Entries by kingsgateinsur

Uncovering the benefits of surety bonds

Surety bonds are essential for many businesses. They provide financial protection and ensure contractual obligations are met on various projects. Surety bonds create a three-way relationship between the principal, the obligee, and the surety. The members of this three-way relationship can be defined as follows. Principal – The party that purchases the bond and is obligated […]

Understanding Deductibles & Coinsurance

A deductible is the initial amount you cover for healthcare services before your health plan contributes. For those in good health without pre-existing conditions, selecting a plan with a higher deductible could be beneficial. Choosing a high-deductible plan offers the following advantages: Low deductibles are better suited for scenarios requiring extensive medical care due to […]

Crop Insurance 101: Multi-Peril Crop Insurance (MPCI) Products

Farmland owners and cash-renters have many options to consider when creating a risk management plan. Crop insurance is a key route to explore. The Federal Crop Insurance Corporation (FCIC) provides crop coverage via Multi-Peril Crop Insurance (MPCI). Crop yield losses can be protected against by insuring a certain percentage of historical crop production. Below are […]

Why Is Travel Health Insurance Important?

Take a few minutes to learn about Travel Insurance With GeoBlue Travel. Having healthcare coverage accessible regardless of your location is a consideration that many overlook. It is essential to be prepared for unexpected events that life may present, ensuring that you receive proper care when needed, especially while traveling. By securing this plan, you […]

Five common appliances that cause house fires

Our homes today are filled with electronics and appliances that make our lives easier and provide us with entertainment. DVD players, big-screen TVs, video game systems, and cable/satellite TV boxes overload our electrical outlets and fill up our entertainment centers. If you bought a new appliance lately, you’ll see that technology has also changed them. […]

Crop Insurance 101: Price Discovery Periods

Multi-Peril Crop Insurance (MPCI) is a federal product, premium is universal between all Approved Insurance Providers (AIPs). USDA’s Risk Management Agency (RMA) recalibrates crop insurance protection based on expected commodity prices and risk in the market. Revenue Protection (RP) policies use market prices and individual yields to calculate the revenue coverage and guarantee. The market […]

The importance of jewelry insurance

Whether you’re newly engaged, celebrating a milestone anniversary, or the recipient of a Valentine’s day gift, insuring and caring for your jewelry is important. While jewelry is created to bring enjoyment and happiness for a lifetime, it’s no different than our other possessions. Everyday wear and tear can cause damage to it, especially if you […]

Manson Fire Department Selected as 2023 Community Contest Winner, presented by IMT Insurance

Kingsgate Insurance’s Annie Hyink (pictured right) presented Manson Fire Chief John Colshan (pictured left) a $1,000 check after Manson Fire Department – Wildland Fire Equipment Updates/Replacement was selected as a 2023 Community Contest $1,000 winner presented by IMT Insurance. IMT takes pride in establishing deep roots and relationships in our communities. Together, our values of […]