Terminology Tuesday – What is a Deductible?

Everybody has heard the term deductible, but what does it really mean? How does it affect your policy and you, personally? A deductible is defined by the Oxford English Dictionary as “a specified amount of money that the insured must pay before an insurance company will pay a claim.” Easy enough to understand, but what … Read more

Cyber Security Insurance

What exactly is cyber insurance? Why do you need it? What does it cover? These are just a few of the topics I would like to go over today. A quick overview of cyber insurance is that it covers technological breaches and other types of cyberattacks on your computer system(s). It may not be able … Read more

What If Jurassic Park was Real?

My family and I like to have off-the-wall discussions, and this particular topic was one I thought could be a fun blog post for you guys. What if Jurassic Park was real? How would their insurance react to the events of the movie? What types of claims would be filed? Would any of them be … Read more

Terminology Tuesday – What is Replacement Cost?

Last week we talked about Actual Cash Value, so this week it is only fitting that we talk about the flipside, which is Replacement Cost. Replacement cost is pretty much what it sounds like – the cost to replace your building, house, vehicle, personal property, etc. if it is completely destroyed. How is the replacement … Read more