An insurance book of business is the full record of an agency’s past and current clients and their policies. To value one, agencies commonly multiply annual commission revenue by about 1.5 for a rough estimate, or use the more accurate EBITDA-multiplier method. Valuations matter for selling, merging, or strategic planning. Are you wondering how to […]
In home insurance, replacement cost is what it would take to rebuild your home today, while market value is what the home would sell for. They’re often very different — market value reflects location and economic conditions, while replacement cost reflects current materials and labor. Most homeowners should insure to full replacement cost so a
Understanding Replacement Cost VS. Market Value in Home Insurance Read More »
Standard homeowners, condo, and renters policies usually cap coverage for jewelry, art, and collectibles at just a couple thousand dollars — a low sub-limit on high-value belongings. To fully protect them you need jewelry and valuable items insurance (a valuable personal property policy), which offers ‘all-risk’ coverage — even for lost or mysteriously disappeared items
How to Insure Valuable Art, Jewelry, and Collectibles in Your Home Read More »
First-time home buyers in Post Falls, Idaho should start with a standard HO-3 homeowners policy, which covers your dwelling, other structures, personal belongings, liability, and loss of use against covered events like fire, wind, and theft. Floods and earthquakes aren’t included and require separate policies. Are you a first-time homebuyer? When you’re purchasing your first
Insurance Guide for First-Time Home Buyers in Post Falls, Idaho Read More »
Yes — electrical contractors in Washington are required to carry a surety bond to get their license. A surety bond is a three-party guarantee (contractor, client, and surety company) that the work meets code and regulations. If the contractor fails, a client can claim against the bond, which pays up to $4,000 in Washington. Most
In Washington, you can legally tint only the top 6 inches of your front windshield with non-reflective tint (no red, yellow, or amber), a 2011 rule that keeps the driver’s view unobstructed. Side and rear windows have their own light-transmission limits. Legal tint doesn’t affect car insurance, but tickets for illegal tint can — separate
Can You Tint Your Windshield in Washington State? Read More »
Mobile home insurance isn’t required by Washington law, but lenders require it if you financed the home. It’s a form of homeowners insurance covering the dwelling, accessory buildings, personal belongings, liability, loss of use, and medical payments. Standard policies exclude floods, earthquakes, rot, and wear, so add flood and earthquake coverage based on your location.
Washington Mobile Home Insurance Requirements and Purchasing Guide Read More »
Umbrella insurance is extra liability coverage that pays large claims once your home or auto policy limits are exhausted. For retirees in Spokane living on fixed savings, it’s valuable protection — one serious lawsuit or accident on your property could otherwise consume a big share of retirement income. Policies typically cost about $200 a year
You should switch your auto insurance to a commercial policy in your business name once you use the vehicle for business — delivering goods, visiting clients, transporting people for pay, adding company signage, or letting employees drive it. Personal auto policies exclude business use and may deny those claims. This is especially relevant for gig
When should I put my auto insurance under my business name in Washington? Read More »
Home insurance claims for fires, theft, and dog bites — plus filing multiple claims in a short time — can raise your premiums, while excessive claims, owning high-risk dog breeds, or rising neighborhood risk can get your policy canceled or non-renewed. Filing only necessary claims and hardening your home helps keep coverage affordable. Are you
Home Insurance Claims That Make the Premium Go Up or Cancel All Together Read More »
