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Replacement Cost vs. Actual Cash Value One of the most important concepts that those who have homeowner’s insurance  often overlook is what the value of their possessions actually are worth. There’s a distinction between types of value that the insurance industry recognizes—actual cash value and replacement cost. Let’s take a look at the difference before

Statistics of Renters – Why You NEED Renters’ Insurance As we’ve covered before,  renter’s insurance is absolutely essential for renters, whether it’s for damage from fire, theft of possessions, to even esoteric coverage like protecting yourself from libel and slander. However, as advisors in the insurance industry, RiskBlock  we understand that knowing is half the

What Is Personal Injury Coverage and Why Does It Matter to Me? If you have renters  or homeowners insurance  you may feel covered against catastrophes, whether it’s a fire, theft, or someone tripping down your concrete stoop—heck, your possessions are covered even when traveling abroad. That’s all well and good, but have you considered the

Occurrence vs Claims Made Q: “As a professional CPA for the last five years, I’ve always insured my accounting business with professional liability insurance. However,  I’ve been experiencing a few “cash flow problems” lately and was wondering if I could cancel my policy this year, go uninsured (I’m downsizing my clients) then resume it next

Are You in Peril? How Insurers Define Coverage Knowledge is power. That’s why it always helps to be informed about the not only how to insure your property, but how the insurance company defines its own jargon. One of the terms you may have seen while reading over your policy was “perils”. Short of sounding like

Named Insured vs. Additional Driver If you’ve been reading our blog for some time, you’ve probably had the opportunity to learn a great deal about auto insurance. [INSERT LINK TO “What is Auto Insurance”] It’s a vast topic, as not everyone’s situation is identical in every case. However, insurance companies recognize certain types of drivers

Insurance Is Not a Maintenance Plan Got some rickety steps? Some shingles on the roof that are ready to come loose? While you may have a homeowners insurance policy that you feel is extensive, there are limits to your coverage. While your home’s condition is always in a state of flux, did you know that

Disclose the Dog There often is much difference between your family members and your beloved pooch—besides a little fur here and there. But while your four-legged friend guards your home and offer undying loyalty, homeowner’s must be practical. One bite to a neighbor, friend, or mailman could send your wallet into a death spiral. While

How’s Your Collection Insured? For some, our possessions become our hobbies, like a fine collection of jewelry or sports memorabilia. For others, our possessions are our livelihood. Musicians certainly fall into this category. One concern, however, is universal among us all: what would happen if we lost or damaged our most cherished items? The thought