Tag Archive: Insurance

Replacement Cost and Market Value: What’s the Difference?

If we asked you what’s the difference between replacement cost and market value, what would you say? In case you don’t know the answer, we’re here to quickly clarify what these two insurance terms mean.  Re-place-ment Cost  Noun  According to BusinessDictionary, replacement cost is defined as: “Current cost of replacing an existing asset or property…

Does Your Business Need Blanket Insurance?

Are you a business owner who oversees more than one property at one or more location? If so, you may want to consider a Blanket Insurance Policy. Blanket Insurance is coverage for more than one type of property at one location or one type of property at more than one location. With this type of…

Christmas Tree Safety – How Quickly Christmas Tree Fires Can Turn Devastating and Deadly

Each year, U.S. fire departments respond to nearly 230 home structure fires that start with Christmas trees. Home Christmas tree fires cause an average of six deaths, 22 injuries and more than $18 million in direct property damage annually, and the danger can extend beyond Christmas.   The devastating damage Christmas tree fires can inflict on people…

Michigan Auto Insurance – New Electronic Proof of Insurance Law

Officer:“May I see your Driver’s License and Proof of Insurance?” Driver: “Yes officer. Here’s my license and my phone.” Michigan drivers will soon be able to show police their proof of auto insurance on their cell phone or other mobile device under a new law signed yesterday by Gov. Rick Snyder. HB 4193, introduced by…