noviembre 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 […]
noviembre 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 […]
octubre 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 […]
septiembre 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 […]
diciembre 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 […]
octubre 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 […]
agosto 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 […]
junio 15, 2023
AgencyBuying a Car from a Private Seller
When scouting for a high-quality used car, sometimes you can find better value from a private seller rather than a dealership. But, while private sellers can offer great deals, there are some important considerations to keep in mind. Let’s look at some tips and advice on how to buy a car from a private seller […]
octubre 27, 2022
AgencyConstruction contractors may be at greater risk of exposure
Rising costs of property impacts contractors Surging inflation, supply chain issues and labor shortages have led to the largest spike in construction costs in 50 years.1 Increasing material costs put contractors at greater property exposure risks as they store, transport or have property waiting at job sites. With material shortages and rising cost of those materials, […]
agosto 29, 2022
AgencyWhat to Know About the Employee Retention Credit
If you’re a small business owner, you may be eligible for a tax credit called the employee retention credit (ERC). This refundable tax credit benefits businesses that kept employees on the payroll during the COVID-19 pandemic. If this is the first time you’ve heard of the ERC, you’re not alone. Only 32% of small business […]