What Is Artisans Insurance?
If you're a carpenter, plumber, electrician, mechanic, mason, or any other sort of skilled artisan contractor, you probably qualify for artisan's insurance.
You may have heard of this type of insurance before as it’s sometimes referred to as contractor’s insurance. So, if you’re an artisan or contractor asking yourself, “what is artisan’s insurance,” know that it is very similar to contractor’s insurance.
So why call it something different? Because artisan’s insurance is a different product than contractor’s insurance and it’s sold through different insurance companies in different states. Understandably, this can be confusing to a contractor who just wants to make sure they are properly insured.
What Is Artisan's Insurance and Why You Need It..?
According to the CDC, vehicle crashes are the leading cause of death for teens in the U.S. Make sure your child is truly prepared on the road with these helpful tips.
Pools require a surprising amount of maintenance, so if a pool is part of your rental property, it’s important to know who’s in charge of maintenance.
It’s not just about whether the pool looks good, it’s about hygiene and safety. Landlords should consider these issues carefully before handing over the keys. Our agency welcomes the opportunity to review your current insurance and point out possible gaps in coverage.
What Can Go Wrong?
A poorly maintained pool creates liabilities for the landlord and can make the property on which it’s located a less desirable place to live. It can affect children, neighbors, and renters alike.
A landlord renting a property with a swimming pool can potentially be liable for any death or injury that results from people using the pool. Landlords have a duty to keep their properties safe for habitation, and if an accident happens, a court can hold a landlord negligent for failing to rectify a known dangerous condition, such as slippery decking material or a broken fence.
This doesn’t mean the landlord is responsible for every accident that happens around a pool. Renters can also be negligent if they fail to keep the fence locked and the pool deck clear of obstructions, especially if the landlord has provided them with a safety brochure, which is a must-do. The landlord is probably responsible, however, if all the following conditions are met:
With burglaries constituting approximately 50 percent of all on-campus crimes, it's important for college students and their parents take steps to prevent theft, adhere to safety measures—and review their insurance coverage.
Campus coverage basics
It's best to consult one of our insurance professionals for the details of your family's specific coverage and where you might need additional protections, but here are some general guidelines:
Most homeowner’s insurance policies provide coverage for your personal possessions for approximately 50 percent to 70 percent of the amount of insurance you have on the structure of your home. So, if you have $100,000 worth of coverage on the structure of your home, you would be covered for $50,000 to $70,000 worth of the contents of your home, depending on the policy.
The best way to determine if this is enough coverage is to conduct a home inventory, which details everything you own and the estimated cost to replace these items if they are stolen or destroyed by a disaster. Keep your home inventory in a safe place if you have physical copies; or store it in the Cloud if you are using a home inventory app.
You can insure your possessions in two ways: by their actual cash value or their replacement cost. Make sure you review with one of our insurance agents which type of coverage is best for your situation.
Actual cash value policy
This coverage pays the cost of replacing your belongings minus depreciation.
Replacement cost policy
This coverage reimburses you for the full current cost of replacing your belongings.
To illustrate the difference between the two types of policies, suppose, for example, a fire destroys a 10-year-old television set in your living room. If you have a replacement cost policy for the contents of your home, the insurance company will pay to replace the TV with a comparable new one. If you have an actual cash value policy, it will pay only a small percentage of the cost of a new TV set because the old TV has been used for 10 years and is now worth a lot less than its original cost. Some replacement cost policies specify that the new item be purchased by the insurance company as they may be able to purchase at a bulk or special rate. The price of replacement cost coverage is about 10 percent more than that of actual cash value.