CONSTRUCTION COSTS AND COVID
Many people have done renovations to their homes during Covid. They have added swimming pools, decks, garages, game rooms, or renovated their kitchens and bathrooms. Prices on building materials have gone up over 200% in the last ten months and the time to acquire building materials has gone from immediate delivery to two to three months. Have you reviewed your homeowner’s coverage to be sure you are still adequately covered? Do you understand the difference between guaranteed replacement cost and extended replacement cost and how coinsurance is applied at the time of a loss?
If you answered no, reach out to us today and we will be happy to review your coverage with you.
The continued rise in the amount of information stored and transferred electronically has resulted in a large increase in the potential exposures facing businesses. When cyber attacks like data breaches and hacks occur, they can result in devastating damage. Businesses have to deal with business disruption, lost revenue, and litigation. It is important to remember that no business or organization is immune to the impact of cyber crime. Cyber exposures aren’t going away and continue to escalate. Businesses need to be prepared in the event that a cyber attack strikes. Contact us for more information today.
SERVICE LINE COVERAGE IS TYPICALLY NOT COVERED IN A STANDARD HOMEOWNERS POLICY
This covers underground service lines that run from your home to the property line and are your responsibility to maintain. It’s easy for an incident or general wear and tear to eventually result in some unforeseen expenses.
Drones (UAS unmanned aerial systems) are a type of aircraft that has broad commercial and personal uses. They can be used to inspect buildings, deliver materials, or ﬂy around as simple, recreational products by every day people. They also can present a signiﬁcant threat to your business. They have crashed into the U.S. Open, the White House, and other prominent locations. They also pose as cyber security and privacy risks. Many are equipped with advanced cameras and listening devices. Drones equipped with smartphones can access date from a business’s insecure networks and devices. They also can access areas that a normal person could not, such as the top ﬂoor of a building or outside the window of a secured room.
PET INSURANCE IS NOW AVAILABLE
Most people consider their animals to be members of their family. Pet insurance provides coverage for pet illnesses and accidents. Different plans generally cover different illnesses and conditions but most often focus on non-routine care and will cover a new illness, disease, or injury.