By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Everyone knows that fire extinguishers are a “must have” item in homes and businesses. However, most people probably do not know that different extinguishers must be used under different circumstances. Having the wrong type of extinguisher can be worse than not having one at all. Proper use… Read more »
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Sinkholes – Are They Covered?
By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Twenty percent of the land in the United States is susceptible to sinkholes, according to the United States Geological Survey (USGS). Sinkholes appear around the world, often without warning, causing nearly $300 million in damages each year. Helping clients understand the complicated issues surrounding sinkholes and insurance… Read more »
Exactly What Is And Isn’t Covered By Your Car Insurance?
91.3% of households in the United States have access to at least one vehicle. The rate of car ownership is constantly on the rise thereby increasing the demand for car insurance. The average annual car insurance premium in the US is $1,548 with Michigan, the home of our own Motorcity, on the top of the… Read more »
Secondary Residences Surge
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE The pandemic of 2020 was marked with significant changes to how people thought about vacations and travel. With travel restrictions, fears about flying, and new ways of thinking about working or going to school, the idea of a second home that is within reasonable driving distance… Read more »
Why Some Believe It’s Too Late To Take Life Insurance And Why They’re Wrong
When to buy insurance can sometimes prove a tricky question to answer. Small businesses have different considerations at different stages of their lifecycle. But it’s true that similar questions are common with personal insurance too. Obviously, there are many good reasons to buy life insurance at any age. The reasons that are valid for younger… Read more »
Portable and Supplemental Heater Safety
By Sue Quimby, CPCU, AU, CIC, CPIW, DAE As temperatures fall, the demand for and use of supplemental heating sources rises. Portable heaters are commonly used when the main heating system is inadequate, or when just an area of the building needs to be heated. During the COVID-19 pandemic, supplemental heaters became essential equipment for… Read more »
An Introduction to Hold Harmless and Indemnity Agreements
Transfer of risk is a key component of most contracts. “Indemnify” and “hold harmless” are terms that are commonly seen, and often misunderstood, in contractual agreements. These agreements may be made between companies, individuals or a combination of the two. Helping clients decipher what hold harmless provisions mean and how they are used is a… Read more »
How Local Conditions Impact Home Insurance Premiums
Marty has just purchased his dream home. It took him a long time to save up and get it done. Marty feels good being a homeowner – but he needs to be a responsible one. Thus, Marty does what any sensible homeowner would do – call an insurance agency. But when he does, he’s bombarded… Read more »
Retail Store Insurance May Have Become A Bit More Complicated
Retail sales in the United States went up by 6.7% in 2020 despite the ongoing public health emergency. The retail sector has had a massive shift in recent years with the growing demand for online sales. 51% of Americans now prefer online shopping over visiting physical retail stores. Owing to consumer demands, retail firms are… Read more »
Home Appliances – Helps or Hazards?
By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Home appliances have drastically changed how people live over the last century. They are great time savers and convenience items, as well as providing entertainment. However, these gadgets and products that are meant to make life easier are also responsible for millions of dollars in insured and… Read more »