Commercial Crime Insurance

Commercial Crime Insurance. Graphic of the word crime.

Business owners may believe they only need basic commercial insurance coverage, but it’s wise to investigate obtaining coverage for a commercial crime insurance policy. Even with the most trusted of employees managing and operating your business, can you afford to take the chance? Commercial Crime Insurance Real-Life Example In May 2020, our team at Mason-McBride […]

Material Misrepresentation in Insurance

Photo of legal scales and judge gavel. Material misrepresentation in insurance.

Material misrepresentation in insurance happens, even if it’s accidental. It’s important to properly document and disclose accurate facts when obtaining or renewing insurance policies. Otherwise, you could be in danger of material misrepresentation, leading to possible issues if you ever have to settle an insurance policy dispute. We have two examples of recent court cases […]

Replacement Cost of Your Home: New Factors

Photo of home exterior

When your homeowner’s insurance policy renews, there are a few factors to keep in mind about the replacement cost of your home. You may see an increase in your replacement cost from your carrier this year. So, we are providing a deeper dive into the reasons for the possible increases. Reasons for Possible Increases in […]

American Rescue Plan Act; Provisions Affecting Employers

The American Rescue Plan Act photo of American flag

The American Rescue Plan Act (ARPA) was signed into law by President Joe Biden on March 11, 2021. Here is an overview of three temporary provisions affecting employers. These provisions are effective April 1, 2021.   COBRA Premiums — Extended Subsidies Assistance Eligible Individuals (AEIs) who lost health coverage (including dental and vision coverage) due […]

Spring Home Safety Checklist

Photo of backyard deck in springtime.

Spring is arriving soon and before you can enjoy the blooming and flowers and singing birds, take some time to do some home safety maintenance projects that’ll keep your home in great shape for the coming warmer weather. This spring home safety checklist can help you get started and keep you from forgetting anything important! […]

Independent Insurance Agents Day

Independent Insurance Agents Day

Michigan Governor Gretchen Whitmer has proclaimed February 25, 2021, as Independent Insurance Agents Day! At Mason-McBride, we’re proud to be independent insurance agents and serve our commercial lines, personal lines, and group benefits clients! Here is how the proclamation reads: WHEREAS, we join with the Michigan Association of Insurance Agents to applaud the entrepreneurial spirit […]

Demonstration of Insurance Policies as Contracts

Demonstration of insurance policies as contracts. Man holding home mini model.

Insurance policies are in fact contracts. All contracts, including insurance policies, contain rights and duties. A recent Michigan Court of Appeals case demonstrates that insurance policies are contracts. In the case of Fabatz v. Auto-Owners, December 17, 2020, Fabatz made an addition to their home in early 2017 at a cost of $150,000. The insurance […]

Protecting Your Building for Winter Vacancy

Photo of winter city street

It’s typical to prepare for the cold and snow as a part of your winter maintenance routine. But things might look a little different this year if your building is vacant or only partially occupied because of COVID-19 or another reason. However, any changes in occupancy should not affect the care and management of your […]

Temporary Rules for Flexible Spending Accounts

Temporary Rules for Flexible Spending Accounts

There are new temporary rules for Flexible Spending Accounts (FSAs).  President Trump signed the Consolidated Appropriations Act of 2021 into law on December 27, 2020. The Act provides temporary special rules for health and dependent care flexible spending accounts (FSAs) that give employees additional time to use these funds. Change in Election Amounts Employees are also able […]

Value Replacement Cost vs. Market Value

insurance-to-value replacement cost. Picture of man holding a small house with paperwork in front of him.

Today, we’ll discuss insurance-to-value replacement cost vs. market value.  Every homeowner needs home insurance. But, this type of insurance can be confusing and leave you asking questions. With defining terms such as insurance-to-value replacement cost, reconstruction cost, and market value, homeowners might be comparing these definitions to the current market value of their homes. The […]

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