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Personal Insurance

Apr 17

How to Deal with Rising Homeowners Insurance Rates

By Personal Insurance
Home insurance is a critical financial safety net, protecting one of your most valuable assets. But this essential service is becoming noticeably pricier. A recent report by Insurify indicated that Michigan is expected to experience the third-largest surge in homeowners insurance rates in the country in 2024 on a percentage basis, with an anticipated rise of 14%. There are numerous factors causing this uptick, but there are also ways to help you mitigate rising prices. Kapnick can help. (more…)
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Apr 11

Kapnick Insurance Announces Strategic Merger with Heidi Kussurelis Agency

By Kapnick News, Personal Insurance
Kapnick Insurance, a premier insurance provider renowned for its 75-year legacy of excellence, is proud to announce its strategic merger with the respected Heidi Kussurelis Agency (HKA). This unification marks a pivotal advancement in our mission to deliver top-tier personal insurance solutions and outstanding client service. "This acquisition represents a strategic step forward for both companies and aligns perfectly with our broader vision of delivering exceptional service and comprehensive solutions while remaining independent," states Jim Kapnick, Chief Executive Officer of Kapnick Insurance. Rooted deeply in community and shared values, both Kapnick Insurance and HKA reaffirm their allegiance to independent business…
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Feb 26

Protecting Your Investments Against the Sudden Threat of Water Damage

By Personal Insurance
In the ever-changing tides of the property market, one constant threat looms large for homeowners and business proprietors alike—a threat that remains largely underestimated: water damage. While the specter of burglary or fire may capture more headlines, the statistics reveal a startling reality: properties are six times more likely to suffer from water damage than from theft and seven times more than from fire. At Kapnick Insurance, we understand the severity of this issue and are committed to empowering our clients with knowledge and solutions to safeguard their investments. (more…)
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Nov 22

Winter Safety Tips for Homeowners in Michigan

By Personal Insurance
Winter in Michigan can be a picturesque wonderland, but it also brings challenges for homeowners. Ensuring the safety and integrity of your home during this harsh season is paramount. This blog post provides a detailed roadmap on winter safety measures that can help protect your home and loved ones.   Preparing Your Home for Winter Before winter's arrival, some preparatory steps are essential for the safety and efficiency of your home.   Inspect Your Home's Exterior for Damage Damage to your home's exterior can exacerbate when exposed to winter conditions. Therefore, a thorough inspection of the roof, siding and foundation…
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Sep 20

Personal Cyber Insurance: Your Shield in the Digital World

By Personal Insurance
In today's digital age, our lives are interwoven with technology. From smart devices and online transactions to social interactions and remote work, we rely heavily on digital platforms. While this brings convenience, it also introduces new risks. Cybercrimes such as fraud, identity theft, data breaches, and cyberbullying have become increasingly prevalent. At Kapnick, we understand these challenges and are committed to ensuring your peace of mind in the digital sphere, including offer home cyber insurance coverage option to our clients. These solutions are designed to provide comprehensive protection against a wide range of cyber threats. (more…)
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Jul 28

Navigating the Complex World of D&O Policies with Kapnick: A Case Study

By Insurance, Personal Insurance, Risk Solutions, Specialty Risk
Protecting Your Assets with Kapnick's Unique Approach: A Case Study A private client, invited to join a for-profit company board, faced a dilemma. The company's D&O policy didn't offer enough protection, and the client didn't want to risk personal assets. The company couldn't afford to increase their D&O coverage, and the client's personal policy didn't provide enough cover. The stakes were high - private company D&O claims can cost around $700,000 on average. A solution was needed, and quickly. This is where Kapnick shined. The team at Kapnick Risk Services collaborated with private client experts to craft an independent D&O…
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May 26
Older latinx couple kayaking

Financial Risks for Women in Retirement

By Personal Insurance
Retirement is an important and exciting time for many individuals, but it can also be a source of financial risk. Women are particularly at risk due to factors such as longer life expectancies, higher healthcare costs, and widowhood. By understanding the challenges and having a plan in place, women can ensure that their retirement years are secure, comfortable, and rewarding.  ​​ (more…)
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Apr 20

Don’t Let Storms Catch You Unprepared

By Personal Insurance
Each year, weather-related disasters affect the lives of hundreds of thousands of people. Fires, floods, earthquakes, and man-made disasters are only a few of the many different forms of emergencies. Basic services like electricity, gas, water, sewage treatment, and telephone service could be interrupted for days, even weeks. You might not have immediate access to local responders, or they might need to direct their attention (more…)
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Apr 19
Woman Building Brick Path Home Improvements - GettyImages-1351328558_1200x800

Remodeling? Review your homeowner’s policy!

By Personal Insurance
As a homeowner, you need to protect your investment, especially after a remodel. The following tips will help you ensure you have the coverage you need—eliminating worry and additional hassles. Review Your Homeowner's Policy Limits Make sure that your home has sufficient coverage if you’ve remodeled, made an addition, or purchased an expensive item for your home. (more…)
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