AC Insurance, Author at AC Insurance Services

The 3 Parties That Make Up A Surety Bond

Surety is common in agreements where a party questions whether the counterparty will meet all requirements. The party may expect the counterparty to present a guarantor to decrease risk. In this case, the guarantor will enter into a suretyship contract.

This seeks to decrease risk to the lender and this might decrease the interest rates for the borrower. A surety can be in form of a surety bond-a legally binding agreement between three parties. These bonds seek to protect private or public interests from a third party’s actions.

They offer financial guarantees that the completion of agreements and other business deals will occur in mutual terms. Furthermore, they protect government entities and consumers from malpractice and fraud. Here’s what you should know about the parties that make up this bond.

8 Benefits Of Boat Insurance

Whether you’re thinking of buying a boat or you’ve been a keen boater for years, it’s vital you familiarize yourself with the advantages of boat insurance. Even though boat accidents might not occur as often as vehicle accidents, it’s just as critical to protecting your vessel as you do your vehicle in case of a loss.

Remember, purchasing a boat is a huge investment that goes beyond your craft’s purchase price. You wouldn’t purchase a vehicle without thinking about its protection against theft or damage.

Therefore, you shouldn’t ignore this important aspect as a boat owner. If you’re still debating whether to invest in this financial product, here’s a list of benefits you can expect.

Why You Need To Insure Your Ride For A Teenager Driver

March 14, 2018
AC Insurance
Auto Insurance

Vehicle insurance is an essential cost for anybody who seeks the pleasure and privilege of driving a vehicle. Parents of teens have to make a huge decision when their children attain teenagehood and discover how to drive.

Once teenagers obtain an official driver’s license, they need insurance like adults. For your teenager, driving is an exciting move towards freedom and independence but at the same time, it comes with the considerable responsibility of driving a machine that could cause a lot of damage if the teen doesn’t drive appropriately and carefully.

As a parent, you have two options from which to ensure your child has proper insurance. You can add the teenager to your current policy or simply buy a separate cover for the teen. Although it will increase the premium, here’s a list of benefits of including teenagers to your vehicle insurance policy.

4 Wind Mitigation Insurance Features That Can Save You Money

February 28, 2018
AC Insurance
Home Insurance

If you reside in Florida, you’re probably familiar with Wind Mitigation Insurance. Numerous property owners obtain associated inspections to evaluate their homes’ preparedness in resisting the consequences of windstorm damage.

In Florida, homeowners can obtain a discount on their policy if they meet certain criteria. Furthermore, a certified wind inspector must examine the home in order to be eligible for the discounts.

If you’re looking to save money on your insurance, consider including these mitigation features in your home.