(1555,1,'2021-05-31 18:59:29','2021-05-31 18:59:29','<!-- wp:image {\"id\":1558,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-6-1024x536.png\" alt=\"\" class=\"wp-image-1558\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Homeownership has a way of awakening the inner Bob Vila in all of us—even the ones who know nothing about home improvement. Whether you’re tackling huge renovations or tiptoeing your way into the world of DIY, these tips will help you set yourself up for success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h75998\"><strong>Have a plan</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Renovations rarely go exactly to plan, but that doesn’t mean you should wing it. Last-minute changes are both stressful and expensive, so get the non-negotiable details hammered out first. At minimum, this means knowing what results you want and how much money—and time—it will take to achieve them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Modeling and design tools like Floorplaner are super helpful in the planning phase. Create a couple different versions of the same project, then add a 10-15% buffer to your budget estimates to prepare for inevitable surprises.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h75999\"><strong>Add value when possible</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you’re not sure where to start with home improvements, it can be helpful to prioritize projects that increase your home’s value. Updated kitchens and bathrooms are pretty much always a safe bet, as are any renovations that increase square footage, like finished basements and decks. But buyer preferences vary from market to market, so be sure to focus on what’s popular and valuable where you live—not broad national trends.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76000\"><strong>Tackle quick, time-sensitive projects first</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some home improvements are more urgent than others. If a project will save you money immediately or prevent devastating damage in the future, bump it to the top of the priority list. That goes double for quick, easy fixes, like sealing drafts and replacing filers.<a rel=\"noreferrer noopener\" href=\"https://lifehacker.com/six-expensive-home-repairs-you-can-avoid-with-a-little-1786913193\" target=\"_blank\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76001\"><strong>Find your DIY threshold</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Even if you’re an experienced DIY-er with a well-stocked workshop, not all home improvement projects are suitable for amateurs. Before starting a project, gauge your interest level: How much work are you <em>really</em> willing to put in? Is that effort worth the money you’ll save? Be brutally honest.<a rel=\"noreferrer noopener\" href=\"https://lifehacker.com/which-home-improvements-can-i-diy-and-which-should-i-le-487207936\" target=\"_blank\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have no idea what you’re getting into, don’t commit until you’ve spent, at minimum, a solid couple of hours watching YouTube tutorials and pricing out materials. Remember: Just because you can doesn\'t mean you should. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76002\"><strong>Bone up on DIY knowledge</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone should know a few basic repair skills, and thanks to the internet, learning them has never been easier. If you can, start with a specific question: Is my garbage disposal broken or just clogged? Do I really need to clean my dishwasher filter? How do you refinish a coffee table? You’ll click with some blogs and video personalities more than others; next time, start with them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re more of a hands-on learner, try volunteering: You’ll learn new skills and help people at the same time. Many hardwares stores offer free clinics on basic home repair and improvement skills, too, so be sure to check the offerings in your area.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76003\"><strong>Save money by scrimping—and splurging—responsibly</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Major renovations are expensive, but going full Scrooge on every single line item only creates more work later. Instead, identify where you can and can’t afford to be a little stingy. A good rule of thumb: Shell out for anything catastrophically expensive and/or difficult to replace, like hot water heaters and electrical work. For easily replaceable items—shower heads, light fixtures, drawer pulls—cheap is fine. You should also consider how much use and enjoyment you’ll get from an item. If you’re an avid cook, skimp on floor tiles so you can splurge on the stove of your dreams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76004\"><strong>Understand your financing options</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Unfortunately, most home improvements do not pay for themselves. If you can’t afford to finance the project in full with cash, you should know the different ways you can finance your home improvement without putting your home at risk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Personal loans nd credit cards be useful for small-to-medium projects, depending on the interest rate and terms, while home equity loans (HELs) and lines of credit (HELOCs) can help finance major renovations and repairs. Improvements that increase your home’s value can cut down on private mortgage insurance payments, but keep in mind you’ll have to pay to get your home reassessed on top of everything else.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76005\"><strong>Get your tools right</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can’t really improve your home with just your bare hands—most projects require at least a multi-tool. Before you start a project of any size, be sure your toolbox actually contains the tools you\'ll need. Keep in mind that some project genres need special equipment, particularly if they involve plumbing or electrical systems. When in doubt, Google it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76006\"><strong>Find the perfect contractor</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Finding a handyman or contractor you trust is a lot like finding the right dentist or therapist: Harder than it sounds, and with incredibly high stakes. It’s important to vet potential contractors carefully using these criteria:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Word of mouth: </strong>Ask friends, family, and neighbors for recommendations—especially if they have industry connections</li><li><strong>Check for complaints: </strong>Look up your state\'s consumer protection office and your local building inspection office</li><li><strong>Learn which licenses and permits are required in your area</strong> for contractors, electricians, plumbers, and painters</li><li><strong>Get proof of insurance: </strong>Ask contractors to provide you with their insurance details so you can verify it with the provider</li><li><strong>Ask for references, then actually check them out</strong></li><li><strong>Meet with every potential candidate</strong> so you get a feel for their style</li><li><strong>Get quotes—</strong>and track them with a spreadsheet or other list</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>For even more specific questions you should ask, check out the Federal Trade Commission\'s guide on hiring a contractor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76007\"><strong>Always keep your next project in mind</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When one project ends, another begins—such is the nature of home improvement. Planning your next move is a lot harder when you can’t remember the good ideas you had while working on something else. Keep a detailed list of your project goals in a spreadsheet, notebook, or even a good old-fashioned Pinterest board so you’ll always know what’s next.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://lifehacker.com/top-10-home-improvement-tips-every-homeowner-should-kno-1656251243\">click here</a>.</p>\n<!-- /wp:paragraph -->','Top 10 Home Improvement Tips Every Homeowner Should Know','','publish','open','open','','top-10-home-improvement-tips-every-homeowner-should-know-2','','','2021-05-31 19:13:16','2021-05-31 19:13:16','',0,'http://smartinsurance.tips/?p=1555',0,'post','',0),(1556,1,'2021-05-31 18:59:29','2021-05-31 18:59:29','<!-- wp:divi/placeholder /-->','Top 10 Home Improvement Tips Every Homeowner Should Know','','inherit','closed','closed','','1555-revision-v1','','','2021-05-31 18:59:29','2021-05-31 18:59:29','',1555,'http://smartinsurance.tips/?p=1556',0,'revision','',0),(1558,1,'2021-05-31 19:01:24','2021-05-31 19:01:24','','My-Post-6','','inherit','open','closed','','my-post-6-2','','','2021-05-31 19:01:24','2021-05-31 19:01:24','',1555,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-6.png',0,'attachment','image/png',0),(1568,1,'2021-05-31 19:32:27','2021-05-31 19:32:27','<!-- wp:image {\"id\":1524,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-3-1024x536.png\" alt=\"\" class=\"wp-image-1524\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>If you\'re one of the millions of Americans who are on the other side of 40 and don\'t yet have a substantial retirement nest egg, don\'t despair. It\'s not too late, but you need to implement some strategies that will put you back on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Estimate How Much You Need in Retirement</strong><br>Roughly estimate how much money you\'ll need to live on in retirement. Don\'t get bogged down by conflicting advice on how to calculate the amount. A ballpark figure is a good starting place. Consider using a retirement calculator to help you determine how much you\'ll need to have in place.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Calculate Your Income Sources</strong><br>Once you have an idea of how much you\'ll need for retirement, calculate what will be available from sources other than your savings. For example, what is your expected Social Security benefit at retirement age? Do you or your spouse have a pension from a previous or current employer? If you have a 401(k) plan, what is its expected value at your planned retirement age? Use a conservative rate of growth to avoid overestimating.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Set Financial Goals</strong><br>Set goals for reaching the amount you\'ll need to make up the difference between Social Security, pensions, and any other retirement funds you already have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Max Out Your 401(k)</strong><br>If your employer has a 401(k) or 403(b) or other voluntary contribution retirement plan, and you\'re not already participating, sign up today and try to contribute the maximum allowed by law. Remember that the tax savings on your deductions will soften the blow. If you\'re in a combined federal and state income tax bracket of 35%, your contributions will only cost you 65 cents for every dollar you put into your account. Review the 401k and Retirement Plan Limits for this tax year and also consider making \"catch-up\" contributions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your employer matches a percentage of your contribution, that\'s free money you should never pass up. Add your employer match to your retirement contributions, and you\'ll have a tidy additional sum of approximately $364,000, assuming a 50% employer match, for a total of well over one million dollars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Go for the Roth</strong><br>If you make under the income thresholds, you can contribute to a Roth IRA in addition to your 401(k) or 403(b) plan. The contribution is not tax-deductible, but the earnings will be tax-free in retirement. The maximum contribution to a Roth IRA in 2020 and 2021, if you\'re under 50 years old, is $6,000 ($7,000 if you\'re over 50). $6,000 a year would grow to just over $288,000 in 21 years assuming a 7% rate of return, and you will owe no taxes on any earnings in your Roth IRA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Don\'t Be Too Conservative</strong><br>Even at 45 or 50 years old, you have several decades for your retirement earnings to grow, so invest a large percentage in carefully researched, proven stocks, or, better yet, mutual funds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Consider Relocating or Downsizing</strong><br>If you live in an area with a high cost of living, moving to a less expensive area and investing your savings for retirement could make a big difference in your ability to amass a nice nest egg.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your kids have left the nest and you\'re still living in a big house that has appreciated, consider selling it and buying a smaller, less expensive home. You\'ll save not only on your mortgage payment, but in less obvious places like the cost of heating, cooling, insuring, and repairing your home, property taxes, etc. You can sock all the savings away for retirement or use some of them to enjoy your life now.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Take on a Second Job</strong><br>If you\'re worried about ever being able to amass enough money to retire, consider taking on a second job and investing your earnings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Play Catchup</strong><br>The tax laws now allow those over 50 to contribute a little extra to 401(k)-type retirement plans and IRAs, so they can do a little catching up as they near retirement age. Take advantage of this if you\'re over 50.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Pay Off Debt</strong><br>If you carry thousands of dollars of credit card balances and pay the minimum payments each month, your potential retirement savings are going directly to your credit card company in the form of interest. Paying only the minimum payment on credit cards is one of the worst financial mistakes you can make. Start applying as much as possible to your credit card balances, and once they\'re paid off, resolve to pay the balance in full each month. You\'ll be amazed at how much money it frees up for retirement savings over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The older you are when you start seriously saving for retirement, the harder you\'ll have to work at it, but it can be done by following the advice above, so don\'t let doubt or discouragement keep you from starting right away, regardless of your age.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/boost-retirement-savings-fast-1289857\">click here</a>.</p>\n<!-- /wp:paragraph -->','10 Strategies to Boost Retirement Savings Fast','','inherit','closed','closed','','1565-revision-v1','','','2021-05-31 19:32:27','2021-05-31 19:32:27','',1565,'http://smartinsurance.tips/?p=1568',0,'revision','',0),(1553,1,'2021-05-25 02:18:00','2021-05-25 02:18:00','<!-- wp:image {\"id\":1419,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/04/Financial-literacy.jpg\" alt=\"\" class=\"wp-image-1419\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><a href=\"https://docs.google.com/spreadsheets/d/1AdbTwPzhoLUSyRcXNZ7NmT_k0ftVA0-TKwnOqJFfntQ/edit#gid=0\">edfasdfdsfsadfsdaa</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We’ve heard it all before, mo money, mo problems. But that doesn’t apply to us entrepreneurs and freelancers, right? I mean, mo money means we’re doing something good. Besides, who has time to review financial documents? That’s why we have accountants.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"15a7\">Well, I hate to break it to you, having a foundational grasp on your business finances is key to entrepreneurial success. Yes, even if you’re running from client to customer looking for that next buck, it’s important — nay, imperative — that you have the sound financial literacy to know what to do with that buck.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"2c26\">In this article, we’re going to explore five ways to build your financial literacy and do so without overwhelming you with facts and equations</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":1} -->\n<h1 id=\"8d75\">1. Review your transactions, better yet make a budget</h1>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"6891\">Let’s start off with some general housekeeping. I hope at this point in your entrepreneur/freelancing journey that you’ve opened a separate bank account for your business activities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"dd43\">If you are currently mixing business and personal within one account, grasping your business financials is going to be a bit confusing. Also, sorting through your expenses with your accountant at year-end is going to be a nightmare.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"2866\">If you’re looking for simple banking solutions,&nbsp;Novo&nbsp;is what I use for my business banking. They integrate with PayPal and Stripe and there are never any fees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"6134\">Okay, glad we got that sorted out. Now we can focus on honing our financial literacy skills.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"261e\">The first step is simple but effective. Review your transactions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"dd3a\">Don’t laugh. Give it a try for a month. Every day, sit down for 5 minutes, log into your business bank account and look at what money is coming in and what money is coming out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"7f5f\">Why is this important? Well, I asked Alex and he told me:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“[Grant Cardone] said that money gets bored, and if it’s around too long, and you’re not paying attention to it, it’ll find somewhere else to go.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"e581\">They say a watched pot never boils. Well, a watched bank account never runs dry.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"3631\">As you continue to monitor your daily transactions, a best practice to develop, according to Alex, is matching each transaction to a “source document” (receipts, invoices, etc.) that shows how that transaction originated. It’ll help your accountant at year-end.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"139a\">As they also say: happy accountant, happy life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":1} -->\n<h1 id=\"691c\">2. Know your paperwork</h1>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"dbae\">The next time you want to know the difference between a balance sheet and an income statement, do yourself a favor and don’t ask an accountant. They will 100% geek out and spend the next half an hour talking about double-entry bookkeeping and the historical significance of the Gregorian calendar.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"6178\">What I’ve done instead is put together a quick summary of each. Now, there are actually four main financial statements you should be aware of: balance sheet, income statement, statement of cash flows, and the equities statement. As a small business owner, you most likely will only concern yourself with the first two.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"d17a\">The Balance Sheet</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"a8a9\">The balance sheet is a high-level look at a business’s assets and liabilities, or in other words, what it&nbsp;<em>owns,&nbsp;</em>what it&nbsp;<em>owes, and what’s leftover</em>. Basically, it’s your business’s summary of financial status.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"dd02\">Accountants like to use this sophisticated calculation on the balance sheet:&nbsp;Assets = Liabilities + Equity</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"d1f4\">What does this mean? Think about your personal finances. What you own was financed by liabilities (loans, mortgage, credit cards) or by equity (cash, income, savings).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"72fe\">A healthy balance sheet — or strong balance sheet, as we say in the biz — uses a few ratios to determine its…healthiness (I’m running out of financial adjectives).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Liquidity ratio = Assets/Liabilities</strong>&nbsp;| This tells you whether you can pay back your short-term liabilities. A healthy ratio is above a 1</li><li><strong>Debt-to-equity ratio = Debt/Equity</strong>&nbsp;| This determines if you are financing your business through debt or your own funds. Lower the better.</li><li><strong>Quick ratio = Current Assets (Cash, Invoices)-Inventory/Liabilities</strong>&nbsp;| This shows whether or not you can pay your short-term liabilities with cash or near-cash resources. Higher the better.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"8f92\">That’s enough math for now, let’s talk about the income statement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"77a6\">The Income Statement</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"355f\">You might sometimes hear the income statement referred to as the “profit and loss statement” or the “P&amp;L” if they’ve watched a bit too much&nbsp;<em>Wolf of Wall Street</em>&nbsp;lately.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"cc49\">Again using personal finances as an example, the income statement is sort of like your monthly checking account statement that your bank sends you. Your bank summarizes all the monies that have gone in or out of your account and you get a high-level view of its impact on your account balance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"3915\">Why is the income statement important? Because it shows whether or not you’re profitable. Are you earning more money than you are spending?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"a47f\">Now, if you are a solo-preneur and you’ve set up your S-Corp, chances are profitability isn’t your main goal (I dive a bit more into that in my&nbsp;previous article). However, knowing how much of a salary you can draw is determined by your income statement, aka it’s not wise to pay yourself more than you bring in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":1} -->\n<h1 id=\"a2b1\">3. Set up KPIs to align with your goals</h1>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"c177\">I know, I know, most people pronounce KPI as&nbsp;<em>K-P-I</em>&nbsp;but wouldn’t the business world be a much better place if we pronounced it&nbsp;<em>Kippy</em>&nbsp;instead?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"148d\">Pretty good, right? Save your enthusiasm for the time being, we can put a pin in the discussion and come back to it later.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"5625\">In the meantime, we should talk about what exactly are KPIs — sorry,&nbsp;<em>Kippies</em>&nbsp;— and how do they apply to your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"112a\">KPI stands for&nbsp;<em>Key Performance Indicator</em>&nbsp;and is typically referred to as a metric. A metric is just a number without goals attached to it. For example, a basic metric could be revenue. Let’s say for this tax year you’ve earned $100,000 in revenue. Is that good?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"ca47\">Well, it depends on your goals. If your goal is to be profitable and you spent $200,000 to earn $100,000 then that Kippy ain’t looking so good, is it?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"0f57\">Let’s take a look at what makes a good KPI (yeah, now that I hear it out loud, “Kippy” isn’t doing it for me anymore).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li><strong>A KPI should lead to action.</strong>&nbsp;When you look at your KPI, do you know what action you need to take?</li><li><strong>A KPI should be simple to measure.</strong>&nbsp;If it’s taking you hours to drudge up the numbers, then is it worth it?</li><li><strong>A KPI is current.</strong>&nbsp;Can you make an accurate business decision with old data?</li><li><strong>A KPI is always tied to your main goals.</strong>&nbsp;Are you growing profits, increasing conversion rates, reducing your debts?</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"02ec\">If you’re just starting out as a solo-preneur, pick a few simple KPIs to track such as revenue growth rate or gross profit margin. Don’t track for tracking sake, use them to make better business decisions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":1} -->\n<h1 id=\"cba4\">4. Understand your tax implications</h1>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"d7f1\">You may be tempted to think that because you are self-employed good ol’ Uncle Sam will go easy on you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"eeac\">I’ve already gone in-depth about the merits of electing for the S-Corp to potentially save you thousands of tax dollars (all legal by the way), but I’ll quickly summarize here.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"4151\">Being self-employed means you are responsible for the entire 15.3% cut of Social Security and Medicare tax. When you work a traditional W-2, you only pay half and your employer pays the other half.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"8611\">When you take the S-Corp election, you essentially share the burden of the tax between yourself and your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"8611\">To read the full article, <a href=\"https://blog.bookscaping.com/how-to-beef-up-your-business-financial-literacy-e298da183584\">click here</a>.</p>\n<!-- /wp:paragraph -->','Test4','','inherit','closed','closed','','1548-revision-v1','','','2021-05-25 02:18:00','2021-05-25 02:18:00','',1548,'http://smartinsurance.tips/?p=1553',0,'revision','',0),(1559,1,'2021-05-31 19:13:14','2021-05-31 19:13:14','<!-- wp:image {\"id\":1558,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-6-1024x536.png\" alt=\"\" class=\"wp-image-1558\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Homeownership has a way of awakening the inner Bob Vila in all of us—even the ones who know nothing about home improvement. Whether you’re tackling huge renovations or tiptoeing your way into the world of DIY, these tips will help you set yourself up for success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h75998\"><strong>Have a plan</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Renovations rarely go exactly to plan, but that doesn’t mean you should wing it. Last-minute changes are both stressful and expensive, so get the non-negotiable details hammered out first. At minimum, this means knowing what results you want and how much money—and time—it will take to achieve them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Modeling and design tools like Floorplaner are super helpful in the planning phase. Create a couple different versions of the same project, then add a 10-15% buffer to your budget estimates to prepare for inevitable surprises.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h75999\"><strong>Add value when possible</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you’re not sure where to start with home improvements, it can be helpful to prioritize projects that increase your home’s value. Updated kitchens and bathrooms are pretty much always a safe bet, as are any renovations that increase square footage, like finished basements and decks. But buyer preferences vary from market to market, so be sure to focus on what’s popular and valuable where you live—not broad national trends.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76000\"><strong>Tackle quick, time-sensitive projects first</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some home improvements are more urgent than others. If a project will save you money immediately or prevent devastating damage in the future, bump it to the top of the priority list. That goes double for quick, easy fixes, like sealing drafts and replacing filers.<a rel=\"noreferrer noopener\" href=\"https://lifehacker.com/six-expensive-home-repairs-you-can-avoid-with-a-little-1786913193\" target=\"_blank\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76001\"><strong>Find your DIY threshold</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Even if you’re an experienced DIY-er with a well-stocked workshop, not all home improvement projects are suitable for amateurs. Before starting a project, gauge your interest level: How much work are you <em>really</em> willing to put in? Is that effort worth the money you’ll save? Be brutally honest.<a rel=\"noreferrer noopener\" href=\"https://lifehacker.com/which-home-improvements-can-i-diy-and-which-should-i-le-487207936\" target=\"_blank\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have no idea what you’re getting into, don’t commit until you’ve spent, at minimum, a solid couple of hours watching YouTube tutorials and pricing out materials. Remember: Just because you can doesn\'t mean you should. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76002\"><strong>Bone up on DIY knowledge</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone should know a few basic repair skills, and thanks to the internet, learning them has never been easier. If you can, start with a specific question: Is my garbage disposal broken or just clogged? Do I really need to clean my dishwasher filter? How do you refinish a coffee table? You’ll click with some blogs and video personalities more than others; next time, start with them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re more of a hands-on learner, try volunteering: You’ll learn new skills and help people at the same time. Many hardwares stores offer free clinics on basic home repair and improvement skills, too, so be sure to check the offerings in your area.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76003\"><strong>Save money by scrimping—and splurging—responsibly</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Major renovations are expensive, but going full Scrooge on every single line item only creates more work later. Instead, identify where you can and can’t afford to be a little stingy. A good rule of thumb: Shell out for anything catastrophically expensive and/or difficult to replace, like hot water heaters and electrical work. For easily replaceable items—shower heads, light fixtures, drawer pulls—cheap is fine. You should also consider how much use and enjoyment you’ll get from an item. If you’re an avid cook, skimp on floor tiles so you can splurge on the stove of your dreams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76004\"><strong>Understand your financing options</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Unfortunately, most home improvements do not pay for themselves. If you can’t afford to finance the project in full with cash, you should know the different ways you can finance your home improvement without putting your home at risk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Personal loans nd credit cards be useful for small-to-medium projects, depending on the interest rate and terms, while home equity loans (HELs) and lines of credit (HELOCs) can help finance major renovations and repairs. Improvements that increase your home’s value can cut down on private mortgage insurance payments, but keep in mind you’ll have to pay to get your home reassessed on top of everything else.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76005\"><strong>Get your tools right</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can’t really improve your home with just your bare hands—most projects require at least a multi-tool. Before you start a project of any size, be sure your toolbox actually contains the tools you\'ll need. Keep in mind that some project genres need special equipment, particularly if they involve plumbing or electrical systems. When in doubt, Google it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76006\"><strong>Find the perfect contractor</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Finding a handyman or contractor you trust is a lot like finding the right dentist or therapist: Harder than it sounds, and with incredibly high stakes. It’s important to vet potential contractors carefully using these criteria:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Word of mouth: </strong>Ask friends, family, and neighbors for recommendations—especially if they have industry connections</li><li><strong>Check for complaints: </strong>Look up your state\'s consumer protection office and your local building inspection office</li><li><strong>Learn which licenses and permits are required in your area</strong> for contractors, electricians, plumbers, and painters</li><li><strong>Get proof of insurance: </strong>Ask contractors to provide you with their insurance details so you can verify it with the provider</li><li><strong>Ask for references, then actually check them out</strong></li><li><strong>Meet with every potential candidate</strong> so you get a feel for their style</li><li><strong>Get quotes—</strong>and track them with a spreadsheet or other list</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>For even more specific questions you should ask, check out the Federal Trade Commission\'s guide on hiring a contractor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h76007\"><strong>Always keep your next project in mind</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When one project ends, another begins—such is the nature of home improvement. Planning your next move is a lot harder when you can’t remember the good ideas you had while working on something else. Keep a detailed list of your project goals in a spreadsheet, notebook, or even a good old-fashioned Pinterest board so you’ll always know what’s next.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://lifehacker.com/top-10-home-improvement-tips-every-homeowner-should-kno-1656251243\">click here</a>.</p>\n<!-- /wp:paragraph -->','Top 10 Home Improvement Tips Every Homeowner Should Know','','inherit','closed','closed','','1555-revision-v1','','','2021-05-31 19:13:14','2021-05-31 19:13:14','',1555,'http://smartinsurance.tips/?p=1559',0,'revision','',0),(1565,1,'2021-05-31 19:30:12','2021-05-31 19:30:12','<!-- wp:image {\"id\":1524,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-3-1024x536.png\" alt=\"\" class=\"wp-image-1524\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>If you\'re one of the millions of Americans who are on the other side of 40 and don\'t yet have a substantial retirement nest egg, don\'t despair. It\'s not too late, but you need to implement some strategies that will put you back on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Estimate How Much You Need in Retirement</strong><br>Roughly estimate how much money you\'ll need to live on in retirement. Don\'t get bogged down by conflicting advice on how to calculate the amount. A ballpark figure is a good starting place. Consider using a retirement calculator to help you determine how much you\'ll need to have in place.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Calculate Your Income Sources</strong><br>Once you have an idea of how much you\'ll need for retirement, calculate what will be available from sources other than your savings. For example, what is your expected Social Security benefit at retirement age? Do you or your spouse have a pension from a previous or current employer? If you have a 401(k) plan, what is its expected value at your planned retirement age? Use a conservative rate of growth to avoid overestimating.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Set Financial Goals</strong><br>Set goals for reaching the amount you\'ll need to make up the difference between Social Security, pensions, and any other retirement funds you already have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Max Out Your 401(k)</strong><br>If your employer has a 401(k) or 403(b) or other voluntary contribution retirement plan, and you\'re not already participating, sign up today and try to contribute the maximum allowed by law. Remember that the tax savings on your deductions will soften the blow. If you\'re in a combined federal and state income tax bracket of 35%, your contributions will only cost you 65 cents for every dollar you put into your account. Review the 401k and Retirement Plan Limits for this tax year and also consider making \"catch-up\" contributions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your employer matches a percentage of your contribution, that\'s free money you should never pass up. Add your employer match to your retirement contributions, and you\'ll have a tidy additional sum of approximately $364,000, assuming a 50% employer match, for a total of well over one million dollars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Go for the Roth</strong><br>If you make under the income thresholds, you can contribute to a Roth IRA in addition to your 401(k) or 403(b) plan. The contribution is not tax-deductible, but the earnings will be tax-free in retirement. The maximum contribution to a Roth IRA in 2020 and 2021, if you\'re under 50 years old, is $6,000 ($7,000 if you\'re over 50). $6,000 a year would grow to just over $288,000 in 21 years assuming a 7% rate of return, and you will owe no taxes on any earnings in your Roth IRA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Don\'t Be Too Conservative</strong><br>Even at 45 or 50 years old, you have several decades for your retirement earnings to grow, so invest a large percentage in carefully researched, proven stocks, or, better yet, mutual funds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Consider Relocating or Downsizing</strong><br>If you live in an area with a high cost of living, moving to a less expensive area and investing your savings for retirement could make a big difference in your ability to amass a nice nest egg.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your kids have left the nest and you\'re still living in a big house that has appreciated, consider selling it and buying a smaller, less expensive home. You\'ll save not only on your mortgage payment, but in less obvious places like the cost of heating, cooling, insuring, and repairing your home, property taxes, etc. You can sock all the savings away for retirement or use some of them to enjoy your life now.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Take on a Second Job</strong><br>If you\'re worried about ever being able to amass enough money to retire, consider taking on a second job and investing your earnings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Play Catchup</strong><br>The tax laws now allow those over 50 to contribute a little extra to 401(k)-type retirement plans and IRAs, so they can do a little catching up as they near retirement age. Take advantage of this if you\'re over 50.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Pay Off Debt</strong><br>If you carry thousands of dollars of credit card balances and pay the minimum payments each month, your potential retirement savings are going directly to your credit card company in the form of interest. Paying only the minimum payment on credit cards is one of the worst financial mistakes you can make. Start applying as much as possible to your credit card balances, and once they\'re paid off, resolve to pay the balance in full each month. You\'ll be amazed at how much money it frees up for retirement savings over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The older you are when you start seriously saving for retirement, the harder you\'ll have to work at it, but it can be done by following the advice above, so don\'t let doubt or discouragement keep you from starting right away, regardless of your age.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/boost-retirement-savings-fast-1289857\">click here</a>.</p>\n<!-- /wp:paragraph -->','10 Strategies to Boost Retirement Savings Fast','','publish','open','open','','10-strategies-to-boost-retirement-savings-fast','','','2021-05-31 19:32:29','2021-05-31 19:32:29','',0,'http://smartinsurance.tips/?p=1565',0,'post','',0),(1566,1,'2021-05-31 19:30:12','2021-05-31 19:30:12','<!-- wp:divi/placeholder /-->','10 Strategies to Boost Retirement Savings Fast','','inherit','closed','closed','','1565-revision-v1','','','2021-05-31 19:30:12','2021-05-31 19:30:12','',1565,'http://smartinsurance.tips/?p=1566',0,'revision','',0),(1569,1,'2021-05-31 19:34:34','2021-05-31 19:34:34','<!-- wp:image {\"id\":1573,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-8-1024x536.png\" alt=\"\" class=\"wp-image-1573\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>The set of habits doesn’t have to be complex, though. Take Satya Nadella, CEO of Microsoft, for example. He has two key habits that he does every day without fail: gratitude and exercise. Each morning, he wakes up and asks himself what he’s thankful for. Acts of gratitude like this are shown to improve mental and physical health. Next, Nadella hits the gym. No matter where he is, he commits to going to the gym for at least 30 minutes. He says it makes a huge difference - and he’s right. People who are physically fit have improved cognitive function.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Good habits for a positive mindset</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your mindset determines how you perceive the people around you and the situations you find yourself in. For that reason, a positive mindset will also determine your success in leadership. Approach your employees and tasks with a positive, enthusiastic mindset, and the results will follow. Approach them with a negative mindset, and you will only get negativity in return. Here’s how to use your habits to put yourself in a better headspace:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Exercise</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To show up with enthusiasm and optimism, you must first feel good. Exercise is an excellent way to boost happiness because it releases “feel-good” chemicals like endorphins, serotonin, and dopamine. The combination of chemicals that are released during exercise are proven to relieve depression and anxiety. One study, showed that 20 minutes of exercise can boost your mood for 12 hours.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. Meditation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Meditation forces you to slow down and reconnect with yourself. Most importantly, it can help you realize that your thoughts are separate from you. You are not your thoughts. When you’re able to make that connection, you’ll find that you judge yourself less. That makes your thinking and decision-making clearer and easier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Breathwork</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If meditation isn’t for you, try breathwork (or do both!). Breathwork has been practiced for centuries for its ability to help increase positivity, focus, and efficiency. The act of sitting still, focusing on the breath, and concentrating on certain breathing techniques forces you to slow down and be present. The result is more mental and physical energy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>4. Healthy eating</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s not surprising that a healthy diet contributes to having a positive mindset. Studies have shown that eating a diet high in whole foods like fruits and veggies increases happiness. Fiber has also been flagged as important, as it contributes to gut health which is linked to mental health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>5. Journaling</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As a leader, you’re probably pressed for time, running from meeting to meeting. With so many problems to solve and people to manage, it’s very easy to get to the end of the day and feel unsure as to how you got there. By that point, you likely have a tornado of thoughts in your head. Journaling — or any other type of self-reflection — is meant to help you release all of those thoughts and separate yourself from them. Then, you can zoom out and refocus on what matters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>6. Start your day without technology</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your waking moments and the hours that follow set the tone for your day. Do you want to start your day with someone else’s words or your own? Instead of jumping right into your phone, try some of the other habits outlined above. By doing so, you choose your own mood instead of letting someone else do it for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>7. Read</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As a leader, you should be committed to ongoing learning. After all, what kind of leader remains stuck in the past with old information? Reading is a great way to open yourself up to new ideas and concepts. Reading also relieves stress, increases empathy, and helps you process your real life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>8. Seek knowledge</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Reading isn’t the only way to learn, of course. Be curious - listen to podcasts, watch speeches, listen to TED talks, take an online course. There are so many ways to gain knowledge. Not only will it mentally stimulate you, but you’ll be a more respectable leader for it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Good habits, powerful results</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When it comes to building habits, slow and steady is best. Adding in one or two new habits can impact multiple areas of your life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.entrepreneur.com/article/369666\">click here</a>.</p>\n<!-- /wp:paragraph -->','Try These Habits - Successful People Do These Every Day','','publish','open','open','','this-small-business-week-try-8-habits-successful-people-do-every-day','','','2021-06-01 20:48:25','2021-06-01 20:48:25','',0,'http://smartinsurance.tips/?p=1569',0,'post','',0),(1570,1,'2021-05-31 19:34:34','2021-05-31 19:34:34','<!-- wp:image -->\n<figure class=\"wp-block-image\"><img alt=\"\"/></figure>\n<!-- /wp:image -->','This Small Business Week, Try 8 Habits Successful People Do Every Day','','inherit','closed','closed','','1569-revision-v1','','','2021-05-31 19:34:34','2021-05-31 19:34:34','',1569,'http://smartinsurance.tips/?p=1570',0,'revision','',0),(1571,1,'2021-05-31 19:36:32','2021-05-31 19:36:32','','images','','inherit','open','closed','','images','','','2021-05-31 19:36:32','2021-05-31 19:36:32','',1569,'http://smartinsurance.tips/wp-content/uploads/2021/05/images.jpg',0,'attachment','image/jpeg',0),(1573,1,'2021-05-31 19:37:44','2021-05-31 19:37:44','','My Post (8)','','inherit','open','closed','','my-post-8','','','2021-05-31 19:37:44','2021-05-31 19:37:44','',1569,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-8.png',0,'attachment','image/png',0),(1579,1,'2021-05-31 19:44:39','2021-05-31 19:44:39','','image','','inherit','open','closed','','image','','','2021-05-31 19:44:39','2021-05-31 19:44:39','',1575,'http://smartinsurance.tips/wp-content/uploads/2021/05/image.png',0,'attachment','image/png',0),(1564,1,'2021-05-31 19:29:15','2021-05-31 19:29:15','<!-- wp:image {\"id\":1563,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-7-1024x536.png\" alt=\"\" class=\"wp-image-1563\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>An injection of a few thousand dollars into your small business could be the difference between eking out a living and growing your company to the next level.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Taking out a small-business loan or line of credit might not be the best option if you want to avoid debt — or can’t qualify for the credit. Bringing on an investor could give you debt-free capital, but you’d have to forfeit a portion of your business. And a small business in need of just a little cash might not be worth an investor’s attention.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A small-business grant could be the cash cow you need. You don’t have to repay these funds or hand over ownership of your company. You can usually find them through nonprofit organizations dedicated to supporting small businesses, nonprofits, and the arts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"h.q1cels8qicsg\">Where to Find Small-Business Grants</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Organizations of all kinds offer small-business grants. The simplest way to find small-business grants is to search for “grants + [characteristics of your business].”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also browse these resources that list small-business grants:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https://www.grants.gov/\">Grants.gov</a></strong>. Search for government grants, most of which support nonprofit organizations, government entities, or educational institutions.</li><li><strong><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https://www.sba.gov/funding-programs/grants\">U.S. Small Business Administration (SBA)</a></strong>. This government agency works with community organizations to provide funding, typically for nonprofits and research institutions.</li><li><strong>U.S. Economic Development Administration (EDA)</strong>. Find <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https://www.eda.gov/resources/\">local EDA resources</a>, which could include grant opportunities.</li><li><strong>Small-Business Resources</strong>. Sites like <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https://www.fundera.com/blog/small-business-grants\">Fundera</a> and <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https://www.nav.com/resource/small-business-grants/\">Nav</a> help small businesses find financing, primarily credit and loans, and sometimes list small-business grant opportunities.</li><li><strong>Chamber of Commerce</strong>. Your <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https://www.uschamber.com/\">local Chamber of Commerce</a> is a rich resource for information and community for small-business owners and could direct you to grant opportunities.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>When searching for grants, keep in mind that most grants serve a dedicated purpose, such as supporting a target community, industry, or mission. This reduces your options to only grants that fit your type of business, but it also narrows the competition you face with any grant application.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some small-business grants target underserved communities such as women, people of color, or rural areas. Many serve only nonprofit organizations or projects, and these tend to focus on your impact on social issues like environmentalism, women’s health, or poverty.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Grants for the arts could also help your business if you’re primarily a writer, performer, or visual artist. These tend to support individuals, rather than companies, and they apply to a single project, rather than your whole business. So you have to get creative to find arts grants that fit your small business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"h.3irsgo6vz3my\">Tips to Apply for a Small-Business Grant</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether for a few hundred dollars or tens of thousands, put your best foot forward when applying for a small-business grant. Grant-making organizations want to know their money will benefit their chosen cause or community, and your grant proposal is the way to show them your business can fulfill that goal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Entrepreneurs who’ve received grants to support their businesses offer the following advice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h.ukqfuxuz3kpw\">1. Hire an Experienced Grant Writer</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Writing a grant proposal is a specialized skill, so don’t count on just anyone in your business to handle it. A large grant could make a professional grant writer worth your money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>William Taylor, a career development manager at VelvetJobs, credits hiring an expert with receiving multiple grants at his previous company, Rank Easily. “This helped us stand out from the crowd by coming up with a well-prepared business plan that clearly demonstrated how the grant would benefit our business and satisfy the goals of the grant,” he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You could find experienced grant writers through contractor job boards and niche communities:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Professional Associations</strong>. Browse member lists or post a job with professional associations for writers.</li><li><strong>Writing Communities on Facebook and LinkedIn</strong>. Many Facebook groups for writers welcome job posts, so seek groups relevant to your needs and industry.</li><li><strong>FlexJobs</strong>. This subscription-based job board helps you find high-quality candidates looking for remote and freelance work.</li><li><strong>Freelance Brokers</strong>. Sites such as Upwork and PeoplePerHour connect employers with freelancers for any role. Freelancers on the platform tend to be less experienced, but you can review their previous work and check ratings from others who’ve hired them before committing.</li><li><strong>Small Business Administration</strong>. Find an SBA center in your area to get small-business assistance, including free resources that could help you write a grant proposal.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Be specific in your listing about the work and the skills you require. It helps filter the candidates who contact you, so you don’t have to sift through too many unqualified writers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To find a strong grant writer, look for:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Grant Writing Experience</strong>. Beyond general writing skill and experience, ask for candidates who’ve specifically written grant proposals — with a bonus for those with a record of securing funding.</li><li><strong>Understanding of Your Industry</strong>. Writers should understand the business you’re in, whether it’s commercial, nonprofit, or the arts. Experience writing grant proposals within your industry means they’ll understand what grant organizations look for.</li><li><strong>Familiarity With Available Grants</strong>. If you plan to apply for several grants, a grant writer who knows what’s available and can help you research requirements and deadlines is an asset.</li><li><strong>Strong Writing Skills</strong>. Ask for a portfolio, and review content they’ve written before. Clear, concise, and clean (grammatically correct, typo-free) writing is a must-have.</li><li><strong>Business or Nonprofit Experience</strong>. If a writer doesn’t have grant writing experience or education, their experience working in a business or organization like yours could help them craft a solid business plan and convey your message in a grant proposal. New writers generally charge less, so you could benefit from hiring someone with less grant writing but other related experience.</li><li><strong>Ability to Meet Deadlines</strong>. Check that your grant writer has the bandwidth to dedicate to your business and get drafts and revisions in on time so that you don’t miss grant deadlines.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h.8ynpdffo06ia\">2. Write a Business Plan</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Suchot Sunday, owner at The Curious Frugal and a serial entrepreneur, won a grant for a small organic bakery business. She recommends including a business plan with your grant application because it “will lend a weight to your application that others with only the application will not have.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your business plan should include the following for either the whole business or a specific project, depending on what the grant is for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Business Concept</strong>. What does your business do? What products or services does it provide? What value do you offer your target audience or community?</li><li><strong>Marketing Plan</strong>. Define your audience and marketing strategies. Also describe your competition and how you differ.</li><li><strong>Financials</strong>. Include the nitty-gritty to show grant organizations how you’ll use the money and demonstrate you can manage it responsibly. This should include things like revenue, sales, profit, loss, and profit margins.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>A solid business plan shows the granting organization your business will put its money to good use, explains Lynn Jordan, who received a grant from the Los Angeles Department of Mental Health for her company Joyful Boogie and once worked for a philanthropic foundation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“The grant officer builds their own reputation in the field by the amount of successes they bring to the table,” Jordan says. “If an organization or individual already has proven themselves, then they are considered less of a risk.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h.pcr6inx2cgk0\">3. Be Articulate and Specific</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Like a job application, your grant application or proposal showcases your competency in your field.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Use proper grammar, spelling and pay attention to formatting. The readers [who choose grantees] have limited time to review,” recommends Romy Taormina, CEO and founder at Psi Health Solutions, Inc., which has received small-business grants including the (now discontinued) Huggies Mom Inspired Grant for $15,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Copy edit and proofread a grant proposal before submitting it. Before hiring an editor, use a writing tool to spot mistakes and weak writing, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong><a target=\"_blank\" href=\"https://www.grammarly.com/\" rel=\"noreferrer noopener\">Grammarly</a></strong>. Install this free Chrome extension to get recommendations for grammar, spelling, tone, clarity, and word choice wherever you write online — including email, social media, messaging apps, and Google Docs.</li><li><strong><a target=\"_blank\" href=\"http://www.hemingwayapp.com/\" rel=\"noreferrer noopener\">Hemingway Editor</a></strong>. Paste (or compose) copy into this free online editor to detect weak writing, including passive voice, adverbs, and complex words and sentences.</li><li><strong><a target=\"_blank\" href=\"https://prowritingaid.com/\" rel=\"noreferrer noopener\">ProWritingAid</a></strong>. Use this Web editor or plugin for your word processor of choice to improve grammar, spelling, style, and word choice. Install the Chrome extension for free or purchase a license for the software starting at $70 per year.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Then, enlist an editor for a final look and personalized feedback on the proposal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Like the grant writer, an editor is more valuable if they have experience in your industry or knowledge of grant writing. An editor without this experience can do a good job cleaning up your copy, but grant-related experience means they can also help you tailor the language to leave the best impression on grant judges.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you don’t have an editor on your team, find a freelancer through brokers, general job boards, or these editorial organizations:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>ACES: The Society for Editors</strong>. Post to this organization’s job bank for free or browse editors for hire.</li><li><strong>Editorial Freelancers Association</strong>. Submit a job for free or search the member directory for editors.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h.wt5d1958enpx\">4. Know Your Competition</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Learn which other businesses — or, at least, what kinds of businesses — apply for the grant so you can figure out what sets you apart.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Most grant websites list past and current grant recipients, so start there. Browse businesses that have received the grant you want, and consider:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>How Do They Fulfill the Grant Requirements?</strong>&nbsp;Put on your judge’s hat, and determine what about a business made it right for the grant. If some of the grantees surprise you, it could give you some clues as to what the organization looks for.</li><li><strong>How Do They Compare to Your Business?</strong>&nbsp;Does your business feel like a fit with these? Are you in the same industry, of a similar size, in a similar location, serving the same audience or community, sharing goals?</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Also ask around in your network to figure out which other businesses are applying for the grant in the same cycle as you. Tap into professional associations and social media groups for intel. You could even turn it into a friendly competition by trading tips and advice with fellow applicants.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h.wps5rjy3uqef\">5. Emphasize Your Impact on the Community or Area of Service</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>“The entrepreneurs and investors that support small businesses and small nonprofit organizations seek to achieve specific causes or benefits for society,” explains Plamen Beshkov, who received a grant for a nonprofit art project for Bulgaria-based Open Space Foundation. Beshkov urges, “Find out whether there’s a need for what you want to achieve with your idea.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Jordan agrees and suggests using as many facts as you can to showcase how your company benefits the area of the grant’s focus.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Present any hard data that is available,” Jordan says. “How many people benefit from this work? Are there any studies to back up this work? Have you already received any accolades for your work? Do your best to present a picture that lets the grant giver know that they are joining in on already established momentum.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Include hard data in your business plan to show you did your research before starting your business. Include data and research studies to answer these questions about the product or service you offer:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>How Big Is the Market?</strong>&nbsp;In other words, how many people want what you sell? For mission-driven grants, also find data to demonstrate the need for your service.</li><li><strong>Who Is Your Target Audience?&nbsp;</strong>Include demographics such as age, location, income, education, family size, marital status, and buying habits of the market you serve.</li><li><strong>How’s the Competition?</strong>&nbsp;How many other businesses offer what you offer? Are they doing well?</li><li><strong>What Is Your Impact?</strong>&nbsp;Include data to demonstrate the progress you’ve already made to serve the target audience. This gives judges a concrete understanding of how grant funds can impact a community through your business.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"h.yhd34wcu6ja8\">6. Hone Your Network</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before seeking funding, put yourself out in the community and industry. Get to know other business owners and the people who work for foundations that support small businesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These connections help you find opportunities, learn what it takes to succeed, and could even directly give you an advantage when you submit an application.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Connect with other business owners in your industry through:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Local SBA centers</li><li>Your city’s Chamber of Commerce</li><li>Facebook and LinkedIn groups</li><li>Professional associations</li><li>Local community and charity events</li><li>Mentorship programs or networks</li><li>Leadership and self-improvement events</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"h.9p47ntdp73sb\">Final Word</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A small-business grant could be a boon to your company or project, but it takes skill to win one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Writing a grant proposal is a professional skill not every business owner or even writer has mastered. You could benefit from hiring professional grant writers and editors to craft a winning business plan and proposal if you’re applying for a large grant or plan to apply for several grants.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Don’t approach your grant application casually. Securing funding requires research and time to develop a strong understanding of what the judges want to see in your proposal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Study what makes a good grant proposal in general and what each grant organization is looking for specifically. This will prevent you from wasting time — yours and the judges’ — by applying for grants that aren’t right for your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.moneycrashers.com/how-to-apply-for-small-business-grant/\">click here</a>.</p>\n<!-- /wp:paragraph -->','How to Apply for a Small-Business Grant & Win – 6 Tips for Success','','inherit','closed','closed','','1560-revision-v1','','','2021-05-31 19:29:15','2021-05-31 19:29:15','',1560,'http://smartinsurance.tips/?p=1564',0,'revision','',0),(1575,1,'2021-05-31 19:42:00','2021-05-31 19:42:00','<!-- wp:image {\"id\":1578,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-9-1024x536.png\" alt=\"\" class=\"wp-image-1578\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Tire treadwear is about much more than how frequently the tires need to be replaced. How rapidly tires wear down speaks to how soon they will transition from providing optimal grip to losing their ability to divert water and avoid hydroplaning. Treadwear is a cost, convenience, and safety concern.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Our research tells us that when people shop for tires, their primary considerations are all-weather grip, brand, and treadwear warranty. How well a tire holds the road, in various weather conditions, is a core element of the Consumer Reports test program. That information is available on the tire model pages, and the cumulative results are available in our annual Tire Brand Report Card. The treadwear warranty can be located on the CR.org model pages, the brand’s website, and at the local tire store, but we have found that the warranty is only part of the story.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Nearly all tires carry some form of warranty from the manufacturer for defects. These policies are referred to as workmanship and material warranties. Their coverage is typically limited to a specific time period or wear condition, such as when the tire has just 2⁄32 of an inch of tread remaining—the point when it is legally worn out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But those warranties are influenced by marketing decisions, rather than product transparency. For instance, some warranties are a bit conservative to direct buyers to more profitable models. (Learn more about tire warranties.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The only way to truly predict how long a tire will last is to test it. That is exactly what Consumer Reports does with an extensive on-the-road program that measures the wear on two tires per model of driving to 16,000 miles on public roads through the scrub grass of West Texas. (We exclude winter/snow tires, as most do not carry a treadwear warranty.) We list projected mileage based on how tires wear in our tests on the tire model pages. (See our tread life mileage, and much more, in our tire ratings.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Of course, there’s more to a good tire than long life. But longevity is a key to whether a tire you’re considering is a good deal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Noteworthy in the findings is that more than half of the 47 all-season and performance all-season tires could last at least 65,000 miles; five could top 90,000 miles or more. And there’s a wallet-friendly surprise: Tires with the longest life don’t necessarily cost the most. (Learn how to extend tire life.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Do Tire Tread Warranties Wear Thin?</strong><br>Many replacement tires, especially the all-season ones that come standard on a car, minivan, or SUV, have a prorated mileage warranty. It’s based on how long the tread on a tire is expected to last. For the tires in our ratings, it is usually between 50,000 and 90,000 miles. But those warranties often don’t offer the consumer much payback if the tires wear out prematurely. If tires wear out before the warranty mileage is used up, you’ll probably get only a fractional credit representing the miles the tires didn’t cover. And that’s good only toward the purchase of identical or comparable tires from the same manufacturer—which you may not want. You can’t use it to get better tires or tires from another brand.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s where the math really doesn’t add up: The credit can be applied to a manufacturer’s suggested retail price for a new tire or to a dealer’s price. And that price is often high relative to the frequent discounts offered by many retailers. In fact, you may be able to buy new, discounted tires for less than the price of warranty replacements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On top of that, restrictions to get your prorated credit abound. Your tires may have to show even wear across the tread or the deal’s off. You may also have to show receipts that verify you had the tires rotated at the prescribed intervals, usually every 5,000 miles, since they were new.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The tires also have to be worn out, which is defined as having a tread depth of only about 2/32 inch. Tires that are worn out will perform poorly on wet roads and could pose a safety risk. (Learn more about tire warranties.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Our controlled tread life tests cut through the marketing mumbo-jumbo to tell you how many miles your tires will last before becoming worn out. Of course, your actual experience will vary according to the vehicle you drive, how and where you drive, routine maintenance, and other factors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How to Read a Tire Sidewall</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://article.images.consumerreports.org/f_auto/prod/content/dam/CRO-Images-2021/Cars/02Feb/consumer-reports-BG-tire-sidewall-02-21\" alt=\"How to Read a Tire Sidewall\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Tires have a wealth of information encoded on their sidewalls. When replacing them, we recommend staying with the size and speed rating of your car’s original tires. Check your owner’s manual for more information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Size:</strong> On the tire above, 215 is the cross-section width in millimeters; 60 is the ratio of sidewall height to its width (60 percent); R indicates radial-ply construction; and 16 is the wheel rim’s diameter in inches.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Load index: </strong>Shorthand for the weight each tire can carry safely. The 94 here means 1,477 pounds per tire—pretty typical for a midsized car tire. That’s the maximum tire load.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Speed rating: </strong>A letter denoting the tire’s maximum speed when carrying the load defined by the load index—and not how fast you should drive! Standard all-seasons are usually rated T (118 mph) and H (130 mph). Climbing up the scale are V (149 mph), ZR (149-plus mph), W (168 mph), and Y (186 mph) ratings. Winter tires may carry the letter R (106 mph) or higher.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Treadwear grade:</strong> A government-required number that indicates a tire’s expected wear. A grade of 300 denotes a tire that will wear three times as well as a tire graded 100. But the numbers are assigned by tire manufacturers, not an independent third party.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Traction and temperature scores: </strong>Those scores denote a tire’s wet-stopping ability and temperature resistance. For traction, AA is best, C is worst. For temperature resistance, scores range from A (best) to C.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Manufacture date code: </strong>Every tire has a Department of Transportation number after the letters on the sidewall. The last four digits show the week and year the tire was made; for example, the digits 2321 would signify that the tire was made during the 23rd week of 2021. Don’t buy tires more than a couple of years old.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/tires/truth-about-tire-treadwear-how-cr-tests-tread-life/\">click here</a>.</p>\n<!-- /wp:paragraph -->','The Truth About Tire Treadwear','','publish','open','open','','the-truth-about-tire-treadwear','','','2021-05-31 19:47:14','2021-05-31 19:47:14','',0,'http://smartinsurance.tips/?p=1575',0,'post','',0),(1574,1,'2021-05-31 19:41:30','2021-05-31 19:41:30','<!-- wp:image {\"id\":1573,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-8-1024x536.png\" alt=\"\" class=\"wp-image-1573\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>The set of habits doesn’t have to be complex, though. Take Satya Nadella, CEO of Microsoft, for example. He has two key habits that he does every day without fail: gratitude and exercise. Each morning, he wakes up and asks himself what he’s thankful for. Acts of gratitude like this are shown to improve mental and physical health. Next, Nadella hits the gym. No matter where he is, he commits to going to the gym for at least 30 minutes. He says it makes a huge difference - and he’s right. People who are physically fit have improved cognitive function.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Good habits for a positive mindset</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your mindset determines how you perceive the people around you and the situations you find yourself in. For that reason, a positive mindset will also determine your success in leadership. Approach your employees and tasks with a positive, enthusiastic mindset, and the results will follow. Approach them with a negative mindset, and you will only get negativity in return. Here’s how to use your habits to put yourself in a better headspace:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Exercise</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To show up with enthusiasm and optimism, you must first feel good. Exercise is an excellent way to boost happiness because it releases “feel-good” chemicals like endorphins, serotonin, and dopamine. The combination of chemicals that are released during exercise are proven to relieve depression and anxiety. One study, showed that 20 minutes of exercise can boost your mood for 12 hours.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. Meditation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Meditation forces you to slow down and reconnect with yourself. Most importantly, it can help you realize that your thoughts are separate from you. You are not your thoughts. When you’re able to make that connection, you’ll find that you judge yourself less. That makes your thinking and decision-making clearer and easier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Breathwork</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If meditation isn’t for you, try breathwork (or do both!). Breathwork has been practiced for centuries for its ability to help increase positivity, focus, and efficiency. The act of sitting still, focusing on the breath, and concentrating on certain breathing techniques forces you to slow down and be present. The result is more mental and physical energy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>4. Healthy eating</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s not surprising that a healthy diet contributes to having a positive mindset. Studies have shown that eating a diet high in whole foods like fruits and veggies increases happiness. Fiber has also been flagged as important, as it contributes to gut health which is linked to mental health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>5. Journaling</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As a leader, you’re probably pressed for time, running from meeting to meeting. With so many problems to solve and people to manage, it’s very easy to get to the end of the day and feel unsure as to how you got there. By that point, you likely have a tornado of thoughts in your head. Journaling — or any other type of self-reflection — is meant to help you release all of those thoughts and separate yourself from them. Then, you can zoom out and refocus on what matters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>6. Start your day without technology</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your waking moments and the hours that follow set the tone for your day. Do you want to start your day with someone else’s words or your own? Instead of jumping right into your phone, try some of the other habits outlined above. By doing so, you choose your own mood instead of letting someone else do it for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>7. Read</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As a leader, you should be committed to ongoing learning. After all, what kind of leader remains stuck in the past with old information? Reading is a great way to open yourself up to new ideas and concepts. Reading also relieves stress, increases empathy, and helps you process your real life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>8. Seek knowledge</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Reading isn’t the only way to learn, of course. Be curious - listen to podcasts, watch speeches, listen to TED talks, take an online course. There are so many ways to gain knowledge. Not only will it mentally stimulate you, but you’ll be a more respectable leader for it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Good habits, powerful results</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When it comes to building habits, slow and steady is best. Adding in one or two new habits can impact multiple areas of your life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.entrepreneur.com/article/369666\">click here</a>.</p>\n<!-- /wp:paragraph -->','Try 8 Habits Successful People Do Every Day','','inherit','closed','closed','','1569-revision-v1','','','2021-05-31 19:41:30','2021-05-31 19:41:30','',1569,'http://smartinsurance.tips/?p=1574',0,'revision','',0),(1581,1,'2021-05-31 19:48:54','2021-05-31 19:48:54','<!-- wp:image {\"id\":1584,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-10-1024x536.png\" alt=\"\" class=\"wp-image-1584\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>A typical all-perils homeowners insurance policy does cover your roof and the cost of replacing it if it gets damaged. That\'s the good news. But usually, you\'re covered only if the damage or destruction results from a sudden accident or act of nature. Problems that ensue from general wear and tear or from a roof that has exceeded its intended life span are not eligible for reimbursement because they fall under the general maintenance responsibility of the homeowner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>Most homeowners insurance policies cover roof replacement if the damage is the result of an act of nature or sudden accidental event.</li><li>Most homeowners insurance policies won\'t pay to replace or repair a roof that\'s gradually deteriorating due to wear-and-tear or neglect.</li><li>Roofs that are over 20 years old often have limited coverage, if any.</li><li>To ensure approval of your claim, keep records of repairs, before-and-after photos, and reports from inspections. Notify your insurance company promptly when damage occurs.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><br><strong>How Roof Coverage Works</strong><br>Of all the parts of your home, the roof arguably has the most direct exposure to the elements. For northern climates, there is the weight of heavy snow and hail or ice storms. In the Midwest, tornados and cyclones are also common problems. In tropical climates, there is the potential for gales and hurricane-force winds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Not only can Mother Nature do direct damage, but she can also trigger other sorts of havoc—like a violent windstorm that topples a tree onto your roof. There may be wildfires. Or there could be more unlikely incidents, like something crashing down on the roof from above—like debris from an explosion or aircraft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Happily, the roof is an integral part of the structure of your home, and so the dwelling coverage section of your homeowners insurance policy typically protects you from such perils. Damage and destruction from such events qualify the homeowner for a total or partial replacement of the roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>Coverage is often curtailed for roofs that are over 20 years old—they may only be insured for their actual cash value, not for their current replacement cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><br>Of course, you\'ll still have to pay your policy deductible before your coverage kicks in. Some policies, especially those written in certain high-risk states, impose a higher deductible for damages that ensue from hurricanes or hailstorms. Residents in those areas wishing to protect their property often have to purchase additional coverage, or a separate windstorm insurance policy. Of course, anyone who wants extra protection or a higher degree of coverage can purchase it as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Special Considerations for Roof Coverage</strong><br>If a dramatic event causes dramatic damage—the roof comes crashing down, has a major hole, or is torn off entirely—coverage is likely. More problematic are instances when the damage is less dramatic, even if an act of nature caused it. Let\'s say a violent thunderstorm nicks a bunch of your roof\'s shingles. The insurance company may classify that as cosmetic damage, and not cover it. Or let\'s say that, after the aforementioned storm, you notice your roof has become leaky. Even though the rains triggered it, the insurance company might claim that\'s a general wear-and-tear problem—reflecting your roof\'s gradual deterioration—which is never covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ironically, any water damage caused by the leaking roof to your walls, floors, or furniture probably would be covered under the all-perils section of your policy. However, the roof repair itself would not be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Preventing Roof Problems</strong><br>It is the responsibility of the property owner to properly care for and maintain their roof, and to be aware of the life span of different materials, which can range from 15 to 100 years. Homeowners can take other steps to help protect their roof—like hiring licensed professionals to perform regular inspections. Many roofing companies will inspect a roof for free in the hopes of earning future business (just don\'t be surprised if they find a lot of problems).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make sure your roof is free of debris and does not hold or collect water. Any trees touching or hanging over the roof should be trimmed back. After a big storm or a long snowy spell, always check your roof to see how the shingles and gutters are doing. If you live in wind-prone areas, see that your home and roof are up to the current building codes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Getting Reimbursed for Roof Replacement</strong><br>Age is not your roof\'s friend. Unless it\'s made of a material with famed longevity, like slate, a roof depreciates with each year; many insurers won\'t cover those that are over a quarter-century old. Other possible policy exclusions could include improper maintenance or neglect, the use of certain expensive roofing materials (like cedar or recycled shake shingles), or roofs with more than two layers of roofing material.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To give yourself the best chance of having your insurance company pay for a roof, the first step is to call them out for an inspection. Before they arrive, gather up as many documents as you can, including a copy of your current home insurance policy, any home inspection reports, receipts for any repair work you’ve done, and photos of any damage that has occurred. (Since before-and-after shots are always useful, it\'s a good idea to take photos of your roof when it\'s healthy.) All will be helpful in the claims process. The insurance company will send out an adjuster to inspect the damage and offer their own assessment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tips to Save on New Roof Costs</strong><br>The average price range for a roof replacement can run from $260 to $700 per square foot depending on the roofing material used. Someone might be able to help you out for as low as $150 to $350 per square foot for asphalt shingle repair. For metal roofs, expect between $350 and $1,000 for tile and metal roof repair. Here are some tips on how to minimize your repair and replacement costs:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Do your research: </strong>Know the size and complexity of your roof and the exact materials you want to have installed before talking to contractors.</li><li><strong>Shop around: </strong>Get quotes from several roofers and always request and check local references before hiring someone. Be wary of extremely low bids, which could mean subpar work, and make sure roofers offer a warranty on materials and installation.</li><li><strong>Time it right:</strong> Roofers are busiest in late summer and fall. Scheduling your roof replacement in late winter or spring may yield lower prices or off-season discounts.</li><li><strong>Do it (or some of it) yourself:</strong> Consider doing part of the work yourself. If you have the time, the proper equipment, and a stomach for heights, removing old roofing before the installer arrives could help cut costs.</li><li>Consider an overlay: An overlay involves installing new shingles on top of existing ones. Because the old roofing stays put, overlays require fewer hours of labor and cost less than a full replacement. However, an overlay may void or shorten the manufacturer\'s warranty on roofing materials. Overlays also typically increase future replacement costs due to increased labor and job waste.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/ask/answers/111815/does-homeowners-insurance-cover-roof-replacement.asp\">click here</a>.</p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Roof Replacement?','','publish','open','open','','does-homeowners-insurance-cover-roof-replacement','','','2021-06-01 21:00:06','2021-06-01 21:00:06','',0,'http://smartinsurance.tips/?p=1581',0,'post','',0),(1582,1,'2021-05-31 19:48:54','2021-05-31 19:48:54','<!-- wp:divi/placeholder /-->','Does homeowners insurance cover roof damage?','','inherit','closed','closed','','1581-revision-v1','','','2021-05-31 19:48:54','2021-05-31 19:48:54','',1581,'http://smartinsurance.tips/?p=1582',0,'revision','',0),(1584,1,'2021-05-31 19:50:09','2021-05-31 19:50:09','','My-Post-10','','inherit','open','closed','','my-post-10-2','','','2021-05-31 19:50:09','2021-05-31 19:50:09','',1581,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-10.png',0,'attachment','image/png',0),(1580,1,'2021-05-31 19:47:12','2021-05-31 19:47:12','<!-- wp:image {\"id\":1578,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-9-1024x536.png\" alt=\"\" class=\"wp-image-1578\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Tire treadwear is about much more than how frequently the tires need to be replaced. How rapidly tires wear down speaks to how soon they will transition from providing optimal grip to losing their ability to divert water and avoid hydroplaning. Treadwear is a cost, convenience, and safety concern.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Our research tells us that when people shop for tires, their primary considerations are all-weather grip, brand, and treadwear warranty. How well a tire holds the road, in various weather conditions, is a core element of the Consumer Reports test program. That information is available on the tire model pages, and the cumulative results are available in our annual Tire Brand Report Card. The treadwear warranty can be located on the CR.org model pages, the brand’s website, and at the local tire store, but we have found that the warranty is only part of the story.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Nearly all tires carry some form of warranty from the manufacturer for defects. These policies are referred to as workmanship and material warranties. Their coverage is typically limited to a specific time period or wear condition, such as when the tire has just 2⁄32 of an inch of tread remaining—the point when it is legally worn out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But those warranties are influenced by marketing decisions, rather than product transparency. For instance, some warranties are a bit conservative to direct buyers to more profitable models. (Learn more about tire warranties.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The only way to truly predict how long a tire will last is to test it. That is exactly what Consumer Reports does with an extensive on-the-road program that measures the wear on two tires per model of driving to 16,000 miles on public roads through the scrub grass of West Texas. (We exclude winter/snow tires, as most do not carry a treadwear warranty.) We list projected mileage based on how tires wear in our tests on the tire model pages. (See our tread life mileage, and much more, in our tire ratings.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Of course, there’s more to a good tire than long life. But longevity is a key to whether a tire you’re considering is a good deal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Noteworthy in the findings is that more than half of the 47 all-season and performance all-season tires could last at least 65,000 miles; five could top 90,000 miles or more. And there’s a wallet-friendly surprise: Tires with the longest life don’t necessarily cost the most. (Learn how to extend tire life.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Do Tire Tread Warranties Wear Thin?</strong><br>Many replacement tires, especially the all-season ones that come standard on a car, minivan, or SUV, have a prorated mileage warranty. It’s based on how long the tread on a tire is expected to last. For the tires in our ratings, it is usually between 50,000 and 90,000 miles. But those warranties often don’t offer the consumer much payback if the tires wear out prematurely. If tires wear out before the warranty mileage is used up, you’ll probably get only a fractional credit representing the miles the tires didn’t cover. And that’s good only toward the purchase of identical or comparable tires from the same manufacturer—which you may not want. You can’t use it to get better tires or tires from another brand.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s where the math really doesn’t add up: The credit can be applied to a manufacturer’s suggested retail price for a new tire or to a dealer’s price. And that price is often high relative to the frequent discounts offered by many retailers. In fact, you may be able to buy new, discounted tires for less than the price of warranty replacements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On top of that, restrictions to get your prorated credit abound. Your tires may have to show even wear across the tread or the deal’s off. You may also have to show receipts that verify you had the tires rotated at the prescribed intervals, usually every 5,000 miles, since they were new.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The tires also have to be worn out, which is defined as having a tread depth of only about 2/32 inch. Tires that are worn out will perform poorly on wet roads and could pose a safety risk. (Learn more about tire warranties.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Our controlled tread life tests cut through the marketing mumbo-jumbo to tell you how many miles your tires will last before becoming worn out. Of course, your actual experience will vary according to the vehicle you drive, how and where you drive, routine maintenance, and other factors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How to Read a Tire Sidewall</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://article.images.consumerreports.org/f_auto/prod/content/dam/CRO-Images-2021/Cars/02Feb/consumer-reports-BG-tire-sidewall-02-21\" alt=\"How to Read a Tire Sidewall\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Tires have a wealth of information encoded on their sidewalls. When replacing them, we recommend staying with the size and speed rating of your car’s original tires. Check your owner’s manual for more information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Size:</strong> On the tire above, 215 is the cross-section width in millimeters; 60 is the ratio of sidewall height to its width (60 percent); R indicates radial-ply construction; and 16 is the wheel rim’s diameter in inches.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Load index: </strong>Shorthand for the weight each tire can carry safely. The 94 here means 1,477 pounds per tire—pretty typical for a midsized car tire. That’s the maximum tire load.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Speed rating: </strong>A letter denoting the tire’s maximum speed when carrying the load defined by the load index—and not how fast you should drive! Standard all-seasons are usually rated T (118 mph) and H (130 mph). Climbing up the scale are V (149 mph), ZR (149-plus mph), W (168 mph), and Y (186 mph) ratings. Winter tires may carry the letter R (106 mph) or higher.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Treadwear grade:</strong> A government-required number that indicates a tire’s expected wear. A grade of 300 denotes a tire that will wear three times as well as a tire graded 100. But the numbers are assigned by tire manufacturers, not an independent third party.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Traction and temperature scores: </strong>Those scores denote a tire’s wet-stopping ability and temperature resistance. For traction, AA is best, C is worst. For temperature resistance, scores range from A (best) to C.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Manufacture date code: </strong>Every tire has a Department of Transportation number after the letters on the sidewall. The last four digits show the week and year the tire was made; for example, the digits 2321 would signify that the tire was made during the 23rd week of 2021. Don’t buy tires more than a couple of years old.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/tires/truth-about-tire-treadwear-how-cr-tests-tread-life/\">click here</a>.</p>\n<!-- /wp:paragraph -->','The Truth About Tire Treadwear','','inherit','closed','closed','','1575-revision-v1','','','2021-05-31 19:47:12','2021-05-31 19:47:12','',1575,'http://smartinsurance.tips/?p=1580',0,'revision','',0),(1586,1,'2021-05-31 21:00:43','2021-05-31 21:00:43','<!-- wp:image {\"id\":1589,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-12-1024x536.png\" alt=\"\" class=\"wp-image-1589\"/><figcaption><span class=\"has-inline-color has-black-color\">Of the approximately 15,000 product categories the government oversees, only a few require testing before hitting the market.</span></figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>To go to the DockATot website is to be transported into a world of idyllic childhood. You’ll see photos of its latest collection showing playrooms with flowing drapes, tasseled blankets, and ornate floral arrangements. At the center are cherubic infants nestled in plush, pillowy products resembling bassinets. “Love, luxury and timelessness are at the heart of this exclusive new collection for style-conscious parents,” a description says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The message: Chic nursery designs can be yours, too—for about $200 to $300.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What you wouldn’t know is that the DockATot and other “in-bed sleepers,” as the products have come to be known, have been linked to at least 13 infant fatalities, according to an ongoing Consumer Reports investigation of government data and lawsuits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The products were originally marketed to parents who wanted the closeness of sharing a bed with their babies but worried about rolling onto them. And while bassinets, cribs, and many other infant sleep products have to, by law, adhere to established safety standards and be tested to prove they meet them, in-bed sleepers do not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, there has been nothing to stop the products—which have significant safety shortcomings—from making their way onto store shelves and into people’s homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>DockATot did not respond to repeated requests for comment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Gaps in the System</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This gap in the product safety system is not unique to in-bed sleepers, or even to baby products. Products often are not required to comply with safety specifications and, for many, “there is no premarket safety testing required,” says Rachel Weintraub, legislative director and general counsel for the Consumer Federation of America, an advocacy group.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Of the approximately 15,000 categories of products overseen by the Consumer Product Safety Commission, the government agency with jurisdiction over many consumer products, only about 70 are governed by what is called a mandatory standard, according to an estimate by Bob Adler, acting chairman of the CPSC.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For those 70 product categories, federal rules mandate compliance with specific safety requirements. Manufacturers must test them, usually through third-party labs. Products that fail these tests must be recalled if they’re already for sale. If the manufacturer has violated the law—for instance, by failing to immediately report a noncompliant product to the CPSC—it can face penalties, such as fines and even criminal prosecution.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Products with mandatory standards include bunk beds, children’s toys, automatic garage door openers, walk-behind lawn mowers, high chairs, bicycle helmets, and portable gasoline containers. There are also federal requirements for materials—including metals, plastics, and textiles—related to toxic substances, such as lead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But most products are governed by voluntary, not mandatory, standards created by independent organizations. These groups—among them ASTM International and Underwriters Laboratories—bring together manufacturers, academics, regulators, consumers, and others to set rules for the products. (CR is a member of ASTM.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:columns {\"verticalAlignment\":\"center\"} -->\n<div class=\"wp-block-columns are-vertically-aligned-center\"><!-- wp:column {\"verticalAlignment\":\"center\",\"width\":\"100%\"} -->\n<div class=\"wp-block-column is-vertically-aligned-center\" style=\"flex-basis:100%\"><!-- wp:group -->\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container\"><!-- wp:group -->\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container\"><!-- wp:paragraph -->\n<p><strong>Product Testing </strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"width\":146,\"height\":146} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/96_percent_belief2\" alt=\"\" width=\"146\" height=\"146\"/><figcaption>B<strong>ELIEF </strong></figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"> 96% of Americans believe products they buy for their home must adhere to a required safety standard.11 Based on a July 2020 CR nationally representative survey of 2,031 American adults. Respondents were asked to focus on products that cost $75 or more. Percentage includes “agree” and “strongly agree” responses.REALITY </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"width\":153,\"height\":153} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/1_percent_reality3\" alt=\"\" width=\"153\" height=\"153\"/><figcaption>REALITY</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">&lt;1% of product categories overseen by the CPSC must comply with a mandatory safety standard. <sup>22</sup> Estimate from acting CPSC chairman Bob Adler.</p>\n<!-- /wp:paragraph --></div></div>\n<!-- /wp:group --></div></div>\n<!-- /wp:group --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p>But because these standards are voluntary, some manufacturers don’t comply with the rules, leaving a hole in the safety net, Weintraub says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to products with mandatory or voluntary standards, a smaller set of products—which includes in-bed sleepers—is not covered by any specific standard. While they must adhere to certain broad, general rules—such as not containing high amounts of lead­—they may be new and different enough from other products that they don’t need to conform to an existing standard, whether mandatory or voluntary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In other words, if someone invents something substantially different from products in existing categories, they can put it on the market even if it has not been safety-tested. Manufacturers don’t have to first get approval from the CPSC or any other governing body.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That is how in-bed sleepers made it to market. It’s also how the Fisher-Price Rock ’n Play Sleeper and other inclined sleepers, which are now linked to 94 deaths, got to store shelves and stayed there for a decade before being recalled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“This contradicts what many consumers think—that if a product is available for sale, it has been tested and approved,” Weintraub says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Product Recalls</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/92_percent_belief2\" alt=\"\"/><figcaption>BELIEF </figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p> 92% of Americans say manufacturers should do all they can to get potentially dangerous recalled products out of homes.<sup>11</sup> Based on a July 2020 CR nationally representative survey of 2,031 American adults. Respondents were asked to focus on products that cost $75 or more. Percentage includes “agree” and “strongly agree” responses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"width\":158,\"height\":158} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/6_percent_reality3\" alt=\"\" width=\"158\" height=\"158\"/><figcaption>REALITY</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>6% of recalled products, on average, are returned or refunded. <sup>22</sup> CPSC, July 2017. Reflects portion of consumers whom the CPSC knows took part in a recall, including those who asked for a repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Indeed, 96 percent of Americans believe products they buy for their home adhere to a required safety standard, according to a 2020 nationally representative CR survey of 2,031 adults, which asked people to focus on products that cost $75 or more. And most people—97 percent—said they expect that manufacturers have tested their products for safety before selling them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“It would be nice to know that every single manufacturer, whether there’s a voluntary product standard or not . . . [has] done some kind of reasonable testing,” Adler says. But, he adds, that is not always the case—and there is no easy way for consumers to know one way or the other.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What’s a ‘Standard,’ Anyway?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Nancy Cowles, executive director of Kids In Danger (KID), a consumer safety group, says there’s another potential problem: Just because a voluntary standard exists doesn’t mean it’s strong enough. For many products, “the existing standard is less than rigorous,” she says, adding that the standard-setting process tends to favor industry over consumers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One glaring example: the voluntary standard for dressers, first set by ASTM in 2000 and updated incrementally over the years. It currently says dressers 27 inches high or taller should remain stable when a 50-pound weight is hung on an open drawer. But almost from the start, safety advocates have said the standard is not tough enough.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Indeed, despite updates to the standard over the years, 218 people died in tip-over incidents involving a dresser, chest, or bureau between 2000 and 2019. And each year, 19,900 people, on average, are treated in hospital emergency rooms for injuries related to furniture tip-overs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, not all manufacturers comply with the standard; after all, it is voluntary. For years, many of Ikea’s dressers did not meet the standard, and some have been linked to the deaths of several children, leading to the recall in 2016 and 2017 of 17.3 million products.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Safety advocates, including those at CR, say the voluntary dresser standard is still not strong enough. They support legislation called the Stop Tip-overs of Unstable, Risky Dressers on Youth (STURDY) Act. It would require the CPSC to create a mandatory rule tougher than the voluntary one. The bill, which passed the U.S. House of Representatives in the last session of Congress but did not make it to the Senate floor, has been reintroduced this year in both chambers and has bipartisan support.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The CPSC’s Adler says he could not have predicted “how lethal” dresser tip-overs could be. “It’s only after you’ve done some appropriate safety testing that you realize there could be a problem,” he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another product whose dangers emerged after entering the marketplace: cords for window blinds and shades. They did not have a voluntary safety standard until 1996. Yet between 1990 and 2015 they were linked to almost 17,000 strangulations, lacerations, and other injuries, and 271 deaths among children younger than 6, according to research in the journal Pediatrics.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Too often, Adler says, companies ask themselves whether their products simply “comply with appropriate standards, and what we need them to do is look beyond the standards to whether there’s a potential for harm.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Jonathan Judge, a partner at the Chicago law firm Schiff Hardin and a CPSC regulation expert who counsels manufacturers, disputes the idea that standards are often weak and that companies don’t do enough to vet their products. “The vast majority of companies really do think about this,” he says. “They’re not interested in having a bunch of returns or a bunch of bad publicity.” He also says that when no standard exists for a new product, companies often adapt existing ones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But that approach might not sufficiently protect consumers from risks that emerge only after a product enters the market. “Safety hazards don’t always announce themselves,” Adler says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4 Products That Lack Safety Standards</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We checked with five major standard-setting and accrediting organizations in the U.S. to see whether these consumer goods have an applicable safety standard. As of April 2021, they did not. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>HOVERBOARDS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/hoverboard-iLive-recalled-cpsc\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Until 2016, there was no standard covering hoverboards’ electrical systems, and some caught fire and were recalled. They’re still not subject to standards governing acceleration, braking, or durability, problems consumers have complained about, though such standards are being developed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>SNORKELS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/Snorkel-BW\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>At least one model was recalled because a piece broke off and was inhaled by a user. Recreational snorkels are not subject to specific standards, as some diving gear is.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>E-SCOOTERS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/E-Scooter-BW\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Some adult and ride-sharing e-scooters have broken or caught fire, leading to injuries and recalls. While children’s e-scooters have some safety standards, a performance standard for adult versions is only now being created.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>INFANT SLEEP HAMMOCKS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/MamaLittleHelper\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Some of these products have been linked to injuries and deaths and have been recalled. These products don’t conform to safety standards or follow safe-sleep advice that babies sleep on their back on a firm, flat surface.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>To Market, Without Testing</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Products marketed for babies and children are of particular concern because the stakes are so high.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In the case of in-bed sleepers, two products were introduced in the early 2000s by two entrepreneurial women working separately on the same goal: to create a product that babies could sleep in while lying next to their parent in bed. But the products’ potential hazards were apparent almost as soon as they came to market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Cribs and bassinets must adhere to mandatory standards that require high walls, a flat mattress, a stand, and no padding. That helps protect against suffocation and is consistent with advice from the American Academy of Pediatrics (AAP) that babies sleep alone, on their backs, on a firm, flat surface free of soft bedding. By contrast, in-bed sleepers tend to have padding and lower, softer sidewalls. And because they have been marketed for use on an adult mattress, they do not necessarily provide a firm, flat sleep surface.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Lisa Furuland Kotsianis had no known experience in product development or child safety before she created the DockATot. Instead, she relied on her experience as a mother and her “background in art, design, and photography” to develop “category-disrupting must-haves,” according to the company website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Similarly, Farah Morton invented the Baby Delight Snuggle Nest in-bed sleeper because she “realized the bassinet she was using prevented the closeness she desired with her newborn daughter,” says a Baby Delight spokesperson, who also says Morton no longer owns the company. According to what appears to be Morton’s LinkedIn page, she developed the product “in order to provide more protection for co-sleeping newborns, opening a category that previously did not exist.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The spokesperson, when asked whether premarket testing was done to ensure that the product was safe for infant sleep, says Morton “engaged a seasoned safety consultant at the time of the first manufacturing.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>THE PROBLEMS WITH IN-BED SLEEPERS </strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>It Has No Stand That makes it unstable, especially when placed on an adult mattress, which can be uneven, increasing the risk of an infant rolling out or into a soft wall. </li><li>The Bottom Is Too Soft The base should be firm, to reduce the chance of suffocation if an infant rolls over. </li><li>The Walls Are Too Low They should be high enough so that babies can’t roll out. </li><li>The Walls Are Too Padded Soft walls increase the risk of suffocation if an infant rolls to the side and presses against the padding.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Though DockATot recently stopped explicitly promoting its product for bed-sharing, as of this April its marketing still showed images of babies sleeping in the product and pictures suggestive of bed-sharing. No details about premarket testing for sleep safety are provided on its website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consumers have responded to the products enthusiastically. The Snuggle Nest has become a best seller for Baby Delight, according to a company spokesperson. And the DockATot caught on with celebrity influencers such as Molly Sims, Kourtney Kardashian, and Hilary Duff, who raved about it on social media and in other outlets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The product’s popularity is concerning, says Ben Hoffman, MD, chairperson of the AAP Council on Injury, Violence, and Poison Prevention. “If you go back to what we know is the safest way for an infant to sleep, in-bed sleepers missed the mark on virtually all accounts,” he says. It’s also unknown, he says, whether in-bed sleepers prevent adults from rolling over and smothering infants. “Basically, the products don’t do anything we would ever expect in a safe sleep space for a baby.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Manufacturers Are Writing Their Own Rules</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Despite Hoffman’s concerns, the makers of in-bed sleepers are now creating their own voluntary standard through ASTM. Whether the products should conform to the bassinet standard, or be sold as loungers instead of as sleep products, is among the concerns that regulators, safety advocates, and industry representatives are debating.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The discussions are taking place against the backdrop of the CPSC’s proposal of a mandatory rule for infant sleep products, which was developed after the high-profile recalls of infant inclined sleepers, including the Fisher-Price Rock ’n Play Sleeper. The agency’s new rule would effectively ban infant sleep products that don’t conform to existing mandatory standards.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After the rule was proposed, DockATot changed its messaging. As of April 2021, its website stated: “Until there is further development on a mandatory standard for all products offered for bedsharing, we will no longer promote our docks for use in bedsharing.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As of April 2021, Baby Delight continued to market the Snuggle Nest for bed-sharing. Of the three fatalities that have been linked to the Snuggle Nest, a spokesperson says that two occurred before the company acquired the product and that none were directly caused by the sleeper. The spokesperson also says the product fills a consumer need: “We know that moms co-sleep,” and the product’s goal “is to make that experience less risky when possible.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That argument is based on a false premise, says Nancy Cowles of KID. “There is no data we know of showing that in-bed sleepers make bed-sharing safer,” she says. The AAP’s Ben Hoffman says the opposite may even be true. “We know that the likelihood of infant sleep-related deaths goes up when you start deviating from best safe-sleep practices,” he says. “When you’ve got products that facilitate dangerous sleep behaviors, that increases risk.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Further, to safety advocates, the idea of working backward to create a standard for a product that’s already being sold but hasn’t been safety-tested brings back bad memories of the Rock ’n Play Sleeper. “The dangers of inclined sleepers were hidden from the public for nearly a decade, and infants died,” says Oriene Shin, CR policy counsel for product safety. “Manufacturers sold dangerous products by the millions, and only tried after the fact to create standards to validate their safety. Why would we want to go down that path again?”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When the Rock ’n Play Sleeper was introduced in 2009, no voluntary or mandatory standard existed for inclined sleepers. But in 2010, when the CPSC began updating standards for bassinets, cribs, and play yards to make them mandatory, it became clear that the Rock ’n Play Sleeper—with its incline and padding—would not comply.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But instead of changing its design, Fisher-Price asked for, and was granted, an exemption. That freed manufacturers to create their own voluntary standard through ASTM—and to continue selling inclined sleepers. It was only in 2019, after CR exposed dozens of deaths connected to the sleepers, that Fisher-Price and others recalled them. Such recalls now total almost 6 million.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is a cautionary tale, says Regina Calcaterra, a lawyer representing several families whose children died in the Rock ’n Play Sleeper. “Before the CPSC again delegates potentially lifesaving standards for infant sleep products to ASTM,” and “then to manufacturers who financially benefit, CPSC commissioners should hear from the parents who are grieving,” she says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>CR’s Shin adds: “Manufacturers shouldn’t be in charge of their own safety rules.” Instead, she says, “there should be a much stronger and better-funded CPSC that can get ahead of emerging hazards and hold companies accountable from the start—including by stopping them from carving out exceptions for unproven products, like in-bed sleepers.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The CPSC’s Adler says the agency is doing as much as it can with the little funding it gets, adding that he hopes Congress will increase CPSC funds. That’s necessary to protect consumers, he said in a recent address. “As long as entrepreneurs dream up new products and chemists develop new concoctions, new safety hazards will always emerge.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How to Protect Yourself</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Though it’s not always easy, here are some steps you can take to find out whether a product has been safety-tested or vetted.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Read the labels.</strong>&nbsp;A product’s packaging, manual, or tag may reference a standard-setting or standard-certifying organization, such as ASTM or UL. That reference might note which specific standard applies to your product, such as “ASTM F2057-19” or “UL 749.” For more on labels, see the chart below.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Call the manufacturer.</strong>&nbsp;If there is no label or standard shown on the product, call the company and ask what safety standards the product meets and whether a third-party lab has verified this.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Check SaferProducts.gov</strong>. On this CPSC website, you can learn whether a product has been recalled. And if you have an unsafe product or one that has caused harm, you can report it on the site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/product-safety/is-this-safe-to-buy-how-dangerous-products-get-and-stay-on-the-market/\">click here</a>.</p>\n<!-- /wp:paragraph -->','Is This Safe to Buy? How Dangerous Products Get—and Stay—on the Market.','','publish','open','open','','is-this-safe-to-buy-how-dangerous-products-get-and-stay-on-the-market','','','2021-05-31 21:19:48','2021-05-31 21:19:48','',0,'http://smartinsurance.tips/?p=1586',0,'post','',0),(1587,1,'2021-05-31 21:00:43','2021-05-31 21:00:43','<!-- wp:divi/placeholder /-->','Is This Safe to Buy? How Dangerous Products Get—and Stay—on the Market.','','inherit','closed','closed','','1586-revision-v1','','','2021-05-31 21:00:43','2021-05-31 21:00:43','',1586,'http://smartinsurance.tips/?p=1587',0,'revision','',0),(1589,1,'2021-05-31 21:02:04','2021-05-31 21:02:04','','My-Post-12','','inherit','open','closed','','my-post-12','','','2021-05-31 21:02:04','2021-05-31 21:02:04','',1586,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-12.png',0,'attachment','image/png',0),(1585,1,'2021-05-31 19:56:09','2021-05-31 19:56:09','<!-- wp:image {\"id\":1584,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-10-1024x536.png\" alt=\"\" class=\"wp-image-1584\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>A typical all-perils homeowners insurance policy does cover your roof and the cost of replacing it if it gets damaged. That\'s the good news. But usually, you\'re covered only if the damage or destruction results from a sudden accident or act of nature. Problems that ensue from general wear and tear or from a roof that has exceeded its intended life span are not eligible for reimbursement because they fall under the general maintenance responsibility of the homeowner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>Most homeowners insurance policies cover roof replacement if the damage is the result of an act of nature or sudden accidental event.</li><li>Most homeowners insurance policies won\'t pay to replace or repair a roof that\'s gradually deteriorating due to wear-and-tear or neglect.</li><li>Roofs that are over 20 years old often have limited coverage, if any.</li><li>To ensure approval of your claim, keep records of repairs, before-and-after photos, and reports from inspections. Notify your insurance company promptly when damage occurs.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><br><strong>How Roof Coverage Works</strong><br>Of all the parts of your home, the roof arguably has the most direct exposure to the elements. For northern climates, there is the weight of heavy snow and hail or ice storms. In the Midwest, tornados and cyclones are also common problems. In tropical climates, there is the potential for gales and hurricane-force winds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Not only can Mother Nature do direct damage, but she can also trigger other sorts of havoc—like a violent windstorm that topples a tree onto your roof. There may be wildfires. Or there could be more unlikely incidents, like something crashing down on the roof from above—like debris from an explosion or aircraft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Happily, the roof is an integral part of the structure of your home, and so the dwelling coverage section of your homeowners insurance policy typically protects you from such perils. Damage and destruction from such events qualify the homeowner for a total or partial replacement of the roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>Coverage is often curtailed for roofs that are over 20 years old—they may only be insured for their actual cash value, not for their current replacement cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><br>Of course, you\'ll still have to pay your policy deductible before your coverage kicks in. Some policies, especially those written in certain high-risk states, impose a higher deductible for damages that ensue from hurricanes or hailstorms. Residents in those areas wishing to protect their property often have to purchase additional coverage, or a separate windstorm insurance policy. Of course, anyone who wants extra protection or a higher degree of coverage can purchase it as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Special Considerations for Roof Coverage</strong><br>If a dramatic event causes dramatic damage—the roof comes crashing down, has a major hole, or is torn off entirely—coverage is likely. More problematic are instances when the damage is less dramatic, even if an act of nature caused it. Let\'s say a violent thunderstorm nicks a bunch of your roof\'s shingles. The insurance company may classify that as cosmetic damage, and not cover it. Or let\'s say that, after the aforementioned storm, you notice your roof has become leaky. Even though the rains triggered it, the insurance company might claim that\'s a general wear-and-tear problem—reflecting your roof\'s gradual deterioration—which is never covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ironically, any water damage caused by the leaking roof to your walls, floors, or furniture probably would be covered under the all-perils section of your policy. However, the roof repair itself would not be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Preventing Roof Problems</strong><br>It is the responsibility of the property owner to properly care for and maintain their roof, and to be aware of the life span of different materials, which can range from 15 to 100 years. Homeowners can take other steps to help protect their roof—like hiring licensed professionals to perform regular inspections. Many roofing companies will inspect a roof for free in the hopes of earning future business (just don\'t be surprised if they find a lot of problems).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make sure your roof is free of debris and does not hold or collect water. Any trees touching or hanging over the roof should be trimmed back. After a big storm or a long snowy spell, always check your roof to see how the shingles and gutters are doing. If you live in wind-prone areas, see that your home and roof are up to the current building codes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Getting Reimbursed for Roof Replacement</strong><br>Age is not your roof\'s friend. Unless it\'s made of a material with famed longevity, like slate, a roof depreciates with each year; many insurers won\'t cover those that are over a quarter-century old. Other possible policy exclusions could include improper maintenance or neglect, the use of certain expensive roofing materials (like cedar or recycled shake shingles), or roofs with more than two layers of roofing material.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To give yourself the best chance of having your insurance company pay for a roof, the first step is to call them out for an inspection. Before they arrive, gather up as many documents as you can, including a copy of your current home insurance policy, any home inspection reports, receipts for any repair work you’ve done, and photos of any damage that has occurred. (Since before-and-after shots are always useful, it\'s a good idea to take photos of your roof when it\'s healthy.) All will be helpful in the claims process. The insurance company will send out an adjuster to inspect the damage and offer their own assessment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tips to Save on New Roof Costs</strong><br>The average price range for a roof replacement can run from $260 to $700 per square foot depending on the roofing material used. Someone might be able to help you out for as low as $150 to $350 per square foot for asphalt shingle repair. For metal roofs, expect between $350 and $1,000 for tile and metal roof repair. Here are some tips on how to minimize your repair and replacement costs:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Do your research: </strong>Know the size and complexity of your roof and the exact materials you want to have installed before talking to contractors.<br><strong>Shop around: </strong>Get quotes from several roofers and always request and check local references before hiring someone. Be wary of extremely low bids, which could mean subpar work, and make sure roofers offer a warranty on materials and installation.<br><strong>Time it right:</strong> Roofers are busiest in late summer and fall. Scheduling your roof replacement in late winter or spring may yield lower prices or off-season discounts.<br><strong>Do it (or some of it) yourself:</strong> Consider doing part of the work yourself. If you have the time, the proper equipment, and a stomach for heights, removing old roofing before the installer arrives could help cut costs.<br>Consider an overlay: An overlay involves installing new shingles on top of existing ones. Because the old roofing stays put, overlays require fewer hours of labor and cost less than a full replacement. However, an overlay may void or shorten the manufacturer\'s warranty on roofing materials. Overlays also typically increase future replacement costs due to increased labor and job waste.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/ask/answers/111815/does-homeowners-insurance-cover-roof-replacement.asp\">click here</a>.</p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Roof Replacement?','','inherit','closed','closed','','1581-revision-v1','','','2021-05-31 19:56:09','2021-05-31 19:56:09','',1581,'http://smartinsurance.tips/?p=1585',0,'revision','',0),(1597,1,'2021-05-31 21:36:34','2021-05-31 21:36:34','<!-- wp:image {\"id\":1600,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-15-1024x536.png\" alt=\"\" class=\"wp-image-1600\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>I’ve had a valid driver’s license for 11 years with a perfectly clean record – no accidents, no speeding tickets, and not even a warning – so I was completely blindsided the day my SUV was rocked by the sound of a truck colliding into my driver’s side door, almost taking off the front bumper of my car. My kids and I were completely fine, but since it was my first accident, I was in a state of shock as I pulled my car into a nearby parking lot. Oddly, it wasn’t the fear of getting hurt, or the concern for my car that stands out about that day, but the disconcerting feeling of being in unfamiliar territory with no idea what to do. Immediately the other driver was out of his car and at my door, which wouldn’t open from the inside. I had to climb out of the passenger-side door to meet him, and he was ready for a fight. It was then that I had my “baptism by fire” and had to learn how to deal with car accidents, auto insurance, and other drivers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Lessons Learned From a Minor Car Accident</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While every situation is different, there are at least five important things to consider when you experience an accident. By taking the time to think about them in advance, you can save yourself mountains of grief in the event that an accident takes place.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>1. Watch Your Words</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>“Admit it was your fault” were the first words out of the other driver’s mouth. Call it the Canadian in me, but my first instinct was to apologize profusely, even though I knew it wasn’t my fault. From what I could gather, I had been in the left turn lane when the truck crossed over from the right lane, trying to turn without checking his blind spot. Luckily, I clamped my mouth shut and ignored the man as I checked on my daughter. But I was confused – why was he insisting that I say it was my fault before we even assessed what happened? When I didn’t respond, the man got on the phone to report the accident to the police – the right thing to do. Soon after, an officer showed up and began working on his report. While the officer walked around the vehicles to assess the damage, the other driver kept needling me, “So, you admit it was your fault, right? Just say it was!” I simply said “I don’t know.” When the cop overheard the man, he chastised him for his behavior. The officer then took me aside and told me that in the event of an accident I should only exchange insurance information, and should never accept fault. I know this may sound naive,&nbsp;but I had no idea<em>.&nbsp;</em>The police officer let me know that the insurance companies would manage everything, and I didn’t need to answer the other driver’s questions. I learned two important lessons that day: You should never accept fault at the scene of an accident, and you should watch your words when speaking to the other driver. Getting upset, yelling, and placing blame only made the other man look bad to the police officer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>2. Treat Law Enforcement as an Ally</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I was so relieved when the police officer showed up to take his report, mostly because I knew that determining fault was out of my hands. I&nbsp;began thinking of the officer as my ally – someone who would keep me safe and determine fault from a neutral perspective. I’ll confess that I was visibly shaken when the officer arrived, so it was hard for me to explain exactly what happened. I did my best, and he pieced together the rest based on the damage done to our respective vehicles. He knew that the other car had turned into me due to the tire damage along the side of my car. The other driver wasn’t pleased to give his side of the story. He was despondent about the accident, combative about my role in it, and downright angry when he received a citation. I wouldn’t go as far as to say that he wouldn’t have received the citation had he been more cooperative, but I do think that his attitude toward the officer affected the final report sent to our insurance companies. When speaking with a police officer at the scene of an accident, remember these points about making your statement:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Tell the officer the direction in which you were headed.</li><li>Note any signaling you saw or used before acting (e.g., a turn signal).</li><li>Mention any injuries that you or those in your car experienced due to the collision (including soreness or whip lash).</li><li>Share details about what you did leading up to and following the accident, without making assumptions about the actions of the other driver. For instance, you shouldn’t say, “I guess he forgot to signal and wanted to turn left.” This type of statement could be completely incorrect, and it makes you look like you’re placing blame.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Be honest and calm when giving your statement – law enforcement is your friend in these situations. As a neutral third-party, a police officer can help sort out the confusion and keep you safe through the process. I know I’m forever grateful for the cop who showed up at my accident scene – he was courteous, helpful, and kind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>3. Take Pictures and Memorize Details</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While the police officer wrote up his report, he escorted the other driver and me around each of our vehicles. My car sustained most of the damage, with almost the entire front end visibly smashed. The other driver complained that his side mirror was damaged, but the officer recognized that it was merely folded in. That’s when I got out my phone and started snapping pictures. I had a gut feeling that the other driver wasn’t going to play by the rules, and I wanted to be sure that I had all the details right. I snapped pictures of the damage to both cars, pictures of the intersection and traffic signals, as well as pictures of our insurance cards and the other driver’s license plate. I made a point to record and memorize street names and the length of the turning lane. Later, when both insurance companies called to get my side of the story, I pulled up the intersection on Google Earth and was able to give an exact report, knowing that I had all the details right. This only served to further my case, helping show that I was an attentive and conscientious driver. I’ve since downloaded my insurance company’s app onto my cellphone so that I always have quick access to the claims department, as well as an e-copy of my insurance – something I wish I had prior to my accident.&nbsp;Of course you should always have a copy of your insurance in your car, but having one on your phone adds an extra layer of confidence in the event of an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>4. Choose Your Claim Method</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are several different insurance claim methods you can use to submit a claim:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Not-at Fault Claims</strong>. My insurance company recommended that rather than spending money out-of-pocket to pay for repairs and a temporary rental car, I should have my car repaired through one of their certified body shops that they would cover directly. This would enable them to then work with the other party’s insurance company to have the expenses reimbursed. This saved me the trouble of paying for the repairs and personally working with the other man’s insurance for reimbursement.</li><li><strong>At-Fault Claims</strong>. Had I been at fault, I wouldn’t have been reimbursed for the cost of my deductible. Because the other driver was at fault, his insurance paid my insurance back for the repairs, including my deductible. If you’re at-fault for an accident, your insurance companies will cover the cost of your repairs, but you won’t get your deductible back, and your insurance premiums could increase.</li><li><strong>Total Loss Claims</strong>. If your vehicle is damaged beyond repair, or if the repairs cost more than your car is worth, you’re probably eligible for a claim that covers your total loss. This amount is determined based on the make, model, year, and condition of your car. In this event, you simply fill out an information packet that your insurance company sends to an agent who inspects your car to confirm that it is a total loss. The insurance then cuts a check for you.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Because of my situation, I filed a not-at-fault claim, choosing to have my insurance company arrange and pay for the repairs. There are a few clear benefits to this choice:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Your insurance company has a vested interest in making sure you’re satisfied with their service, so they work much faster than an insurance company for whom you aren’t a customer.</li><li>The claims process can take months. In my case, the other driver continued to fight the fault assigned to him, so it ended up going into arbitration – a method by which a neutral third party is assigned to look over the case, assess police reports and costs, and assign fault.&nbsp;The arbitrator eventually found in my favor, but if I had paid out-of-pocket for repairs, it would have taken almost a year before I recouped my costs. I’m glad I was only out a $500 deductible for that long, rather than thousands of dollars in repairs.</li><li>The repair process was relatively painless. I dropped my SUV off at the body shop, paid my deductible, and all the repair invoices were then submitted to and paid by my insurance company. I didn’t have to keep receipts, shop around for the best deal, or pay more than the initial deductible.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Not all claims go this smoothly, but given the choice between having my insurance company take care of everything, or paying for it myself, then working with my insurance company to be compensated&nbsp;through the other driver’s insurance company, the in-house method was definitely easier. Still, it’s a good idea to ask your claims adjuster which method works best for your situation. There’s no one-size-fits-all solution, and your adjuster might suggest a different route based on the other driver’s insurance, the extent of the damage, and your own level of insurance coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>5. Stay Calm</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I didn’t feel like staying calm while working through the aftermath of my accident. From the accident’s initial shock, to the months of dealing with insurance companies, to the constant conflicting stories being issued by the other driver, it was tempting to fly off the handle and tell the other driver’s insurance just what I thought of him. But if there’s one thing that I learned through the experience, it’s that you catch more flies with honey than with vinegar. Car accidents are awful, but getting upset, yelling, placing blame, and pointing fingers won’t serve you well. The police officer and claims adjusters I worked with responded well to a calm voice and a practical attitude. In my case, the other driver tried contacting me several times after the accident was deemed his fault. I ignored the calls and checked with my insurance company. Sure enough, they let me know that there’s no reason for the people involved in the accident to speak to one another after the accident – all communication should go through the insurance companies. By keeping a steady head, the stress of the accident and its aftermath do eventually subside.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Final Word</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I feel lucky that no one was hurt and that my SUV has since been repaired and is running smoothly. It was actually the mental aspect of the experience that I found most difficult. While I wish I had been more prepared, I’m glad for what it’s taught me. For one, I’m a much more attentive and defensive driver, and that’s a good thing. What’s more, I have a better understanding of the insurance process and I now know what to say (and what not to say) if I ever find myself in a similar situation again. Have you ever been in a car accident? What did the experience teach you?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.moneycrashers.com/what-to-do-after-car-accident/\">click here</a>.</p>\n<!-- /wp:paragraph -->','What to Do After a Car Accident? - Injuries, Damages & Insurance Claims','','publish','open','open','','what-to-do-after-a-car-accident-injuries-damages-insurance-claims','','','2021-06-21 20:56:58','2021-06-21 20:56:58','',0,'http://smartinsurance.tips/?p=1597',0,'post','',0),(1598,1,'2021-05-31 21:36:34','2021-05-31 21:36:34','<!-- wp:divi/placeholder /-->','What to Do After a Car Accident – Injuries, Damages & Insurance Claims','','inherit','closed','closed','','1597-revision-v1','','','2021-05-31 21:36:34','2021-05-31 21:36:34','',1597,'http://smartinsurance.tips/?p=1598',0,'revision','',0),(1606,1,'2021-05-31 22:00:58','2021-05-31 22:00:58','<!-- wp:image {\"id\":1605,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-16-1024x536.png\" alt=\"\" class=\"wp-image-1605\"/><figcaption><span class=\"has-inline-color has-black-color\">Umbrella insurance extends the coverage of other property and casualty insurance policies you own.</span></figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-4\">What Is Umbrella Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Property and casualty policies have coverage limits. You\'re responsible for any costs beyond your coverage limits unless you have umbrella insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Umbrella insurance is a secondary type of liability insurance covering your liability above and beyond the standard liability you have taken on your homeowners insurance policy. It protects you above and beyond the limits on your homeowners or condo insurance, car insurance, watercraft, or other personal insurance policies and offers added liability protection for lawsuits or claims you\'re found responsible for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Alternate name</strong>: Personal excess liability insurance</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-11\">How Umbrella Insurance Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Umbrella liability insurance can protect you from:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-6\"><li>Litigation arising from property damage and/or injuries</li><li>Associated legal defense costs</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">In most cases, before umbrella insurance starts paying, an underlying liability policy must pay out first. For example, a home insurance policy provides the primary liability for a loss. Once the amount of money in the homeowners personal liability coverage is exhausted or maxed out, the umbrella insurance kicks in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Let\'s say you\'re in a collision and found to be at fault. Your car insurance policy has $500,000 per accident of liability coverage. One of the passengers in the collision was injured and can\'t continue in their line of work. They sue you for damages. Depending on their profession, you could be on the line for a lot more than $500,000. If your insurance company and the passenger reach a settlement for $750,000, you would be responsible for the difference unless you had an umbrella policy. The umbrella policy would pay the difference up to its policy limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-20\">Requirements for Umbrella Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Insurance companies set the underwriting requirements for umbrella policies. The umbrella policy wording will clearly state the minimum amount of liability required to qualify for the umbrella policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, states typically require a minimum amount of liability coverage in auto policies, but that may not be enough to meet the minimum underlying insurance requirements of the umbrella policy.1﻿ In that case, you would increase your liability limits on the primary policy first and then add the umbrella policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies require you to insure all your properties with them before offering you umbrella coverage. They may add the umbrella coverage as an endorsement to your existing policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Umbrella policy underwriting varies from company to company and may provide coverage for tens of millions of dollars or as little as $1 million. It all depends on you and your budget. Also note that some companies can double or triple the coverage from $1 million to two or three, but the cost of the coverage doesn\'t double or triple respectively. It\'s worth getting quotes for a few umbrella insurance policies before you make your decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-29\">Do I Need Umbrella Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">Property and casualty policies have limits on&nbsp;liability coverage, which is the portion of your policy that pays for expenses such as an injured person\'s:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><li>Medical bills</li><li>Rehabilitative therapy</li><li>Lost wages</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">The liability portion of an insurance policy also covers legal defense fees. Once you add up all of the expenses and the legal fees, the standard liability in a homeowners or auto policy often isn\'t enough.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Almost every state has financial responsibility laws that will hold drivers accountable for bodily injury and property damage resulting from accidents, and the at-fault driver could be sued for the damage. Personal assets could also be seized following a lawsuit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip: </strong>Even if you have no assets, you can still be held liable for damages, and you may be required to pay off the damages awarded with future earnings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A personal liability umbrella insurance policy can give you extra liability protection without additional costs. The Insurance Information Institute estimates that a $1 million policy costs between $150 to $300 a year. Additional liability insurance is inexpensive, especially compared to the value of the coverage you get; paying $150 to $300 in exchange for $1 million of protection is the cheapest million dollars you\'ll ever buy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>Umbrella insurance extends the coverage of other property and casualty insurance policies you own. </li><li>In most cases, before umbrella insurance starts paying, an underlying liability policy must pay out first. </li><li>Insurance companies set the underwriting requirements for umbrella policies. The umbrella policy wording will clearly state the minimum amount of liability required to qualify for the umbrella policy.</li><li>Once you add up the expenses and legal fees associated with injuries, standard liability coverage may fall short, which is why you may need umbrella insurance. </li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/why-every-policyholder-needs-umbrella-insurance-2645466\">click here</a>.</p>\n<!-- /wp:paragraph -->','What Is Umbrella Insurance?','','inherit','closed','closed','','1602-revision-v1','','','2021-05-31 22:00:58','2021-05-31 22:00:58','',1602,'http://smartinsurance.tips/?p=1606',0,'revision','',0),(1600,1,'2021-05-31 21:37:20','2021-05-31 21:37:20','','My-Post-15','','inherit','open','closed','','my-post-15','','','2021-05-31 21:37:20','2021-05-31 21:37:20','',1597,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-15.png',0,'attachment','image/png',0),(1591,1,'2021-05-31 21:20:16','2021-05-31 21:20:16','<!-- wp:image {\"align\":\"left\",\"id\":1595,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-14-1024x536.png\" alt=\"\" class=\"wp-image-1595\"/><figcaption><span style=\"color:#1e1e1e\" class=\"has-inline-color\">Like any financial commitment, it has pros and cons.</span></figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Homeownership has always been part of the American Dream. Because of that, many people accept owning a home as the right, even obligatory, thing to do without considering the benefits and the risks. If you are contemplating buying a home, you should know and review the pros and cons of the investment you are about to make—as you would any investment decision—before signing on the dotted line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>If you are considering homeownership, be aware of and review the advantages along with any potential risks you may face before you close the deal.</li><li>The benefits of investing in a home include appreciation, home equity, tax deductions, and deductible expenses.</li><li>Risks and caveats of investing in a home can include high upfront costs, depreciation, and illiquidity.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-13\">Attractive Long-Term Investment</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Appreciation represents the increase in home values over time. Real estate prices are cyclical, and homeowners shouldn\'t expect the property\'s value to increase drastically in the short-term. But if you stay in your home long enough, there\'s a very good likelihood you will be able to sell your home for a profit because of appreciation later in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, buying a home is one of the best long-term investments you can make. Despite dramatic dips such as 2008 Housing Crash, residential real estate tends to rise in value. Median home prices in the U.S. rose from $298,900 in fourth quarter of 2014 to $346,800 in the fourth quarter of 2020—a more than 16% increase in value in six years. Go back a decade, when the median sales price was $219,000 (Q4 2009), and you have a 42.7% increase.1﻿﻿ That’s not a bad return on an investment (ROI) that also provides you with a place to live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Real estate appreciates primarily because of the land on which the home sits, while the actual structure depreciates as time goes by. So the expression \"location, location, location\" is not just a real estate catch-phrase, but a very important consideration when buying a home. The neighborhood with the amenities it brings—school districts, parks, condition of roads, etc.—and the city where the home is located all factor into the property\'s appreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consider a home that is rundown and dilapidated to the point that it\'s uninhabitable. The land underneath the home may still be worth a significant amount of money—more than the residence, in this case. A seller may consider selling it as is (with the structure still intact) or spending a little extra to demolish the home and sell the land at a higher price on its own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-13\">Building Equity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home equity represents the difference between how much you still owe on your mortgage and the market price or value of your home. Home equity and appreciation may be considered together. As noted above, your home likely would grow in market value over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your equity also grows as you pay down your mortgage, with less of your payment going toward interest and more toward lowering the balance on your loan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>Appreciation is the change in the value of your home over time, while home equity is the difference between the balance on your mortgage and your home\'s market value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Building equity does take some time because it takes time to lower the principal balance owing on the mortgage loan—unless, of course, you make a large down payment or regular prepayments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One thing to keep in mind, though, is that the length of time you have your home is a big factor in how much equity you build and the appreciation you can realize. The longer you keep it, the more equity you obtain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As you pay down your mortgage and reduce the amount you owe, without realizing it, you are saving as the value of your home is increasing—just as the value of your savings account increases with interest. When you sell, you likely would get back every dollar you paid out and more, assuming you stay in your house long enough. Over time, the average 6% return (interest rate) on your savings should more than cover your outlay.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another plus is that home equity provides flexibility to get a loan that is tied to the amount of your home equity. Many investors follow their home equity and home appreciation simultaneously. If an investor believes their home value is greatly appreciating, they may put off a home equity loan to have a better opportunity to realize a seller’s appreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Mortgage lending discrimination is illegal. If you think you\'ve been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. One such step is to file a report to the Consumer Financial Protection Bureau or with the U.S. Department of Housing and Urban Development (HUD).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-30\">Location, Location, Location</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While paying down your mortgage works the same no matter where you live, market-value growth varies with location. According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), real estate prices rose an average of 32.88% over the five-year period ending Dec. 31, 2019, in the U.S. overall. However, prices in the Middle Atlantic census division rose by only 23.21%, and prices in the Pacific census division climbed by an average of 40.39%.3﻿﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>To see how this might affect prices where you plan to buy, check out the full FHFA chart below:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>&nbsp;Division</th><th>&nbsp;Division Ranking</th><th>&nbsp;One-Year</th><th>&nbsp;Quarter</th><th>&nbsp;Five-Year</th><th>&nbsp;Since Q1 1991</th></tr></thead><tbody><tr><td><strong>USA</strong></td><td>&nbsp;&nbsp;</td><td>4.94%</td><td>1.11%</td><td>32.93%</td><td>174.44%</td></tr><tr><td><strong>Mountain</strong></td><td>1</td><td>6.91%&nbsp;</td><td>1.77%</td><td>47.18%</td><td>276.71%</td></tr><tr><td><strong>Pacific</strong></td><td>2</td><td>4.45%</td><td>1.08%</td><td>41.04%</td><td>218.63%</td></tr><tr><td><strong>South Atlantic</strong></td><td>3</td><td>4.96%</td><td>1.02%</td><td>36.39%</td><td>177.94%</td></tr><tr><td><strong>West South Central</strong></td><td>4</td><td>4.65%</td><td>1.02%</td><td>30.75%</td><td>188.76%</td></tr><tr><td><strong>East South Central</strong></td><td>5</td><td>5.27%</td><td>0.99%</td><td>29.59%</td><td>149.60%</td></tr><tr><td><strong>East North Centra</strong>l</td><td>6</td><td>5.16%</td><td>1.15%</td><td>30.25%</td><td>128.07%</td></tr><tr><td><strong>New England</strong></td><td>7</td><td>4.67%</td><td>1.35%</td><td>24.41%</td><td>152.51%</td></tr><tr><td><strong>West North Central</strong></td><td>8</td><td>4.78%</td><td>1.16%</td><td>28.60%</td><td>171.64%</td></tr><tr><td><strong>Middle Atlantic</strong></td><td>9</td><td>4.04%</td><td>0.76%</td><td>22.26%</td><td>146.18%</td></tr></tbody></table><figcaption>Source: FHFA U.S. House Price Index - 3Q 2019.</figcaption></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-39\">Capital Gains Exclusion</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Eventually, you will sell your home. When you do, the law allows you to keep the profits and pay no capital gains taxes. Well, not necessarily all the profits. The Internal Revenue Service (IRS) allows a tax-free profit of as much as $250,000 for single homeowners and $500,000 for married couples—for your main residence only, not for a second home or vacation property.5﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are a few requirements you need to meet in order to qualify for this exclusion. You must own the home for at least two years—24 months—within the last five years up to the closing date. The residence requirement dictates that you should have lived in the home for at least two years during the five-year period leading up to the sale. The final requirement, the look-back requirement, outlines that you didn\'t profit from selling another primary residence during the two-year period leading up to the most recent sale.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-44\">Tax Deductions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After appreciation, the benefit of homeownership that is cited most often is tax deductions or savings. When you buy a home, you can deduct some of the expenses of owning that home from the taxes you pay to the government. This includes mortgage interest on both your principal residence and a second home, which can amount to thousands of dollars per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Interest on home-equity loans, or home-equity lines of credit (HELOC), is also deductible if the funds are used to improve your home substantially.7 You can also deduct as much as $10,000 in state and local (SALT) taxes, including property taxes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-49\">The Tax Cuts and Jobs Act\'s Effect</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The Tax Cuts and Jobs Act made substantial changes to the parts of the tax code that have to do with homeownership. Unless a future Congress amends the law, all provisions will expire after Dec. 31, 2025.9﻿ But for now, changes in that law have reduced the value of owning a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The law limits mortgage interest deductions to $750,000 of total mortgage debt, including for a first and second home and any home-equity or HELOC loans. However, the higher limitation of $1 million in mortgage debt still applies for indebtedness incurred before December 16, 2017.6</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The law also set the SALT deduction limit to $10,000.8﻿ Other new provisions include restrictions on claiming casualty losses except for federally declared disasters.10﻿ The moving expenses deduction no longer exist, except for the active-duty military moving for reasons of work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>All these changes have lowered the value of owning a home—including the fact that, with the near doubling of the standard deduction (another feature of the Act), fewer people will have enough deductions to file Schedule A instead of taking the standard deduction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So the fact that you are eligible for a tax deduction does not mean that it will end up being useful to you. The severe limiting of the SALT deduction will be particularly detrimental in lowering available deductions for people who live in highly taxed states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-60\">High Upfront Costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The cost of investing in a home can be high—there\'s more to your expenses than the property\'s selling price and the interest rate on your mortgage. For starters, you can expect to pay anywhere from 2% to 5% of the purchase price in closing costs. Some of the most common closing costs include an application fee, appraisal fee, attorney fees, property taxes, mortgage insurance, home inspection, first-year homeowner’s insurance premium, title search, title insurance, points (prepaid interest), origination fee, recording fees, and survey fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Experts say you should plan to stay in your house at least five years to recover those costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-65\">Potential Depreciation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not all homes grow in value. The housing crisis of 2008 resulted in many homeowners being underwater, which means owing more on your mortgage than your home is worth. It doesn’t take a housing crisis for home prices to stagnate or drop. Regional or local economic conditions can result in home values that don’t keep up with inflation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Remember, too, that the actual structure you live in will depreciate over time. This can be a result of wear and tear on the property, or a lack of maintenance and repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-70\">Pride and Financial Responsibilities</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ownership comes with responsibilities, however. You must pay your mortgage or risk losing your home and the equity you’ve built. Maintenance and upkeep are your responsibility. You can’t call the landlord at 2:00 a.m. to have a leaky water pipe repaired. If the roof is damaged, you must repair it—or have it repaired—yourself. Lawn mowing, snow removal, homeowners insurance, and liability insurance all fall on you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-75\">Illiquidity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-76\">Unlike stock, which can be sold within a matter of days, homes typically take much longer to unload. The fact that you might have access to $500,000 in tax-free capital gains doesn’t mean that you have ready access. Meanwhile, you still must make mortgage payments and maintain the house until you sell it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-78\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-79\">A home is an investment that comes with many investment benefits but also risks, which makes it an investment that is not for everyone. Weighing the investment benefits against the risks is important. A rational comparison of pros and cons can help you decide whether to put your money into a home investment or potentially find better returns elsewhere.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/mortgages-real-estate/08/home-ownership.asp\">click here</a>.<br></p>\n<!-- /wp:paragraph -->','Homeownership as an Investment','','publish','open','open','','with-home-values-high-this-is-how-owners-can-benefit','','','2021-06-01 21:08:39','2021-06-01 21:08:39','',0,'http://smartinsurance.tips/?p=1591',0,'post','',0),(1592,1,'2021-05-31 21:20:16','2021-05-31 21:20:16','<!-- wp:divi/placeholder /-->','With home values high, this is how owners can benefit','','inherit','closed','closed','','1591-revision-v1','','','2021-05-31 21:20:16','2021-05-31 21:20:16','',1591,'http://smartinsurance.tips/?p=1592',0,'revision','',0),(1594,1,'2021-05-31 21:21:18','2021-05-31 21:21:18','','My-Post-13','','inherit','open','closed','','my-post-13','','','2021-05-31 21:21:18','2021-05-31 21:21:18','',1591,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-13.png',0,'attachment','image/png',0),(1595,1,'2021-05-31 21:23:35','2021-05-31 21:23:35','','My Post (14)','','inherit','open','closed','','my-post-14','','','2021-05-31 21:23:35','2021-05-31 21:23:35','',1591,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-14.png',0,'attachment','image/png',0),(1602,1,'2021-05-31 21:42:33','2021-05-31 21:42:33','<!-- wp:image {\"id\":1605,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-16-1024x536.png\" alt=\"\" class=\"wp-image-1605\"/><figcaption><span class=\"has-inline-color has-black-color\">Umbrella insurance extends the coverage of other property and casualty insurance policies you own.</span></figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-4\">What Is Umbrella Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Property and casualty policies have coverage limits. You\'re responsible for any costs beyond your coverage limits unless you have umbrella insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Umbrella insurance is a secondary type of liability insurance covering your liability above and beyond the standard liability you have taken on your homeowners insurance policy. It protects you above and beyond the limits on your homeowners or condo insurance, car insurance, watercraft, or other personal insurance policies and offers added liability protection for lawsuits or claims you\'re found responsible for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Alternate name</strong>: Personal excess liability insurance</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-11\">How Umbrella Insurance Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Umbrella liability insurance can protect you from:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-6\"><li>Litigation arising from property damage and/or injuries</li><li>Associated legal defense costs</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">In most cases, before umbrella insurance starts paying, an underlying liability policy must pay out first. For example, a home insurance policy provides the primary liability for a loss. Once the amount of money in the homeowners personal liability coverage is exhausted or maxed out, the umbrella insurance kicks in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Let\'s say you\'re in a collision and found to be at fault. Your car insurance policy has $500,000 per accident of liability coverage. One of the passengers in the collision was injured and can\'t continue in their line of work. They sue you for damages. Depending on their profession, you could be on the line for a lot more than $500,000. If your insurance company and the passenger reach a settlement for $750,000, you would be responsible for the difference unless you had an umbrella policy. The umbrella policy would pay the difference up to its policy limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-20\">Requirements for Umbrella Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Insurance companies set the underwriting requirements for umbrella policies. The umbrella policy wording will clearly state the minimum amount of liability required to qualify for the umbrella policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, states typically require a minimum amount of liability coverage in auto policies, but that may not be enough to meet the minimum underlying insurance requirements of the umbrella policy.1﻿ In that case, you would increase your liability limits on the primary policy first and then add the umbrella policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies require you to insure all your properties with them before offering you umbrella coverage. They may add the umbrella coverage as an endorsement to your existing policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Umbrella policy underwriting varies from company to company and may provide coverage for tens of millions of dollars or as little as $1 million. It all depends on you and your budget. Also note that some companies can double or triple the coverage from $1 million to two or three, but the cost of the coverage doesn\'t double or triple respectively. It\'s worth getting quotes for a few umbrella insurance policies before you make your decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-29\">Do I Need Umbrella Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">Property and casualty policies have limits on&nbsp;liability coverage, which is the portion of your policy that pays for expenses such as an injured person\'s:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><li>Medical bills</li><li>Rehabilitative therapy</li><li>Lost wages</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">The liability portion of an insurance policy also covers legal defense fees. Once you add up all of the expenses and the legal fees, the standard liability in a homeowners or auto policy often isn\'t enough.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Almost every state has financial responsibility laws that will hold drivers accountable for bodily injury and property damage resulting from accidents, and the at-fault driver could be sued for the damage. Personal assets could also be seized following a lawsuit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip: </strong>Even if you have no assets, you can still be held liable for damages, and you may be required to pay off the damages awarded with future earnings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A personal liability umbrella insurance policy can give you extra liability protection without additional costs. The Insurance Information Institute estimates that a $1 million policy costs between $150 to $300 a year. Additional liability insurance is inexpensive, especially compared to the value of the coverage you get; paying $150 to $300 in exchange for $1 million of protection is the cheapest million dollars you\'ll ever buy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>Umbrella insurance extends the coverage of other property and casualty insurance policies you own. </li><li>In most cases, before umbrella insurance starts paying, an underlying liability policy must pay out first. </li><li>Insurance companies set the underwriting requirements for umbrella policies. The umbrella policy wording will clearly state the minimum amount of liability required to qualify for the umbrella policy.</li><li>Once you add up the expenses and legal fees associated with injuries, standard liability coverage may fall short, which is why you may need umbrella insurance. </li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/why-every-policyholder-needs-umbrella-insurance-2645466\">click here</a>.</p>\n<!-- /wp:paragraph -->','What Is Umbrella Insurance?','','publish','open','open','','what-is-umbrella-insurance','','','2021-05-31 22:01:00','2021-05-31 22:01:00','',0,'http://smartinsurance.tips/?p=1602',0,'post','',0),(1603,1,'2021-05-31 21:42:33','2021-05-31 21:42:33','<!-- wp:divi/placeholder /-->','What Is Umbrella Insurance?','','inherit','closed','closed','','1602-revision-v1','','','2021-05-31 21:42:33','2021-05-31 21:42:33','',1602,'http://smartinsurance.tips/?p=1603',0,'revision','',0),(1618,1,'2021-05-31 22:33:08','2021-05-31 22:33:08','','My Post (20)','','inherit','open','closed','','my-post-20','','','2021-05-31 22:33:08','2021-05-31 22:33:08','',1612,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-20.png',0,'attachment','image/png',0),(1605,1,'2021-05-31 21:58:22','2021-05-31 21:58:22','','My-Post-16','','inherit','open','closed','','my-post-16','','','2021-05-31 21:58:22','2021-05-31 21:58:22','',1602,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-16.png',0,'attachment','image/png',0),(1607,1,'2021-05-31 22:04:09','2021-05-31 22:04:09','<!-- wp:image {\"id\":1610,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-17-1024x536.png\" alt=\"\" class=\"wp-image-1610\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong>KEY POINTS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>On top of the increasing frequency and intensity of major storms, lumber prices have skyrocketed — which means the cost of repairing or replacing your home may be more than you realize.</li><li>Be sure your homeowners policy is sufficient to cover the cost of rebuilding your house.</li><li>Standard policies exclude flooding from coverage, and typically have separate deductibles that kick in when there is weather-related damage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Continuing climate change and soaring lumber costs are two things you may need to consider when it comes to your homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whether you live in an area prone to hurricanes, tornados, flooding, hail, wildfires or severe storms — all of which are becoming more prevalent — it’s important to know which types of weather-related damage your policy covers, excludes or charges a separate (and likely higher) deductible for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Add in current lumber prices — they are up 67% already this year and 340% from a year ago — and the cost of repairing or replacing your home if severe weather strikes may be far more than you’d expect.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As warmer weather takes hold across the U.S., so does the likelihood of severe weather. Tornado season already is under way, and the official hurricane season starts June 1 and runs through Nov. 30. Meanwhile, California and parts of the Southwest are experiencing drought conditions, which is conducive to wildfires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Last year, there were 22 separate billion-dollar weather and climate disaster events in the U.S., according to the National Oceanic and Atmospheric Administration. There also were 30 Atlantic storms that were named — a record — 12 of which made landfall in the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Depending on where you live and the weather that’s typical for that area, your homeowners policy may provide coverage for some of the more location-specific events, and state law often dictates what’s required of policies offered in their jurisdiction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s what to review in your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Replacement cost</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Standard policies typically will repair or replace your home up to the amount it’s insured for. Or, you may have a clause that increases that replacement amount to 125% or 150% of your dwelling coverage. Or, it may have no cap on the replacement cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://image.cnbcfm.com/api/v1/image/106427327-158343861906920200305_billion_dollar_disaster_costs.png?v=1583438671&amp;w=678&amp;h=381\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>When you’re evaluating the replacement-cost provision of your policy, be sure to take into consideration the higher costs (i.e., lumber) of rebuilding your home — especially if it’s been a while since you purchased the insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Different damage, different deductibles</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While many perils are covered under the standard part of your policy, some weather-related events fall under a different part that comes with a different deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you live in a state along the East Coast or Gulf of Mexico, there’s a good chance your homeowners insurance policy has a hurricane deductible. Likewise, in states more prone to wind-related events — i.e., tornadoes — you’re likely to have a wind deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Either way, those amounts typically range from about 1% to 5% (with a minimum $500) depending on the specifics of your insurance contract. Some homeowners might opt for an even higher deductible if it’s available. Generally speaking, the higher the deductible, the lower the premiums, and vice versa.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s important to note that for those percentage-based deductibles, the amount is based on your insured value, not the damage caused.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So if your home is insured for $500,000 and you have a 5% hurricane deductible, you’d be responsible for covering the first $25,000 regardless of the total cost of the damage. This means it’s wise to have a plan to cover your share in the aftermath of a disaster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also be aware that earthquakes are not covered by standard homeowners policies, even in quake-prone California (you’d have to purchase separate insurance). Nor, typically, are other types of earth movement (i.e., landslides, sinkholes).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Flooding risk</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners policies generally exclude flooding from coverage. Yet just one inch of water in your home can cause up to $25,000 worth of damage, according to the Federal Emergency Management Agency. And, 1 in 4 flood insurance claims come from outside a high-risk zone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For coverage, you’d need separate flood insurance through either the federal National Flood Insurance Program or a private insurer. Be aware, however, that there are coverage exclusions and limitations. And, flood policies take 30 days to become effective. The average yearly cost is $734, although that can vary widely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While flooding is a common aspect of natural disasters, fewer than 15% of homeowners have flood insurance, according to the Insurance Information Institute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When a homeowner faces storm-related damage that is uncovered but in a federally declared disaster zone, there might be government programs that can provide financial assistance, including FEMA grants and Small Business Administration loans. However, that help is not guaranteed, and it likely wouldn’t get you quickly back on your feet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For instance, after Hurricane Harvey in 2017, which dumped as much as 60 inches of rain in some spots in Texas, the average FEMA grant for individuals was $7,000, while the average claim through the National Flood Insurance Program was more than $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>If you’re a renter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Even if you don’t own your home, your finances are still at risk if a storm damages the house or building you live in. While the owner’s insurance would cover the structure itself, you’d be responsible for your own property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Renter’s insurance is an option for covering your belongings. It also can cover the cost of living somewhere else if you can’t remain in your home after a storm or any other insured event.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The national average for a policy with $40,000 coverage for personal property, a $1,000 deductible and $100,000 of liability protection is $197 a year (about $17 a month), according to an Insurance.com rate analysis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Protect your important records</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Long before disaster hits, key documents — such as birth certificates, deeds, titles and tax returns — should be stored safely in a waterproof spot, and duplicates should be kept elsewhere with a trusted person, advises the IRS. Or, you can scan and store them online or a flash drive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Additionally, taking photos of your home’s contents and condition can help facilitate the insurance claims process if your house ends up being damaged.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.cnbc.com/2021/05/07/there-are-more-reasons-this-year-to-check-your-homeowners-insurance.html\">click here</a>.</p>\n<!-- /wp:paragraph -->','There Are More Reasons This Year To Check Your Homeowners Insurance Ahead Of Severe Summer Weather','','publish','open','open','','there-are-more-reasons-this-year-to-check-your-homeowners-insurance-ahead-of-severe-summer-weather','','','2021-06-01 23:56:14','2021-06-01 23:56:14','',0,'http://smartinsurance.tips/?p=1607',0,'post','',0),(1608,1,'2021-05-31 22:04:09','2021-05-31 22:04:09','<!-- wp:divi/placeholder /-->','There are more reasons this year to check your homeowners insurance ahead of severe summer weather','','inherit','closed','closed','','1607-revision-v1','','','2021-05-31 22:04:09','2021-05-31 22:04:09','',1607,'http://smartinsurance.tips/?p=1608',0,'revision','',0),(1610,1,'2021-05-31 22:10:29','2021-05-31 22:10:29','','My-Post-17','','inherit','open','closed','','my-post-17-2','','','2021-05-31 22:10:29','2021-05-31 22:10:29','',1607,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-17.png',0,'attachment','image/png',0),(1621,1,'2021-06-01 20:51:04','2021-06-01 20:51:04','<!-- wp:image {\"id\":1584,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-10-1024x536.png\" alt=\"\" class=\"wp-image-1584\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>A typical all-perils homeowners insurance policy does cover your roof and the cost of replacing it if it gets damaged. That\'s the good news. But usually, you\'re covered only if the damage or destruction results from a sudden accident or act of nature. Problems that ensue from general wear and tear or from a roof that has exceeded its intended life span are not eligible for reimbursement because they fall under the general maintenance responsibility of the homeowner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>Most homeowners insurance policies cover roof replacement if the damage is the result of an act of nature or sudden accidental event.</li><li>Most homeowners insurance policies won\'t pay to replace or repair a roof that\'s gradually deteriorating due to wear-and-tear or neglect.</li><li>Roofs that are over 20 years old often have limited coverage, if any.</li><li>To ensure approval of your claim, keep records of repairs, before-and-after photos, and reports from inspections. Notify your insurance company promptly when damage occurs.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><br><strong>How Roof Coverage Works</strong><br>Of all the parts of your home, the roof arguably has the most direct exposure to the elements. For northern climates, there is the weight of heavy snow and hail or ice storms. In the Midwest, tornados and cyclones are also common problems. In tropical climates, there is the potential for gales and hurricane-force winds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Not only can Mother Nature do direct damage, but she can also trigger other sorts of havoc—like a violent windstorm that topples a tree onto your roof. There may be wildfires. Or there could be more unlikely incidents, like something crashing down on the roof from above—like debris from an explosion or aircraft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Happily, the roof is an integral part of the structure of your home, and so the dwelling coverage section of your homeowners insurance policy typically protects you from such perils. Damage and destruction from such events qualify the homeowner for a total or partial replacement of the roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>Coverage is often curtailed for roofs that are over 20 years old—they may only be insured for their actual cash value, not for their current replacement cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><br>Of course, you\'ll still have to pay your policy deductible before your coverage kicks in. Some policies, especially those written in certain high-risk states, impose a higher deductible for damages that ensue from hurricanes or hailstorms. Residents in those areas wishing to protect their property often have to purchase additional coverage, or a separate windstorm insurance policy. Of course, anyone who wants extra protection or a higher degree of coverage can purchase it as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Special Considerations for Roof Coverage</strong><br>If a dramatic event causes dramatic damage—the roof comes crashing down, has a major hole, or is torn off entirely—coverage is likely. More problematic are instances when the damage is less dramatic, even if an act of nature caused it. Let\'s say a violent thunderstorm nicks a bunch of your roof\'s shingles. The insurance company may classify that as cosmetic damage, and not cover it. Or let\'s say that, after the aforementioned storm, you notice your roof has become leaky. Even though the rains triggered it, the insurance company might claim that\'s a general wear-and-tear problem—reflecting your roof\'s gradual deterioration—which is never covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ironically, any water damage caused by the leaking roof to your walls, floors, or furniture probably would be covered under the all-perils section of your policy. However, the roof repair itself would not be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Preventing Roof Problems</strong><br>It is the responsibility of the property owner to properly care for and maintain their roof, and to be aware of the life span of different materials, which can range from 15 to 100 years. Homeowners can take other steps to help protect their roof—like hiring licensed professionals to perform regular inspections. Many roofing companies will inspect a roof for free in the hopes of earning future business (just don\'t be surprised if they find a lot of problems).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make sure your roof is free of debris and does not hold or collect water. Any trees touching or hanging over the roof should be trimmed back. After a big storm or a long snowy spell, always check your roof to see how the shingles and gutters are doing. If you live in wind-prone areas, see that your home and roof are up to the current building codes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Getting Reimbursed for Roof Replacement</strong><br>Age is not your roof\'s friend. Unless it\'s made of a material with famed longevity, like slate, a roof depreciates with each year; many insurers won\'t cover those that are over a quarter-century old. Other possible policy exclusions could include improper maintenance or neglect, the use of certain expensive roofing materials (like cedar or recycled shake shingles), or roofs with more than two layers of roofing material.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To give yourself the best chance of having your insurance company pay for a roof, the first step is to call them out for an inspection. Before they arrive, gather up as many documents as you can, including a copy of your current home insurance policy, any home inspection reports, receipts for any repair work you’ve done, and photos of any damage that has occurred. (Since before-and-after shots are always useful, it\'s a good idea to take photos of your roof when it\'s healthy.) All will be helpful in the claims process. The insurance company will send out an adjuster to inspect the damage and offer their own assessment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tips to Save on New Roof Costs</strong><br>The average price range for a roof replacement can run from $260 to $700 per square foot depending on the roofing material used. Someone might be able to help you out for as low as $150 to $350 per square foot for asphalt shingle repair. For metal roofs, expect between $350 and $1,000 for tile and metal roof repair. Here are some tips on how to minimize your repair and replacement costs:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Do your research: </strong>Know the size and complexity of your roof and the exact materials you want to have installed before talking to contractors.</li><li><strong>Shop around: </strong>Get quotes from several roofers and always request and check local references before hiring someone. Be wary of extremely low bids, which could mean subpar work, and make sure roofers offer a warranty on materials and installation.</li><li><strong>Time it right:</strong> Roofers are busiest in late summer and fall. Scheduling your roof replacement in late winter or spring may yield lower prices or off-season discounts.</li><li><strong>Do it (or some of it) yourself:</strong> Consider doing part of the work yourself. If you have the time, the proper equipment, and a stomach for heights, removing old roofing before the installer arrives could help cut costs.</li><li>Consider an overlay: An overlay involves installing new shingles on top of existing ones. Because the old roofing stays put, overlays require fewer hours of labor and cost less than a full replacement. However, an overlay may void or shorten the manufacturer\'s warranty on roofing materials. Overlays also typically increase future replacement costs due to increased labor and job waste.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/ask/answers/111815/does-homeowners-insurance-cover-roof-replacement.asp\">click here</a>.</p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Roof Replacement?','','inherit','closed','closed','','1581-revision-v1','','','2021-06-01 20:51:04','2021-06-01 20:51:04','',1581,'http://smartinsurance.tips/?p=1621',0,'revision','',0),(1590,1,'2021-05-31 21:19:46','2021-05-31 21:19:46','<!-- wp:image {\"id\":1589,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-12-1024x536.png\" alt=\"\" class=\"wp-image-1589\"/><figcaption><span class=\"has-inline-color has-black-color\">Of the approximately 15,000 product categories the government oversees, only a few require testing before hitting the market.</span></figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>To go to the DockATot website is to be transported into a world of idyllic childhood. You’ll see photos of its latest collection showing playrooms with flowing drapes, tasseled blankets, and ornate floral arrangements. At the center are cherubic infants nestled in plush, pillowy products resembling bassinets. “Love, luxury and timelessness are at the heart of this exclusive new collection for style-conscious parents,” a description says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The message: Chic nursery designs can be yours, too—for about $200 to $300.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What you wouldn’t know is that the DockATot and other “in-bed sleepers,” as the products have come to be known, have been linked to at least 13 infant fatalities, according to an ongoing Consumer Reports investigation of government data and lawsuits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The products were originally marketed to parents who wanted the closeness of sharing a bed with their babies but worried about rolling onto them. And while bassinets, cribs, and many other infant sleep products have to, by law, adhere to established safety standards and be tested to prove they meet them, in-bed sleepers do not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, there has been nothing to stop the products—which have significant safety shortcomings—from making their way onto store shelves and into people’s homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>DockATot did not respond to repeated requests for comment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Gaps in the System</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This gap in the product safety system is not unique to in-bed sleepers, or even to baby products. Products often are not required to comply with safety specifications and, for many, “there is no premarket safety testing required,” says Rachel Weintraub, legislative director and general counsel for the Consumer Federation of America, an advocacy group.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Of the approximately 15,000 categories of products overseen by the Consumer Product Safety Commission, the government agency with jurisdiction over many consumer products, only about 70 are governed by what is called a mandatory standard, according to an estimate by Bob Adler, acting chairman of the CPSC.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For those 70 product categories, federal rules mandate compliance with specific safety requirements. Manufacturers must test them, usually through third-party labs. Products that fail these tests must be recalled if they’re already for sale. If the manufacturer has violated the law—for instance, by failing to immediately report a noncompliant product to the CPSC—it can face penalties, such as fines and even criminal prosecution.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Products with mandatory standards include bunk beds, children’s toys, automatic garage door openers, walk-behind lawn mowers, high chairs, bicycle helmets, and portable gasoline containers. There are also federal requirements for materials—including metals, plastics, and textiles—related to toxic substances, such as lead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But most products are governed by voluntary, not mandatory, standards created by independent organizations. These groups—among them ASTM International and Underwriters Laboratories—bring together manufacturers, academics, regulators, consumers, and others to set rules for the products. (CR is a member of ASTM.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:columns {\"verticalAlignment\":\"center\"} -->\n<div class=\"wp-block-columns are-vertically-aligned-center\"><!-- wp:column {\"verticalAlignment\":\"center\",\"width\":\"100%\"} -->\n<div class=\"wp-block-column is-vertically-aligned-center\" style=\"flex-basis:100%\"><!-- wp:group -->\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container\"><!-- wp:group -->\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container\"><!-- wp:paragraph -->\n<p><strong>Product Testing </strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"width\":146,\"height\":146} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/96_percent_belief2\" alt=\"\" width=\"146\" height=\"146\"/><figcaption>B<strong>ELIEF </strong></figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"> 96% of Americans believe products they buy for their home must adhere to a required safety standard.11 Based on a July 2020 CR nationally representative survey of 2,031 American adults. Respondents were asked to focus on products that cost $75 or more. Percentage includes “agree” and “strongly agree” responses.REALITY </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"width\":153,\"height\":153} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/1_percent_reality3\" alt=\"\" width=\"153\" height=\"153\"/><figcaption>REALITY</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">&lt;1% of product categories overseen by the CPSC must comply with a mandatory safety standard. <sup>22</sup> Estimate from acting CPSC chairman Bob Adler.</p>\n<!-- /wp:paragraph --></div></div>\n<!-- /wp:group --></div></div>\n<!-- /wp:group --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p>But because these standards are voluntary, some manufacturers don’t comply with the rules, leaving a hole in the safety net, Weintraub says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to products with mandatory or voluntary standards, a smaller set of products—which includes in-bed sleepers—is not covered by any specific standard. While they must adhere to certain broad, general rules—such as not containing high amounts of lead­—they may be new and different enough from other products that they don’t need to conform to an existing standard, whether mandatory or voluntary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In other words, if someone invents something substantially different from products in existing categories, they can put it on the market even if it has not been safety-tested. Manufacturers don’t have to first get approval from the CPSC or any other governing body.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That is how in-bed sleepers made it to market. It’s also how the Fisher-Price Rock ’n Play Sleeper and other inclined sleepers, which are now linked to 94 deaths, got to store shelves and stayed there for a decade before being recalled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“This contradicts what many consumers think—that if a product is available for sale, it has been tested and approved,” Weintraub says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Product Recalls</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/92_percent_belief2\" alt=\"\"/><figcaption>BELIEF </figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p> 92% of Americans say manufacturers should do all they can to get potentially dangerous recalled products out of homes.<sup>11</sup> Based on a July 2020 CR nationally representative survey of 2,031 American adults. Respondents were asked to focus on products that cost $75 or more. Percentage includes “agree” and “strongly agree” responses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"width\":158,\"height\":158} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/6_percent_reality3\" alt=\"\" width=\"158\" height=\"158\"/><figcaption>REALITY</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>6% of recalled products, on average, are returned or refunded. <sup>22</sup> CPSC, July 2017. Reflects portion of consumers whom the CPSC knows took part in a recall, including those who asked for a repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Indeed, 96 percent of Americans believe products they buy for their home adhere to a required safety standard, according to a 2020 nationally representative CR survey of 2,031 adults, which asked people to focus on products that cost $75 or more. And most people—97 percent—said they expect that manufacturers have tested their products for safety before selling them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“It would be nice to know that every single manufacturer, whether there’s a voluntary product standard or not . . . [has] done some kind of reasonable testing,” Adler says. But, he adds, that is not always the case—and there is no easy way for consumers to know one way or the other.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What’s a ‘Standard,’ Anyway?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Nancy Cowles, executive director of Kids In Danger (KID), a consumer safety group, says there’s another potential problem: Just because a voluntary standard exists doesn’t mean it’s strong enough. For many products, “the existing standard is less than rigorous,” she says, adding that the standard-setting process tends to favor industry over consumers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One glaring example: the voluntary standard for dressers, first set by ASTM in 2000 and updated incrementally over the years. It currently says dressers 27 inches high or taller should remain stable when a 50-pound weight is hung on an open drawer. But almost from the start, safety advocates have said the standard is not tough enough.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Indeed, despite updates to the standard over the years, 218 people died in tip-over incidents involving a dresser, chest, or bureau between 2000 and 2019. And each year, 19,900 people, on average, are treated in hospital emergency rooms for injuries related to furniture tip-overs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, not all manufacturers comply with the standard; after all, it is voluntary. For years, many of Ikea’s dressers did not meet the standard, and some have been linked to the deaths of several children, leading to the recall in 2016 and 2017 of 17.3 million products.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Safety advocates, including those at CR, say the voluntary dresser standard is still not strong enough. They support legislation called the Stop Tip-overs of Unstable, Risky Dressers on Youth (STURDY) Act. It would require the CPSC to create a mandatory rule tougher than the voluntary one. The bill, which passed the U.S. House of Representatives in the last session of Congress but did not make it to the Senate floor, has been reintroduced this year in both chambers and has bipartisan support.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The CPSC’s Adler says he could not have predicted “how lethal” dresser tip-overs could be. “It’s only after you’ve done some appropriate safety testing that you realize there could be a problem,” he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another product whose dangers emerged after entering the marketplace: cords for window blinds and shades. They did not have a voluntary safety standard until 1996. Yet between 1990 and 2015 they were linked to almost 17,000 strangulations, lacerations, and other injuries, and 271 deaths among children younger than 6, according to research in the journal Pediatrics.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Too often, Adler says, companies ask themselves whether their products simply “comply with appropriate standards, and what we need them to do is look beyond the standards to whether there’s a potential for harm.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Jonathan Judge, a partner at the Chicago law firm Schiff Hardin and a CPSC regulation expert who counsels manufacturers, disputes the idea that standards are often weak and that companies don’t do enough to vet their products. “The vast majority of companies really do think about this,” he says. “They’re not interested in having a bunch of returns or a bunch of bad publicity.” He also says that when no standard exists for a new product, companies often adapt existing ones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But that approach might not sufficiently protect consumers from risks that emerge only after a product enters the market. “Safety hazards don’t always announce themselves,” Adler says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4 Products That Lack Safety Standards</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We checked with five major standard-setting and accrediting organizations in the U.S. to see whether these consumer goods have an applicable safety standard. As of April 2021, they did not. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>HOVERBOARDS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/hoverboard-iLive-recalled-cpsc\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Until 2016, there was no standard covering hoverboards’ electrical systems, and some caught fire and were recalled. They’re still not subject to standards governing acceleration, braking, or durability, problems consumers have complained about, though such standards are being developed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>SNORKELS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/Snorkel-BW\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>At least one model was recalled because a piece broke off and was inhaled by a user. Recreational snorkels are not subject to specific standards, as some diving gear is.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>E-SCOOTERS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/E-Scooter-BW\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Some adult and ride-sharing e-scooters have broken or caught fire, leading to injuries and recalls. While children’s e-scooters have some safety standards, a performance standard for adult versions is only now being created.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>INFANT SLEEP HAMMOCKS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://article.images.consumerreports.org/prod/content/dam/special-graphics/MamaLittleHelper\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Some of these products have been linked to injuries and deaths and have been recalled. These products don’t conform to safety standards or follow safe-sleep advice that babies sleep on their back on a firm, flat surface.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>To Market, Without Testing</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Products marketed for babies and children are of particular concern because the stakes are so high.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In the case of in-bed sleepers, two products were introduced in the early 2000s by two entrepreneurial women working separately on the same goal: to create a product that babies could sleep in while lying next to their parent in bed. But the products’ potential hazards were apparent almost as soon as they came to market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Cribs and bassinets must adhere to mandatory standards that require high walls, a flat mattress, a stand, and no padding. That helps protect against suffocation and is consistent with advice from the American Academy of Pediatrics (AAP) that babies sleep alone, on their backs, on a firm, flat surface free of soft bedding. By contrast, in-bed sleepers tend to have padding and lower, softer sidewalls. And because they have been marketed for use on an adult mattress, they do not necessarily provide a firm, flat sleep surface.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Lisa Furuland Kotsianis had no known experience in product development or child safety before she created the DockATot. Instead, she relied on her experience as a mother and her “background in art, design, and photography” to develop “category-disrupting must-haves,” according to the company website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Similarly, Farah Morton invented the Baby Delight Snuggle Nest in-bed sleeper because she “realized the bassinet she was using prevented the closeness she desired with her newborn daughter,” says a Baby Delight spokesperson, who also says Morton no longer owns the company. According to what appears to be Morton’s LinkedIn page, she developed the product “in order to provide more protection for co-sleeping newborns, opening a category that previously did not exist.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The spokesperson, when asked whether premarket testing was done to ensure that the product was safe for infant sleep, says Morton “engaged a seasoned safety consultant at the time of the first manufacturing.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>THE PROBLEMS WITH IN-BED SLEEPERS </strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>It Has No Stand That makes it unstable, especially when placed on an adult mattress, which can be uneven, increasing the risk of an infant rolling out or into a soft wall. </li><li>The Bottom Is Too Soft The base should be firm, to reduce the chance of suffocation if an infant rolls over. </li><li>The Walls Are Too Low They should be high enough so that babies can’t roll out. </li><li>The Walls Are Too Padded Soft walls increase the risk of suffocation if an infant rolls to the side and presses against the padding.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Though DockATot recently stopped explicitly promoting its product for bed-sharing, as of this April its marketing still showed images of babies sleeping in the product and pictures suggestive of bed-sharing. No details about premarket testing for sleep safety are provided on its website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consumers have responded to the products enthusiastically. The Snuggle Nest has become a best seller for Baby Delight, according to a company spokesperson. And the DockATot caught on with celebrity influencers such as Molly Sims, Kourtney Kardashian, and Hilary Duff, who raved about it on social media and in other outlets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The product’s popularity is concerning, says Ben Hoffman, MD, chairperson of the AAP Council on Injury, Violence, and Poison Prevention. “If you go back to what we know is the safest way for an infant to sleep, in-bed sleepers missed the mark on virtually all accounts,” he says. It’s also unknown, he says, whether in-bed sleepers prevent adults from rolling over and smothering infants. “Basically, the products don’t do anything we would ever expect in a safe sleep space for a baby.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Manufacturers Are Writing Their Own Rules</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Despite Hoffman’s concerns, the makers of in-bed sleepers are now creating their own voluntary standard through ASTM. Whether the products should conform to the bassinet standard, or be sold as loungers instead of as sleep products, is among the concerns that regulators, safety advocates, and industry representatives are debating.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The discussions are taking place against the backdrop of the CPSC’s proposal of a mandatory rule for infant sleep products, which was developed after the high-profile recalls of infant inclined sleepers, including the Fisher-Price Rock ’n Play Sleeper. The agency’s new rule would effectively ban infant sleep products that don’t conform to existing mandatory standards.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After the rule was proposed, DockATot changed its messaging. As of April 2021, its website stated: “Until there is further development on a mandatory standard for all products offered for bedsharing, we will no longer promote our docks for use in bedsharing.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As of April 2021, Baby Delight continued to market the Snuggle Nest for bed-sharing. Of the three fatalities that have been linked to the Snuggle Nest, a spokesperson says that two occurred before the company acquired the product and that none were directly caused by the sleeper. The spokesperson also says the product fills a consumer need: “We know that moms co-sleep,” and the product’s goal “is to make that experience less risky when possible.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That argument is based on a false premise, says Nancy Cowles of KID. “There is no data we know of showing that in-bed sleepers make bed-sharing safer,” she says. The AAP’s Ben Hoffman says the opposite may even be true. “We know that the likelihood of infant sleep-related deaths goes up when you start deviating from best safe-sleep practices,” he says. “When you’ve got products that facilitate dangerous sleep behaviors, that increases risk.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Further, to safety advocates, the idea of working backward to create a standard for a product that’s already being sold but hasn’t been safety-tested brings back bad memories of the Rock ’n Play Sleeper. “The dangers of inclined sleepers were hidden from the public for nearly a decade, and infants died,” says Oriene Shin, CR policy counsel for product safety. “Manufacturers sold dangerous products by the millions, and only tried after the fact to create standards to validate their safety. Why would we want to go down that path again?”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When the Rock ’n Play Sleeper was introduced in 2009, no voluntary or mandatory standard existed for inclined sleepers. But in 2010, when the CPSC began updating standards for bassinets, cribs, and play yards to make them mandatory, it became clear that the Rock ’n Play Sleeper—with its incline and padding—would not comply.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But instead of changing its design, Fisher-Price asked for, and was granted, an exemption. That freed manufacturers to create their own voluntary standard through ASTM—and to continue selling inclined sleepers. It was only in 2019, after CR exposed dozens of deaths connected to the sleepers, that Fisher-Price and others recalled them. Such recalls now total almost 6 million.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is a cautionary tale, says Regina Calcaterra, a lawyer representing several families whose children died in the Rock ’n Play Sleeper. “Before the CPSC again delegates potentially lifesaving standards for infant sleep products to ASTM,” and “then to manufacturers who financially benefit, CPSC commissioners should hear from the parents who are grieving,” she says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>CR’s Shin adds: “Manufacturers shouldn’t be in charge of their own safety rules.” Instead, she says, “there should be a much stronger and better-funded CPSC that can get ahead of emerging hazards and hold companies accountable from the start—including by stopping them from carving out exceptions for unproven products, like in-bed sleepers.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The CPSC’s Adler says the agency is doing as much as it can with the little funding it gets, adding that he hopes Congress will increase CPSC funds. That’s necessary to protect consumers, he said in a recent address. “As long as entrepreneurs dream up new products and chemists develop new concoctions, new safety hazards will always emerge.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How to Protect Yourself</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Though it’s not always easy, here are some steps you can take to find out whether a product has been safety-tested or vetted.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Read the labels.</strong>&nbsp;A product’s packaging, manual, or tag may reference a standard-setting or standard-certifying organization, such as ASTM or UL. That reference might note which specific standard applies to your product, such as “ASTM F2057-19” or “UL 749.” For more on labels, see the chart below.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Call the manufacturer.</strong>&nbsp;If there is no label or standard shown on the product, call the company and ask what safety standards the product meets and whether a third-party lab has verified this.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Check SaferProducts.gov</strong>. On this CPSC website, you can learn whether a product has been recalled. And if you have an unsafe product or one that has caused harm, you can report it on the site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/product-safety/is-this-safe-to-buy-how-dangerous-products-get-and-stay-on-the-market/\">click here</a>.</p>\n<!-- /wp:paragraph -->','Is This Safe to Buy? How Dangerous Products Get—and Stay—on the Market.','','inherit','closed','closed','','1586-revision-v1','','','2021-05-31 21:19:46','2021-05-31 21:19:46','',1586,'http://smartinsurance.tips/?p=1590',0,'revision','',0),(1596,1,'2021-05-31 21:35:57','2021-05-31 21:35:57','<!-- wp:image {\"id\":1595,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-14-1024x536.png\" alt=\"\" class=\"wp-image-1595\"/><figcaption><span class=\"has-inline-color has-black-color\">Like any financial commitment, it has pros and cons.</span></figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Homeownership has always been part of the American Dream. Because of that, many people accept owning a home as the right, even obligatory, thing to do without considering the benefits and the risks. If you are contemplating buying a home, you should know and review the pros and cons of the investment you are about to make—as you would any investment decision—before signing on the dotted line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>If you are considering homeownership, be aware of and review the advantages along with any potential risks you may face before you close the deal.</li><li>The benefits of investing in a home include appreciation, home equity, tax deductions, and deductible expenses.</li><li>Risks and caveats of investing in a home can include high upfront costs, depreciation, and illiquidity.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-13\">Attractive Long-Term Investment</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Appreciation represents the increase in home values over time. Real estate prices are cyclical, and homeowners shouldn\'t expect the property\'s value to increase drastically in the short-term. But if you stay in your home long enough, there\'s a very good likelihood you will be able to sell your home for a profit because of appreciation later in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, buying a home is one of the best long-term investments you can make. Despite dramatic dips such as 2008 Housing Crash, residential real estate tends to rise in value. Median home prices in the U.S. rose from $298,900 in fourth quarter of 2014 to $346,800 in the fourth quarter of 2020—a more than 16% increase in value in six years. Go back a decade, when the median sales price was $219,000 (Q4 2009), and you have a 42.7% increase.1﻿﻿ That’s not a bad return on an investment (ROI) that also provides you with a place to live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Real estate appreciates primarily because of the land on which the home sits, while the actual structure depreciates as time goes by. So the expression \"location, location, location\" is not just a real estate catch-phrase, but a very important consideration when buying a home. The neighborhood with the amenities it brings—school districts, parks, condition of roads, etc.—and the city where the home is located all factor into the property\'s appreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consider a home that is rundown and dilapidated to the point that it\'s uninhabitable. The land underneath the home may still be worth a significant amount of money—more than the residence, in this case. A seller may consider selling it as is (with the structure still intact) or spending a little extra to demolish the home and sell the land at a higher price on its own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-13\">Building Equity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home equity represents the difference between how much you still owe on your mortgage and the market price or value of your home. Home equity and appreciation may be considered together. As noted above, your home likely would grow in market value over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your equity also grows as you pay down your mortgage, with less of your payment going toward interest and more toward lowering the balance on your loan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>Appreciation is the change in the value of your home over time, while home equity is the difference between the balance on your mortgage and your home\'s market value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Building equity does take some time because it takes time to lower the principal balance owing on the mortgage loan—unless, of course, you make a large down payment or regular prepayments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One thing to keep in mind, though, is that the length of time you have your home is a big factor in how much equity you build and the appreciation you can realize. The longer you keep it, the more equity you obtain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As you pay down your mortgage and reduce the amount you owe, without realizing it, you are saving as the value of your home is increasing—just as the value of your savings account increases with interest. When you sell, you likely would get back every dollar you paid out and more, assuming you stay in your house long enough. Over time, the average 6% return (interest rate) on your savings should more than cover your outlay.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another plus is that home equity provides flexibility to get a loan that is tied to the amount of your home equity. Many investors follow their home equity and home appreciation simultaneously. If an investor believes their home value is greatly appreciating, they may put off a home equity loan to have a better opportunity to realize a seller’s appreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Mortgage lending discrimination is illegal. If you think you\'ve been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. One such step is to file a report to the Consumer Financial Protection Bureau or with the U.S. Department of Housing and Urban Development (HUD).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-30\">Location, Location, Location</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While paying down your mortgage works the same no matter where you live, market-value growth varies with location. According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), real estate prices rose an average of 32.88% over the five-year period ending Dec. 31, 2019, in the U.S. overall. However, prices in the Middle Atlantic census division rose by only 23.21%, and prices in the Pacific census division climbed by an average of 40.39%.3﻿﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>To see how this might affect prices where you plan to buy, check out the full FHFA chart below:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>&nbsp;Division</th><th>&nbsp;Division Ranking</th><th>&nbsp;One-Year</th><th>&nbsp;Quarter</th><th>&nbsp;Five-Year</th><th>&nbsp;Since Q1 1991</th></tr></thead><tbody><tr><td><strong>USA</strong></td><td>&nbsp;&nbsp;</td><td>4.94%</td><td>1.11%</td><td>32.93%</td><td>174.44%</td></tr><tr><td><strong>Mountain</strong></td><td>1</td><td>6.91%&nbsp;</td><td>1.77%</td><td>47.18%</td><td>276.71%</td></tr><tr><td><strong>Pacific</strong></td><td>2</td><td>4.45%</td><td>1.08%</td><td>41.04%</td><td>218.63%</td></tr><tr><td><strong>South Atlantic</strong></td><td>3</td><td>4.96%</td><td>1.02%</td><td>36.39%</td><td>177.94%</td></tr><tr><td><strong>West South Central</strong></td><td>4</td><td>4.65%</td><td>1.02%</td><td>30.75%</td><td>188.76%</td></tr><tr><td><strong>East South Central</strong></td><td>5</td><td>5.27%</td><td>0.99%</td><td>29.59%</td><td>149.60%</td></tr><tr><td><strong>East North Centra</strong>l</td><td>6</td><td>5.16%</td><td>1.15%</td><td>30.25%</td><td>128.07%</td></tr><tr><td><strong>New England</strong></td><td>7</td><td>4.67%</td><td>1.35%</td><td>24.41%</td><td>152.51%</td></tr><tr><td><strong>West North Central</strong></td><td>8</td><td>4.78%</td><td>1.16%</td><td>28.60%</td><td>171.64%</td></tr><tr><td><strong>Middle Atlantic</strong></td><td>9</td><td>4.04%</td><td>0.76%</td><td>22.26%</td><td>146.18%</td></tr></tbody></table><figcaption>Source: FHFA U.S. House Price Index - 3Q 2019.</figcaption></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-39\">Capital Gains Exclusion</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Eventually, you will sell your home. When you do, the law allows you to keep the profits and pay no capital gains taxes. Well, not necessarily all the profits. The Internal Revenue Service (IRS) allows a tax-free profit of as much as $250,000 for single homeowners and $500,000 for married couples—for your main residence only, not for a second home or vacation property.5﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are a few requirements you need to meet in order to qualify for this exclusion. You must own the home for at least two years—24 months—within the last five years up to the closing date. The residence requirement dictates that you should have lived in the home for at least two years during the five-year period leading up to the sale. The final requirement, the look-back requirement, outlines that you didn\'t profit from selling another primary residence during the two-year period leading up to the most recent sale.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-44\">Tax Deductions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After appreciation, the benefit of homeownership that is cited most often is tax deductions or savings. When you buy a home, you can deduct some of the expenses of owning that home from the taxes you pay to the government. This includes mortgage interest on both your principal residence and a second home, which can amount to thousands of dollars per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Interest on home-equity loans, or home-equity lines of credit (HELOC), is also deductible if the funds are used to improve your home substantially.7 You can also deduct as much as $10,000 in state and local (SALT) taxes, including property taxes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-49\">The Tax Cuts and Jobs Act\'s Effect</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The Tax Cuts and Jobs Act made substantial changes to the parts of the tax code that have to do with homeownership. Unless a future Congress amends the law, all provisions will expire after Dec. 31, 2025.9﻿ But for now, changes in that law have reduced the value of owning a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The law limits mortgage interest deductions to $750,000 of total mortgage debt, including for a first and second home and any home-equity or HELOC loans. However, the higher limitation of $1 million in mortgage debt still applies for indebtedness incurred before December 16, 2017.6</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The law also set the SALT deduction limit to $10,000.8﻿ Other new provisions include restrictions on claiming casualty losses except for federally declared disasters.10﻿ The moving expenses deduction no longer exist, except for the active-duty military moving for reasons of work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>All these changes have lowered the value of owning a home—including the fact that, with the near doubling of the standard deduction (another feature of the Act), fewer people will have enough deductions to file Schedule A instead of taking the standard deduction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So the fact that you are eligible for a tax deduction does not mean that it will end up being useful to you. The severe limiting of the SALT deduction will be particularly detrimental in lowering available deductions for people who live in highly taxed states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-60\">High Upfront Costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The cost of investing in a home can be high—there\'s more to your expenses than the property\'s selling price and the interest rate on your mortgage. For starters, you can expect to pay anywhere from 2% to 5% of the purchase price in closing costs. Some of the most common closing costs include an application fee, appraisal fee, attorney fees, property taxes, mortgage insurance, home inspection, first-year homeowner’s insurance premium, title search, title insurance, points (prepaid interest), origination fee, recording fees, and survey fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Experts say you should plan to stay in your house at least five years to recover those costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-65\">Potential Depreciation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not all homes grow in value. The housing crisis of 2008 resulted in many homeowners being underwater, which means owing more on your mortgage than your home is worth. It doesn’t take a housing crisis for home prices to stagnate or drop. Regional or local economic conditions can result in home values that don’t keep up with inflation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Remember, too, that the actual structure you live in will depreciate over time. This can be a result of wear and tear on the property, or a lack of maintenance and repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-70\">Pride and Financial Responsibilities</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ownership comes with responsibilities, however. You must pay your mortgage or risk losing your home and the equity you’ve built. Maintenance and upkeep are your responsibility. You can’t call the landlord at 2:00 a.m. to have a leaky water pipe repaired. If the roof is damaged, you must repair it—or have it repaired—yourself. Lawn mowing, snow removal, homeowners insurance, and liability insurance all fall on you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-75\">Illiquidity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-76\">Unlike stock, which can be sold within a matter of days, homes typically take much longer to unload. The fact that you might have access to $500,000 in tax-free capital gains doesn’t mean that you have ready access. Meanwhile, you still must make mortgage payments and maintain the house until you sell it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-78\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-79\">A home is an investment that comes with many investment benefits but also risks, which makes it an investment that is not for everyone. Weighing the investment benefits against the risks is important. A rational comparison of pros and cons can help you decide whether to put your money into a home investment or potentially find better returns elsewhere.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/mortgages-real-estate/08/home-ownership.asp\">click here</a>.<br></p>\n<!-- /wp:paragraph -->','Homeownership as an Investment','','inherit','closed','closed','','1591-revision-v1','','','2021-05-31 21:35:57','2021-05-31 21:35:57','',1591,'http://smartinsurance.tips/?p=1596',0,'revision','',0),(1601,1,'2021-05-31 21:39:23','2021-05-31 21:39:23','<!-- wp:image {\"id\":1600,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-15-1024x536.png\" alt=\"\" class=\"wp-image-1600\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>I’ve had a valid driver’s license for 11 years with a perfectly clean record – no accidents, no speeding tickets, and not even a warning – so I was completely blindsided the day my SUV was rocked by the sound of a truck colliding into my driver’s side door, almost taking off the front bumper of my car. My kids and I were completely fine, but since it was my first accident, I was in a state of shock as I pulled my car into a nearby parking lot. Oddly, it wasn’t the fear of getting hurt, or the concern for my car that stands out about that day, but the disconcerting feeling of being in unfamiliar territory with no idea what to do. Immediately the other driver was out of his car and at my door, which wouldn’t open from the inside. I had to climb out of the passenger-side door to meet him, and he was ready for a fight. It was then that I had my “baptism by fire” and had to learn how to deal with car accidents, auto insurance, and other drivers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Lessons Learned From a Minor Car Accident</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While every situation is different, there are at least five important things to consider when you experience an accident. By taking the time to think about them in advance, you can save yourself mountains of grief in the event that an accident takes place.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>1. Watch Your Words</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>“Admit it was your fault” were the first words out of the other driver’s mouth. Call it the Canadian in me, but my first instinct was to apologize profusely, even though I knew it wasn’t my fault. From what I could gather, I had been in the left turn lane when the truck crossed over from the right lane, trying to turn without checking his blind spot. Luckily, I clamped my mouth shut and ignored the man as I checked on my daughter. But I was confused – why was he insisting that I say it was my fault before we even assessed what happened? When I didn’t respond, the man got on the phone to report the accident to the police – the right thing to do. Soon after, an officer showed up and began working on his report. While the officer walked around the vehicles to assess the damage, the other driver kept needling me, “So, you admit it was your fault, right? Just say it was!” I simply said “I don’t know.” When the cop overheard the man, he chastised him for his behavior. The officer then took me aside and told me that in the event of an accident I should only exchange insurance information, and should never accept fault. I know this may sound naive, but I had no idea<em>. </em>The police officer let me know that the insurance companies would manage everything, and I didn’t need to answer the other driver’s questions. I learned two important lessons that day: You should never accept fault at the scene of an accident, and you should watch your words when speaking to the other driver. Getting upset, yelling, and placing blame only made the other man look bad to the police officer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>2. Treat Law Enforcement as an Ally</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I was so relieved when the police officer showed up to take his report, mostly because I knew that determining fault was out of my hands. I&nbsp;began thinking of the officer as my ally – someone who would keep me safe and determine fault from a neutral perspective. I’ll confess that I was visibly shaken when the officer arrived, so it was hard for me to explain exactly what happened. I did my best, and he pieced together the rest based on the damage done to our respective vehicles. He knew that the other car had turned into me due to the tire damage along the side of my car. The other driver wasn’t pleased to give his side of the story. He was despondent about the accident, combative about my role in it, and downright angry when he received a citation. I wouldn’t go as far as to say that he wouldn’t have received the citation had he been more cooperative, but I do think that his attitude toward the officer affected the final report sent to our insurance companies. When speaking with a police officer at the scene of an accident, remember these points about making your statement:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Tell the officer the direction in which you were headed.</li><li>Note any signaling you saw or used before acting (e.g., a turn signal).</li><li>Mention any injuries that you or those in your car experienced due to the collision (including soreness or whip lash).</li><li>Share details about what you did leading up to and following the accident, without making assumptions about the actions of the other driver. For instance, you shouldn’t say, “I guess he forgot to signal and wanted to turn left.” This type of statement could be completely incorrect, and it makes you look like you’re placing blame.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Be honest and calm when giving your statement – law enforcement is your friend in these situations. As a neutral third-party, a police officer can help sort out the confusion and keep you safe through the process. I know I’m forever grateful for the cop who showed up at my accident scene – he was courteous, helpful, and kind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>3. Take Pictures and Memorize Details</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While the police officer wrote up his report, he escorted the other driver and me around each of our vehicles. My car sustained most of the damage, with almost the entire front end visibly smashed. The other driver complained that his side mirror was damaged, but the officer recognized that it was merely folded in. That’s when I got out my phone and started snapping pictures. I had a gut feeling that the other driver wasn’t going to play by the rules, and I wanted to be sure that I had all the details right. I snapped pictures of the damage to both cars, pictures of the intersection and traffic signals, as well as pictures of our insurance cards and the other driver’s license plate. I made a point to record and memorize street names and the length of the turning lane. Later, when both insurance companies called to get my side of the story, I pulled up the intersection on Google Earth and was able to give an exact report, knowing that I had all the details right. This only served to further my case, helping show that I was an attentive and conscientious driver. I’ve since downloaded my insurance company’s app onto my cellphone so that I always have quick access to the claims department, as well as an e-copy of my insurance – something I wish I had prior to my accident. Of course you should always have a copy of your insurance in your car, but having one on your phone adds an extra layer of confidence in the event of an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>4. Choose Your Claim Method</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are several different insurance claim methods you can use to submit a claim:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Not-at Fault Claims</strong>. My insurance company recommended that rather than spending money out-of-pocket to pay for repairs and a temporary rental car, I should have my car repaired through one of their certified body shops that they would cover directly. This would enable them to then work with the other party’s insurance company to have the expenses reimbursed. This saved me the trouble of paying for the repairs and personally working with the other man’s insurance for reimbursement.</li><li><strong>At-Fault Claims</strong>. Had I been at fault, I wouldn’t have been reimbursed for the cost of my deductible. Because the other driver was at fault, his insurance paid my insurance back for the repairs, including my deductible. If you’re at-fault for an accident, your insurance companies will cover the cost of your repairs, but you won’t get your deductible back, and your insurance premiums could increase.</li><li><strong>Total Loss Claims</strong>. If your vehicle is damaged beyond repair, or if the repairs cost more than your car is worth, you’re probably eligible for a claim that covers your total loss. This amount is determined based on the make, model, year, and condition of your car. In this event, you simply fill out an information packet that your insurance company sends to an agent who inspects your car to confirm that it is a total loss. The insurance then cuts a check for you.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Because of my situation, I filed a not-at-fault claim, choosing to have my insurance company arrange and pay for the repairs. There are a few clear benefits to this choice:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Your insurance company has a vested interest in making sure you’re satisfied with their service, so they work much faster than an insurance company for whom you aren’t a customer.</li><li>The claims process can take months. In my case, the other driver continued to fight the fault assigned to him, so it ended up going into arbitration – a method by which a neutral third party is assigned to look over the case, assess police reports and costs, and assign fault.&nbsp;The arbitrator eventually found in my favor, but if I had paid out-of-pocket for repairs, it would have taken almost a year before I recouped my costs. I’m glad I was only out a $500 deductible for that long, rather than thousands of dollars in repairs.</li><li>The repair process was relatively painless. I dropped my SUV off at the body shop, paid my deductible, and all the repair invoices were then submitted to and paid by my insurance company. I didn’t have to keep receipts, shop around for the best deal, or pay more than the initial deductible.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Not all claims go this smoothly, but given the choice between having my insurance company take care of everything, or paying for it myself, then working with my insurance company to be compensated&nbsp;through the other driver’s insurance company, the in-house method was definitely easier. Still, it’s a good idea to ask your claims adjuster which method works best for your situation. There’s no one-size-fits-all solution, and your adjuster might suggest a different route based on the other driver’s insurance, the extent of the damage, and your own level of insurance coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>5. Stay Calm</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I didn’t feel like staying calm while working through the aftermath of my accident. From the accident’s initial shock, to the months of dealing with insurance companies, to the constant conflicting stories being issued by the other driver, it was tempting to fly off the handle and tell the other driver’s insurance just what I thought of him. But if there’s one thing that I learned through the experience, it’s that you catch more flies with honey than with vinegar. Car accidents are awful, but getting upset, yelling, placing blame, and pointing fingers won’t serve you well. The police officer and claims adjusters I worked with responded well to a calm voice and a practical attitude. In my case, the other driver tried contacting me several times after the accident was deemed his fault. I ignored the calls and checked with my insurance company. Sure enough, they let me know that there’s no reason for the people involved in the accident to speak to one another after the accident – all communication should go through the insurance companies. By keeping a steady head, the stress of the accident and its aftermath do eventually subside.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Final Word</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I feel lucky that no one was hurt and that my SUV has since been repaired and is running smoothly. It was actually the mental aspect of the experience that I found most difficult. While I wish I had been more prepared, I’m glad for what it’s taught me. For one, I’m a much more attentive and defensive driver, and that’s a good thing. What’s more, I have a better understanding of the insurance process and I now know what to say (and what not to say) if I ever find myself in a similar situation again. Have you ever been in a car accident? What did the experience teach you?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.moneycrashers.com/what-to-do-after-car-accident/\">click here</a>.</p>\n<!-- /wp:paragraph -->','What to Do After a Car Accident – Injuries, Damages & Insurance Claims','','inherit','closed','closed','','1597-revision-v1','','','2021-05-31 21:39:23','2021-05-31 21:39:23','',1597,'http://smartinsurance.tips/?p=1601',0,'revision','',0),(1612,1,'2021-05-31 22:21:52','2021-05-31 22:21:52','<!-- wp:image {\"id\":1618,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-20-1024x536.png\" alt=\"\" class=\"wp-image-1618\"/><figcaption>Many factors help determine the cost of car insurance.</figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>When it comes to paying for car insurance, your insurance company uses several factors to decide how much to charge you.</li><li>The first factor is your vehicle, including the car\'s value, make and model, safety features, and more.</li><li>The second factor is who you are as a driver, including your age and driving history.</li><li>The third factor is how the insurance company operates its business, including its profitability and any applicable state laws.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-3\">Vehicle Factors</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Car insurance companies collect information on your vehicle to determine how much you need to pay for insurance. They may use your vehicle identification number (VIN) to access information, and they\'ll ask you for information as well. Here are the vehicle factors that might determine your costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Year:</strong> The year of your vehicle affects your insurance rate. New vehicles can be more expensive to insure because insurance companies base your rate on the car\'s value. Some insurance companies offer new vehicle discounts, though.</li><li><strong>Make and model:</strong> The make and model of your vehicle also influence the cost of your insurance. A luxury sports car will typically cost more to insure than a minivan. This is because sports cars are typically driven at higher speeds, making drivers more prone to accidents.</li><li>Vehicle safety features: Insurance companies offer discounts for safety features like airbags because they are proven to protect drivers and passengers.</li><li><strong>Car alarm: </strong>Most car insurance companies offer a discount for car alarms or other anti-theft devices.</li><li><strong>Number of vehicles you insure:</strong> Insuring more than one vehicle on your policy will typically get you a multi-car discount. The discount will apply to each vehicle, but it doesn\'t increase as you add more vehicles to the policy. If you get a 10% discount for insuring multiple vehicles, it will stay 10% whether you have two or three insured vehicles.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-8\">Driver Factors</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">Insurance companies also look at your personal information. They compare it with statistical data to decide on your premiums. Here are some of the personal factors they consider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Age:</strong> Young, inexperienced drivers are charged higher rates than older drivers. Rates typically start to drop for young adult drivers at age 25. Rates may increase for adults aged 70 or older due to slower reaction times and a higher likelihood of needing medical care after an accident.</li><li><strong>Driving record: </strong>Insurance companies review your driving record to determine how risky it is to insure you. If you have a history of accidents or traffic violations, you\'ll be charged a higher rate for your insurance.</li><li><strong>Number of drivers:</strong> Adding another driver to your car insurance will affect your price. Adding a young driver to your policy will increase your rates even more. Having more drivers than vehicles can be a good thing because the extra drivers can be listed as occasional drivers instead of a principal driver, and it costs less to insure occasional drivers.</li><li><strong>Credit score:</strong> Unless you live in a state where the practice is banned, your credit score will also influence your insurance rate. A higher credit score typically means a lower insurance rate.</li><li><strong>Homeownership: </strong>Most insurance carriers offer a homeowner discount and a multi-policy discount as long as you insure both policies with the same carrier.</li><li><strong>Where you live: </strong>Your location affects your car insurance rates. If you live in an area with high claims or high theft, your insurance rates will be higher. If you live in a rural area, you may pay more because of a high deer accident volume, for example.</li><li><strong>Grades:</strong> Insurance costs more for teen drivers. Insurance companies may offset that by offering discounts for getting good grades.9 Getting good grades shows a high level of responsibility, which may translate to safer driving.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-13\">Insurance Company Factors</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">The cost of insurance is also affected by how the insurance company operates its business. Is the company privately held or public? How many employees does it have? How much are the employees paid? And the biggest factor, how much money has been paid out in claims? Here are a few ways your insurance company can impact your claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-7\"><li><strong>Profitability</strong>: Every insurance company is striving to be profitable. A company\'s bottom line is an important factor when it comes to your rates. Many factors affect profitability, including natural disasters, company investments, other lines of business, and underwriting.</li><li><strong>Payment plans</strong>: Insurance companies offer different payment plans. Some offer discounts for paying annually or semiannually. Some companies may also offer discounts if you make automatic payments.</li><li><strong>Length of time insured</strong>: As an extra incentive to keep your business, many insurance companies offer lower rates to clients who have been with them for a long time. In addition to loyalty discounts, they may also offer credits toward your deductible for each policy period you don\'t make a claim, which can also save you money.</li><li><strong>State laws</strong>: Insurance companies have to abide by the state laws in which you live. You must purchase a policy that meets your state\'s minimum requirements. Some states also have additional fees that can increase your premiums.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.thebalance.com/what-affects-the-cost-of-car-insurance-527480\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Factors That Affect Car Insurance Rates','','publish','open','open','','does-car-insurance-go-down-at-25','','','2021-05-31 22:44:58','2021-05-31 22:44:58','',0,'http://smartinsurance.tips/?p=1612',0,'post','',0),(1613,1,'2021-05-31 22:21:52','2021-05-31 22:21:52','<!-- wp:divi/placeholder /-->','Does Car Insurance Go Down at 25?','','inherit','closed','closed','','1612-revision-v1','','','2021-05-31 22:21:52','2021-05-31 22:21:52','',1612,'http://smartinsurance.tips/?p=1613',0,'revision','',0),(1615,1,'2021-05-31 22:22:54','2021-05-31 22:22:54','','My-Post-18','','inherit','open','closed','','my-post-18','','','2021-05-31 22:22:54','2021-05-31 22:22:54','',1612,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-18.png',0,'attachment','image/png',0),(1616,1,'2021-05-31 22:25:32','2021-05-31 22:25:32','','My Post (19)','','inherit','open','closed','','my-post-19','','','2021-05-31 22:25:32','2021-05-31 22:25:32','',1612,'http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-19.png',0,'attachment','image/png',0),(1617,1,'2021-05-31 22:32:18','2021-05-31 22:32:18','','factors-affect-car-insurance-rates-1068x713','','inherit','open','closed','','factors-affect-car-insurance-rates-1068x713','','','2021-05-31 22:32:18','2021-05-31 22:32:18','',1612,'http://smartinsurance.tips/wp-content/uploads/2021/05/factors-affect-car-insurance-rates-1068x713-1.jpg',0,'attachment','image/jpeg',0),(1611,1,'2021-05-31 22:14:33','2021-05-31 22:14:33','<!-- wp:image {\"id\":1610,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-17-1024x536.png\" alt=\"\" class=\"wp-image-1610\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong>KEY POINTS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>On top of the increasing frequency and intensity of major storms, lumber prices have skyrocketed — which means the cost of repairing or replacing your home may be more than you realize.</li><li>Be sure your homeowners policy is sufficient to cover the cost of rebuilding your house.</li><li>Standard policies exclude flooding from coverage, and typically have separate deductibles that kick in when there is weather-related damage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Continuing climate change and soaring lumber costs are two things you may need to consider when it comes to your homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whether you live in an area prone to hurricanes, tornados, flooding, hail, wildfires or severe storms — all of which are becoming more prevalent — it’s important to know which types of weather-related damage your policy covers, excludes or charges a separate (and likely higher) deductible for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Add in current lumber prices — they are up 67% already this year and 340% from a year ago — and the cost of repairing or replacing your home if severe weather strikes may be far more than you’d expect.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As warmer weather takes hold across the U.S., so does the likelihood of severe weather. Tornado season already is under way, and the official hurricane season starts June 1 and runs through Nov. 30. Meanwhile, California and parts of the Southwest are experiencing drought conditions, which is conducive to wildfires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Last year, there were 22 separate billion-dollar weather and climate disaster events in the U.S., according to the National Oceanic and Atmospheric Administration. There also were 30 Atlantic storms that were named — a record — 12 of which made landfall in the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Depending on where you live and the weather that’s typical for that area, your homeowners policy may provide coverage for some of the more location-specific events, and state law often dictates what’s required of policies offered in their jurisdiction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s what to review in your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Replacement cost</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Standard policies typically will repair or replace your home up to the amount it’s insured for. Or, you may have a clause that increases that replacement amount to 125% or 150% of your dwelling coverage. Or, it may have no cap on the replacement cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://image.cnbcfm.com/api/v1/image/106427327-158343861906920200305_billion_dollar_disaster_costs.png?v=1583438671&amp;w=678&amp;h=381\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>When you’re evaluating the replacement-cost provision of your policy, be sure to take into consideration the higher costs (i.e., lumber) of rebuilding your home — especially if it’s been a while since you purchased the insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Different damage, different deductibles</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While many perils are covered under the standard part of your policy, some weather-related events fall under a different part that comes with a different deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you live in a state along the East Coast or Gulf of Mexico, there’s a good chance your homeowners insurance policy has a hurricane deductible. Likewise, in states more prone to wind-related events — i.e., tornadoes — you’re likely to have a wind deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Either way, those amounts typically range from about 1% to 5% (with a minimum $500) depending on the specifics of your insurance contract. Some homeowners might opt for an even higher deductible if it’s available. Generally speaking, the higher the deductible, the lower the premiums, and vice versa. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s important to note that for those percentage-based deductibles, the amount is based on your insured value, not the damage caused.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So if your home is insured for $500,000 and you have a 5% hurricane deductible, you’d be responsible for covering the first $25,000 regardless of the total cost of the damage. This means it’s wise to have a plan to cover your share in the aftermath of a disaster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also be aware that earthquakes are not covered by standard homeowners policies, even in quake-prone California (you’d have to purchase separate insurance). Nor, typically, are other types of earth movement (i.e., landslides, sinkholes).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Flooding risk</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners policies generally exclude flooding from coverage. Yet just one inch of water in your home can cause up to $25,000 worth of damage, according to the Federal Emergency Management Agency. And, 1 in 4 flood insurance claims come from outside a high-risk zone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For coverage, you’d need separate flood insurance through either the federal National Flood Insurance Program or a private insurer. Be aware, however, that there are coverage exclusions and limitations. And, flood policies take 30 days to become effective. The average yearly cost is $734, although that can vary widely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While flooding is a common aspect of natural disasters, fewer than 15% of homeowners have flood insurance, according to the Insurance Information Institute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When a homeowner faces storm-related damage that is uncovered but in a federally declared disaster zone, there might be government programs that can provide financial assistance, including FEMA grants and Small Business Administration loans. However, that help is not guaranteed, and it likely wouldn’t get you quickly back on your feet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For instance, after Hurricane Harvey in 2017, which dumped as much as 60 inches of rain in some spots in Texas, the average FEMA grant for individuals was $7,000, while the average claim through the National Flood Insurance Program was more than $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>If you’re a renter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Even if you don’t own your home, your finances are still at risk if a storm damages the house or building you live in. While the owner’s insurance would cover the structure itself, you’d be responsible for your own property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Renter’s insurance is an option for covering your belongings. It also can cover the cost of living somewhere else if you can’t remain in your home after a storm or any other insured event.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The national average for a policy with $40,000 coverage for personal property, a $1,000 deductible and $100,000 of liability protection is $197 a year (about $17 a month), according to an Insurance.com rate analysis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Protect your important records</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Long before disaster hits, key documents — such as birth certificates, deeds, titles and tax returns — should be stored safely in a waterproof spot, and duplicates should be kept elsewhere with a trusted person, advises the IRS. Or, you can scan and store them online or a flash drive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Additionally, taking photos of your home’s contents and condition can help facilitate the insurance claims process if your house ends up being damaged.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.cnbc.com/2021/05/07/there-are-more-reasons-this-year-to-check-your-homeowners-insurance.html\">click here</a>.</p>\n<!-- /wp:paragraph -->','There are more reasons this year to check your homeowners insurance ahead of severe summer weather','','inherit','closed','closed','','1607-revision-v1','','','2021-05-31 22:14:33','2021-05-31 22:14:33','',1607,'http://smartinsurance.tips/?p=1611',0,'revision','',0),(1620,1,'2021-06-01 20:48:25','2021-06-01 20:48:25','<!-- wp:image {\"id\":1573,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-8-1024x536.png\" alt=\"\" class=\"wp-image-1573\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>The set of habits doesn’t have to be complex, though. Take Satya Nadella, CEO of Microsoft, for example. He has two key habits that he does every day without fail: gratitude and exercise. Each morning, he wakes up and asks himself what he’s thankful for. Acts of gratitude like this are shown to improve mental and physical health. Next, Nadella hits the gym. No matter where he is, he commits to going to the gym for at least 30 minutes. He says it makes a huge difference - and he’s right. People who are physically fit have improved cognitive function.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Good habits for a positive mindset</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your mindset determines how you perceive the people around you and the situations you find yourself in. For that reason, a positive mindset will also determine your success in leadership. Approach your employees and tasks with a positive, enthusiastic mindset, and the results will follow. Approach them with a negative mindset, and you will only get negativity in return. Here’s how to use your habits to put yourself in a better headspace:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Exercise</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To show up with enthusiasm and optimism, you must first feel good. Exercise is an excellent way to boost happiness because it releases “feel-good” chemicals like endorphins, serotonin, and dopamine. The combination of chemicals that are released during exercise are proven to relieve depression and anxiety. One study, showed that 20 minutes of exercise can boost your mood for 12 hours.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. Meditation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Meditation forces you to slow down and reconnect with yourself. Most importantly, it can help you realize that your thoughts are separate from you. You are not your thoughts. When you’re able to make that connection, you’ll find that you judge yourself less. That makes your thinking and decision-making clearer and easier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Breathwork</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If meditation isn’t for you, try breathwork (or do both!). Breathwork has been practiced for centuries for its ability to help increase positivity, focus, and efficiency. The act of sitting still, focusing on the breath, and concentrating on certain breathing techniques forces you to slow down and be present. The result is more mental and physical energy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>4. Healthy eating</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s not surprising that a healthy diet contributes to having a positive mindset. Studies have shown that eating a diet high in whole foods like fruits and veggies increases happiness. Fiber has also been flagged as important, as it contributes to gut health which is linked to mental health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>5. Journaling</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As a leader, you’re probably pressed for time, running from meeting to meeting. With so many problems to solve and people to manage, it’s very easy to get to the end of the day and feel unsure as to how you got there. By that point, you likely have a tornado of thoughts in your head. Journaling — or any other type of self-reflection — is meant to help you release all of those thoughts and separate yourself from them. Then, you can zoom out and refocus on what matters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>6. Start your day without technology</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your waking moments and the hours that follow set the tone for your day. Do you want to start your day with someone else’s words or your own? Instead of jumping right into your phone, try some of the other habits outlined above. By doing so, you choose your own mood instead of letting someone else do it for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>7. Read</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As a leader, you should be committed to ongoing learning. After all, what kind of leader remains stuck in the past with old information? Reading is a great way to open yourself up to new ideas and concepts. Reading also relieves stress, increases empathy, and helps you process your real life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>8. Seek knowledge</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Reading isn’t the only way to learn, of course. Be curious - listen to podcasts, watch speeches, listen to TED talks, take an online course. There are so many ways to gain knowledge. Not only will it mentally stimulate you, but you’ll be a more respectable leader for it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Good habits, powerful results</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When it comes to building habits, slow and steady is best. Adding in one or two new habits can impact multiple areas of your life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.entrepreneur.com/article/369666\">click here</a>.</p>\n<!-- /wp:paragraph -->','Try These Habits - Successful People Do These Every Day','','inherit','closed','closed','','1569-revision-v1','','','2021-06-01 20:48:25','2021-06-01 20:48:25','',1569,'http://smartinsurance.tips/?p=1620',0,'revision','',0),(1619,1,'2021-05-31 22:44:57','2021-05-31 22:44:57','<!-- wp:image {\"id\":1618,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-20-1024x536.png\" alt=\"\" class=\"wp-image-1618\"/><figcaption>Many factors help determine the cost of car insurance.</figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>When it comes to paying for car insurance, your insurance company uses several factors to decide how much to charge you.</li><li>The first factor is your vehicle, including the car\'s value, make and model, safety features, and more.</li><li>The second factor is who you are as a driver, including your age and driving history.</li><li>The third factor is how the insurance company operates its business, including its profitability and any applicable state laws.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-3\">Vehicle Factors</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Car insurance companies collect information on your vehicle to determine how much you need to pay for insurance. They may use your vehicle identification number (VIN) to access information, and they\'ll ask you for information as well. Here are the vehicle factors that might determine your costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Year:</strong> The year of your vehicle affects your insurance rate. New vehicles can be more expensive to insure because insurance companies base your rate on the car\'s value. Some insurance companies offer new vehicle discounts, though.</li><li><strong>Make and model:</strong> The make and model of your vehicle also influence the cost of your insurance. A luxury sports car will typically cost more to insure than a minivan. This is because sports cars are typically driven at higher speeds, making drivers more prone to accidents.</li><li>Vehicle safety features: Insurance companies offer discounts for safety features like airbags because they are proven to protect drivers and passengers.</li><li><strong>Car alarm: </strong>Most car insurance companies offer a discount for car alarms or other anti-theft devices.</li><li><strong>Number of vehicles you insure:</strong> Insuring more than one vehicle on your policy will typically get you a multi-car discount. The discount will apply to each vehicle, but it doesn\'t increase as you add more vehicles to the policy. If you get a 10% discount for insuring multiple vehicles, it will stay 10% whether you have two or three insured vehicles.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-8\">Driver Factors</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">Insurance companies also look at your personal information. They compare it with statistical data to decide on your premiums. Here are some of the personal factors they consider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Age:</strong> Young, inexperienced drivers are charged higher rates than older drivers. Rates typically start to drop for young adult drivers at age 25. Rates may increase for adults aged 70 or older due to slower reaction times and a higher likelihood of needing medical care after an accident.</li><li><strong>Driving record: </strong>Insurance companies review your driving record to determine how risky it is to insure you. If you have a history of accidents or traffic violations, you\'ll be charged a higher rate for your insurance.</li><li><strong>Number of drivers:</strong> Adding another driver to your car insurance will affect your price. Adding a young driver to your policy will increase your rates even more. Having more drivers than vehicles can be a good thing because the extra drivers can be listed as occasional drivers instead of a principal driver, and it costs less to insure occasional drivers.</li><li><strong>Credit score:</strong> Unless you live in a state where the practice is banned, your credit score will also influence your insurance rate. A higher credit score typically means a lower insurance rate.</li><li><strong>Homeownership: </strong>Most insurance carriers offer a homeowner discount and a multi-policy discount as long as you insure both policies with the same carrier.</li><li><strong>Where you live: </strong>Your location affects your car insurance rates. If you live in an area with high claims or high theft, your insurance rates will be higher. If you live in a rural area, you may pay more because of a high deer accident volume, for example.</li><li><strong>Grades:</strong> Insurance costs more for teen drivers. Insurance companies may offset that by offering discounts for getting good grades.9 Getting good grades shows a high level of responsibility, which may translate to safer driving.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-13\">Insurance Company Factors</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">The cost of insurance is also affected by how the insurance company operates its business. Is the company privately held or public? How many employees does it have? How much are the employees paid? And the biggest factor, how much money has been paid out in claims? Here are a few ways your insurance company can impact your claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-7\"><li><strong>Profitability</strong>: Every insurance company is striving to be profitable. A company\'s bottom line is an important factor when it comes to your rates. Many factors affect profitability, including natural disasters, company investments, other lines of business, and underwriting.</li><li><strong>Payment plans</strong>: Insurance companies offer different payment plans. Some offer discounts for paying annually or semiannually. Some companies may also offer discounts if you make automatic payments.</li><li><strong>Length of time insured</strong>: As an extra incentive to keep your business, many insurance companies offer lower rates to clients who have been with them for a long time. In addition to loyalty discounts, they may also offer credits toward your deductible for each policy period you don\'t make a claim, which can also save you money.</li><li><strong>State laws</strong>: Insurance companies have to abide by the state laws in which you live. You must purchase a policy that meets your state\'s minimum requirements. Some states also have additional fees that can increase your premiums.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.thebalance.com/what-affects-the-cost-of-car-insurance-527480\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Factors That Affect Car Insurance Rates','','inherit','closed','closed','','1612-revision-v1','','','2021-05-31 22:44:57','2021-05-31 22:44:57','',1612,'http://smartinsurance.tips/?p=1619',0,'revision','',0),(1622,1,'2021-06-01 21:07:00','2021-06-01 21:07:00','<!-- wp:image {\"align\":\"left\",\"id\":1595,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-14-1024x536.png\" alt=\"\" class=\"wp-image-1595\"/><figcaption><span class=\"has-inline-color has-black-color\">Like any financial commitment, it has pros and cons.</span></figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Homeownership has always been part of the American Dream. Because of that, many people accept owning a home as the right, even obligatory, thing to do without considering the benefits and the risks. If you are contemplating buying a home, you should know and review the pros and cons of the investment you are about to make—as you would any investment decision—before signing on the dotted line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>If you are considering homeownership, be aware of and review the advantages along with any potential risks you may face before you close the deal.</li><li>The benefits of investing in a home include appreciation, home equity, tax deductions, and deductible expenses.</li><li>Risks and caveats of investing in a home can include high upfront costs, depreciation, and illiquidity.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-13\">Attractive Long-Term Investment</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Appreciation represents the increase in home values over time. Real estate prices are cyclical, and homeowners shouldn\'t expect the property\'s value to increase drastically in the short-term. But if you stay in your home long enough, there\'s a very good likelihood you will be able to sell your home for a profit because of appreciation later in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, buying a home is one of the best long-term investments you can make. Despite dramatic dips such as 2008 Housing Crash, residential real estate tends to rise in value. Median home prices in the U.S. rose from $298,900 in fourth quarter of 2014 to $346,800 in the fourth quarter of 2020—a more than 16% increase in value in six years. Go back a decade, when the median sales price was $219,000 (Q4 2009), and you have a 42.7% increase.1﻿﻿ That’s not a bad return on an investment (ROI) that also provides you with a place to live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Real estate appreciates primarily because of the land on which the home sits, while the actual structure depreciates as time goes by. So the expression \"location, location, location\" is not just a real estate catch-phrase, but a very important consideration when buying a home. The neighborhood with the amenities it brings—school districts, parks, condition of roads, etc.—and the city where the home is located all factor into the property\'s appreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consider a home that is rundown and dilapidated to the point that it\'s uninhabitable. The land underneath the home may still be worth a significant amount of money—more than the residence, in this case. A seller may consider selling it as is (with the structure still intact) or spending a little extra to demolish the home and sell the land at a higher price on its own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-13\">Building Equity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home equity represents the difference between how much you still owe on your mortgage and the market price or value of your home. Home equity and appreciation may be considered together. As noted above, your home likely would grow in market value over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your equity also grows as you pay down your mortgage, with less of your payment going toward interest and more toward lowering the balance on your loan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>Appreciation is the change in the value of your home over time, while home equity is the difference between the balance on your mortgage and your home\'s market value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Building equity does take some time because it takes time to lower the principal balance owing on the mortgage loan—unless, of course, you make a large down payment or regular prepayments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One thing to keep in mind, though, is that the length of time you have your home is a big factor in how much equity you build and the appreciation you can realize. The longer you keep it, the more equity you obtain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As you pay down your mortgage and reduce the amount you owe, without realizing it, you are saving as the value of your home is increasing—just as the value of your savings account increases with interest. When you sell, you likely would get back every dollar you paid out and more, assuming you stay in your house long enough. Over time, the average 6% return (interest rate) on your savings should more than cover your outlay.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another plus is that home equity provides flexibility to get a loan that is tied to the amount of your home equity. Many investors follow their home equity and home appreciation simultaneously. If an investor believes their home value is greatly appreciating, they may put off a home equity loan to have a better opportunity to realize a seller’s appreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Mortgage lending discrimination is illegal. If you think you\'ve been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. One such step is to file a report to the Consumer Financial Protection Bureau or with the U.S. Department of Housing and Urban Development (HUD).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-30\">Location, Location, Location</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While paying down your mortgage works the same no matter where you live, market-value growth varies with location. According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), real estate prices rose an average of 32.88% over the five-year period ending Dec. 31, 2019, in the U.S. overall. However, prices in the Middle Atlantic census division rose by only 23.21%, and prices in the Pacific census division climbed by an average of 40.39%.3﻿﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>To see how this might affect prices where you plan to buy, check out the full FHFA chart below:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>&nbsp;Division</th><th>&nbsp;Division Ranking</th><th>&nbsp;One-Year</th><th>&nbsp;Quarter</th><th>&nbsp;Five-Year</th><th>&nbsp;Since Q1 1991</th></tr></thead><tbody><tr><td><strong>USA</strong></td><td>&nbsp;&nbsp;</td><td>4.94%</td><td>1.11%</td><td>32.93%</td><td>174.44%</td></tr><tr><td><strong>Mountain</strong></td><td>1</td><td>6.91%&nbsp;</td><td>1.77%</td><td>47.18%</td><td>276.71%</td></tr><tr><td><strong>Pacific</strong></td><td>2</td><td>4.45%</td><td>1.08%</td><td>41.04%</td><td>218.63%</td></tr><tr><td><strong>South Atlantic</strong></td><td>3</td><td>4.96%</td><td>1.02%</td><td>36.39%</td><td>177.94%</td></tr><tr><td><strong>West South Central</strong></td><td>4</td><td>4.65%</td><td>1.02%</td><td>30.75%</td><td>188.76%</td></tr><tr><td><strong>East South Central</strong></td><td>5</td><td>5.27%</td><td>0.99%</td><td>29.59%</td><td>149.60%</td></tr><tr><td><strong>East North Centra</strong>l</td><td>6</td><td>5.16%</td><td>1.15%</td><td>30.25%</td><td>128.07%</td></tr><tr><td><strong>New England</strong></td><td>7</td><td>4.67%</td><td>1.35%</td><td>24.41%</td><td>152.51%</td></tr><tr><td><strong>West North Central</strong></td><td>8</td><td>4.78%</td><td>1.16%</td><td>28.60%</td><td>171.64%</td></tr><tr><td><strong>Middle Atlantic</strong></td><td>9</td><td>4.04%</td><td>0.76%</td><td>22.26%</td><td>146.18%</td></tr></tbody></table><figcaption>Source: FHFA U.S. House Price Index - 3Q 2019.</figcaption></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-39\">Capital Gains Exclusion</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Eventually, you will sell your home. When you do, the law allows you to keep the profits and pay no capital gains taxes. Well, not necessarily all the profits. The Internal Revenue Service (IRS) allows a tax-free profit of as much as $250,000 for single homeowners and $500,000 for married couples—for your main residence only, not for a second home or vacation property.5﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are a few requirements you need to meet in order to qualify for this exclusion. You must own the home for at least two years—24 months—within the last five years up to the closing date. The residence requirement dictates that you should have lived in the home for at least two years during the five-year period leading up to the sale. The final requirement, the look-back requirement, outlines that you didn\'t profit from selling another primary residence during the two-year period leading up to the most recent sale.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-44\">Tax Deductions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After appreciation, the benefit of homeownership that is cited most often is tax deductions or savings. When you buy a home, you can deduct some of the expenses of owning that home from the taxes you pay to the government. This includes mortgage interest on both your principal residence and a second home, which can amount to thousands of dollars per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Interest on home-equity loans, or home-equity lines of credit (HELOC), is also deductible if the funds are used to improve your home substantially.7 You can also deduct as much as $10,000 in state and local (SALT) taxes, including property taxes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-49\">The Tax Cuts and Jobs Act\'s Effect</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The Tax Cuts and Jobs Act made substantial changes to the parts of the tax code that have to do with homeownership. Unless a future Congress amends the law, all provisions will expire after Dec. 31, 2025.9﻿ But for now, changes in that law have reduced the value of owning a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The law limits mortgage interest deductions to $750,000 of total mortgage debt, including for a first and second home and any home-equity or HELOC loans. However, the higher limitation of $1 million in mortgage debt still applies for indebtedness incurred before December 16, 2017.6</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The law also set the SALT deduction limit to $10,000.8﻿ Other new provisions include restrictions on claiming casualty losses except for federally declared disasters.10﻿ The moving expenses deduction no longer exist, except for the active-duty military moving for reasons of work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>All these changes have lowered the value of owning a home—including the fact that, with the near doubling of the standard deduction (another feature of the Act), fewer people will have enough deductions to file Schedule A instead of taking the standard deduction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So the fact that you are eligible for a tax deduction does not mean that it will end up being useful to you. The severe limiting of the SALT deduction will be particularly detrimental in lowering available deductions for people who live in highly taxed states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-60\">High Upfront Costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The cost of investing in a home can be high—there\'s more to your expenses than the property\'s selling price and the interest rate on your mortgage. For starters, you can expect to pay anywhere from 2% to 5% of the purchase price in closing costs. Some of the most common closing costs include an application fee, appraisal fee, attorney fees, property taxes, mortgage insurance, home inspection, first-year homeowner’s insurance premium, title search, title insurance, points (prepaid interest), origination fee, recording fees, and survey fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Experts say you should plan to stay in your house at least five years to recover those costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-65\">Potential Depreciation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not all homes grow in value. The housing crisis of 2008 resulted in many homeowners being underwater, which means owing more on your mortgage than your home is worth. It doesn’t take a housing crisis for home prices to stagnate or drop. Regional or local economic conditions can result in home values that don’t keep up with inflation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Remember, too, that the actual structure you live in will depreciate over time. This can be a result of wear and tear on the property, or a lack of maintenance and repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-70\">Pride and Financial Responsibilities</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ownership comes with responsibilities, however. You must pay your mortgage or risk losing your home and the equity you’ve built. Maintenance and upkeep are your responsibility. You can’t call the landlord at 2:00 a.m. to have a leaky water pipe repaired. If the roof is damaged, you must repair it—or have it repaired—yourself. Lawn mowing, snow removal, homeowners insurance, and liability insurance all fall on you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-75\">Illiquidity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-76\">Unlike stock, which can be sold within a matter of days, homes typically take much longer to unload. The fact that you might have access to $500,000 in tax-free capital gains doesn’t mean that you have ready access. Meanwhile, you still must make mortgage payments and maintain the house until you sell it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-78\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-79\">A home is an investment that comes with many investment benefits but also risks, which makes it an investment that is not for everyone. Weighing the investment benefits against the risks is important. A rational comparison of pros and cons can help you decide whether to put your money into a home investment or potentially find better returns elsewhere.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/mortgages-real-estate/08/home-ownership.asp\">click here</a>.<br></p>\n<!-- /wp:paragraph -->','Homeownership as an Investment','','inherit','closed','closed','','1591-revision-v1','','','2021-06-01 21:07:00','2021-06-01 21:07:00','',1591,'http://smartinsurance.tips/?p=1622',0,'revision','',0),(1628,1,'2021-06-08 23:35:18','2021-06-08 23:35:18','','My-Post-2','','inherit','open','closed','','my-post-2-3','','','2021-06-08 23:35:18','2021-06-08 23:35:18','',1627,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-2.png',0,'attachment','image/png',0),(1626,1,'2021-06-01 23:56:06','2021-06-01 23:56:06','<!-- wp:image {\"id\":1610,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-17-1024x536.png\" alt=\"\" class=\"wp-image-1610\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong>KEY POINTS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>On top of the increasing frequency and intensity of major storms, lumber prices have skyrocketed — which means the cost of repairing or replacing your home may be more than you realize.</li><li>Be sure your homeowners policy is sufficient to cover the cost of rebuilding your house.</li><li>Standard policies exclude flooding from coverage, and typically have separate deductibles that kick in when there is weather-related damage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Continuing climate change and soaring lumber costs are two things you may need to consider when it comes to your homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whether you live in an area prone to hurricanes, tornados, flooding, hail, wildfires or severe storms — all of which are becoming more prevalent — it’s important to know which types of weather-related damage your policy covers, excludes or charges a separate (and likely higher) deductible for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Add in current lumber prices — they are up 67% already this year and 340% from a year ago — and the cost of repairing or replacing your home if severe weather strikes may be far more than you’d expect.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As warmer weather takes hold across the U.S., so does the likelihood of severe weather. Tornado season already is under way, and the official hurricane season starts June 1 and runs through Nov. 30. Meanwhile, California and parts of the Southwest are experiencing drought conditions, which is conducive to wildfires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Last year, there were 22 separate billion-dollar weather and climate disaster events in the U.S., according to the National Oceanic and Atmospheric Administration. There also were 30 Atlantic storms that were named — a record — 12 of which made landfall in the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Depending on where you live and the weather that’s typical for that area, your homeowners policy may provide coverage for some of the more location-specific events, and state law often dictates what’s required of policies offered in their jurisdiction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s what to review in your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Replacement cost</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Standard policies typically will repair or replace your home up to the amount it’s insured for. Or, you may have a clause that increases that replacement amount to 125% or 150% of your dwelling coverage. Or, it may have no cap on the replacement cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img src=\"https://image.cnbcfm.com/api/v1/image/106427327-158343861906920200305_billion_dollar_disaster_costs.png?v=1583438671&amp;w=678&amp;h=381\" alt=\"\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>When you’re evaluating the replacement-cost provision of your policy, be sure to take into consideration the higher costs (i.e., lumber) of rebuilding your home — especially if it’s been a while since you purchased the insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Different damage, different deductibles</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While many perils are covered under the standard part of your policy, some weather-related events fall under a different part that comes with a different deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you live in a state along the East Coast or Gulf of Mexico, there’s a good chance your homeowners insurance policy has a hurricane deductible. Likewise, in states more prone to wind-related events — i.e., tornadoes — you’re likely to have a wind deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Either way, those amounts typically range from about 1% to 5% (with a minimum $500) depending on the specifics of your insurance contract. Some homeowners might opt for an even higher deductible if it’s available. Generally speaking, the higher the deductible, the lower the premiums, and vice versa.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s important to note that for those percentage-based deductibles, the amount is based on your insured value, not the damage caused.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So if your home is insured for $500,000 and you have a 5% hurricane deductible, you’d be responsible for covering the first $25,000 regardless of the total cost of the damage. This means it’s wise to have a plan to cover your share in the aftermath of a disaster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also be aware that earthquakes are not covered by standard homeowners policies, even in quake-prone California (you’d have to purchase separate insurance). Nor, typically, are other types of earth movement (i.e., landslides, sinkholes).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Flooding risk</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners policies generally exclude flooding from coverage. Yet just one inch of water in your home can cause up to $25,000 worth of damage, according to the Federal Emergency Management Agency. And, 1 in 4 flood insurance claims come from outside a high-risk zone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For coverage, you’d need separate flood insurance through either the federal National Flood Insurance Program or a private insurer. Be aware, however, that there are coverage exclusions and limitations. And, flood policies take 30 days to become effective. The average yearly cost is $734, although that can vary widely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While flooding is a common aspect of natural disasters, fewer than 15% of homeowners have flood insurance, according to the Insurance Information Institute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When a homeowner faces storm-related damage that is uncovered but in a federally declared disaster zone, there might be government programs that can provide financial assistance, including FEMA grants and Small Business Administration loans. However, that help is not guaranteed, and it likely wouldn’t get you quickly back on your feet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For instance, after Hurricane Harvey in 2017, which dumped as much as 60 inches of rain in some spots in Texas, the average FEMA grant for individuals was $7,000, while the average claim through the National Flood Insurance Program was more than $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>If you’re a renter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Even if you don’t own your home, your finances are still at risk if a storm damages the house or building you live in. While the owner’s insurance would cover the structure itself, you’d be responsible for your own property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Renter’s insurance is an option for covering your belongings. It also can cover the cost of living somewhere else if you can’t remain in your home after a storm or any other insured event.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The national average for a policy with $40,000 coverage for personal property, a $1,000 deductible and $100,000 of liability protection is $197 a year (about $17 a month), according to an Insurance.com rate analysis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Protect your important records</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Long before disaster hits, key documents — such as birth certificates, deeds, titles and tax returns — should be stored safely in a waterproof spot, and duplicates should be kept elsewhere with a trusted person, advises the IRS. Or, you can scan and store them online or a flash drive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Additionally, taking photos of your home’s contents and condition can help facilitate the insurance claims process if your house ends up being damaged.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.cnbc.com/2021/05/07/there-are-more-reasons-this-year-to-check-your-homeowners-insurance.html\">click here</a>.</p>\n<!-- /wp:paragraph -->','There Are More Reasons This Year To Check Your Homeowners Insurance Ahead Of Severe Summer Weather','','inherit','closed','closed','','1607-revision-v1','','','2021-06-01 23:56:06','2021-06-01 23:56:06','',1607,'http://smartinsurance.tips/?p=1626',0,'revision','',0),(1624,1,'2021-06-01 21:08:22','2021-06-01 21:08:22','<!-- wp:image {\"align\":\"left\",\"id\":1595,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/05/My-Post-14-1024x536.png\" alt=\"\" class=\"wp-image-1595\"/><figcaption><span style=\"color:#1e1e1e\" class=\"has-inline-color\">Like any financial commitment, it has pros and cons.</span></figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Homeownership has always been part of the American Dream. Because of that, many people accept owning a home as the right, even obligatory, thing to do without considering the benefits and the risks. If you are contemplating buying a home, you should know and review the pros and cons of the investment you are about to make—as you would any investment decision—before signing on the dotted line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>If you are considering homeownership, be aware of and review the advantages along with any potential risks you may face before you close the deal.</li><li>The benefits of investing in a home include appreciation, home equity, tax deductions, and deductible expenses.</li><li>Risks and caveats of investing in a home can include high upfront costs, depreciation, and illiquidity.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-13\">Attractive Long-Term Investment</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Appreciation represents the increase in home values over time. Real estate prices are cyclical, and homeowners shouldn\'t expect the property\'s value to increase drastically in the short-term. But if you stay in your home long enough, there\'s a very good likelihood you will be able to sell your home for a profit because of appreciation later in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, buying a home is one of the best long-term investments you can make. Despite dramatic dips such as 2008 Housing Crash, residential real estate tends to rise in value. Median home prices in the U.S. rose from $298,900 in fourth quarter of 2014 to $346,800 in the fourth quarter of 2020—a more than 16% increase in value in six years. Go back a decade, when the median sales price was $219,000 (Q4 2009), and you have a 42.7% increase.1﻿﻿ That’s not a bad return on an investment (ROI) that also provides you with a place to live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Real estate appreciates primarily because of the land on which the home sits, while the actual structure depreciates as time goes by. So the expression \"location, location, location\" is not just a real estate catch-phrase, but a very important consideration when buying a home. The neighborhood with the amenities it brings—school districts, parks, condition of roads, etc.—and the city where the home is located all factor into the property\'s appreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consider a home that is rundown and dilapidated to the point that it\'s uninhabitable. The land underneath the home may still be worth a significant amount of money—more than the residence, in this case. A seller may consider selling it as is (with the structure still intact) or spending a little extra to demolish the home and sell the land at a higher price on its own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-13\">Building Equity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home equity represents the difference between how much you still owe on your mortgage and the market price or value of your home. Home equity and appreciation may be considered together. As noted above, your home likely would grow in market value over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your equity also grows as you pay down your mortgage, with less of your payment going toward interest and more toward lowering the balance on your loan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>Appreciation is the change in the value of your home over time, while home equity is the difference between the balance on your mortgage and your home\'s market value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Building equity does take some time because it takes time to lower the principal balance owing on the mortgage loan—unless, of course, you make a large down payment or regular prepayments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One thing to keep in mind, though, is that the length of time you have your home is a big factor in how much equity you build and the appreciation you can realize. The longer you keep it, the more equity you obtain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As you pay down your mortgage and reduce the amount you owe, without realizing it, you are saving as the value of your home is increasing—just as the value of your savings account increases with interest. When you sell, you likely would get back every dollar you paid out and more, assuming you stay in your house long enough. Over time, the average 6% return (interest rate) on your savings should more than cover your outlay.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another plus is that home equity provides flexibility to get a loan that is tied to the amount of your home equity. Many investors follow their home equity and home appreciation simultaneously. If an investor believes their home value is greatly appreciating, they may put off a home equity loan to have a better opportunity to realize a seller’s appreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Mortgage lending discrimination is illegal. If you think you\'ve been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. One such step is to file a report to the Consumer Financial Protection Bureau or with the U.S. Department of Housing and Urban Development (HUD).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-30\">Location, Location, Location</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While paying down your mortgage works the same no matter where you live, market-value growth varies with location. According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), real estate prices rose an average of 32.88% over the five-year period ending Dec. 31, 2019, in the U.S. overall. However, prices in the Middle Atlantic census division rose by only 23.21%, and prices in the Pacific census division climbed by an average of 40.39%.3﻿﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>To see how this might affect prices where you plan to buy, check out the full FHFA chart below:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>&nbsp;Division</th><th>&nbsp;Division Ranking</th><th>&nbsp;One-Year</th><th>&nbsp;Quarter</th><th>&nbsp;Five-Year</th><th>&nbsp;Since Q1 1991</th></tr></thead><tbody><tr><td><strong>USA</strong></td><td>&nbsp;&nbsp;</td><td>4.94%</td><td>1.11%</td><td>32.93%</td><td>174.44%</td></tr><tr><td><strong>Mountain</strong></td><td>1</td><td>6.91%&nbsp;</td><td>1.77%</td><td>47.18%</td><td>276.71%</td></tr><tr><td><strong>Pacific</strong></td><td>2</td><td>4.45%</td><td>1.08%</td><td>41.04%</td><td>218.63%</td></tr><tr><td><strong>South Atlantic</strong></td><td>3</td><td>4.96%</td><td>1.02%</td><td>36.39%</td><td>177.94%</td></tr><tr><td><strong>West South Central</strong></td><td>4</td><td>4.65%</td><td>1.02%</td><td>30.75%</td><td>188.76%</td></tr><tr><td><strong>East South Central</strong></td><td>5</td><td>5.27%</td><td>0.99%</td><td>29.59%</td><td>149.60%</td></tr><tr><td><strong>East North Centra</strong>l</td><td>6</td><td>5.16%</td><td>1.15%</td><td>30.25%</td><td>128.07%</td></tr><tr><td><strong>New England</strong></td><td>7</td><td>4.67%</td><td>1.35%</td><td>24.41%</td><td>152.51%</td></tr><tr><td><strong>West North Central</strong></td><td>8</td><td>4.78%</td><td>1.16%</td><td>28.60%</td><td>171.64%</td></tr><tr><td><strong>Middle Atlantic</strong></td><td>9</td><td>4.04%</td><td>0.76%</td><td>22.26%</td><td>146.18%</td></tr></tbody></table><figcaption>Source: FHFA U.S. House Price Index - 3Q 2019.</figcaption></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-39\">Capital Gains Exclusion</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Eventually, you will sell your home. When you do, the law allows you to keep the profits and pay no capital gains taxes. Well, not necessarily all the profits. The Internal Revenue Service (IRS) allows a tax-free profit of as much as $250,000 for single homeowners and $500,000 for married couples—for your main residence only, not for a second home or vacation property.5﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are a few requirements you need to meet in order to qualify for this exclusion. You must own the home for at least two years—24 months—within the last five years up to the closing date. The residence requirement dictates that you should have lived in the home for at least two years during the five-year period leading up to the sale. The final requirement, the look-back requirement, outlines that you didn\'t profit from selling another primary residence during the two-year period leading up to the most recent sale.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-44\">Tax Deductions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After appreciation, the benefit of homeownership that is cited most often is tax deductions or savings. When you buy a home, you can deduct some of the expenses of owning that home from the taxes you pay to the government. This includes mortgage interest on both your principal residence and a second home, which can amount to thousands of dollars per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Interest on home-equity loans, or home-equity lines of credit (HELOC), is also deductible if the funds are used to improve your home substantially.7 You can also deduct as much as $10,000 in state and local (SALT) taxes, including property taxes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-49\">The Tax Cuts and Jobs Act\'s Effect</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The Tax Cuts and Jobs Act made substantial changes to the parts of the tax code that have to do with homeownership. Unless a future Congress amends the law, all provisions will expire after Dec. 31, 2025.9﻿ But for now, changes in that law have reduced the value of owning a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The law limits mortgage interest deductions to $750,000 of total mortgage debt, including for a first and second home and any home-equity or HELOC loans. However, the higher limitation of $1 million in mortgage debt still applies for indebtedness incurred before December 16, 2017.6</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The law also set the SALT deduction limit to $10,000.8﻿ Other new provisions include restrictions on claiming casualty losses except for federally declared disasters.10﻿ The moving expenses deduction no longer exist, except for the active-duty military moving for reasons of work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>All these changes have lowered the value of owning a home—including the fact that, with the near doubling of the standard deduction (another feature of the Act), fewer people will have enough deductions to file Schedule A instead of taking the standard deduction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So the fact that you are eligible for a tax deduction does not mean that it will end up being useful to you. The severe limiting of the SALT deduction will be particularly detrimental in lowering available deductions for people who live in highly taxed states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-60\">High Upfront Costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The cost of investing in a home can be high—there\'s more to your expenses than the property\'s selling price and the interest rate on your mortgage. For starters, you can expect to pay anywhere from 2% to 5% of the purchase price in closing costs. Some of the most common closing costs include an application fee, appraisal fee, attorney fees, property taxes, mortgage insurance, home inspection, first-year homeowner’s insurance premium, title search, title insurance, points (prepaid interest), origination fee, recording fees, and survey fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Experts say you should plan to stay in your house at least five years to recover those costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-65\">Potential Depreciation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not all homes grow in value. The housing crisis of 2008 resulted in many homeowners being underwater, which means owing more on your mortgage than your home is worth. It doesn’t take a housing crisis for home prices to stagnate or drop. Regional or local economic conditions can result in home values that don’t keep up with inflation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Remember, too, that the actual structure you live in will depreciate over time. This can be a result of wear and tear on the property, or a lack of maintenance and repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-70\">Pride and Financial Responsibilities</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ownership comes with responsibilities, however. You must pay your mortgage or risk losing your home and the equity you’ve built. Maintenance and upkeep are your responsibility. You can’t call the landlord at 2:00 a.m. to have a leaky water pipe repaired. If the roof is damaged, you must repair it—or have it repaired—yourself. Lawn mowing, snow removal, homeowners insurance, and liability insurance all fall on you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-75\">Illiquidity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-76\">Unlike stock, which can be sold within a matter of days, homes typically take much longer to unload. The fact that you might have access to $500,000 in tax-free capital gains doesn’t mean that you have ready access. Meanwhile, you still must make mortgage payments and maintain the house until you sell it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-78\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-79\">A home is an investment that comes with many investment benefits but also risks, which makes it an investment that is not for everyone. Weighing the investment benefits against the risks is important. A rational comparison of pros and cons can help you decide whether to put your money into a home investment or potentially find better returns elsewhere.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/mortgages-real-estate/08/home-ownership.asp\">click here</a>.<br></p>\n<!-- /wp:paragraph -->','Homeownership as an Investment','','inherit','closed','closed','','1591-revision-v1','','','2021-06-01 21:08:22','2021-06-01 21:08:22','',1591,'http://smartinsurance.tips/?p=1624',0,'revision','',0),(1629,1,'2021-06-08 23:39:32','2021-06-08 23:39:32','<!-- wp:image {\"id\":1628,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-2-1024x536.png\" alt=\"\" class=\"wp-image-1628\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Financial health is a term used to describe the state of one\'s personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>KEY TAKEAWAYS</strong><br>The state and stability of an individual\'s personal finances and financial affairs are called their financial health.<br>Typical signs of strong financial health include a steady flow of income, rare changes in expenses, strong returns on investments, and a cash balance that is growing.<br>To improve your financial health, you need to assess your current net worth, create a budget you can stick to, build an emergency fund, and pay down your debts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-5\">Understanding Financial Health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">Financial experts have devised rough guidelines for each indicator of financial health, but each person\'s situation is different. For this reason, it is worthwhile to spend time developing your own financial plan to ensure that you are on track to reach your goals and that you’re not putting yourself at undue financial risk if the unexpected occurs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-8\">Measure Your Financial Health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">To get a better grasp of your financial health, it might help to ask yourself a few key questions—consider this a self-assessment of your financial health:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-11\"><li>How prepared are you for unexpected events? Do you have an emergency fund?</li><li>What is your net worth? Is it positive or negative?</li><li>Do you have the things you need in life? How about the things you want?</li><li>What percent of your debt would you consider high interest, such as credit cards? Is it more than 50%?</li><li>Are you actively saving for retirement? Do you feel you’re on track to meet your long-term goal?&nbsp;</li><li>Do you have enough insurance coverage—whether it be health or life?</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-13\">How Financial Health Is Determined</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An individual’s financial health can be measured in a number of ways. A person’s savings and overall net worth represent the monetary resources at their disposal for current or future use. These can be affected by debt, such as credit cards, mortgages, and auto and student loans. Financial health is not a static figure. It changes based on an individual’s liquidity and assets, as well as the fluctuation of the price of goods and services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, an individual’s salary might remain constant while the costs for gasoline, food, mortgages, and college tuition increase. Despite the good state of their initial financial health, the person may lose ground and lapse into decline if they do not keep pace with rising costs of goods.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Typical signs of strong financial health include a steady flow of income, rare changes in expenses, strong returns on investments that have been made, and a cash balance that is growing and is on track to continue to grow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-20\">Improving Your Financial Health Budgeting</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">To improve your financial health, you must first take a hard, realistic look at where you’re currently at. Calculate your net worth and figure out where you stand. This includes taking everything you own, such as retirement accounts, vehicles, and other assets and subtracting any and all debts. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-20\">Budgeting Emergency Fund Debt</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Then you need to create a budget. With your budget, it’s not enough just to plan for where you’ll be spending, but it’s also important to take a hard and close look at where you already spend. Are there areas where you could cut back? Recurring subscriptions that you don’t really need—such as cable? It’s fortuitous to understand what your “needs” are versus what your “wants” are.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Use spreadsheets or mobile apps to help set up a budget. Or, use the time-tested envelope method, which has you create an envelope for each budget item, such as groceries, and keeping the allocated cash in the respective envelope.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the major keys to a budget, and maintaining your financial health, is to stick to your budget regardless of whether you start making more money or bringing in more income. Lifestyle creep, which includes spending more money as you make more money, is detrimental to your financial health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-20\">Emergency Fund</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Building an emergency fund can materially boost your financial health. The fund is meant to be money that is saved and readily available for emergencies, such as car repairs or job loss. The goal should be to have three to six months’ worth of living expenses in your energy fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-20\">Debt</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pay down your debt. Use either the avalanche or snowball methods. The avalanche method suggests paying as much as possible toward the highest interest debt while paying the minimum on all others. The snowball, meanwhile, suggests taking the smallest debt balance first and then work your way up to the largest debt. There are pros and cons of each; pick the one that works the best for your debt load and your money-handling preferences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-36\">Rules and Tips for Financial Health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-37\">When it comes to effective personal finance—keeping your financial health in tip-top shape isn’t always easy. We get caught up with living life. However, here are a few quick rules and tips that you can follow to either improve or keep you in good financial health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-39\"><li>Automate your bill pay and savings—that is, set up automatic transfers to a savings account and auto-pay all your bills.</li><li>Always look for free checking and free accounts.</li><li>Shop around for insurance, cable or and other recurring expenses. This includes if you already have these items.</li><li>Use a budgeting method, such as&nbsp;<a href=\"https://www.investopedia.com/ask/answers/022916/what-502030-budget-rule.asp\">50/30/20</a>, which says you should be spending 50% on needs, 30% on wants and saving 20% of your income. This 20% could include debt reduction if you have high-interest debts.</li><li>Try to limit spending on housing (rent or mortgage) to not more than 40% of your income.</li><li>Invest early and often. That is, try to put 10-15% of your income directly into a retirement account.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-41\">Business Financial Health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The financial health of businesses can be gauged by comparable factors to assess the viability of a company as a going concern. For instance, if a company has revenue coming in and cash in the bank, yet is spending its resources on new investments in production equipment, office space, new hires, and other business services, it may raise questions about the long-term financial health and survivability of the company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If more money is spent that does not contribute to the overall stability and potential growth of the business, it can lead to a decline that makes it difficult to pay regular expenses such as utilities and employee salaries. This may force businesses to freeze or cut salaries in order to give the company the ability to continue operations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.thebalance.com/what-affects-the-cost-of-car-insurance-527480\"> </a><a href=\"https://www.investopedia.com/terms/f/financial-health.asp\">click here</a>.</p>\n<!-- /wp:paragraph -->','What Is Financial Health?','','inherit','closed','closed','','1627-revision-v1','','','2021-06-08 23:39:32','2021-06-08 23:39:32','',1627,'http://smartinsurance.tips/?p=1629',0,'revision','',0),(1630,1,'2021-06-08 23:40:23','2021-06-08 23:40:23','<!-- wp:image {\"id\":1628,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-2-1024x536.png\" alt=\"\" class=\"wp-image-1628\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Financial health is a term used to describe the state of one\'s personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>KEY TAKEAWAYS</strong><br>The state and stability of an individual\'s personal finances and financial affairs are called their financial health.<br>Typical signs of strong financial health include a steady flow of income, rare changes in expenses, strong returns on investments, and a cash balance that is growing.<br>To improve your financial health, you need to assess your current net worth, create a budget you can stick to, build an emergency fund, and pay down your debts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-5\">Understanding Financial Health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">Financial experts have devised rough guidelines for each indicator of financial health, but each person\'s situation is different. For this reason, it is worthwhile to spend time developing your own financial plan to ensure that you are on track to reach your goals and that you’re not putting yourself at undue financial risk if the unexpected occurs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-8\">Measure Your Financial Health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">To get a better grasp of your financial health, it might help to ask yourself a few key questions—consider this a self-assessment of your financial health:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-11\"><li>How prepared are you for unexpected events? Do you have an emergency fund?</li><li>What is your net worth? Is it positive or negative?</li><li>Do you have the things you need in life? How about the things you want?</li><li>What percent of your debt would you consider high interest, such as credit cards? Is it more than 50%?</li><li>Are you actively saving for retirement? Do you feel you’re on track to meet your long-term goal?&nbsp;</li><li>Do you have enough insurance coverage—whether it be health or life?</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-13\">How Financial Health Is Determined</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An individual’s financial health can be measured in a number of ways. A person’s savings and overall net worth represent the monetary resources at their disposal for current or future use. These can be affected by debt, such as credit cards, mortgages, and auto and student loans. Financial health is not a static figure. It changes based on an individual’s liquidity and assets, as well as the fluctuation of the price of goods and services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, an individual’s salary might remain constant while the costs for gasoline, food, mortgages, and college tuition increase. Despite the good state of their initial financial health, the person may lose ground and lapse into decline if they do not keep pace with rising costs of goods.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Typical signs of strong financial health include a steady flow of income, rare changes in expenses, strong returns on investments that have been made, and a cash balance that is growing and is on track to continue to grow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-20\">Improving Your Financial Health Budgeting</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">To improve your financial health, you must first take a hard, realistic look at where you’re currently at. Calculate your net worth and figure out where you stand. This includes taking everything you own, such as retirement accounts, vehicles, and other assets and subtracting any and all debts.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-20\">Budgeting Emergency Fund Debt</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Then you need to create a budget. With your budget, it’s not enough just to plan for where you’ll be spending, but it’s also important to take a hard and close look at where you already spend. Are there areas where you could cut back? Recurring subscriptions that you don’t really need—such as cable? It’s fortuitous to understand what your “needs” are versus what your “wants” are.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Use spreadsheets or mobile apps to help set up a budget. Or, use the time-tested envelope method, which has you create an envelope for each budget item, such as groceries, and keeping the allocated cash in the respective envelope.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the major keys to a budget, and maintaining your financial health, is to stick to your budget regardless of whether you start making more money or bringing in more income. Lifestyle creep, which includes spending more money as you make more money, is detrimental to your financial health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-20\">Emergency Fund</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Building an emergency fund can materially boost your financial health. The fund is meant to be money that is saved and readily available for emergencies, such as car repairs or job loss. The goal should be to have three to six months’ worth of living expenses in your energy fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-20\">Debt</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pay down your debt. Use either the avalanche or snowball methods. The avalanche method suggests paying as much as possible toward the highest interest debt while paying the minimum on all others. The snowball, meanwhile, suggests taking the smallest debt balance first and then work your way up to the largest debt. There are pros and cons of each; pick the one that works the best for your debt load and your money-handling preferences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-36\">Rules and Tips for Financial Health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-37\">When it comes to effective personal finance—keeping your financial health in tip-top shape isn’t always easy. We get caught up with living life. However, here are a few quick rules and tips that you can follow to either improve or keep you in good financial health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-39\"><li>Automate your bill pay and savings—that is, set up automatic transfers to a savings account and auto-pay all your bills.</li><li>Always look for free checking and free accounts.</li><li>Shop around for insurance, cable or and other recurring expenses. This includes if you already have these items.</li><li>Use a budgeting method, such as&nbsp;<a href=\"https://www.investopedia.com/ask/answers/022916/what-502030-budget-rule.asp\">50/30/20</a>, which says you should be spending 50% on needs, 30% on wants and saving 20% of your income. This 20% could include debt reduction if you have high-interest debts.</li><li>Try to limit spending on housing (rent or mortgage) to not more than 40% of your income.</li><li>Invest early and often. That is, try to put 10-15% of your income directly into a retirement account.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-41\">Business Financial Health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The financial health of businesses can be gauged by comparable factors to assess the viability of a company as a going concern. For instance, if a company has revenue coming in and cash in the bank, yet is spending its resources on new investments in production equipment, office space, new hires, and other business services, it may raise questions about the long-term financial health and survivability of the company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If more money is spent that does not contribute to the overall stability and potential growth of the business, it can lead to a decline that makes it difficult to pay regular expenses such as utilities and employee salaries. This may force businesses to freeze or cut salaries in order to give the company the ability to continue operations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.thebalance.com/what-affects-the-cost-of-car-insurance-527480\"> </a><a href=\"https://www.investopedia.com/terms/f/financial-health.asp\">click here</a>.</p>\n<!-- /wp:paragraph -->','What Is Financial Health?','','inherit','closed','closed','','1627-revision-v1','','','2021-06-08 23:40:23','2021-06-08 23:40:23','',1627,'http://smartinsurance.tips/?p=1630',0,'revision','',0),(1631,1,'2021-06-08 23:53:27','2021-06-08 23:53:27','<!-- wp:image {\"id\":1635,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-5-1024x536.png\" alt=\"\" class=\"wp-image-1635\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">Start living on a budget that works for you and your family. Make healthy financial choices to eliminate debt, decrease costs, save money, and stretch a paycheck without constantly crunching numbers. Quickly evaluate your financial situation, and start saving with these easy tips to set up a family budget today.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Create a Budget</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-3\">The first step to living on a budget is to track your family\'s income and expenses. Gather all of your bills, paycheck stubs, bank statements—everything you have that shows money coming in or going out. Write a frugal budget to manage your money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-4\">When you wing it every month without a budget in mind, you\'re passing up opportunities to slash unnecessary costs and save money. A few minutes spent creating a budget now can save you big money later.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Set Financial Goals</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-6\">Saving money seems like a long-term goal that\'s always out of reach when you\'re struggling from month to month just to pay the bills. Whether you want to save money for your child\'s college fund or you\'d like to tuck money away for your retirement, setting financial goals is an important step in protecting your family\'s future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-7\">Don\'t neglect your short-term goals either. Your financial goals can include quick reductions on utility bills, cable bills, and other expenses that are keeping you from saving more money each month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Get Out of Debt</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">While being in debt can feel overwhelming, managing your debt is easy when you set realistic goals. A debt management plan can be built into your budget so you can pay off your credit cards and mortgage and eliminate your overall debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">You might not be able to pay off all of your debt today, but you can create a realistic plan to work toward paying it off. Your budget will show you where your money is being squandered with high-interest charges and unnecessary expenses so you can then identify where your money truly needs to go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Lower Your Taxes</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-12\">Stop dreading the spring tax deadline every year. Simple tweaks can reduce your taxes and add money to your family\'s bottom line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-13\">Choosing the right filing status, studying current tax rules on claiming dependents, claiming the Child Tax Credit, and taking advantage of child care and dependent care expenses are a few of the tax rules you should be aware of every year when it\'s time to file. You\'ll have a little more time for all this in 2021, because the IRS has pushed back the annual filing deadline to May 17 in response to the coronavirus pandemic.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Plan for Financial Emergencies</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">The stress of a financial crisis can put a strain on the wealthiest families. Establishing an emergency fund helps you build up savings for unexpected expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">Life insurance and a last will and testament can also shield your family from financial hardship if something should happen to you or your spouse. The benefits and peace of mind of having them in place often outweigh the costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Control Spending on Food</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-20\">Cut the costs of feeding your family with a well-planned food budget. Save money on groceries with a ready-made shopping list of your family\'s favorite recipes. You\'ll always know what you need and can spot a sale on your staples. This keeps your kitchen pantry stocked without having to pay full price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-21\">Think outside the grocery store to find even more savings. \"Kids eat free\" deals at restaurants are also budget-friendly options that give you a break from the kitchen without draining your bank account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Budget for Travel</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">Many families think a vacation is an automatic budget buster. Stretching your travel dollars can make your dream trip a reality, though. With a few extra steps, you can save money on your vacation to make a getaway a part of your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">If you discover that your budget just won\'t allow your family to travel, plan a staycation that keeps everyone close to home but still has room for day trips and fun activities to fit any budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">To read the full article,<a href=\"https://www.thebalance.com/set-up-a-family-budget-3129262\" data-type=\"URL\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Quick Tips to Set Up a Family Budget','','publish','open','open','','8-simple-ways-to-save-money','','','2021-06-09 00:12:35','2021-06-09 00:12:35','',0,'http://smartinsurance.tips/?p=1631',0,'post','',0),(1632,1,'2021-06-08 23:53:27','2021-06-08 23:53:27','<!-- wp:divi/placeholder /-->','8 Simple Ways To Save Money','','inherit','closed','closed','','1631-revision-v1','','','2021-06-08 23:53:27','2021-06-08 23:53:27','',1631,'http://smartinsurance.tips/?p=1632',0,'revision','',0),(1634,1,'2021-06-08 23:54:22','2021-06-08 23:54:22','','My-Post-4','','inherit','open','closed','','my-post-4','','','2021-06-08 23:54:22','2021-06-08 23:54:22','',1631,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-4.png',0,'attachment','image/png',0),(1635,1,'2021-06-08 23:56:32','2021-06-08 23:56:32','','My-Post-5','','inherit','open','closed','','my-post-5','','','2021-06-08 23:56:32','2021-06-08 23:56:32','',1631,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-5.png',0,'attachment','image/png',0),(1645,1,'2021-06-09 00:12:34','2021-06-09 00:12:34','<!-- wp:image {\"id\":1635,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-5-1024x536.png\" alt=\"\" class=\"wp-image-1635\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">Start living on a budget that works for you and your family. Make healthy financial choices to eliminate debt, decrease costs, save money, and stretch a paycheck without constantly crunching numbers. Quickly evaluate your financial situation, and start saving with these easy tips to set up a family budget today.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Create a Budget</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-3\">The first step to living on a budget is to track your family\'s income and expenses. Gather all of your bills, paycheck stubs, bank statements—everything you have that shows money coming in or going out. Write a frugal budget to manage your money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-4\">When you wing it every month without a budget in mind, you\'re passing up opportunities to slash unnecessary costs and save money. A few minutes spent creating a budget now can save you big money later.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Set Financial Goals</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-6\">Saving money seems like a long-term goal that\'s always out of reach when you\'re struggling from month to month just to pay the bills. Whether you want to save money for your child\'s college fund or you\'d like to tuck money away for your retirement, setting financial goals is an important step in protecting your family\'s future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-7\">Don\'t neglect your short-term goals either. Your financial goals can include quick reductions on utility bills, cable bills, and other expenses that are keeping you from saving more money each month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Get Out of Debt</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">While being in debt can feel overwhelming, managing your debt is easy when you set realistic goals. A debt management plan can be built into your budget so you can pay off your credit cards and mortgage and eliminate your overall debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">You might not be able to pay off all of your debt today, but you can create a realistic plan to work toward paying it off. Your budget will show you where your money is being squandered with high-interest charges and unnecessary expenses so you can then identify where your money truly needs to go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Lower Your Taxes</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-12\">Stop dreading the spring tax deadline every year. Simple tweaks can reduce your taxes and add money to your family\'s bottom line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-13\">Choosing the right filing status, studying current tax rules on claiming dependents, claiming the Child Tax Credit, and taking advantage of child care and dependent care expenses are a few of the tax rules you should be aware of every year when it\'s time to file. You\'ll have a little more time for all this in 2021, because the IRS has pushed back the annual filing deadline to May 17 in response to the coronavirus pandemic.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Plan for Financial Emergencies</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">The stress of a financial crisis can put a strain on the wealthiest families. Establishing an emergency fund helps you build up savings for unexpected expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">Life insurance and a last will and testament can also shield your family from financial hardship if something should happen to you or your spouse. The benefits and peace of mind of having them in place often outweigh the costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Control Spending on Food</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-20\">Cut the costs of feeding your family with a well-planned food budget. Save money on groceries with a ready-made shopping list of your family\'s favorite recipes. You\'ll always know what you need and can spot a sale on your staples. This keeps your kitchen pantry stocked without having to pay full price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-21\">Think outside the grocery store to find even more savings. \"Kids eat free\" deals at restaurants are also budget-friendly options that give you a break from the kitchen without draining your bank account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Budget for Travel</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">Many families think a vacation is an automatic budget buster. Stretching your travel dollars can make your dream trip a reality, though. With a few extra steps, you can save money on your vacation to make a getaway a part of your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">If you discover that your budget just won\'t allow your family to travel, plan a staycation that keeps everyone close to home but still has room for day trips and fun activities to fit any budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">To read the full article,<a href=\"https://www.thebalance.com/set-up-a-family-budget-3129262\" data-type=\"URL\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Quick Tips to Set Up a Family Budget','','inherit','closed','closed','','1631-revision-v1','','','2021-06-09 00:12:34','2021-06-09 00:12:34','',1631,'http://smartinsurance.tips/?p=1645',0,'revision','',0),(1637,1,'2021-06-09 00:02:35','2021-06-09 00:02:35','<!-- wp:image {\"id\":1635,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-5-1024x536.png\" alt=\"\" class=\"wp-image-1635\"/><figcaption><span class=\"has-inline-color has-black-color\">How to stretch your money without feeling the crunch?</span></figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">Start living on a budget that works for you and your family. Make healthy financial choices to eliminate debt, decrease costs, save money, and stretch a paycheck without constantly crunching numbers. Quickly evaluate your financial situation, and start saving with these easy tips to set up a family budget today.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Create a Budget</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-3\">The first step to living on a budget is to track your family\'s income and expenses. Gather all of your bills, paycheck stubs, bank statements—everything you have that shows money coming in or going out. Write a frugal budget to manage your money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-4\">When you wing it every month without a budget in mind, you\'re passing up opportunities to slash unnecessary costs and save money. A few minutes spent creating a budget now can save you big money later.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Set Financial Goals</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-6\">Saving money seems like a long-term goal that\'s always out of reach when you\'re struggling from month to month just to pay the bills. Whether you want to save money for your child\'s college fund or you\'d like to tuck money away for your retirement, setting financial goals is an important step in protecting your family\'s future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-7\">Don\'t neglect your short-term goals either. Your financial goals can include quick reductions on utility bills, cable bills, and other expenses that are keeping you from saving more money each month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Get Out of Debt</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">While being in debt can feel overwhelming, managing your debt is easy when you set realistic goals. A debt management plan can be built into your budget so you can pay off your credit cards and mortgage and eliminate your overall debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">You might not be able to pay off all of your debt today, but you can create a realistic plan to work toward paying it off. Your budget will show you where your money is being squandered with high-interest charges and unnecessary expenses so you can then identify where your money truly needs to go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Lower Your Taxes</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-12\">Stop dreading the spring tax deadline every year. Simple tweaks can reduce your taxes and add money to your family\'s bottom line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-13\">Choosing the right filing status, studying current tax rules on claiming dependents, claiming the Child Tax Credit, and taking advantage of child care and dependent care expenses are a few of the tax rules you should be aware of every year when it\'s time to file. You\'ll have a little more time for all this in 2021, because the IRS has pushed back the annual filing deadline to May 17 in response to the coronavirus pandemic.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Plan for Financial Emergencies</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">The stress of a financial crisis can put a strain on the wealthiest families. Establishing an emergency fund helps you build up savings for unexpected expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">Life insurance and a last will and testament can also shield your family from financial hardship if something should happen to you or your spouse. The benefits and peace of mind of having them in place often outweigh the costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Control Spending on Food</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-20\">Cut the costs of feeding your family with a well-planned food budget. Save money on groceries with a ready-made shopping list of your family\'s favorite recipes. You\'ll always know what you need and can spot a sale on your staples. This keeps your kitchen pantry stocked without having to pay full price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\" id=\"mntl-sc-block_1-0-21\">Think outside the grocery store to find even more savings. \"Kids eat free\" deals at restaurants are also budget-friendly options that give you a break from the kitchen without draining your bank account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\"><strong>Budget for Travel</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">Many families think a vacation is an automatic budget buster. Stretching your travel dollars can make your dream trip a reality, though. With a few extra steps, you can save money on your vacation to make a getaway a part of your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">If you discover that your budget just won\'t allow your family to travel, plan a staycation that keeps everyone close to home but still has room for day trips and fun activities to fit any budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">To read the full article,<a href=\"https://www.thebalance.com/set-up-a-family-budget-3129262\" data-type=\"URL\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Quick Tips to Set Up a Family Budget','','inherit','closed','closed','','1631-revision-v1','','','2021-06-09 00:02:35','2021-06-09 00:02:35','',1631,'http://smartinsurance.tips/?p=1637',0,'revision','',0),(1636,1,'2021-06-09 00:01:42','2021-06-09 00:01:42','<!-- wp:image {\"id\":1635,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-5-1024x536.png\" alt=\"\" class=\"wp-image-1635\"/><figcaption><span class=\"has-inline-color has-black-color\">How to stretch your money without feeling the crunch?</span></figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Start living on a budget that works for you and your family. Make healthy financial choices to eliminate debt, decrease costs, save money, and stretch a paycheck without constantly crunching numbers. Quickly evaluate your financial situation, and start saving with these easy tips to set up a family budget today.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Create a Budget</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">The first step to living on a budget is to track your family\'s income and expenses. Gather all of your bills, paycheck stubs, bank statements—everything you have that shows money coming in or going out. Write a frugal budget to manage your money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">When you wing it every month without a budget in mind, you\'re passing up opportunities to slash unnecessary costs and save money. A few minutes spent creating a budget now can save you big money later.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Set Financial Goals</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">Saving money seems like a long-term goal that\'s always out of reach when you\'re struggling from month to month just to pay the bills. Whether you want to save money for your child\'s college fund or you\'d like to tuck money away for your retirement, setting financial goals is an important step in protecting your family\'s future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Don\'t neglect your short-term goals either. Your financial goals can include quick reductions on utility bills, cable bills, and other expenses that are keeping you from saving more money each month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Get Out of Debt</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While being in debt can feel overwhelming, managing your debt is easy when you set realistic goals. A debt management plan can be built into your budget so you can pay off your credit cards and mortgage and eliminate your overall debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You might not be able to pay off all of your debt today, but you can create a realistic plan to work toward paying it off. Your budget will show you where your money is being squandered with high-interest charges and unnecessary expenses so you can then identify where your money truly needs to go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Lower Your Taxes</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">Stop dreading the spring tax deadline every year. Simple tweaks can reduce your taxes and add money to your family\'s bottom line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">Choosing the right filing status, studying current tax rules on claiming dependents, claiming the Child Tax Credit, and taking advantage of child care and dependent care expenses are a few of the tax rules you should be aware of every year when it\'s time to file. You\'ll have a little more time for all this in 2021, because the IRS has pushed back the annual filing deadline to May 17 in response to the coronavirus pandemic.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Plan for Financial Emergencies</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The stress of a financial crisis can put a strain on the wealthiest families. Establishing an emergency fund helps you build up savings for unexpected expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Life insurance and a last will and testament can also shield your family from financial hardship if something should happen to you or your spouse. The benefits and peace of mind of having them in place often outweigh the costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Control Spending on Food</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">Cut the costs of feeding your family with a well-planned food budget. Save money on groceries with a ready-made shopping list of your family\'s favorite recipes. You\'ll always know what you need and can spot a sale on your staples. This keeps your kitchen pantry stocked without having to pay full price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">Think outside the grocery store to find even more savings. \"Kids eat free\" deals at restaurants are also budget-friendly options that give you a break from the kitchen without draining your bank account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Budget for Travel</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Many families think a vacation is an automatic budget buster. Stretching your travel dollars can make your dream trip a reality, though. With a few extra steps, you can save money on your vacation to make a getaway a part of your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you discover that your budget just won\'t allow your family to travel, plan a staycation that keeps everyone close to home but still has room for day trips and fun activities to fit any budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.thebalance.com/set-up-a-family-budget-3129262\" data-type=\"URL\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Quick Tips to Set Up a Family Budget','','inherit','closed','closed','','1631-revision-v1','','','2021-06-09 00:01:42','2021-06-09 00:01:42','',1631,'http://smartinsurance.tips/?p=1636',0,'revision','',0),(1638,1,'2021-06-09 00:03:06','2021-06-09 00:03:06','<!-- wp:image {\"id\":1641,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-6-1024x536.png\" alt=\"\" class=\"wp-image-1641\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Do you know anybody who’s not busy?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Most of us wake up each morning facing crammed calendars and mile-long to-do lists. As a lawyer/wife/mom/writer, I know I certainly do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Out of nerdy fascination and sheer survival instinct, I’ve made a lifelong study of productivity and time management. Here are the top 10 productivity tips that help me get done the things that I must or want to do without losing my mind:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Write It Down</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every task, every commitment should be written down. This frees your mind from the energy- and attention-sucking job of trying to remember.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In his seminal book on productivity, Getting Things Done, David Allen points out how uncompleted commitments take up psychic energy, each one making you just the tiniest bit more tired, more distracted, and therefore less productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>He emphasizes that the first step to managing your life and time is getting every commitment, large and small, out of your head and into a trusted system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I use OmniFocus to capture these commitments, but you can start with a simple pen and paper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. Get a Head Start</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The best way to hit the ground running is to start the night before.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before leaving your workspace, or before going to bed, take 10 minutes to look over the next day’s commitments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What appointments can’t be missed? What do you need to have with you for those appointments? (Make sure you’ve gathered those materials and have them ready to go.) What three to five tasks must get done?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Decide what you’ll do first. Look at that to-do list and decide whether any tasks on it can be delegated to someone else (see number 9 below) or, even better, crossed off the list altogether (see number 10 below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The busier your day, the more important it is to do this quick survey the day or evening before. It means you waste no time in the morning deciding where to start, or gathering materials (and maybe discovering a crucial item isn’t available when you need it).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Do Your Most Dreaded Task First</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone of us has one or more tasks on our to-do list that we dread doing. Maybe it’s that unpleasant phone call you don’t want to make, or that blog post you’ve been putting off writing because you don’t know how to start, or that project that just overwhelms you because it’s so massive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever it is, it hangs over your head, distracting you with guilt because it keeps getting pushed to the next day and the next. It’s time to end that cycle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do it first thing. Writer Michael Hyatt talks about slaying your dragons before breakfast—there’s nothing more motivating for the rest of your day than crossing that monster off your list first thing in the morning.<sup>[1]</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But many people instead of doing the tough tasks first, they do the easy ones. If you really want to be productive, there’re some tasks you shouldn’t do first in the morning:&nbsp;<a href=\"https://www.lifehack.org/525634/more-productive-never-this-start-your-morning\">To Be More Productive, Never Do This To Start Your Morning</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So make that call. Pull out a piece of paper and brainstorm ideas for that blog post.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do&nbsp;<em>something</em>&nbsp;about that overwhelming task—maybe you can’t finish it in one day, but you can at least get started. Whatever it is, just do it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, let the satisfaction of crossing it off your list carry you into the rest of your busy day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>4. Turn off Distractions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the major productivity killers is the distraction of constant interruptions: emails, phone calls, people appearing at your door…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The technology that can (and should) make our lives easier and better also can make it virtually impossible to maintain the kind of focused attention that’s necessary to work efficiently and effectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But here’s the thing: you can control that technology.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you’ve got an important task that requires attention and focus, create the space to give it your best.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whether it’s a meeting with a client or colleague, or an important letter that needs to get written, or a piece of art you want to create, schedule a block of time to focus on that commitment, and then turn off all distractions. Shut down your phone (or at least turn off the ringer). Silence your email alerts. Disconnect the internet (or at least Facebook and Twitter). Close your office door.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just for that hour (or thirty minutes, or half day), turn off all outside communications and give yourself the necessary luxury of undisturbed time to really focus on the matter at hand. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>5. Take Breaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s a limit to how long anybody can devote deep focus to a task.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>No matter how busy you are, after a certain amount of time, the law of diminishing returns kicks in, and fatigue—physical and/or mental—starts to impair your effectiveness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Schedule breaks periodically even during the busiest days. Take ten minutes to stand up, stretch, get a drink of water, walk around the block.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You’ll return to your work refreshed, both mentally and physically, and ready to be even more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>6. Batch Process</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the demands of your day include routine tasks, try to group similar tasks and schedule certain times during the day to knock them out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Answering emails? Returning phone calls? Entering expenses into a spreadsheet? Instead of interrupting your other tasks to do these things piecemeal, batch them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Set two or three or five times a day to check and respond to emails. Return phone calls at 11:45 am and 4:45 pm (or, if you want to avoid getting sucked into long phone conversations, return them at 12:15 pm while folks are at lunch, and 5:15 pm after they’ve left for the day, and just leave a message!)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By batching similar tasks, you save the time lost to ramping up multiple times a day and reap the benefits of momentum.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>7. Eat a Healthy Breakfast</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do I need to explain this? There are countless studies confirming the importance of breakfast for maintaining our health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Healthy people are more productive. No matter how busy you are, eat a decent breakfast. It’ll fuel you for a terrific start to your day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>8. Get Some Exercise</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not to be too repetitive, but healthy people are more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Exercise makes you healthier, so be sure to get some exercise every day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You don’t need to spend hours at the gym to get the benefit of this; take a walk around the block, or do some isometrics at your desk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just do something to get your heart pumping and your blood racing. It will enhance your general well being as well as your ability to think more clearly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>9. Delegate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I’ll confess: I stink at this. I hate to ask for help, and often it seems more trouble to explain a task to someone else than to just do it myself. But not everything that needs to be done in your life must be done by you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Evaluate that to-do list carefully. What tasks could someone else do, thereby freeing you up to focus on the things only you can do?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Look around you: who is available to do some of those tasks? A secretary? A colleague? A family member? A paid helper?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An important key to productivity is doing only those things that only you can do, and giving somebody else the opportunity to contribute by doing those other tasks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>10. Say No</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>How many commitments have you made that don’t really need to be kept at all?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Have you taken on tasks that don’t actually matter to you or anybody else?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Is your calendar cluttered with meetings that don’t accomplish anything for organizations that you no longer care about?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Has your day been hijacked by somebody else’s priorities?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your calendar is jammed, if your to-do list is miles long, take ten minutes or so to look at each item with a careful eye. Can any of those appointments or tasks simply be crossed off to create some reasonable margin in your life?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When someone calls or appears at your door with a request for your participation in some activity, take a breath and consider whether it fits into your own priorities (which priorities, of course, might legitimately include keeping your boss or spouse happy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the answer is no, then&nbsp;just say no. Practice it ahead of time: “Thank you for inviting me, but no.” “Thank you for asking, but no.” “Thank you for thinking of me, but no.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As a wise person has said, “no” is a complete sentence. No explanation is necessary. Just no.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may want to learn from Leo Babauta&nbsp;<a href=\"https://www.lifehack.org/articles/communication/the-gentle-art-of-saying-no.html\">The Gentle Art of Saying No</a>, so you can set better boundaries for yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.lifehack.org/articles/productivity/top-10-tips-for-productivity.html\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Top 10 Productivity Tips to Achieve More and Create Peace of Mind','','publish','open','open','','top-10-productivity-tips-to-achieve-more-and-create-peace-of-mind','','','2021-06-17 21:39:59','2021-06-17 21:39:59','',0,'http://smartinsurance.tips/?p=1638',0,'post','',0),(1639,1,'2021-06-09 00:03:06','2021-06-09 00:03:06','<!-- wp:divi/placeholder /-->','Top 10 Productivity Tips to Achieve More and Create Peace of Mind','','inherit','closed','closed','','1638-revision-v1','','','2021-06-09 00:03:06','2021-06-09 00:03:06','',1638,'http://smartinsurance.tips/?p=1639',0,'revision','',0),(1641,1,'2021-06-09 00:05:41','2021-06-09 00:05:41','','My-Post-6','','inherit','open','closed','','my-post-6-3','','','2021-06-09 00:05:41','2021-06-09 00:05:41','',1638,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-6.png',0,'attachment','image/png',0),(1646,1,'2021-06-09 00:12:58','2021-06-09 00:12:58','<!-- wp:image {\"id\":1641,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-6-1024x536.png\" alt=\"\" class=\"wp-image-1641\"/><figcaption><span class=\"has-inline-color has-black-color\">Do you know anybody who’s not busy?</span></figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Most of us wake up each morning facing crammed calendars and mile-long to-do lists. As a lawyer/wife/mom/writer, I know I certainly do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Out of nerdy fascination and sheer survival instinct, I’ve made a lifelong study of productivity and time management. Here are the top 10 productivity tips that help me get done the things that I must or want to do without losing my mind:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Write It Down</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every task, every commitment should be written down. This frees your mind from the energy- and attention-sucking job of trying to remember.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In his seminal book on productivity, Getting Things Done, David Allen points out how uncompleted commitments take up psychic energy, each one making you just the tiniest bit more tired, more distracted, and therefore less productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>He emphasizes that the first step to managing your life and time is getting every commitment, large and small, out of your head and into a trusted system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I use OmniFocus to capture these commitments, but you can start with a simple pen and paper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. Get a Head Start</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The best way to hit the ground running is to start the night before.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before leaving your workspace, or before going to bed, take 10 minutes to look over the next day’s commitments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What appointments can’t be missed? What do you need to have with you for those appointments? (Make sure you’ve gathered those materials and have them ready to go.) What three to five tasks must get done?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Decide what you’ll do first. Look at that to-do list and decide whether any tasks on it can be delegated to someone else (see number 9 below) or, even better, crossed off the list altogether (see number 10 below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The busier your day, the more important it is to do this quick survey the day or evening before. It means you waste no time in the morning deciding where to start, or gathering materials (and maybe discovering a crucial item isn’t available when you need it).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Do Your Most Dreaded Task First</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone of us has one or more tasks on our to-do list that we dread doing. Maybe it’s that unpleasant phone call you don’t want to make, or that blog post you’ve been putting off writing because you don’t know how to start, or that project that just overwhelms you because it’s so massive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever it is, it hangs over your head, distracting you with guilt because it keeps getting pushed to the next day and the next. It’s time to end that cycle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do it first thing. Writer Michael Hyatt talks about slaying your dragons before breakfast—there’s nothing more motivating for the rest of your day than crossing that monster off your list first thing in the morning.<sup>[1]</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But many people instead of doing the tough tasks first, they do the easy ones. If you really want to be productive, there’re some tasks you shouldn’t do first in the morning:&nbsp;<a href=\"https://www.lifehack.org/525634/more-productive-never-this-start-your-morning\">To Be More Productive, Never Do This To Start Your Morning</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So make that call. Pull out a piece of paper and brainstorm ideas for that blog post.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do&nbsp;<em>something</em>&nbsp;about that overwhelming task—maybe you can’t finish it in one day, but you can at least get started. Whatever it is, just do it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, let the satisfaction of crossing it off your list carry you into the rest of your busy day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>4. Turn off Distractions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the major productivity killers is the distraction of constant interruptions: emails, phone calls, people appearing at your door…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The technology that can (and should) make our lives easier and better also can make it virtually impossible to maintain the kind of focused attention that’s necessary to work efficiently and effectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But here’s the thing: you can control that technology.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you’ve got an important task that requires attention and focus, create the space to give it your best.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whether it’s a meeting with a client or colleague, or an important letter that needs to get written, or a piece of art you want to create, schedule a block of time to focus on that commitment, and then turn off all distractions. Shut down your phone (or at least turn off the ringer). Silence your email alerts. Disconnect the internet (or at least Facebook and Twitter). Close your office door.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just for that hour (or thirty minutes, or half day), turn off all outside communications and give yourself the necessary luxury of undisturbed time to really focus on the matter at hand. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>5. Take Breaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s a limit to how long anybody can devote deep focus to a task.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>No matter how busy you are, after a certain amount of time, the law of diminishing returns kicks in, and fatigue—physical and/or mental—starts to impair your effectiveness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Schedule breaks periodically even during the busiest days. Take ten minutes to stand up, stretch, get a drink of water, walk around the block.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You’ll return to your work refreshed, both mentally and physically, and ready to be even more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>6. Batch Process</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the demands of your day include routine tasks, try to group similar tasks and schedule certain times during the day to knock them out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Answering emails? Returning phone calls? Entering expenses into a spreadsheet? Instead of interrupting your other tasks to do these things piecemeal, batch them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Set two or three or five times a day to check and respond to emails. Return phone calls at 11:45 am and 4:45 pm (or, if you want to avoid getting sucked into long phone conversations, return them at 12:15 pm while folks are at lunch, and 5:15 pm after they’ve left for the day, and just leave a message!)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By batching similar tasks, you save the time lost to ramping up multiple times a day and reap the benefits of momentum.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>7. Eat a Healthy Breakfast</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do I need to explain this? There are countless studies confirming the importance of breakfast for maintaining our health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Healthy people are more productive. No matter how busy you are, eat a decent breakfast. It’ll fuel you for a terrific start to your day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>8. Get Some Exercise</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not to be too repetitive, but healthy people are more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Exercise makes you healthier, so be sure to get some exercise every day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You don’t need to spend hours at the gym to get the benefit of this; take a walk around the block, or do some isometrics at your desk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just do something to get your heart pumping and your blood racing. It will enhance your general well being as well as your ability to think more clearly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>9. Delegate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I’ll confess: I stink at this. I hate to ask for help, and often it seems more trouble to explain a task to someone else than to just do it myself. But not everything that needs to be done in your life must be done by you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Evaluate that to-do list carefully. What tasks could someone else do, thereby freeing you up to focus on the things only you can do?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Look around you: who is available to do some of those tasks? A secretary? A colleague? A family member? A paid helper?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An important key to productivity is doing only those things that only you can do, and giving somebody else the opportunity to contribute by doing those other tasks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>10. Say No</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>How many commitments have you made that don’t really need to be kept at all?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Have you taken on tasks that don’t actually matter to you or anybody else?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Is your calendar cluttered with meetings that don’t accomplish anything for organizations that you no longer care about?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Has your day been hijacked by somebody else’s priorities?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your calendar is jammed, if your to-do list is miles long, take ten minutes or so to look at each item with a careful eye. Can any of those appointments or tasks simply be crossed off to create some reasonable margin in your life?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When someone calls or appears at your door with a request for your participation in some activity, take a breath and consider whether it fits into your own priorities (which priorities, of course, might legitimately include keeping your boss or spouse happy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the answer is no, then&nbsp;just say no. Practice it ahead of time: “Thank you for inviting me, but no.” “Thank you for asking, but no.” “Thank you for thinking of me, but no.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As a wise person has said, “no” is a complete sentence. No explanation is necessary. Just no.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may want to learn from Leo Babauta <a href=\"https://www.lifehack.org/articles/communication/the-gentle-art-of-saying-no.html\">The Gentle Art of Saying No</a>, so you can set better boundaries for yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.lifehack.org/articles/productivity/top-10-tips-for-productivity.html\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Top 10 Productivity Tips to Achieve More and Create Peace of Mind','','inherit','closed','closed','','1638-revision-v1','','','2021-06-09 00:12:58','2021-06-09 00:12:58','',1638,'http://smartinsurance.tips/?p=1646',0,'revision','',0),(1644,1,'2021-06-09 00:11:22','2021-06-09 00:11:22','<!-- wp:image {\"id\":1641,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-6-1024x536.png\" alt=\"\" class=\"wp-image-1641\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Most of us wake up each morning facing crammed calendars and mile-long to-do lists. As a lawyer/wife/mom/writer, I know I certainly do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Out of nerdy fascination and sheer survival instinct, I’ve made a lifelong study of productivity and time management. Here are the top 10 productivity tips that help me get done the things that I must or want to do without losing my mind:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Write It Down</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every task, every commitment should be written down. This frees your mind from the energy- and attention-sucking job of trying to remember.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In his seminal book on productivity, Getting Things Done, David Allen points out how uncompleted commitments take up psychic energy, each one making you just the tiniest bit more tired, more distracted, and therefore less productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>He emphasizes that the first step to managing your life and time is getting every commitment, large and small, out of your head and into a trusted system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I use OmniFocus to capture these commitments, but you can start with a simple pen and paper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. Get a Head Start</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The best way to hit the ground running is to start the night before.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before leaving your workspace, or before going to bed, take 10 minutes to look over the next day’s commitments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What appointments can’t be missed? What do you need to have with you for those appointments? (Make sure you’ve gathered those materials and have them ready to go.) What three to five tasks must get done?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Decide what you’ll do first. Look at that to-do list and decide whether any tasks on it can be delegated to someone else (see number 9 below) or, even better, crossed off the list altogether (see number 10 below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The busier your day, the more important it is to do this quick survey the day or evening before. It means you waste no time in the morning deciding where to start, or gathering materials (and maybe discovering a crucial item isn’t available when you need it).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Do Your Most Dreaded Task First</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone of us has one or more tasks on our to-do list that we dread doing. Maybe it’s that unpleasant phone call you don’t want to make, or that blog post you’ve been putting off writing because you don’t know how to start, or that project that just overwhelms you because it’s so massive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever it is, it hangs over your head, distracting you with guilt because it keeps getting pushed to the next day and the next. It’s time to end that cycle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do it first thing. Writer Michael Hyatt talks about slaying your dragons before breakfast—there’s nothing more motivating for the rest of your day than crossing that monster off your list first thing in the morning.<sup>[1]</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But many people instead of doing the tough tasks first, they do the easy ones. If you really want to be productive, there’re some tasks you shouldn’t do first in the morning:&nbsp;<a href=\"https://www.lifehack.org/525634/more-productive-never-this-start-your-morning\">To Be More Productive, Never Do This To Start Your Morning</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So make that call. Pull out a piece of paper and brainstorm ideas for that blog post.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do&nbsp;<em>something</em>&nbsp;about that overwhelming task—maybe you can’t finish it in one day, but you can at least get started. Whatever it is, just do it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, let the satisfaction of crossing it off your list carry you into the rest of your busy day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>4. Turn off Distractions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the major productivity killers is the distraction of constant interruptions: emails, phone calls, people appearing at your door…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The technology that can (and should) make our lives easier and better also can make it virtually impossible to maintain the kind of focused attention that’s necessary to work efficiently and effectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But here’s the thing: you can control that technology.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you’ve got an important task that requires attention and focus, create the space to give it your best.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whether it’s a meeting with a client or colleague, or an important letter that needs to get written, or a piece of art you want to create, schedule a block of time to focus on that commitment, and then turn off all distractions. Shut down your phone (or at least turn off the ringer). Silence your email alerts. Disconnect the internet (or at least Facebook and Twitter). Close your office door.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just for that hour (or thirty minutes, or half day), turn off all outside communications and give yourself the necessary luxury of undisturbed time to really focus on the matter at hand. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>5. Take Breaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s a limit to how long anybody can devote deep focus to a task.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>No matter how busy you are, after a certain amount of time, the law of diminishing returns kicks in, and fatigue—physical and/or mental—starts to impair your effectiveness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Schedule breaks periodically even during the busiest days. Take ten minutes to stand up, stretch, get a drink of water, walk around the block.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You’ll return to your work refreshed, both mentally and physically, and ready to be even more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>6. Batch Process</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the demands of your day include routine tasks, try to group similar tasks and schedule certain times during the day to knock them out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Answering emails? Returning phone calls? Entering expenses into a spreadsheet? Instead of interrupting your other tasks to do these things piecemeal, batch them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Set two or three or five times a day to check and respond to emails. Return phone calls at 11:45 am and 4:45 pm (or, if you want to avoid getting sucked into long phone conversations, return them at 12:15 pm while folks are at lunch, and 5:15 pm after they’ve left for the day, and just leave a message!)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By batching similar tasks, you save the time lost to ramping up multiple times a day and reap the benefits of momentum.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>7. Eat a Healthy Breakfast</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do I need to explain this? There are countless studies confirming the importance of breakfast for maintaining our health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Healthy people are more productive. No matter how busy you are, eat a decent breakfast. It’ll fuel you for a terrific start to your day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>8. Get Some Exercise</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not to be too repetitive, but healthy people are more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Exercise makes you healthier, so be sure to get some exercise every day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You don’t need to spend hours at the gym to get the benefit of this; take a walk around the block, or do some isometrics at your desk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just do something to get your heart pumping and your blood racing. It will enhance your general well being as well as your ability to think more clearly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>9. Delegate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I’ll confess: I stink at this. I hate to ask for help, and often it seems more trouble to explain a task to someone else than to just do it myself. But not everything that needs to be done in your life must be done by you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Evaluate that to-do list carefully. What tasks could someone else do, thereby freeing you up to focus on the things only you can do?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Look around you: who is available to do some of those tasks? A secretary? A colleague? A family member? A paid helper?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An important key to productivity is doing only those things that only you can do, and giving somebody else the opportunity to contribute by doing those other tasks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>10. Say No</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>How many commitments have you made that don’t really need to be kept at all?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Have you taken on tasks that don’t actually matter to you or anybody else?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Is your calendar cluttered with meetings that don’t accomplish anything for organizations that you no longer care about?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Has your day been hijacked by somebody else’s priorities?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your calendar is jammed, if your to-do list is miles long, take ten minutes or so to look at each item with a careful eye. Can any of those appointments or tasks simply be crossed off to create some reasonable margin in your life?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When someone calls or appears at your door with a request for your participation in some activity, take a breath and consider whether it fits into your own priorities (which priorities, of course, might legitimately include keeping your boss or spouse happy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the answer is no, then&nbsp;just say no. Practice it ahead of time: “Thank you for inviting me, but no.” “Thank you for asking, but no.” “Thank you for thinking of me, but no.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As a wise person has said, “no” is a complete sentence. No explanation is necessary. Just no.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.lifehack.org/articles/productivity/top-10-tips-for-productivity.html\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Top 10 Productivity Tips to Achieve More and Create Peace of Mind','','inherit','closed','closed','','1638-revision-v1','','','2021-06-09 00:11:22','2021-06-09 00:11:22','',1638,'http://smartinsurance.tips/?p=1644',0,'revision','',0),(1642,1,'2021-06-09 00:08:45','2021-06-09 00:08:45','<!-- wp:image {\"id\":1641,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-6-1024x536.png\" alt=\"\" class=\"wp-image-1641\"/><figcaption><span class=\"has-inline-color has-black-color\">Do you know anybody who’s not busy?</span></figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Most of us wake up each morning facing crammed calendars and mile-long to-do lists. As a lawyer/wife/mom/writer, I know I certainly do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Out of nerdy fascination and sheer survival instinct, I’ve made a lifelong study of productivity and time management. Here are the top 10 productivity tips that help me get done the things that I must or want to do without losing my mind:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Write It Down</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every task, every commitment should be written down. This frees your mind from the energy- and attention-sucking job of trying to remember.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In his seminal book on productivity, Getting Things Done, David Allen points out how uncompleted commitments take up psychic energy, each one making you just the tiniest bit more tired, more distracted, and therefore less productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>He emphasizes that the first step to managing your life and time is getting every commitment, large and small, out of your head and into a trusted system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I use OmniFocus to capture these commitments, but you can start with a simple pen and paper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. Get a Head Start</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The best way to hit the ground running is to start the night before.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before leaving your workspace, or before going to bed, take 10 minutes to look over the next day’s commitments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What appointments can’t be missed? What do you need to have with you for those appointments? (Make sure you’ve gathered those materials and have them ready to go.) What three to five tasks must get done?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Decide what you’ll do first. Look at that to-do list and decide whether any tasks on it can be delegated to someone else (see number 9 below) or, even better, crossed off the list altogether (see number 10 below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The busier your day, the more important it is to do this quick survey the day or evening before. It means you waste no time in the morning deciding where to start, or gathering materials (and maybe discovering a crucial item isn’t available when you need it).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Do Your Most Dreaded Task First</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone of us has one or more tasks on our to-do list that we dread doing. Maybe it’s that unpleasant phone call you don’t want to make, or that blog post you’ve been putting off writing because you don’t know how to start, or that project that just overwhelms you because it’s so massive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever it is, it hangs over your head, distracting you with guilt because it keeps getting pushed to the next day and the next. It’s time to end that cycle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do it first thing. Writer Michael Hyatt talks about slaying your dragons before breakfast—there’s nothing more motivating for the rest of your day than crossing that monster off your list first thing in the morning.<sup>[1]</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But many people instead of doing the tough tasks first, they do the easy ones. If you really want to be productive, there’re some tasks you shouldn’t do first in the morning:&nbsp;<a href=\"https://www.lifehack.org/525634/more-productive-never-this-start-your-morning\">To Be More Productive, Never Do This To Start Your Morning</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So make that call. Pull out a piece of paper and brainstorm ideas for that blog post.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do&nbsp;<em>something</em>&nbsp;about that overwhelming task—maybe you can’t finish it in one day, but you can at least get started. Whatever it is, just do it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, let the satisfaction of crossing it off your list carry you into the rest of your busy day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>4. Turn off Distractions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the major productivity killers is the distraction of constant interruptions: emails, phone calls, people appearing at your door…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The technology that can (and should) make our lives easier and better also can make it virtually impossible to maintain the kind of focused attention that’s necessary to work efficiently and effectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But here’s the thing: you can control that technology.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you’ve got an important task that requires attention and focus, create the space to give it your best.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whether it’s a meeting with a client or colleague, or an important letter that needs to get written, or a piece of art you want to create, schedule a block of time to focus on that commitment, and then turn off all distractions. Shut down your phone (or at least turn off the ringer). Silence your email alerts. Disconnect the internet (or at least Facebook and Twitter). Close your office door.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just for that hour (or thirty minutes, or half day), turn off all outside communications and give yourself the necessary luxury of undisturbed time to really focus on the matter at hand. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>5. Take Breaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s a limit to how long anybody can devote deep focus to a task.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>No matter how busy you are, after a certain amount of time, the law of diminishing returns kicks in, and fatigue—physical and/or mental—starts to impair your effectiveness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Schedule breaks periodically even during the busiest days. Take ten minutes to stand up, stretch, get a drink of water, walk around the block.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You’ll return to your work refreshed, both mentally and physically, and ready to be even more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>6. Batch Process</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the demands of your day include routine tasks, try to group similar tasks and schedule certain times during the day to knock them out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Answering emails? Returning phone calls? Entering expenses into a spreadsheet? Instead of interrupting your other tasks to do these things piecemeal, batch them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Set two or three or five times a day to check and respond to emails. Return phone calls at 11:45 am and 4:45 pm (or, if you want to avoid getting sucked into long phone conversations, return them at 12:15 pm while folks are at lunch, and 5:15 pm after they’ve left for the day, and just leave a message!)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By batching similar tasks, you save the time lost to ramping up multiple times a day and reap the benefits of momentum.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>7. Eat a Healthy Breakfast</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do I need to explain this? There are countless studies confirming the importance of breakfast for maintaining our health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Healthy people are more productive. No matter how busy you are, eat a decent breakfast. It’ll fuel you for a terrific start to your day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>8. Get Some Exercise</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not to be too repetitive, but healthy people are more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Exercise makes you healthier, so be sure to get some exercise every day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You don’t need to spend hours at the gym to get the benefit of this; take a walk around the block, or do some isometrics at your desk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just do something to get your heart pumping and your blood racing. It will enhance your general well being as well as your ability to think more clearly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>9. Delegate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I’ll confess: I stink at this. I hate to ask for help, and often it seems more trouble to explain a task to someone else than to just do it myself. But not everything that needs to be done in your life must be done by you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Evaluate that to-do list carefully. What tasks could someone else do, thereby freeing you up to focus on the things only you can do?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Look around you: who is available to do some of those tasks? A secretary? A colleague? A family member? A paid helper?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An important key to productivity is doing only those things that only you can do, and giving somebody else the opportunity to contribute by doing those other tasks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>10. Say No</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>How many commitments have you made that don’t really need to be kept at all?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Have you taken on tasks that don’t actually matter to you or anybody else?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Is your calendar cluttered with meetings that don’t accomplish anything for organizations that you no longer care about?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Has your day been hijacked by somebody else’s priorities?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your calendar is jammed, if your to-do list is miles long, take ten minutes or so to look at each item with a careful eye. Can any of those appointments or tasks simply be crossed off to create some reasonable margin in your life?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When someone calls or appears at your door with a request for your participation in some activity, take a breath and consider whether it fits into your own priorities (which priorities, of course, might legitimately include keeping your boss or spouse happy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the answer is no, then&nbsp;just say no. Practice it ahead of time: “Thank you for inviting me, but no.” “Thank you for asking, but no.” “Thank you for thinking of me, but no.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As a wise person has said, “no” is a complete sentence. No explanation is necessary. Just no.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may want to learn from Leo Babauta <a href=\"https://www.lifehack.org/articles/communication/the-gentle-art-of-saying-no.html\">The Gentle Art of Saying No</a>, so you can set better boundaries for yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.lifehack.org/articles/productivity/top-10-tips-for-productivity.html\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Top 10 Productivity Tips to Achieve More and Create Peace of Mind','','inherit','closed','closed','','1638-revision-v1','','','2021-06-09 00:08:45','2021-06-09 00:08:45','',1638,'http://smartinsurance.tips/?p=1642',0,'revision','',0),(1647,1,'2021-06-09 00:13:20','2021-06-09 00:13:20','<!-- wp:image {\"id\":1650,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-7-1024x536.png\" alt=\"\" class=\"wp-image-1650\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">There are good reasons to own a home in retirement, but there are also plenty of arguments for renting. The latter may be less expensive if it means you don’t have to pay for maintenance and repairs. However, owning can be less stressful if you don’t have to worry about a landlord raising your rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Whichever route you go, housing costs will be one of your major monthly expenses in retirement. Here are some factors to consider when making a rent-versus-buy decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>KEY TAKEAWAYS</strong><br>Housing costs will be part of your retirement budget, whether you rent or own.<br>Fluctuations in market value, unexpected maintenance expenses, and insurance deductibles can increase ownership costs.<br>Though homes can be valuable assets to own, they shouldn’t be purchased primarily for investment.<br>Owning offers stability, tax benefits, and equity, among other perks.<br>Renting provides more flexibility and liquidity, and you’ll spend less money (and time) on maintenance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-6\">Tax Implications</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">In <a href=\"https://www.investopedia.com/articles/personal-finance/083115/renting-vs-owning-home-pros-and-cons.asp\">analyzing homeownership versus renting</a>, one thing to consider is the tax implications. Starting with returns filed in 2019, interest on qualified mortgages of $750,000 or less is deductible for a couple filing jointly. (If you bought your home before Dec. 16, 2017, you can still deduct interest on a $1-million-or-less mortgage under the previous law.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">However, now that property tax deductions, once a tremendous boon to taxpayers (especially in affluent areas), are capped at $10,000, and the standard deduction has been nearly doubled, both thanks to the Tax Cuts and Jobs Act of 2017, the number of people who are likely to take advantage of such savings by itemizing their deductions is considerably reduced.<sup>2</sup>&nbsp;Rental costs are not tax-deductible, so renters have no access to these potential savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-11\">Risks to Consider</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">In theory, buying a house after retirement gets you more for your money than renting. However, homeownership also entails substantial financial risks. Issues such as fluctuations in market value, unexpected maintenance expenses, and insurance deductibles can increase&nbsp;costs over and above those of renting. And whichever option you pick, don’t forget to plan for inflation—rent, taxes, and insurance costs all go up over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">Another major issue is the maintenance risk associated with ownership. Renting is like&nbsp;buying an insurance policy against maintenance; renters have no liability for regular maintenance costs, equipment failures, or catastrophes such as storms or floods. The landlord has to worry about those unexpected costs—as do homeowners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-16\">An Investment Opportunity?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">Though real estate can offer good investment opportunities, a residence shouldn’t be purchased only for that reason. Housing is an unavoidable cost of living, and liquidating an investment asset shouldn’t involve finding another place to live. Retirees shouldn\'t factor in the investment upside of ownership when planning for housing costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To actually use a home as an investment, a homeowner would have to buy low and sell high—buying and selling homes opportunistically. By selling a home to make a profit when prices are high, however, one takes the chance of becoming priced out of the market if prices continue to increase. Those on a fixed budget, as most retirees are, may not be able to purchase another house or apartment and will find themselves dealing with a landlord instead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In some ways renting can be the economic equivalent of shorting a stock. If you believe housing prices are headed lower, you could rent a residence, wait for prices to fall, and buy a home later. Being wrong about the direction of housing prices and ending up paying a higher purchase price is similar to paying a higher price for a stock to cover a short position.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-27\">Cashing out and Liquidity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Other financial benefits of being a tenant include freedom from worrying about housing market conditions and liquidity. Selling a home can take a long time; it also involves lots of paperwork, and most real estate agencies charge a commission, which reduces the return on the investment. Sidestepping these entanglements when it’s time to move can definitely be worth it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some retirees live solely on pension money—Social Security benefits, annuity payouts, or a government or union plan. They don’t always have large sums of liquid cash. Without sufficient assets on the sidelines for unexpected expenses, the regular costs of owning a home could be ruinous.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-32\">Advantages of Owning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">If you’re one of the 56% of homeowners who go into retirement unencumbered by a mortgage, according to an American Financing survey, the question of renting vs. owning may seem less complicated at first. Still, the fact that you have no house payment doesn’t make this a no-brainer. You’ll have to consider property taxes and maintenance costs, and the older your home, the higher those upkeep expenses could be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">Still, it’s easy to find arguments for staying—especially if you live in a house you own now (and have no health-related reason to leave). Here are some other key arguments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-37\">Stability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">If you own your home, you’ll likely enjoy more stability and control. You won’t have to worry about a landlord bumping up the rent. Likewise, a landlord can’t sell the residence out from under you. You still have the option to move, but it will be your decision—not a landlord’s. Also, you can’t remodel a rental, at least not without the owner’s permission.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-40\">Build Equity</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">For some retirees, it’s important to leave an inheritance. Others want to use accumulated home equity to take out a loan, line of credit, or reverse mortgage. These are situations in which ownership makes the most sense. In areas where property values are increasing rapidly, owning allows you to possess an asset that appreciates. And, of course, it also means you can avoid rent increases that are so common in hot real estate markets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-43\">Tax Benefits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">As noted above, though the 2017 tax bill lessened the ability to deduct mortgage interest and property taxes, such benefits still exist. In addition, other deductions, including mortgage points, can also work to lower the amount you owe. You get none of these tax perks if you rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>WARNING:</strong> Mortgage lending discrimination is illegal. If you think you\'ve been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. One such step is to file a report to the Consumer Financial Protection Bureau or with the U.S. Department of Housing and Urban Development (HUD).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-48\">Emotions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">The degree to which you’re emotionally tied to the idea of homeownership—or to the particular home where you currently live—is an important, nonfinancial consideration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Pros</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Equity</li><li>Stability</li><li>Tax deductions</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Cons</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Maintenance costs, time</li><li>Illiquidity</li><li>Property taxes</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-54\">Advantages of Renting</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">Selling your home and moving into a rental has its points. If you currently rent, you know these benefits. But if you’re a homeowner contemplating jumping ship, here are some reasons to consider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-57\">Open Options</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-58\">Renting may make sense if you’re an empty nester, ready to downsize, or unsure of where you’ll spend your retirement years. You may want to move away for better weather or a lower cost of living for some years, but also be easily able to move closer to your family later on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your health—or that of a family member—can also be a factor if you believe you may need to move soon to receive or give care. Many assisted living, continuing care, or independent living communities are rent-only, leaving you with no choice if that’s where you’ll live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you do end up renting, a long-term lease will lessen the uncertainty of rising rents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-64\">Fewer Costs</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-65\">It’s important to compare the cost of renting to owning in the place where you plan to live. According to a 2016 report from Trulia, renting was less expensive in 98 out of 100 cities with a large population of residents 65 and older. Nevertheless, it’s worth noting that in the South owning is typically less expensive than renting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-67\">Less Maintenance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-68\">When you rent, you will likely not have to pay for major-league, structural maintenance. According to millionacres, homeowners spend between 1% and 4% each year on upkeep on average. The older the home, the higher the percentage. One caveat: Read the lease carefully before you sign and make sure your landlord is responsible for all (or nearly all) maintenance and repairs, especially if you’re renting a house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-70\">It’s not just the cost. As you get older, your ability to do any of these jobs yourself will inevitably decline. Maybe you don’t want to live somewhere that finds you regularly standing on ladders to change the light bulbs or shoveling snow from the sidewalk—or the roof. That’s when a super or building handyman can really help.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-72\">Freed-up Capital</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-73\">Renting may free up money that you can invest. That keeps you liquid and can increase your overall income during your retirement years. Investments often grow at a faster rate than real estate appreciates, making them an even better use of your money. Also, ownership puts you at risk in the event of another housing-market crash—something renting does not do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-75\">If you are contemplating selling your home and renting, one other consideration is capital gains tax. The current tax law allows a capital gains exclusion of $250,000 for single tax filers and $500,000 for married, joint filers. In addition, you will get to deduct expenses, such as realtor commissions and many capital improvements you may have done to the home over the years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-77\">For many, the exclusion and expense deductions may be enough to avoid paying any capital gains tax on the sale. For others, who may have lived in the home for years, or own a high-end home, it may not. In addition, many economic experts are predicting significant increases in the capital gains rate due to new policies being discussed by the current White House administration. Before making a move, it is best to consult with a qualified tax expert to weigh your options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-77\">Pros</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Liquidity</li><li>Little maintenance expense, responsibility</li><li>Flexibility in moving</li><li>Fewer costs, taxes</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Cons</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Unpredictable rent increases, eviction</li><li>No equity</li><li>No tax benefits</li><li>Inability to customize home</li><li>Potential capital gains tax</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-82\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-83\">For many people approaching retirement, the decision of whether to keep the family mansion or downsize to a smaller place is a difficult one. If you do decide to move, the stress and expense that can come with homeownership come into play. Whether to own or rent a home in retirement involves several considerations, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-85\"><li>What are the tax perks of renting vs. owning?</li><li>Is the home a potential investment opportunity or just another expense?</li><li>Which risks come with homeownership, in terms of unexpected costs, and can your budget withstand them?</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.investopedia.com/articles/retirement/07/buy-rent.asp\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Retirement Living: Renting vs. Homeownership','','publish','open','open','','retirement-living-renting-vs-homeownership','','','2021-06-09 00:20:20','2021-06-09 00:20:20','',0,'http://smartinsurance.tips/?p=1647',0,'post','',0),(1648,1,'2021-06-09 00:13:20','2021-06-09 00:13:20','<!-- wp:divi/placeholder /-->','Retirement Living: Renting vs. Homeownership','','inherit','closed','closed','','1647-revision-v1','','','2021-06-09 00:13:20','2021-06-09 00:13:20','',1647,'http://smartinsurance.tips/?p=1648',0,'revision','',0),(1650,1,'2021-06-09 00:15:31','2021-06-09 00:15:31','','My-Post-7','','inherit','open','closed','','my-post-7-2','','','2021-06-09 00:15:31','2021-06-09 00:15:31','',1647,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-7.png',0,'attachment','image/png',0),(1652,1,'2021-06-09 00:22:17','2021-06-09 00:22:17','<!-- wp:image {\"id\":1654,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-8-1024x536.png\" alt=\"\" class=\"wp-image-1654\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: Under $100</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Spend an Hour With a Pro</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Invite a realtor or interior designer over to check out your home. Many realtors will do this as a courtesy, but you will probably have to pay a consultation fee to a designer. Check with several designers in your area; a standard hourly fee is normally less than $100, and in an hour they can give you lots of ideas for needed improvements. Even small suggested improvements, such as paint colors or furniture placement, can go a long way toward improving the look and feel of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Inspect It</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Not every home improvement is cosmetic. Deteriorating roofs, termite infestation or outdated electrical systems — you can\'t fix it if you don\'t know it\'s broken. Hire an inspector to check out the areas of your home that you don\'t normally see. They may discover hidden problems that could negatively impact your home\'s value. Small problems (such as a hidden water leak) can become big, expensive problems quickly; the longer you put off repairs, the more expensive those repairs will be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Paint, Paint, Paint</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated — and that spells value. When selecting paint colors, keep in mind that neutrals appeal to the greatest number of people, therefore making your home more desirable. On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, painter\'s tape, drop cloths and brushes. So buy a few gallons and get busy!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Find Inspiration</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An alternative to hiring a designer is to search for remodeling and decorating inspiration in design-oriented magazines, books, TV shows and websites. Simply tear out or print off the ideas you want to try and start your to-do list. Keep it simple — when remodeling on a tight budget, do-it-yourself projects are best.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Cut Energy Costs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The amount of money you spend each month on energy costs may seem like a fixed amount, but many local utility companies provide free energy audits of their customers\' homes. They can show you how to maximize the energy efficiency of your home. An energy-efficient home will save you money now, which can be applied to other updates, and is a more valuable and marketable asset in the long run.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $100- $200</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Plant a Tree</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you aren\'t planning to sell your house today, plan for the future with a landscaping improvement that will mature over time. Plant shade trees — not only will mature trees make your home more desirable, but a fully grown, properly placed tree can cut your cooling costs by as much as 40 percent. Mature landscaping is also good for the environment, providing a necessary habitat for wildlife while adding valuable curb appeal to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Low-Maintenance Landscaping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>No question that shrubs and colorful plants will add curb appeal to any home, but when shopping at your local garden center, make sure that you \"think green.\" Purchase plants that are native to your region or plants that are drought-tolerant; these require less water and maintenance, which means more savings to you and more green in your wallet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Money-Saving Luxury</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Speaking of water, here\'s another way to tap into extra savings; install a water filtration system in your kitchen. Not only do these systems purify your water, they will also lower your grocery bills — no more bottled water. A water filtration system is an inexpensive addition, but it\'s the sort of small luxury that homebuyers love.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Improve the Air Quality Inside Your Home</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Air quality isn\'t just about the conditions outdoors. If you have older carpets in your home, they might be hiding contaminants and allergens. The first step to determine if these need replacing is to hire a professional company to test your indoor air quality. If the results prove that your carpets should be replaced, choose environmentally friendly natural products like tile or laminate floors. Hard-surface floors are much easier to keep clean, don\'t hold odors, give your home an updated look and, in general, are more appealing to buyers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Save the Popcorn for the Movies</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, what\'s on your ceiling? Few structural elements date a house more than popcorn ceilings. So dedicate a weekend to ditching the dated look and adding dollar signs to the value of your home. NOTE: some older ceilings could contain asbestos so before undertaking this project, have yours tested by professionals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you\'re in the clear, this is a project you can tackle yourself. First, visit your local hardware store for a solution to soften the texture, then simply scrape the popcorn away. Removing a popcorn ceiling may not seem like a big change but one of the keys for adding value to your home is to repair, replace or remove anything that could turn buyers away.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $200-$400</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Clean up the Lawn</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Overgrown or patchy lawns and outsized bushes will cause your home to stand out — in a bad way. The good news is that taming your jungle is an easy fix. For a few hundred dollars, hire a lawn service company to trim your lawn and shape your hedges. Your curb appeal will go from messy to maintained without blowing your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Cleanliness Counts</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The old adage that you only get one shot at a first impression is true. So, make the interior of you home shine from the moment someone walks through the door. For less than $400, hire a cleaning service for a thorough top-to-bottom scrubbing. Even if you clean your home regularly, there are nooks and crannies that you may miss or overlook. Let a cleaning service do the dirty work to really make your home sparkle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Visually Increase Your Home\'s Square Footage</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The size of your home dramatically affects the value, but square footage isn\'t the only space that counts. Visual space or how large a home feels also counts. The key is to make each room in your house feel larger. Replace heavy closed draperies with vertical blinds or shutters to let light in — a sunny room feels larger and more open. Also, try adding a single large mirror to a room to visually double the space. Finally, clear the clutter. The more clutter, furniture and plain old stuff you have in a room, the more cramped it will feel. For less than $400, add an attractive shelving unit to an underused space and store your clutter out of sight.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Small Bathroom Updates Equal a Big Return</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Bathroom updates are always a smart move. Even if you can\'t afford a full remodel, small changes such as replacing dated wallpaper with a faux or textured finish and replacing old lighting will update the room without denting your wallet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Add New Energy-Efficient Fixtures</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A functional, decorative ceiling fan is a beautiful thing. It provides necessary light and, in warm months, creates a soft breeze reducing the need for expensive air conditioning. But, an outdated, wobbly, loud or broken ceiling fan is a useless eyesore. Replace old fixtures with new ones to make your home more enjoyable for you now and to increase the bottom line should you decide to sell.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $400-$750</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Big Return on Bathroom Updates</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A great room to update for less than $750 is the bathroom. The two rooms that benefit most from even small renovations are the kitchen and bathroom. One cost-effective change — like replacing an outdated vanity, old plumbing and lighting fixtures or adding a new tile floor — will guarantee a lot of bang for your buck and give your bath an updated, modern look.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Any Kitchen Update Equals Added Value</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The same rule applies in the kitchen. You don\'t have to start from scratch to create a winning recipe. For maximizing your home\'s value, kitchen updates are key. Start by swapping out just one item, such as a stained sink or ancient microwave, for shiny new stainless models. Even small kitchen updates will add big value to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Replace Worn Carpets or Rugs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Take a look at your home\'s soft flooring. Are your carpets and area rugs stained or worn? Nothing turns buyers off more than the thought that they will immediately need to replace all of the flooring in a home. Ideally, you may want to replace them all, but if a limited budget puts a snag in that plan, start by replacing the carpet in the room that shows the most wear and tear and replace the others as your finances allow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Keep Up With Regular Maintenance and Repairs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Walk around your home and make a list of all the little things that are broken or in need of repair. Individually, small repairs might not seem important, but if every room has just one thing wrong, those small things will add up to create the impression that your home has been neglected. If you don\'t feel comfortable tackling the repairs yourself, hire a handyman for a day and watch your \"to do\" list disappear. Staying on top of maintenance today eliminates problems down the road should you decide to sell.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Get Help With Getting Organized</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Hire a professional organizer for a day. They will show you how to organize various rooms in your home and teach you tricks for keeping it organized. How does this increase your home\'s value? Simple — a clutter-free home appears cleaner and larger, which is more attractive to homebuyers and therefore more valuable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.hgtv.com/design/remodel/interior-remodel/30-tips-for-increasing-your-homes-value\"> click here</a>.</p>\n<!-- /wp:paragraph -->','30 Tips for Increasing Your Home\'s Value','','publish','open','open','','30-tips-for-increasing-your-homes-value','','','2021-06-09 00:28:34','2021-06-09 00:28:34','',0,'http://smartinsurance.tips/?p=1652',0,'post','',0),(1653,1,'2021-06-09 00:22:17','2021-06-09 00:22:17','<!-- wp:divi/placeholder /-->','30 Tips for Increasing Your Home\'s Value','','inherit','closed','closed','','1652-revision-v1','','','2021-06-09 00:22:17','2021-06-09 00:22:17','',1652,'http://smartinsurance.tips/?p=1653',0,'revision','',0),(1654,1,'2021-06-09 00:22:46','2021-06-09 00:22:46','','My-Post-8','','inherit','open','closed','','my-post-8-2','','','2021-06-09 00:22:46','2021-06-09 00:22:46','',1652,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-8.png',0,'attachment','image/png',0),(1660,1,'2021-06-09 23:50:00','2021-06-09 23:50:00','','My-Post-9','','inherit','open','closed','','my-post-9-3','','','2021-06-09 23:50:00','2021-06-09 23:50:00','',0,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-9.png',0,'attachment','image/png',0),(1661,1,'2021-06-09 23:53:41','2021-06-09 23:53:41','<!-- wp:image {\"id\":1665,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-10-1024x536.png\" alt=\"\" class=\"wp-image-1665\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Big moment: You’re finally ready to spruce up your house and get it ready to sell. (After all, it’s a seller’s market right now.) But which home improvements are most likely to boost your list price—and what are the not-worth-it renovations that are only going to set you back? We chatted with Rachel Stults, lifestyle expert at Realtor.com to get her take.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: A Fire Pit</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There’s huge demand right now for upgrades that maximize your yard, such as outdoor kitchens, outdoor living rooms, even features as simple to add as a fire pit. “The more you can do to make your backyard feel like an extension of your home, the more attractive your home will be to buyers—and the more money you can fetch,” says Stults.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: Landscaping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Curb appeal isn’t just about your home’s exterior paint color. Landscaping—say, a pristine-looking lawn or making the effort to plant shrubs in vibrant colors that pop—actually counts for a lot, says Stults.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: A Home Office</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Thanks to COVID-19 and the increasing option to work from home, this space is more important than ever before, Stults explains. Buyers are eager to see a dedicated home office in the listing, and sellers are quick to highlight them. If you don’t have this space already carved out on your property, it pays to do what you can to stage one, says Stults. “Don’t be afraid to get creative. You can make a home office in a nook under the stairs, in an unused part of the dining room, or even in a closet,” she explains. “In fact, there’ a big surge on Pinterest right now for inspiration around designing a ‘cloffice’—a portmanteau of the word ‘office’ and ‘closet.’”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/car-insurance/umbrella-insurance/\">click </a><a href=\"https://www.purewow.com/home/home-improvements-that-boost-resale-value?fbclid=IwAR3icpSUJSHI18YUezWCrGkWuwUc0kwWBPRI0yeN-9iksT7V4oHDZUGwfKY\" data-type=\"URL\">here</a>.</p>\n<!-- /wp:paragraph -->','6 Improvements That Will Get You Top Dollar on Your Home','','publish','open','open','','6-improvements-that-will-get-you-top-dollar-on-your-home','','','2021-06-09 23:57:13','2021-06-09 23:57:13','',0,'http://smartinsurance.tips/?p=1661',0,'post','',0),(1662,1,'2021-06-09 23:53:41','2021-06-09 23:53:41','<!-- wp:divi/placeholder /-->','6 Improvements That Will Get You Top Dollar on Your Home','','inherit','closed','closed','','1661-revision-v1','','','2021-06-09 23:53:41','2021-06-09 23:53:41','',1661,'http://smartinsurance.tips/?p=1662',0,'revision','',0),(1664,1,'2021-06-09 23:54:30','2021-06-09 23:54:30','','My-Post-9-1','','inherit','open','closed','','my-post-9-1','','','2021-06-09 23:54:30','2021-06-09 23:54:30','',1661,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-9-1.png',0,'attachment','image/png',0),(1669,1,'2021-06-10 00:11:14','2021-06-10 00:11:14','','My-Post-11','','inherit','open','closed','','my-post-11','','','2021-06-10 00:11:14','2021-06-10 00:11:14','',1667,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-11.png',0,'attachment','image/png',0),(1665,1,'2021-06-09 23:56:11','2021-06-09 23:56:11','','My-Post-10','','inherit','open','closed','','my-post-10-3','','','2021-06-09 23:56:11','2021-06-09 23:56:11','',1661,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-10.png',0,'attachment','image/png',0),(1667,1,'2021-06-10 00:10:59','2021-06-10 00:10:59','<!-- wp:gallery {\"ids\":[1669],\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery columns-1 is-cropped\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-11-1024x536.png\" alt=\"\" data-id=\"1669\" data-full-url=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-11.png\" data-link=\"http://smartinsurance.tips/25-fun-free-things-to-do-in-san-diego/my-post-11/\" class=\"wp-image-1669\"/></figure></li></ul></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2>On a budget, no problem!</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having fun in San Diego doesn\'t require a lot of money; in fact, many things to see and do are absolutely free. With 70 miles of beautiful beaches, near-perfect weather year-round, and a variety of magnificent settings countywide, San Diego offers a fun and inexpensive getaway, for kids and adults, any time of year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Browse through this list to help you plan the perfect San Diego itinerary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>Head to San Diego\'s many <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays.aspx\">beaches</a></strong> which are consistently ranked top in the nation. The beaches are all free to the public, to swim, body surf or hang-ten. Build a sandcastle, relax with a good book, or just bask in the sun – you won’t be disappointed.</li><li>Visit <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/la-jolla.aspx\">La Jolla Cove</a></strong> and see the magnificent sunset on the ocean. La Jolla Cove is one of the most spectacular natural settings in the world and delivers a spectacular sunset display at the end of each day.</li><li>Stroll along San Diego\'s <a href=\"https://www.sandiego.org/articles/downtown/the-embarcadero-in-san-diego-ca.aspx\"><strong>Embarcadero</strong></a> for hours of free entertainment, shopping, and more. Enjoy a laid-back day of hanging out in the grass and watching the many passing yachts and ships on picturesque <strong><a href=\"https://www.sandiego.org/members/associations-organizations/port-of-san-diego.aspx\">San Diego Bay</a></strong>, or take in the sights from one of the many bay-view eateries.</li><li>Stroll through the 16½-block historic <strong><a href=\"https://www.sandiego.org/system/page-not-found?item=web%3a%7b52C3F8F4-4EBE-4ABC-BEC8-9906817B1119%7d%40en\">Gaslamp Quarter</a></strong> in downtown San Diego and view the renovated turn-of-the-century Victorian architecture, home to boutiques, art galleries, specialty shops and more.</li><li>Fly a kite along the grassy field in the Tecolote Shores of <strong><a href=\"https://www.sandiego.org/explore/coastal/mission-bay-beaches.aspx\">Mission Bay Park</a></strong>, a 4,600-acre aquatic park. Here, away from trees and overhead wires, friends and family gather to launch colorful kites into the bay breezes.</li><li>Enjoy free organ concerts at 2:00 pm on Sundays at the <strong><a href=\"https://www.sandiego.org/members/music/spreckels-organ-society.aspx\">Spreckels Organ Pavilion</a></strong> in Balboa Park. The Organ Pavilion features one of world\'s largest outdoor pipe organs, a San Diego landmark since 1914, where organists play traditional favorites, waltzes and show tunes on enormous 32-foot pipes.</li><li>Visit <strong><a href=\"https://www.sandiego.org/explore/inland-valley-mountain-desert/mission-valley-old-town.aspx\">Old Town</a></strong> and witness the living legacy of San Diego history. Guests are also invited to wander free through Old Town\'s historic buildings, including the blacksmith shop, Seeley Stables, Stewart House, Estudillo House and the oldest schoolhouse in San Diego.</li><li>Bike or jog along <strong><a href=\"https://www.sandiego.org/explore/coastal/mission-bay-beaches.aspx\">Mission Bay Park\'s</a></strong> many trails. Joggers and walkers share more than 20 miles of scenic running paths that wind through sunlight and shade near the shoreline and feature workout courses at planned stations along the route. Or, rollerblade, skateboard or bicycle along the <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/mission-beach.aspx\">Mission Beach Boardwalk</a></strong>, a scenic 3-mile boardwalk along picturesque Mission and Pacific Beaches</li><li>Visit the <strong><a href=\"https://www.sandiego.org/members/tours-sightseeing/chula-vista-elite-athlete-training-center.aspx\">Chula Vista Elite Athlete Training Center</a></strong> (formerly the U.S. Olympic Training Center) in San Diego\'s South Bay for a free tour of the 150-acre facility, including training fields and tracks, athlete dorms and the Otay Lake Reservoir. Self-guided tours are available daily between 9:00 AM to 5:00 PM.</li><li>Take a scenic, one-hour drive to <strong>Mt. Laguna</strong>. Once there, hop out for an invigorating hike and enjoy the fresh mountain air whispering through the pines.</li><li>Step back in time with a stop in <strong><a href=\"https://www.sandiego.org/articles/east-county/julian.aspx\">Julian</a></strong>, a century-old gold mining town in the Cuyamaca Mountains. Pick up a free map at the Chamber of Commerce for a self-guided walking tour of the area\'s historic sites and later enjoy a slice of homemade apple pie - a Julian specialty!</li><li>Grab your picnic basket and head to <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/torrey-pines.aspx\">Torrey Pines State Beach</a></strong> where you can watch talented and daring hang gliders do tricks in the strong winds that sweep along the coastline cliffs.</li><li>Explore the <strong><a href=\"https://www.sandiego.org/explore/things-to-do/road-trips/san-diegos-59-mile-scenic-drive.aspx\">59-Mile Scenic Drive</a></strong> which winds you through charming neighborhoods and along the beautiful coastline to reveal attractions and natural wonders unique to San Diego.</li><li>Visit <strong><a href=\"https://www.sandiego.org/members/parks-gardens/mission-trails-regional-park.aspx\">Mission Trails Regional Park</a></strong> to explore the cultural, historical and recreational aspects of San Diego. Stop at the Visitor\'s Center and learn about the wonders of nature and the people who once lived on the land. Or, roam through the park\'s 40 miles of natural and developed hiking and biking trails.</li><li>Go scuba diving or snorkeling off San Diego\'s shores and see spectacular creatures of the sea. <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/la-jolla.aspx\">La Jolla Cove</a></strong> offers some of the clearest waters on the California coast, as well as miles of protected underwater preserves to explore.</li><li>Go <strong><a href=\"https://www.sandiego.org/explore/things-to-do/tours-sightseeing/bird-watching.aspx\">bird watching</a></strong> at one of the many wetland reserves including Tijuana Estuary, Sweetwater Marsh National Wildlife Refuge or the Famosa Slough in Point Loma to name a few. San Diego has more than 500 species of birds that either stop along the migration path in fall and spring, or call San Diego home year-round more than any other place in the continental United States.</li><li>The county has seasonal migrations in the fall and spring, plus over 400 species of birds call San Diego home year-round. Basically, San Diego offers great free birding.</li><li>Go hiking at <strong><a href=\"https://www.sandiego.org/articles/parks-gardens/torrey-pines-state-natural-reserve-park.aspx\">Torrey Pines State Reserve</a></strong>. Located high above Torrey Pines State Beach, cliffside hiking trails offer stunning views of the Pacific Ocean. The area is also home of the rare and ancient Torrey Pine as well as a beautiful protected habitat for swifts, thrashers, woodpeckers and wrentits. With cliffside hiking trails that feature stunning views of the Pacific Ocean.</li><li>Stroll through <strong><a href=\"https://www.sandiego.org/members/visitor-information-centers/balboa-park.aspx\">Balboa Park</a></strong> and marvel at its beautiful Spanish Colonial Revival architecture. While there, take advantage of the park\'s variety of offerings, including 17 museums (select museums free on Tuesdays for San Diego residents), free daily park tours, public organ concerts (Sundays), and spectacular gardens (seven are free daily). Stargaze outside the <strong><a href=\"https://www.sandiego.org/members/museums/fleet-science-center.aspx\">Fleet Science Center in Balboa Park</a></strong> on the first Wednesday of every month. The San Diego Astronomy Association sets up huge telescopes to offer guests a great view of all the stars in the night sky.</li><li>View 31 historical aircraft up close for free at the <a href=\"https://www.sandiego.org/system/page-not-found?item=web%3a%7bB2BA4FDD-E42E-4009-BB04-DF286E07BC15%7d%40en\"><strong>Flying Leatherneck Aviation Museum</strong></a> when it is open from Tuesdays-Sundays, 9:00 am to 3:30 pm. All programs including Open Cockpit Days and Pilot Talks are also offered without charge.</li><li>Gather family, friends and firewood for a cozy <strong>beach bonfire</strong> at one of the beaches in San Diego County, including <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/coronado.aspx\">Coronado Beach</a></strong>, <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/la-jolla.aspx\">La Jolla Shores</a></strong>, <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/ocean-beach.aspx\">Ocean Beach</a></strong> and <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/mission-beach.aspx\">Mission Beach</a></strong>.</li><li>Check out the 80+ murals of <strong><a href=\"https://www.sandiego.org/articles/parks-gardens/chicano-park.aspx\">Chicano Park</a></strong>, a National Landmark and home to the largest collection of outdoor Chicano murals.</li><li>Drive to the top of <strong><a href=\"https://www.sandiego.org/members/history-and-heritage/mt-soledad-national-veterans-memorial.aspx\">Mt. Soledad</a></strong> in La Jolla for breathtaking, 360-degree views of San Diego, including the gently curving La Jolla coastline and Mission Bay. Spectacular views of San Diego\'s East County communities also await guests at the top of <strong>Mt. Helix</strong>.</li><li>Visit the <strong><a href=\"https://www.sandiego.org/members/parks-gardens/anzaborrego-desert-state-park.aspx\">Anza-Borrego Desert State Park</a></strong> and experience the natural beauty of the desert. The 600,000-acre park is one of the largest state parks in the United States and following the winter rains each spring, explodes into a rainbow of colorful wildflower blossoms.</li><li>Take a scenic walk along <strong><a href=\"https://www.sandiego.org/members/associations-organizations/port-of-san-diego.aspx\">The Wonderfront</a></strong>, San Diego\'s \"largest attraction.\" With 27 miles of waterfront featuring bayside parks, marinas, hundreds of shops and restaurants, and miles of promenades and bikeways, the Big Bay appeals to all ages and interests.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.sandiego.org/articles/25-fun-free-things-to-do-in-san-diego.aspx\">click here</a>.</p>\n<!-- /wp:paragraph -->','25 Fun & Free Things to Do in San Diego','','publish','closed','closed','','25-fun-free-things-to-do-in-san-diego','','','2021-06-10 00:18:37','2021-06-10 00:18:37','',0,'http://smartinsurance.tips/?page_id=1667',0,'page','',0),(1668,1,'2021-06-10 00:10:59','2021-06-10 00:10:59','<!-- wp:divi/placeholder /-->','25 Fun & Free Things to Do in San Diego','','inherit','closed','closed','','1667-revision-v1','','','2021-06-10 00:10:59','2021-06-10 00:10:59','',1667,'http://smartinsurance.tips/?p=1668',0,'revision','',0),(1666,1,'2021-06-09 23:57:11','2021-06-09 23:57:11','<!-- wp:image {\"id\":1665,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-10-1024x536.png\" alt=\"\" class=\"wp-image-1665\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Big moment: You’re finally ready to spruce up your house and get it ready to sell. (After all, it’s a seller’s market right now.) But which home improvements are most likely to boost your list price—and what are the not-worth-it renovations that are only going to set you back? We chatted with Rachel Stults, lifestyle expert at Realtor.com to get her take.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: A Fire Pit</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There’s huge demand right now for upgrades that maximize your yard, such as outdoor kitchens, outdoor living rooms, even features as simple to add as a fire pit. “The more you can do to make your backyard feel like an extension of your home, the more attractive your home will be to buyers—and the more money you can fetch,” says Stults.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: Landscaping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Curb appeal isn’t just about your home’s exterior paint color. Landscaping—say, a pristine-looking lawn or making the effort to plant shrubs in vibrant colors that pop—actually counts for a lot, says Stults.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: A Home Office</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Thanks to COVID-19 and the increasing option to work from home, this space is more important than ever before, Stults explains. Buyers are eager to see a dedicated home office in the listing, and sellers are quick to highlight them. If you don’t have this space already carved out on your property, it pays to do what you can to stage one, says Stults. “Don’t be afraid to get creative. You can make a home office in a nook under the stairs, in an unused part of the dining room, or even in a closet,” she explains. “In fact, there’ a big surge on Pinterest right now for inspiration around designing a ‘cloffice’—a portmanteau of the word ‘office’ and ‘closet.’”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/car-insurance/umbrella-insurance/\">click </a><a href=\"https://www.purewow.com/home/home-improvements-that-boost-resale-value?fbclid=IwAR3icpSUJSHI18YUezWCrGkWuwUc0kwWBPRI0yeN-9iksT7V4oHDZUGwfKY\" data-type=\"URL\">here</a>.</p>\n<!-- /wp:paragraph -->','6 Improvements That Will Get You Top Dollar on Your Home','','inherit','closed','closed','','1661-revision-v1','','','2021-06-09 23:57:11','2021-06-09 23:57:11','',1661,'http://smartinsurance.tips/?p=1666',0,'revision','',0),(1651,1,'2021-06-09 00:20:06','2021-06-09 00:20:06','<!-- wp:image {\"id\":1650,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-7-1024x536.png\" alt=\"\" class=\"wp-image-1650\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">There are good reasons to own a home in retirement, but there are also plenty of arguments for renting. The latter may be less expensive if it means you don’t have to pay for maintenance and repairs. However, owning can be less stressful if you don’t have to worry about a landlord raising your rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Whichever route you go, housing costs will be one of your major monthly expenses in retirement. Here are some factors to consider when making a rent-versus-buy decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>KEY TAKEAWAYS</strong><br>Housing costs will be part of your retirement budget, whether you rent or own.<br>Fluctuations in market value, unexpected maintenance expenses, and insurance deductibles can increase ownership costs.<br>Though homes can be valuable assets to own, they shouldn’t be purchased primarily for investment.<br>Owning offers stability, tax benefits, and equity, among other perks.<br>Renting provides more flexibility and liquidity, and you’ll spend less money (and time) on maintenance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-6\">Tax Implications</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">In <a href=\"https://www.investopedia.com/articles/personal-finance/083115/renting-vs-owning-home-pros-and-cons.asp\">analyzing homeownership versus renting</a>, one thing to consider is the tax implications. Starting with returns filed in 2019, interest on qualified mortgages of $750,000 or less is deductible for a couple filing jointly. (If you bought your home before Dec. 16, 2017, you can still deduct interest on a $1-million-or-less mortgage under the previous law.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">However, now that property tax deductions, once a tremendous boon to taxpayers (especially in affluent areas), are capped at $10,000, and the standard deduction has been nearly doubled, both thanks to the Tax Cuts and Jobs Act of 2017, the number of people who are likely to take advantage of such savings by itemizing their deductions is considerably reduced.<sup>2</sup>&nbsp;Rental costs are not tax-deductible, so renters have no access to these potential savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-11\">Risks to Consider</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">In theory, buying a house after retirement gets you more for your money than renting. However, homeownership also entails substantial financial risks. Issues such as fluctuations in market value, unexpected maintenance expenses, and insurance deductibles can increase&nbsp;costs over and above those of renting. And whichever option you pick, don’t forget to plan for inflation—rent, taxes, and insurance costs all go up over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">Another major issue is the maintenance risk associated with ownership. Renting is like&nbsp;buying an insurance policy against maintenance; renters have no liability for regular maintenance costs, equipment failures, or catastrophes such as storms or floods. The landlord has to worry about those unexpected costs—as do homeowners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-16\">An Investment Opportunity?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">Though real estate can offer good investment opportunities, a residence shouldn’t be purchased only for that reason. Housing is an unavoidable cost of living, and liquidating an investment asset shouldn’t involve finding another place to live. Retirees shouldn\'t factor in the investment upside of ownership when planning for housing costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To actually use a home as an investment, a homeowner would have to buy low and sell high—buying and selling homes opportunistically. By selling a home to make a profit when prices are high, however, one takes the chance of becoming priced out of the market if prices continue to increase. Those on a fixed budget, as most retirees are, may not be able to purchase another house or apartment and will find themselves dealing with a landlord instead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In some ways renting can be the economic equivalent of shorting a stock. If you believe housing prices are headed lower, you could rent a residence, wait for prices to fall, and buy a home later. Being wrong about the direction of housing prices and ending up paying a higher purchase price is similar to paying a higher price for a stock to cover a short position.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-27\">Cashing out and Liquidity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Other financial benefits of being a tenant include freedom from worrying about housing market conditions and liquidity. Selling a home can take a long time; it also involves lots of paperwork, and most real estate agencies charge a commission, which reduces the return on the investment. Sidestepping these entanglements when it’s time to move can definitely be worth it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some retirees live solely on pension money—Social Security benefits, annuity payouts, or a government or union plan. They don’t always have large sums of liquid cash. Without sufficient assets on the sidelines for unexpected expenses, the regular costs of owning a home could be ruinous.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-32\">Advantages of Owning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">If you’re one of the 56% of homeowners who go into retirement unencumbered by a mortgage, according to an American Financing survey, the question of renting vs. owning may seem less complicated at first. Still, the fact that you have no house payment doesn’t make this a no-brainer. You’ll have to consider property taxes and maintenance costs, and the older your home, the higher those upkeep expenses could be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">Still, it’s easy to find arguments for staying—especially if you live in a house you own now (and have no health-related reason to leave). Here are some other key arguments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-37\">Stability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">If you own your home, you’ll likely enjoy more stability and control. You won’t have to worry about a landlord bumping up the rent. Likewise, a landlord can’t sell the residence out from under you. You still have the option to move, but it will be your decision—not a landlord’s. Also, you can’t remodel a rental, at least not without the owner’s permission.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-40\">Build Equity</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">For some retirees, it’s important to leave an inheritance. Others want to use accumulated home equity to take out a loan, line of credit, or reverse mortgage. These are situations in which ownership makes the most sense. In areas where property values are increasing rapidly, owning allows you to possess an asset that appreciates. And, of course, it also means you can avoid rent increases that are so common in hot real estate markets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-43\">Tax Benefits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">As noted above, though the 2017 tax bill lessened the ability to deduct mortgage interest and property taxes, such benefits still exist. In addition, other deductions, including mortgage points, can also work to lower the amount you owe. You get none of these tax perks if you rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>WARNING:</strong> Mortgage lending discrimination is illegal. If you think you\'ve been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. One such step is to file a report to the Consumer Financial Protection Bureau or with the U.S. Department of Housing and Urban Development (HUD).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-48\">Emotions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">The degree to which you’re emotionally tied to the idea of homeownership—or to the particular home where you currently live—is an important, nonfinancial consideration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Pros</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Equity</li><li>Stability</li><li>Tax deductions</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Cons</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Maintenance costs, time</li><li>Illiquidity</li><li>Property taxes</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-54\">Advantages of Renting</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">Selling your home and moving into a rental has its points. If you currently rent, you know these benefits. But if you’re a homeowner contemplating jumping ship, here are some reasons to consider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-57\">Open Options</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-58\">Renting may make sense if you’re an empty nester, ready to downsize, or unsure of where you’ll spend your retirement years. You may want to move away for better weather or a lower cost of living for some years, but also be easily able to move closer to your family later on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your health—or that of a family member—can also be a factor if you believe you may need to move soon to receive or give care. Many assisted living, continuing care, or independent living communities are rent-only, leaving you with no choice if that’s where you’ll live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you do end up renting, a long-term lease will lessen the uncertainty of rising rents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-64\">Fewer Costs</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-65\">It’s important to compare the cost of renting to owning in the place where you plan to live. According to a 2016 report from Trulia, renting was less expensive in 98 out of 100 cities with a large population of residents 65 and older. Nevertheless, it’s worth noting that in the South owning is typically less expensive than renting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-67\">Less Maintenance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-68\">When you rent, you will likely not have to pay for major-league, structural maintenance. According to millionacres, homeowners spend between 1% and 4% each year on upkeep on average. The older the home, the higher the percentage. One caveat: Read the lease carefully before you sign and make sure your landlord is responsible for all (or nearly all) maintenance and repairs, especially if you’re renting a house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-70\">It’s not just the cost. As you get older, your ability to do any of these jobs yourself will inevitably decline. Maybe you don’t want to live somewhere that finds you regularly standing on ladders to change the light bulbs or shoveling snow from the sidewalk—or the roof. That’s when a super or building handyman can really help.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-72\">Freed-up Capital</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-73\">Renting may free up money that you can invest. That keeps you liquid and can increase your overall income during your retirement years. Investments often grow at a faster rate than real estate appreciates, making them an even better use of your money. Also, ownership puts you at risk in the event of another housing-market crash—something renting does not do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-75\">If you are contemplating selling your home and renting, one other consideration is capital gains tax. The current tax law allows a capital gains exclusion of $250,000 for single tax filers and $500,000 for married, joint filers. In addition, you will get to deduct expenses, such as realtor commissions and many capital improvements you may have done to the home over the years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-77\">For many, the exclusion and expense deductions may be enough to avoid paying any capital gains tax on the sale. For others, who may have lived in the home for years, or own a high-end home, it may not. In addition, many economic experts are predicting significant increases in the capital gains rate due to new policies being discussed by the current White House administration. Before making a move, it is best to consult with a qualified tax expert to weigh your options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-77\">Pros</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Liquidity</li><li>Little maintenance expense, responsibility</li><li>Flexibility in moving</li><li>Fewer costs, taxes</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Cons</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Unpredictable rent increases, eviction</li><li>No equity</li><li>No tax benefits</li><li>Inability to customize home</li><li>Potential capital gains tax</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-82\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-83\">For many people approaching retirement, the decision of whether to keep the family mansion or downsize to a smaller place is a difficult one. If you do decide to move, the stress and expense that can come with homeownership come into play. Whether to own or rent a home in retirement involves several considerations, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-85\"><li>What are the tax perks of renting vs. owning?</li><li>Is the home a potential investment opportunity or just another expense?</li><li>Which risks come with homeownership, in terms of unexpected costs, and can your budget withstand them?</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.investopedia.com/articles/retirement/07/buy-rent.asp\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Retirement Living: Renting vs. Homeownership','','inherit','closed','closed','','1647-revision-v1','','','2021-06-09 00:20:06','2021-06-09 00:20:06','',1647,'http://smartinsurance.tips/?p=1651',0,'revision','',0),(1656,1,'2021-06-09 00:28:33','2021-06-09 00:28:33','<!-- wp:image {\"id\":1654,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-8-1024x536.png\" alt=\"\" class=\"wp-image-1654\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: Under $100</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Spend an Hour With a Pro</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Invite a realtor or interior designer over to check out your home. Many realtors will do this as a courtesy, but you will probably have to pay a consultation fee to a designer. Check with several designers in your area; a standard hourly fee is normally less than $100, and in an hour they can give you lots of ideas for needed improvements. Even small suggested improvements, such as paint colors or furniture placement, can go a long way toward improving the look and feel of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Inspect It</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Not every home improvement is cosmetic. Deteriorating roofs, termite infestation or outdated electrical systems — you can\'t fix it if you don\'t know it\'s broken. Hire an inspector to check out the areas of your home that you don\'t normally see. They may discover hidden problems that could negatively impact your home\'s value. Small problems (such as a hidden water leak) can become big, expensive problems quickly; the longer you put off repairs, the more expensive those repairs will be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Paint, Paint, Paint</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated — and that spells value. When selecting paint colors, keep in mind that neutrals appeal to the greatest number of people, therefore making your home more desirable. On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, painter\'s tape, drop cloths and brushes. So buy a few gallons and get busy!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Find Inspiration</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An alternative to hiring a designer is to search for remodeling and decorating inspiration in design-oriented magazines, books, TV shows and websites. Simply tear out or print off the ideas you want to try and start your to-do list. Keep it simple — when remodeling on a tight budget, do-it-yourself projects are best.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Cut Energy Costs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The amount of money you spend each month on energy costs may seem like a fixed amount, but many local utility companies provide free energy audits of their customers\' homes. They can show you how to maximize the energy efficiency of your home. An energy-efficient home will save you money now, which can be applied to other updates, and is a more valuable and marketable asset in the long run.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $100- $200</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Plant a Tree</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you aren\'t planning to sell your house today, plan for the future with a landscaping improvement that will mature over time. Plant shade trees — not only will mature trees make your home more desirable, but a fully grown, properly placed tree can cut your cooling costs by as much as 40 percent. Mature landscaping is also good for the environment, providing a necessary habitat for wildlife while adding valuable curb appeal to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Low-Maintenance Landscaping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>No question that shrubs and colorful plants will add curb appeal to any home, but when shopping at your local garden center, make sure that you \"think green.\" Purchase plants that are native to your region or plants that are drought-tolerant; these require less water and maintenance, which means more savings to you and more green in your wallet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Money-Saving Luxury</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Speaking of water, here\'s another way to tap into extra savings; install a water filtration system in your kitchen. Not only do these systems purify your water, they will also lower your grocery bills — no more bottled water. A water filtration system is an inexpensive addition, but it\'s the sort of small luxury that homebuyers love.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Improve the Air Quality Inside Your Home</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Air quality isn\'t just about the conditions outdoors. If you have older carpets in your home, they might be hiding contaminants and allergens. The first step to determine if these need replacing is to hire a professional company to test your indoor air quality. If the results prove that your carpets should be replaced, choose environmentally friendly natural products like tile or laminate floors. Hard-surface floors are much easier to keep clean, don\'t hold odors, give your home an updated look and, in general, are more appealing to buyers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Save the Popcorn for the Movies</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, what\'s on your ceiling? Few structural elements date a house more than popcorn ceilings. So dedicate a weekend to ditching the dated look and adding dollar signs to the value of your home. NOTE: some older ceilings could contain asbestos so before undertaking this project, have yours tested by professionals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you\'re in the clear, this is a project you can tackle yourself. First, visit your local hardware store for a solution to soften the texture, then simply scrape the popcorn away. Removing a popcorn ceiling may not seem like a big change but one of the keys for adding value to your home is to repair, replace or remove anything that could turn buyers away.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $200-$400</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Clean up the Lawn</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Overgrown or patchy lawns and outsized bushes will cause your home to stand out — in a bad way. The good news is that taming your jungle is an easy fix. For a few hundred dollars, hire a lawn service company to trim your lawn and shape your hedges. Your curb appeal will go from messy to maintained without blowing your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Cleanliness Counts</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The old adage that you only get one shot at a first impression is true. So, make the interior of you home shine from the moment someone walks through the door. For less than $400, hire a cleaning service for a thorough top-to-bottom scrubbing. Even if you clean your home regularly, there are nooks and crannies that you may miss or overlook. Let a cleaning service do the dirty work to really make your home sparkle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Visually Increase Your Home\'s Square Footage</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The size of your home dramatically affects the value, but square footage isn\'t the only space that counts. Visual space or how large a home feels also counts. The key is to make each room in your house feel larger. Replace heavy closed draperies with vertical blinds or shutters to let light in — a sunny room feels larger and more open. Also, try adding a single large mirror to a room to visually double the space. Finally, clear the clutter. The more clutter, furniture and plain old stuff you have in a room, the more cramped it will feel. For less than $400, add an attractive shelving unit to an underused space and store your clutter out of sight.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Small Bathroom Updates Equal a Big Return</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Bathroom updates are always a smart move. Even if you can\'t afford a full remodel, small changes such as replacing dated wallpaper with a faux or textured finish and replacing old lighting will update the room without denting your wallet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Add New Energy-Efficient Fixtures</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A functional, decorative ceiling fan is a beautiful thing. It provides necessary light and, in warm months, creates a soft breeze reducing the need for expensive air conditioning. But, an outdated, wobbly, loud or broken ceiling fan is a useless eyesore. Replace old fixtures with new ones to make your home more enjoyable for you now and to increase the bottom line should you decide to sell.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $400-$750</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Big Return on Bathroom Updates</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A great room to update for less than $750 is the bathroom. The two rooms that benefit most from even small renovations are the kitchen and bathroom. One cost-effective change — like replacing an outdated vanity, old plumbing and lighting fixtures or adding a new tile floor — will guarantee a lot of bang for your buck and give your bath an updated, modern look.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Any Kitchen Update Equals Added Value</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The same rule applies in the kitchen. You don\'t have to start from scratch to create a winning recipe. For maximizing your home\'s value, kitchen updates are key. Start by swapping out just one item, such as a stained sink or ancient microwave, for shiny new stainless models. Even small kitchen updates will add big value to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Replace Worn Carpets or Rugs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Take a look at your home\'s soft flooring. Are your carpets and area rugs stained or worn? Nothing turns buyers off more than the thought that they will immediately need to replace all of the flooring in a home. Ideally, you may want to replace them all, but if a limited budget puts a snag in that plan, start by replacing the carpet in the room that shows the most wear and tear and replace the others as your finances allow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Keep Up With Regular Maintenance and Repairs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Walk around your home and make a list of all the little things that are broken or in need of repair. Individually, small repairs might not seem important, but if every room has just one thing wrong, those small things will add up to create the impression that your home has been neglected. If you don\'t feel comfortable tackling the repairs yourself, hire a handyman for a day and watch your \"to do\" list disappear. Staying on top of maintenance today eliminates problems down the road should you decide to sell.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Get Help With Getting Organized</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Hire a professional organizer for a day. They will show you how to organize various rooms in your home and teach you tricks for keeping it organized. How does this increase your home\'s value? Simple — a clutter-free home appears cleaner and larger, which is more attractive to homebuyers and therefore more valuable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.hgtv.com/design/remodel/interior-remodel/30-tips-for-increasing-your-homes-value\"> click here</a>.</p>\n<!-- /wp:paragraph -->','30 Tips for Increasing Your Home\'s Value','','inherit','closed','closed','','1652-revision-v1','','','2021-06-09 00:28:33','2021-06-09 00:28:33','',1652,'http://smartinsurance.tips/?p=1656',0,'revision','',0),(1672,1,'2021-06-10 00:35:45','2021-06-10 00:35:45','<!-- wp:image {\"id\":1677,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-13-1024x536.png\" alt=\"\" class=\"wp-image-1677\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Trusts and estates are the two main legal structures for transferring assets to your heirs and beneficiaries. Each works in critically different ways. Estates make a one-time transfer of your assets after death. Trusts, meanwhile, allow you to create an ongoing transfer of assets both before and after death. Here’s how each one works. Consider working with a financial advisor as you weigh the relative merits of trusts and estates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>What Is an Estate?</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate is everything that you own when you die. This does not include anything held jointly with someone else. Nor does it include anything that you have transferred or otherwise assigned by the time you die. Your heirs include anyone who receives money, belongings or other assets from the estate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, for example, say Steve dies. The house that Steve and his wife owned together doesn’t become part of his estate, as it now belongs solely to his wife. Nor would anything that Steve gave away as his death was approaching. Instead, Steve’s estate would include anything that Steve independently owned at the time of his death.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate is temporary. It exists to make a one-time distribution of the assets of the deceased. Once those assets have been disposed of, the estate no longer exists. This does not mean, however, that an estate is necessarily short-lived. Some estates can last for years, if that’s how long it takes to make a final distribution of all assets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate can be distributed in two main ways: by will or by legal chain of inheritance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A will is a series of instructions for who should get the assets of an estate and how those assets should be distributed. If the decedent (a legal term for person who died) has a valid will at the time of death, the estate is distributed under those terms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When someone dies without a will, this is known as dying intestate. In this case their assets will be distributed according to state law. Most of the time this means that the decedent’s assets go directly to their next of kin. In most states, spouses claim priority in this line of inheritance, followed by children, then parents and then extended family.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the most common misunderstandings regarding an estate is how much control someone has over the terms of his or her will. While state law governs who inherits when someone dies intestate, most states have very few restrictions on how someone can distribute assets through a will. When you die, you are mostly free to leave your belongings to whoever you choose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before anyone can inherit, however, an estate has to resolve three main obligations:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Existing debts;</li><li>Estate taxes;</li><li>Costs, fines and fees.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>When someone dies, creditors and bill collectors have first claim on the assets of the estate. The estate pays all debts owed by the dead person before anyone else can inherit. This can involve selling off property, if the deceased didn’t have enough cash to pay bills. If those bills are larger than the estate itself, the heirs receive nothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, when someone is wealthy enough, the person’s estate can trigger dedicated estate taxes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Estate taxes are assessed based on how much an heir has received, and they require a high level of wealth. In general, for an individual, estate taxes do not apply unless you have inherited more than $11.18 million ($22.36 million for a couple filing jointly). This includes not only cash but also the value of any property or other assets. (For example, if you inherit land worth $30 million you will owe estate taxes on that inheritance.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If estate taxes apply, they are paid out of the estate itself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, some estates require oversight and management. Any related costs and fees are drawn directly from the estate itself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate can trigger any number of different potential costs. For example if the terms of a will are overseen by a lawyer, that attorney will bill his or her legal fees directly to the estate. If an estate requires management, someone may be named its executor. This is someone whose job it is to distribute assets according to the will’s instructions, pay any bills, and otherwise manage the distribution of assets. Depending on the workload, the executor may bill the estate for his or her time. Or, if an estate is large or complex enough, a probate court judge may oversee the distribution of assets. Court costs and fees are drawn from the estate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In other words, any costs related to the management of the estate are paid by the estate itself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.sandiego.org/articles/25-fun-free-things-to-do-in-san-diego.aspx\">click </a><a href=\"https://finance.yahoo.com/news/estate-vs-trust-difference-202941439.html\">here</a>.</p>\n<!-- /wp:paragraph -->','Estate vs. Trust: What’s the Difference?','','publish','open','open','','estate-vs-trust-whats-the-difference','','','2021-06-10 00:43:45','2021-06-10 00:43:45','',0,'http://smartinsurance.tips/?p=1672',0,'post','',0),(1673,1,'2021-06-10 00:35:45','2021-06-10 00:35:45','<!-- wp:divi/placeholder /-->','Estate vs. Trust: What’s the Difference?','','inherit','closed','closed','','1672-revision-v1','','','2021-06-10 00:35:45','2021-06-10 00:35:45','',1672,'http://smartinsurance.tips/?p=1673',0,'revision','',0),(1675,1,'2021-06-10 00:37:35','2021-06-10 00:37:35','','My-Post-12','','inherit','open','closed','','my-post-12-2','','','2021-06-10 00:37:35','2021-06-10 00:37:35','',1672,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-12.png',0,'attachment','image/png',0),(1676,1,'2021-06-10 00:37:39','2021-06-10 00:37:39','','image','','inherit','open','closed','','image-2','','','2021-06-10 00:37:39','2021-06-10 00:37:39','',1672,'http://smartinsurance.tips/wp-content/uploads/2021/06/image.png',0,'attachment','image/png',0),(1680,1,'2021-06-10 00:44:50','2021-06-10 00:44:50','<!-- wp:divi/placeholder /-->','New home construction in Mira Mesa sparks massive interest','','inherit','closed','closed','','1679-revision-v1','','','2021-06-10 00:44:50','2021-06-10 00:44:50','',1679,'http://smartinsurance.tips/?p=1680',0,'revision','',0),(1682,1,'2021-06-10 00:45:51','2021-06-10 00:45:51','','My-Post-14','','inherit','open','closed','','my-post-14-2','','','2021-06-10 00:45:51','2021-06-10 00:45:51','',1679,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-14.png',0,'attachment','image/png',0),