The Employee Retirement Income Security Act (ERISA) of 1974 protects the retirement assets of Americans. The Act sets rules and standards of conduct for private sector employee benefit plans, and those that invest and manage their assets. An ERISA bond,…
We get this question many times a day. People with no losses seeing rate increases or policy cancellations. People with older homes or businesses being canceled. Minimum age requirements being enforced, carriers closed for new business, carriers implementing minimum year…
We find that many people purchase homeowner’s insurance because their mortgage lender told them they had to have it to close on their home loan. They rely on an agent they have never met to give them what they need.…
Are Florida doctors required to carry medical malpractice insurance? The answer is simple: yes and no. Florida doctors are generally required to purchase medical malpractice insurance in order to practice. If they wish to have hospital privileges, they are generally…
The National Council on Compensation Insurance (NCCI) sets the rates for Florida Workers’ Compensation insurance, based on the likelihood of injury and resultant medical costs. The cost of Florida Workers’ Compensation Insurance is based on three primary factors: The type…
A water pipe just broke in my home. Water has damaged my wood floor, carpet, and furniture. Does my Florida homeowners’ insurance policy cover this loss? The answer is not as simple as it seems. It depends on the source…
What is Umbrella Insurance? Umbrella insurance is a form of liability insurance that will supplement your basic liability policies, such as your auto, home or renters insurance. An umbrella liability policy covers a much higher limit and goes above and…
Auto insurer actuaries are able to amass a vast amount of statistical data to accurately predict a person’s propensity for having an automobile loss—and they set rates accordingly. Risk profiling is employed by all the automobile insruance companies, and is…
In a survey conducted by the Trusted Choice and the Independent Insurance Agents and Brokers of America, it was found that many homeowners lack adequate homeowner’s insurance coverage, do not understand their homeowner’s policies, and do not have adequate savings…
Having personally experienced a house fire on Christmas Eve 2014, I am very interested in avoiding the same fate in the future. Even though our local fire department was able to douse the flames relatively quickly and we did not…
