As an engineer, you might not really think that it's necessary for you to have liability insurance. In fact, you might generally think of construction companies and other similar companies when you think about businesses that have professional liability insurance. However, as an engineer, it is important for you to have this insurance coverage, too. Not only is it potentially required by your state or local government in order for you to operate as an engineer, but it might also be required by your trade association. [Read More]
3 Coverages To Add To Your Homeowner's Insurance Policy
Every homeowner's insurance policy is different, so you can customize the coverage you want and need. Your policy should contain coverage for your home structure and the things inside, but is this all you need? Many home insurance agents recommend adding a few types of coverage to have more protection. Here are three types you might want to add to your plan. Additional Living Expense Coverage The first type you should add is additional living expense (ALE) coverage if you do not have it already. [Read More]
What Is Your Risk Level For Auto Insurance Coverage?
The costs you pay for all insurance products depend on the risk level you are to the insurance company. You may never know the exact risk you are to an insurance company, but you can learn more about your risk level for auto insurance by understanding how insurance companies determine risk levels. Here are the factors that most insurance companies use to assess risk when providing auto insurance coverage to people. [Read More]
Defining Your Home Insurance Policy
Home insurance policies vary a lot. You shouldn't copy a neighbor's policy even if you live in the same ZIP code. Below are some of the factors that help define and differentiate home insurance policies. Perils Policy Home insurance policy can either cover named perils or open perils. For named peril policies, the policy lists the specific risks that it covers; anything else is excluded. An open perils policy covers everything except the ones listed on the policy. [Read More]