Personal Insurance | Power Risk Management & Insurance

Understanding Life Insurance – What Makes Sense for You and Your Family

Tom Klonowski — Thu, 06 Apr 2023 00:22:50 +0000

Life insurance is a financial tool that provides a lump sum payment to your loved ones in the event of your untimely death. Although most don’t want to discuss the sensitive subject, purchasing life insurance can be essential in securing your family’s financial future. In this blog, we will explore why and when you should […]

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What are the Personal Risks of Serving on a Board of Directors

Sam Quijano — Sat, 04 Mar 2023 01:32:34 +0000

Serving on a non-profit or paid board of directors can be a fulfilling and rewarding experience. It allows you to make a difference in the community or industry you care about, network with other professionals, and develop leadership skills. However, being a board member also comes with personal liability and fiduciary risks that you should […]

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Property Owners: Insurance Red Flags You need to be aware of

Tom Klonowski — Sat, 11 Feb 2023 00:03:39 +0000

Whether you are a first-time homebuyer, buying your dream vacation home or just looking to switch insurance carriers – securing a homeowner’s insurance policy that will give you peace of mind is crucial! There are several red flags that could prevent you from getting a favorable insurance quote. Understanding these red flags and how to […]

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Insuring Valuable Jewelry

Steve Mikuzis — Thu, 12 Jan 2023 00:16:28 +0000

Whether you own a piece of heirloom jewelry or a valuable vintage watch collection – you should know the value and have the proper insurance to cover it in case of theft or loss. At Power Risk Management we offer several options to ensure your valuable jewelry is protected. What you need to know about […]

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Managing your Claims after a Catastrophic Weather Event

Steve Mikuzis — Thu, 08 Dec 2022 00:56:02 +0000

Catastrophic weather events in the United States are on the rise – hurricanes, wildfires, tornadoes, ice storms – all cause significant property damage to owners. The toll is both financial and emotional for individuals dealing with the aftermath. Here are some tips to help you get through the insurance claims process a bit easier […]

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Property Insurance: Matching Exclusions – what are they?

Steve Mikuzis — Thu, 08 Dec 2022 00:47:00 +0000

Most property insurance policies contain a provision that obligates the carrier to “repair or replace and insured’s damaged property with material of LIKE KIND and QUALITY or with SIMILAR MATERIAL. For all intents and purposes this is fine it’s when there is a specific “matching exclusion” that things get tricky. Let’s break it down using […]

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Holiday Safety

Steve Mikuzis — Sat, 03 Dec 2022 21:04:00 +0000

By Tom Klonowski Let’s keep everyone safe this holiday season! The holidays are a time for family and friends to be together and celebrate, but they are also the time of year we see far too many insurance claims come across our desk here at Power Risk Management. From kitchen and full up house fires, […]

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