Insurance Blog

Please read and comment on our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

 

August 4th, 2017 by 5 Boroughs Insurance Agency

Does Your Auto Insurance Cover Air Conditioning?

Driving a car with no A/C can be miserable during the hot summer months, particularly during a heatwave. As important as it is to your comfort and that of your passengers, automotive air conditioning can be expensive to repair or replace when it breaks down or malfunctions. In many cases, when the A/C malfunctions, it is considered normal wear-and-tear and not covered by auto insurance... Read Article

5 Behaviors That Can Raise Your Life Insurance Premiums

Your hobbies, lifestyle, and overall health impact how much you pay for life insurance. For example, if you have decided to take up scuba diving, mountain climbing, rock climbing, BASE jumping or decide that you want to get involved in skydiving, these activities will affect the cost of your policy. Essentially, your life insurance policy is a legal contract between you and the company that... Read Article

Since 2000, home insurance rates have gone up faster than the price of a new car, a home and even the cost of visiting a doctor.

Why home insurance rates are skyrocketing — and no one’s noticed (imagedepotpro/Getty Images) BY Dan Karr DAILY NEWS CONTRIBUTOR Tuesday, June 13, 2017, 3:00 PM     Since the millennium, home insurance rates have gone up faster than the cost of a new car, the price of a home, even faster than the cost of visiting a doctor. The unfortunate truth is that from 2000... Read Article

The Importance of Key Person Insurance for a Startup

If you are the founder of a startup, chances are that you and your co-founders live and breathe the business, and without you, the enterprise would not exist. That is why key person insurance is essential for your startup. What Is Key Person Insurance? Think of it as life insurance for your company. While a regular life insurance policy is designed to compensate the spouse... Read Article

Are You Liable for a Cyber Attack?

As more and more aspects of business are carried out and stored using the internet and cloud-based technologies, potentially sensitive information becomes more vulnerable to the threat of cyber attacks and security breaches that take place electronically. Such attacks can be costly, both immediately and in the long term, and unless you specifically have a cyber liability insurance plan, your enterprise could be forced to... Read Article