BUSINESS

Should a watch be insured?

When the cost of repairing or replacing the watch is greater than the cost of the insurance over several years, it makes sense to purchase watch insurance. Take, for instance, the aforementioned $5,000 watch. If insurance costs $50 to $100 per year, it would take 50 to 100 years before you paid back the watch’s […]

BUSINESS

What is covered by watch insurance?

Insurance companies for watches cover watches against a specific list of dangers. This frequently includes things like damage, theft, loss, and disappearance. Check your watch insurance policy for exclusions because some policies cover less than others. For instance, some policies specifically forbid damage or loss in certain circumstances, such as an infestation of rodents, general […]

BUSINESS

Common Questions: What Is Medigap?

Another name for Medicare supplement insurance is Medigap. These plans are meant to fill in where Original Medicare leaves off. Medigap plans, on the other hand, are only compatible with Original Medicare Parts A and B. Medigap doesn’t cover out-of-pocket costs if you have Medicare Advantage, which is also known as Medicare Part C. One […]

BUSINESS

Fire insurance definition and example Fire insurance covers the costs of property damage caused by a fire.

Up to the limits set by your policy, it also includes your personal belongings and expenses for lodging and meals that go above and beyond your normal living costs. Like the rest of your policy, it has the same deductible and coverage limits. Your land’s detached structures, like sheds, fences, and detached garages, are frequently […]

BUSINESS

How Insurance Premiums Work Insurance costs money, but when you first start buying insurance, the term “premium” may be unfamiliar.

The amount a person (or business) pays for policies that cover life, health, home, or auto insurance is typically referred to as the premium. For instance, if you keep your car insured for $212 per month, your annual premium would be $2,544. Your insurance premium would be $1,272 if you bought a policy for six […]

BUSINESS

What factors influence the cost of insurance?

Four main factors typically determine an insurance premium. When you purchase an insurance policy, insurance companies provide you with a variety of choices. Your insurance premium may rise depending on how much coverage you choose or how comprehensive it is. When looking at home insurance premiums, for instance, an open perils or all-risk coverage policy […]

BUSINESS

How Does Insurance for Windstorms Work?

You can supplement your existing homeowners insurance with windstorm insurance. This kind of policy, which is also sometimes referred to as hurricane insurance, protects you in the event that a severe windstorm, hailstorm, or hurricane causes damage to your home.1 Mortgage lenders typically make it a condition of the loan for property owners who live […]