Streetsmart insurance Blog
Your sump pump is your home’s first line of defense. Your homeowners insurance policy may pay for repairs after water damage has occurred, but your sump pump is designed to prevent flooding before it takes place.
Rain is one of the leading causes of weather related water damage, but winter hazards like snow, ice, and standing water can also cause problems. Unlike cracked pipes or broken appliances, snow, ice, and standing water can seep through your roof and leave mold, rotted wood, and structural damage behind.
Like other business owners, the owner-operator of a trucking business relies on complex equipment to earn a living. If your truck is damaged in an accident, your truck insurance policy will only pay for the physical repairs to your vehicle. Any additional expenses, like commercial auto loan payments, rental vehicles, and living expenses, would not be covered.
Although floods and broken appliances can cost homeowners thousands of dollars in property damage, frozen pipes are one of the leading causes of water damage during the winter. The average cost of frozen pipe-related failures is $8,189, according to a recent Water Damage Defense article.
Business owners have a lot of assets to protect! In addition to liability insurance, entrepreneurs also need to insure their equipment, retail/office space, commercial vehicles, and employees. With multiple policies and premiums to take care of, it can be hard to manage all of your business insurance products.
Water damage is one of the most common and costly problems that homeowners are forced to deal with. Natural disasters like floods and hurricanes can destroy your property, while broken appliances, pipes, and storm drains can fill your house with water and leave sewage, rot, and mold behind.
Identity theft is widespread problem: approximately two out of every five Americans has had their identity stolen or knows someone who is a victim of identity theft, according to a recent Bankrate.com study. If a stranger, family member, or friend uses your personal information to make unauthorized purchases, identity theft coverage can help you repair your credit and pay for related expenses.
General liability insurance protects contractors from lawsuits that arise because of problems with their work. Sometimes those problems are obvious and can easily be reported to their insurance company; on the other hand, those problems could remain hidden for years.