It’s the day you’ve been waiting for. You paid off your car. Congratulations! Now what? As you enjoy the extra cash in your bank account, it may be a good time to take a look at another expense that impacts your budget: your auto insurance. Now that you own your car, it’s reasonable to ask: Which coverages…
Chris Librizzi is NBIC’s primary Fire Investigator and Large Loss Adjuster. Doubling as a firefighter for the city of Warwick (RI), Chris has seen the destruction, personal devastation, and severe financial impact that fires have on homeowners. Chris is on a mission to keep his family, friends, neighbors, agents, and policyholders educated and safe. According…
Imagine this hypothetical scenario: you’re a small business owner who needs to fill an open position at your company. After sorting through resumes and interviewing four candidates, you hire the one you think will be the right fit for the job. Your new employee joins your team, and business continues as usual. Three weeks later,…
At KVIS & Coe, we don’t take the price you pay for car insurance lightly. Like most companies today, we’re facing increased costs of doing business. And we know that you are facing rising costs too, on everything from gasoline to breakfast cereal to housing. And while a lot of factors go into what you pay…
Rather than using a letter of credit (LOC) to guarantee performance, businesses can work with insurance carriers to fulfill their performance guarantee needs. Securing bonds rather than LOCs enables an organization to preserve credit limits and cash reserves for other important business reasons, such as equipment purchases or inventory requirements. Commercial contract (performance) bonds ensure…
If you’re looking for ways to tighten your monthly budget, there’s an unexpected place you can look: Your garage. No, we’re not telling you to sell your car (although that’s certainly an option). Rather, it’s time to take a closer look at the way you drive and take care of your vehicle. As gas prices…
Richard Baker took care of himself. He and his wife, Dee, both worked out regularly — and had even run some marathons. They were vegetarians, non-smokers and only had a rare drink on special occasions. In his mid-50s, Richard felt and looked healthy right up until the moment when doctors discovered a cancerous football-sized tumor…
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…
