If you don’t know, it’s worth double checking.⠀⠀⠀⠀⠀⠀⠀⠀⠀
Many commercial leases require tenants to carry property insurance for the full replacement value of their personal property and improvements in their premises. (Even if it is not required under your lease, it is still good to have to protect yourself in the event of a casualty!)⠀⠀⠀⠀⠀⠀⠀⠀⠀
I met a business owner recently who did what many business owners do. She told an insurance agent to just give her a policy that meets the minimum insurance requirements under the lease.⠀⠀⠀⠀⠀⠀⠀⠀⠀
The policy covered only $20,000 in personal property. After she got the policy and moved into the space, she invested over $150,000 in improvements, furniture, and equipment for the premises but never got her insurance policy updated to cover the cost of her improvements.⠀⠀⠀⠀⠀⠀⠀⠀⠀
Literally a few months after she opened for business in her brand new store, a pipe bursted overnight and flooded her entire space, causing water damage to all of her property and improvements. It was a total loss!⠀⠀⠀⠀⠀⠀⠀⠀⠀
She was forced to close down her business and all she could recover from her insurance company was the $20,000 policy limit.⠀⠀⠀⠀⠀⠀⠀⠀⠀
To avoid this, make sure you obtain sufficient insurance coverage from the outset. Then check-in with your insurance agent annually to evaluate whether any changed circumstances make it necessary or advisable for you to adjust your coverage to ensure you are adequately protected.
1 723 August, 2019
Life Insurance is a straightforward concept: Buy a policy and pay a relatively small premium, and the beneficiary will get a large cash benefit if the insured dies while the
policy is in force. But there are many variations on this basic theme – and just as
many misconceptions about how life insurance works. Here are some of the most common #myths .
1 1023 August, 2019
Enjoy the luxuries of life while protecting your motorcycle or other recreational vehicles without any worries 🏍️ #AllProtector
Apa kamu tahu perbedaan asuransi kebakaran dan asuransi properti?
Asuransi kebakaran menanggung kerusakan yang dikarenakan oleh api, petir, ledakan, kejatuhan pesawat terbang, dan asap. Biasanya digunakan untuk tempat tinggal seperti rumah dan apartemen. Dan biaya polisnya relatif rendah dan mengikuti standar OJK.
Sedangkan asuransi properti menanggung semua jenis kerusakan pada properti. Biasanya digunakan untuk bangunan komersil seperti kantor, pabrik, atau toko. Perusahaan asuransi bisa menentukan besaran polis sesuai dengan risiko bangunan.
Don’t forget we offer competitive rates on home owners insurance!
2 1721 August, 2019
#AllProtector is happy to provide excellent coverage and low rates for all of your #auto needs!
🚘 Speak with one of our agents today and let us help you choose the right plan!
2 1721 August, 2019
College costs are considered a major expense for most individuals. As a parent, it is important to take a proactive approach when investing to meet your children’s college goals. While there are a variety of products and account options in the marketplace, you may want a plan that will give you flexibility as well as coverage for your family, should something happen to you. Contact us for details and visit DrissInsurance.com and sign up for our monthly newsletter for all the up to date news and information!
1 1021 August, 2019
When you're looking for an #Insurance company, be sure to pick Dan Madeley Insurance, we're there when you need us.
Is your child heading off to college? Let us help you decide if they need to purchase renters insurance to protect their personal property!
If your child is living in student housing, a limited amount of contents coverage will extend from your home insurance policy.
If they are renting a room off campus, they will need to obtain their own renters policy.
If they are living with roommates off campus, each person in the residence will need to have their own, separate renters policy to ensure all of their personal belongings are covered in the event of a loss.
Do you have more questions about insurance while your child is away at school? Contact us today!
Did you know that most of us are not protected against flooding by a traditional homeowner’s policy? With all these storms we've been getting lately, do you trust your homeowner's policy? For peace of mind, let our experts explain the various types of coverage available. Give us a call at 804-457-2309.
Making budget decisions can be hard, especially when it involves thinking through worst-case scenarios. When unexpected heart failure took his wife too early, Ron was thankful they had decided make life insurance fit in their budget. #insureyourlove visit DrissInsurance.com today and let us help you protect the ones you love.