Tax deductions are a way to lower your taxable income, so you can decrease the amount of taxes that you owe the government. Thinking about the different IRS-approved deductions as you prepare your tax returns may lead you to wonder: Is auto insurance tax deductible? The answer depends on how you use the car and other factors.…
Is Your Home Insured to Its Replacement Cost? If you lost your home in a fire, how much would it cost to rebuild it? The answer may be different than you think. And if your home isn’t insured to its full replacement cost, your homeowners policy may not cover the full cost for you to rebuild it…
How Does Cyber Insurance Work? The cost of dealing with a data breach goes beyond repairing databases, strengthening security procedures or replacing lost laptops. Regulations requiring notifications to affected customers also drive up costs for companies when a data breach compromises personal or confidential data. Traditional business insurance may not be enough to protect companies…
Laundry is part of life’s weekly grind. But did you know that dryers cause roughly 15,500 home structure fires, 29 deaths, 400 injuries and $192 million in direct property loss each year? What’s more, most dryer fires happen in the winter. WHAT CAN CAUSE A DRYER FIRE? The most common cause of dryer fires is…
Each new year brings its own unique set of opportunities and challenges for small business owners. And 2022 is no exception. From shifting consumer shopping habits and government regulations to emerging technologies and the continued effects of the pandemic, it’s enough to make any small business owner take a moment to seriously consider what’s coming…
Small Business Insurance Glossary Trying to understand how your small business insurance works, but having trouble with the language? We understand. Here are some of the more important terms to help you understand your policy. Signing Up Endorsement/Rider: Additional protection purchased in addition to your core business owners policy (BOP). You can use riders to add…
Shopping Safety Tips for the Holidays The average American plans to spend $998 on gifts and other holiday items this holiday season, according to the National Retail Federation. While that’s not as high as pre-pandemic years, it will still be a busy time for both online and brick and mortar retailers. However, all that hustle and…
Life Insurance and Health Conditions: A Deal Breaker? Whether you’re a young adult, stay-at-home parent or a retiree, you likely have a need for life insurance. But wading through multiple policy options, benefit amounts, premiums and riders can be overwhelming. Does whole life or term life make more sense at this point in my life? Do I need $50,000…
Can Life Insurance Cover Student Loan Debt? A college degree is a necessary ticket to many careers – but it often comes with a steep price tag. On average, class of 2019 college graduates borrowed $30,062 in loans, according to data reported to U.S. News. Meanwhile, the collective student loan debt in the United States is around $1.7…
Is a Medicare Supplement Insurance Plan Worth It? When you sign up for Medicare Parts A and B, you also have the option to apply for a Medicare Supplement insurance plan. A Medicare Supplement plan, sometimes called “Medigap,” is a private insurance policy that can help pay for some of the health care costs that Medicare…
