There are three primary components of auto insurance. Depending on where you live, some may be mandatory and others may be optional. Liability — Pays expenses related to bodily injury to another person or property damage caused by your vehicle Comprehensive — Reimburses any damage or replacement required for your own vehicle due to incidents […]
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Many American families have an accumulation of stuff in their homes: gasoline cans, spare oil, half-containers of antifreeze, fertilizer, yard pesticides and other materials all compressed together into one poorly ventilated space. This creates the perfect conditions for vapors, chemical reactions and combustibles like cardboard boxes to accumulate, heat up and ignite. As you think […]
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Let’s talk about replacement cost. What does that mean? If there was a loss what would the cost be to rebuild your home, to replace it? This amount is usually very different from a tax valuation or the market value; causing confusion for home buyers when obtaining a comprehensive homeowners policy. We’ll break it down […]
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Midcoast Maine has recently been battered by a series of powerful storms with damaging winds. Many residents lost power or are pleasantly surprised that they didn’t. Driving around you cannot help but notice many felled trees, but also the tree service crews that are a welcome sight. Does Homeowner’s Insurance Cover Tree Damage? There is […]
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If you’re not 100% sure what the difference is between whole life and term life insurance, you’re not alone. For many, it’s enough to know that term life insurance is generally cheaper. But cost isn’t the whole story. To help you decide which is best for you and your family, read on to learn the […]
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Most of us don’t spend much time dealing with life insurance; it’s a “get it and forget it” kind of product. And since life insurance often seems complicated, it’s not surprising that we get some of the details wrong. Here are five misconceptions that many people have about life insurance — and the truths to […]
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Med Pay? PIP? Dec pages? Insurance terms, explained With all kinds of different coverages for all kinds of different needs, insurance can be very confusing. And to make it even more challenging, at times it probably seems like insurance websites and policy documents are written in a completely foreign language. Of course, that’s why we […]
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The winter months in Maine can be tough. Driving in snow, sleet, freezing rain and ice becomes something of the norm. These conditions increase risk of fatal car crashes by 34 percent. It usually takes a few storms before you can comfortably get your bearings back when on the road. Why not take a look […]
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My co-worker recently heard from a childhood friend thanking her for recommending Loan and Lease Coverage. Her friend was involved in an accident which totaled her car. Thankfully there were no serious injuries. However, the payout she received from her insurance company was less than what she owed on her loan and this coverage kicked […]
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Supposing you were asked to sit down right now and, from memory, write a list of everything of value or importance in your home. That would include everything from jewelry and clothing, through computers and appliances, to furnishings. How well do you think you’d do? Experience suggests you’d overlook some major items. Yet, that is […]
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