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Amity Insurance Newsletter – May 25, 2010

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Featured Articles

Don’t Forget the Risks of Car Sharing
If you live in an urban area, owning a car can be both expensive and a hassle. Finding a parking spot may rival finding Osama Bin Laden in its difficulty. Paying for parking can leave a major hole in your wallet. Due to the sheer number of drivers on the road, insurance costs tend to be higher in large cities…more »

Building Your Child’s Financial Character
As millions of baby boomers in the United States rapidly approach old age, experts predict the number of long-term care patients will double over the next 30 years. What does that mean for you? It means that if you don’t have a long-term care plan in place, you and your family may have to face some tough choices down the road. Read on to learn why a long-term care plan is critical for every baby boomer…more »

You Might Not Have Coverage for ‘Impaired Property’
A contractor gets a job to install the systems that will control the bank of eight elevators in a new 20-story hotel. The contractor obtains the components from the distributor, installs them without any problems, and moves onto the next job. However, prior to opening, the hotel’s owners find that none of the elevators are working…more »

Review Your Business Interruption Coverage So You Can Stay in Business
Business interruption insurance is like disability insurance for a business. Disability insurance covers some of a person’s lost income when she is sick and unable to work. Business interruption insurance covers a business’s lost income when a fire, explosion, or some other peril causes it to shut down temporarily…more »

Did You Know?
Similar to people needing Disability Insurance to cover their lost income when sick or unable to work, businesses also need insurance to cover lost income when a fire, explosion, or some other peril causes it to shut down temporarily.
Contact an Amity Team Member to learn about your coverage options.