A quick question for all the cottagers out there: what’s the difference between a bear and a skunk? When it comes to seasonal property insurance, it’s about more than their physical differences – damage done to your cottage by bears is probably covered, while damage done by skunks probably isn’t.
The onus is on you to prevent losses or damage to your property – and if a loss can be easily prevented, it may not be covered. So, if you forget to tie up your boat and it goes out with the tide, for example, you’re probably out of luck. Damage or loss caused by things outside of your control (not things you could prevent) will most likely be covered by your policy.
In the bears vs. skunk scenario, the idea is that you could prevent a critter from entering your home by taking some simple precautions – but keeping a bear out might not be so easy.
If you leave your cottage unattended for an extended period of time, losses or damages might not be covered. Seasonal properties need to be checked regularly for safety and security. In fact, most insurance companies have a maximum number of days you can be away before coverage could be denied (60 days, for example).
So, if you haven’t checked on your cottage over the winter months and the roof collapses due to snow load, you might have to cover those damages out of pocket. That’s because if you had checked on your property more regularly, removing the snow could have prevented the roof from collapsing.
Make sure you’re checking and maintaining your property, even if it’s not prime cottage season. And don’t forget to confirm with your insurance company or broker just how many days the property can be left unattended. Your claim could be denied if you’ve left your property unattended for too long.
Renting out your cottage could void your insurance policy if it’s not permitted by your insurer. While you won’t necessarily need to pay a higher premium or take out commercial coverage for occasionally renting out your seasonal property, you do need to tell your insurance company or broker. If you don’t and your renters cause damage, it may not be covered by your policy.
Water damage, not fire or theft, is the most common type of insurance claim. If you’re using your cottage year-round, think about installing temperature and water alarms to notify you remotely of potential frozen pipes or flooding. If you close your property in the cooler months, don’t forget to shut off the water supply and drain your pipes, and consider using a monitored alarm or make arrangements for someone to check your property when you’re away to avoid water damage – doing so could even save you money on the premium.
That old boat you don’t care about could cost you big money. Even if you think it isn’t worth insuring your boat against theft or damage, getting liability protection on it is essential. If you don’t and it causes harm to someone or something, you’ll be on the hook for any injuries or damages. The same goes for other toys around your property that wouldn’t be covered by your seasonal property insurance policy, like ATVs and snowmobiles.
If they present the potential to cause damage or injuries, they should be insured for liability.
Want to learn more about your seasonal property insurance policy or update your coverage? Contact one of the brokers or CSRs at DPM Insurance Group at the office nearest you. Click here to connect with one today: https://dpmins.com/locations/
Source: Economical Insurance
Global supply chains have been under pressure since early 2020 due to the COVID-19 pandemic. While many manufacturers have bounced back, the automotive industry continues to suffer from the effects. As a result, many new vehicles and specific car parts aren’t as readily available as they used to be, which can present issues for drivers and insurers alike when it’s time to make a car insurance claim.
Why is the manufacturing of new cars and car parts so delayed?
While the onset of the pandemic led to temporary automotive plant closures in early 2020, other factors continue to contribute to ongoing supply chain issues in the auto industry today. One of those factors is a global shortage of semiconductor chips.
A semiconductor chip plays an important role in many modern vehicles. Pandemic-related auto plant closures and an increase in demand for electronics that contain semiconductor chips, among other issues, have contributed to shortages of this essential item. As a result, vehicle manufacturers are unable to release new vehicles to dealerships quickly enough to keep up with demand.
But it’s not just car dealerships that are having issued. The auto parts and repair industries are facing challenges, too. The price of steel and other materials has spiked during the pandemic, delays in transportation has led to a shortage of parts, and many workplaces are still dealing with workforce shortages. As a result of these challenges, vehicle parts aren’t coming in as quickly as they used to, they’re much more expensive, and auto shops may not always have the manpower they need to complete prompt repairs.
How could supply chain issues affect me when making a car insurance claim?
If you have to make a car insurance claim, you could feel the effects of these supply chain disruptions in a variety of ways:
If your insurer determines your car is a write-off, finding a replacement vehicle might be a challenge, as there aren’t as many new cars available to drive off the lot. Many dealers have to place orders to have new vehicles shipped in and the wait times can be substantial, depending on the make and model.
If you’re being reimbursed for the actual cash value of your current vehicle and you’re looking to upgrade to a brand new vehicle of a similar make and model, you may experience sticker shock when shopping for a new car. Due to a lack of availability and an increase in cost for materials like steel, the price of new cars has increased significantly over the past two years.
If your car simply needs to be repaired, you might discover that it will be at the repair shop for a while – instead of a week, your car could be out of commission for a month or more, depending on when the required parts come in.
If you are covered for transportation replacement under your car insurance policy, you’ll be covered for the cost of a rental while you’re stuck without your vehicle. However, most car insurance policies have a limit on how many days you can keep a rental. Reach out to your broker to find out how many days of rental car coverage are included in your policy and what will happen if you’re stuck without your vehicle for longer than your coverage allows.
If you’ve recently been involved in a collision and have questions about the claims process or how you might be affected by supply chain issues, reach out to one of the brokers or CSRs at DPM Insurance Group. Click here to find the DPM Insurance office closest to you: https://dpmins.com/locations/
Source: Economical Insurance
Maybe you just bought a new car or pickup. Maybe you’re switching insurance providers. Whatever the case you’re going to need a variety of documents on hand when you take out your policy. Save yourself some frustration by ensuring you have everything on the list below ready before you start.
Vehicle ownership permit. In order to insure your vehicle, you need to provide the vehicle identification number (VIN) and prove that you’re the registered owner of the vehicle. Your vehicle permit will also include your licence plate number.
Lease or lienholder agreement. If you are leasing or financing your vehicle, you will need the name and address of the company providing the lease or loan, as well as the date of purchase. They will be listed on the policy.
Full name and licence number of each driver in the household. Each person that has a driver’s licence in the household should be listed on the vehicle insurance policy. Even if some drivers never end up driving the car, it’s best to cover your bases. If a driver in the household is not listed as a secondary driver and gets into a collision, your coverage or insurance rate may be affected.
Driver education certificate. If you have recently completed an accredited driver education course, it is a good idea to bring your certificate with you if you’re purchasing a policy in person. Some insurance companies will offer you a discount off your auto premium.
Current insurance policy. If you are changing insurance companies, you will need the name of your current provider, policy number, and expiry date of your policy.
Claims history. As part of the application process, you will be asked questions about your claims history. For example, what type of claims you’ve made in the past, how much was paid on them, and the date of each claim.
Driving record of each driver. Your broker will likely check your driving record with something called a driver’s abstract, which can include details like your traffic tickets, demerit points, and licence suspensions. However, your provider may also ask for your three-year driving record. To obtain one you can visit the Ministry of Transportation of your province. There may be a fee associated with this.
A void cheque or credit card number. If you will be paying monthly car insurance installments, you may be asked to provide a void cheque for withdrawal. Or you may be able to pay by credit card.
Down payment by way of cash, credit, or cheque. You will likely be asked to place a down payment on your auto insurance policy if you are going to be paying monthly.
If you’re in the market for car insurance, the brokers and CSRs at DPM insurance Group are here to help. We will work with you to ensure the process goes smoothly and that you fully understand the protection you’re purchasing so there won’t be any surprises if you ever need to make a claim. Click here to find the office nearest you: https://dpmins.com/locations/
We’ve touched on this topic before, because the world of insurance can be a confusing place sometimes, and it doesn’t help when there are plenty of myths people spread under the guise of trying to be helpful with “advice”. But Insurance misconceptions can be costly, with homeowners either purchasing the wrong coverage or overpaying for their policy. Here’s some common myths in the insurance world.
Your home needs to be insured for the purchase price
Several factors determine the market value of a home, including the value of the land, the popularity of the neighbourhood, and even the view. But homes are insured for their replacement value, which does not include the land or the view, or anything other than the structures on the property and their contents. So, a home should be insured for replacement cost, not market value.
Water damage is covered under a basic policy
The truth is that only some forms of water damage are covered by home insurance policies. For example, if a burst pipe causes sudden water damage, the damage will most likely be covered. But gradual water damage that happens because of poor maintenance is not covered. You can also receive coverage for a sewer back-up, but only if you add this endorsement to your policy. (It’s optional, and you’ll have to pay for it.)
Overland flooding coverage is another form of water damage protection you can add to your policy. This optional coverage is best suited for those who live near fresh bodies of water that could overflow onto the property.
Home insurance covers safety upgrades
If your roof is getting old, or a tree is dying and poses a risk of falling, home insurance is not meant to cover wear and tear or prevent losses. It exists to return a home to a pre-loss state after an unexpected occurrence, such as a fire or theft. Maintenance of the home is the homeowner’s responsibility and not part of the insurance coverage.
Natural disaster-related damage is always covered
Yes, there are several kinds of nature and weather-related damage that is covered under a home insurance policy, but not everything is. Wind, lightning, and hail damage may be covered, while earthquakes are generally not. It depends on the terms of the policy. Extra coverage is usually required to account for all potential natural disasters. It’s important to be aware of the covered perils and exclusions to understand what you’re protected against.
All personal property in the home is fully insured
Your home insurance policy has contents coverage for personal property, but there are limits and exclusions. High-value items, such as jewelry, fine art, musical instruments, and electronics usually have a per-item coverage cap. To cover these items to the extent of their full value, additional coverage may be required. It’s also important to note that business equipment owned by a company is not generally covered under a home policy, depending on how often you work from home. A business equipment endorsement may be needed for full home office coverage.
It’s important for homeowners to fully understand what is and is not covered, and obtain any needed additional coverage, endorsements, or riders to protect themselves as they see fit. If you’d like some assistance making sense of it all, want to review your current policy, or just want a quote for coverage, the brokers and CSRS at DPM Insurance Group are always available to assist you. Click here to find the location nearest you: https://dpmins.com/locations/
Your company more than likely has business insurance to survive certain unexpected challenges. Without the right insurance, a theft or fire can cause devastating losses while a personal injury lawsuit can leave you struggling just to pay the legal fees.
Despite these facts, many small business owners don’t take the time to evaluate their needs and get the appropriate coverage in place. As well, we often think of commercial insurance claims as coming from disastrous, unusual events. But the reality is that small business insurance claims are a common part of doing business.
Which claims are the most common? And what insurance coverages can help protect your small business?
Burglary and theft. Burglary and theft claims include internal theft by employees as well as break-ins. In fact, 42% of inventory loss in stores is caused by employee theft.
Water-related damage. Damage from water to businesses can come from snow, flooding, freezing temperatures and burst pipes.
Wind and hail damage. When strong winds and hail damage commercial property, it can be detrimental for not just the business but the property owner as well.
Fire damage. According to the Insurance Information Institute, a structure fire occurs every 64 seconds in North America. In 2018, structure fires not related to wildfire caused $11.1 billion in property damage.
Customer slips and falls. Slip and falls are a common cause of injuries sustained by customers of small businesses.
In addition to the most frequent claims, these claims were determined to be the costliest – listed in descending order based on severity. The dollar amounts reflect the average claim size.
- Reputational harm: $50,000
- Vehicular accident: $45,000
- Product liability: $35,000
- Customer injury or damage: $30,000
- Wind and hail damage: $26,000
- Customer slips and falls: $20,000
- Water and freezing damage: $17,000
- Struck by an object: $10,000
- Burglary and theft: $8,000
Here are the key takeaways regarding business claims and their severity:
- About 40% of small business owners will sustain a loss within the next 10 years.
- Claims vary in frequency and severity. Burglary and theft claims have a high frequency and low severity. The reverse is true for reputational damage claims.
- Claims occur more frequently than many business owners realize.
- Many claims can be prevented through proper risk management.
DPM Insurance Group sources coverage for businesses of all sizes across all industries. Contact one of our brokers or CSRs if you would like to discuss your business insurance needs and customize a policy that’s right for you: https://dpmins.com/locations/
Small businesses need insurance just as much as any large corporation would. Accidents and unexpected events can happen to anyone. When these incidents occur, insurance is there to help protect your business financially. And because every business is unique, your insurance coverage should suit your business’s needs. Here are some considerations to evaluate as you begin to think about the insurance that your small business needs.
The Industry: Every industry is different. Some industries have more innate physical risk involved, while others may be more prone to digital threats. It’s essential to consider the industry you are in and how those risks can impact your business. For instance, if you are a small software company, you might need more cyber liability coverage. If you own a delivery service, then commercial auto insurance is obviously essential. Assessing your industry and the risks involved is a good stop to figuring out what coverage is best for your business.
Your Employees: Do you have employees? How many do you have? How can you keep them safe on the job? These are questions to think about as you shop around for insurance. Your employees are crucial to your company’s success and having the right insurance coverage can help protect them. While having workers comp is required, you can also consider various safety precautions, training, and insurance coverage to help ensure their wellbeing.
The Physical Location of Your Business: Your business’s location can affect insurance as well. If you have a physical location, then consider getting commercial property insurance coverage. However, the local climate may also have an impact. For instance, if you are at risk for flooding, then a flood insurance policy could be handy. Some coverages are not included in your general liability coverage, so you may need separate coverage to help protect your small business from those perils.
The Types of Customers: What types of customers do you serve and how can they impact your insurance needs? If you work with clients, then you might consider getting Errors and Omissions insurance. This type of coverage helps pay for lawsuits associated with work mistakes, undelivered services, or negligent services. Meanwhile, if you are a retail business, general liability coverage would be an important coverage to have. Maybe your business is completely digital and you want to make sure that your customer’s online private data is safe. In that case, cyber insurance is worth thinking about.
Talk to a Broker: Talking to an insurance broker is a great way to assess your needs. They can help you figure out the types of insurance coverage you need to help protect your business. There are plenty of options when it comes to small business insurance, and a broker can help you navigate it. Proper coverage can make a huge difference in the event you face a lawsuit.
As a small business owner who has consistently paid their insurance premiums, it can be a shock to have a claim denied and have to pay out of pocket when you experience a loss. These are the most common mistakes small business owners make:
Failing to understand covered perils
Insurance policies cover specific “perils” only. Business owners may believe they are covered when a facility is damaged by flood, fire, or other natural disasters – but this may not prove to be true. You need to know what your policy covers and understanding the nuances isn’t always easy. Talk to an insurance broker and ensure you fully understand what is covered, what is not, and put a policy in place to fill the gaps.
Failing to File a Claim Quickly
If you wait too long to file a claim, it makes the entire process far more difficult and can lead to having a claim denied. Rather than attempting to repair your restaurant, call your insurance provider so an adjuster is dispatched to your facility as quickly as possible after the event.
Failing to Fully Document the Damage
Ensure you take pictures and videos of every area that was damaged. The details of damaged equipment, inventory, or goods must be very thorough. Keep a log of your conversations with your insurance company, and copies of any correspondence. Your insurance company is far more likely to pay what you deserve under the terms of your policy when the losses are thoroughly documented.
Discarding Damaged Goods
If you throw away the damaged goods, you may lose the ability to recover compensation for the loss. You have taken images and video but must retain the damaged goods so that the insurance company can confirm the losses.
You may believe you are at fault in some way if someone was injured on your property. Never admit fault as this could cause your insurance company to deny your claim. Allow the investigation into what happened to proceed without admitting fault.
Failing to Cooperate with your Insurer
Your policy will state that you must cooperate in the investigation into what occurred. When they ask for documentation, you need to be prepared to send it to them in a timely manner, including video, pictures, and receipts. If you wait or fail to send this information, your claim may be denied, or it will take far longer for any claim payment to arrive.
Paying Claims Out of Pocket
If a customer slips and falls and is injured on your property, you may feel inclined to pay their medical bills – a mistake. Your insurance policy will not reimburse you when you try to recover the cost. Many policies bar policyholders from making these payments, and if you do, your claim could be denied.
Your Business Insurance
You need to understand your business coverage, and the brokers and CSRs at DPM Insurance Group can review your policies to ensure you have the coverage you need, at the lowest rates possible.
Cases of catalytic converter theft are still increasing across Canada, and drivers who discover that their catalytic converter has been stolen may struggle to have the expensive part replaced due to widespread supply chain issues.
What is a catalytic converter?
Your car’s exhaust produces harmful chemicals like hydrocarbons, carbon monoxide, and nitrogen oxides, which are damaging to the atmosphere if released into the air. The catalytic converter is part of your car’s exhaust system and is responsible for changing those harmful chemicals into water vapour and carbon dioxide before they’re released. Since 1993, all newly manufactured cars have been required to have catalytic converters connected to their exhausts.
Why do thieves steal catalytic converters?
Catalytic converters contain trace amounts of metals like platinum, palladium, and rhodium. Thanks to these precious metals, thieves can typically make hundreds of dollars by selling catalytic converters to scrap metal dealers. Since catalytic converters are commonly unmarked, they can’t be traced back to individual vehicles, which makes them easy to sell.
Catalytic converters are also relatively easy for thieves to steal – since catalytic converters are found near a car’s exhaust outlet, they’re easily accessible for thieves to unbolt or even cut out from underneath a car in just minutes. Trucks and SUVs are even more likely to be targeted since they’re higher off the ground, allowing thieves to crawl under them without needing a jack.
How can I protect my car from catalytic converter theft?
Thieves steal catalytic converters because they’re easy to access and contain precious metals they can easily sell. Take these steps to make it less convenient for a thief to steal the catalytic converter from your vehicle so they leave it alone:
- Park the back of your car as close to a wall or garage door as possible so thieves can’t squeeze in and under your car to reach the catalytic converter.
- Install a catalytic converter protection device. This steel cage is installed around the converter and requires extra tools and time to remove.
- If you have more than one vehicle, park the ones with higher ground clearance (like trucks and SUVs) behind ones with lower ground clearance (like sedans).
- Consider having a mechanic engrave your car’s VIN onto your catalytic converter so it’s easier to trace back to your vehicle and riskier for a thief to try to sell it.
- If your car has an alarm, increase its sensitivity by following the instructions in your owner’s manual so it can sense if your car is being tampered with.
Does my car insurance policy cover catalytic converter theft?
A stolen catalytic converter can cost up to $2,500 to replace, which is a hefty price to pay out of pocket. If your car insurance policy includes comprehensive coverage, then your insurer will likely pay to replace a stolen catalytic converter and repair any related damage caused by its removal, minus the cost of your deductible and any betterment charges.
But it’s worth noting that even if your repairs are covered, you may be stuck waiting for a new catalytic converter to arrive, as supply chain issues are causing delays in shipments around the globe. To be prepared, reach out to your broker to find out whether catalytic converter theft would be covered under your policy, as well as if your policy includes rental car coverage to keep you on the road if you’re stuck waiting for a repair.
Whether you’ve inherited your great-grandfather’s gold pocket watch or scored a unique antique end table at an estate sale, consider these tips to protect your new piece and make sure it’ll be covered by your home insurance in an emergency.
Store your antiques above ground
Sewer backups, sump pump failures, and other water-related events tend to start in the basement – meaning anything you store down there is at risk of being damaged if water gets where it doesn’t belong. Basements also tend to be more humid than the rest of the house, which can be harmful. Avoid keeping valuable antiques and sentimental items like heirlooms in the basement.
Control the environment
As items get older, they’re more susceptible to damage from fluctuations in temperature and humidity. When there’s not enough humidity, items made from materials like wood and paper can shrink, crack, or become brittle – and when there’s too much moisture, mould can start to develop and wooden items can swell.
Antiques can also be damaged when exposed to extreme temperature fluctuations (which might occur if you store them in the attic or garage, for example). Antiques should be kept in a controlled environment whenever possible – not too cold, not too hot, and with a balanced humidity level.
Be careful with cleaning products
While it might be tempting to go to town on your antique dining room chairs with a disinfectant wipe after an especially sticky visit from the grandkids, think twice before using harsh chemicals on your antiques. Always use a mild cleaning solution, like dish soap mixed with water, or none at all – depending on the item, you may be able to opt for just a buffing cloth instead. You should also do some research to find out if you should clean a specific item at all, as certain antique items (especially made from silver or bronze) can actually decrease in value when you remove some of the natural patina.
Different types of antiques require different types of TLC. To make sure you’re giving an item the care it needs, try to get some advice from a professional antiques dealer.
Insurance for your antiques and heirlooms
Most home, tenant, and condo insurance policies have a maximum limit of coverage for certain types of specialty belongings, including antiques, which is outlined in your policy documents. When the value of your belongings in these specialty categories is higher than the limits in your policy, you’ll need to make a change to your policy.
Have your antiques appraised
The best way to make sure a specific item will be covered under your home insurance is to get it appraised by a professional and have it scheduled in your policy. To find out the true value of a specific item, you’ll need to take it to a professional appraiser. You should keep the appraiser’s report on hand even after you’ve scheduled the item in your policy. Before you take your antiques to an appraiser:
- Ask for recommendations from people you trust
- Research the appraiser’s credentials and make sure they’re certified
- Remember, you get what you pay for – if an appraiser offers their services for free, their work might not be of the same quality that you’d get from one who charges a reasonable rate for a job well done
Once you’ve found out the value of the item, ask your broker about scheduling it in your policy for its appraised value.
Ask about ‘actual cash value’ coverage
Many home insurance policies are set up to pay claims on a replacement cost basis, meaning the amount you’ll be paid is equal to the cost you’d need to replace that item with a new, similar product of like kind and quality. While this will make sense for the majority of items in your home, it would be awfully disappointing if the amount you were offered for your hundred-year-old grandfather clock was equivalent to the cost of a new clock. Learn the difference between actual cash value and replacement cost and make sure you ask about actual cash value coverage for your antiques.
Find out what’s not covered when insuring your antiques
Most home insurance policies exclude damage caused by pests, wear and tear, accidental breakage, sudden change in humidity or temperature, repeated leakage or seepage of water, intentional acts, or lack of maintenance. When you’re having your antiques scheduled in your policy, it’s a good idea to review your policy’s exclusions so you know what won’t be covered.
Want to make a change to your insurance coverage or schedule a new antique item in your policy? Reach out to one of the brokers or CSRs at DPM Insurance Group today. We have six offices in Windsor-Essex and Chatham-Kent. Click here to find the one nearest you: https://dpmins.com/locations/
There are about 24,000 house fires each year in Canada, resulting in an average of 377 deaths and 3,048 injuries per year.
According to the most recent statistics on fire incidents from Statistics Canada, structural fires are the most common type of fire incident and represent an average of 60% of all fires. Residential fires are the most common type of structural fire and in terms of fire-related deaths, Statistics Canada 87% of fire deaths resulted from structural fires and between 87%-95% of structural fire deaths occurred as a result of a home fire.
Most home fires happen when an open flame or heat source is left unsupervised. The three most common causes overall include leaving your hot stove or burning candles unattended, or failing to butt out a cigarette. No matter the source, a single flame can quickly become dangerous. A candle can lead to a living room fire. A sputtering pot can lead to a stove fire. A spark from an appliance can turn into a blaze.
But there are ways to prevent home fires before they start. When you learn the top fire hazards in the home and implement safety measures for the whole family, you can ignite safety instead of flames.
Kitchen appliances – Electrical appliances like toasters can cause fires if they have a faulty or frayed cord or are placed directly under cabinetry while in use. Pots and pans can boil over or spit grease, leading to stovetop fires. Oven mitts, kitchen towels, and clothing can catch fire if they’re too close to an open flame. Keep safe by staying in the kitchen while cooking and supervising pots, pans, and heating elements at all times.
Candles – Keep candles away from drapes or other items that could catch fire. Avoid burning taper candles that could easily tip over and spread flames – opt for hurricane candle vases or candles in contained jars. Always monitor lit candles and blow them out when leaving a room for an extended period.
Smoking – If you or your guests smoke, always do so outdoors. Use sturdy ashtrays and double-check that the flames are fully extinguished before disposing of butts or ashes.
Bonfires and barbecues – Taking the fun outdoors to the grill or fire pit? Take extra precautions to stop outdoor home fires. Grill on a level surface and clean the grates every time. And before starting a bonfire, be sure there aren’t tree limbs or power lines overhead.
Heaters – Both space heaters and heating systems can be a fire hazard. Use space heaters sparingly and keep them away from the wall and other objects to stay safe. Have your furnace routinely inspected to ensure it’s in safe working condition. If you have electric heat registers, keep curtains and furnishings at a safe distance to avoid igniting these items.
Overloaded outlets – Sparks can fly and fires can start when too many cords are plugged into an outlet or extension cord. Avoid using extension cords when possible and consider having a specialist out for a checkup of your home’s wiring.
Washer/dryers – Do you empty the dryer lint trap after every load? Doing so can help stop laundry room fires. In addition, check the exhaust vent pipe to ensure it’s not blocked, kinked, or restricted.
Now that you know how to spot and stop these fire hazards in the home, give your home even more protection. Talk to one of DPM Insurance Group’s brokers or CSRs about your homeowner’s insurance policy today. Click here to contact the office closest to you: https://dpmins.com/locations/
Source: Frankenmuth Insurance