(3085,1,'2023-03-29 05:02:35','2023-03-29 05:02:35','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Taking advantage of lesser-known homeowners insurance discounts and other creative approaches can help you save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3086,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-3.png\" alt=\"\" class=\"wp-image-3086\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners insurance rarely gets much attention, but it could be quietly costing you more money than it should.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The good news is that insurers provide a variety of discounts and incentives that can help you lower your homeowners insurance premium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are nine ways to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Raise your deductible</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A quick way to reduce your premium is to raise your homeowners insurance deductible, the amount you pay if you have to make a claim. If you had, say, a $1,000 deductible, you could save an average of 12% a year by increasing it to $2,500, according to NerdWallet\'s rate analysis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Raising your deductible puts money in your pocket every month that otherwise would have gone to your insurer. Just be sure you have enough saved to cover a bigger out-of-pocket expense if you need to make a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. Make your home more secure</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even the basics can save you money when it comes to home security.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Having a smoke detector, burglar alarm or deadbolt locks on your home can earn you a 5% discount, says Mark Friedlander, spokesperson for the Insurance Information Institute. Adding a comprehensive sprinkler system along with an actively monitored fire and burglar alarm could save you as much as 15% to 20%, he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Skip small claims</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may be tempting to file a claim with your insurer even when something relatively minor happens, but you may be better off in the long run if you pay out of pocket for these smaller expenses. That’s because some insurers offer discounts if you remain claim-free for a certain period of time, usually a few years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">How much can filing a claim affect your rates? Submitting a claim for wind damage raises your annual cost of insurance by about 9%, on average, according to a recent NerdWallet analysis. A water claim costs you even more, raising your annual rate by about 19%, on average. If your claim is relatively minor, you could end up paying more in rate increases than the insurer pays out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. Ask about lesser-known discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Unless you check, you may never know what other savings you might be eligible for. Some insurers offer additional homeowners insurance discounts if you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Don’t have any smokers living in the house.</li><li>Recently bought your home.</li><li>Pay your premium via automatic bank payments.</li><li>Choose paperless billing.</li><li>Work in a specific career, such as teaching, engineering or firefighting.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. Account for home improvements</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you\'ve improved your home, you may have made yourself eligible for homeowners insurance discounts without even realizing it. Adding features such as storm shutters and impact-resistant roofing — which make your house tougher to damage — could result in insurance savings. You might also earn a discount by upgrading outdated plumbing and electrical systems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“You can often request a new inspection of your home to evaluate these improvements to maximize your potential discounts,” says Jessica Hanna, spokesperson for the American Property Casualty Insurance Association.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">6. Bundle your auto and home insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bundling auto and home insurance with the same company typically saves you 5% to 15% on your homeowners premium, according to data from the Insurance Information Institute. Although it could vary depending on your company, many insurers provide discounts if you buy more than one type of policy from them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">7. Build your credit score</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may surprise you to learn that your credit score can have a substantial impact on your home insurance premium. That’s because in most states, companies can use a credit-based insurance score to determine your rates. If your insurer thinks your credit score is too low — such as a FICO score under 630 — you may pay higher rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you find that your credit score is low, read your credit report closely to identify any errors. You can elevate your score by taking steps like paying bills on time and reducing credit card balances. Learn more about how to build credit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">8. Get rid of high-risk stuff</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even though it may be fun, having something deemed an “attractive nuisance” by your insurer — think trampolines, swimming pools or playground equipment — can add to your homeowners insurance premium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An attractive nuisance is a feature on your property that children could be tempted to play on. If they get injured while doing so, you could be held legally responsible. Because insurers consider this a liability risk, getting rid of those items could save you money on homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.nerdwallet.com/article/insurance/save-on-homeowners-insurance?trk_channel=web&amp;trk_copy=9%20Ways%20to%20Lower%20Homeowners%20Insurance%20Rates&amp;trk_element=hyperlink&amp;trk_elementPosition=1&amp;trk_location=PostList&amp;trk_subLocation=image-list\">click here.</a></p>\n<!-- /wp:paragraph -->','Ways to Lower Homeowners Insurance Rates','','publish','closed','closed','','9-ways-to-lower-homeowners-insurance-rates','','','2023-03-30 01:04:41','2023-03-30 01:04:41','',0,'http://smartinsurance.tips/?p=3085',0,'post','',0),(3086,1,'2023-03-29 04:57:43','2023-03-29 04:57:43','','Insurance-3','','inherit','closed','closed','','insurance-3-7','','','2023-03-29 04:57:43','2023-03-29 04:57:43','',3085,'http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-3.png',0,'attachment','image/png',0),(3110,1,'2023-03-30 01:03:58','2023-03-30 01:03:58','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Taking advantage of lesser-known homeowners insurance discounts and other creative approaches can help you save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3086,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-3.png\" alt=\"\" class=\"wp-image-3086\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners insurance rarely gets much attention, but it could be quietly costing you more money than it should.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The good news is that insurers provide a variety of discounts and incentives that can help you lower your homeowners insurance premium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are nine ways to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Raise your deductible</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A quick way to reduce your premium is to raise your homeowners insurance deductible, the amount you pay if you have to make a claim. If you had, say, a $1,000 deductible, you could save an average of 12% a year by increasing it to $2,500, according to NerdWallet\'s rate analysis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Raising your deductible puts money in your pocket every month that otherwise would have gone to your insurer. Just be sure you have enough saved to cover a bigger out-of-pocket expense if you need to make a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. Make your home more secure</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even the basics can save you money when it comes to home security.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Having a smoke detector, burglar alarm or deadbolt locks on your home can earn you a 5% discount, says Mark Friedlander, spokesperson for the Insurance Information Institute. Adding a comprehensive sprinkler system along with an actively monitored fire and burglar alarm could save you as much as 15% to 20%, he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Skip small claims</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may be tempting to file a claim with your insurer even when something relatively minor happens, but you may be better off in the long run if you pay out of pocket for these smaller expenses. That’s because some insurers offer discounts if you remain claim-free for a certain period of time, usually a few years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">How much can filing a claim affect your rates? Submitting a claim for wind damage raises your annual cost of insurance by about 9%, on average, according to a recent NerdWallet analysis. A water claim costs you even more, raising your annual rate by about 19%, on average. If your claim is relatively minor, you could end up paying more in rate increases than the insurer pays out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. Ask about lesser-known discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Unless you check, you may never know what other savings you might be eligible for. Some insurers offer additional homeowners insurance discounts if you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Don’t have any smokers living in the house.</li><li>Recently bought your home.</li><li>Pay your premium via automatic bank payments.</li><li>Choose paperless billing.</li><li>Work in a specific career, such as teaching, engineering or firefighting.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. Account for home improvements</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you\'ve improved your home, you may have made yourself eligible for homeowners insurance discounts without even realizing it. Adding features such as storm shutters and impact-resistant roofing — which make your house tougher to damage — could result in insurance savings. You might also earn a discount by upgrading outdated plumbing and electrical systems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“You can often request a new inspection of your home to evaluate these improvements to maximize your potential discounts,” says Jessica Hanna, spokesperson for the American Property Casualty Insurance Association.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">6. Bundle your auto and home insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bundling auto and home insurance with the same company typically saves you 5% to 15% on your homeowners premium, according to data from the Insurance Information Institute. Although it could vary depending on your company, many insurers provide discounts if you buy more than one type of policy from them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">7. Build your credit score</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may surprise you to learn that your credit score can have a substantial impact on your home insurance premium. That’s because in most states, companies can use a credit-based insurance score to determine your rates. If your insurer thinks your credit score is too low — such as a FICO score under 630 — you may pay higher rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you find that your credit score is low, read your credit report closely to identify any errors. You can elevate your score by taking steps like paying bills on time and reducing credit card balances. Learn more about how to build credit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">8. Get rid of high-risk stuff</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even though it may be fun, having something deemed an “attractive nuisance” by your insurer — think trampolines, swimming pools or playground equipment — can add to your homeowners insurance premium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An attractive nuisance is a feature on your property that children could be tempted to play on. If they get injured while doing so, you could be held legally responsible. Because insurers consider this a liability risk, getting rid of those items could save you money on homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.nerdwallet.com/article/insurance/save-on-homeowners-insurance?trk_channel=web&amp;trk_copy=9%20Ways%20to%20Lower%20Homeowners%20Insurance%20Rates&amp;trk_element=hyperlink&amp;trk_elementPosition=1&amp;trk_location=PostList&amp;trk_subLocation=image-list\">click here.</a></p>\n<!-- /wp:paragraph -->','9 Ways to Lower Homeowners Insurance Rates','','inherit','closed','closed','','3085-revision-v1','','','2023-03-30 01:03:58','2023-03-30 01:03:58','',3085,'http://smartinsurance.tips/?p=3110',0,'revision','',0),(3087,1,'2023-03-29 05:02:35','2023-03-29 05:02:35','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Taking advantage of lesser-known homeowners insurance discounts and other creative approaches can help you save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3086,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-3.png\" alt=\"\" class=\"wp-image-3086\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners insurance rarely gets much attention, but it could be quietly costing you more money than it should.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The good news is that insurers provide a variety of discounts and incentives that can help you lower your homeowners insurance premium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are nine ways to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Raise your deductible</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A quick way to reduce your premium is to raise your homeowners insurance deductible, the amount you pay if you have to make a claim. If you had, say, a $1,000 deductible, you could save an average of 12% a year by increasing it to $2,500, according to NerdWallet\'s rate analysis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Raising your deductible puts money in your pocket every month that otherwise would have gone to your insurer. Just be sure you have enough saved to cover a bigger out-of-pocket expense if you need to make a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. Make your home more secure</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even the basics can save you money when it comes to home security.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Having a smoke detector, burglar alarm or deadbolt locks on your home can earn you a 5% discount, says Mark Friedlander, spokesperson for the Insurance Information Institute. Adding a comprehensive sprinkler system along with an actively monitored fire and burglar alarm could save you as much as 15% to 20%, he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Skip small claims</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may be tempting to file a claim with your insurer even when something relatively minor happens, but you may be better off in the long run if you pay out of pocket for these smaller expenses. That’s because some insurers offer discounts if you remain claim-free for a certain period of time, usually a few years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">How much can filing a claim affect your rates? Submitting a claim for wind damage raises your annual cost of insurance by about 9%, on average, according to a recent NerdWallet analysis. A water claim costs you even more, raising your annual rate by about 19%, on average. If your claim is relatively minor, you could end up paying more in rate increases than the insurer pays out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. Ask about lesser-known discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Unless you check, you may never know what other savings you might be eligible for. Some insurers offer additional homeowners insurance discounts if you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Don’t have any smokers living in the house.</li><li>Recently bought your home.</li><li>Pay your premium via automatic bank payments.</li><li>Choose paperless billing.</li><li>Work in a specific career, such as teaching, engineering or firefighting.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. Account for home improvements</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you\'ve improved your home, you may have made yourself eligible for homeowners insurance discounts without even realizing it. Adding features such as storm shutters and impact-resistant roofing — which make your house tougher to damage — could result in insurance savings. You might also earn a discount by upgrading outdated plumbing and electrical systems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“You can often request a new inspection of your home to evaluate these improvements to maximize your potential discounts,” says Jessica Hanna, spokesperson for the American Property Casualty Insurance Association.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">6. Bundle your auto and home insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bundling auto and home insurance with the same company typically saves you 5% to 15% on your homeowners premium, according to data from the Insurance Information Institute. Although it could vary depending on your company, many insurers provide discounts if you buy more than one type of policy from them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">7. Build your credit score</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may surprise you to learn that your credit score can have a substantial impact on your home insurance premium. That’s because in most states, companies can use a credit-based insurance score to determine your rates. If your insurer thinks your credit score is too low — such as a FICO score under 630 — you may pay higher rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you find that your credit score is low, read your credit report closely to identify any errors. You can elevate your score by taking steps like paying bills on time and reducing credit card balances. Learn more about how to build credit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">8. Get rid of high-risk stuff</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even though it may be fun, having something deemed an “attractive nuisance” by your insurer — think trampolines, swimming pools or playground equipment — can add to your homeowners insurance premium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An attractive nuisance is a feature on your property that children could be tempted to play on. If they get injured while doing so, you could be held legally responsible. Because insurers consider this a liability risk, getting rid of those items could save you money on homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">9. Shop around</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Rates for identical homeowners insurance coverage can vary widely from one company to the next. Some homeowners could save $1,000 or more a year by finding the cheapest rate, NerdWallet research shows.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many companies have tools on their websites that allow you to plug in some basic information and get quick home insurance quotes. Comparing different companies’ rates will let you see if you might be able to save by switching insurers. You can also ask an independent insurance agent or broker to shop around on your behalf.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/insurance/save-on-homeowners-insurance?trk_channel=web&amp;trk_copy=9%20Ways%20to%20Lower%20Homeowners%20Insurance%20Rates&amp;trk_element=hyperlink&amp;trk_elementPosition=1&amp;trk_location=PostList&amp;trk_subLocation=image-list\">click here.</a></p>\n<!-- /wp:paragraph -->','9 Ways to Lower Homeowners Insurance Rates','','inherit','closed','closed','','3085-revision-v1','','','2023-03-29 05:02:35','2023-03-29 05:02:35','',3085,'http://smartinsurance.tips/?p=3087',0,'revision','',0);
INSERT INTO `smart_posts` VALUES (3088,1,'2023-03-29 05:08:26','2023-03-29 05:08:26','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pet insurance is designed to make paying for health care for pets easier. This type of coverage can pay for treatment related to a variety of pet health care costs, including accidental injuries, illness, and medications. That can save you money as a pet owner but health insurance for pets is not all-encompassing. Insurers may choose to exclude certain pre-existing conditions from coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3089,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-4.png\" alt=\"\" class=\"wp-image-3089\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Pet insurance can cover a variety of heath care-related needs, including illness, injuries, behavioral issues, and congenital health problems.1</li><li>Companies that offer pet insurance can choose to exclude certain pre-existing conditions from coverage.</li><li>If your pet has a pre-existing condition, they aren\'t necessarily barred from getting coverage but this may influence your coverage options.</li><li>Pet insurance companies may distinguish between curable and incurable pre-existing health conditions when writing policies.</li><li>When shopping for pet insurance, it\'s important to read the fine print to understand what\'s covered and what\'s not, as well as what you\'ll pay for coverage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">Pet Insurance Basics</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Pet insurance&nbsp;is a type of insurance coverage that\'s designed for pet owners. Typically, this type of coverage is intended for cats and dogs, though it\'s also possible to cover a wider variety of pets. For instance, you may be able to get coverage for ferrets, rabbits, hamsters, potbelly pigs, and exotic birds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">There are three levels of coverage pet insurance can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-9\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Basic coverage.&nbsp;</strong>Basic pet insurance provides the lowest level of coverage for pet owners. It may be limited to things like accidental injuries, poisonings, and certain illnesses.</li><li><strong>Comprehensive coverage.&nbsp;</strong>Comprehensive pet insurance covers a wider variety of health conditions and healthcare-related costs. For instance, you may have coverage for x-rays or lab fees with a comprehensive plan.</li><li><strong>Pet well care protection.&nbsp;</strong>This type of pet insurance typically covers preventive care, such as physical exams, flea and heartworm treatment, and vaccines.2</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">Pet insurance can have annual coverage limits and&nbsp;annual deductibles. Instead of paying a monthly premium, however, this type of coverage reimburses pet owners for covered expenses. The amount that\'s reimbursable and the expenses covered can depend on the terms of the pet insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0-1\">Note</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pet insurance is not the same as a veterinary discount plan or a&nbsp;veterinary financing plan, both of which may be offered to you if you\'re paying for pet care out-of-pocket.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-15\">Pet Insurance and Pre-Existing Conditions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Pet insurance policies&nbsp;can be very specific, in terms of what\'s covered and what\'s not. A typical policy, for example, may cover the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-18\" class=\"has-black-color has-text-color has-large-font-size\"><li>Accidental injuries</li><li>Illness</li><li>Hereditary and congenital conditions</li><li>Alternative therapies</li><li>Behavioral issues</li><li>Chronic conditions</li><li>Prescription medications</li><li>Prescription food and supplements</li><li>Microchip implantation1</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">The list of what\'s not covered includes pre-existing conditions, cosmetic procedures and breeding costs. Pre-existing conditions include injuries or illnesses that are present before a pet insurance policy goes into effect or during a waiting period. Examples of pre-existing conditions can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-22\" class=\"has-black-color has-text-color has-large-font-size\"><li>Fractures or broken bones</li><li>Infections</li><li>Diabetes</li><li>Allergies</li><li>Orthopedic conditions</li><li>Cancer</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">Whether a pet insurance company chooses to cover a pre-existing condition can depend on whether it\'s curable or incurable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-26\">Curable and Incurable Pre-Existing Conditions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">Some pre-existing conditions may be resolved, either on their own or with the care of a veterinarian. A fractured bone, for instance, can eventually heal without causing any long-term health issues. The same may be true for things like ear infections or insect bites.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-29\">In the case of a curable pre-existing condition, a pet insurer may choose to extend coverage after a set waiting period. For example, your pet may need to be symptom-free for six to 12 months for the insurance company to consider them cured. During this waiting period, any claims made related to the pre-existing condition would not be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">In the case of incurable pre-existing conditions, insurers may choose to limit the coverage offered to pet owners or exclude those conditions entirely. Examples of incurable conditions can include cancer, diabetes, hyper- or hypothyroidism, allergies, and other lasting health conditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0-2\">Note</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There may be no waiting period required to use your coverage for preventive care visits for your pet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-35\">How to Get Pet Insurance for Pre-Existing Conditions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-36\">Pre-existing conditions won\'t prevent your pet from getting health insurance altogether. But any pre-existing conditions may not be covered by the policy or may be subject to coverage limitations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-38\">If you have a pet with a pre-existing condition and you want to get pet insurance, getting a full medical exam is a good first step. This allows a veterinarian to identify any potential health issues, pre-existing or otherwise, that could complicate your ability to qualify for pet insurance. You can also talk to your vet about which pre-existing conditions may be curable versus incurable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-40\">The next step is comparing pet insurance options. When shopping for pet insurance, it\'s helpful to consider:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-42\" class=\"has-black-color has-text-color has-large-font-size\"><li>What is and is not covered, including pre-existing conditions</li><li>How the insurer categories curable vs. non-curable pre-existing conditions</li><li>Annual coverage limits</li><li>Annual deductible amounts</li><li>How much is reimbursed to you for pet health care</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-44\">It\'s also important to think about whether insuring a pet with pre-existing conditions makes sense. On one hand, you could still get coverage for other health care expenses, including routine preventive care or accidental injuries. But any savings and reimbursement you might receive for those costs may be overshadowed by out-of-pocket costs you have to pay for non-covered health conditions. So consider the costs carefully to decide if&nbsp;pet insurance is worth it</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-48\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-49\">Pet insurance is something more people are choosing to purchase to ensure their pets are covered. At the beginning of 2021, an estimated 3.45 million pets were covered by some type of pet insurance policy.4&nbsp;Pet insurance can still be a smart buy when your pet has a pre-existing condition, though it is important to compare your options for getting coverage. When in doubt, it can be helpful to reach out to pet insurance companies directly to ask about pre-existing condition coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/pet-insurance-pre-existing-condition-exclusions-5192762\">click here.</a></p>\n<!-- /wp:paragraph -->','Pet Insurance Pre-existing Condition Exclusions','','publish','closed','closed','','pet-insurance-pre-existing-condition-exclusions','','','2023-03-30 01:13:42','2023-03-30 01:13:42','',0,'http://smartinsurance.tips/?p=3088',0,'post','',0),(3089,1,'2023-03-29 05:03:39','2023-03-29 05:03:39','','Insurance-4','','inherit','closed','closed','','insurance-4-8','','','2023-03-29 05:03:39','2023-03-29 05:03:39','',3088,'http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-4.png',0,'attachment','image/png',0),(3090,1,'2023-03-29 05:08:26','2023-03-29 05:08:26','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pet insurance is designed to make paying for health care for pets easier. This type of coverage can pay for treatment related to a variety of pet health care costs, including accidental injuries, illness, and medications.1 That can save you money as a pet owner but health insurance for pets is not all-encompassing. Insurers may choose to exclude certain pre-existing conditions from coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3089,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-4.png\" alt=\"\" class=\"wp-image-3089\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Pet insurance can cover a variety of heath care-related needs, including illness, injuries, behavioral issues, and congenital health problems.1</li><li>Companies that offer pet insurance can choose to exclude certain pre-existing conditions from coverage.</li><li>If your pet has a pre-existing condition, they aren\'t necessarily barred from getting coverage but this may influence your coverage options.</li><li>Pet insurance companies may distinguish between curable and incurable pre-existing health conditions when writing policies.</li><li>When shopping for pet insurance, it\'s important to read the fine print to understand what\'s covered and what\'s not, as well as what you\'ll pay for coverage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">Pet Insurance Basics</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Pet insurance is a type of insurance coverage that\'s designed for pet owners. Typically, this type of coverage is intended for cats and dogs, though it\'s also possible to cover a wider variety of pets. For instance, you may be able to get coverage for ferrets, rabbits, hamsters, potbelly pigs, and exotic birds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">There are three levels of coverage pet insurance can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-9\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Basic coverage.&nbsp;</strong>Basic pet insurance provides the lowest level of coverage for pet owners. It may be limited to things like accidental injuries, poisonings, and certain illnesses.</li><li><strong>Comprehensive coverage.&nbsp;</strong>Comprehensive pet insurance covers a wider variety of health conditions and healthcare-related costs. For instance, you may have coverage for x-rays or lab fees with a comprehensive plan.</li><li><strong>Pet well care protection.&nbsp;</strong>This type of pet insurance typically covers preventive care, such as physical exams, flea and heartworm treatment, and vaccines.2</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">Pet insurance can have annual coverage limits and annual deductibles. Instead of paying a monthly premium, however, this type of coverage reimburses pet owners for covered expenses. The amount that\'s reimbursable and the expenses covered can depend on the terms of the pet insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0-1\">Note</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pet insurance is not the same as a veterinary discount plan or a veterinary financing plan, both of which may be offered to you if you\'re paying for pet care out-of-pocket.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-15\">Pet Insurance and Pre-Existing Conditions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Pet insurance policies can be very specific, in terms of what\'s covered and what\'s not. A typical policy, for example, may cover the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-18\" class=\"has-black-color has-text-color has-large-font-size\"><li>Accidental injuries</li><li>Illness</li><li>Hereditary and congenital conditions</li><li>Alternative therapies</li><li>Behavioral issues</li><li>Chronic conditions</li><li>Prescription medications</li><li>Prescription food and supplements</li><li>Microchip implantation1</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">The list of what\'s not covered includes pre-existing conditions, cosmetic procedures and breeding costs. Pre-existing conditions include injuries or illnesses that are present before a pet insurance policy goes into effect or during a waiting period. Examples of pre-existing conditions can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-22\" class=\"has-black-color has-text-color has-large-font-size\"><li>Fractures or broken bones</li><li>Infections</li><li>Diabetes</li><li>Allergies</li><li>Orthopedic conditions</li><li>Cancer</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">Whether a pet insurance company chooses to cover a pre-existing condition can depend on whether it\'s curable or incurable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-26\">Curable and Incurable Pre-Existing Conditions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">Some pre-existing conditions may be resolved, either on their own or with the care of a veterinarian. A fractured bone, for instance, can eventually heal without causing any long-term health issues. The same may be true for things like ear infections or insect bites.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-29\">In the case of a curable pre-existing condition, a pet insurer may choose to extend coverage after a set waiting period. For example, your pet may need to be symptom-free for six to 12 months for the insurance company to consider them cured. During this waiting period, any claims made related to the pre-existing condition would not be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">In the case of incurable pre-existing conditions, insurers may choose to limit the coverage offered to pet owners or exclude those conditions entirely. Examples of incurable conditions can include cancer, diabetes, hyper- or hypothyroidism, allergies, and other lasting health conditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0-2\">Note</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There may be no waiting period required to use your coverage for preventive care visits for your pet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-35\">How to Get Pet Insurance for Pre-Existing Conditions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-36\">Pre-existing conditions won\'t prevent your pet from getting health insurance altogether. But any pre-existing conditions may not be covered by the policy or may be subject to coverage limitations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-38\">If you have a pet with a pre-existing condition and you want to get pet insurance, getting a full medical exam is a good first step. This allows a veterinarian to identify any potential health issues, pre-existing or otherwise, that could complicate your ability to qualify for pet insurance. You can also talk to your vet about which pre-existing conditions may be curable versus incurable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-40\">The next step is comparing pet insurance options. When shopping for pet insurance, it\'s helpful to consider:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-42\" class=\"has-black-color has-text-color has-large-font-size\"><li>What is and is not covered, including pre-existing conditions</li><li>How the insurer categories curable vs. non-curable pre-existing conditions</li><li>Annual coverage limits</li><li>Annual deductible amounts</li><li>How much is reimbursed to you for pet health care</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-44\">It\'s also important to think about whether insuring a pet with pre-existing conditions makes sense. On one hand, you could still get coverage for other health care expenses, including routine preventive care or accidental injuries. But any savings and reimbursement you might receive for those costs may be overshadowed by out-of-pocket costs you have to pay for non-covered health conditions. So consider the costs carefully to decide if pet insurance is worth it</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-48\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-49\">Pet insurance is something more people are choosing to purchase to ensure their pets are covered. At the beginning of 2021, an estimated 3.45 million pets were covered by some type of pet insurance policy.4 Pet insurance can still be a smart buy when your pet has a pre-existing condition, though it is important to compare your options for getting coverage. When in doubt, it can be helpful to reach out to pet insurance companies directly to ask about pre-existing condition coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/pet-insurance-pre-existing-condition-exclusions-5192762\">click here.</a></p>\n<!-- /wp:paragraph -->','Pet Insurance Pre-existing Condition Exclusions','','inherit','closed','closed','','3088-revision-v1','','','2023-03-29 05:08:26','2023-03-29 05:08:26','',3088,'http://smartinsurance.tips/?p=3090',0,'revision','',0),(3091,1,'2023-03-29 05:16:34','2023-03-29 05:16:34','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3092,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-5.png\" alt=\"\" class=\"wp-image-3092\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Car modifications give you a way to stand out from the crowd and make your car your own. You may modify your car to make it look unique, improve the performance or because you want custom paint. Some people need modifications to their vehicle because of a disability, so they can drive or ride as a passenger. You can even modify your car for safety reasons.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regardless of the reason for car modification, the costs you’ll incur aren’t just for parts and accessories. Depending on the modifications, it may cost more to insure your car than it would if you left it in its untouched condition.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What is a modified car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A modified car is one that is altered, whether aesthetically or by installing parts, to adjust the car’s performance or to add extra safety features. Some common car modifications include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Adaptive equipment for disabilities</li><li>Custom paint</li><li>Custom wheels</li><li>Interior and exterior lights</li><li>Racing seats and harness</li><li>Stereo systems</li><li>Supercharger or turbocharger</li><li>Suspension upgrades</li><li>Winch system</li><li>Window tint</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And while you can technically do whatever you want with your car, making any modifications can void your manufacturer’s warranty. It’s worth checking out before you begin modifying your car so that you know what you’re getting into.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What is modified car insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A typical car insurance policy with comprehensive and collision coverage, often referred to as full coverage, covers damages to your vehicle if it is involved in an accident. However, this coverage may not include modifications or customizations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some insurance companies offer specified coverage for customization or modification at an additional cost. If you’re involved in an accident and don’t have coverage for the mods, you’ll only be covered up to the original manufacturer version of the car. This could be a substantial loss if your modified parts are also damaged in the accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">If your insurer won’t cover your modifications</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some traditional insurance companies offer modification coverage on a regular car insurance policy, but some don’t. You may be able to get a classic car policy with companies like AAA or State Farm, but not all cars qualify. Mods also have to be permanently installed in the vehicle to be covered under a standard car insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are also specialized car insurance providers who offer coverage for sports cars, hot rods, classics and other modified vehicles, with limitations. Companies like American Modern, Grundy and Hagerty offer coverage with modifications if your original insurer won’t cover your modifications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Do I have to tell my insurer about my car modifications?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">No, you don’t have to tell your car insurance company your car is modified. And if you have just liability coverage, you may not need to. But if you have comprehensive or collision coverage, the modifications you paid for won’t be covered if you’re involved in an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Just telling your car insurance provider isn’t enough to get your modifications covered. You need to provide receipts and proof that you purchased the items and that they were installed on your vehicle, including pictures of these items installed properly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How much does modified car insurance cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The cost of modified car insurance varies depending on how much coverage you need and the types of modifications completed. Since you are asking the insurance company to cover more in the event of a loss, you should expect to pay more for car insurance. Depending on the modifications done, the insurance company may also consider insuring the car to be a higher risk, which can also increase the cost of your car insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Agreed value policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some companies offer an agreed value policy to cover car mods, which may be the best choice for modified car insurance. An agreed value policy states the value of your car including all modifications, which both you and the insurance company agree to. If you are involved in an accident, the insurance company will pay up to the agreed value to repair or replace your car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some agreed value or specialty car insurers will also offer coverage for restorations and spare parts. These optional coverages cost more but will provide even better protection while your car is being restored or if you have spare parts or specialty tools to work on it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Discounts for modifications</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Not all car mods come with a higher price tag for car insurance. If you add a mod to your car for safety reasons, this could actually get you a discount on the premium. Whether it’s a classic car, hot rod or just a modified version of a standard car you see on the road, here are a few other ways you can get discounts on your modified car:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Complete a state-approved safe driving program</li><li>Drive less miles</li><li>Install and use anti-theft devices</li><li>Insure more than one vehicle with the same insurer</li><li>Insure your home or purchase renter’s insurance from the same insurance provider</li><li>Maintain a show-quality car and only drive it for those occasions</li><li>Pick a higher deductible</li><li>Provide proof of car club memberships</li><li>Store the vehicle in the off-season and provide proof</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your insurance provider doesn’t offer discounts for car modifications, it may be worth it to shop around. Each company has its own criteria and rates for modified cars, so you might be able to find the best deal by switching car insurance companies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/car-modifications/#:~:text=No%2C%20you%20don%27t%20have,re%20involved%20in%20an%20accident.\">click here.</a></p>\n<!-- /wp:paragraph -->','Car insurance for a car with modifications','','publish','closed','closed','','car-insurance-for-a-car-with-modifications','','','2023-03-29 05:16:34','2023-03-29 05:16:34','',0,'http://smartinsurance.tips/?p=3091',0,'post','',0),(3092,1,'2023-03-29 05:09:44','2023-03-29 05:09:44','','Insurance-5','','inherit','closed','closed','','insurance-5-11','','','2023-03-29 05:09:44','2023-03-29 05:09:44','',3091,'http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-5.png',0,'attachment','image/png',0),(3093,1,'2023-03-29 05:16:34','2023-03-29 05:16:34','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3092,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-5.png\" alt=\"\" class=\"wp-image-3092\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Car modifications give you a way to stand out from the crowd and make your car your own. You may modify your car to make it look unique, improve the performance or because you want custom paint. Some people need modifications to their vehicle because of a disability, so they can drive or ride as a passenger. You can even modify your car for safety reasons.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regardless of the reason for car modification, the costs you’ll incur aren’t just for parts and accessories. Depending on the modifications, it may cost more to insure your car than it would if you left it in its untouched condition.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What is a modified car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A modified car is one that is altered, whether aesthetically or by installing parts, to adjust the car’s performance or to add extra safety features. Some common car modifications include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Adaptive equipment for disabilities</li><li>Custom paint</li><li>Custom wheels</li><li>Interior and exterior lights</li><li>Racing seats and harness</li><li>Stereo systems</li><li>Supercharger or turbocharger</li><li>Suspension upgrades</li><li>Winch system</li><li>Window tint</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And while you can technically do whatever you want with your car, making any modifications can void your manufacturer’s warranty. It’s worth checking out before you begin modifying your car so that you know what you’re getting into.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What is modified car insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A typical car insurance policy with comprehensive and collision coverage, often referred to as full coverage, covers damages to your vehicle if it is involved in an accident. However, this coverage may not include modifications or customizations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some insurance companies offer specified coverage for customization or modification at an additional cost. If you’re involved in an accident and don’t have coverage for the mods, you’ll only be covered up to the original manufacturer version of the car. This could be a substantial loss if your modified parts are also damaged in the accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">If your insurer won’t cover your modifications</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some traditional insurance companies offer modification coverage on a regular car insurance policy, but some don’t. You may be able to get a classic car policy with companies like AAA or State Farm, but not all cars qualify. Mods also have to be permanently installed in the vehicle to be covered under a standard car insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are also specialized car insurance providers who offer coverage for sports cars, hot rods, classics and other modified vehicles, with limitations. Companies like American Modern, Grundy and Hagerty offer coverage with modifications if your original insurer won’t cover your modifications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Do I have to tell my insurer about my car modifications?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">No, you don’t have to tell your car insurance company your car is modified. And if you have just liability coverage, you may not need to. But if you have comprehensive or collision coverage, the modifications you paid for won’t be covered if you’re involved in an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Just telling your car insurance provider isn’t enough to get your modifications covered. You need to provide receipts and proof that you purchased the items and that they were installed on your vehicle, including pictures of these items installed properly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How much does modified car insurance cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The cost of modified car insurance varies depending on how much coverage you need and the types of modifications completed. Since you are asking the insurance company to cover more in the event of a loss, you should expect to pay more for car insurance. Depending on the modifications done, the insurance company may also consider insuring the car to be a higher risk, which can also increase the cost of your car insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Agreed value policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some companies offer an agreed value policy to cover car mods, which may be the best choice for modified car insurance. An agreed value policy states the value of your car including all modifications, which both you and the insurance company agree to. If you are involved in an accident, the insurance company will pay up to the agreed value to repair or replace your car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some agreed value or specialty car insurers will also offer coverage for restorations and spare parts. These optional coverages cost more but will provide even better protection while your car is being restored or if you have spare parts or specialty tools to work on it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Discounts for modifications</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Not all car mods come with a higher price tag for car insurance. If you add a mod to your car for safety reasons, this could actually get you a discount on the premium. Whether it’s a classic car, hot rod or just a modified version of a standard car you see on the road, here are a few other ways you can get discounts on your modified car:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Complete a state-approved safe driving program</li><li>Drive less miles</li><li>Install and use anti-theft devices</li><li>Insure more than one vehicle with the same insurer</li><li>Insure your home or purchase renter’s insurance from the same insurance provider</li><li>Maintain a show-quality car and only drive it for those occasions</li><li>Pick a higher deductible</li><li>Provide proof of car club memberships</li><li>Store the vehicle in the off-season and provide proof</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your insurance provider doesn’t offer discounts for car modifications, it may be worth it to shop around. Each company has its own criteria and rates for modified cars, so you might be able to find the best deal by switching car insurance companies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/car-modifications/#:~:text=No%2C%20you%20don%27t%20have,re%20involved%20in%20an%20accident.\">click here.</a></p>\n<!-- /wp:paragraph -->','Car insurance for a car with modifications','','inherit','closed','closed','','3091-revision-v1','','','2023-03-29 05:16:34','2023-03-29 05:16:34','',3091,'http://smartinsurance.tips/?p=3093',0,'revision','',0),(3094,1,'2023-03-29 05:27:11','2023-03-29 05:27:11','<!-- wp:image {\"id\":3095,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-6.png\" alt=\"\" class=\"wp-image-3095\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you’re a brand new homeowner or you’ve owned numerous homes, chances are that your escrow pays your home insurance premium. If you have an escrow account through your mortgage provider, your mortgage company takes a portion of each monthly payment you make throughout the year and puts it in the escrow account to pay for things like property taxes and homeowners insurance premiums. Then, when your annual homeowners premium is due, your lender cuts a check to the insurance company with the money from your escrow account to pay for your homeowners insurance coverage for the year ahead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But while you might think you’re stuck with the same insurance carrier because of your policy premiums being paid through your escrow account, the truth is that you have the right to change homeowners insurance companies. It makes sense to switch in some cases, like when you want to refinance your home loan, find a cheaper rate on your homeowners insurance policy or secure a policy from a company with better customer service. And knowing how to switch homeowners insurance when escrow pays the premium can help make the switch easier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How homeowners insurance works with escrow</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you have a mortgage escrow account, a portion of your monthly mortgage payment is earmarked for your home insurance premium. Essentially, you pay for a month worth of your annual homeowners insurance premium to your mortgage company each month. The amount is then held in your escrow account. The money accumulates until your insurance policy renewal, and then your mortgage lender then makes a payment for the full amount to your home insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In September 2022, the average monthly mortgage payment was $1,941, according to the Mortgage Bankers Association. Mortgage rates are rising, which means that monthly payments will likely be higher. If you have an escrow account for your insurance and/or property taxes, you’ll have to take that into consideration when budgeting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">When you might want to change home insurance with an escrow account</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have an escrow account, switching home insurance companies can be a bit more complex than if you owned your home in full. It’s always your choice to find the best home insurance company for you, though; a mortgage lender can’t require you to insure your home with any specific company. Here are some scenarios when you might want to consider moving your home policy to a new insurance company, even if you have an escrow account:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You want to find a cheaper policy:</strong> If you’re looking for cheap home insurance, shopping around is a good strategy that allows you to compare rates. If you find a cheaper policy that still fits your needs, you might want to consider changing companies. Because your insurance premium affects how much you pay into your escrow account each month, a cheaper policy could result in a lower mortgage payment when your company does its escrow analysis.</li><li><strong>You’re refinancing:</strong> Refinancing could provide a good opportunity to see if you can find a cheaper home insurer to help reduce your monthly costs even further. You don’t have to change insurance companies if you’re refinancing, but it could provide a good opportunity to see what else is out there.</li><li><strong>Your needs have changed:</strong> If you’ve started a home business, purchased a certain breed of dog, made specific changes to your home, or gone through a life event like a marriage or having a baby, you may find yourself in need of a specialized coverage type that your current insurer doesn’t offer. Looking for a new home insurance company may help you get a policy that fits your new needs.</li><li><strong>You had a poor service experience:</strong> If you’re not happy with the service you’re receiving with your current insurer, you may want to shop around. Service is an important part of the insurance experience, and you want to make sure you find a carrier that you trust.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Remember that regardless of your escrow account status, you can always change insurance companies. We’ll show you how in six steps, below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How to change homeowners insurance with an escrow account</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Paying your home insurance through escrow can be convenient, but if you want to change insurance providers, things can get a little tricky. You need to make sure your mortgage lender knows which insurance company to send your payment to. Otherwise, your premium could go to the wrong carrier, your home insurance could lapse and your mortgage company could put force-placed insurance on your account. Don’t let this stop you from shopping around, though; you can still change carriers, you just need to be aware of the steps to take.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 1: Shop for and choose a new carrier</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re wanting to change homeowners insurance companies, your first step is to shop around. Understand your coverage needs, budget and the features you’re looking for (like a certain discount or mobile app) and research companies that could fit your situation. Once you get quotes and choose a company, you can proceed to the next step.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 2: Confirm the mortgagee clause for your lender</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Before you purchase your new policy, you’ll need to know exactly how your mortgage lender should be listed. This is called the&nbsp;<em>mortgagee clause</em>&nbsp;and includes your lender’s official name and the address that all policy documents — including your renewal bills — will be sent to.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The mortgagee clause is not just your lender’s name and the address to which you send your monthly payments; most companies also have unique addresses for insurance documents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To ensure you include the correct information on your new insurance policy, call your mortgage company to confirm. Then, relay the information to your new insurance carrier&nbsp;<em>before&nbsp;</em>you purchase your new policy. Often, the purchase of the policy automatically generates documents to be sent to the mortgage on file, so the mortgagee clause needs to be correct from the start to avoid confusion.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 3: Purchase your new policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you know the mortgagee clause on your new policy is correct, you can go ahead and finalize the purchase of your new policy. An agent or company representative will walk you through the steps, but you’ll likely have to sign an application and any other required forms related to your coverage. Because you’ll pay your insurance with escrow, you will not need to make a payment out of pocket. Your new insurance company will send a bill to your mortgage institution.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 4: Cancel your prior policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Now that you’ve purchased your new policy, contact your current home insurance carrier to cancel your prior policy as of the same date your new policy is effective. Ensuring the dates are the same will prevent any overlap or gap in coverage. Even if your new policy is effective in the future, it’s still a safer process to start the new policy before canceling your old one. That way, if there are any issues getting your new policy started, you still have coverage through your old policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 5: Notify your mortgage company</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your mortgage company should receive a cancellation notice from the prior insurer and a declaration page from the new insurer, but it can help avoid confusion to let your mortgage company know that you’ve switched insurance providers. You’ll likely need to provide the cancellation date of the prior policy and the effective date of the new policy (which should be the same date to avoid a lapse), as well as the name of the new company and the policy number.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 6: Send any premium refunds to your new escrow account</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You may receive a premium refund from your prior insurer, depending on at what point in the policy cycle you cancel. If you switch companies at your renewal period, you won’t get a refund, as all of your annual premium has been used. However, if you switch companies midterm, you’ll likely get a pro-rated premium refund from your prior policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Generally, you should contact your mortgage company to find out how to send this money back to your escrow account. While you could keep it, doing so could mean that your escrow will have a shortage and you’ll have to pay higher monthly mortgage payments to rebuild your escrow amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/homeowners-insurance/how-to-change-homeowners-insurance-with-escrow/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to switch homeowners insurance when your escrow pays your premium','','publish','closed','closed','','how-to-switch-homeowners-insurance-when-your-escrow-pays-your-premium','','','2023-03-29 05:27:11','2023-03-29 05:27:11','',0,'http://smartinsurance.tips/?p=3094',0,'post','',0),(3095,1,'2023-03-29 05:22:20','2023-03-29 05:22:20','','Insurance-6','','inherit','closed','closed','','insurance-6-11','','','2023-03-29 05:22:20','2023-03-29 05:22:20','',3094,'http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-6.png',0,'attachment','image/png',0),(3096,1,'2023-03-29 05:27:11','2023-03-29 05:27:11','<!-- wp:image {\"id\":3095,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-6.png\" alt=\"\" class=\"wp-image-3095\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you’re a brand new homeowner or you’ve owned numerous homes, chances are that your escrow pays your home insurance premium. If you have an escrow account through your mortgage provider, your mortgage company takes a portion of each monthly payment you make throughout the year and puts it in the escrow account to pay for things like property taxes and homeowners insurance premiums. Then, when your annual homeowners premium is due, your lender cuts a check to the insurance company with the money from your escrow account to pay for your homeowners insurance coverage for the year ahead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But while you might think you’re stuck with the same insurance carrier because of your policy premiums being paid through your escrow account, the truth is that you have the right to change homeowners insurance companies. It makes sense to switch in some cases, like when you want to refinance your home loan, find a cheaper rate on your homeowners insurance policy or secure a policy from a company with better customer service. And knowing how to switch homeowners insurance when escrow pays the premium can help make the switch easier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How homeowners insurance works with escrow</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you have a mortgage escrow account, a portion of your monthly mortgage payment is earmarked for your home insurance premium. Essentially, you pay for a month worth of your annual homeowners insurance premium to your mortgage company each month. The amount is then held in your escrow account. The money accumulates until your insurance policy renewal, and then your mortgage lender then makes a payment for the full amount to your home insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In September 2022, the average monthly mortgage payment was $1,941, according to the Mortgage Bankers Association. Mortgage rates are rising, which means that monthly payments will likely be higher. If you have an escrow account for your insurance and/or property taxes, you’ll have to take that into consideration when budgeting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">When you might want to change home insurance with an escrow account</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have an escrow account, switching home insurance companies can be a bit more complex than if you owned your home in full. It’s always your choice to find the best home insurance company for you, though; a mortgage lender can’t require you to insure your home with any specific company. Here are some scenarios when you might want to consider moving your home policy to a new insurance company, even if you have an escrow account:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You want to find a cheaper policy:</strong> If you’re looking for cheap home insurance, shopping around is a good strategy that allows you to compare rates. If you find a cheaper policy that still fits your needs, you might want to consider changing companies. Because your insurance premium affects how much you pay into your escrow account each month, a cheaper policy could result in a lower mortgage payment when your company does its escrow analysis.</li><li><strong>You’re refinancing:</strong> Refinancing could provide a good opportunity to see if you can find a cheaper home insurer to help reduce your monthly costs even further. You don’t have to change insurance companies if you’re refinancing, but it could provide a good opportunity to see what else is out there.</li><li><strong>Your needs have changed:</strong> If you’ve started a home business, purchased a certain breed of dog, made specific changes to your home, or gone through a life event like a marriage or having a baby, you may find yourself in need of a specialized coverage type that your current insurer doesn’t offer. Looking for a new home insurance company may help you get a policy that fits your new needs.</li><li><strong>You had a poor service experience:</strong> If you’re not happy with the service you’re receiving with your current insurer, you may want to shop around. Service is an important part of the insurance experience, and you want to make sure you find a carrier that you trust.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Remember that regardless of your escrow account status, you can always change insurance companies. We’ll show you how in six steps, below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How to change homeowners insurance with an escrow account</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Paying your home insurance through escrow can be convenient, but if you want to change insurance providers, things can get a little tricky. You need to make sure your mortgage lender knows which insurance company to send your payment to. Otherwise, your premium could go to the wrong carrier, your home insurance could lapse and your mortgage company could put force-placed insurance on your account. Don’t let this stop you from shopping around, though; you can still change carriers, you just need to be aware of the steps to take.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 1: Shop for and choose a new carrier</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re wanting to change homeowners insurance companies, your first step is to shop around. Understand your coverage needs, budget and the features you’re looking for (like a certain discount or mobile app) and research companies that could fit your situation. Once you get quotes and choose a company, you can proceed to the next step.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 2: Confirm the mortgagee clause for your lender</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Before you purchase your new policy, you’ll need to know exactly how your mortgage lender should be listed. This is called the&nbsp;<em>mortgagee clause</em>&nbsp;and includes your lender’s official name and the address that all policy documents — including your renewal bills — will be sent to.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The mortgagee clause is not just your lender’s name and the address to which you send your monthly payments; most companies also have unique addresses for insurance documents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To ensure you include the correct information on your new insurance policy, call your mortgage company to confirm. Then, relay the information to your new insurance carrier&nbsp;<em>before&nbsp;</em>you purchase your new policy. Often, the purchase of the policy automatically generates documents to be sent to the mortgage on file, so the mortgagee clause needs to be correct from the start to avoid confusion.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 3: Purchase your new policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you know the mortgagee clause on your new policy is correct, you can go ahead and finalize the purchase of your new policy. An agent or company representative will walk you through the steps, but you’ll likely have to sign an application and any other required forms related to your coverage. Because you’ll pay your insurance with escrow, you will not need to make a payment out of pocket. Your new insurance company will send a bill to your mortgage institution.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 4: Cancel your prior policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Now that you’ve purchased your new policy, contact your current home insurance carrier to cancel your prior policy as of the same date your new policy is effective. Ensuring the dates are the same will prevent any overlap or gap in coverage. Even if your new policy is effective in the future, it’s still a safer process to start the new policy before canceling your old one. That way, if there are any issues getting your new policy started, you still have coverage through your old policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 5: Notify your mortgage company</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your mortgage company should receive a cancellation notice from the prior insurer and a declaration page from the new insurer, but it can help avoid confusion to let your mortgage company know that you’ve switched insurance providers. You’ll likely need to provide the cancellation date of the prior policy and the effective date of the new policy (which should be the same date to avoid a lapse), as well as the name of the new company and the policy number.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Step 6: Send any premium refunds to your new escrow account</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You may receive a premium refund from your prior insurer, depending on at what point in the policy cycle you cancel. If you switch companies at your renewal period, you won’t get a refund, as all of your annual premium has been used. However, if you switch companies midterm, you’ll likely get a pro-rated premium refund from your prior policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Generally, you should contact your mortgage company to find out how to send this money back to your escrow account. While you could keep it, doing so could mean that your escrow will have a shortage and you’ll have to pay higher monthly mortgage payments to rebuild your escrow amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/homeowners-insurance/how-to-change-homeowners-insurance-with-escrow/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to switch homeowners insurance when your escrow pays your premium','','inherit','closed','closed','','3094-revision-v1','','','2023-03-29 05:27:11','2023-03-29 05:27:11','',3094,'http://smartinsurance.tips/?p=3096',0,'revision','',0),(3097,1,'2023-03-29 05:31:22','2023-03-29 05:31:22','<!-- wp:image {\"id\":3098,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-7.png\" alt=\"\" class=\"wp-image-3098\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A salvage title car is one that a car insurance company has determined has such extensive damage that it would cost more to repair than the car is worth. If you own a salvage title car, you often can’t insure it until it’s been rebuilt and inspected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A car could be designated a salvage vehicle if it has been wrecked, destroyed or stolen or has sustained other damage that results in it being considered too costly to repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Situations that may lead to a car being totaled and classified as “salvage” include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Destruction caused by a crash</li><li>Severe damage caused by a flood or hailstorm</li><li>Theft and recovery of a car</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is a Salvage Title?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Each state has different guidelines regarding when a car can officially be totaled. But not all cars declared a total loss will become salvage. Car insurance companies typically make a salvage decision based on state laws and their own internal guidelines.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A salvage title is typically applied to a car if it’s been deemed a total loss by the insurance company due to damage or theft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In Nevada, for example, a salvage title is issued to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>The insurer</strong> when the company declares a vehicle to be a total loss. In some cases, you can buy your salvage title car back from the insurance company But this might result in the insurer deducting the car’s salvage value from your claim settlement amount.</li><li><strong>The lienholder</strong>, or the lender that financed the car’s purchase, if the car isn’t covered by comprehensive and collision coverage.</li><li><strong>The car’s registered owner</strong> if there is no insurance company or lienholder involved and you want to keep the car. Some vehicle owners wind up donating the salvage title car to a charity.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can You Buy Insurance for a Salvage Title Car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many car insurance companies refuse to insure salvage title cars. Others might insure salvage title cars but offer only basic liability car insurance and not other types of coverage, such as comprehensive and collision insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even if you’re able to obtain coverage for the salvage title car, you might find it’s pricey. For example, some insurers might tack on an additional surcharge for salvage title cars. In addition, while the salvage title car may be worth less because of its history, the insurer might not take its depreciated value into account. That means you’ll be paying similar rates to a car that has a clean title and a higher value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is a Rebuilt Title?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once a salvage title car has been rebuilt, you might be able to obtain car insurance from insurers that otherwise were reluctant to sell coverage for the car. In this scenario, a car would need what’s known as a rebuilt title.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Requirements for securing a rebuilt title vary from state to state.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In Michigan, for example, a salvage title car that has been rebuilt is eligible to be titled and registered if it passes inspection by a specially-trained law enforcement officer. After a successful inspection, the state issues a “rebuilt salvage” title that alerts future owners to the car’s status as a formerly totaled vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If a rebuilt salvage car is properly titled, you can most likely buy liability coverage, uninsured motorist coverage and personal injury protection (PIP) coverage. But you might not be able to get comprehensive and collision coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whatever coverage is available, brace yourself for a potentially hefty price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Tips To Avoid Trouble With A Salvage Car</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Experts typically advise against buying a salvage car, in large part because you probably don’t know precisely what you’re purchasing. For this same reason, buying a rebuilt salvage car also might be a gamble. Ideally, you should look for a car with a “clean” title, indicating the car has never been totaled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Following hurricanes, floods and other major disasters, fraudsters often try to sell heavily damaged salvage cars. These may be patched up but still unsafe to drive. Through a scheme known as “title washing,” a seller might alter a title to conceal a car’s salvage status. You might not learn about the car’s salvage history until it’s too late.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To steer clear of a salvage car with a questionable history, follow these tips.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li>Shop at a reputable car dealer.</li><li>Obtain a vehicle history report. One source of these reports is the National Insurance Crime Bureau’s free VINCheck service.</li><li>Have a used car inspected by a trusted mechanic before buying it.</li><li>Ask to see the car’s maintenance records.</li><li>Ask about whether the car has been damaged in a flood, accident or other mishap.</li><li>Do a smell test. If you detect heavy odors from cleaning products, the seller might be trying to mask a problem, such as mold caused by a flood.</li><li>Check the car for evidence of heavy damage. For instance, if you see water stains, mildew, sand or silt, it might be a sign that the car was flooded.</li><li>Walk away if you suspect that someone is attempting to sell you a salvage car without telling you about the vehicle’s past as a total loss.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/car-insurance/salvage-title-vehicle-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Can You Buy Insurance For A Salvage Title Vehicle?','','publish','closed','closed','','can-you-buy-insurance-for-a-salvage-title-vehicle','','','2023-03-29 05:31:22','2023-03-29 05:31:22','',0,'http://smartinsurance.tips/?p=3097',0,'post','',0),(3098,1,'2023-03-29 05:28:06','2023-03-29 05:28:06','','Insurance-7','','inherit','closed','closed','','insurance-7-11','','','2023-03-29 05:28:06','2023-03-29 05:28:06','',3097,'http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-7.png',0,'attachment','image/png',0),(3099,1,'2023-03-29 05:31:22','2023-03-29 05:31:22','<!-- wp:image {\"id\":3098,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-7.png\" alt=\"\" class=\"wp-image-3098\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A salvage title car is one that a car insurance company has determined has such extensive damage that it would cost more to repair than the car is worth. If you own a salvage title car, you often can’t insure it until it’s been rebuilt and inspected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A car could be designated a salvage vehicle if it has been wrecked, destroyed or stolen or has sustained other damage that results in it being considered too costly to repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Situations that may lead to a car being totaled and classified as “salvage” include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Destruction caused by a crash</li><li>Severe damage caused by a flood or hailstorm</li><li>Theft and recovery of a car</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is a Salvage Title?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Each state has different guidelines regarding when a car can officially be totaled. But not all cars declared a total loss will become salvage. Car insurance companies typically make a salvage decision based on state laws and their own internal guidelines.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A salvage title is typically applied to a car if it’s been deemed a total loss by the insurance company due to damage or theft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In Nevada, for example, a salvage title is issued to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>The insurer</strong> when the company declares a vehicle to be a total loss. In some cases, you can buy your salvage title car back from the insurance company But this might result in the insurer deducting the car’s salvage value from your claim settlement amount.</li><li><strong>The lienholder</strong>, or the lender that financed the car’s purchase, if the car isn’t covered by comprehensive and collision coverage.</li><li><strong>The car’s registered owner</strong> if there is no insurance company or lienholder involved and you want to keep the car. Some vehicle owners wind up donating the salvage title car to a charity.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can You Buy Insurance for a Salvage Title Car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many car insurance companies refuse to insure salvage title cars. Others might insure salvage title cars but offer only basic liability car insurance and not other types of coverage, such as comprehensive and collision insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even if you’re able to obtain coverage for the salvage title car, you might find it’s pricey. For example, some insurers might tack on an additional surcharge for salvage title cars. In addition, while the salvage title car may be worth less because of its history, the insurer might not take its depreciated value into account. That means you’ll be paying similar rates to a car that has a clean title and a higher value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is a Rebuilt Title?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once a salvage title car has been rebuilt, you might be able to obtain car insurance from insurers that otherwise were reluctant to sell coverage for the car. In this scenario, a car would need what’s known as a rebuilt title.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Requirements for securing a rebuilt title vary from state to state.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In Michigan, for example, a salvage title car that has been rebuilt is eligible to be titled and registered if it passes inspection by a specially-trained law enforcement officer. After a successful inspection, the state issues a “rebuilt salvage” title that alerts future owners to the car’s status as a formerly totaled vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If a rebuilt salvage car is properly titled, you can most likely buy liability coverage, uninsured motorist coverage and personal injury protection (PIP) coverage. But you might not be able to get comprehensive and collision coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whatever coverage is available, brace yourself for a potentially hefty price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Tips To Avoid Trouble With A Salvage Car</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Experts typically advise against buying a salvage car, in large part because you probably don’t know precisely what you’re purchasing. For this same reason, buying a rebuilt salvage car also might be a gamble. Ideally, you should look for a car with a “clean” title, indicating the car has never been totaled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Following hurricanes, floods and other major disasters, fraudsters often try to sell heavily damaged salvage cars. These may be patched up but still unsafe to drive. Through a scheme known as “title washing,” a seller might alter a title to conceal a car’s salvage status. You might not learn about the car’s salvage history until it’s too late.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To steer clear of a salvage car with a questionable history, follow these tips.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li>Shop at a reputable car dealer.</li><li>Obtain a vehicle history report. One source of these reports is the National Insurance Crime Bureau’s free VINCheck service.</li><li>Have a used car inspected by a trusted mechanic before buying it.</li><li>Ask to see the car’s maintenance records.</li><li>Ask about whether the car has been damaged in a flood, accident or other mishap.</li><li>Do a smell test. If you detect heavy odors from cleaning products, the seller might be trying to mask a problem, such as mold caused by a flood.</li><li>Check the car for evidence of heavy damage. For instance, if you see water stains, mildew, sand or silt, it might be a sign that the car was flooded.</li><li>Walk away if you suspect that someone is attempting to sell you a salvage car without telling you about the vehicle’s past as a total loss.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/car-insurance/salvage-title-vehicle-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Can You Buy Insurance For A Salvage Title Vehicle?','','inherit','closed','closed','','3097-revision-v1','','','2023-03-29 05:31:22','2023-03-29 05:31:22','',3097,'http://smartinsurance.tips/?p=3099',0,'revision','',0),(3100,1,'2023-03-29 05:37:02','2023-03-29 05:37:02','<!-- wp:image {\"id\":3101,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-8.png\" alt=\"\" class=\"wp-image-3101\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your&nbsp;homeowners insurance&nbsp;will cover certain bike-related problems, like theft or vandalism. But if you’re not a homeowner, you can find coverage in other places, such as renters insurance, condo insurance or even a standalone bike insurance policy. Pedal along as we examine the numerous spokes of bicycle insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Are Bicycles Insured?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bicycles are typically insured under the personal property section of a homeowners insurance, condo insurance or&nbsp;renters insurance&nbsp;policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Theft and vandalism</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your bike is stolen or vandalized, you are covered under your home, renters or condo insurance policy. The claim amount depends on if you chose&nbsp;replacement cost or actual cash value&nbsp;(ACV) coverage. Replacement cost will pay for a new bike of a similar model. ACV pays only for the depreciated value of your bike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An&nbsp;insurance deductible&nbsp;will apply in cases of theft or vandalism. The deductible is the amount that is deducted from an insurance claim check. For example, if your bike is worth $1,000 and you have a $500 deductible, you will get a $500 claim check ($1,000 – $500 = $500).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Bicycle damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your bike is damaged, how it’s covered by your home,&nbsp;condo insurance&nbsp;or renters insurance depends on the situation. Here’s a look at how a few scenarios might be covered:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Your bike is damaged in a car accident while you are transporting it.</strong>&nbsp;Your home, condo or renters insurance policy will cover you, up to your policy limits and your deductible will apply.</li><li><strong>Another driver crashes into your bike</strong>. If another driver crashes into your bike, you can file a claim against their&nbsp;liability car insurance.</li><li><strong>Your bike is destroyed in a house fire.</strong>&nbsp;Fire is a problem covered by your home, renters and condo insurance. The cost to replace your bike will be covered, up to your policy limits, and your deductible will apply.</li><li><strong>You crash your bike.</strong>&nbsp;If you crash into an object like a tree or car, you typically won’t be covered under a home, condo or renters insurance policy for the bike damage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Bike-Related Injuries</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you are injured in a bike accident, you may be covered, depending on the scenario:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>A driver crashes into you</strong>. Your medical expenses can be covered under the driver’s liability&nbsp;car insurance. If the driver is uninsured, your health insurance can cover your medical bills. You may also have coverage under the&nbsp;personal injury protection&nbsp;(PIP) portion of your car insurance policy, depending on your state.</li><li><strong>You crash into an object</strong>. If you hit an object like a tree or car, your health insurance will cover your medical expenses.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Injury to others</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you accidentally crash into someone and cause injuries, their medical expenses can be covered under the liability portion of your home, condo or renters insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Property damage to others</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you crash into someone else’s property and cause damage, such as denting a car, the liability portion of your home, condo or renters insurance may cover the property damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">When Do I Need Separate Bicycle Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Insurance Information Institute suggests that if you own an expensive bike, you should ask about an add-on to homeowners or renters insurance, known as an endorsement, that allows you to&nbsp;schedule personal property. This boosts your coverage. You also can explore a standalone bike insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bike insurance policies usually provide broader and deeper coverage than homeowners or renters insurance policies do. For example, Markel says one of its bike insurance policies covers things like crash damage, roadside assistance, spare parts and replacement-bike rentals, whereas a typical homeowners or renters insurance does not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Trusted Choice, a network of independent insurance agents, says you should look into standalone bike insurance if:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>You spent a lot of money on your bike. An everyday bike might cost roughly $200 to $700, while a specialty bike can go for more than $1,000.</li><li>You frequently ride off-road, potentially placing your bike at greater risk.</li><li>You compete at cycling events.</li><li>You own a bike that’s been specially designed, upgraded or modified.</li><li>You lack homeowners or renters insurance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Much Does Bike Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can find a standalone bike insurance policy for about $100 to $300 a year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Markel and another bike insurer, Veloinsurance, say their annual premiums start at $100. Markel’s average bicycle insurance policy costs $250 to $300 a year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Should You File a Claim if Your Bike Is Stolen or Damaged?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your bicycle claim is less than or only slightly more than your insurance deductible, you may not want to file a claim. For example, if your bike was worth $600 before it was destroyed but your homeowners policy has a $500 deductible, it doesn’t make financial sense to file an insurance claim. A claim is likely to increase your home insurance premium, and you would only get $100 from your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.forbes.com/advisor/homeowners-insurance/bike-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Do You Need Bike Insurance For Your Bicycle?','','publish','closed','closed','','do-you-need-bike-insurance-for-your-bicycle','','','2023-04-03 16:45:22','2023-04-03 16:45:22','',0,'http://smartinsurance.tips/?p=3100',0,'post','',0),(3101,1,'2023-03-29 05:32:10','2023-03-29 05:32:10','','Insurance-8','','inherit','closed','closed','','insurance-8-10','','','2023-03-29 05:32:10','2023-03-29 05:32:10','',3100,'http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-8.png',0,'attachment','image/png',0),(3115,1,'2023-04-03 16:45:22','2023-04-03 16:45:22','<!-- wp:image {\"id\":3101,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-8.png\" alt=\"\" class=\"wp-image-3101\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your&nbsp;homeowners insurance&nbsp;will cover certain bike-related problems, like theft or vandalism. But if you’re not a homeowner, you can find coverage in other places, such as renters insurance, condo insurance or even a standalone bike insurance policy. Pedal along as we examine the numerous spokes of bicycle insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Are Bicycles Insured?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bicycles are typically insured under the personal property section of a homeowners insurance, condo insurance or&nbsp;renters insurance&nbsp;policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Theft and vandalism</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your bike is stolen or vandalized, you are covered under your home, renters or condo insurance policy. The claim amount depends on if you chose&nbsp;replacement cost or actual cash value&nbsp;(ACV) coverage. Replacement cost will pay for a new bike of a similar model. ACV pays only for the depreciated value of your bike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An&nbsp;insurance deductible&nbsp;will apply in cases of theft or vandalism. The deductible is the amount that is deducted from an insurance claim check. For example, if your bike is worth $1,000 and you have a $500 deductible, you will get a $500 claim check ($1,000 – $500 = $500).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Bicycle damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your bike is damaged, how it’s covered by your home,&nbsp;condo insurance&nbsp;or renters insurance depends on the situation. Here’s a look at how a few scenarios might be covered:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Your bike is damaged in a car accident while you are transporting it.</strong>&nbsp;Your home, condo or renters insurance policy will cover you, up to your policy limits and your deductible will apply.</li><li><strong>Another driver crashes into your bike</strong>. If another driver crashes into your bike, you can file a claim against their&nbsp;liability car insurance.</li><li><strong>Your bike is destroyed in a house fire.</strong>&nbsp;Fire is a problem covered by your home, renters and condo insurance. The cost to replace your bike will be covered, up to your policy limits, and your deductible will apply.</li><li><strong>You crash your bike.</strong>&nbsp;If you crash into an object like a tree or car, you typically won’t be covered under a home, condo or renters insurance policy for the bike damage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Bike-Related Injuries</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you are injured in a bike accident, you may be covered, depending on the scenario:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>A driver crashes into you</strong>. Your medical expenses can be covered under the driver’s liability&nbsp;car insurance. If the driver is uninsured, your health insurance can cover your medical bills. You may also have coverage under the&nbsp;personal injury protection&nbsp;(PIP) portion of your car insurance policy, depending on your state.</li><li><strong>You crash into an object</strong>. If you hit an object like a tree or car, your health insurance will cover your medical expenses.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Injury to others</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you accidentally crash into someone and cause injuries, their medical expenses can be covered under the liability portion of your home, condo or renters insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Property damage to others</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you crash into someone else’s property and cause damage, such as denting a car, the liability portion of your home, condo or renters insurance may cover the property damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">When Do I Need Separate Bicycle Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Insurance Information Institute suggests that if you own an expensive bike, you should ask about an add-on to homeowners or renters insurance, known as an endorsement, that allows you to&nbsp;schedule personal property. This boosts your coverage. You also can explore a standalone bike insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bike insurance policies usually provide broader and deeper coverage than homeowners or renters insurance policies do. For example, Markel says one of its bike insurance policies covers things like crash damage, roadside assistance, spare parts and replacement-bike rentals, whereas a typical homeowners or renters insurance does not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Trusted Choice, a network of independent insurance agents, says you should look into standalone bike insurance if:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>You spent a lot of money on your bike. An everyday bike might cost roughly $200 to $700, while a specialty bike can go for more than $1,000.</li><li>You frequently ride off-road, potentially placing your bike at greater risk.</li><li>You compete at cycling events.</li><li>You own a bike that’s been specially designed, upgraded or modified.</li><li>You lack homeowners or renters insurance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Much Does Bike Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can find a standalone bike insurance policy for about $100 to $300 a year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Markel and another bike insurer, Veloinsurance, say their annual premiums start at $100. Markel’s average bicycle insurance policy costs $250 to $300 a year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Should You File a Claim if Your Bike Is Stolen or Damaged?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your bicycle claim is less than or only slightly more than your insurance deductible, you may not want to file a claim. For example, if your bike was worth $600 before it was destroyed but your homeowners policy has a $500 deductible, it doesn’t make financial sense to file an insurance claim. A claim is likely to increase your home insurance premium, and you would only get $100 from your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.forbes.com/advisor/homeowners-insurance/bike-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Do You Need Bike Insurance For Your Bicycle?','','inherit','closed','closed','','3100-revision-v1','','','2023-04-03 16:45:22','2023-04-03 16:45:22','',3100,'http://smartinsurance.tips/?p=3115',0,'revision','',0),(3102,1,'2023-03-29 05:37:02','2023-03-29 05:37:02','<!-- wp:image {\"id\":3101,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-8.png\" alt=\"\" class=\"wp-image-3101\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your homeowners insurance will cover certain bike-related problems, like theft or vandalism. But if you’re not a homeowner, you can find coverage in other places, such as renters insurance, condo insurance or even a standalone bike insurance policy. Pedal along as we examine the numerous spokes of bicycle insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Are Bicycles Insured?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bicycles are typically insured under the personal property section of a homeowners insurance, condo insurance or renters insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Theft and vandalism</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your bike is stolen or vandalized, you are covered under your home, renters or condo insurance policy. The claim amount depends on if you chose replacement cost or actual cash value (ACV) coverage. Replacement cost will pay for a new bike of a similar model. ACV pays only for the depreciated value of your bike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An insurance deductible will apply in cases of theft or vandalism. The deductible is the amount that is deducted from an insurance claim check. For example, if your bike is worth $1,000 and you have a $500 deductible, you will get a $500 claim check ($1,000 – $500 = $500).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Bicycle damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your bike is damaged, how it’s covered by your home, condo insurance or renters insurance depends on the situation. Here’s a look at how a few scenarios might be covered:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Your bike is damaged in a car accident while you are transporting it.</strong> Your home, condo or renters insurance policy will cover you, up to your policy limits and your deductible will apply.</li><li><strong>Another driver crashes into your bike</strong>. If another driver crashes into your bike, you can file a claim against their liability car insurance.</li><li><strong>Your bike is destroyed in a house fire.</strong> Fire is a problem covered by your home, renters and condo insurance. The cost to replace your bike will be covered, up to your policy limits, and your deductible will apply.</li><li><strong>You crash your bike.</strong> If you crash into an object like a tree or car, you typically won’t be covered under a home, condo or renters insurance policy for the bike damage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Bike-Related Injuries</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you are injured in a bike accident, you may be covered, depending on the scenario:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>A driver crashes into you</strong>. Your medical expenses can be covered under the driver’s liability car insurance. If the driver is uninsured, your health insurance can cover your medical bills. You may also have coverage under the personal injury protection (PIP) portion of your car insurance policy, depending on your state.</li><li><strong>You crash into an object</strong>. If you hit an object like a tree or car, your health insurance will cover your medical expenses.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Injury to others</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you accidentally crash into someone and cause injuries, their medical expenses can be covered under the liability portion of your home, condo or renters insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Property damage to others</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you crash into someone else’s property and cause damage, such as denting a car, the liability portion of your home, condo or renters insurance may cover the property damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">When Do I Need Separate Bicycle Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Insurance Information Institute suggests that if you own an expensive bike, you should ask about an add-on to homeowners or renters insurance, known as an endorsement, that allows you to schedule personal property. This boosts your coverage. You also can explore a standalone bike insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bike insurance policies usually provide broader and deeper coverage than homeowners or renters insurance policies do. For example, Markel says one of its bike insurance policies covers things like crash damage, roadside assistance, spare parts and replacement-bike rentals, whereas a typical homeowners or renters insurance does not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Trusted Choice, a network of independent insurance agents, says you should look into standalone bike insurance if:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>You spent a lot of money on your bike. An everyday bike might cost roughly $200 to $700, while a specialty bike can go for more than $1,000.</li><li>You frequently ride off-road, potentially placing your bike at greater risk.</li><li>You compete at cycling events.</li><li>You own a bike that’s been specially designed, upgraded or modified.</li><li>You lack homeowners or renters insurance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Much Does Bike Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can find a standalone bike insurance policy for about $100 to $300 a year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Markel and another bike insurer, Veloinsurance, say their annual premiums start at $100. Markel’s average bicycle insurance policy costs $250 to $300 a year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Should You File a Claim if Your Bike Is Stolen or Damaged?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your bicycle claim is less than or only slightly more than your insurance deductible, you may not want to file a claim. For example, if your bike was worth $600 before it was destroyed but your homeowners policy has a $500 deductible, it doesn’t make financial sense to file an insurance claim. A claim is likely to increase your home insurance premium, and you would only get $100 from your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How to Find the Best Bicycle Insurance for You</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To find the best bicycle insurance, a good place to start is with a policy you may already have. Your home, renters or condo insurance policy covers your bicycle for certain problems, such as theft and vandalism, up to your policy limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you own an expensive bike or your home, renters or condo insurance policy is insufficient for your needs, consider a standalone bicycle insurance policy. These types of policies typically have broader coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Before you buy a standalone policy, compare coverage options and get quotes to find the best bicycle insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are some companies that sell bicycle insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Markel</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Markel’s bicycle insurance will pay the full value of your bike if it is stolen or damaged due to a problem covered by the policy. The company also sells coverage types such as replacement bike rental, event fee reimbursement, racing coverage, electric bike coverage and crash damage coverage. You can also get medical payments coverage if you are hurt while riding, with limits ranging from $1,000 to $10,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Markel offers liability coverage in amounts that range from $25,000 to $300,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Simple Bike Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Simple Bike Insurance covers your bike at full value if it is stolen or damaged due to a problem covered by the policy. You can buy coverage types such as spare parts coverage, racing coverage and replacement bicycle rentals. You can get medical payments coverage up to $10,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Simple Bike offers liability coverage up to $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Spoke</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Spoke bicycle insurance sells coverage for different types of bikes, including mountain bikes, electric bikes, triathlons, commuter bikes and road bikes. You can buy coverage types such as spare parts and accessories, theft protection and replacement cost coverage which pays the full value of your bike if it’s stolen or damaged due to a problem covered by your policy. You can also buy medical payment coverage in amounts ranging from $1,000 to $10,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Spoke offers liability coverage in amounts ranging from $25,000 to $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Sundays Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sundays bicycle insurance is for road bikes, mountain bikes and electronic bikes, up to $21,500 for each bike in your collection. You can buy coverage types such as accidental damage, racing and event coverage, and coverage for customized parts. You can also get up to $1,000 coverage for emergency medical expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sundays does not offer liability coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Velosurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Velosurance bicycle insurance will pay the full value of your bike if it is stolen or damaged due to a problem covered by the policy. The company sells additional coverage types like crash and accidental damage coverage, damage or loss in transit and electric bike coverage. You can get medical coverage to pay for the deductible of your personal health insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Velosurance offers liability coverage in amounts of $25,000, $50,000 or $100,000 per occurrence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/homeowners-insurance/bike-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Do You Need Bike Insurance For Your Bicycle?','','inherit','closed','closed','','3100-revision-v1','','','2023-03-29 05:37:02','2023-03-29 05:37:02','',3100,'http://smartinsurance.tips/?p=3102',0,'revision','',0),(3103,1,'2023-03-29 05:40:12','2023-03-29 05:40:12','<!-- wp:image {\"id\":3104,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-9.png\" alt=\"\" class=\"wp-image-3104\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are three main components to homeowners insurance: dwelling coverage, personal property coverage, and personal liability coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your possessions are covered under personal property coverage. How do drones, a relatively new type of tech device, factor into your insurance coverage?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"does-homeowners-insurance-cover-recreational-drones?\"><strong>Does homeowners insurance cover recreational drones?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners insurance\'s personal property coverage protects your personal belongings and furnishings from damage due to covered events, known as insurance perils. A peril is an event that may damage your home or belongings. Common insurance perils include: theft, fire, lightning, hail, and vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your personal drone is damaged by an insurance peril like theft, homeowners insurance would cover it. However, if you use the drone for a commercial or business use, homeowners insurance will not cover it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are limits to standard personal property coverage depending on your policy and insurance carrier, usually $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"does-homeowners-insurance-cover-damage-a-drone-causes-to-other-people\'s-property?\"><strong>Does homeowners insurance cover damage a drone causes to other people\'s property?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners insurance offers personal liability protection if someone is injured at your property or sues for damages. There are limits to standard personal liability coverage depending on your policy and insurance carrier, usually $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your recreational drone damages your neighbor\'s property or injures someone and they sue you, personal liability coverage will protect you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If someone is injured by your drone, be sure to file a claim with your homeowners insurance in a timely manner.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"filing-a-claim-with-your-homeowners-insurance\"><strong>Filing a claim with your homeowners insurance</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Treat stolen or damaged possessions like a car accident and follow these steps to report and file a claim. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li>Notify the police and file a police report if it is due to theft. Your insurance company may request a copy of the police report.</li><li>Take pictures of damaged possessions and what caused the damage (fire, storm, etc).</li><li>Contact your homeowners insurance company. Failure to timely notify your insurance provider can result in denying the claim. </li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.businessinsider.com/personal-finance/does-homeowners-insurance-cover-recreational-drones\">click here.</a></p>\n<!-- /wp:paragraph -->','Does homeowners insurance cover drone damage and theft?','','publish','closed','closed','','does-homeowners-insurance-cover-drone-damage-and-theft','','','2023-03-29 05:40:12','2023-03-29 05:40:12','',0,'http://smartinsurance.tips/?p=3103',0,'post','',0),(3104,1,'2023-03-29 05:37:57','2023-03-29 05:37:57','','Insurance-9','','inherit','closed','closed','','insurance-9-9','','','2023-03-29 05:37:57','2023-03-29 05:37:57','',3103,'http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-9.png',0,'attachment','image/png',0),(3105,1,'2023-03-29 05:40:12','2023-03-29 05:40:12','<!-- wp:image {\"id\":3104,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-9.png\" alt=\"\" class=\"wp-image-3104\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are three main components to homeowners insurance: dwelling coverage, personal property coverage, and personal liability coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your possessions are covered under personal property coverage. How do drones, a relatively new type of tech device, factor into your insurance coverage?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"does-homeowners-insurance-cover-recreational-drones?\"><strong>Does homeowners insurance cover recreational drones?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners insurance\'s personal property coverage protects your personal belongings and furnishings from damage due to covered events, known as insurance perils. A peril is an event that may damage your home or belongings. Common insurance perils include: theft, fire, lightning, hail, and vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your personal drone is damaged by an insurance peril like theft, homeowners insurance would cover it. However, if you use the drone for a commercial or business use, homeowners insurance will not cover it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are limits to standard personal property coverage depending on your policy and insurance carrier, usually $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"does-homeowners-insurance-cover-damage-a-drone-causes-to-other-people\'s-property?\"><strong>Does homeowners insurance cover damage a drone causes to other people\'s property?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners insurance offers personal liability protection if someone is injured at your property or sues for damages. There are limits to standard personal liability coverage depending on your policy and insurance carrier, usually $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your recreational drone damages your neighbor\'s property or injures someone and they sue you, personal liability coverage will protect you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If someone is injured by your drone, be sure to file a claim with your homeowners insurance in a timely manner.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"filing-a-claim-with-your-homeowners-insurance\"><strong>Filing a claim with your homeowners insurance</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Treat stolen or damaged possessions like a car accident and follow these steps to report and file a claim. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li>Notify the police and file a police report if it is due to theft. Your insurance company may request a copy of the police report.</li><li>Take pictures of damaged possessions and what caused the damage (fire, storm, etc).</li><li>Contact your homeowners insurance company. Failure to timely notify your insurance provider can result in denying the claim. </li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.businessinsider.com/personal-finance/does-homeowners-insurance-cover-recreational-drones\">click here.</a></p>\n<!-- /wp:paragraph -->','Does homeowners insurance cover drone damage and theft?','','inherit','closed','closed','','3103-revision-v1','','','2023-03-29 05:40:12','2023-03-29 05:40:12','',3103,'http://smartinsurance.tips/?p=3105',0,'revision','',0),(3187,1,'2023-05-29 16:13:02','2023-05-29 16:13:02','','My-project-1-28','','inherit','closed','closed','','my-project-1-28','','','2023-05-29 16:13:02','2023-05-29 16:13:02','',3186,'http://smartinsurance.tips/wp-content/uploads/2023/05/My-project-1-28.png',0,'attachment','image/png',0),(3107,1,'2023-03-29 05:46:16','2023-03-29 05:46:16','<!-- wp:image {\"id\":3108,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-10.png\" alt=\"\" class=\"wp-image-3108\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Renting your home can be lucrative, but your homeowners insurance policy may not automatically cover home sharing. Before you open your home to temporary guests, protect your property against damage and yourself against personal liability claims with the right insurance coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Being an Airbnb host can help generate extra income and utilize otherwise empty residential space - but what if something happens to your property?</li><li>Airbnb does offer up to $1 million of its own coverage per rental, but that may not cover everything, and making a claim can be complicated.</li><li>Most standard homeowners insurance policies exclude short-term rentals.</li><li>Several specialty policies are now being offered that help insure against the unique risks posed by short-term rentals.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">Homeowners Insurance and Home Sharing</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Homeowners insurance generally covers the cost of repairing damage to your home caused by fire, wind, or certain other natural disasters. It also offers personal liability protection in case someone is injured while on your property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">With home sharing, the rules are much less black and white. According to the Insurance Information Institute, some insurance companies will allow you to extend your homeowners coverage to a short-term rental if it’s a one-time event and you notify the insurer ahead of time. Other companies, however, may require you to purchase a specific endorsement, which is added on to your existing policy to cover a temporary rental. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-9\">When Home Sharing Is a Business</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-10\">If you’re renting out part of your home on a regular basis to generate income, the insurance company generally views that as business activity, which is not covered by a homeowners policy. Instead, you’d need to purchase business insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">If you’re planning to rent the entire home for an extended period of time, you\'ll need landlord insurance, as well. Landlord insurance covers the home itself as well as any structures that are on the property, such as a garage or shed. These policies typically cover you for losses such as fire or wind damage, but they won\'t reimburse you for damage caused by normal wear and tear or for the loss of your tenant’s personal </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-14\">Home Sharing As a Renter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-15\">You’ll also need to cover your insurance bases if you’re a renter and subletting to someone else. First things first: You have to be sure that your landlord allows you to sublet. From there, you need to check with your renter’s insurance company to see if your coverage would apply to someone who’s subletting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-17\">If you’re not planning to live in the rental while you’re subletting, the sublessee would need his or her own renter’s insurance. Keep in mind that if the sublessee damages any of your personal belongings&nbsp;while you’re away, your renter’s policy may not cover it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-19\">Which Companies Offer Home-Sharing Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">In response to the growth of the home-sharing industry, a handful of insurance companies are moving toward expanding coverage for homeowners who rent out their homes through Airbnb and similar sites. Here are four examples:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-22\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Liberty Mutual—</strong>Liberty Mutual policyholders can extend their current&nbsp;policy through Liberty Mutual HomeSharing Coverage if&nbsp;they share their home for more than 31 days.&nbsp;</li><li><strong>Verisk Analytics ISO—</strong>Insurance Service Offices Inc. (ISO), a subsidiary of Verisk Analytics, offers&nbsp;options to address the unique risks homeowners face when renting their homes online. Offered coverage includes liability, theft, vandalism, and damage to guests’ property.</li><li><strong>Allstate—</strong>The company’s HostAdvantage Home-Sharing insurance is special coverage that protects your personal belongings when renting out your home. For example, you’d be covered if a renter steals something or if a burglar breaks in while you’re gone. You’d also be covered if a renter accidentally damages your furniture or carpet.</li><li><strong>Airbnb—</strong>Airbnb&nbsp;offers&nbsp;Host Protection Insurance. This policy provides you with up to $1 million of coverage against third-party claims of bodily injury or property damage. This is different from the Host Guarantee, which offers up to $1 million in coverage for damages to your personal property or the home itself.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-24\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">It’s vital that you do your research before jumping on the home-sharing bandwagon. If you’re renting out your home on a consistent basis, for example, your insurance company could drop you as policyholder if it considers that to be business activity. Even if you’re renting your home just once, you can’t afford to jeopardize your coverage. Talking to your insurance company about what is and isn’t included in your policy can help you determine what’s needed to fill the gaps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/insurance/120816/does-your-homeowners-insurance-cover-airbnb.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Your Homeowner’s Insurance Cover Airbnb?','','publish','closed','closed','','does-your-homeowners-insurance-cover-airbnb','','','2023-03-29 05:46:16','2023-03-29 05:46:16','',0,'http://smartinsurance.tips/?p=3107',0,'post','',0),(3108,1,'2023-03-29 05:41:14','2023-03-29 05:41:14','','Insurance-10','','inherit','closed','closed','','insurance-10-10','','','2023-03-29 05:41:14','2023-03-29 05:41:14','',3107,'http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-10.png',0,'attachment','image/png',0),(3109,1,'2023-03-29 05:46:16','2023-03-29 05:46:16','<!-- wp:image {\"id\":3108,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-10.png\" alt=\"\" class=\"wp-image-3108\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Renting your home can be lucrative, but your homeowners insurance policy may not automatically cover home sharing. Before you open your home to temporary guests, protect your property against damage and yourself against personal liability claims with the right insurance coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Being an Airbnb host can help generate extra income and utilize otherwise empty residential space - but what if something happens to your property?</li><li>Airbnb does offer up to $1 million of its own coverage per rental, but that may not cover everything, and making a claim can be complicated.</li><li>Most standard homeowners insurance policies exclude short-term rentals.</li><li>Several specialty policies are now being offered that help insure against the unique risks posed by short-term rentals.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">Homeowners Insurance and Home Sharing</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Homeowners insurance generally covers the cost of repairing damage to your home caused by fire, wind, or certain other natural disasters. It also offers personal liability protection in case someone is injured while on your property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">With home sharing, the rules are much less black and white. According to the Insurance Information Institute, some insurance companies will allow you to extend your homeowners coverage to a short-term rental if it’s a one-time event and you notify the insurer ahead of time. Other companies, however, may require you to purchase a specific endorsement, which is added on to your existing policy to cover a temporary rental. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-9\">When Home Sharing Is a Business</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-10\">If you’re renting out part of your home on a regular basis to generate income, the insurance company generally views that as business activity, which is not covered by a homeowners policy. Instead, you’d need to purchase business insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">If you’re planning to rent the entire home for an extended period of time, you\'ll need landlord insurance, as well. Landlord insurance covers the home itself as well as any structures that are on the property, such as a garage or shed. These policies typically cover you for losses such as fire or wind damage, but they won\'t reimburse you for damage caused by normal wear and tear or for the loss of your tenant’s personal </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-14\">Home Sharing As a Renter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-15\">You’ll also need to cover your insurance bases if you’re a renter and subletting to someone else. First things first: You have to be sure that your landlord allows you to sublet. From there, you need to check with your renter’s insurance company to see if your coverage would apply to someone who’s subletting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-17\">If you’re not planning to live in the rental while you’re subletting, the sublessee would need his or her own renter’s insurance. Keep in mind that if the sublessee damages any of your personal belongings&nbsp;while you’re away, your renter’s policy may not cover it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-19\">Which Companies Offer Home-Sharing Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">In response to the growth of the home-sharing industry, a handful of insurance companies are moving toward expanding coverage for homeowners who rent out their homes through Airbnb and similar sites. Here are four examples:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-22\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Liberty Mutual—</strong>Liberty Mutual policyholders can extend their current&nbsp;policy through Liberty Mutual HomeSharing Coverage if&nbsp;they share their home for more than 31 days.&nbsp;</li><li><strong>Verisk Analytics ISO—</strong>Insurance Service Offices Inc. (ISO), a subsidiary of Verisk Analytics, offers&nbsp;options to address the unique risks homeowners face when renting their homes online. Offered coverage includes liability, theft, vandalism, and damage to guests’ property.</li><li><strong>Allstate—</strong>The company’s HostAdvantage Home-Sharing insurance is special coverage that protects your personal belongings when renting out your home. For example, you’d be covered if a renter steals something or if a burglar breaks in while you’re gone. You’d also be covered if a renter accidentally damages your furniture or carpet.</li><li><strong>Airbnb—</strong>Airbnb&nbsp;offers&nbsp;Host Protection Insurance. This policy provides you with up to $1 million of coverage against third-party claims of bodily injury or property damage. This is different from the Host Guarantee, which offers up to $1 million in coverage for damages to your personal property or the home itself.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-24\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">It’s vital that you do your research before jumping on the home-sharing bandwagon. If you’re renting out your home on a consistent basis, for example, your insurance company could drop you as policyholder if it considers that to be business activity. Even if you’re renting your home just once, you can’t afford to jeopardize your coverage. Talking to your insurance company about what is and isn’t included in your policy can help you determine what’s needed to fill the gaps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/insurance/120816/does-your-homeowners-insurance-cover-airbnb.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Your Homeowner’s Insurance Cover Airbnb?','','inherit','closed','closed','','3107-revision-v1','','','2023-03-29 05:46:16','2023-03-29 05:46:16','',3107,'http://smartinsurance.tips/?p=3109',0,'revision','',0),(3111,1,'2023-03-30 01:04:41','2023-03-30 01:04:41','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Taking advantage of lesser-known homeowners insurance discounts and other creative approaches can help you save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3086,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-3.png\" alt=\"\" class=\"wp-image-3086\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners insurance rarely gets much attention, but it could be quietly costing you more money than it should.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The good news is that insurers provide a variety of discounts and incentives that can help you lower your homeowners insurance premium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are nine ways to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Raise your deductible</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A quick way to reduce your premium is to raise your homeowners insurance deductible, the amount you pay if you have to make a claim. If you had, say, a $1,000 deductible, you could save an average of 12% a year by increasing it to $2,500, according to NerdWallet\'s rate analysis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Raising your deductible puts money in your pocket every month that otherwise would have gone to your insurer. Just be sure you have enough saved to cover a bigger out-of-pocket expense if you need to make a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. Make your home more secure</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even the basics can save you money when it comes to home security.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Having a smoke detector, burglar alarm or deadbolt locks on your home can earn you a 5% discount, says Mark Friedlander, spokesperson for the Insurance Information Institute. Adding a comprehensive sprinkler system along with an actively monitored fire and burglar alarm could save you as much as 15% to 20%, he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Skip small claims</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may be tempting to file a claim with your insurer even when something relatively minor happens, but you may be better off in the long run if you pay out of pocket for these smaller expenses. That’s because some insurers offer discounts if you remain claim-free for a certain period of time, usually a few years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">How much can filing a claim affect your rates? Submitting a claim for wind damage raises your annual cost of insurance by about 9%, on average, according to a recent NerdWallet analysis. A water claim costs you even more, raising your annual rate by about 19%, on average. If your claim is relatively minor, you could end up paying more in rate increases than the insurer pays out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. Ask about lesser-known discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Unless you check, you may never know what other savings you might be eligible for. Some insurers offer additional homeowners insurance discounts if you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Don’t have any smokers living in the house.</li><li>Recently bought your home.</li><li>Pay your premium via automatic bank payments.</li><li>Choose paperless billing.</li><li>Work in a specific career, such as teaching, engineering or firefighting.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. Account for home improvements</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you\'ve improved your home, you may have made yourself eligible for homeowners insurance discounts without even realizing it. Adding features such as storm shutters and impact-resistant roofing — which make your house tougher to damage — could result in insurance savings. You might also earn a discount by upgrading outdated plumbing and electrical systems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“You can often request a new inspection of your home to evaluate these improvements to maximize your potential discounts,” says Jessica Hanna, spokesperson for the American Property Casualty Insurance Association.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">6. Bundle your auto and home insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bundling auto and home insurance with the same company typically saves you 5% to 15% on your homeowners premium, according to data from the Insurance Information Institute. Although it could vary depending on your company, many insurers provide discounts if you buy more than one type of policy from them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">7. Build your credit score</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may surprise you to learn that your credit score can have a substantial impact on your home insurance premium. That’s because in most states, companies can use a credit-based insurance score to determine your rates. If your insurer thinks your credit score is too low — such as a FICO score under 630 — you may pay higher rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you find that your credit score is low, read your credit report closely to identify any errors. You can elevate your score by taking steps like paying bills on time and reducing credit card balances. Learn more about how to build credit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">8. Get rid of high-risk stuff</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even though it may be fun, having something deemed an “attractive nuisance” by your insurer — think trampolines, swimming pools or playground equipment — can add to your homeowners insurance premium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An attractive nuisance is a feature on your property that children could be tempted to play on. If they get injured while doing so, you could be held legally responsible. Because insurers consider this a liability risk, getting rid of those items could save you money on homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.nerdwallet.com/article/insurance/save-on-homeowners-insurance?trk_channel=web&amp;trk_copy=9%20Ways%20to%20Lower%20Homeowners%20Insurance%20Rates&amp;trk_element=hyperlink&amp;trk_elementPosition=1&amp;trk_location=PostList&amp;trk_subLocation=image-list\">click here.</a></p>\n<!-- /wp:paragraph -->','Ways to Lower Homeowners Insurance Rates','','inherit','closed','closed','','3085-revision-v1','','','2023-03-30 01:04:41','2023-03-30 01:04:41','',3085,'http://smartinsurance.tips/?p=3111',0,'revision','',0),(3112,1,'2023-03-30 01:11:37','2023-03-30 01:11:37','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Modern cars are put through rigorous testing to meet federal safety standards, but there are steps you can take to protect occupants.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3077,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/eqGYMD0.png\" alt=\"\" class=\"wp-image-3077\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Panoramic sunroofs have become a common and desirable feature on new cars and SUVs, with the expansive glass making them feel more spacious. But thousands of people are killed each year in rollover crashes, so it is fair to ask whether these glass roofs are safe in rollover collisions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you look at the overall structural integrity of a vehicle, keep in mind that engineers use stringent performance standards and testing when building a car. Safeguards are developed to then protect against both common and uncommon crash situations. The government scrutinizes car models with crash tests designed to identify structural weaknesses and ensure that all volume production vehicles provide a prescribed level of protection. The Insurance Institute for Highway Safety also&nbsp;rates vehicles for roof strength&nbsp;as part of its vehicle ratings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">That said, government crash-test results have shown that the effect of a sunroof is insignificant to the overall strength of the roof. The structure of a car consists of a strong steel frame wrapped by&nbsp;relatively thin metal panels. That steel frame is what is helping to keep you safe. The high-strength steel used in the pillars that hold up the roof—called A, B, C, and D pillars, based on their location—is where the energy is being absorbed in a crash—not the center of the roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.consumerreports.org/car-safety/is-a-panoramic-sunroof-safe-in-a-rollover-crash-a6132612300/\">click here.</a></p>\n<!-- /wp:paragraph -->','Is a Panoramic Sunroof Safe in a Rollover Crash?','','inherit','closed','closed','','3076-revision-v1','','','2023-03-30 01:11:37','2023-03-30 01:11:37','',3076,'http://smartinsurance.tips/?p=3112',0,'revision','',0),(3113,1,'2023-03-30 01:12:46','2023-03-30 01:12:46','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">How to weigh buying a home with cash instead of a mortgage?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3080,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-1.png\" alt=\"\" class=\"wp-image-3080\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0\">Cash vs. Mortgage: An Overview</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"large\"} -->\n<p class=\"has-large-font-size\" id=\"mntl-sc-block_1-0-1\">Everywhere you turn, you hear how bad it is to carry debt. So naturally, it\'s logical to think that buying a home with cash—or sinking as much cash as possible into your home to avoid the massive debt associated with a&nbsp;mortgage—is the smartest choice for your financial health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-3\">But there\'s a lot to consider when contemplating purchasing a home outright versus&nbsp;financing&nbsp;it. Here are some of the major differences between using cash and taking out a mortgage to buy a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Paying cash for a home means you won\'t have to pay interest on a loan and any closing costs.</li><li>Paying off your mortgage (or not having one in the first place) provides a significant emotional relief that shouldn\'t be discounted.</li><li>Investing your cash in the stock market, especially in a tax-advantaged account, will leave you with a higher net worth than paying off your mortgage faster.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-10\">Benefits of Cash</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">Paying cash for a home eliminates the need to pay interest on the loan and any&nbsp;closing costs. \"There are no mortgage&nbsp;origination&nbsp;fees, appraisal fees, or other fees charged by lenders to assess buyers,\" says&nbsp;Robert Semrad, JD, senior partner and founder of DebtStoppers Bankruptcy Law Firm, headquartered in Chicago.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-13\">Paying with cash is usually more attractive to sellers, too. \"In a competitive market, a seller is likely to take a cash offer over other offers because they don\'t have to worry about a buyer backing out due to financing being denied,\" says&nbsp;Peter Grabel, managing director, MLO Luxury Mortgage Corp. in Stamford, Conn. A cash home purchase also has the flexibility of closing faster (if desired) than one involving loans, which could be attractive to a seller.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-15\">These benefits to the seller shouldn\'t come without a price. \"A cash buyer might be able to obtain the property for a lower price and receive a \'cash discount\' of sorts,\" says Grabel. A cash buyer could also purchase a home for cash and then still choose to do a&nbsp;cash-out refinance&nbsp;later after they have already closed on the home purchase. This allows them to get the best of both worlds: an easier home-buying process in a hot housing market with multiple competing offers and the long-term financial benefits of taking out a low-interest mortgage while investing their money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A cash buyer\'s home is not&nbsp;leveraged, which allows a homeowner to sell the house more easily—even at a loss—regardless of market conditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-19\">Is a Mortgage Better?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">On the other hand, obtaining financing also has significant benefits. \"Even if a buyer has the ability to pay cash for a home, it might make sense to not tie up a lot of cash to purchase real estate,\" says Grabel. Doing so could limit your options if other needs arise down the road. For example, if the home turns out to need major repairs or renovations, it may be tough to obtain a&nbsp;home equity loan&nbsp;or mortgage, as you don\'t know what your&nbsp;credit score&nbsp;will look like in the future, how much the home will then be worth, or other factors that determine approval for financing. While this is definitely something to keep in mind as a possibility, getting a home equity loan or&nbsp;home equity line of credit (HELOC)&nbsp;is easier the more&nbsp;equity&nbsp;you have in your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-22\">Selling a home bought with cash could also be a problem if the owners stretched a lot financially to buy it. \"If cash buyers decide it’s time to sell, they need to make sure they will have sufficient&nbsp;cash reserves&nbsp;to put down as a deposit on the new home,\" says Grabel.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">In short, \"cash buyers need to be sure to leave themselves plenty of&nbsp;liquidity,\" says Grabel. By opting to go with a mortgage, you can give yourself more financial flexibility.&nbsp;Using a&nbsp;mortgage calculator&nbsp;is a good resource to budget some of the costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-28\">Paying a mortgage can also provide tax benefits for homeowners who&nbsp;itemize deductions&nbsp;versus taking the&nbsp;standard deduction. And while you shouldn\'t opt for a mortgage just to get a deduction, a reduced tax obligation never hurts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-30\">\"In most cases, mortgage interest payments&nbsp;are tax-deductible,\" says Semrad. The&nbsp;Tax Cuts and Jobs Act (TCJA)&nbsp;passed in 2017, however, nearly doubled standard deductions, making it unnecessary for many taxpayers to itemize, meaning they forgo the use of the mortgage interest tax deduction entirely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-32\">Investing vs. a mortgage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-33\">Of course, with a mortgage, you end up paying more overall, since it comes with interest payments that do add up over time. But, depending on the state of the stock market, Semrad also notes that saving on&nbsp;mortgage interest&nbsp;by paying cash might not be financially prudent. You could be saving less than that money might have earned had you taken out a mortgage and invested the cash you didn\'t spend on your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The average annualized return of the&nbsp;S&amp;P 500. Interest rates have averaged 2.96% to 4.54% over the last decade on a 30-year mortgage. While individual stocks and years can vary wildly, an investment over 30 years in a low-fee&nbsp;index fund&nbsp;would leave you with a much higher net worth than you would pay in interest on a mortgage of the same amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">In addition to the stock market earning much more than you\'ll pay in interest, you may also save even more on your taxes than you would save with a mortgage interest deduction. If you use your extra cash to invest in the stock market directly or to live on while investing in a tax-advantaged account like a&nbsp;traditional IRA,&nbsp;Health Savings Account (HSA),&nbsp;401(k), or other workplace plan, you will potentially save more in taxes than you would have by itemizing your mortgage interest.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-39\">Special Considerations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-40\">In some instances, having a mortgage can protect you from certain&nbsp;creditors. Most states grant consumers a certain level of protection from creditors regarding their home. Some states, such as Florida, completely exempt the house from the reach of certain creditors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-40\">Other states set limits ranging from as little as $5,000 to up to $550,000. \"That means, regardless of the value of the house, creditors cannot force its sale to satisfy their claims,\" says Semrad. This is known as a&nbsp;homestead exemption, but keep in mind it does not prevent or stop a bank&nbsp;foreclosure&nbsp;if the homeowner defaults on their mortgage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-44\">Here\'s how it works: If your home is worth $500,000 and the home\'s mortgage is $400,000, your homestead exemption could prevent the forced sale of your home in order to pay creditors the $100,000 of&nbsp;equity&nbsp;in your home, as long as your state’s homestead exemption is at least $100,000. If your state\'s exemption is less than $100,000, a&nbsp;bankruptcy trustee&nbsp;could still force the sale of your home to pay creditors with the home\'s equity in excess of the exemption.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Not having a mortgage could negate a homestead exemption if you find yourself seriously in debt in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-48\">Having a mortgage won\'t completely protect your money, however. \"If a homeowner left the funds in the bank and financed the house, a judgment creditor could&nbsp;lien&nbsp;the bank account and use the majority of the funds to satisfy its claims,\" says Semrad.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can You Be Foreclosed on Without a Mortgage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Paying off your mortgage doesn\'t mean your house can never be foreclosed on. You can still go into&nbsp;foreclosure through a tax lien. If you fail to pay your property, state, or federal taxes, you could lose your home through a tax lien.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Is It Easier To Buy a House With Cash?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Yes, buying a house is much easier with cash. You don\'t have to wait for an inspection, appraisal, or&nbsp;underwriting. Even though an inspection isn\'t required when you buy a home with cash, it is still a good idea to get one to make sure your new home won\'t come with any expensive surprise repairs. Home sellers will also usually favor cash buyers so they don\'t have to deal with lending timelines, which means your cash offer is more likely to be accepted.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">If You Have Bad Credit, Do You Have To Buy in Cash?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">No. Cash isn\'t your only option for buying a home if you have bad credit. You can still be approved for a mortgage through a&nbsp;Federal Housing Administration Loan&nbsp;with 10% down if your credit score is at least 500. You also may be able to&nbsp;improve your credit&nbsp;more quickly than you think to qualify for a&nbsp;conventional mortgage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-56\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-57\">If you have a chunk of cash sitting around, mathematically you will end up with a higher net worth at the end of 30 years if you invest that money instead of using it to avoid getting a mortgage (assuming mortgage rates stay low and stock market gains follow the same average annualized return they have since 1929). However, not having a mortgage gives you a sense of freedom that is hard to replicate. If that feeling is worth enough money to you, then buy your house in cash.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/articles/personal-finance/111214/buying-home-cash-vs-mortgage.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Buying a House With Cash vs. Getting a Mortgage','','inherit','closed','closed','','3079-revision-v1','','','2023-03-30 01:12:46','2023-03-30 01:12:46','',3079,'http://smartinsurance.tips/?p=3113',0,'revision','',0),(3114,1,'2023-03-30 01:13:42','2023-03-30 01:13:42','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pet insurance is designed to make paying for health care for pets easier. This type of coverage can pay for treatment related to a variety of pet health care costs, including accidental injuries, illness, and medications. That can save you money as a pet owner but health insurance for pets is not all-encompassing. Insurers may choose to exclude certain pre-existing conditions from coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3089,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/03/Insurance-4.png\" alt=\"\" class=\"wp-image-3089\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Pet insurance can cover a variety of heath care-related needs, including illness, injuries, behavioral issues, and congenital health problems.1</li><li>Companies that offer pet insurance can choose to exclude certain pre-existing conditions from coverage.</li><li>If your pet has a pre-existing condition, they aren\'t necessarily barred from getting coverage but this may influence your coverage options.</li><li>Pet insurance companies may distinguish between curable and incurable pre-existing health conditions when writing policies.</li><li>When shopping for pet insurance, it\'s important to read the fine print to understand what\'s covered and what\'s not, as well as what you\'ll pay for coverage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">Pet Insurance Basics</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Pet insurance&nbsp;is a type of insurance coverage that\'s designed for pet owners. Typically, this type of coverage is intended for cats and dogs, though it\'s also possible to cover a wider variety of pets. For instance, you may be able to get coverage for ferrets, rabbits, hamsters, potbelly pigs, and exotic birds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">There are three levels of coverage pet insurance can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-9\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Basic coverage.&nbsp;</strong>Basic pet insurance provides the lowest level of coverage for pet owners. It may be limited to things like accidental injuries, poisonings, and certain illnesses.</li><li><strong>Comprehensive coverage.&nbsp;</strong>Comprehensive pet insurance covers a wider variety of health conditions and healthcare-related costs. For instance, you may have coverage for x-rays or lab fees with a comprehensive plan.</li><li><strong>Pet well care protection.&nbsp;</strong>This type of pet insurance typically covers preventive care, such as physical exams, flea and heartworm treatment, and vaccines.2</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">Pet insurance can have annual coverage limits and&nbsp;annual deductibles. Instead of paying a monthly premium, however, this type of coverage reimburses pet owners for covered expenses. The amount that\'s reimbursable and the expenses covered can depend on the terms of the pet insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0-1\">Note</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pet insurance is not the same as a veterinary discount plan or a&nbsp;veterinary financing plan, both of which may be offered to you if you\'re paying for pet care out-of-pocket.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-15\">Pet Insurance and Pre-Existing Conditions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Pet insurance policies&nbsp;can be very specific, in terms of what\'s covered and what\'s not. A typical policy, for example, may cover the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-18\" class=\"has-black-color has-text-color has-large-font-size\"><li>Accidental injuries</li><li>Illness</li><li>Hereditary and congenital conditions</li><li>Alternative therapies</li><li>Behavioral issues</li><li>Chronic conditions</li><li>Prescription medications</li><li>Prescription food and supplements</li><li>Microchip implantation1</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">The list of what\'s not covered includes pre-existing conditions, cosmetic procedures and breeding costs. Pre-existing conditions include injuries or illnesses that are present before a pet insurance policy goes into effect or during a waiting period. Examples of pre-existing conditions can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-22\" class=\"has-black-color has-text-color has-large-font-size\"><li>Fractures or broken bones</li><li>Infections</li><li>Diabetes</li><li>Allergies</li><li>Orthopedic conditions</li><li>Cancer</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">Whether a pet insurance company chooses to cover a pre-existing condition can depend on whether it\'s curable or incurable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-26\">Curable and Incurable Pre-Existing Conditions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">Some pre-existing conditions may be resolved, either on their own or with the care of a veterinarian. A fractured bone, for instance, can eventually heal without causing any long-term health issues. The same may be true for things like ear infections or insect bites.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-29\">In the case of a curable pre-existing condition, a pet insurer may choose to extend coverage after a set waiting period. For example, your pet may need to be symptom-free for six to 12 months for the insurance company to consider them cured. During this waiting period, any claims made related to the pre-existing condition would not be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">In the case of incurable pre-existing conditions, insurers may choose to limit the coverage offered to pet owners or exclude those conditions entirely. Examples of incurable conditions can include cancer, diabetes, hyper- or hypothyroidism, allergies, and other lasting health conditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0-2\">Note</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There may be no waiting period required to use your coverage for preventive care visits for your pet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-35\">How to Get Pet Insurance for Pre-Existing Conditions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-36\">Pre-existing conditions won\'t prevent your pet from getting health insurance altogether. But any pre-existing conditions may not be covered by the policy or may be subject to coverage limitations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-38\">If you have a pet with a pre-existing condition and you want to get pet insurance, getting a full medical exam is a good first step. This allows a veterinarian to identify any potential health issues, pre-existing or otherwise, that could complicate your ability to qualify for pet insurance. You can also talk to your vet about which pre-existing conditions may be curable versus incurable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-40\">The next step is comparing pet insurance options. When shopping for pet insurance, it\'s helpful to consider:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-42\" class=\"has-black-color has-text-color has-large-font-size\"><li>What is and is not covered, including pre-existing conditions</li><li>How the insurer categories curable vs. non-curable pre-existing conditions</li><li>Annual coverage limits</li><li>Annual deductible amounts</li><li>How much is reimbursed to you for pet health care</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-44\">It\'s also important to think about whether insuring a pet with pre-existing conditions makes sense. On one hand, you could still get coverage for other health care expenses, including routine preventive care or accidental injuries. But any savings and reimbursement you might receive for those costs may be overshadowed by out-of-pocket costs you have to pay for non-covered health conditions. So consider the costs carefully to decide if&nbsp;pet insurance is worth it</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-48\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-49\">Pet insurance is something more people are choosing to purchase to ensure their pets are covered. At the beginning of 2021, an estimated 3.45 million pets were covered by some type of pet insurance policy.4&nbsp;Pet insurance can still be a smart buy when your pet has a pre-existing condition, though it is important to compare your options for getting coverage. When in doubt, it can be helpful to reach out to pet insurance companies directly to ask about pre-existing condition coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/pet-insurance-pre-existing-condition-exclusions-5192762\">click here.</a></p>\n<!-- /wp:paragraph -->','Pet Insurance Pre-existing Condition Exclusions','','inherit','closed','closed','','3088-revision-v1','','','2023-03-30 01:13:42','2023-03-30 01:13:42','',3088,'http://smartinsurance.tips/?p=3114',0,'revision','',0),(3121,1,'2023-04-27 18:18:13','2023-04-27 18:18:13','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3120,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Money-1.png\" alt=\"\" class=\"wp-image-3120\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The average American has $96,371 in debt, including student loan, mortgage and credit card balances. Whether your debt is more or less than that amount, it can feel difficult to manage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even if you’re struggling to make a dent in your outstanding balances and stay afloat financially, there are options to help you find relief. You can use the specific strategies discussed in this guide, like the debt snowball or avalanche, or consolidate what you owe to break the chains of debt bondage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Strategies for paying off debt</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may have taken just a few months of unemployment or excess spending to get into debt, but it will likely take longer than that to pay it off. It’s important to commit to a plan and not get discouraged by any setbacks. Remember, slow and steady wins the race toward a zero balance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regardless of how you got into debt, you’ll need a plan to pay it off. Consider these strategies to help you get started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">1. The debt snowball</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The debt snowball method builds momentum as you start repaying creditors, like rolling a snowball across the ground. Begin by paying off debts from smallest to largest. List debts by balance and start with the smallest one. Make sure to pay minimums on all other bills and send extra cash to the debt with the smallest balance until it’s paid in full.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Repeat this strategy with the other debts. As you pay off balances, you’ll free up more funds for other debts. Plus, it’s encouraging to see progress and can keep you on track to see debts vanishing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Who this is best for:&nbsp;</strong>The debt snowball is best if you want to experience quick gains when paying off your debts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">2. The debt avalanche</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The debt avalanche strategy takes a similar approach but instead orders debts by interest rate. First, you make a list of all your debts from the highest interest rate to the lowest. You then concentrate on paying off the highest-interest debt first while making minimum payments on all the other debt. This cuts back on the amount you’re paying in interest, which also frees up more cash to pay down other debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Who this is best for:&nbsp;</strong>The debt avalanche is suitable if saving a bundle in interest is a priority, and you’re motivated to get out of debt quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">3. Debt consolidation</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If it becomes too challenging to keep up with various payments and due dates, consider debt consolidation. A personal loan or a new balance-transfer credit card could be used for this purpose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With debt consolidation, the lender pays off all your existing debts and rolls them into one new loan with one payment. While the new interest rate may be higher than some of your other bills, you could wind up saving money by avoiding missed and late payment fees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To determine if it’s a smart strategy for your situation, you’ll need to calculate your blended interest rate. It’s the combined interest rate paid on all your debts. It’s calculated by summing the total interest you’ll pay in a year and dividing it by the entire principal owed. Or, you can use our debt consolidation calculator.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even though the rate on a debt consolidation loan can be quite high, it could still be lower than the blended rate you’re already paying, in which case a debt consolidation loan would be a good choice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Who this is best for</strong>: Consider debt consolidation if you can commit to not using your credit cards or acquiring more debt while you work to pay off what you owe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">4. Debt management plan</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Nonprofit credit counseling agencies can help set up a debt management plan with debtors. An agency will negotiate concessions on your behalf with the companies that you owe money. This could entail arranging for lower payments, setting up reasonable repayment plans and possibly securing debt forgiveness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Who this is best for</strong>: Debt consolidation could be a viable option if you struggle to keep up with your minimum monthly payments and prefer a plan that can help you pay less in interest and get out of debt faster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Tips for paying off debt</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you have a debt payoff plan in place, follow these tips to stay on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">1. Stick to a budget</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whatever strategy you choose for paying off debt, you’ll need a budget. Otherwise, it’s too easy to get off track. With a budget, it’s easy to see where each dollar is going, which will help you identify areas where you could cut costs and save money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you use an app or a spreadsheet to create a budget, once you see all your income and expenses laid out, you can start planning for how to pay off debt. Subtract your fixed expenses from your income – that’s your free cash flow. That money is what you have available to cover variable costs and pay down debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">2. Start an emergency savings account</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There’s nothing like an unexpected car repair coming to ruin all your plans to get out of debt. Life will continue to happen while you’re focused on how to pay off your debt, which is why you need an emergency savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As much as you may want to put every extra penny toward your credit card balance, if you’ve</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">paid off half your balance but then can’t pay for an emergency, you’d just have to charge it again. Most experts advise having three to six months’ worth of living expenses in savings, so when you’re putting your budget together, it should include a line item for savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">3. Reduce monthly bills</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re wondering how to pay off debt and save, consider ways to reduce monthly bills. Lowering monthly expenses frees up money that can be put toward paying down debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Are there any unnecessary expenses that can be cut? Maybe drop Netflix or cable for a few months to save money and free up time for a side hustle. If the heating bills have been out of control, many utility companies offer free energy audits, which would identify changes you could make to curb utility costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">4. Earn extra cash</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Having a side hustle has almost become an American institution, right up there with apple pie. Many people now maximize free time by making jewelry to sell on Etsy, driving for a ride-sharing service or dog-sitting. The answer to “how do I pay off my debt?” could be brainstorming ways to earn extra cash.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">What are your hobbies? Do you have any special skills you could monetize? Which side gigs would work with your daily schedule? Find a way to secure extra cash flow and apply those earnings to paying off debts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">5. Explore debt relief options</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Debt relief companies make grand promises to help solve problems like how to pay off debt, but do they deliver? Yes and no. When you sign up to work with a debt relief company, it negotiates with your creditors to settle or attempt to change the terms of your debt. But there is a catch.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Debt relief companies charge fees for services. To increase a creditor’s willingness to negotiate, the company may urge clients to stop making payments on their bills. But this will lead to late fees, interest charges, and other penalties that increase debt and hurt credit scores.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The companies can also help settle or manage some bills, but they could ultimately do more harm than good. Explore all other options before deciding to work with one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">The bottom line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are many different strategies and options for paying off your debts. Research the different approaches, including the debt snowball method, the debt avalanche and debt consolidation to find a tactic that is likely to work best for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you get started, it’s important to establish a budget and an emergency savings account to help ensure your debt doesn’t grow out of control once again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/personal-finance/debt/how-to-pay-off-debt/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to pay off debt: Strategies and tips','','inherit','closed','closed','','3119-revision-v1','','','2023-04-27 18:18:13','2023-04-27 18:18:13','',3119,'http://smartinsurance.tips/?p=3121',0,'revision','',0),(3122,1,'2023-04-27 18:26:25','2023-04-27 18:26:25','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3123,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Money-2.png\" alt=\"\" class=\"wp-image-3123\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you just got a raise and are considering how to best use those extra dollars or you’re just planning for the future, choosing where to invest your hard-earned cash is a challenge. It makes sense that many homeowners would want to prioritize paying down their mortgage debt, but does it make more sense to invest extra cash in your retirement savings first?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Evaluating Your Financial Situation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you decide to pay down your mortgage or invest in your future first depends on your personal financial situation. If your income has increased substantially, the choice you make may be different than if you inherited a lump sum and wanted to invest that.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re thinking of paying off your mortgage early, consider how much it would cost and if the money saved in interest as well as being debt-free is a higher priority for you than putting away money to build your future wealth. Consider where you’re at in terms of debt repayment, too. It’s typically smarter to pay down your mortgage as much as possible at the very beginning of the loan to save yourself from paying more interest later. If you’re somewhere near the later years of your mortgage, it may be more valuable to put your money into retirement accounts or other investments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Choosing To Pay Off Your Mortgage Early</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The idea of completely paying off your mortgage and not only owning your home, but also being debt-free can be very enticing. While many with an influx of cash might favor investing rather than paying off their mortgage, paying off your mortgage early can actually save you thousands of dollars in the long run and is often a solid financial decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’ve gotten a raise or some other increase in your income and you’re still in the early years of your mortgage, paying mostly interest on your mortgage payments, paying off your mortgage early might be the best option for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Let’s take a look at some of the pros and cons of deciding to pay off your mortgage rather than invest.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Pros Of Paying Off Your Mortgage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You’ll save on interest.</strong> If you pay off your mortgage early, you can potentially save yourself thousands of dollars in interest that you might have paid if you hadn’t reduced the principal amount early on.</li><li><strong>You’ll be debt-free</strong>. Owning your own home and not having to make any more monthly payments can be liberating. Depending on the size of your monthly payments, that’s $1,000 or more a month that you can now use for other things.</li><li><strong>You can leverage your equity.</strong> If you decide to pay off a large chunk of your mortgage early, you can use that equity to open a home equity line of credit (HELOC) or do a cash-out refinance to make some renovations to your home. While you won’t pay off your loan if you decide to go this route, you will be able to use some of the cash you poured into your home, which usually isn’t easily doable.</li><li><strong>You’ll free up funds going forward. </strong>If you’re not making mortgage payments anymore, the money you’d have used each month for those payments before can now be used for other things, like investing in your future or things you enjoy.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Cons Of Paying Off Your Mortgage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You could cut into savings.</strong> While using your savings to pay down a huge chunk (or all) of your loan may seem like a good idea, it can be risky to pour all of your money into an investment that is not the easiest to tap into in a pinch. No matter how tempting it may be, it’s important to keep some amount of cash aside in case of financial emergencies.</li><li><strong>It might be your only investment.</strong> If you’re pouring everything you have into your mortgage, you may be neglecting other important investments, such as your retirement fund. You could also be making significantly more back on investments in somewhat riskier places, such as the stock market.</li><li><strong>No more tax deductions.</strong> If you pay off your mortgage early, you lose the ability to write off tax deductions on mortgage interest payments. These write-offs are actually quite useful and can increase your refund as well as lower your taxable income if you’re still paying on a mortgage.</li><li><strong>You might pay prepayment penalties.</strong> There are actually some penalties in place, depending on your lender, for paying off a mortgage too quickly. If you pay off a mortgage within the first few years of the loan, your lender may charge you a penalty based on the outstanding principal balance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Choosing To Invest Your Money</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While paying off a mortgage early can have many benefits to homeowners and lifts the burden of repaying a large debt, it might be wiser in some cases to instead invest extra cash into your future in the form of retirement funds or other investments such as stocks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The best time to pay off a mortgage is early to avoid accruing extra interest over the years, and the same is essentially true of investing in your future. Since interest builds over time, the longer your monetary contributions are saved for your future, the more they’ll be worth when it’s time to use them. That said, starting early on investing is a very solid financial choice as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Let’s take a look at some of the pros and cons of investing rather than paying off your mortgage, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Pros</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You’ll see a higher rate of return.</strong>&nbsp;Since it’s inherently riskier, investing in something like the stock market gives you the potential to earn more money than you would save paying off your mortgage early.</li><li><strong>You’re increasing your future wealth</strong>. By investing in your retirement and future, whether that’s through stocks, bonds or even a small business, you’re (hopefully) increasing your future wealth. By building wealth now that will only grow over time, you’re setting yourself up to be better off financially later on in your life.</li><li><strong>Better asset liquidity.&nbsp;</strong>In terms of liquidity, stocks, bonds and similar investments are superior to a mortgage. If you find yourself in need of cash, it will be much easier to sell stocks or similar investments and make use of that money than it would be to sell your home or attempt a cash-out refinance.</li><li><strong>There’s potential for an employer match.</strong>&nbsp;If you’re investing in a retirement account, there’s a chance that some employers may be willing to match your contributions. Your employer might match half of your contributions up to a certain percent of your salary or even match what you invest dollar for dollar. The more you’re investing, the more you stand to gain – so this can be a great opportunity to build future wealth if your employer is willing to participate.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Cons </strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Investing is riskier</strong>. Unlike a mortgage, investing is risky. You have the potential to gain and then lose thousands of dollars when investing in the stock market. Your returns may be potentially greater, but they aren’t as safe and fixed as the returns you will hopefully see on your house over time.</li><li><strong>You’re still making payments</strong>. Investing still costs you money, money that you’re not even guaranteed an entirely favorable return on. Throwing all of your money into an investment only to see it decrease in value can be frustrating.</li><li><strong>Investing doesn’t make your debt go away.</strong>&nbsp;If you’re pouring all of your funds into a retirement account or other investments, you won’t make much progress on any debts you might have, whether those are student loans or your mortgage. While it’s possible you’ll eventually save enough by investing to take care of those things, it can sometimes be smarter to just pay them off right away before anything else.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Deciding To Do Both</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s very possible to both pay down your mortgage and invest at the same time – and many people do. While choosing to do both at once limits the amount you can invest in your home or your future wealth, you can make decent progress toward each goal at once as a compromise. This way, you can still put money away for your future while also building equity in your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re still eager to get your mortgage out of the way as quickly as possible, you can even consider refinancing to a shorter-term loan. While your payments will be higher this way, you might be able to still invest while also saving money on mortgage interest and building significant equity in your home at the same time. This strategy can be costly, however, so be aware that this third option may leave you without significant savings leftover.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Other Considerations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have an influx of cash and it doesn’t make sense to put it entirely into your mortgage or investments, there are other viable options for you, too. To avoid any financial struggle in the future should anything happen, you could store your extra cash in an ‘emergency fund’ to be used in case of a future financial issue, like car repairs, medical expenses or a lost job.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have other debts to be paid off, such as student loans or credit card debt, you could also put your extra capital toward that. If you’re paying for a mortgage on top of multiple other debts, it can become overwhelming – so it’s always a good idea to get those lingering debts off your shoulders, if possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Should I Pay Off My Mortgage Or Invest?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Before deciding to pay off your mortgage early, get a head start on investing, both, or neither, be sure to take stock of your financial situation in its entirety. If you know you won’t be in your home for very long, maybe it doesn’t make sense to pour all of your money into a mortgage. Likewise, if you’re uncertain about investing a lot of money in a place where your rate of return is not promising, maybe investing all of your extra cash is unwise.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ultimately, what you decide to do should reflect your financial situation and the choices you are most comfortable making.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">The Bottom Line: Decide What’s Best For You</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Both investing in your future wealth and paying off a mortgage early can be extremely beneficial in terms of savings and return on investment. Everyone’s financial situation is different, however, so be sure to take into consideration which option would work best for you before making a move. It’s always a good idea to consult a financial advisor to help you make a plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Remember, it’s also possible to both pay down your mortgage and invest at the same time – particularly if you’re able to refinance to a shorter-term loan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.rocketmortgage.com/learn/pay-off-mortgage-or-invest#:~:text=It%27s%20typically%20smarter%20to%20pay,retirement%20accounts%20or%20other%20investments.\">click here.</a></p>\n<!-- /wp:paragraph -->','Pay Off Mortgage Or Invest: How To Make The Right Choice','','publish','closed','closed','','pay-off-mortgage-or-invest-how-to-make-the-right-choice','','','2023-04-27 18:26:25','2023-04-27 18:26:25','',0,'http://smartinsurance.tips/?p=3122',0,'post','',0),(3123,1,'2023-04-27 18:19:31','2023-04-27 18:19:31','','Money-2','','inherit','closed','closed','','money-2-13','','','2023-04-27 18:19:31','2023-04-27 18:19:31','',3122,'http://smartinsurance.tips/wp-content/uploads/2023/04/Money-2.png',0,'attachment','image/png',0),(3124,1,'2023-04-27 18:26:25','2023-04-27 18:26:25','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3123,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Money-2.png\" alt=\"\" class=\"wp-image-3123\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you just got a raise and are considering how to best use those extra dollars or you’re just planning for the future, choosing where to invest your hard-earned cash is a challenge. It makes sense that many homeowners would want to prioritize paying down their mortgage debt, but does it make more sense to invest extra cash in your retirement savings first?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Evaluating Your Financial Situation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you decide to pay down your mortgage or invest in your future first depends on your personal financial situation. If your income has increased substantially, the choice you make may be different than if you inherited a lump sum and wanted to invest that.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re thinking of paying off your mortgage early, consider how much it would cost and if the money saved in interest as well as being debt-free is a higher priority for you than putting away money to build your future wealth. Consider where you’re at in terms of debt repayment, too. It’s typically smarter to pay down your mortgage as much as possible at the very beginning of the loan to save yourself from paying more interest later. If you’re somewhere near the later years of your mortgage, it may be more valuable to put your money into retirement accounts or other investments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Choosing To Pay Off Your Mortgage Early</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The idea of completely paying off your mortgage and not only owning your home, but also being debt-free can be very enticing. While many with an influx of cash might favor investing rather than paying off their mortgage, paying off your mortgage early can actually save you thousands of dollars in the long run and is often a solid financial decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’ve gotten a raise or some other increase in your income and you’re still in the early years of your mortgage, paying mostly interest on your mortgage payments, paying off your mortgage early might be the best option for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Let’s take a look at some of the pros and cons of deciding to pay off your mortgage rather than invest.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Pros Of Paying Off Your Mortgage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You’ll save on interest.</strong> If you pay off your mortgage early, you can potentially save yourself thousands of dollars in interest that you might have paid if you hadn’t reduced the principal amount early on.</li><li><strong>You’ll be debt-free</strong>. Owning your own home and not having to make any more monthly payments can be liberating. Depending on the size of your monthly payments, that’s $1,000 or more a month that you can now use for other things.</li><li><strong>You can leverage your equity.</strong> If you decide to pay off a large chunk of your mortgage early, you can use that equity to open a home equity line of credit (HELOC) or do a cash-out refinance to make some renovations to your home. While you won’t pay off your loan if you decide to go this route, you will be able to use some of the cash you poured into your home, which usually isn’t easily doable.</li><li><strong>You’ll free up funds going forward. </strong>If you’re not making mortgage payments anymore, the money you’d have used each month for those payments before can now be used for other things, like investing in your future or things you enjoy.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Cons Of Paying Off Your Mortgage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You could cut into savings.</strong> While using your savings to pay down a huge chunk (or all) of your loan may seem like a good idea, it can be risky to pour all of your money into an investment that is not the easiest to tap into in a pinch. No matter how tempting it may be, it’s important to keep some amount of cash aside in case of financial emergencies.</li><li><strong>It might be your only investment.</strong> If you’re pouring everything you have into your mortgage, you may be neglecting other important investments, such as your retirement fund. You could also be making significantly more back on investments in somewhat riskier places, such as the stock market.</li><li><strong>No more tax deductions.</strong> If you pay off your mortgage early, you lose the ability to write off tax deductions on mortgage interest payments. These write-offs are actually quite useful and can increase your refund as well as lower your taxable income if you’re still paying on a mortgage.</li><li><strong>You might pay prepayment penalties.</strong> There are actually some penalties in place, depending on your lender, for paying off a mortgage too quickly. If you pay off a mortgage within the first few years of the loan, your lender may charge you a penalty based on the outstanding principal balance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Choosing To Invest Your Money</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While paying off a mortgage early can have many benefits to homeowners and lifts the burden of repaying a large debt, it might be wiser in some cases to instead invest extra cash into your future in the form of retirement funds or other investments such as stocks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The best time to pay off a mortgage is early to avoid accruing extra interest over the years, and the same is essentially true of investing in your future. Since interest builds over time, the longer your monetary contributions are saved for your future, the more they’ll be worth when it’s time to use them. That said, starting early on investing is a very solid financial choice as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Let’s take a look at some of the pros and cons of investing rather than paying off your mortgage, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Pros</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You’ll see a higher rate of return.</strong>&nbsp;Since it’s inherently riskier, investing in something like the stock market gives you the potential to earn more money than you would save paying off your mortgage early.</li><li><strong>You’re increasing your future wealth</strong>. By investing in your retirement and future, whether that’s through stocks, bonds or even a small business, you’re (hopefully) increasing your future wealth. By building wealth now that will only grow over time, you’re setting yourself up to be better off financially later on in your life.</li><li><strong>Better asset liquidity.&nbsp;</strong>In terms of liquidity, stocks, bonds and similar investments are superior to a mortgage. If you find yourself in need of cash, it will be much easier to sell stocks or similar investments and make use of that money than it would be to sell your home or attempt a cash-out refinance.</li><li><strong>There’s potential for an employer match.</strong>&nbsp;If you’re investing in a retirement account, there’s a chance that some employers may be willing to match your contributions. Your employer might match half of your contributions up to a certain percent of your salary or even match what you invest dollar for dollar. The more you’re investing, the more you stand to gain – so this can be a great opportunity to build future wealth if your employer is willing to participate.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Cons </strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Investing is riskier</strong>. Unlike a mortgage, investing is risky. You have the potential to gain and then lose thousands of dollars when investing in the stock market. Your returns may be potentially greater, but they aren’t as safe and fixed as the returns you will hopefully see on your house over time.</li><li><strong>You’re still making payments</strong>. Investing still costs you money, money that you’re not even guaranteed an entirely favorable return on. Throwing all of your money into an investment only to see it decrease in value can be frustrating.</li><li><strong>Investing doesn’t make your debt go away.</strong>&nbsp;If you’re pouring all of your funds into a retirement account or other investments, you won’t make much progress on any debts you might have, whether those are student loans or your mortgage. While it’s possible you’ll eventually save enough by investing to take care of those things, it can sometimes be smarter to just pay them off right away before anything else.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Deciding To Do Both</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s very possible to both pay down your mortgage and invest at the same time – and many people do. While choosing to do both at once limits the amount you can invest in your home or your future wealth, you can make decent progress toward each goal at once as a compromise. This way, you can still put money away for your future while also building equity in your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re still eager to get your mortgage out of the way as quickly as possible, you can even consider refinancing to a shorter-term loan. While your payments will be higher this way, you might be able to still invest while also saving money on mortgage interest and building significant equity in your home at the same time. This strategy can be costly, however, so be aware that this third option may leave you without significant savings leftover.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Other Considerations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have an influx of cash and it doesn’t make sense to put it entirely into your mortgage or investments, there are other viable options for you, too. To avoid any financial struggle in the future should anything happen, you could store your extra cash in an ‘emergency fund’ to be used in case of a future financial issue, like car repairs, medical expenses or a lost job.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have other debts to be paid off, such as student loans or credit card debt, you could also put your extra capital toward that. If you’re paying for a mortgage on top of multiple other debts, it can become overwhelming – so it’s always a good idea to get those lingering debts off your shoulders, if possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Should I Pay Off My Mortgage Or Invest?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Before deciding to pay off your mortgage early, get a head start on investing, both, or neither, be sure to take stock of your financial situation in its entirety. If you know you won’t be in your home for very long, maybe it doesn’t make sense to pour all of your money into a mortgage. Likewise, if you’re uncertain about investing a lot of money in a place where your rate of return is not promising, maybe investing all of your extra cash is unwise.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ultimately, what you decide to do should reflect your financial situation and the choices you are most comfortable making.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">The Bottom Line: Decide What’s Best For You</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Both investing in your future wealth and paying off a mortgage early can be extremely beneficial in terms of savings and return on investment. Everyone’s financial situation is different, however, so be sure to take into consideration which option would work best for you before making a move. It’s always a good idea to consult a financial advisor to help you make a plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Remember, it’s also possible to both pay down your mortgage and invest at the same time – particularly if you’re able to refinance to a shorter-term loan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.rocketmortgage.com/learn/pay-off-mortgage-or-invest#:~:text=It%27s%20typically%20smarter%20to%20pay,retirement%20accounts%20or%20other%20investments.\">click here.</a></p>\n<!-- /wp:paragraph -->','Pay Off Mortgage Or Invest: How To Make The Right Choice','','inherit','closed','closed','','3122-revision-v1','','','2023-04-27 18:26:25','2023-04-27 18:26:25','',3122,'http://smartinsurance.tips/?p=3124',0,'revision','',0),(3125,1,'2023-04-27 18:54:43','2023-04-27 18:54:43','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3126,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Money-3.png\" alt=\"\" class=\"wp-image-3126\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Shopping for homeowners insurance may seem confusing, but it\'s really a matter of picking from a menu of options to find the amount of coverage needed. The price paid for an insurance policy depends, in part, on the options chosen. To help you prepare, we\'re covering some of the basics of buying homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"the-most-common-homeowners-insurance-discounts\">The most common homeowners insurance discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners need insurance. Mortgage lenders require it, and frankly, carrying insurance is the smart financial move. Another smart financial move is to refuse to pay more than needed for great coverage. To help policyholders land the best price, a home insurance provider will offer homeowners insurance discounts of all kinds, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"new-home-discount\"><strong>New home discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When a person moves into a brand spanking new house, insurers assume that everything will be in decent shape. They worry less about the roof blowing off or water leaking into the family room. They also assume that the house has up-to-date safety features. Anyone who has just purchased a new home can insure it for up to 35% less than an existing home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"senior-discount\"><strong>Senior discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Insurers make some assumptions when it comes to homeowners over the age of 55. This includes that they have more time for maintenance and repairs. Whether the assumption is correct or not, most insurers offer special homeowners insurance discounts to people over the age of 55.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"bundling-discount\"><strong>Bundling discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When a person purchases their home, auto, and (possibly) life insurance from the same insurance company, it\'s called bundling. Companies love bundling and offer homeowners insurance discounts to those customers who take advantage of one-stop policy shopping.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"claims-free-discount\"><strong>Claims-free discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">What an insurance company likes more than anything else is a customer who pays their premiums without making claims. If a homeowner has gone a number of years without making a claim, it\'s worth checking to see if they qualify for home insurance no-claims discount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"loyalty-discount\"><strong>Loyalty discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Because insurance is a business, insurers appreciate customers who stick around. If a homeowner stays with the same company for a certain amount of time, they are typically eligible for a loyalty discount. One caveat is that a home insurance provider may require those long-term customers to be claims-free for a specific number of years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"impact-resistant-roof-discount\"><strong>Impact-resistant roof discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Before a homeowner has a new roof installed, it pays to learn if an insurance provider offers any homeowners insurance discounts for impact-resistant roofs. While impact-resistant shingles can cost twice as much as standard shingles, they can pay off big for homeowners in areas prone to wind and hailstorms. Simply put, they stand up better to harsh weather and ultimately require less repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"security-system-discount\"><strong>Security system discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Because security systems can reduce the chance of break-ins and monitored systems allow police to respond quickly, insurers offer homeowners insurance discounts to people who use monitored security to protect their property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"hoa-discount\"><strong>HOA discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Though Americans have a love/hate relationship with homeowners associations (HOAs), insurers adore them. That\'s because HOAs tend to demand high home maintenance standards, a fact that helps protect the value of the homes in the community. Because they have a vested interest in the condition of the properties they protect, insurers will often offer a discount to those homeowners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"safety-discount\"><strong>Safety discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Anything a homeowner can add to their property that provides an extra layer of protection is good in the eyes of insurance companies. Fire sprinklers, fire extinguishers on every floor, smoke detectors, carbon monoxide detectors, and fire alarms with central monitoring can all lead to a safety discount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"non-smoker-discount\"><strong>Non-smoker discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">From the years 2012-2016, smoking was the leading cause of fire deaths at home. For good reason, insurers hate fires. Homeowners who don\'t smoke may qualify for homeowners insurance discounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"new-customer-discount\"><strong>New customer discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Everyone should conduct an insurance \"check-up\" at least once a year. That means making sure they always have the coverage they need and at the best possible price. If a homeowner does change insurers, they may earn a discount for doing so.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"professional-discount\"><strong>Professional discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Insurers routinely offer homeowners insurance discounts to particular professions, like active military members, educators, police officers and other emergency responders.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"married-discount\"><strong>Married discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may be 2021, but some insurers figure that anyone who is married must be more \"settled\" than a person who is single. That\'s why they\'ll discount home insurance quotes for those who are married. It may be an antiquated idea, but it\'s a discount worth exploring if you are wed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"how-can-i-get-a-discount-on-homeowners-insurance\">How can I get a discount on homeowners insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The average cost of home insurance in the U.S. is $2,305 per year, or $192 per month. Of course, homeowners with larger-than-average properties can expect to pay more. Every discount means more money to save or invest and every discount is worth exploring. If you\'re interested in how to get discounts on homeowners insurance, here are some of the best home insurance savings tips:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Shop around. Don\'t assume that all insurer\'s rates are the same or that they use the same criteria to determine rates. It\'s possible to save hundreds of dollars a year by switching.</li><li>Ask an insurance agent for all of the homeowners insurance discounts available through their company, no matter how small.</li><li>Take advantage of \"obvious\" discounts. For example, make sure there\'s a fire extinguisher on every floor, smoke alarms, carbon monoxide detectors, and other potentially life-saving equipment installed in your home.</li><li>Find out what each insurance provider considers an \"attractive nuisance.\" An attractive nuisance is anything dangerous that may attract children and pose a health or safety risk. Examples of attractive nuisances are trampolines, swimming pools, bike or skateboard ramps, and treehouses. Even a large fountain filled with water or a koi pond could be considered an attractive nuisance. While foregoing these attractive nuisances won\'t earn you homeowners insurance discounts, having them will likely hike the rate of the homeowners insurance.</li><li>Raise the deductible. The more a policyholder is willing to pay as a deductible, the lower the policy rate.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.fool.com/the-ascent/insurance/homeowners/discounts/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Get Discounts on Homeowners Insurance','','publish','closed','closed','','how-to-get-discounts-on-homeowners-insurance','','','2023-04-27 18:54:43','2023-04-27 18:54:43','',0,'http://smartinsurance.tips/?p=3125',0,'post','',0),(3126,1,'2023-04-27 18:48:17','2023-04-27 18:48:17','','Money-3','','inherit','closed','closed','','money-3-10','','','2023-04-27 18:48:17','2023-04-27 18:48:17','',3125,'http://smartinsurance.tips/wp-content/uploads/2023/04/Money-3.png',0,'attachment','image/png',0),(3127,1,'2023-04-27 18:54:43','2023-04-27 18:54:43','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3126,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Money-3.png\" alt=\"\" class=\"wp-image-3126\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Shopping for homeowners insurance may seem confusing, but it\'s really a matter of picking from a menu of options to find the amount of coverage needed. The price paid for an insurance policy depends, in part, on the options chosen. To help you prepare, we\'re covering some of the basics of buying homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"the-most-common-homeowners-insurance-discounts\">The most common homeowners insurance discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners need insurance. Mortgage lenders require it, and frankly, carrying insurance is the smart financial move. Another smart financial move is to refuse to pay more than needed for great coverage. To help policyholders land the best price, a home insurance provider will offer homeowners insurance discounts of all kinds, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"new-home-discount\"><strong>New home discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When a person moves into a brand spanking new house, insurers assume that everything will be in decent shape. They worry less about the roof blowing off or water leaking into the family room. They also assume that the house has up-to-date safety features. Anyone who has just purchased a new home can insure it for up to 35% less than an existing home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"senior-discount\"><strong>Senior discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Insurers make some assumptions when it comes to homeowners over the age of 55. This includes that they have more time for maintenance and repairs. Whether the assumption is correct or not, most insurers offer special homeowners insurance discounts to people over the age of 55.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"bundling-discount\"><strong>Bundling discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When a person purchases their home, auto, and (possibly) life insurance from the same insurance company, it\'s called bundling. Companies love bundling and offer homeowners insurance discounts to those customers who take advantage of one-stop policy shopping.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"claims-free-discount\"><strong>Claims-free discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">What an insurance company likes more than anything else is a customer who pays their premiums without making claims. If a homeowner has gone a number of years without making a claim, it\'s worth checking to see if they qualify for home insurance no-claims discount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"loyalty-discount\"><strong>Loyalty discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Because insurance is a business, insurers appreciate customers who stick around. If a homeowner stays with the same company for a certain amount of time, they are typically eligible for a loyalty discount. One caveat is that a home insurance provider may require those long-term customers to be claims-free for a specific number of years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"impact-resistant-roof-discount\"><strong>Impact-resistant roof discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Before a homeowner has a new roof installed, it pays to learn if an insurance provider offers any homeowners insurance discounts for impact-resistant roofs. While impact-resistant shingles can cost twice as much as standard shingles, they can pay off big for homeowners in areas prone to wind and hailstorms. Simply put, they stand up better to harsh weather and ultimately require less repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"security-system-discount\"><strong>Security system discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Because security systems can reduce the chance of break-ins and monitored systems allow police to respond quickly, insurers offer homeowners insurance discounts to people who use monitored security to protect their property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"hoa-discount\"><strong>HOA discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Though Americans have a love/hate relationship with homeowners associations (HOAs), insurers adore them. That\'s because HOAs tend to demand high home maintenance standards, a fact that helps protect the value of the homes in the community. Because they have a vested interest in the condition of the properties they protect, insurers will often offer a discount to those homeowners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"safety-discount\"><strong>Safety discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Anything a homeowner can add to their property that provides an extra layer of protection is good in the eyes of insurance companies. Fire sprinklers, fire extinguishers on every floor, smoke detectors, carbon monoxide detectors, and fire alarms with central monitoring can all lead to a safety discount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"non-smoker-discount\"><strong>Non-smoker discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">From the years 2012-2016, smoking was the leading cause of fire deaths at home. For good reason, insurers hate fires. Homeowners who don\'t smoke may qualify for homeowners insurance discounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"new-customer-discount\"><strong>New customer discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Everyone should conduct an insurance \"check-up\" at least once a year. That means making sure they always have the coverage they need and at the best possible price. If a homeowner does change insurers, they may earn a discount for doing so.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"professional-discount\"><strong>Professional discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Insurers routinely offer homeowners insurance discounts to particular professions, like active military members, educators, police officers and other emergency responders.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"married-discount\"><strong>Married discount</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It may be 2021, but some insurers figure that anyone who is married must be more \"settled\" than a person who is single. That\'s why they\'ll discount home insurance quotes for those who are married. It may be an antiquated idea, but it\'s a discount worth exploring if you are wed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"how-can-i-get-a-discount-on-homeowners-insurance\">How can I get a discount on homeowners insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The average cost of home insurance in the U.S. is $2,305 per year, or $192 per month. Of course, homeowners with larger-than-average properties can expect to pay more. Every discount means more money to save or invest and every discount is worth exploring. If you\'re interested in how to get discounts on homeowners insurance, here are some of the best home insurance savings tips:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Shop around. Don\'t assume that all insurer\'s rates are the same or that they use the same criteria to determine rates. It\'s possible to save hundreds of dollars a year by switching.</li><li>Ask an insurance agent for all of the homeowners insurance discounts available through their company, no matter how small.</li><li>Take advantage of \"obvious\" discounts. For example, make sure there\'s a fire extinguisher on every floor, smoke alarms, carbon monoxide detectors, and other potentially life-saving equipment installed in your home.</li><li>Find out what each insurance provider considers an \"attractive nuisance.\" An attractive nuisance is anything dangerous that may attract children and pose a health or safety risk. Examples of attractive nuisances are trampolines, swimming pools, bike or skateboard ramps, and treehouses. Even a large fountain filled with water or a koi pond could be considered an attractive nuisance. While foregoing these attractive nuisances won\'t earn you homeowners insurance discounts, having them will likely hike the rate of the homeowners insurance.</li><li>Raise the deductible. The more a policyholder is willing to pay as a deductible, the lower the policy rate.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.fool.com/the-ascent/insurance/homeowners/discounts/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Get Discounts on Homeowners Insurance','','inherit','closed','closed','','3125-revision-v1','','','2023-04-27 18:54:43','2023-04-27 18:54:43','',3125,'http://smartinsurance.tips/?p=3127',0,'revision','',0),(3128,1,'2023-04-30 01:48:34','2023-04-30 01:48:34','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Smart thermostats, wifi-enabled sprinklers, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3129,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Tech-Tips.png\" alt=\"\" class=\"wp-image-3129\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Your home is your castle, so you want to make it as comfortable as possible. Integrating technology can provide not only convenience, but also make your home more efficient—which is good for the planet and your wallet. While certain upgrades, like being able to control your heating, cooling, and lighting with your smart phone, may sound unnecessarily convenient, they can give you more control over your energy use, and, in turn, your bills.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-2\">So, don\'t be afraid of smart home technology. When you use it right, it can quickly pay for itself. We asked home experts which tech home upgrades are most worth it to save money and energy. Find out what they recommend, and why, below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-7\">Water efficiency tools</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">According to the Environmental Protection Agency, the average American uses 82 gallons of water per day at home. And according to Thumbtack’s home expert, David Steckel, this is problematic because sustainable water consumption is important—especially in drought-prone areas of the country.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-10\">“There\'s a lot of work that we can do to improve our water consumption, and in turn make it more sustainable,” he says.&nbsp; “From low-flow showers to tankless water heaters and smart irrigation systems, we’ll continue to see a rise in smart home technologies that help us minimize our climate footprint.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">The EPA also notes that 10 percent of households waste 90 gallons of water a day through toilets, faucets, and other types of leaks in the home. \"There are a lot of new advancements in smart home technology that can automatically shut off water systems if a leak is detected,” Steckel says. Smart water leak detectors have sensors that will trigger when just a few drops are detected, and also send alerts when water pressure changes or water usage spikes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-14\">Smart technology can help you use water more efficiently outside your home, too. “Wifi enabled sprinkler systems that monitor real-time rainfall and adjust the watering times save both water and energy,” says Karen Kostiw, a real estate agent at Coldwell Banker Warburg in New York City.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-18\">Energy efficient appliances</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-19\">Opting for energy efficient appliances (specifically those with the Energy Star symbol) throughout the house can help you save energy and money. Energy Star-certified refrigerators, for example, are approximately 9 percent more energy efficient than other models that just meet the federal minimum standard for energy efficiency. They have compressors that create less heat and use less energy, along with improvements in insulation, and also temperature and defrost components that are more efficient to operate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-21\">“Of course, no matter how much money one has, most people want to save as much as they can,” Dawn Watson, a Hamptons-based licensed real estate agent at SERHANT, says. “Energy-efficient appliances do just that, plus they\'re better for the environment, and are standard in new product lines from most major brands.” In addition to refrigerators and freezers, other types of energy-efficient appliances include washing machines, dryers, dishwashers, and dehumidifiers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-23\">Some of these energy efficient machines are also smart appliances. These offer a variety of features, such as letting you look inside the fridge without opening the door, sending an alert when someone opens the refrigerator door, and allowing you to schedule your dishwasher, washing machine, or dryer to operate when the electricity rates are low.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">Smart thermostats are another beneficial addition, allowing you to monitor and control temperatures (via your phone) when you\'re home and when you\'re away. \"You can regulate your home\'s temperature on a real-time basis and this will minimize energy bills,” says Kostiw. \"This ensures the home is safely regulated and will prevent any damage when the temperature drops or heats up quickly.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">Kostiw explains that this is important because while you’re out of town, the temperature could unexpectedly drop quickly, and your pipes could burst. “Therefore, the ability to maintain the temperature while you\'re away enables you to avoid such a problem,” she says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-29\">Home monitoring and security devices</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-30\">One way to save money is by avoiding home thefts. “Ring doorbells were all the rave last year, and home safety is a growing category for smart home technology,” says Steckel. \"From security systems that are compatible with Alexa and Google Assistant, to smart locks that give us peace of mind when questioning whether or not we locked the door as we were running out of the house, it’s getting easier to afford and access home safety systems with our phones and smart home technology.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-32\">Another smart device you may not have considered: “Garage door openers that can be used via your phone allows deliveries to be made inside your garage, which reduces the risk of package theft from deliveries being left outside and stolen,” says Kostiw. Both Amazon and Walmart have established programs for in-garage deliveries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-34\">Smart lighting</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">The ability to remotely turn lights on and off is another tech advance that can provide security and convenience. <strong>“</strong>Being able to turn outside lights on and off from the comfort of your bed is a great way to monitor funny sounds in the yard,” says Ellen I. Sykes, broker at Coldwell Banker Warburg in New York City.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">In addition, don’t underestimate the value of smart LED light bulbs. “If you replace your regular bulbs with these, you can turn everything on and off from your armchair and your iPhone, and this is particularly helpful for people who can’t get around as easily as they would like,” Sykes says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Plus, if you leave the house without turning off the lights, you can flip the switch remotely and save on electricity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-41\">Solar energy technology</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-42\">As electricity costs continue to rise, solar energy is increasing in popularity. “Bottom line—solar energy is an excellent option for those who are looking to save on their electric bills and decrease their carbon footprint,” Steckel says. “Higher quality panels may cost more upfront, but will most likely save you a good chunk of change in the long term.” The average payback period—how long it takes before you\'ve saved more than you spent—for solar is about 8 years, according to Energysage, but solar panels can last for 25 to 30 years, giving you at least 17 years of major savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-44\">According to <em>Forbes</em>, the average cost of solar panels for homes is $16,000, but the costs range from $3,500 to $35,000, depending on the type and model. Steckel says the cost is based on several factors, including how much solar energy the panels need to generate, and also the slope of your south-facing roof—since that’s where the solar panels tend to be mounted. “Typically, solar panels cost between $0.30 and $1.30 per watt, without installation costs—so it will cost $75-$490 for each solar panel.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-48\">Homeowners are also turning to portable solar generators to keep the lights and other items on during power outages. Conventional generators can only be used outdoors since they pose health and safety concerns, but portable solar generators can operate indoors and can be charged via a wall outlet or even a 12-volt car outlet. Once charged, you can plug everything from smartphones and laptops to coffee makers, blenders, TVs, and refrigerators into these devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-50\">While smart home tech can can be costly at first, many of these upgrades are small changes that account for big payoffs. So, if you\'re looking to lower your bills and make your home more energy efficient, consider slowly integrating some of this technology into your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.realsimple.com/home-technology-to-save-money-and-energy-7229250\">click here.</a></p>\n<!-- /wp:paragraph -->','Home Tech Upgrades That Can Save Money and Make Your Home More Efficient','','publish','closed','closed','','home-tech-upgrades-that-can-save-money-and-make-your-home-more-efficient','','','2023-04-30 01:48:34','2023-04-30 01:48:34','',0,'http://smartinsurance.tips/?p=3128',0,'post','',0),(3129,1,'2023-04-30 01:44:45','2023-04-30 01:44:45','','Tech-Tips','','inherit','closed','closed','','tech-tips-6','','','2023-04-30 01:44:45','2023-04-30 01:44:45','',3128,'http://smartinsurance.tips/wp-content/uploads/2023/04/Tech-Tips.png',0,'attachment','image/png',0),(3130,1,'2023-04-30 01:48:34','2023-04-30 01:48:34','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Smart thermostats, wifi-enabled sprinklers, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3129,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Tech-Tips.png\" alt=\"\" class=\"wp-image-3129\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Your home is your castle, so you want to make it as comfortable as possible. Integrating technology can provide not only convenience, but also make your home more efficient—which is good for the planet and your wallet. While certain upgrades, like being able to control your heating, cooling, and lighting with your smart phone, may sound unnecessarily convenient, they can give you more control over your energy use, and, in turn, your bills.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-2\">So, don\'t be afraid of smart home technology. When you use it right, it can quickly pay for itself. We asked home experts which tech home upgrades are most worth it to save money and energy. Find out what they recommend, and why, below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-7\">Water efficiency tools</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">According to the Environmental Protection Agency, the average American uses 82 gallons of water per day at home. And according to Thumbtack’s home expert, David Steckel, this is problematic because sustainable water consumption is important—especially in drought-prone areas of the country.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-10\">“There\'s a lot of work that we can do to improve our water consumption, and in turn make it more sustainable,” he says.&nbsp; “From low-flow showers to tankless water heaters and smart irrigation systems, we’ll continue to see a rise in smart home technologies that help us minimize our climate footprint.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">The EPA also notes that 10 percent of households waste 90 gallons of water a day through toilets, faucets, and other types of leaks in the home. \"There are a lot of new advancements in smart home technology that can automatically shut off water systems if a leak is detected,” Steckel says. Smart water leak detectors have sensors that will trigger when just a few drops are detected, and also send alerts when water pressure changes or water usage spikes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-14\">Smart technology can help you use water more efficiently outside your home, too. “Wifi enabled sprinkler systems that monitor real-time rainfall and adjust the watering times save both water and energy,” says Karen Kostiw, a real estate agent at Coldwell Banker Warburg in New York City.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-18\">Energy efficient appliances</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-19\">Opting for energy efficient appliances (specifically those with the Energy Star symbol) throughout the house can help you save energy and money. Energy Star-certified refrigerators, for example, are approximately 9 percent more energy efficient than other models that just meet the federal minimum standard for energy efficiency. They have compressors that create less heat and use less energy, along with improvements in insulation, and also temperature and defrost components that are more efficient to operate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-21\">“Of course, no matter how much money one has, most people want to save as much as they can,” Dawn Watson, a Hamptons-based licensed real estate agent at SERHANT, says. “Energy-efficient appliances do just that, plus they\'re better for the environment, and are standard in new product lines from most major brands.” In addition to refrigerators and freezers, other types of energy-efficient appliances include washing machines, dryers, dishwashers, and dehumidifiers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-23\">Some of these energy efficient machines are also smart appliances. These offer a variety of features, such as letting you look inside the fridge without opening the door, sending an alert when someone opens the refrigerator door, and allowing you to schedule your dishwasher, washing machine, or dryer to operate when the electricity rates are low.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">Smart thermostats are another beneficial addition, allowing you to monitor and control temperatures (via your phone) when you\'re home and when you\'re away. \"You can regulate your home\'s temperature on a real-time basis and this will minimize energy bills,” says Kostiw. \"This ensures the home is safely regulated and will prevent any damage when the temperature drops or heats up quickly.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">Kostiw explains that this is important because while you’re out of town, the temperature could unexpectedly drop quickly, and your pipes could burst. “Therefore, the ability to maintain the temperature while you\'re away enables you to avoid such a problem,” she says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-29\">Home monitoring and security devices</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-30\">One way to save money is by avoiding home thefts. “Ring doorbells were all the rave last year, and home safety is a growing category for smart home technology,” says Steckel. \"From security systems that are compatible with Alexa and Google Assistant, to smart locks that give us peace of mind when questioning whether or not we locked the door as we were running out of the house, it’s getting easier to afford and access home safety systems with our phones and smart home technology.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-32\">Another smart device you may not have considered: “Garage door openers that can be used via your phone allows deliveries to be made inside your garage, which reduces the risk of package theft from deliveries being left outside and stolen,” says Kostiw. Both Amazon and Walmart have established programs for in-garage deliveries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-34\">Smart lighting</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">The ability to remotely turn lights on and off is another tech advance that can provide security and convenience. <strong>“</strong>Being able to turn outside lights on and off from the comfort of your bed is a great way to monitor funny sounds in the yard,” says Ellen I. Sykes, broker at Coldwell Banker Warburg in New York City.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">In addition, don’t underestimate the value of smart LED light bulbs. “If you replace your regular bulbs with these, you can turn everything on and off from your armchair and your iPhone, and this is particularly helpful for people who can’t get around as easily as they would like,” Sykes says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Plus, if you leave the house without turning off the lights, you can flip the switch remotely and save on electricity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-41\">Solar energy technology</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-42\">As electricity costs continue to rise, solar energy is increasing in popularity. “Bottom line—solar energy is an excellent option for those who are looking to save on their electric bills and decrease their carbon footprint,” Steckel says. “Higher quality panels may cost more upfront, but will most likely save you a good chunk of change in the long term.” The average payback period—how long it takes before you\'ve saved more than you spent—for solar is about 8 years, according to Energysage, but solar panels can last for 25 to 30 years, giving you at least 17 years of major savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-44\">According to <em>Forbes</em>, the average cost of solar panels for homes is $16,000, but the costs range from $3,500 to $35,000, depending on the type and model. Steckel says the cost is based on several factors, including how much solar energy the panels need to generate, and also the slope of your south-facing roof—since that’s where the solar panels tend to be mounted. “Typically, solar panels cost between $0.30 and $1.30 per watt, without installation costs—so it will cost $75-$490 for each solar panel.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-48\">Homeowners are also turning to portable solar generators to keep the lights and other items on during power outages. Conventional generators can only be used outdoors since they pose health and safety concerns, but portable solar generators can operate indoors and can be charged via a wall outlet or even a 12-volt car outlet. Once charged, you can plug everything from smartphones and laptops to coffee makers, blenders, TVs, and refrigerators into these devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-50\">While smart home tech can can be costly at first, many of these upgrades are small changes that account for big payoffs. So, if you\'re looking to lower your bills and make your home more energy efficient, consider slowly integrating some of this technology into your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.realsimple.com/home-technology-to-save-money-and-energy-7229250\">click here.</a></p>\n<!-- /wp:paragraph -->','Home Tech Upgrades That Can Save Money and Make Your Home More Efficient','','inherit','closed','closed','','3128-revision-v1','','','2023-04-30 01:48:34','2023-04-30 01:48:34','',3128,'http://smartinsurance.tips/?p=3130',0,'revision','',0),(3131,1,'2023-04-30 01:58:37','2023-04-30 01:58:37','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s not as daunting a task as you may think.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3132,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Retirement.png\" alt=\"\" class=\"wp-image-3132\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Building a retirement fund—which we will define as saving enough money to pay your bills when you are no longer working—can seem like a daunting challenge. Taking a practical approach that focuses on what you can do today will help you tackle the challenge one step at a time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Building a successful retirement plan is a long-term process requiring commitment and discipline.</li><li>Your primary goals should be increasing your income and reducing your debts.</li><li>It’s not enough to save money; you need to invest it wisely.</li><li>Retirement accounts often have tax advantages; by taking advantage of your company\'s 401(k), you may also receive matching contributions.</li><li>Retirement savers may also contribute to IRAs with contributions limited to $6,500 in 2023 (excluding catch-up contributions).</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">Retirement Fund Theory vs. Reality</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Regardless of your current age or income, the recipe for a successful retirement fund has a simple formula: Set a goal, commit to it, and repeat. One common approach encourages would-be investors to participate in their employer-sponsored retirement savings plan. Another suggests entering personal information into a retirement planning calculator in order to project how much money will be needed in order to fund retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">While both ideas are great in theory, reality can come crashing down quickly. Consider, for example, that about 31% of all private-sector workers in the U.S. don’t have access to retirement benefits, as of March 2022, as reported by the U.S. Bureau of Labor Statistics. That, of course, leaves 69% who do, but only 75% of workers with access to a plan choose to participate in it, and only 52% of all American workers in the private industry are saving in one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-9\">Also, the enormous dollar amounts that most people see when they use a retirement planning calculator can be disheartening. A savings goal of a million or more dollars can seem unreachable to younger workers with low incomes, high debts, and nothing in the bank.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">“Thinking in terms of the total amount of money you will need in retirement is daunting. But I believe if you break it down into small steps, it is much easier to swallow,” says Shane P. Larson, CFP, an independent financial planner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-13\">Given these realities, let’s start with a difficult scenario—one most of us find ourselves in early in our careers—and lay out a practical plan for building a retirement fund. Under this scenario, we’ll assume that you do not have an employer-sponsored savings plan and a high-paying job and do have a high debt burden from college loans, a car payment, and rent or a mortgage, in addition to living expenses,</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0-1\">52% The number of American workers working in the private sector who are participating in a retirement plan in 2022.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-17\">Set a Goal, Commit, Repeat</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Several goals can be set in this scenario. The first is to start saving. Even if it’s just a few dollars a week, open up a bank account and deposit the money. While a bank account isn’t the best investment vehicle in the world, it is a great way to start to make saving a habit. Remember, building a retirement fund is a long-term journey—and, as the saying goes, even a journey of a thousand miles starts with a single step.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">Once you’ve set and committed to the goal of saving, the next goals are clear: increase your income and reduce your debts. Achieving the first objective will help you achieve the second one. To increase your income, you can either take a second job or get a better-paying job than the one you currently have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Important:</strong> The power of compound interest is crucial to successful retirement planning.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">Although it may take time and effort to increase your income, it will help you stick to your plan if you keep in mind that this is a long-term effort. Set a goal of getting a better job (or a second job), then commit time to a dedicated job search.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-26\">Once you’ve achieved your goal, your newfound income will enable you to reduce your debts. Then you will be able to tuck more money into your retirement fund. Putting together a budget can help you with this process. It’s a great way to make sure your money is being used wisely. Remember that the earlier you start, the more time your savings have to increase through what experts call “the magic of compound interest.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-28\">“The power of compound interest is the eighth wonder of the world. Having a long-term mindset with compound interest as your ally will allow you to turn a small, consistent savings rate into a comfortable retirement,” says Mark Hebner, founder, and president of Index Fund Advisors, Inc. in Irvine, Calif., and author of \"Index Funds: The 12-Step Recovery Program for Active Investors.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-30\">Don’t Just Save, Invest</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">Once you’ve increased your income and your savings, you should have enough money saved up to trade in your bank account for an individual retirement account (IRA). At this stage, you are transitioning from saving money to investing money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-33\">The Internal Revenue Service (IRS) establishes the annual limit as to how much a person can contribute to an IRA. For 2022, individuals under age 50 can contribute $6,000 to an IRA. If you\'re over the age of 50, you can add a catch-up contribution of $1,000 for a total of $7,000 per year. For 2023, these numbers are $6,500 and $7,500, respectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can, of course, start with a much smaller amount. An IRA is different from a regular investment account; you need to open one with a firm that handles IRAs. If you don’t know much about investing, think of it as a way to put your money to work earning more money. From a practical standpoint, you can start by putting your money into a mutual fund, as it is one of the easiest methods of investing for beginners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">Just choose either an index fund that replicates a major U.S. stock market index, such as the S&amp;P 500, or an actively managed fund that invests in blue-chip stocks. To get focused, set a goal of learning more about investing and commit to that goal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Start by checking out Investopedia\'s introduction to investing to pick up the basics and get the terminology down. Let topics that catch your attention help you to determine the next subject that you would like to learn about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-41\">Again, this is a long-term endeavor. Don’t try to absorb everything all at once. Just start reading, commit to doing it regularly, and stick to it. As you learn more, take time to teach yourself about mutual fund fees and make sure you aren’t reducing your returns by paying more than you need to.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-43\">Get Yourself a 401(k)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-44\">Once you master the art of budgeting and start investing, you’ll probably want more money to increase both your standard of living and the amount you invest. Another job search can help you to achieve these goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-46\">This time, look for a job that offers a 401(k) plan with an employer that matches your contributions. Invest enough to get the full company match. Over time, as you get raises and promotions, increase your contribution rate to the maximum allowable amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-48\">“Working for a company with a 401(k) is one thing. Working for a company that offers matching contributions is another. 401(k) matching is where you can really see your funds grow—and fast,” says David N. Waldrop, CFP, president of Bridgeview Capital Advisors, Inc., in El Dorado Hills, Calif.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-50\">The IRS has established annual contribution limits for 401(k)s. The maximum contribution to a 401(k)—as an employee—is $20,500 for 2022 ($22,500 for 2023). If you are over the age of 50, catch-up contributions totaling $6,500 for 2022 ($7,500 for 2023) are also allowed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-52\">For example, let\'s say you earn $50,000 per year, and your employer is willing to match 5% of your salary as long as you also contribute a minimum of 5%. As a result, your minimum contribution would be $2,500 (5% of $50,000), and your employer would deposit $2,500 annually into your 401(k). The employer match is free money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-54\">The annual match has the potential to increase your savings rate dramatically because the matching contributions get invested, and the interest and earnings on that money get compounded over the years along with your contributions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can I Set Up My Own Retirement Fund?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Yes, you can set up your own retirement fund. One of the most common ways in doing so is by opening an individual retirement account (IRA). IRAs come in two forms: a traditional IRA, which is funded with pre-tax dollars, and a Roth IRA, which is funded with after-tax dollars. The annual contribution for both is $6,000 in 2022 and $6,500 in 2023, with a catch-up contribution of $1,000 if you are age 50 and older. Roth IRAs come with income limits, which determine if and how much you can contribute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Do I Create a Retirement Plan?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Creating a retirement plan starts with creating a budget. Knowing how much income you have coming in and what your expenses are, will help you understand your financial situation. The goal of this is to cut down on debt and save money. The more you save, the more you can put toward retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you have money saved, you can start contributing to retirement plans, such as individual retirement accounts (IRAs). If your employer has a 401(K), you can contribute there as well, particularly if they match contributions. Other such plans include 403(b)s, 457(s), and the Thrift Savings Plan. If you\'re closer to retirement as opposed to starting out in your career, you will have a better idea of how much money you will need in retirement and you can start adjusting for that.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can You Build Your Own 401(k)?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you do not work for an employer, you cannot contribute to a traditional 401(k); however, if you are self-employed, you can build your own 401(k). For example, if you are self-employed and have no employees, you can open a solo 401(k) and can contribute to it as both employer and employee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-62\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-63\">Retirement planning is a long-term endeavor. Think of a marathon rather than a sprint. It will take most people a lifetime of effort to build a solid retirement fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-65\">“Preparing for retirement is more about persistence and less about brilliance,” says Craig L. Israelsen, Ph.D., investment portfolio designer of 7Twelve Portfolio in Springville, Utah. “When thinking about getting ready for retirement, think Crock-Pot—not microwave.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-67\">Commit to the effort and continue bettering your position by reducing your debts, improving your income, and increasing your education (among other activities). While the early years will be a challenge, with every passing year, the progress that you have made will become more evident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/personal-finance/102815/how-make-your-own-retirement-fund.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Make Your Own Retirement Fund','','publish','closed','closed','','how-to-make-your-own-retirement-fund','','','2023-04-30 01:58:37','2023-04-30 01:58:37','',0,'http://smartinsurance.tips/?p=3131',0,'post','',0),(3132,1,'2023-04-30 01:50:14','2023-04-30 01:50:14','','Retirement','','inherit','closed','closed','','retirement-5','','','2023-04-30 01:50:14','2023-04-30 01:50:14','',3131,'http://smartinsurance.tips/wp-content/uploads/2023/04/Retirement.png',0,'attachment','image/png',0),(3133,1,'2023-04-30 01:58:37','2023-04-30 01:58:37','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s not as daunting a task as you may think.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3132,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Retirement.png\" alt=\"\" class=\"wp-image-3132\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Building a retirement fund—which we will define as saving enough money to pay your bills when you are no longer working—can seem like a daunting challenge. Taking a practical approach that focuses on what you can do today will help you tackle the challenge one step at a time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Building a successful retirement plan is a long-term process requiring commitment and discipline.</li><li>Your primary goals should be increasing your income and reducing your debts.</li><li>It’s not enough to save money; you need to invest it wisely.</li><li>Retirement accounts often have tax advantages; by taking advantage of your company\'s 401(k), you may also receive matching contributions.</li><li>Retirement savers may also contribute to IRAs with contributions limited to $6,500 in 2023 (excluding catch-up contributions).</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">Retirement Fund Theory vs. Reality</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Regardless of your current age or income, the recipe for a successful retirement fund has a simple formula: Set a goal, commit to it, and repeat. One common approach encourages would-be investors to participate in their employer-sponsored retirement savings plan. Another suggests entering personal information into a retirement planning calculator in order to project how much money will be needed in order to fund retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">While both ideas are great in theory, reality can come crashing down quickly. Consider, for example, that about 31% of all private-sector workers in the U.S. don’t have access to retirement benefits, as of March 2022, as reported by the U.S. Bureau of Labor Statistics. That, of course, leaves 69% who do, but only 75% of workers with access to a plan choose to participate in it, and only 52% of all American workers in the private industry are saving in one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-9\">Also, the enormous dollar amounts that most people see when they use a retirement planning calculator can be disheartening. A savings goal of a million or more dollars can seem unreachable to younger workers with low incomes, high debts, and nothing in the bank.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">“Thinking in terms of the total amount of money you will need in retirement is daunting. But I believe if you break it down into small steps, it is much easier to swallow,” says Shane P. Larson, CFP, an independent financial planner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-13\">Given these realities, let’s start with a difficult scenario—one most of us find ourselves in early in our careers—and lay out a practical plan for building a retirement fund. Under this scenario, we’ll assume that you do not have an employer-sponsored savings plan and a high-paying job and do have a high debt burden from college loans, a car payment, and rent or a mortgage, in addition to living expenses,</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0-1\">52% The number of American workers working in the private sector who are participating in a retirement plan in 2022.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-17\">Set a Goal, Commit, Repeat</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Several goals can be set in this scenario. The first is to start saving. Even if it’s just a few dollars a week, open up a bank account and deposit the money. While a bank account isn’t the best investment vehicle in the world, it is a great way to start to make saving a habit. Remember, building a retirement fund is a long-term journey—and, as the saying goes, even a journey of a thousand miles starts with a single step.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">Once you’ve set and committed to the goal of saving, the next goals are clear: increase your income and reduce your debts. Achieving the first objective will help you achieve the second one. To increase your income, you can either take a second job or get a better-paying job than the one you currently have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Important:</strong> The power of compound interest is crucial to successful retirement planning.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">Although it may take time and effort to increase your income, it will help you stick to your plan if you keep in mind that this is a long-term effort. Set a goal of getting a better job (or a second job), then commit time to a dedicated job search.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-26\">Once you’ve achieved your goal, your newfound income will enable you to reduce your debts. Then you will be able to tuck more money into your retirement fund. Putting together a budget can help you with this process. It’s a great way to make sure your money is being used wisely. Remember that the earlier you start, the more time your savings have to increase through what experts call “the magic of compound interest.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-28\">“The power of compound interest is the eighth wonder of the world. Having a long-term mindset with compound interest as your ally will allow you to turn a small, consistent savings rate into a comfortable retirement,” says Mark Hebner, founder, and president of Index Fund Advisors, Inc. in Irvine, Calif., and author of \"Index Funds: The 12-Step Recovery Program for Active Investors.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-30\">Don’t Just Save, Invest</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">Once you’ve increased your income and your savings, you should have enough money saved up to trade in your bank account for an individual retirement account (IRA). At this stage, you are transitioning from saving money to investing money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-33\">The Internal Revenue Service (IRS) establishes the annual limit as to how much a person can contribute to an IRA. For 2022, individuals under age 50 can contribute $6,000 to an IRA. If you\'re over the age of 50, you can add a catch-up contribution of $1,000 for a total of $7,000 per year. For 2023, these numbers are $6,500 and $7,500, respectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can, of course, start with a much smaller amount. An IRA is different from a regular investment account; you need to open one with a firm that handles IRAs. If you don’t know much about investing, think of it as a way to put your money to work earning more money. From a practical standpoint, you can start by putting your money into a mutual fund, as it is one of the easiest methods of investing for beginners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">Just choose either an index fund that replicates a major U.S. stock market index, such as the S&amp;P 500, or an actively managed fund that invests in blue-chip stocks. To get focused, set a goal of learning more about investing and commit to that goal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Start by checking out Investopedia\'s introduction to investing to pick up the basics and get the terminology down. Let topics that catch your attention help you to determine the next subject that you would like to learn about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-41\">Again, this is a long-term endeavor. Don’t try to absorb everything all at once. Just start reading, commit to doing it regularly, and stick to it. As you learn more, take time to teach yourself about mutual fund fees and make sure you aren’t reducing your returns by paying more than you need to.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-43\">Get Yourself a 401(k)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-44\">Once you master the art of budgeting and start investing, you’ll probably want more money to increase both your standard of living and the amount you invest. Another job search can help you to achieve these goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-46\">This time, look for a job that offers a 401(k) plan with an employer that matches your contributions. Invest enough to get the full company match. Over time, as you get raises and promotions, increase your contribution rate to the maximum allowable amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-48\">“Working for a company with a 401(k) is one thing. Working for a company that offers matching contributions is another. 401(k) matching is where you can really see your funds grow—and fast,” says David N. Waldrop, CFP, president of Bridgeview Capital Advisors, Inc., in El Dorado Hills, Calif.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-50\">The IRS has established annual contribution limits for 401(k)s. The maximum contribution to a 401(k)—as an employee—is $20,500 for 2022 ($22,500 for 2023). If you are over the age of 50, catch-up contributions totaling $6,500 for 2022 ($7,500 for 2023) are also allowed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-52\">For example, let\'s say you earn $50,000 per year, and your employer is willing to match 5% of your salary as long as you also contribute a minimum of 5%. As a result, your minimum contribution would be $2,500 (5% of $50,000), and your employer would deposit $2,500 annually into your 401(k). The employer match is free money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-54\">The annual match has the potential to increase your savings rate dramatically because the matching contributions get invested, and the interest and earnings on that money get compounded over the years along with your contributions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can I Set Up My Own Retirement Fund?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Yes, you can set up your own retirement fund. One of the most common ways in doing so is by opening an individual retirement account (IRA). IRAs come in two forms: a traditional IRA, which is funded with pre-tax dollars, and a Roth IRA, which is funded with after-tax dollars. The annual contribution for both is $6,000 in 2022 and $6,500 in 2023, with a catch-up contribution of $1,000 if you are age 50 and older. Roth IRAs come with income limits, which determine if and how much you can contribute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Do I Create a Retirement Plan?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Creating a retirement plan starts with creating a budget. Knowing how much income you have coming in and what your expenses are, will help you understand your financial situation. The goal of this is to cut down on debt and save money. The more you save, the more you can put toward retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you have money saved, you can start contributing to retirement plans, such as individual retirement accounts (IRAs). If your employer has a 401(K), you can contribute there as well, particularly if they match contributions. Other such plans include 403(b)s, 457(s), and the Thrift Savings Plan. If you\'re closer to retirement as opposed to starting out in your career, you will have a better idea of how much money you will need in retirement and you can start adjusting for that.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can You Build Your Own 401(k)?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you do not work for an employer, you cannot contribute to a traditional 401(k); however, if you are self-employed, you can build your own 401(k). For example, if you are self-employed and have no employees, you can open a solo 401(k) and can contribute to it as both employer and employee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-62\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-63\">Retirement planning is a long-term endeavor. Think of a marathon rather than a sprint. It will take most people a lifetime of effort to build a solid retirement fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-65\">“Preparing for retirement is more about persistence and less about brilliance,” says Craig L. Israelsen, Ph.D., investment portfolio designer of 7Twelve Portfolio in Springville, Utah. “When thinking about getting ready for retirement, think Crock-Pot—not microwave.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-67\">Commit to the effort and continue bettering your position by reducing your debts, improving your income, and increasing your education (among other activities). While the early years will be a challenge, with every passing year, the progress that you have made will become more evident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/personal-finance/102815/how-make-your-own-retirement-fund.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Make Your Own Retirement Fund','','inherit','closed','closed','','3131-revision-v1','','','2023-04-30 01:58:37','2023-04-30 01:58:37','',3131,'http://smartinsurance.tips/?p=3133',0,'revision','',0),(3134,1,'2023-04-30 02:11:53','2023-04-30 02:11:53','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The world’s climate is changing—but there are things you can do to protect your home and your family from its worst effects.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3135,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Home-improvement.png\" alt=\"\" class=\"wp-image-3135\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Extreme weather and climate disasters have become far more common in the U.S. over the last five years—resulting in thousands of lives lost and billions of dollars in damages. Whether it\'s extreme heat or cold, flooding or wildfires, hurricanes or tornadoes, it\'s happening with greater frequency and more damage than ever before. \"We’re heading towards a world that\'s going to be pretty inhospitable, where extreme storms become the norm,” says Patrick Donaldson, principal architect at Harka Architecture in Portland, Ore. “We really need to start thinking differently about the way we build.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-2\">Whether you\'re already dealing with climate-related damage—or you\'re looking to prevent it from happening—you can take steps to protect your home, no matter what your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-4\">Keep these ideas in mind the next time as you\'re planning home improvements or repairs, to help keep everything and everyone you love safe and sound.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-6\">Learn about your climate risk</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">If you\'ve already dealt with flooding, wildfires, storms, or other extreme weather, you probably have a sense of your current risks. But it\'s helpful to get a sense of what may happen in the decades to come. Online tools like NOAA\'s Climate Explorer and FEMA\'s National Risk Index can be good places to start assessing how temperature changes, sea-level rise, and other changes will impact your home and community now and in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-9\">That may also help you decide whether it\'s worth investing more money in protecting your home. \"Ask yourself how long are you planning to be there, and what may happen in that time frame,\" says Rob Moore, senior policy analyst on the climate adaptation team at the Natural Resources Defense Council. \"If I owned a home in Miami Beach, I\'m not sure I’m going to count on being there for 50 years—it could be underwater in that time frame. What investments do I really want to make in a house that I’m not sure is going to be on dry land in 50 years?\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">You may also want to review your insurance policy, to make sure that you\'re covered for the types of risks that you may face. Regular insurance policies, for instance, don\'t usually cover flooding—you\'d need to buy separate insurance from FEMA for that, Moore says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-15\">Reduce your energy and water usage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Choosing more energy-efficient appliances, heating and cooling systems, and even energy-efficient light bulbs reduces your family\'s carbon footprint, and makes it easier for you to cover your home\'s energy needs in the midst of a power failure. \"Lower energy use helps slow the speed of climate change, costs less to use, and it opens up the door to be able to use alternative energy sources and stay off the grid,\" Donaldson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Reducing your water usage can be incredibly important, especially if you\'re living in an area that\'s at risk of drought. For instance, some homes in the suburbs outside Phoenix have already been cut off from the city water supply, Moore says. \"One of the big climate risks is water scarcity and drought. Choosing highly efficient appliances can reduce your household\'s water use. That should be near the top of the list.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-20\">Add a backup power source</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-21\">Power outages are happening more often: The average number per year increased by 78 percent over the last decade, according to Climate Central. Gas-powered generators have been the most common energy backup, but using solar batteries and solar panels can allow you to use the sun\'s power by day, and store excess energy to keep your home powered at night. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-23\">Electric vehicles may be another source of energy in a pinch. The electric Ford F-150 can be used as a power generator, and other EV manufacturers are looking for ways to allow drivers to use their car batteries to power essential equipment in the event of a power outage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-27\">Landscape smarter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-28\">Something as simple as a shovel, some dirt, and a properly chosen plant or two can make a gigantic difference to your home\'s climate safety, energy-efficiency, and even your comfort.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-30\">Regrade your property</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">All you need is a shovel and some dirt to help protect your home from flooding. Make sure your land slopes away from your home, so water naturally flows away during storms, Moore says. If you\'re in an area that\'s prone to flooding, you can also create rain gardens, lower areas on your property where floodwaters can pool a safe distance from your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-33\">Choose native plants</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-34\">Don\'t fight the local climate—choosing plants and grasses that are native to your area will result in healthier, easier-to-care-for landscaping. \"Especially in areas where water is scarce, hardier native plants need less care and less water,\" Moore says. \"That also helps reduce fire risk.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-36\">Consider your landscaping placement</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">Where you plant is almost as important as what you plant. \"Planting deciduous trees that shade the south side of house blocks the bulk of that hot, high sun in the summer,\" Donaldson says. \"In the fall and winter, when you want the sun to come in, the shade’s no longer affecting it.\" Trellises with vines placed by windows can also provide shade.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">In areas that are prone to wildfires, clear brush and other flammable plants away from your home\'s exterior. \"Planting a lot of shrubs and big ornamental grasses close to your house can be like tinder,\" Moore says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-41\">Extend your downspouts (and maybe add a rain barrel too)</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-42\">\"Most people\'s downspouts only lead a foot away from the house,\" Moore says. \"You want water to drain a minimum of 4 feet away. You can go out to hardware store and buy downspout material for just a few bucks to run it out farther.\" A rain barrel will collect the first 50 gallons of water for future use in your gardens, and can help reduce flooding in smaller storms.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-44\">Design with your climate in mind</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-45\">Your home\'s exterior—AKA the \"envelope\"—should be as strong as possible to protect you from extreme weather. \"When you\'re thinking about the skin of the building—the roof, walls, and floor, the windows, all the areas that touch outside—you want to think about making them more durable and insulated,\" Donaldson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-47\">Add insulation</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-48\">\"The biggest remodeling bang for your buck is insulating your attic,\" Donaldson says. \"Since heat rises, you\'re losing the majority of heat in your home through your roof.\" Insulation keeps your home\'s temperature steady longer, reducing your energy bills and helping you stay comfortable longer in the event of a power outage. Donaldson also recommends insulating the basement, and blowing cellulose insulation into the walls to make your home more airtight without disturbing your siding.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-50\">Choose climate-savvy materials</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-51\">You\'ll find plenty of options for building materials—but keeping your climate in mind can help steer you toward products will protect your home. In areas where wildfires and extreme heat are common, look for flame-resistant and heat-resistant siding and roofing materials, such as metal or Hardie board, while homes in flood zones need water- and mold-resistant products.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-53\">If you\'re living in an area that\'s started to experience more extreme temperatures, be sure to research the materials you\'ll be using to see what guarantees they offer. \"A lot of the sealants, finishes, paints, and stains that we use—their warranties are within a certain temperature range,\" Donaldson says. \"Some of these materials melt, break down and degrade at temperature extremes, so it\'s worth researching that before you use it.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-55\">Vinyl windows may also be impacted by temperature shifts. \"Vinyl and glass have very different expansion and contraction coefficients, so vinyl moves a lot more than glass,\" Donaldson says. \"The vinyl heats up and the gasket fails. As we break temperature records, that\'s going to be an even bigger problem.\" He recommends fiberglass windows as a more climate-safe option.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-57\">Be strategic with your exterior paint and roofing colors</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-58\">Colors like dark gray and black that absorb heat from the sun could make your cooling systems work much harder in hot climates—so opt for white or light colors. \"Dark colors may have a benefit if you\'re in a cooler climate,\" Donaldson says, where they can help your home hold the sun\'s heat.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-62\">Add architectural details that suit your location</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-63\">Built-in shutter systems can help protect your doors and windows if hurricanes are an issue in your area, and big, reinforced overhangs can help keep heavy rains and debris away from the home, Donaldson says. Homes prone to flooding may require raising the foundation, putting the house up on pilings, or adding protective eaves to allow water to move around—but not through—the home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-65\">Windows placed strategically to take advantage of breezes can help cool your home at night—then be shut and shaded during hot days to keep your house cool while minimizing A/C usage, Donaldson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-67\">Protect key systems</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-68\">Many homes have their heating and cooling systems, water heaters, and appliances like washers and dryers in vulnerable locations, such as basements or garages. Placing them on higher floors, or even just elevating them off of the ground, can be helpful. \"Anything you have that’s vulnerable to water coming in, elevate,\" Moore says. \"That could save you from having to replace them.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-70\">Strategize your improvements</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-71\">Updating your home for climate safety isn\'t likely to be a one-shot deal. But as appliances and systems need replacing, it pays to upgrade them with products that are higher quality and better for the environment. \"You may spend more money, but there will be an ROI on that, in fewer repairs later and easier maintenance,\" Donaldson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-75\">Decide what makes the most sense for you—but keep future plans in mind when you do. \"Don’t do something now that you’ll have to tear out down the line,\" Donaldson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-77\">Before you balk at the price of a climate-safe improvement, look for local, state, or federal incentives that could help you cover the cost of securing your home. Legislation like the Inflation Reduction Act includes tax credits and other benefits that can make improving your home\'s energy-efficiency more affordable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.realsimple.com/how-to-make-your-home-climate-safe-7110705\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Make Your Home Climate-Safe','','publish','closed','closed','','how-to-make-your-home-climate-safe','','','2023-04-30 02:11:53','2023-04-30 02:11:53','',0,'http://smartinsurance.tips/?p=3134',0,'post','',0),(3135,1,'2023-04-30 02:00:28','2023-04-30 02:00:28','','Home-improvement','','inherit','closed','closed','','home-improvement-8','','','2023-04-30 02:00:28','2023-04-30 02:00:28','',3134,'http://smartinsurance.tips/wp-content/uploads/2023/04/Home-improvement.png',0,'attachment','image/png',0),(3136,1,'2023-04-30 02:11:53','2023-04-30 02:11:53','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The world’s climate is changing—but there are things you can do to protect your home and your family from its worst effects.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3135,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Home-improvement.png\" alt=\"\" class=\"wp-image-3135\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Extreme weather and climate disasters have become far more common in the U.S. over the last five years—resulting in thousands of lives lost and billions of dollars in damages. Whether it\'s extreme heat or cold, flooding or wildfires, hurricanes or tornadoes, it\'s happening with greater frequency and more damage than ever before. \"We’re heading towards a world that\'s going to be pretty inhospitable, where extreme storms become the norm,” says Patrick Donaldson, principal architect at Harka Architecture in Portland, Ore. “We really need to start thinking differently about the way we build.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-2\">Whether you\'re already dealing with climate-related damage—or you\'re looking to prevent it from happening—you can take steps to protect your home, no matter what your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-4\">Keep these ideas in mind the next time as you\'re planning home improvements or repairs, to help keep everything and everyone you love safe and sound.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-6\">Learn about your climate risk</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">If you\'ve already dealt with flooding, wildfires, storms, or other extreme weather, you probably have a sense of your current risks. But it\'s helpful to get a sense of what may happen in the decades to come. Online tools like NOAA\'s Climate Explorer and FEMA\'s National Risk Index can be good places to start assessing how temperature changes, sea-level rise, and other changes will impact your home and community now and in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-9\">That may also help you decide whether it\'s worth investing more money in protecting your home. \"Ask yourself how long are you planning to be there, and what may happen in that time frame,\" says Rob Moore, senior policy analyst on the climate adaptation team at the Natural Resources Defense Council. \"If I owned a home in Miami Beach, I\'m not sure I’m going to count on being there for 50 years—it could be underwater in that time frame. What investments do I really want to make in a house that I’m not sure is going to be on dry land in 50 years?\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">You may also want to review your insurance policy, to make sure that you\'re covered for the types of risks that you may face. Regular insurance policies, for instance, don\'t usually cover flooding—you\'d need to buy separate insurance from FEMA for that, Moore says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-15\">Reduce your energy and water usage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Choosing more energy-efficient appliances, heating and cooling systems, and even energy-efficient light bulbs reduces your family\'s carbon footprint, and makes it easier for you to cover your home\'s energy needs in the midst of a power failure. \"Lower energy use helps slow the speed of climate change, costs less to use, and it opens up the door to be able to use alternative energy sources and stay off the grid,\" Donaldson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Reducing your water usage can be incredibly important, especially if you\'re living in an area that\'s at risk of drought. For instance, some homes in the suburbs outside Phoenix have already been cut off from the city water supply, Moore says. \"One of the big climate risks is water scarcity and drought. Choosing highly efficient appliances can reduce your household\'s water use. That should be near the top of the list.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-20\">Add a backup power source</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-21\">Power outages are happening more often: The average number per year increased by 78 percent over the last decade, according to Climate Central. Gas-powered generators have been the most common energy backup, but using solar batteries and solar panels can allow you to use the sun\'s power by day, and store excess energy to keep your home powered at night. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-23\">Electric vehicles may be another source of energy in a pinch. The electric Ford F-150 can be used as a power generator, and other EV manufacturers are looking for ways to allow drivers to use their car batteries to power essential equipment in the event of a power outage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-27\">Landscape smarter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-28\">Something as simple as a shovel, some dirt, and a properly chosen plant or two can make a gigantic difference to your home\'s climate safety, energy-efficiency, and even your comfort.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-30\">Regrade your property</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">All you need is a shovel and some dirt to help protect your home from flooding. Make sure your land slopes away from your home, so water naturally flows away during storms, Moore says. If you\'re in an area that\'s prone to flooding, you can also create rain gardens, lower areas on your property where floodwaters can pool a safe distance from your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-33\">Choose native plants</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-34\">Don\'t fight the local climate—choosing plants and grasses that are native to your area will result in healthier, easier-to-care-for landscaping. \"Especially in areas where water is scarce, hardier native plants need less care and less water,\" Moore says. \"That also helps reduce fire risk.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-36\">Consider your landscaping placement</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">Where you plant is almost as important as what you plant. \"Planting deciduous trees that shade the south side of house blocks the bulk of that hot, high sun in the summer,\" Donaldson says. \"In the fall and winter, when you want the sun to come in, the shade’s no longer affecting it.\" Trellises with vines placed by windows can also provide shade.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">In areas that are prone to wildfires, clear brush and other flammable plants away from your home\'s exterior. \"Planting a lot of shrubs and big ornamental grasses close to your house can be like tinder,\" Moore says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-41\">Extend your downspouts (and maybe add a rain barrel too)</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-42\">\"Most people\'s downspouts only lead a foot away from the house,\" Moore says. \"You want water to drain a minimum of 4 feet away. You can go out to hardware store and buy downspout material for just a few bucks to run it out farther.\" A rain barrel will collect the first 50 gallons of water for future use in your gardens, and can help reduce flooding in smaller storms.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-44\">Design with your climate in mind</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-45\">Your home\'s exterior—AKA the \"envelope\"—should be as strong as possible to protect you from extreme weather. \"When you\'re thinking about the skin of the building—the roof, walls, and floor, the windows, all the areas that touch outside—you want to think about making them more durable and insulated,\" Donaldson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-47\">Add insulation</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-48\">\"The biggest remodeling bang for your buck is insulating your attic,\" Donaldson says. \"Since heat rises, you\'re losing the majority of heat in your home through your roof.\" Insulation keeps your home\'s temperature steady longer, reducing your energy bills and helping you stay comfortable longer in the event of a power outage. Donaldson also recommends insulating the basement, and blowing cellulose insulation into the walls to make your home more airtight without disturbing your siding.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-50\">Choose climate-savvy materials</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-51\">You\'ll find plenty of options for building materials—but keeping your climate in mind can help steer you toward products will protect your home. In areas where wildfires and extreme heat are common, look for flame-resistant and heat-resistant siding and roofing materials, such as metal or Hardie board, while homes in flood zones need water- and mold-resistant products.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-53\">If you\'re living in an area that\'s started to experience more extreme temperatures, be sure to research the materials you\'ll be using to see what guarantees they offer. \"A lot of the sealants, finishes, paints, and stains that we use—their warranties are within a certain temperature range,\" Donaldson says. \"Some of these materials melt, break down and degrade at temperature extremes, so it\'s worth researching that before you use it.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-55\">Vinyl windows may also be impacted by temperature shifts. \"Vinyl and glass have very different expansion and contraction coefficients, so vinyl moves a lot more than glass,\" Donaldson says. \"The vinyl heats up and the gasket fails. As we break temperature records, that\'s going to be an even bigger problem.\" He recommends fiberglass windows as a more climate-safe option.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-57\">Be strategic with your exterior paint and roofing colors</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-58\">Colors like dark gray and black that absorb heat from the sun could make your cooling systems work much harder in hot climates—so opt for white or light colors. \"Dark colors may have a benefit if you\'re in a cooler climate,\" Donaldson says, where they can help your home hold the sun\'s heat.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-62\">Add architectural details that suit your location</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-63\">Built-in shutter systems can help protect your doors and windows if hurricanes are an issue in your area, and big, reinforced overhangs can help keep heavy rains and debris away from the home, Donaldson says. Homes prone to flooding may require raising the foundation, putting the house up on pilings, or adding protective eaves to allow water to move around—but not through—the home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-65\">Windows placed strategically to take advantage of breezes can help cool your home at night—then be shut and shaded during hot days to keep your house cool while minimizing A/C usage, Donaldson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-67\">Protect key systems</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-68\">Many homes have their heating and cooling systems, water heaters, and appliances like washers and dryers in vulnerable locations, such as basements or garages. Placing them on higher floors, or even just elevating them off of the ground, can be helpful. \"Anything you have that’s vulnerable to water coming in, elevate,\" Moore says. \"That could save you from having to replace them.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-70\">Strategize your improvements</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-71\">Updating your home for climate safety isn\'t likely to be a one-shot deal. But as appliances and systems need replacing, it pays to upgrade them with products that are higher quality and better for the environment. \"You may spend more money, but there will be an ROI on that, in fewer repairs later and easier maintenance,\" Donaldson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-75\">Decide what makes the most sense for you—but keep future plans in mind when you do. \"Don’t do something now that you’ll have to tear out down the line,\" Donaldson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-77\">Before you balk at the price of a climate-safe improvement, look for local, state, or federal incentives that could help you cover the cost of securing your home. Legislation like the Inflation Reduction Act includes tax credits and other benefits that can make improving your home\'s energy-efficiency more affordable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.realsimple.com/how-to-make-your-home-climate-safe-7110705\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Make Your Home Climate-Safe','','inherit','closed','closed','','3134-revision-v1','','','2023-04-30 02:11:53','2023-04-30 02:11:53','',3134,'http://smartinsurance.tips/?p=3136',0,'revision','',0),(3137,1,'2023-04-30 02:27:55','2023-04-30 02:27:55','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3138,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Small-business.png\" alt=\"\" class=\"wp-image-3138\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Whether you’re launching a part-time e-commerce venture in your basement or serving clients each day in your home, you’ll need the right insurance coverage to protect you from the risks of operating your home-based business. While it’s possible to get some coverage for your business with an endorsement to your homeowners insurance policy, standalone in-home business coverage provides higher limits and more comprehensive coverage. Find out what coverages you need, what you can expect to pay, and where to get the best policy. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-2\">Do I Need Home-Based Business Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-3\">Most home-based business owners will need home-based business insurance in addition to their homeowners policy. That’s especially true if you regularly have business deliveries to your home address or clients in your home. If someone injures themselves during a business-related visit to your home, you could be liable for their medical bills, which wouldn’t be covered by your homeowners insurance.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Even if you work from home and don’t interface with customers or colleagues on the premises, you may need professional liability insurance if you’re in a professional role, which isn’t available as an endorsement to a homeowners policy. You’ll also need product liability coverage if you ship items to customers. Both types of coverage protect you from lawsuits related to your business’s liabilities.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-7\">What Is Home-Based Business Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">Home-based business insurance is a group of coverages designed for business owners who operate out of their homes. Depending on your profession and the type of business activities you conduct from your home, you may need some or all of the coverages below. Some insurance companies package policies into home-based business bundles, which can include different coverages from one company to the next.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-10\">General Liability Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">A commercial general liability policy helps cover legal fees and judgments if your business is sued for damaging a customer’s property or causing a physical injury or advertising injury, such as copyright infringement. It also covers medical bills for non-employees injured on your premises or as a result of operating your business. General liability insurance commonly includes product liability, which covers lawsuits related to a product that causes injury or damage, and is essential for all businesses that sell or use products with customers. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-13\">Professional Liability Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-14\">If you work in a knowledge or technical field and your professional services could result in a loss for one of your clients or customers, you’ll need professional liability insurance, also known as errors &amp; omissions insurance (E&amp;O insurance). This covers your legal defense and judgments for lawsuits arising from claims such as negligence, inaccurate advice, misrepresentation, and violation of good faith and fair dealing. These types of claims are not covered under general liability insurance. Note that while professional liability insurance can often be purchased as an endorsement, it is not included in a business owner’s policy (BOP). </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-16\">Business Personal Property Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-17\">Business property insurance helps pay to repair or replace your damaged or stolen equipment, technology, furniture, inventory, and important documents after a covered peril. For example, if there’s a fire in your home or a break-in that results in a loss, your business personal property policy will pay to both repair or replace that property and cover lost income as a result of the damage. While a typical homeowners policy comes with $2,500 in coverage for your business equipment, that may not be sufficient to cover all the property your business uses to operate. If you transport expensive equipment, you may also need inland marine insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-19\">Business Interruption Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">Business interruption insurance, sometimes known as business income insurance, is often included with a business owner’s policy (BOP), but can also be purchased separately. It helps replace your lost net income if your business is unable to operate after a covered peril, such as a fire or theft.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-22\">Business Owner’s Policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-23\">A business owner’s policy (BOP) typically combines commercial property insurance, general liability insurance, and business interruption insurance in one convenient package. You can often customize a BOP with endorsements tailored to your business type. However, many home business owners may find that a BOP’s commercial property coverage is unnecessary if they work solely out of their home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-25\">Commercial Auto Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-26\">Commercial auto insurance, or business vehicle insurance, is necessary for businesses that own vehicles for business use. If you use your personal vehicle for business use, or your employees use their vehicles for business activities, you may need hired and non-owned auto insurance instead. For example, if you frequently make business deliveries with your car, your personal auto insurance policy may not cover you in the event of an accident. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-28\">Workers’ Compensation Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-29\">Most states require businesses with a certain number of employees to carry workers’ compensation coverage. It pays for medical bills and lost wages after an employee is injured at your business location or while performing their job duties. It also covers some illnesses and diseases contracted while employees are working. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-31\">Cyber Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-32\">While a BOP may pay to recover lost electronic data, other cyber risks may not be covered. If you store client or employee data, especially sensitive data such as payment information, you’ll need a cyber liability policy or endorsement. It covers lost or corrupt data, several types of liabilities, identity theft, cyber extortion, and reputation recovery, in addition to providing business interruption coverage for cyber incidents.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-34\">Home-Based Business Insurance Cost</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">The cost to insure your home-based business will vary based on the risks associated with running your business and the types of coverages you purchase. For some low-risk businesses, a general liability policy can cost as little as $11 per month, and a business property endorsement to a homeowners policy may be sufficient to cover your equipment. Professional liability insurance starts at around $19 per month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><a rel=\"noreferrer noopener\" href=\"https://www.nextinsurance.com/errors-and-omissions-insurance/\" target=\"_blank\"></a> But businesses that need more coverage, such as commercial auto and workers’ compensation, could pay hundreds of dollars per month for insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/home-based-business-insurance-what-it-is-costs-and-companies-7100448\">click here.</a></p>\n<!-- /wp:paragraph -->','Home-Based Business Insurance: What It Is, Costs, and Companies','','publish','closed','closed','','home-based-business-insurance-what-it-is-costs-and-companies','','','2023-04-30 02:27:55','2023-04-30 02:27:55','',0,'http://smartinsurance.tips/?p=3137',0,'post','',0),(3138,1,'2023-04-30 02:13:52','2023-04-30 02:13:52','','Small-business','','inherit','closed','closed','','small-business-10','','','2023-04-30 02:13:52','2023-04-30 02:13:52','',3137,'http://smartinsurance.tips/wp-content/uploads/2023/04/Small-business.png',0,'attachment','image/png',0),(3139,1,'2023-04-30 02:27:55','2023-04-30 02:27:55','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3138,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Small-business.png\" alt=\"\" class=\"wp-image-3138\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Whether you’re launching a part-time e-commerce venture in your basement or serving clients each day in your home, you’ll need the right insurance coverage to protect you from the risks of operating your home-based business. While it’s possible to get some coverage for your business with an endorsement to your homeowners insurance policy, standalone in-home business coverage provides higher limits and more comprehensive coverage. Find out what coverages you need, what you can expect to pay, and where to get the best policy. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-2\">Do I Need Home-Based Business Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-3\">Most home-based business owners will need home-based business insurance in addition to their homeowners policy. That’s especially true if you regularly have business deliveries to your home address or clients in your home. If someone injures themselves during a business-related visit to your home, you could be liable for their medical bills, which wouldn’t be covered by your homeowners insurance.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Even if you work from home and don’t interface with customers or colleagues on the premises, you may need professional liability insurance if you’re in a professional role, which isn’t available as an endorsement to a homeowners policy. You’ll also need product liability coverage if you ship items to customers. Both types of coverage protect you from lawsuits related to your business’s liabilities.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-7\">What Is Home-Based Business Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">Home-based business insurance is a group of coverages designed for business owners who operate out of their homes. Depending on your profession and the type of business activities you conduct from your home, you may need some or all of the coverages below. Some insurance companies package policies into home-based business bundles, which can include different coverages from one company to the next.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-10\">General Liability Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">A commercial general liability policy helps cover legal fees and judgments if your business is sued for damaging a customer’s property or causing a physical injury or advertising injury, such as copyright infringement. It also covers medical bills for non-employees injured on your premises or as a result of operating your business. General liability insurance commonly includes product liability, which covers lawsuits related to a product that causes injury or damage, and is essential for all businesses that sell or use products with customers. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-13\">Professional Liability Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-14\">If you work in a knowledge or technical field and your professional services could result in a loss for one of your clients or customers, you’ll need professional liability insurance, also known as errors &amp; omissions insurance (E&amp;O insurance). This covers your legal defense and judgments for lawsuits arising from claims such as negligence, inaccurate advice, misrepresentation, and violation of good faith and fair dealing. These types of claims are not covered under general liability insurance. Note that while professional liability insurance can often be purchased as an endorsement, it is not included in a business owner’s policy (BOP). </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-16\">Business Personal Property Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-17\">Business property insurance helps pay to repair or replace your damaged or stolen equipment, technology, furniture, inventory, and important documents after a covered peril. For example, if there’s a fire in your home or a break-in that results in a loss, your business personal property policy will pay to both repair or replace that property and cover lost income as a result of the damage. While a typical homeowners policy comes with $2,500 in coverage for your business equipment, that may not be sufficient to cover all the property your business uses to operate. If you transport expensive equipment, you may also need inland marine insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-19\">Business Interruption Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">Business interruption insurance, sometimes known as business income insurance, is often included with a business owner’s policy (BOP), but can also be purchased separately. It helps replace your lost net income if your business is unable to operate after a covered peril, such as a fire or theft.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-22\">Business Owner’s Policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-23\">A business owner’s policy (BOP) typically combines commercial property insurance, general liability insurance, and business interruption insurance in one convenient package. You can often customize a BOP with endorsements tailored to your business type. However, many home business owners may find that a BOP’s commercial property coverage is unnecessary if they work solely out of their home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-25\">Commercial Auto Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-26\">Commercial auto insurance, or business vehicle insurance, is necessary for businesses that own vehicles for business use. If you use your personal vehicle for business use, or your employees use their vehicles for business activities, you may need hired and non-owned auto insurance instead. For example, if you frequently make business deliveries with your car, your personal auto insurance policy may not cover you in the event of an accident. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-28\">Workers’ Compensation Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-29\">Most states require businesses with a certain number of employees to carry workers’ compensation coverage. It pays for medical bills and lost wages after an employee is injured at your business location or while performing their job duties. It also covers some illnesses and diseases contracted while employees are working. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-31\">Cyber Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-32\">While a BOP may pay to recover lost electronic data, other cyber risks may not be covered. If you store client or employee data, especially sensitive data such as payment information, you’ll need a cyber liability policy or endorsement. It covers lost or corrupt data, several types of liabilities, identity theft, cyber extortion, and reputation recovery, in addition to providing business interruption coverage for cyber incidents.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-34\">Home-Based Business Insurance Cost</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">The cost to insure your home-based business will vary based on the risks associated with running your business and the types of coverages you purchase. For some low-risk businesses, a general liability policy can cost as little as $11 per month, and a business property endorsement to a homeowners policy may be sufficient to cover your equipment. Professional liability insurance starts at around $19 per month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><a rel=\"noreferrer noopener\" href=\"https://www.nextinsurance.com/errors-and-omissions-insurance/\" target=\"_blank\"></a> But businesses that need more coverage, such as commercial auto and workers’ compensation, could pay hundreds of dollars per month for insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/home-based-business-insurance-what-it-is-costs-and-companies-7100448\">click here.</a></p>\n<!-- /wp:paragraph -->','Home-Based Business Insurance: What It Is, Costs, and Companies','','inherit','closed','closed','','3137-revision-v1','','','2023-04-30 02:27:55','2023-04-30 02:27:55','',3137,'http://smartinsurance.tips/?p=3139',0,'revision','',0),(3140,1,'2023-04-30 02:36:46','2023-04-30 02:36:46','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3141,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Privacy.png\" alt=\"\" class=\"wp-image-3141\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The thought of someone breaking into your home and stealing your belongings is violating and unnerving. Most homeowners would do anything in their power to deter theft and get some peace of mind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even still, countless homeowners struggle with how to prevent burglars from picking their locks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>The best way to prevent burglars from picking your lock is to install a &nbsp;thumb turn guard or smart lock. This will prevent burglars from lock bumping with a bump key. You can also deter burglars if you install motion-activated security lights near your entry doors and install security cameras that are in plain view.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Burglars use bump keys to lift the plug in locks and break into your home. That’s why it’s ideal to install “unpickable locks” and smart locks so that burglars won’t be able to use bump keys.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Follow along as we explore how to prevent burglars from picking your lock and how you can beef up security.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is Lock Bumping?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Lock bumping is a method that burglars use to pick locks to gain entry to a home</strong>. This method had innocent origins and was used by locksmiths until the criminal world caught on. It is referred to as lock bumping because the process requires a bump key.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Burglars use bump keys to manipulate the tumblers and plug inside locks to open doors. This was quite common for decades, but many modern locks make it much more difficult for burglars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Modern smart locks are mostly pick-proof and are among the best ways to prevent burglars from breaking in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Do You Stop Someone From Picking Your Locks?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can stop someone from picking your locks with everything from smart locks to security cameras. Even simply brightening the area around your entry doors can make burglars think twice about picking your lock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Let’s take a lock at the best ways to prevent burglars from picking your lock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Unpickable Lock</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As the name suggests, unpickable locks stop would-be burglars from picking the lock.&nbsp;<strong>An unpickable lock features a unique mechanism that can prevent burglars from manipulating the tumblers.&nbsp;</strong>They start as low as $20, but high-end unpickable locks cost up to $200 or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">However, it’s worth noting that there is no guarantee that an unpickable lock will thwart a burglar. They are simply designed to prevent burglars from picking your lock in the traditional methods that people typically use. Nonetheless, unpickable locks are a great option and they certainly make it difficult for a burglar to pick your lock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Smart Lock</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many homeowners agree that smart locks offer more peace of mind than standard key locks. They typically work via a keypad and don’t require a key. <strong>Smart locks only require you to use a key if something is wrong with the keypad</strong>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The key mechanism on a smart lock is more secure and often harder to pick than a traditional lock. However, you won’t need to use your spare key in most cases because the keypads are quite reliable. Some smart locks even include a feature to lock the spare keyhole when you don’t need it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another bonus is that smart locks often include additional safety features. For example, brands like Schlage offer <strong>smart locks bundled with video doorbells</strong>. This can help further deter burglars. You can also pair many smart locks with a mobile app and lock or unlock your door when away.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Turn Guard</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Turn guards make it quite difficult for burglars to enter your home. They will hold the thumb-turn component of your deadbolt in place to keep it from turning. <strong>This will prevent a burglar from inserting a bump key into your lock</strong>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The only downside to turn guards is that they can be inconvenient if you frequently enter through that door with a key. However, you can avoid headaches if you simply only use the turn guard at night or when you are away from home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Improve Your Lighting</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Is it pitch black at night around some of your home’s entry doors? If so, then there is a chance that burglars will see that as a perfect opportunity to pick your lock. Burglars are more likely to attempt to break into your home if they are hidden in the dark and don’t feel exposed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Leave a light on near each door if possible. Use motion-activated lights if you want to conserve energy.&nbsp;<strong>Brands like Ring offer cameras with motion-activated lights that can be particularly effective in deterring burglars</strong>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Advertise Your Alarm</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you have an alarm system or not, you should place a sign in your yard or on your porch. It’s worthwhile to install an alarm system, but even if you don’t, <strong>an ADT sign can keep many potential burglars away</strong>. They may not be aesthetically pleasing, but security system signs can also tell burglars that your home isn’t worth the trouble.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While you’re at it, you can always add a “beware of dog” sign even if you don’t have dogs. Dogs are like natural security alarms in many ways and smart burglars don’t want to take the risk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is The Biggest Deterrent To Burglars?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cameras and security alarm systems are the biggest deterrents to burglars. <strong>Lock-picking only accounts for less than 2% of burglary cases, making it a less common method than it once was</strong>. That doesn’t mean that you shouldn’t install smart, unpickable locks. However, it means that you need to focus on securing your home all around to deter burglars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Keep your yard well-trimmed and open so that any burglar that attempts to break into your home will be exposed. This can make them more apprehensive to try anything for fear of getting caught. It’s also smart to&nbsp;<strong>leave several lights and even a TV on when you aren’t at home</strong>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">This can create the illusion that someone is home, which should discourage most burglars. Many homeowners adopt dogs specifically to prevent break-ins, which is a great option if you are an animal lover.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Summing It Up</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can prevent burglars from picking your lock if you install a smart lock. “Unpickable locks” feature unique mechanisms that&nbsp;<strong>make lock bumping nearly impossible</strong>. That is because bump keys won’t fit in the lock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Install a turn guard if you have a lock with a deadbolt. One of the best ways to deter burglars is to install security cameras. <strong>Motion-activated lights near entry doors</strong> can also prevent burglars from picking your lock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://upgradedhome.com/how-to-prevent-burglars-from-picking-your-lock/\">click here.</a></p>\n<!-- /wp:paragraph -->','How To Prevent Burglars From Picking Your Lock','','publish','closed','closed','','how-to-prevent-burglars-from-picking-your-lock','','','2023-04-30 02:36:46','2023-04-30 02:36:46','',0,'http://smartinsurance.tips/?p=3140',0,'post','',0),(3141,1,'2023-04-30 02:30:11','2023-04-30 02:30:11','','Privacy','','inherit','closed','closed','','privacy-10','','','2023-04-30 02:30:11','2023-04-30 02:30:11','',3140,'http://smartinsurance.tips/wp-content/uploads/2023/04/Privacy.png',0,'attachment','image/png',0),(3142,1,'2023-04-30 02:36:46','2023-04-30 02:36:46','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3141,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Privacy.png\" alt=\"\" class=\"wp-image-3141\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The thought of someone breaking into your home and stealing your belongings is violating and unnerving. Most homeowners would do anything in their power to deter theft and get some peace of mind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even still, countless homeowners struggle with how to prevent burglars from picking their locks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>The best way to prevent burglars from picking your lock is to install a &nbsp;thumb turn guard or smart lock. This will prevent burglars from lock bumping with a bump key. You can also deter burglars if you install motion-activated security lights near your entry doors and install security cameras that are in plain view.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Burglars use bump keys to lift the plug in locks and break into your home. That’s why it’s ideal to install “unpickable locks” and smart locks so that burglars won’t be able to use bump keys.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Follow along as we explore how to prevent burglars from picking your lock and how you can beef up security.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is Lock Bumping?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Lock bumping is a method that burglars use to pick locks to gain entry to a home</strong>. This method had innocent origins and was used by locksmiths until the criminal world caught on. It is referred to as lock bumping because the process requires a bump key.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Burglars use bump keys to manipulate the tumblers and plug inside locks to open doors. This was quite common for decades, but many modern locks make it much more difficult for burglars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Modern smart locks are mostly pick-proof and are among the best ways to prevent burglars from breaking in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Do You Stop Someone From Picking Your Locks?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can stop someone from picking your locks with everything from smart locks to security cameras. Even simply brightening the area around your entry doors can make burglars think twice about picking your lock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Let’s take a lock at the best ways to prevent burglars from picking your lock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Unpickable Lock</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As the name suggests, unpickable locks stop would-be burglars from picking the lock.&nbsp;<strong>An unpickable lock features a unique mechanism that can prevent burglars from manipulating the tumblers.&nbsp;</strong>They start as low as $20, but high-end unpickable locks cost up to $200 or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">However, it’s worth noting that there is no guarantee that an unpickable lock will thwart a burglar. They are simply designed to prevent burglars from picking your lock in the traditional methods that people typically use. Nonetheless, unpickable locks are a great option and they certainly make it difficult for a burglar to pick your lock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Smart Lock</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many homeowners agree that smart locks offer more peace of mind than standard key locks. They typically work via a keypad and don’t require a key. <strong>Smart locks only require you to use a key if something is wrong with the keypad</strong>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The key mechanism on a smart lock is more secure and often harder to pick than a traditional lock. However, you won’t need to use your spare key in most cases because the keypads are quite reliable. Some smart locks even include a feature to lock the spare keyhole when you don’t need it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another bonus is that smart locks often include additional safety features. For example, brands like Schlage offer <strong>smart locks bundled with video doorbells</strong>. This can help further deter burglars. You can also pair many smart locks with a mobile app and lock or unlock your door when away.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Turn Guard</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Turn guards make it quite difficult for burglars to enter your home. They will hold the thumb-turn component of your deadbolt in place to keep it from turning. <strong>This will prevent a burglar from inserting a bump key into your lock</strong>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The only downside to turn guards is that they can be inconvenient if you frequently enter through that door with a key. However, you can avoid headaches if you simply only use the turn guard at night or when you are away from home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Improve Your Lighting</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Is it pitch black at night around some of your home’s entry doors? If so, then there is a chance that burglars will see that as a perfect opportunity to pick your lock. Burglars are more likely to attempt to break into your home if they are hidden in the dark and don’t feel exposed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Leave a light on near each door if possible. Use motion-activated lights if you want to conserve energy.&nbsp;<strong>Brands like Ring offer cameras with motion-activated lights that can be particularly effective in deterring burglars</strong>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Advertise Your Alarm</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you have an alarm system or not, you should place a sign in your yard or on your porch. It’s worthwhile to install an alarm system, but even if you don’t, <strong>an ADT sign can keep many potential burglars away</strong>. They may not be aesthetically pleasing, but security system signs can also tell burglars that your home isn’t worth the trouble.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While you’re at it, you can always add a “beware of dog” sign even if you don’t have dogs. Dogs are like natural security alarms in many ways and smart burglars don’t want to take the risk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is The Biggest Deterrent To Burglars?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cameras and security alarm systems are the biggest deterrents to burglars. <strong>Lock-picking only accounts for less than 2% of burglary cases, making it a less common method than it once was</strong>. That doesn’t mean that you shouldn’t install smart, unpickable locks. However, it means that you need to focus on securing your home all around to deter burglars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Keep your yard well-trimmed and open so that any burglar that attempts to break into your home will be exposed. This can make them more apprehensive to try anything for fear of getting caught. It’s also smart to&nbsp;<strong>leave several lights and even a TV on when you aren’t at home</strong>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">This can create the illusion that someone is home, which should discourage most burglars. Many homeowners adopt dogs specifically to prevent break-ins, which is a great option if you are an animal lover.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Summing It Up</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can prevent burglars from picking your lock if you install a smart lock. “Unpickable locks” feature unique mechanisms that&nbsp;<strong>make lock bumping nearly impossible</strong>. That is because bump keys won’t fit in the lock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Install a turn guard if you have a lock with a deadbolt. One of the best ways to deter burglars is to install security cameras. <strong>Motion-activated lights near entry doors</strong> can also prevent burglars from picking your lock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://upgradedhome.com/how-to-prevent-burglars-from-picking-your-lock/\">click here.</a></p>\n<!-- /wp:paragraph -->','How To Prevent Burglars From Picking Your Lock','','inherit','closed','closed','','3140-revision-v1','','','2023-04-30 02:36:46','2023-04-30 02:36:46','',3140,'http://smartinsurance.tips/?p=3142',0,'revision','',0),(3143,1,'2023-04-30 02:59:15','2023-04-30 02:59:15','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3144,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Leadership.png\" alt=\"\" class=\"wp-image-3144\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Exhibiting leadership qualities, like adaptability, can help you to excel at your job as well as advance your career. Developing leadership traits can also improve your professional marketability, whether you’re starting out on your career journey or looking for new opportunities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In this article, we explain the 10 traits of an effective leader and how to develop them, plus list some less favorable leadership traits you should avoid.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What are leadership traits?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Leadership traits are essential qualities that make effective leaders in the workplace. Whether you are managing a team, a department or an entire company, these traits allow you to guide people and projects to success. The most important leadership qualities involve soft skills rather than technical knowledge or industry-specific experience, making leadership traits critical in nearly every occupation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Top 10 leadership traits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To become an effective leader, you should strive to become an expert in your field and aim to cultivate essential leadership qualities. Begin with these 10 examples of leadership traits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">1. Accountability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The best leaders take full responsibility for their team’s performance, whether the outcome is good or bad. As a leader, you should aim to praise your team when they perform well and provide constructive criticism to help them improve. It’s also important for you to take responsibility when you have made a bad decision or done something unfavorable. We are all human and prone to mistakes, but effective leaders recognize their areas of improvement and are open with their team about them. Make a point of serving as a role model, and your team is likely to demonstrate accountability, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">2. Adaptability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Experienced leaders understand that plans, schedules and even goals can change at any time. To become a strong leader, you should aim for a flexible approach that allows you to pivot as necessary. As you develop adaptability, you may also find that you develop related leadership characteristics, such as resourcefulness and problem-solving abilities. To improve your sense of adaptability, practice accepting and overcoming unexpected challenges rather than resisting them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">3. Confidence</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As a key figure in a department or company, every leader should demonstrate confidence to instill motivation. Even when obstacles impact progress, you should strive to exhibit poise and conviction. Leaders who have this quality also tend to build trust quickly with their team and colleagues. Build confidence by practicing your presentations, anticipating the questions you might receive and preparing effective, helpful answers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">4. Creativity</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The best leaders rarely follow established pathways or copy the routes others have taken. Instead, they embrace new ways of thinking and strategies that others have yet to try. As a leader, you should aim to prioritize creativity so you can experiment with innovative solutions and alternative approaches to reach goals. To improve your creativity, try thinking of different resolutions for issues you encounter before moving forward with a plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">5. Empathy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Company leaders like executives, managers and supervisors work at a higher level than other team members. In these positions, you should always try to empathize with the reality that your team experiences so you can work together more easily. To understand your team members better, try scheduling informal meetings to help you acknowledge the challenges they face and the goals they want to achieve.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">6. Focus</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Focus can help you handle possible distractions while achieving major objectives. When you give your attention to the most important aspects, you can complete your biggest goals while managing your time and resources. Try scheduling alternating periods of work without interruptions and less intensive work where you can pause to address other issues. This strategy can help you to concentrate your attention as necessary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">7. Positivity</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Quality leaders use positivity to motivate their team to achieve goals, do their best work and exceed expectations. To be an effective leader, you should exhibit positivity during difficult situations such as overcoming obstacles or delivering constructive criticism. For example, you can focus on the benefits of completing a major project instead of highlighting the hard work your team will have to complete in the process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">8. Risk-taking</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Leaders regularly encounter risks, but they must know when to embrace a challenge and when to take a safe approach. To become a master at navigating risk, start by learning how to assess situations and compare pros and cons. Strive to make decisive judgments so that your team can readily accept and act upon your decisions. Try creating a flowchart with steps so you can evaluate situations and make decisions confidently.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">9. Stability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Although leaders are charged with driving significant change, they also need a strong sense of stability. Taking a steady, reliable approach can allow you to keep your project, team or company on track. Establishing regular routines and telling your team what to expect allows you and your staff members to maintain energy and focus, even as you strive for constant progress. For example, set a weekly meeting to update your team on upcoming changes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">10. Team-building</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even the strongest leaders need dedicated teams to complete projects. To be an effective leader, you must know how to encourage teamwork and collaboration, inspire team members to contribute their best work and motivate colleagues to accomplish seemingly impossible tasks. You can incorporate team-building activities such as icebreakers and group outings to promote bonding and improve communication.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Traits of unfavorable leaders</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Being an effective leader comes with time, experience and the motivation to grow. While the traits listed below may be effective in certain situations, they are overall considered to be unfavorable:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Unwillingness to change</li><li>Indecisive</li><li>Lack of accountability</li><li>Apathetic</li><li>Lack of integrity</li><li>Poor communication</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How to develop the character traits of a leader</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You may have some of these leadership qualities naturally, but you can also work to cultivate critical characteristics. Follow these five steps to develop the traits of an effective leader.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">1. Prioritize learning and training</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Aim to learn as much as you can to build new skills and hone key qualities. Make a list of areas that need improvement and methods that can contribute to your progress. Taking an online course or completing a training session could help you improve your leadership skills through structured lessons and activities. For example, if you need to improve your approach to teamwork, enroll in your company’s next team-building seminar.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">2. Adopt a leadership style</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many prominent leaders create their own versions of the most common approaches to leadership. Get to know some of the most effective styles, and adopt one that works best with your personality, industry and goals. For example, consider a coaching style that centers on helping all of your team members become the best versions of themselves or try a visionary style that enables you to focus on driving progress through innovation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">3. Ask for more responsibilities</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">One of the best ways to practice leadership skills and develop key traits is to take on responsibilities that allow you to lead. Consider asking your supervisor to let you give an important presentation at a meeting or to handle an oversight role during your next project. Focus on advancing the leadership traits you need to improve to get the most out of your new responsibilities. For example, speaking for your team during a meeting can help you work on confidence while overseeing a project can help with team-building.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">4. Improve your communication skills</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The most effective leaders can speak and write clearly as well as listen to understand. Learn to communicate your mission and ideas verbally and in writing, focusing on providing the clearest message possible. You should also understand how to process feedback and suggestions to ensure an objective approach to problem-solving that emphasizes improvement. Since these skills are critical to a leader’s success, consider taking a class on professional communication to better excel in this area.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">5. Learn from a mentor</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Developing leadership traits can be made easier when you work closely with a superior you admire. Take advantage of any mentorship programs your company offers, and develop a relationship with a colleague who is more advanced in your field. You can also seek out a mentor independently through networking events or professional groups. Try scheduling monthly meetings to talk with your mentor about career development and strategies for leading in your field.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How to showcase common leadership traits when applying for a job</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cultivating the qualities of a leader allows you to advance your career, especially when you are applying for a new job. From writing your resume and cover letter to succeeding in an interview, follow these steps to showcase different leadership traits during the job application process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">1. List leadership skills on your resume</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The skills section of your resume can be the ideal opportunity to highlight the leadership traits you have mastered. List three of your best soft skills to showcase which leadership qualities you excel in the most. After each characteristic, include a brief explanation to convey how these soft skills translate to the workplace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Example:</strong><em> “Skilled team builder: Oversaw three specialized teams and provided daily motivation, management and communication during a $10 million client project.”</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">2. Mention leadership characteristics in your cover letter</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Since your resume largely focuses on professional experience and measurable accomplishments, your cover letter is your chance to discuss your soft skills in more detail. Take this opportunity to highlight your most valuable leadership qualities, and explain how and why these traits are relevant to potential employers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Before writing a cover letter, review the job description and make a shortlist of the most important leadership traits for the position. Then include each quality in the narrative of your cover letter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Example:</strong> <em>“After moving into a managerial role and becoming responsible for vetting new projects, I mastered the art of risk assessment. As a result, the projects my team completed were overwhelmingly successful and generated average revenues of $10 million.”</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">3. Discuss leadership personality traits during your interview</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you advance to the interview stage, you have the opportunity to discuss your leadership qualities with your potential employer. To prepare, refer to your list of essential qualities for the position. Think of a few situations where you exhibited those traits at work. Memorize the key points, and be ready to share the best examples at opportune moments during your interview.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Example:</strong> <em>“You mentioned that this role requires flexibility. In my previous position, I learned how to adapt by joining a team that had to pivot based on changing market conditions. This experience helped me become more flexible with my methods to achieve goals.”</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.indeed.com/career-advice/career-development/top-leadership-traits\">click here.</a></p>\n<!-- /wp:paragraph -->','Leadership Traits: 10 Top Qualities of Effective Leaders','','publish','closed','closed','','leadership-traits-10-top-qualities-of-effective-leaders','','','2023-04-30 02:59:15','2023-04-30 02:59:15','',0,'http://smartinsurance.tips/?p=3143',0,'post','',0),(3144,1,'2023-04-30 02:48:16','2023-04-30 02:48:16','','Leadership','','inherit','closed','closed','','leadership-7','','','2023-04-30 02:48:16','2023-04-30 02:48:16','',3143,'http://smartinsurance.tips/wp-content/uploads/2023/04/Leadership.png',0,'attachment','image/png',0),(3145,1,'2023-04-30 02:59:15','2023-04-30 02:59:15','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3144,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Leadership.png\" alt=\"\" class=\"wp-image-3144\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Exhibiting leadership qualities, like adaptability, can help you to excel at your job as well as advance your career. Developing leadership traits can also improve your professional marketability, whether you’re starting out on your career journey or looking for new opportunities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In this article, we explain the 10 traits of an effective leader and how to develop them, plus list some less favorable leadership traits you should avoid.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What are leadership traits?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Leadership traits are essential qualities that make effective leaders in the workplace. Whether you are managing a team, a department or an entire company, these traits allow you to guide people and projects to success. The most important leadership qualities involve soft skills rather than technical knowledge or industry-specific experience, making leadership traits critical in nearly every occupation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Top 10 leadership traits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To become an effective leader, you should strive to become an expert in your field and aim to cultivate essential leadership qualities. Begin with these 10 examples of leadership traits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">1. Accountability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The best leaders take full responsibility for their team’s performance, whether the outcome is good or bad. As a leader, you should aim to praise your team when they perform well and provide constructive criticism to help them improve. It’s also important for you to take responsibility when you have made a bad decision or done something unfavorable. We are all human and prone to mistakes, but effective leaders recognize their areas of improvement and are open with their team about them. Make a point of serving as a role model, and your team is likely to demonstrate accountability, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">2. Adaptability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Experienced leaders understand that plans, schedules and even goals can change at any time. To become a strong leader, you should aim for a flexible approach that allows you to pivot as necessary. As you develop adaptability, you may also find that you develop related leadership characteristics, such as resourcefulness and problem-solving abilities. To improve your sense of adaptability, practice accepting and overcoming unexpected challenges rather than resisting them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">3. Confidence</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As a key figure in a department or company, every leader should demonstrate confidence to instill motivation. Even when obstacles impact progress, you should strive to exhibit poise and conviction. Leaders who have this quality also tend to build trust quickly with their team and colleagues. Build confidence by practicing your presentations, anticipating the questions you might receive and preparing effective, helpful answers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">4. Creativity</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The best leaders rarely follow established pathways or copy the routes others have taken. Instead, they embrace new ways of thinking and strategies that others have yet to try. As a leader, you should aim to prioritize creativity so you can experiment with innovative solutions and alternative approaches to reach goals. To improve your creativity, try thinking of different resolutions for issues you encounter before moving forward with a plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">5. Empathy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Company leaders like executives, managers and supervisors work at a higher level than other team members. In these positions, you should always try to empathize with the reality that your team experiences so you can work together more easily. To understand your team members better, try scheduling informal meetings to help you acknowledge the challenges they face and the goals they want to achieve.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">6. Focus</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Focus can help you handle possible distractions while achieving major objectives. When you give your attention to the most important aspects, you can complete your biggest goals while managing your time and resources. Try scheduling alternating periods of work without interruptions and less intensive work where you can pause to address other issues. This strategy can help you to concentrate your attention as necessary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">7. Positivity</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Quality leaders use positivity to motivate their team to achieve goals, do their best work and exceed expectations. To be an effective leader, you should exhibit positivity during difficult situations such as overcoming obstacles or delivering constructive criticism. For example, you can focus on the benefits of completing a major project instead of highlighting the hard work your team will have to complete in the process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">8. Risk-taking</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Leaders regularly encounter risks, but they must know when to embrace a challenge and when to take a safe approach. To become a master at navigating risk, start by learning how to assess situations and compare pros and cons. Strive to make decisive judgments so that your team can readily accept and act upon your decisions. Try creating a flowchart with steps so you can evaluate situations and make decisions confidently.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">9. Stability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Although leaders are charged with driving significant change, they also need a strong sense of stability. Taking a steady, reliable approach can allow you to keep your project, team or company on track. Establishing regular routines and telling your team what to expect allows you and your staff members to maintain energy and focus, even as you strive for constant progress. For example, set a weekly meeting to update your team on upcoming changes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">10. Team-building</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even the strongest leaders need dedicated teams to complete projects. To be an effective leader, you must know how to encourage teamwork and collaboration, inspire team members to contribute their best work and motivate colleagues to accomplish seemingly impossible tasks. You can incorporate team-building activities such as icebreakers and group outings to promote bonding and improve communication.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Traits of unfavorable leaders</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Being an effective leader comes with time, experience and the motivation to grow. While the traits listed below may be effective in certain situations, they are overall considered to be unfavorable:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Unwillingness to change</li><li>Indecisive</li><li>Lack of accountability</li><li>Apathetic</li><li>Lack of integrity</li><li>Poor communication</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How to develop the character traits of a leader</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You may have some of these leadership qualities naturally, but you can also work to cultivate critical characteristics. Follow these five steps to develop the traits of an effective leader.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">1. Prioritize learning and training</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Aim to learn as much as you can to build new skills and hone key qualities. Make a list of areas that need improvement and methods that can contribute to your progress. Taking an online course or completing a training session could help you improve your leadership skills through structured lessons and activities. For example, if you need to improve your approach to teamwork, enroll in your company’s next team-building seminar.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">2. Adopt a leadership style</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many prominent leaders create their own versions of the most common approaches to leadership. Get to know some of the most effective styles, and adopt one that works best with your personality, industry and goals. For example, consider a coaching style that centers on helping all of your team members become the best versions of themselves or try a visionary style that enables you to focus on driving progress through innovation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">3. Ask for more responsibilities</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">One of the best ways to practice leadership skills and develop key traits is to take on responsibilities that allow you to lead. Consider asking your supervisor to let you give an important presentation at a meeting or to handle an oversight role during your next project. Focus on advancing the leadership traits you need to improve to get the most out of your new responsibilities. For example, speaking for your team during a meeting can help you work on confidence while overseeing a project can help with team-building.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">4. Improve your communication skills</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The most effective leaders can speak and write clearly as well as listen to understand. Learn to communicate your mission and ideas verbally and in writing, focusing on providing the clearest message possible. You should also understand how to process feedback and suggestions to ensure an objective approach to problem-solving that emphasizes improvement. Since these skills are critical to a leader’s success, consider taking a class on professional communication to better excel in this area.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">5. Learn from a mentor</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Developing leadership traits can be made easier when you work closely with a superior you admire. Take advantage of any mentorship programs your company offers, and develop a relationship with a colleague who is more advanced in your field. You can also seek out a mentor independently through networking events or professional groups. Try scheduling monthly meetings to talk with your mentor about career development and strategies for leading in your field.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How to showcase common leadership traits when applying for a job</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cultivating the qualities of a leader allows you to advance your career, especially when you are applying for a new job. From writing your resume and cover letter to succeeding in an interview, follow these steps to showcase different leadership traits during the job application process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">1. List leadership skills on your resume</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The skills section of your resume can be the ideal opportunity to highlight the leadership traits you have mastered. List three of your best soft skills to showcase which leadership qualities you excel in the most. After each characteristic, include a brief explanation to convey how these soft skills translate to the workplace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Example:</strong><em> “Skilled team builder: Oversaw three specialized teams and provided daily motivation, management and communication during a $10 million client project.”</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">2. Mention leadership characteristics in your cover letter</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Since your resume largely focuses on professional experience and measurable accomplishments, your cover letter is your chance to discuss your soft skills in more detail. Take this opportunity to highlight your most valuable leadership qualities, and explain how and why these traits are relevant to potential employers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Before writing a cover letter, review the job description and make a shortlist of the most important leadership traits for the position. Then include each quality in the narrative of your cover letter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Example:</strong> <em>“After moving into a managerial role and becoming responsible for vetting new projects, I mastered the art of risk assessment. As a result, the projects my team completed were overwhelmingly successful and generated average revenues of $10 million.”</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">3. Discuss leadership personality traits during your interview</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you advance to the interview stage, you have the opportunity to discuss your leadership qualities with your potential employer. To prepare, refer to your list of essential qualities for the position. Think of a few situations where you exhibited those traits at work. Memorize the key points, and be ready to share the best examples at opportune moments during your interview.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Example:</strong> <em>“You mentioned that this role requires flexibility. In my previous position, I learned how to adapt by joining a team that had to pivot based on changing market conditions. This experience helped me become more flexible with my methods to achieve goals.”</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.indeed.com/career-advice/career-development/top-leadership-traits\">click here.</a></p>\n<!-- /wp:paragraph -->','Leadership Traits: 10 Top Qualities of Effective Leaders','','inherit','closed','closed','','3143-revision-v1','','','2023-04-30 02:59:15','2023-04-30 02:59:15','',3143,'http://smartinsurance.tips/?p=3145',0,'revision','',0),(3146,1,'2023-04-30 04:30:09','2023-04-30 04:30:09','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Use a product purgatory to part with your unwanted possessions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3147,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/04/Health.png\" alt=\"\" class=\"wp-image-3147\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>KEY POINTS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Although many consumers have more stuff than they want and need, getting rid of unused items is difficult.</li><li>A product purgatory is not merely a convenient storage space that puts the product out of sight and out of mind.</li><li>Purgatory can serve a larger psychological function.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">We all have more and more stuff. Not only do we live in larger and larger houses to accommodate our stuff, but recent years have also seen massive increases in consumers’ rental of personal storage units. That means that consumers are paying with their hard-earned cash to store things they are currently not using, and might in fact never use again. But if having to live with boxes of unused things in their home or having to pay for expensive storage is not enough to get consumers to throw out what they don’t need, what will help?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A new paper provides such help to consumers. The authors (Isaac &amp; Vinoo, 2023) investigate what happens when consumers use a so-called product purgatory: This is a place where consumers store items that they consider discarding. You might have such a product purgatory in your own home without knowing. Maybe you have a space in the attic where you store the clothes and toys that your children have grown out of. Maybe you have a box in the garage for your own no-longer-wanted clothes that you haven’t quite had the heart yet to donate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The research shows that such a product purgatory is not merely a convenient storage space that puts the product out of sight and out of mind. Instead, it can serve a larger psychological function. By placing an item in this product purgatory, consumers can mentally simulate – or imagine in vivid detail – what it would feel like to get rid of the product entirely. The authors conducted several experiments to test this. For example, they asked consumers to take an item from their own kitchens that hadn’t been used in a while to either leave it where it is or move it to a storage location (in the garage or basement). Consumers who had moved the item to such a product purgatory afterward felt readier to dispose of the item than those who had kept the item in their kitchens. This happened because it was easier to imagine disposal when the item was already in purgatory.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I find the role of mental simulation here especially interesting. In my own work (Steinmetz et al., 2018) I have found that mental simulation goes much deeper than simply thinking about something. For example, I asked volunteers to simulate in depth what it’s like to feel cold, and they actually felt colder as a result. This is why I find it really exciting to see that consumers can also simulate parting with unused objects, simply by putting them in a designated space where they store things to be thrown out or donated. Maybe consumers can anticipate the sometimes difficult emotions that arise when parting with an object: maybe some nostalgia, buyer’s regret, relief, or a mix of all of these emotions. Getting a taste of these emotions and feeling that they will pass might allow consumers to take the leap and throw out the object. This might not only relieve consumers of the mental and financial costs of storing unused items but also give them space to appreciate the objects they want to keep and truly love.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.psychologytoday.com/us/blog/the-social-consumer/202303/the-life-hack-that-will-help-you-declutter\">click here.</a></p>\n<!-- /wp:paragraph -->','The Life Hack That Will Help You Declutter','','publish','closed','closed','','the-life-hack-that-will-help-you-declutter','','','2023-04-30 04:30:09','2023-04-30 04:30:09','',0,'http://smartinsurance.tips/?p=3146',0,'post','',0),(3147,1,'2023-04-30 04:28:35','2023-04-30 04:28:35','','Health','','inherit','closed','closed','','health-9','','','2023-04-30 04:28:35','2023-04-30 04:28:35','',3146,'http://smartinsurance.tips/wp-content/uploads/2023/04/Health.png',0,'attachment','image/png',0),