Do you have earthquake coverage (E/Q) with your homeowners or business insurance? Most homeowners and commercial insurance policy holders do NOT have it. But, there are very small tremors daily, and of course there is always a chance of a substantial quake.
Did you know that floods are the number one natural disaster in the United States? Also, did you know that not every homeowner’s or business owner’s insurance policy has flood coverage? It’s important to understand that even in low-risk areas, floods can still happen, and cause thousands of dollars worth of damage to your home or business. It’s scary to see just how water damage adds up. While most homeowners are worried about fire, floods are in fact the greater risk.
Drones are becoming used in all sorts of industries, including real estate and construction. While there are definitely benefits from using drones in many different industries, there are risks to consider, as well. It’s estimated by the FAA that over 7500 small commercial drones will be in use by general contractors and construction tradespeople by 2018. What will they be used for? Many of them will be used for automating inspections, site surveys, and mapping materials. They can also be used for providing live video feeds of the job site to make sure that all workers are working safely and using their fall-prevention equipment properly. Read more
When looking around at different car insurance policies, you may have heard of “gap” insurance. What exactly does that mean and why would you need it? Essentially, what gap insurance does is cover the difference (or gap) between what your car is worth and how much you actually still owe on the car. Read more
This recently happened in our area. Someone was texting while driving and not paying attention. The driver of the offending vehicle did not brake at all, they were on the phone – 100% full impact to this Toyota shown below. The tow truck operator told the victim they were VERY lucky the rear end crumpled like it did or he […]
Will driverless cars save lives and insurance premiums? Read more
After three winter storms in less than a week, you may be noticing some pretty large snow piles on the roof of your home. With a slight warm up in temperature coming mid-week, now is the time to remove snow in order to prevent the buildup of ice dams – and potential damage to your home.
Natural disasters do happen, and can cause great, unexpected damages that you can’t possibly plan for in advance. Floods, hailstorms, and many other kinds of disasters can come with very little warning, not leaving much time for preparations. Will your business be able to survive an unforeseen disaster? Read more
Just like any kind of insurance, not all dwelling fire insurance policies are created equal. The things to consider when choosing a dwelling fire insurance policy vary from state to state. Read more
Cyber Risk. It’s a term that many businesses and companies believe they understand and have managed, but do they really?
Most companies and businesses look at Cyber Risk as mitigating immediate financial losses when a cyber attack happens. Read more
Banas & Fickert Insurance Agency
