May 12, 2025
AgencyHow Insurance Companies Handle Total Loss Gap Coverage
When a vehicle is declared a total loss due to an accident, theft or other covered incidents, the financial implications can be daunting, especially if the car’s value is less than the remaining loan or lease balance. This is where gap insurance comes into play, offering crucial support to bridge the financial gap. Understanding Gap […]
April 25, 2025
AgencyHow to Get the Best Auto Insurance Rates as a New Driver
For new drivers, it’s essential to understand why rates tend to be higher for those without much experience behind the wheel. Insurers often base their rates on a combination of factors, and one of the most significant for new drivers is the perceived risk. Younger drivers and those without a safe driving history may be […]
March 31, 2025
Salvador Insurance AgencyTypes of Surety Bonds in Illinois
Surety bonds play a crucial role in the business landscape, providing a financial guarantee that obligations will be met. For businesses in Illinois, understanding the different types of surety bonds can help ensure compliance with state regulations and build trust with clients and partners. What Are Surety Bonds? A surety bond typically entails a three-party […]
March 19, 2025
Salvador Insurance AgencyCyber Insurance: Why Every Small Business Needs It
When you think about cyber threats, you might picture a large corporation battling a data breach, not a small construction firm, local brewery or veterinary clinic. But here’s the reality—cybercriminals don’t just go after the big guys. In fact, small businesses are often prime targets because they typically have fewer security resources. If your business […]
February 28, 2025
Salvador Insurance AgencyWhat Are the Benefits of Commercial Umbrella Insurance?
In today’s increasingly litigious business environment, safeguarding your company against unforeseen liabilities is more crucial than ever. Commercial umbrella insurance offers a vital layer of protection, extending beyond the limits of your existing policies. Understanding the benefits of commercial umbrella insurance can help you make informed decisions to secure your business’s future. Benefits of Commercial […]
January 31, 2025
Salvador Insurance AgencyWhat’s the Difference Between Replacement Cost and Actual Cash Value?
Home insurance is a crucial part of responsible homeownership. The right policy can make all the difference in the wake of accidents, criminal activity and some natural disasters. However, while you likely understand the importance of home insurance and how it can help you recoup losses and repair or rebuild your home, there are various […]
December 31, 2024
Salvador Insurance AgencyAre Service Lines Covered by Homeowners Insurance in Illinois?
Homeowners insurance is often a crucial safeguard for property owners, providing financial protection against many common risks and perils. While these policies may cover many aspects of your home, when it comes to service lines, such as water, sewer and gas lines, coverage under a standard homeowners insurance policy in Illinois can be complicated. What […]
November 14, 2024
Salvador Insurance AgencyWhat Is the Difference Between Fixed and Percentage Deductibles?
When it comes to insurance policies, understanding the type of deductible you have is crucial. Deductibles are the amount you pay out-of-pocket before your insurance kicks in. However, while this may seem like a simple concept, your payments may be calculated in various ways. Two common types are fixed deductibles and percentage deductibles, each with […]
November 6, 2024
Salvador Insurance AgencyWhat Happens If My Neighbor’s Tree Falls in My Yard?
For the most part, homeowners are responsible for what falls into their own yard. So, if a storm causes your neighbor’s tree to fall in your yard, your homeowners insurance could help cover the cost of removing the tree and remedying the damage it caused on your property, after your deductible. The same is true […]