Bush Thompson Insurance | Powered by Beck Partners
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SBA Announces Simpler PPP Loan Forgiveness Application

The Small Business Administration (SBA) and the U.S. Department of Treasury (Treasury) recently released a simpler Paycheck Protection Program (PPP) Loan Forgiveness Application Form 3508S and instructions. This updated, simple two-page application is for borrowers of $50,000 or less, and is not for use by borrowers who received PPP loans totaling $2 million or more […]

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Beware of This New Text Scam Involving Stimulus Checks

The tax industry, state tax agencies and the IRS are warning taxpayers about a new scam that criminals are using to try to trick people into disclosing their bank account information in order to receive an Economic Impact Payment, or as it’s commonly referred to, a stimulus check. What’s the Scam? In this new scam, […]

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Property Claim Instructions

Protect property from further damage. Cover the property if it is exposed to the elements. Make temporary repairs, if reasonable and necessary, to protect the property from further damage. Maintain a record of all expenses incurred. Separate damaged from undamaged personal property. Take photos of damage (if possible). Prepare an inventory of damaged person property. […]

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2020 Hurricane Season: Are You Prepared?

Hurricanes are capable of producing winds in excess of 155 miles per hour and causing catastrophic damage to coastlines and several hundred miles inland. Additionally, hurricanes can also lead to storm surges along the coast and cause extensive damage from heavy rainfall.

Saying “I do” Changes Everything

My daughter, Leslie, recently married a nice young man named Clifton. (I call him “Chester,” but that story is for another day!) I had the honor and thrill to walk Leslie down the aisle and when I did that I wore the same U.S. Army Dress Blue uniform that I wore 32 years ago when […]

Leased Vehicles -Liability Limits Required

When someone leases a vehicle from a company such as Ford Motor Credit or GMAC, the leasing company (lessor) generally requires the person leasing the vehicle (lessee) to maintain higher limits of liability coverage. If certain limits of liability are maintained by the lessee then the leasing company is not considered to be the owner […]

Use of credit reports and credit scores by insurers.

(1) The purpose of this section is to regulate and limit the use of credit reports and credit scores by insurers for underwriting and rating purposes. This section applies only to personal lines motor vehicle insurance and personal lines residential insurance, which includes homeowners, mobile home owners’ dwelling, tenants, condominium unit owners, cooperative unit owners, […]

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HOW ARE MY HOME RATES DETERMINED?

Ever wonder why you pay hundreds of dollars more for your home insurance than someone you know across town who owns a home you feel is very similar to yours?  Here are a few of the factors that make up the way premiums are influenced and why they vary so much from home to home…. […]

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HOW ARE MY AUTO RATES DETERMINED?

Ever wonder why you pay twice as much for your car insurance than your neighbor or  your brother?  You have an old car, he has a new one; so what’s the difference?  Here are a few of the factors that make up the way premiums are influenced and why they vary so much from person […]

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COMMON AUTO INSURANCE TERMS

ACTUAL CASH VALUE:  The amount paid for property damage losses, usually equal to the cost of replacing the damaged vehicle, minus depreciation for wear and tear. ANTI-THEFT DEVICE:  A device, either active or passive, that attempts to prevent vehicle theft.  A passive device is one that turns on automatically.  An active device is one that […]