What Should You Do With Your Pennies? Here Are the Best Options
📰 Curated Industry Article This is a summary of a full article from a trusted financial publication. Click “Read Full Article” below to read the complete story. The penny is officially on its way out. The U.S. Mint stopped producing new 1-cent coins in November 2025, ending a long-running debate driven largely by negative seigniorage […]
Is Your Home Essential Coverage Protecting Against Floods?
Direct answer No, standard homeowners insurance policies exclude damage caused by rising water from external sources like overflowing rivers, storm surges, or flash floods; you would need a separate policy from the National Flood Insurance Program (NFIP) or a private insurer for that coverage. National Flood Insurance Program (NFIP) coverage guidelines and standard policy exclusion […]
Proven Ways To Secure Denied Water Claims
Direct answer Yes, you can appeal a denial if you have evidence that the damage resulted from a covered peril, such as a burst pipe, rather than an excluded event like gradual seepage or flood. It depends on the specific language in your policy regarding maintenance requirements and the source of the water infiltration. Standard […]
Essential Tips to Protect Your Exclusive Art Collection
Direct answer No, because standard homeowners policies typically have low sub-limits for high-value items, meaning you likely need a separate ‘scheduled personal property’ endorsement or a dedicated collectibles policy to cover the full market value. Standard ISO homeowners insurance policy forms defining personal property coverage sub-limits and exclusions. For additional information about how standard policies […]
Essential Guide: Does Homeowners Insurance Protect Basements
Direct answer No, standard homeowners insurance policies almost universally exclude damage caused by rising surface water, heavy rain, or flash floods; you would need a separate flood insurance policy for this coverage. Federal Emergency Management Agency (FEMA) guidelines on the distinction between water damage and flood insurance. For additional information about the distinction between water […]
Essential Steps To Fix Denied Out-Of-Network Claims
Direct answer Claims are often denied because the provider does not have a contract with your specific insurance plan, meaning your policy does not cover their negotiated rates. It depends on whether your plan includes ‘out-of-network’ benefits or if the services provided were deemed emergency care, which federal law may protect. Federal and state regulatory […]
Protect Your Valuable Coin Collection: Expert Tips
Direct answer No, standard homeowners policies typically have low sub-limits for collectibles like coins, meaning most of your collection would remain unprotected in the event of theft or damage. You generally need a scheduled personal property endorsement or a separate inland marine policy to ensure full replacement value coverage. Standard homeowners insurance policy declarations and […]
Complete Guide to Exclusive Art Insurance Costs
Direct answer It depends on the total appraised value of the collection, the security measures at your storage location, and the specific risk profile of the art pieces. Generally, premiums are calculated as a percentage of the total appraised value, typically ranging from 0.5% to 1.5% annually. Professional appraisal association standards and specialized fine arts […]
Essential Tips to Protect Your Rare Coin Collection Cost
Direct answer It depends on the total appraised value of the collection and the specific security measures in place, typically ranging from 0.5% to 1.5% of the total insured value annually. Average insurance industry premium-to-value ratio data for specialized personal property inland marine policies. For additional information about how specialized coverage works for valuable items, […]
Global Indemnity Reveals Proven Q3 Growth Strategy
📰 Curated Industry Article This is a summary of a full article from a trusted financial publication. Click “Read Full Article” below to read the complete story. Global Indemnity Group, LLC (GBLI), a specialty property and casualty (P&C) insurance holding company, has announced its financial results for the third quarter of 2026, reporting $8.9 million […]
