The summer of 2022 may see the first boom in destination travel since the onset of the COVID-19 pandemic. Many individuals and families have been stockpiling vacation funds for two years and now as restrictions lift and anxieties ease, find themselves eager to embark on luxury vacations. At the same time inflation is on the rise, meaning that the cost of travel today has eclipsed similar costs in 2019—the last summer during which travelers could move about the world unencumbered.
Homeowners who shepherded construction projects during the last couple of years faced skyrocketing material and labor costs—a persistent challenge that appears to be lingering into 2022. In fact, in March, the National Association of Home Builders (NAHB) reported that construction materials prices have risen 8% since the start of January.
What brought you to the insurance industry and eventually to Eastern Insurance?
When your life changes, so should your insurance policy. Aside from an annual renewal, there are several instances throughout the year when you may want to take a second look at your policy and make some amendments with your agent. Making a major purchase, re-locating, expanding your family, and even completing some DIY projects around your home are all events when your current coverage may not be enough. An insurance review can provide peace of mind in knowing that your family and your assets are protected should the unexpected happen.
Home insurance claims are filed 365 days a year, but did you know that 51% of them are filed in the winter months? From frozen pipes to slips and falls, wind damage, and more, your risk of experiencing an accident is more likely from December through March in New England. The best way to reduce your risk is to take preventative measures and always be mindful of potential dangers.
Whether you just made your first big purchase and need to obtain an auto insurance policy, or you’ve been working with your local agent for decades, there is a lot of insurance jargon written into your policy that you may not be familiar with. The first step in understanding your coverage and making sure it fully suits your needs is to learn the language.
In 2009, there were 12.4 million ransomware attacks reported. In 2021, that number has skyrocketed to 812.67 million, with 92% coming through email. As we continuously shift to a technology-driven society, these numbers are only expected to rise along with the cost to individuals and businesses who fall victim to an attack.
When you purchase a new home, it’s standard practice to buy homeowners insurance, as it is usually a requirement from your mortgage company. However, when it comes to renting, only 37% of renters are insured. Why is it that so many people choose to forego this important financial safety net?
On average, a boat can cost anywhere from a few thousand dollars to upwards of six figures, depending on the type of boat you purchase. Aside from the boat itself, owners will likely also have to pay for mooring fees, towing fees, gas, and storage during the winter months. With such a large investment, you’ll want to ensure you have the proper protection in the event of theft, damage, or an accident.
As New Englanders, we know all too well that at the end of each winter, roadways are left with damage from months of ice, freezing rain, and fluctuating temperatures. These conditions create cracks that eventually turn into potholes under the weight of passing cars above. If you’re not careful, driving over a single pothole can cause up to thousands of dollars in damage to your vehicle.