Renters insurance is usually going to offer you the most basic limits when it comes to protecting your personal property, $10,000 $20,000. Let’s face it, most of us have some very nice things and these very nice things are not going to be covered by the $10,000 or $20,000 limit. They add up very quickly. … Continue reading “Are all renter’s insurance policies the same?”

It’s very important if you are renting an apartment or condo or even a single-family home to have renter’s insurance. If you live in an apartment complex, sometimes the property management company there will require you to have insurance. But when there’s some people who are renting condos from a landlord or even a single-family … Continue reading “As a renter, do I need property and liability insurance?”

For renters, many landlords in the lease will require that you have liability insurance. So, liabilities the same thing that we’ve been discussing, in the previous videos, things could happen in your business space. You have a slip and fall and you have insurance that protects the landlord and you. The landlord wants to have … Continue reading “What is the difference between liability and property damage for renters?”

Yes, the landlord is going to have their own master policy that covers them for the property damage to the structure. You may be able to claim on the landlord’s policy but at the same time, you don’t know what the landlord’s policy says, or maybe the landlord’s policy is limited and has exclusions for … Continue reading “Do I need insurance when renting a commercial space?”

Cyber liability is if you’re a business and somehow someone hacks into your business and takes those important files for your business as ransom and will only give them back to you for a certain amount of money. Now, if you have cyber liability coverage that could potentially cover you in that situation. Worst case … Continue reading “What is cyber liability coverage, and how do I assess the value of a claim?”

This is the same situation for a homeowner. If you’re a business owner with commercial liability insurance, and somebody gets hurt in your business, that person who gets injured can make a claim against you for their bodily injuries. So, an injury can happen where someone slips on coffee or something wet on the floor … Continue reading “What happens if someone gets injured at my business?”

Liability is only going to cover you when someone is making a claim or potentially suing you for some sort of bodily injury or property damage. If you’re being sued, that’s a liability claim, there’s some sort of event happened at your business/ Liability protects you against lawsuits for property damage or bodily damage when … Continue reading “What is a liability claim?”

An equipment breakdown claim is similar to other business interruption claims. Just like the restaurant I discussed in a previous video, a restaurant owner may have equipment that’s used to cook the food or keep it cold. If for whatever reason, these pieces of equipment have issues, they have to be replaced. The equipment breakdown … Continue reading “What is an equipment breakdown claim?”