Entries by kingsgateinsur

How Much Coverage Do You Need? Loan Amount VS Insured Amount

Deciphering loan contracts and insurance policies can be difficult, and figuring out the difference between loan amounts and insured amounts can be complicated. However, understanding the difference is critical in obtaining the right protection. Here’s what you need to know. Loan Versus Insured Amount The term “loan amount” refers to the amount of money you […]

Crop Insurance 101: Hail Plan Comparison

Crop-Hail insurance, coverage against physical damage from hail, is available through a variety of private products. These policies provide coverage on an acre-by-acre basis which means damage to only one part of the field may be eligible for payment. Below are the highlights of some policies to consider. Crop-Fire Basic Hail Deductible Hail Companion Hail […]

Navigating the Homeowners Insurance Marketplace in 2023

Homeowners insurance continues to be one of the essential types of coverage acquired and maintained by Americans in 2023. However, while these policies may be integral components of homeowners’ insurance portfolios, being common should not be mistaken for uncomplicated. Prospective and current policyholders should remain apprised of recent economic patterns and relevant industry trends to […]

Crop Insurance 101: Crop-Hail Insurance

Policies written specifically for hail risk are called Crop-Hail Insurance policies. These programs are designed to cover gaps left by Multi-Peril Crop Insurance (MPCI). Learn more about MPCI here. Crop-Hail insurance provides coverage to crops on a per acre basis. Though the primary peril insured against in Crop-Hail insurance is hail, coverage can be added […]

Understanding Your Insurance Deductible

Are you confused by the term deductible? A deductible on a homeowners, condo, or renters policy is important as it helps policyholders cover losses affordably. Here’s how it works.  How an insurance policy deductible works for you The deductible on an insurance policy is the sum of money a policyholder must pay before your insurance […]

Managing Cyber Risks in a Down Economy

To help minimize growing inflation concerns that have spanned across industry lines over the past few years, the Federal Reserve (Fed) has steadily been hiking up interest rates. Economic experts predict the Fed’s efforts will eventually pay off in 2023, with inflation issues subsiding throughout the year. Yet, some experts have forecasted that rising interest […]