Most of us will never own a Picasso or a Rembrandt. But we may own (or someday own) a pricey piece of art. And that brings up the issue of how to insure fine art.
When you think of separately insuring a pricey item, many people think of engagement rings and other kinds of jewelry. But extra coverage can also come in handy for anything from a valuable stamp collection to an expensive fur to—you guessed it—fine art.
Typically, your art coverage is included in your personal property limit on your homeowners policy or renters policy. That should be sufficient for the vast majority of people who own fine art.
Yet maybe you inherited or bought a piece by a real master. If that’s the case, you’ll want to consider a separate endorsement for your fine art.
Even if your fine art is covered under your homeowners or renters policy, you may still want to endorse it under your policy.… Read More
What Keeps You Awake at Night?
If you are a landlord, perhaps you’d like to rent to people with pets, but the implications worry you too much. In fact, concern about what could happen keeps you awake at night. You imagine that new hardwood floor scratched to pieces, antisocial barking, and tenants with a vicious dog that refuse to leave. Then there is your worst nightmare of the dog attacking another tenant and you being liable. But you can stop worrying because by following these five simple steps, you can rent to pet owners and rest easy.
Advantages of Pet-Owning Tenants
There is a large pool of responsible people out there with good, regular income who are desperately seeking accommodation just like yours. You’d be happy to rent to them, right? If the only thing stopping you is their pet, think again.
Statistics show that pet owners are more likely to have a good, regular income than non-pet owners, and that pet owners are more commonly long-term tenants who move less frequently.… Read More
Most homebuyers opt to buy a home that already exists. But maybe you’re thinking of buying a home that’s being constructed—either by you or by a contractor of your choice.
If you plan on moving into a home that doesn’t yet exist, there’s more to it than finding the right contractor. You’ll also want to insure the home while it’s being constructed. That’s because a home being constructed is also vulnerable to risks like severe weather damage and theft.
“There are several ways to insure a home being constructed,” says Terry McConnell, vice president, Personal Lines Underwriting, at Erie Insurance. “It mostly depends on who is building the house: a contractor working on behalf of a developer, a contractor hired by an individual or an individual looking to build his or her own home.”
If it’s a contractor working on behalf of a developer
McConnell explains that a contractor working as a developer typically has a builder’s risk commercial policy while the home is under construction.… Read More
As a restaurant owner, what you need in restaurant insurance probably includes coverage for your building, your business personal property, the personal property of others in your care, liability and employee on-the-job injuries.
And that is probably just the beginning since restaurants face some pretty unique risks. Below are some common industry risks that can help you think about what you need in restaurant insurance. Not every insurer or policy offers coverage for each one, so it’s important to have an idea of what you really need in restaurant insurance when you’re shopping for coverage.
A few of the other coverages that restaurant owners often need include coverage for property damage related to an off-premises utility failure; employee dishonesty and theft; sewer and drain backup; and dish and glass breakage.
As you can see, restaurant insurance is important—and complex. To get some peace of mind about your coverage, it’s important to speak with an insurance professional.… Read More
(773) 843-3333
hello@4myins.com
Most of us will never own a Picasso or a Rembrandt. But we may own (or someday own) a pricey piece of art. And that brings up the issue of how to insure fine art.
When you think of separately insuring a pricey item, many people think of engagement rings and other kinds of jewelry. But extra coverage can also come in handy for anything from a valuable stamp collection to an expensive fur to—you guessed it—fine art.
Typically, your art coverage is included in your personal property limit on your homeowners policy or renters policy. That should be sufficient for the vast majority of people who own fine art.
Yet maybe you inherited or bought a piece by a real master. If that’s the case, you’ll want to consider a separate endorsement for your fine art.
Even if your fine art is covered under your homeowners or renters policy, you may still want to endorse it under your policy.… Read More
What Keeps You Awake at Night?
If you are a landlord, perhaps you’d like to rent to people with pets, but the implications worry you too much. In fact, concern about what could happen keeps you awake at night. You imagine that new hardwood floor scratched to pieces, antisocial barking, and tenants with a vicious dog that refuse to leave. Then there is your worst nightmare of the dog attacking another tenant and you being liable. But you can stop worrying because by following these five simple steps, you can rent to pet owners and rest easy.
Advantages of Pet-Owning Tenants
There is a large pool of responsible people out there with good, regular income who are desperately seeking accommodation just like yours. You’d be happy to rent to them, right? If the only thing stopping you is their pet, think again.
Statistics show that pet owners are more likely to have a good, regular income than non-pet owners, and that pet owners are more commonly long-term tenants who move less frequently.… 
A few of the other coverages that restaurant owners often need include coverage for property damage related to an off-premises utility failure; employee dishonesty and theft; sewer and drain backup; and dish and glass breakage.
As you can see, restaurant insurance is important—and complex. To get some peace of mind about your coverage, it’s important to speak with an insurance professional.…