There is a new Rhode Island legislation (Residential Landlord and Tenant Act; R.I. Gen. Laws § 34-18-58) that may affect your rental properties. As of 10/01/2024, all RI rental unit owners are now required to register their properties with the Rhode Island Rental Registry: https://www.rentalregistry.ri.gov/ Registering your rental property is not just a legal requirement […]
What is a “hard market” in insurance? A hard market means insurance companies are raising rates and restricting their capacity – their willingness to accept new or increased risk – to insure families and businesses, making it more expensive and difficult to get the coverage you need. Insurers, too, buy insurance, called reinsurance, to transfer […]
Being involved in a car accident is a traumatic experience, but it can be even more overwhelming if the at-fault driver is uninsured or underinsured. In such cases, having uninsured motorist bodily injury (UMBI) insurance can be a lifesaver. This article explores the significance of UMBI insurance, highlighting its role in protecting you and your […]
Having liability insurance is a crucial aspect of responsible financial planning, but the reality is that many people often underestimate the risks of not having high enough liability insurance. In the event of a serious accident or injury, not having enough liability coverage can result in financial ruin for the uninsured party. In this blog […]
When shopping for insurance coverage, you may come across the term “waiver of subrogation.” This clause is often included in property and liability insurance policies and can have a significant impact on the insured’s rights and obligations in the event of a loss. Let’s what a waiver of subrogation entails and what it means for […]
As a business owner, you understand how important it is to protect your assets. Whether you run a small delivery service or a large transportation company, you’ve invested significant time, energy, and money into your operation. As a result, it’s essential to safeguard your vehicles, employees, and customers by having commercial auto insurance. But how […]
Auto insurance policies can be complicated, with many different types of coverage and limits to sift through. However, even if you’re new to the world of car insurance, you’ve probably heard of split limits and combined single limits. These are two common ways of structuring liability coverage in car insurance policies, and they have some […]
Not all insurance agents are the same! Choosing the right one can make a big difference – in price, service, and value. Being an adult can be overwhelming. You’ve got big decisions to make, money to figure out, and a social life to manage. Plus, you’ve got to figure out a way to get more […]
The cost to rebuild your home is its replacement value. This can be very different from the estimated market value or actual purchase price. In most cases, it costs more to rebuild the home you own than to buy a new one. Rhode Island | Massachusetts – How much home insurance is right for you? […]