Carvo Financial Group

What is Personal Umbrella Insurance

A: Personal Umbrella Insurance is an additional layer of liability protection that goes beyond the limits of your standard auto, home, or renters insurance policies. It’s designed to protect your assets and future earnings if you’re held liable for a major claim or lawsuit. For example, if you are found at fault in a serious […]
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Does Personal Auto Insurance Cover Rental Cars

A: Yes, in most cases, your personal auto insurance policy will cover a rental car just as it would your own vehicle. However, the extent of coverage depends on your specific policy, and there are some nuances to consider. Generally, if your personal auto insurance includes collision and comprehensive coverage, these protections will extend to […]
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What is Renters Insurance

A: Renters insurance is a type of insurance policy designed to protect tenants who are renting a home or apartment. It provides coverage for personal belongings, liability protection, and additional living expenses in the event of a covered incident, such as theft, fire, or water damage. Unlike homeowner’s insurance, which covers the structure of the […]
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Renters Insurance Definition What You Need to Know

If you’re renting a home or apartment, you may wonder whether you need insurance. The answer is yes! Renters insurance is a crucial form of protection for anyone who rents their living space. At Carvo Insurance Group, we want to help you understand what renters insurance is and why it’s essential. Below, we answer common […]
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Is Workers’ Compensation Taxable? A Guide from Carvo Insurance Group

Q: Is Workers’ Compensation considered taxable income? A: No, in most cases, workers’ compensation benefits are not considered taxable income. If you receive workers’ compensation due to a work-related injury or illness, those benefits are generally exempt from federal and state taxes. This includes both medical benefits and wage replacement payments. Q: Are there any […]
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