Richmond, Virginia loves ink! Richmond has the 3rd most tattooed residents in the U.S. next to only Las Vegas and Miami. The last thing on most people’s mind when selecting a tattoo is insurance but before applying permanent ink, make sure the tattoo parlor and artist have insurance. Insurance Coverage General Liability Professional Liability Property Inland Marine Molestation or Abuse Assault or Battery Tattoo parlors often have General Liability insurance, which provides coverage if you trip and fall in their store, but General Liability does not provide coverage if the artist makes a mistake. Ask for a Certificate of Insurance Ask your tattoo artist for a Certificate of Insurance. This document will show which type of insurance they have and
We are often asked why are insurance rates increasing? I didn’t file a claim or get a ticket. Insurance premiums are a function of these factors: The perception of future risks, recent catastrophic claims and the return available on investment. Huge fires and other disasters factor in, such as the Colorado Springs blazes earlier this year and other natural disasters have also forced large payouts. Even the devastating Japanese earthquake and tsunami from 2010 affects insurance premiums in the United States, since insurance companies routinely purchase re-insurance coverage from very large companies. And these reinsurance companies, such as General Re, have been increasing their rates. In addition, jury awards and settlement costs in a variety of commercial fields have put
Back in the day kids showed up to their college dorms with not much more than the clothes on their backs and a couple of suitcases, maybe a small stereo. A generation ago, laptops were nearly unheard of in college dorms. Obviously, those days are over. Today college students rely on a small arsenal of laptops, tablets, smart phones and other valuable electronic devices – all critical for socializing, as well as completing homework and studying. Access to a laptop isn’t a luxury for students anymore – it’s a must. Homeowners vs. Renter’s Insurance Fortunately, for parents with a homeowner’s insurance policy, most full-time students are covered against theft and other common hazards under that policy if their primary residence
One of the risks from being a landlord is that tenants or visitors to the premises may get injured. Injuries may result from factors out of the landlord’s control. However, in some cases the landlord may be legally liable for accident. Negligence A landlord is legally liable for a tenant’s or visitor’s injury if he is negligent. The law considers a person’s actions to be negligent if: He owed a duty to someone else to be careful He was not careful The other person suffered some kind of actual harm The first person’s failure to be careful caused the harm. In the case of a landlord, this means: The lease or some other agreement made the landlord responsible for maintaining
Whether you plan to travel the world, run marathons, serve your community or spend more time with family, retirement will bring radical changes in the ways you spend your time. And whenever life changes, so do the risks you face — which means retirement is a good time to look closely at your insurance coverage. You might need more, less or different coverage, and you might also qualify for new discounts. Here are five insurance tasks you should prioritize as you enter retirement. 1. Ask about car insurance discounts and coverage There are a couple of ways you can save money on car insurance once you retire: Tell your car insurance agent or company you’re no longer commuting. Driving
Any major life change sends a ripple effect through your finances — especially a divorce. Insurance matters may seem trivial next to the emotional upheaval of ending a marriage. But minding the details now can prevent financial pain later. Here’s a look at five insurance changes to address after a divorce. 1. Life insurance Buying life insurance and naming an ex-spouse as beneficiary may be required under a divorce agreement. If a former spouse dies, the surviving ex-spouse can use the life insurance payout to replace alimony or child support payments. Term life is an inexpensive way to provide the safety net. You choose the term, such as 10, 20 or 30 years. Once the term ends, the coverage ends.
You’re having a new pool installed in your backyard, and you can’t wait to dive into a summer of swimming fun. Of course, you may be so busy buying water wings, noodles and floats that you forgot to take care of one very important detail: your insurance. Now is the time to take a close look at your homeowner’s policy to see if you have sufficient coverage for your new pool. Your first step should be to give your insurance agent a call right away and let them know you have a new pool. If you neglect to inform them of this important fact, it could cause problems down the road if someone is injured in your pool. Your pool
Discounts & More: Combining Your Auto & Home Insurance with One Company There are huge advantages to combining your auto and home insurance with a single company. The biggest and most direct benefit is getting a multiple-policy discount. However, it goes beyond that, and the advantages can work out nicely in the policyholder’s favor. Let’s look at the numerous variables on why this really works to your advantage. Discounts The combined auto-home or multi-policy discount, as some companies call it, can result in some real savings; in many cases, it can amount to hundreds of dollars per year. The best part of this is that the discount applies to both policies and, depending on the company, often ranges from 10%