When it comes to selecting an auto insurance policy, you may get confused. The line between a personal vehicle and a commercial vehicle can sometimes be unclear. So you need to understand the two insurance policies in brief. In this article, we will clarify the...
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An escrow account is a third-party account, mostly opened by your mortgage lender, to keep track of payments concerning the property you financed, including the property’s taxes, insurance payments, association dues, etc. You will usually have an escrow account if you have a mortgage. If...
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Car insurance will only cover mechanical problems resulting from covered perils (accidents and collisions), provided you have comprehensive and collision coverages. If you don’t have these coverages, you can buy a separate mechanical breakdown insurance policy to stay covered against all types of mechanical problems,...
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After being closed for nearly two years due to pandemic-induced lockdown, businesses have now reopened with limited employees and some restrictions concerning safety precautions. However, they still cannot work with peace of mind because of the recent events of vandalism, looting, and riots from protests. Business...
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Once you purchase a second home or a vacation home, the best way to protect your property from unseen external factors is to get a homeowners insurance policy. The type of policy needed for your vacation home is similar to that of a primary home...
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If you’re self-employed and carry health insurance, you are entitled to a health insurance tax deduction. You can use this deduction to reduce your insurance costs as well as your tax burden. Read on to learn more. What Health Insurance Expenses Can I Deduct on Taxes? With...
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Families with life insurance policies get financial benefits when a policyholder dies. It can help protect against financial disruption, especially if your family depends on you for income. But do you know what a life insurance critical or chronic illness rider is? If not, then...
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Flood insurance is something that you don't know you need until something happens. At that point, it's too late, and you are stuck paying for all of the damages out of pocket. Flooding can occur almost anywhere there is low-lying land. This means every state...
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Boats are unique assets. Thousands of people operate their boats during warm seasons to get away and spend time with their loved ones. However, there are multiple risks to consider while you are out on the water. Boat insurance protects you from such risks. Figuring...
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If a homeowner buys an insurance policy, they believe that they are getting the coverage needed to protect their home and belongings. We often take it for granted that common risks like plumbing issues would be covered. The truth is, that many common risks aren't...
Continue ReadingAt RMS and associated firms, business continues as usual. Our staff is remote-capable and available to handle all partners, brokers, and insureds at the present time. Contact us today!Executive Order for Policyholder Payments