Month: November 2024

Who Carries Builders Risk Insurance?

Q: What is builders risk insurance? A: Builders risk insurance is a specialized policy designed to cover buildings under construction. It protects against damages caused by events like fire, theft, vandalism, and certain weather-related incidents. The coverage typically extends to the structure, materials, and equipment on-site. Q: Who needs to carry builders risk insurance? A: […]
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Medicare and Social Security: What You Need to Know

Medicare and Social Security are two pillars of the U.S. social safety net, but understanding how they work together can be a challenge. In this Q&A-style blog, we’ll address the most common questions about Medicare and Social Security, and how Carvo Insurance Group can help you navigate the process with ease through instant online quotes, […]
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Employer Benefits for Remote Workers: What You Need to Know

As remote work continues to redefine the modern workplace, employers must adapt their benefits packages to meet the evolving needs of their teams. Offering tailored benefits for remote workers not only improves employee satisfaction but also enhances retention and productivity. In this Q&A-style blog post, we explore the essentials of remote worker benefits and how […]
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Is Personal Umbrella Insurance Tax Deductible?

Q: What is personal umbrella insurance? A: Personal umbrella insurance is additional liability coverage that protects you from major claims and lawsuits. It extends beyond the limits of your regular homeowners, auto, or boat insurance policies. This type of policy provides an extra layer of protection for your personal assets, like your home, savings, and […]
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Understanding Auto Insurance for Commute vs. Personal Use

Q: What’s the difference between commute and personal use in auto insurance? A: The main difference lies in how you use your vehicle. “Commute” use is when you drive your vehicle regularly to and from work, while “personal” use is for all other non-work-related activities, such as errands, trips, or leisure activities. Many insurance companies […]
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Renters Insurance for Storage Units: Do You Need Coverage?

Q: Does renters insurance cover belongings in a storage unit? A: Yes, most renters insurance policies extend coverage to items stored in storage units, often covering theft, fire, and water damage. However, coverage limits for items in storage are usually lower than for those in your primary residence. If you’re storing high-value items, you may […]
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Homeowners Insurance vs. Landlord Insurance: What’s the Difference

Q: What is the primary difference between homeowners insurance and landlord insurance? A: Homeowners insurance is designed to protect an owner-occupied property, covering both the structure and personal belongings within the home. It includes liability coverage for accidents that might occur on the property. Landlord insurance, on the other hand, is tailored for properties rented […]
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Understanding Workers’ Compensation in Virginia: Essential Protection for Your Business

Q: What is workers’ compensation insurance, and why is it important in Virginia? A: Workers’ compensation insurance provides financial protection for both employers and employees in the event of work-related injuries or illnesses. In Virginia, as in most states, it’s required by law for most businesses. This coverage helps pay for medical expenses, lost wages, […]
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Exploring Life Insurance with Living Benefits: Protecting Today and Tomorrow

Life insurance is often thought of as a financial tool for protecting loved ones after you’re gone. However, with life insurance policies offering living benefits, you can access financial assistance during your lifetime, giving you additional security and flexibility. Here, we answer some common questions about life insurance with living benefits and how it could […]
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