Resources

The ownership structure of a condominium unit is different from that of a single family house. Here’s what you need to know when purchasing insurance for your condo.1 1. UNDERSTAND THE MASTER POLICY Since the ownership of all common areas is shared with other condo owners, the association of owners typically purchases insurance coverage (a … Read more

In 2019, the average flood claim payout from the National Flood Insurance Program was $52,000.1 The financial loss that comes with flooding can be devastating. Yet, many Americans are not protected against flood damages, primarily because flooding is not covered under a standard homeowners policy.2 LOW VS. HIGH RISK Even if you are in a … Read more

Renters sometimes overlook the need for insurance based on the belief that they may not have a significant amount of personal possessions, or because the property is already insured by the owner. While it is true that a rental property is insured by the owner, the destruction or loss of your personal belongings is not. … Read more

According to one study done by the US Small Business Administration, 88% of small business owners feel their business is vulnerable to a cyber attack. These concerns may be well-founded: according to another study, 61% of all small businesses have reported at least one cyber attack in the past year.1,2 Business owners are required to … Read more

Purchasing homeowner’s insurance is not only critical for protecting your home, your personal property and against any potential liability, but if you have a mortgage, your lender will require it. WHAT’S COVERED A homeowner’s insurance policy is a package of coverages, including: Dwelling: Covers damages to your house and any attached structures, including fixtures such … Read more

The questions around auto insurance center not so much on whether to have it—it’s mandated by state law, required by your lender, and serves to protect your assets—but what kind of coverage you should purchase. TYPES OF COVERAGE There are several forms of coverage that a car owner may purchase, some of which are required, … Read more

For small business owners, the line between the personal and their business can be a bit hazy at times.  Yet, when it comes to a vehicle that may be used for personal and business-related reasons, it’s important to know how your auto insurer is expected to define what constitutes commercial use. If you own a … Read more

One reality of life is that risk is ever present. It exists in our commute to work, in our investment choices, and in our lifestyle decisions. Some risks can be transferred to an insurance company (e.g. auto or homeowners), while others we assume ourselves. When you choose to bear the financial burden of an adverse … Read more

Divorce can be an emotionally and financially challenging life event. In the face of the many possible adjustments divorce entails, making changes to insurance coverage may be overlooked. Here’s a look at each type of coverage: AUTO If there is a change in auto ownership, you may need to obtain car insurance coverage to coincide … Read more

Medicare coverage can be a critical component for living a healthy life in retirement, as well as for maintaining your financial independence during these years. Yet, as important as it is, Medicare does not cover the full range of healthcare expenses you may experience in your golden years. To fill the holes that exist in … Read more

As Teddy Roosevelt once observed, “Old age is like everything else. To make a success of it, you’ve got to start young.”1 The challenges seniors have met throughout their lives have made them wiser and stronger, preparing them for the unique challenges that come with aging. As we age, the potential for cognitive decline increases, … Read more

According to the Social Security Administration, a 20-year-old has more than a 25% chance of becoming disabled before reaching retirement age.1 Loss of income for such a duration has the potential to cause significant financial hardship. And while Social Security Disability Insurance may help, it’s critical to understand that about two-thirds of initial applications are … Read more