Your gorgeous yacht probably didn’t come cheap. So, it goes without saying that choosing the right yacht insurance coverage matters. Before setting sail, here’s a list of things to consider when picking out the right plan for you. An Overview: Yacht Insurance Yacht...
For homes with a rebuild value of $1 million or more, you can choose a high-value home insurance policy instead of standard home insurance. The choice of a high-value home policy brings many compelling advantages, ranging from broader liability insurance...
4 min read. September, 29, 2021 – by David Clausen Although several new private market flood insurers have entered the market in recent years, FEMA’s National Flood Insurance Program (NFIP) still serves as the base policy for most homes insured for flooding. The...
Hundreds of insurers compete for the U.S. home insurance market, but a select group of providers specializes in the high-value market catering to high-net-worth households. Off-the-shelf products from broad-market insurers can miss key risks for affluent families....
When it comes to living on an island, the possibility of flooding is an everyday fact of life. That being said, having adequate coverage – especially if you live along Long Island’s many shore-based communities – is vital. But having any old policy just isn’t enough,...
Unless you're rich and you could easily afford rebuilding your property in the event it's completely destroyed, you should never let your homeowner's insurance lapse. If you do, then you won't be financially protected anymore if your home is damaged. Furthermore,...
Just like creditors use credit scores, insurance companies will use them as well in order to learn more about the risks associated with providing insurance coverage for their applicants. There are quite a few factors that go into insurance scoring models and some of...
On April 1st, 2015, the Homeowner Flood Insurance Affordability Act (HFIAA) made the first round of changes and only 1 year after that, more changes were to follow. The changes took place on April 1st, 2016 and they'll undoubtedly affect anyone who purchased a Flood...
In general, insurance agents advise people that it's a good idea to get as much homeowners insurance coverage as possible in order to cover the replacement of their property. On top of that there are also many insurance companies out there that require people to have...