Monthly Archives: | January, 2015

Arkansas Club Owner Loses Commercial Property Insurance Appeal

When it comes to finding the best insurance services, most people are focused on finding the lowest premiums and reasonable deductibles. As a result, they will likely spend most of their time looking at free insurance quotes for homeowner insurance rates, car insurance rates and more. However, while affordable insurance is an understandable priority, it is just as important to make sure your coverage provides sufficient protection. A club owner in Arkansas recently learned this lesson after an appeals court ruled his commercial property insurance company had no obligation to defend him in an ongoing civil suit. Anthony George of Bentonville, AK is the former owner of the Heart and Soul LLC, which operated the PNC Club. Like many clubs, the company regularly rented out their location for events. However, at an event on February 5, 2012, a gunman fired into the crowd, injuring several people. Two of the wounded, Ricotta Lambert and Neca Scarber, later filed suit against George, his LLC, and several unnamed parties, claiming that George and the Heart and Soul LLC were negligent in protecting them. They are currently seeking compensation and punitive damages in an ongoing legal case. At the time of the shooting, the

The 3 Most Important Aspects of Choosing Renters Insurance Coverage

You might think that renting, instead of buying, your living space means that your landlord’s insurance has you covered. While that’s true for the actual building you live in, it’s not true for all of your belongings. If your possessions are stolen or ruined by flood or fire, you’re out of luck. That’s why there’s special home insurance for renters, called — predictably enough — renters insurance. Most home insurance providers also offer renters insurance policies, and all the regular insurance tips like shopping around for cheap renters insurance quotes and reading the fine print on the policy apply. But there are a few things in particular you’ll want to keep in mind: Decide What Kind of Coverage You Want You’ll need to make a basic choice when it comes to renters insurance between actual value coverage and replacement cost coverage. With the first, you’d only be paid what your belongings are worth at the time they’re lost. That means the original purchasing price minus depreciation. Replacement cost value, on the other hand, pays you what you would need to replace the items. The latter will cost a bit more per month, but is often a much better value. Take