January 31, 2025
Salvador Insurance AgencyWhat’s the Difference Between Replacement Cost and Actual Cash Value?
Home insurance is a crucial part of responsible homeownership. The right policy can make all the difference in the wake of accidents, criminal activity and some natural disasters. However, while you likely understand the importance of home insurance and how it can help you recoup losses and repair or rebuild your home, there are various […]
December 31, 2024
Salvador Insurance AgencyAre Service Lines Covered by Homeowners Insurance in Illinois?
Homeowners insurance is often a crucial safeguard for property owners, providing financial protection against many common risks and perils. While these policies may cover many aspects of your home, when it comes to service lines, such as water, sewer and gas lines, coverage under a standard homeowners insurance policy in Illinois can be complicated. What […]
November 14, 2024
Salvador Insurance AgencyWhat Is the Difference Between Fixed and Percentage Deductibles?
When it comes to insurance policies, understanding the type of deductible you have is crucial. Deductibles are the amount you pay out-of-pocket before your insurance kicks in. However, while this may seem like a simple concept, your payments may be calculated in various ways. Two common types are fixed deductibles and percentage deductibles, each with […]
November 6, 2024
Salvador Insurance AgencyWhat Happens If My Neighbor’s Tree Falls in My Yard?
For the most part, homeowners are responsible for what falls into their own yard. So, if a storm causes your neighbor’s tree to fall in your yard, your homeowners insurance could help cover the cost of removing the tree and remedying the damage it caused on your property, after your deductible. The same is true […]
October 31, 2024
Salvador Insurance AgencyDoes Homeowners Insurance Cover Sewer Backup in Illinois?
Homeowners in often wonder if their insurance policies cover sewer backups. The answer is not straightforward, as it depends on the specifics of the policy and the insurer. Standard Homeowners Insurance Policies Typically, standard homeowners insurance policies do not cover sewer backups. These policies generally offer financial protection against perils like fire, theft and certain […]
September 26, 2024
Salvador Insurance AgencyThe Value of Bundling Home and Auto Insurance in Illinois
In Illinois, bundling home and auto insurance policies can offer significant benefits to residents. This strategy entails obtaining both types of coverage from a single insurance provider. By understanding the benefits of bundling policies, you can determine if it is appropriate for your circumstances. Benefits of Bundling Insurance Policies The following are some key advantages […]
December 6, 2023
Salvador Insurance AgencyShould Homeowners Purchase a Builders Risk Policy for Renovations?
Americans spent $420 billion in 2020 on remodeling their homes, according to the National Association of Realtors “2022 Remodeling Impact Report,” with the most commonly undertaken renovations being the kitchen, bathroom, home additions, flooring and painting upgrades. In 2020, the U.S. home remodeling market generated $340 billion in revenue, with a 4.1% projected growth through […]
October 11, 2023
AgencyCyber Insurance: Protecting Small Businesses from Social Engineering Fraud
October is Cyber Security Awareness Month, so now is the perfect time to examine and refine your business’s cyber security precautions, things like password policies and employee training. It’s also the perfect time to make sure you have a cyber insurance policy. If you operate a small or midsize business (SMB), this domain of criminal […]
August 3, 2023
AgencyWhy Complex Cars Cost More to Repair
Years ago, fixing a car after a collision may have meant straightening out steel and swapping out damaged parts, but the complexity of modern cars means that the repair process is now more complicated—and more costly. Car designs are more intricate today due to advances in technology that make driving safer and more fuel-efficient, but […]