(3332,1,'2023-07-30 11:09:46','2023-07-30 11:09:46','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The earliest you can get Social Security retirement benefits is age 62, but other factors affect retirement planning.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3331,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-75.png\" alt=\"\" class=\"wp-image-3331\"/></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\">The earliest you can get retirement benefits from Social Security is age 62, but waiting longer to claim will boost your benefit amount. Lower expenses and other income sources may help you retire even sooner.</p>\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 find out when you can retire, weigh your expected Social Security benefits and other savings against your estimated expenses. It’s also helpful to build in a contingency plan for emergencies and long-term care and compensate for future inflation.</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\">Estimate your expenses</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\">Financial planners often suggest people think of their expenses as three buckets:</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><strong>Must-haves.</strong> If Social Security and pensions don’t cover all of your must-haves, you may want to consider using some of your savings to buy an annuity that would provide a larger stream of guaranteed income. </li><li><strong>Wants or discretionary expenses.</strong> Money for these might come from other income, such as retirement plan withdrawals or other investments.</li><li><strong>Contingency reserve.</strong> This is kept intact for unexpected expenses and long-term care.</li></ol>\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\">Must-have expenses</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\">These are the costs you’ll need to cover, no matter what. Must-haves 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>Shelter costs (rent or mortgage, property taxes, insurance, maintenance and repairs).</li><li>Groceries.</li><li>Transportation (car payments, insurance, fuel, maintenance and repairs).</li><li>Utilities.</li><li>Minimum payments on any debt.</li><li>Health care. This is a significant part of most retirees’ expenses, averaging 10% to 15% of their total spending. </li><li>Taxes. Most people’s tax rates drop in retirement, but taxes still take 5% to 6% of a typical retired household’s budget. If you’re not working, you’ll no longer pay Social Security or Medicare payroll taxes, but you may owe income taxes on your Social Security benefits if you also receive income from other sources. In addition, pension income and retirement plan withdrawals are typically taxable.</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\">Wants or discretionary costs</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\">These expenses can be reduced or put off if necessary. Discretionary costs can 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>Dining out.</li><li>Travel.</li><li>Entertainment.</li><li>Clothes.</li><li>Housekeeping and other home services.</li><li>Home furnishings.</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\">When markets go into an extended downturn, these expenses would be the first to cut. When your investments are doing better than expected, or you get an inheritance or other windfall, you may be able to boost spending here.</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\">Contingency reserve</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>For emergencies:</strong> An unanticipated repair bill or medical expense can be harder to manage when you can’t volunteer for an extra shift or otherwise easily increase your income. That’s why many planners recommend retirees have a larger emergency fund – perhaps six to 12 months’ worth of expenses, rather than the typical three to six months recommended for working people.</li><li><strong>For long-term care: </strong>Nursing home stays and other custodial care aren’t covered by Medicare. You might consider long-term care insurance to cover these expenses, or alternatively, tapping your home equity or reserving some savings or investments.</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\">Plan when to claim Social Security</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\">On average, Social Security retirement benefits replace roughly 40% of a worker’s pre-retirement salary. Depending on your planned expenses, this amount could be a significant portion of your income during retirement.</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>The earliest you can get retirement benefits from Social Security is age 62, but your checks will be permanently reduced by 25% to 30% from what you could get at full retirement age.</li><li>The full retirement age is currently 66 but is rising to 67 for people born in 1960 and later.</li><li>Your Social Security benefit maxes out at age 70. Your checks could be 24% to 32% more than what you’d get at your full retirement age, and up to 76% larger than what you’d get at 62.</li><li>The average Social Security benefit is $1,784 per month in 2023. The maximum benefit is $3,627 at full retirement age. It’s $4,555 per month if retiring at age 70 and $2,572 for retirement at age 62.</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\"><strong>Other income sources may help you retire sooner</strong></h2>\n<!-- /wp:heading -->\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\">Retirement funds</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 retirees supplement their Social Security benefits with distributions from a retirement account such as a Roth IRA or 401(k).</p>\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 classic rule is to withdraw no more than 4% in the first year and to adjust the amount by the inflation rate every subsequent year. If you withdraw $30,000 and inflation is 5% that year, you increase the next year’s withdrawal by $1,500 (.05 times $30,000) to $31,500. If the next year’s inflation rate is 10%, you add $3,150 to the previous year’s withdrawal, and so on.</p>\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 want to retire early, you may want to start withdrawals at 3% or even less to compensate for the risk of bad markets — or try other strategies that could let you withdraw more if you’re willing to cut back spending occasionally.</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\">Pensions</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 private sector jobs still have traditional pensions, also known as defined benefit plans, but they’re much more common if you’re a government worker or a union member. Payouts typically start at 65, but you may get a smaller amount if you begin earlier.</p>\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 get a pension from a job that did not deduct Social Security tax from your paychecks — that includes many teachers as well as some state and local government workers — it may affect how much Social Security you get because of something known as the windfall elimination provision. You can read more about that on Social Security’s site.</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\">Part-time work</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\">Working longer can be an enormous help in closing the gap between what you have and what you need to retire. Even a part-time job can reduce what you need to draw from your 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\">Also, trying to get back into the job market can be hard if you miscalculate and need to resume work. Keeping a part-time job or side gig could make it easier to transition back to earning more income, should you need it.</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\">Home equity</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 can tap home equity by selling your house, moving to a less expensive home and using the amount you clear to beef up your investments. Or you can consider a reverse mortgage, which allows you to borrow against your home equity. You can get a lump sum, a stream of payments or a line of credit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Reverse mortgages don’t require you to make payments, but the amount you owe grows over time, typically at variable interest rates, and the loan must be paid off when you sell the home, die or move out.</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\">Inheritance</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’s risky to count on an inheritance before you actually get one. The person who would make the bequest could change their mind, need the money themselves or make bad investment choices.</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/investing/social-security/when-can-i-retire#:~:text=income%20during%20retirement.-,The%20earliest%20you%20can%20get%20retirement%20benefits%20from%20Social%20Security,born%20in%201960%20and%20later.\">click here.</a></p>\n<!-- /wp:paragraph -->','When Can I Retire?','','inherit','closed','closed','','3330-revision-v1','','','2023-07-30 11:09:46','2023-07-30 11:09:46','',3330,'http://smartinsurance.tips/?p=3332',0,'revision','',0),(3333,1,'2023-07-30 12:01:08','2023-07-30 12:01:08','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3334,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-76.png\" alt=\"\" class=\"wp-image-3334\"/></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\">Homeowners often undertake remodeling projects with an ulterior motive. Sure, they want to enhance their living space; but frequently they hope the renovation or addition will boost their home’s value as well. After all, aren’t three bathrooms better than two? Who wouldn’t want a state-of-the-art kitchen, a swimming pool or a finished basement? And new exterior siding should make you the envy of the neighborhood, right?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Misguided thinking. When it comes to adding value, not all home improvements are created equal. In fact, “some home projects can actually decrease your home value,” says Northwestern University data scientist Mischa Fisher, former chief economist at Angi, the contractor search service/house renovation site.</p>\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 return on investment that home improvements offer can vary significantly from over 100 percent to a mere 20 percent, depending on the specific type of project you take on. Fact is, very few renovations and remodels fully recoup their costs, or even most of their costs.</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=\"home-improvements\">Do home improvements always add value to the house?</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 short answer is no, home improvements do not always add value to your home. Even if they do, that’s not quite the same as you actually making a profit on the project, or even recouping your costs. There’s a big difference between adding value to your home and earning a return on your investment.</p>\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 improvements might not add significant value because they are too personalized, going beyond the taste of the average buyer, or are not in line with the style and value of other homes in your neighborhood,” says Roman Smolevskiy, a general contractor and owner of A+ Construction &amp; Remodeling in Sacramento, 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\">You can look at a project’s returns in two ways: First, how the project raises the total resale or market value of your home. This is a nice way to see how your home’s worth has changed, compared to the money you spent on the project. It can be useful to know if you’re thinking of putting your house up for sale, are contemplating borrowing against it or just want a sense of its overall value — and your equity stake in it — when totaling up your assets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Or, you can look at the project’s return on investment, or ROI. “This is a measure of how much the home’s value rises as a share of the project cost, typically expressed as a percentage of the total project cost,” Fisher explains. “For example, if a $4,000 garage door improvement adds $3,500 to the value of your home, you could say the project has an 88 percent ROI. This means you are able to recoup a large share of the project cost.”</p>\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 point is, don’t confuse a project’s return on investment percentage with the amount of profit — or the amount of increased home value. For example, the 2023 Cost vs Value Report done annually by Remodeling, an authoritative contracting industry trade journal, says replacing your old windows with new vinyl ones costs $20,091 and has an ROI of 68.5 percent. That means it bumps a home’s potential price tag up by $13,766 – it does not mean the entire value of your home increases by 68.5 percent. And you’ll notice that the $13,766 it ups your home’s worth by is much less than the $20,091 you spent on the windows.</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=\"improvements-that-add-value\">Home improvements that add value to your home</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\">Some particular home improvements historically have been more valuable than others. Here are some that earn the biggest bang for your renovation buck, based on the latest intel from Remodeling’s 2023 Cost vs Value Report,  and the experts we talked to.</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>Kitchen renovations</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\">“The kitchen remains one of the most-used rooms in a home. Buyers often look for updated, modern kitchens, so a kitchen renovation may significantly increase your home’s appeal,” Smolevskiy explains.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Remodeling’s most recent Cost vs Value Report indicates that a minor kitchen remodel offers a good return: The ROI is 85.7 percent (up 71.2 percent last year) from based on an average job cost of $26,790 that adds a home resale value of $22,963. It involves mainly cosmetic changes to a “functional but dated” kitchen: replacing the floor, cabinet fronts, countertops and appliances with midrange-priced alternatives, and repainting the walls and ceiling.</p>\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, if you want to get a decent return on your kitchen renovation, keep costs low. Larger and more costly kitchen renos recoup less cash, Remodeling notes. A $77,939 major kitchen remodel, which involves adding new cabinets, an island, extra appliances and custom lighting, in addition to the above — has an ROI of 41.8 percent. And if you go with a really upscale remodel — all top-of-the-line, state-of-the art appliances, custom-built additions and high-end materials — the ROI drops to 31.7 percent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“High-end kitchen remodels can cost up to $150,000 but will likely only get about $50,000 in return,” Tom Nolan, founder of AllStar Home, a Raleigh, NC home improvement company, says. “A lot of this can come from over-engineering a kitchen with too many unique features that only a selected buyer will recognize.”</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>Bathroom remodeling</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\">“Much like the kitchen, bathrooms are frequently used [and] highly valued by homebuyers. An updated, stylish bathroom can greatly appeal to prospective purchasers,” Smolevskiy points out.</p>\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 a bathroom renovation‘s ROI often follows the same pattern as kitchen renovations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“These are some of the most expensive remodel projects you can choose, but they rarely fetch more than $20,000 in value,” Nolan cautions. “Keeping a bathroom clean, organized and appealing is better than spending $10,000 on a computerized toilet – so get the value you want to see out of this project.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">According to the Remodeling report, a midrange-budget bath remodel, with an average price tag of $24,606, will yield an ROI of 66.7 percent. Basically, it involves replacing all the fixtures (tub, toilet, vanity) with fresher, modern versions. Try a more ambitious project that involves expanding the room, relocating fixtures, adding a walk-in shower — all to an estimated tune of $76,827 — your return on investment drops to only 36.7 percent.</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>Energy-efficient improvements</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\">Energy-efficient enhancements to your home are definitely in, and can make a big difference in resale value, as increasing numbers of buyers are asking about green features or clean power sources. “Upgrading to energy-efficient options can help lower utility bills and increase the overall sustainability of your home, which is an attractive feature for buyers,” says Augusto Bittencourt, a real estate salesperson with Compass 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\">Case in point: A HVAC conversion, which involves converting a traditional fossil-fuel-burning furnace to an electric heat pump for cooling and heating. While this can cost $17,747, on average, it could more than pay for itself — its ROI is estimated at 103.5 percent, in fact, topping Remodeling’s Cost vs Value list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Equipping your home with a more energy-efficient HVAC system, upgrading your insulation or putting on a new roof will have a profound effect on your home’s value long-term,” says Calvin Lamont, co-host of HGTV’s <em>By It or Build It</em>. “And now is a great time to get more for your investment with the Inflation Reduction Act (IRA) in effect. Every state is different, but with the new IRA, homeowners may be eligible for tax credits or rebates when purchasing energy-efficient appliances.”</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>Outdoor enhancements</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\">In terms of investment returns, exterior remodels rule — and have done so for the last 30 years, Remodeling’s report notes. In fact, four of the top five jobs yielding ROIs above 100 percent are outdoor enhancements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Replacing your garage door, front door or vinyl siding are particularly great options for making your house more sellable and getting back what you put in,” Nolan adds. Remodeling’s report concurs: A garage door replacement, with a job cost expected at $4,302, boasts a recouped cost of 102.7 percent, slightly more than a steel front door replacement (100.9 percent ROI and $2,214 expected cost). Covering your house exterior with manufactured stone veneer can repay you at resale by 102.3 percent. Replacing siding pays off well too: 94.7 percent ROI for vinyl siding or 88.5 percent for fiber-cement siding.</p>\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 “simple tasks like adding a fresh coat of paint on the exterior can boost the value of your home,” Lamont says.</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>Basement conversions</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\">Finishing your basement and making it habitable is another home-improvement project that can pay off. That’s because it adds precious living space (always an addition to home value) without adding to your home’s footprint. Averaging around $57, 500, a full basement redo can deliver as much as an 86 percent return on investment, according to the National Association of Realtors’ “2022 Remodeling Impact Report.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Basement conversions don’t always get you back what you invest. However, if you do it right, you can convert your basement in a way that will make your house sell in no time,” continues Nolan. “These days, with many people working from home, turning your basement into a home office, for example, can ensure your house is more attractive than without 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=\"what-determines\">What determines if a renovation adds value?</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\">Along with the type of remodeling job, several factors determine if home improvements will add value at resale:</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>Current real estate market trends</li><li>Your home’s location and neighborhood</li><li>The quality of work and materials used</li><li>Buyer preferences</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\">“Consulting with a real estate agent before committing to a renovation project can be extremely beneficial,” Bittencourt notes. “Agents have valuable market knowledge and insights into what buyers in your area are looking for. They can provide guidance on which renovations and design choices are more likely to attract potential buyers and increase your property’s market 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\" id=\"renovations-that-might-decrease\">What home renovations might decrease your home value?</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 every remodeling project or home improvement will make your property appreciate. “An over-the-top renovation and highly personalized remodel will almost always decrease your home’s value,” warns Bittencourt — either because you’ve laid out too much money, inadvertently destroyed a valuable feature or simply because it turns buyers off.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Often, “potential homebuyers don’t want features that require ongoing maintenance, like in-ground pools and built-in electronics,” says Fisher. “Buyers also prefer homes with more bedrooms, so removing one bedroom to make another one bigger may end up decreasing your home’s value, rather than adding to 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\">Aleks Grigoriev, co-founder of Priority Home Buyers in Las Vegas, says the following home renovations stand a good chance of decreasing your home’s value:</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>Lavish lighting fixtures</li><li>Converting a bedroom into a closet</li><li>Making highly personal customizations</li><li>Bright and bold paint colors</li><li>An extremely high-end kitchen</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\">Also: Buyers prize ingenuity — hey, look at how that closet fits in there! — but not too much originality. Hyper-personalized styles and details can take away from your home’s value, making it harder for prospective buyers to envision themselves in the space. It also creates an automatic to-do list of projects before the space can feel like home to a new owner.</p>\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 planning on staying in the home for several years to come, it’s fine to indulge your tastes and make rooms feel like you. But you may need to undo some of the work when it comes time to stage your home to sell.</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\">How can you avoid renovations decreasing your home value?</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 can avoid decreasing your home value by carefully choosing projects, settling on those that have a track-record of reliably boosting curb appeal or that are likely to appeal to the broadest range of prospective buyers. And remember, the more customized your renovations are, the less likely it is that prospective buyers will like the work you’ve done.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s also a good idea to make sure the improvements you make are consistent in character with the rest of your home. And if the renovations will be obvious on the exterior, make sure any changes you make are also consistent with the surrounding neighborhood as well. As any Realtor would advise you, consider the comps: If every other home in the ‘hood has an in-ground swimming pool, your above-ground variety is going to look tacky.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Make changes that will modernize but aren’t too trendy, to ensure you don’t over-do, and inadvertently harm your property’s worth. “Pay attention to the most popular new appliances, materials and items that people are putting into their kitchens, for example, and stick to the basics in your bathroom so you don’t spend your money on unnecessary equipment,” advises Nolan.</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=\"should-you\">Should you renovate your home based on your house value?</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’re a professional house flipper, probably not. “Your primary goal should be to make your home a comfortable and functional space for you and your family,” says Grigoriev.</p>\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, you should consider the home’s value before spending too much money on any changes: What you get back on renovations is somewhat linked to the home’s overall worth, and the value of other homes in your neighborhood. Beware of “overbuilding,” renovations that make a home a lot pricier than its neighbors. Improvements that bring your home’s value up to the average price in the neighborhood, on the other hand, may provide a better return.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Lastly, try to think long-term: The housing market is constantly changing, and your home’s value may not be the same six months or a year from now.</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 on home improvements and house value</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\">Increasing your home’s value doesn’t have to be your number one priority when remodeling or renovating. Homeowners considering major home improvements should think about their own comfort and needs first, and the value of the home second.</p>\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, if you’re planning to sell your home in the near future, it’s important to make some improvements that will appeal to buyers,” suggests Grigoriev.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Have realistic expectations. Real estate history shows that homeowners should not expect to recover all of their money when undertaking remodeling projects. While making a profit is certainly not unheard of, you shouldn’t count on it. It is simply one of many considerations to keep in 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\">“My advice is to plan carefully, understand the potential return on investment and align your renovations with your home’s overall style and your neighborhood,” Smolevskiy says. “Remember – it’s not just about making improvements, it’s about making smart and valuable investments.”</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/homeownership/home-improvements-add-the-most-value/#should-you\">click here.</a></p>\n<!-- /wp:paragraph -->','Which home improvements add the most value?','','publish','closed','closed','','which-home-improvements-add-the-most-value','','','2023-07-30 12:01:08','2023-07-30 12:01:08','',0,'http://smartinsurance.tips/?p=3333',0,'post','',0),(3334,1,'2023-07-30 11:55:00','2023-07-30 11:55:00','','My-project-1-76','','inherit','closed','closed','','my-project-1-76','','','2023-07-30 11:55:00','2023-07-30 11:55:00','',3333,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-76.png',0,'attachment','image/png',0),(3335,1,'2023-07-30 12:01:08','2023-07-30 12:01:08','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3334,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-76.png\" alt=\"\" class=\"wp-image-3334\"/></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\">Homeowners often undertake remodeling projects with an ulterior motive. Sure, they want to enhance their living space; but frequently they hope the renovation or addition will boost their home’s value as well. After all, aren’t three bathrooms better than two? Who wouldn’t want a state-of-the-art kitchen, a swimming pool or a finished basement? And new exterior siding should make you the envy of the neighborhood, right?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Misguided thinking. When it comes to adding value, not all home improvements are created equal. In fact, “some home projects can actually decrease your home value,” says Northwestern University data scientist Mischa Fisher, former chief economist at Angi, the contractor search service/house renovation site.</p>\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 return on investment that home improvements offer can vary significantly from over 100 percent to a mere 20 percent, depending on the specific type of project you take on. Fact is, very few renovations and remodels fully recoup their costs, or even most of their costs.</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=\"home-improvements\">Do home improvements always add value to the house?</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 short answer is no, home improvements do not always add value to your home. Even if they do, that’s not quite the same as you actually making a profit on the project, or even recouping your costs. There’s a big difference between adding value to your home and earning a return on your investment.</p>\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 improvements might not add significant value because they are too personalized, going beyond the taste of the average buyer, or are not in line with the style and value of other homes in your neighborhood,” says Roman Smolevskiy, a general contractor and owner of A+ Construction &amp; Remodeling in Sacramento, 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\">You can look at a project’s returns in two ways: First, how the project raises the total resale or market value of your home. This is a nice way to see how your home’s worth has changed, compared to the money you spent on the project. It can be useful to know if you’re thinking of putting your house up for sale, are contemplating borrowing against it or just want a sense of its overall value — and your equity stake in it — when totaling up your assets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Or, you can look at the project’s return on investment, or ROI. “This is a measure of how much the home’s value rises as a share of the project cost, typically expressed as a percentage of the total project cost,” Fisher explains. “For example, if a $4,000 garage door improvement adds $3,500 to the value of your home, you could say the project has an 88 percent ROI. This means you are able to recoup a large share of the project cost.”</p>\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 point is, don’t confuse a project’s return on investment percentage with the amount of profit — or the amount of increased home value. For example, the 2023 Cost vs Value Report done annually by Remodeling, an authoritative contracting industry trade journal, says replacing your old windows with new vinyl ones costs $20,091 and has an ROI of 68.5 percent. That means it bumps a home’s potential price tag up by $13,766 – it does not mean the entire value of your home increases by 68.5 percent. And you’ll notice that the $13,766 it ups your home’s worth by is much less than the $20,091 you spent on the windows.</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=\"improvements-that-add-value\">Home improvements that add value to your home</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\">Some particular home improvements historically have been more valuable than others. Here are some that earn the biggest bang for your renovation buck, based on the latest intel from Remodeling’s 2023 Cost vs Value Report,  and the experts we talked to.</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>Kitchen renovations</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\">“The kitchen remains one of the most-used rooms in a home. Buyers often look for updated, modern kitchens, so a kitchen renovation may significantly increase your home’s appeal,” Smolevskiy explains.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Remodeling’s most recent Cost vs Value Report indicates that a minor kitchen remodel offers a good return: The ROI is 85.7 percent (up 71.2 percent last year) from based on an average job cost of $26,790 that adds a home resale value of $22,963. It involves mainly cosmetic changes to a “functional but dated” kitchen: replacing the floor, cabinet fronts, countertops and appliances with midrange-priced alternatives, and repainting the walls and ceiling.</p>\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, if you want to get a decent return on your kitchen renovation, keep costs low. Larger and more costly kitchen renos recoup less cash, Remodeling notes. A $77,939 major kitchen remodel, which involves adding new cabinets, an island, extra appliances and custom lighting, in addition to the above — has an ROI of 41.8 percent. And if you go with a really upscale remodel — all top-of-the-line, state-of-the art appliances, custom-built additions and high-end materials — the ROI drops to 31.7 percent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“High-end kitchen remodels can cost up to $150,000 but will likely only get about $50,000 in return,” Tom Nolan, founder of AllStar Home, a Raleigh, NC home improvement company, says. “A lot of this can come from over-engineering a kitchen with too many unique features that only a selected buyer will recognize.”</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>Bathroom remodeling</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\">“Much like the kitchen, bathrooms are frequently used [and] highly valued by homebuyers. An updated, stylish bathroom can greatly appeal to prospective purchasers,” Smolevskiy points out.</p>\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 a bathroom renovation‘s ROI often follows the same pattern as kitchen renovations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“These are some of the most expensive remodel projects you can choose, but they rarely fetch more than $20,000 in value,” Nolan cautions. “Keeping a bathroom clean, organized and appealing is better than spending $10,000 on a computerized toilet – so get the value you want to see out of this project.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">According to the Remodeling report, a midrange-budget bath remodel, with an average price tag of $24,606, will yield an ROI of 66.7 percent. Basically, it involves replacing all the fixtures (tub, toilet, vanity) with fresher, modern versions. Try a more ambitious project that involves expanding the room, relocating fixtures, adding a walk-in shower — all to an estimated tune of $76,827 — your return on investment drops to only 36.7 percent.</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>Energy-efficient improvements</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\">Energy-efficient enhancements to your home are definitely in, and can make a big difference in resale value, as increasing numbers of buyers are asking about green features or clean power sources. “Upgrading to energy-efficient options can help lower utility bills and increase the overall sustainability of your home, which is an attractive feature for buyers,” says Augusto Bittencourt, a real estate salesperson with Compass 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\">Case in point: A HVAC conversion, which involves converting a traditional fossil-fuel-burning furnace to an electric heat pump for cooling and heating. While this can cost $17,747, on average, it could more than pay for itself — its ROI is estimated at 103.5 percent, in fact, topping Remodeling’s Cost vs Value list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Equipping your home with a more energy-efficient HVAC system, upgrading your insulation or putting on a new roof will have a profound effect on your home’s value long-term,” says Calvin Lamont, co-host of HGTV’s <em>By It or Build It</em>. “And now is a great time to get more for your investment with the Inflation Reduction Act (IRA) in effect. Every state is different, but with the new IRA, homeowners may be eligible for tax credits or rebates when purchasing energy-efficient appliances.”</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>Outdoor enhancements</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\">In terms of investment returns, exterior remodels rule — and have done so for the last 30 years, Remodeling’s report notes. In fact, four of the top five jobs yielding ROIs above 100 percent are outdoor enhancements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Replacing your garage door, front door or vinyl siding are particularly great options for making your house more sellable and getting back what you put in,” Nolan adds. Remodeling’s report concurs: A garage door replacement, with a job cost expected at $4,302, boasts a recouped cost of 102.7 percent, slightly more than a steel front door replacement (100.9 percent ROI and $2,214 expected cost). Covering your house exterior with manufactured stone veneer can repay you at resale by 102.3 percent. Replacing siding pays off well too: 94.7 percent ROI for vinyl siding or 88.5 percent for fiber-cement siding.</p>\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 “simple tasks like adding a fresh coat of paint on the exterior can boost the value of your home,” Lamont says.</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>Basement conversions</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\">Finishing your basement and making it habitable is another home-improvement project that can pay off. That’s because it adds precious living space (always an addition to home value) without adding to your home’s footprint. Averaging around $57, 500, a full basement redo can deliver as much as an 86 percent return on investment, according to the National Association of Realtors’ “2022 Remodeling Impact Report.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Basement conversions don’t always get you back what you invest. However, if you do it right, you can convert your basement in a way that will make your house sell in no time,” continues Nolan. “These days, with many people working from home, turning your basement into a home office, for example, can ensure your house is more attractive than without 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=\"what-determines\">What determines if a renovation adds value?</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\">Along with the type of remodeling job, several factors determine if home improvements will add value at resale:</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>Current real estate market trends</li><li>Your home’s location and neighborhood</li><li>The quality of work and materials used</li><li>Buyer preferences</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\">“Consulting with a real estate agent before committing to a renovation project can be extremely beneficial,” Bittencourt notes. “Agents have valuable market knowledge and insights into what buyers in your area are looking for. They can provide guidance on which renovations and design choices are more likely to attract potential buyers and increase your property’s market 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\" id=\"renovations-that-might-decrease\">What home renovations might decrease your home value?</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 every remodeling project or home improvement will make your property appreciate. “An over-the-top renovation and highly personalized remodel will almost always decrease your home’s value,” warns Bittencourt — either because you’ve laid out too much money, inadvertently destroyed a valuable feature or simply because it turns buyers off.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Often, “potential homebuyers don’t want features that require ongoing maintenance, like in-ground pools and built-in electronics,” says Fisher. “Buyers also prefer homes with more bedrooms, so removing one bedroom to make another one bigger may end up decreasing your home’s value, rather than adding to 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\">Aleks Grigoriev, co-founder of Priority Home Buyers in Las Vegas, says the following home renovations stand a good chance of decreasing your home’s value:</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>Lavish lighting fixtures</li><li>Converting a bedroom into a closet</li><li>Making highly personal customizations</li><li>Bright and bold paint colors</li><li>An extremely high-end kitchen</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\">Also: Buyers prize ingenuity — hey, look at how that closet fits in there! — but not too much originality. Hyper-personalized styles and details can take away from your home’s value, making it harder for prospective buyers to envision themselves in the space. It also creates an automatic to-do list of projects before the space can feel like home to a new owner.</p>\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 planning on staying in the home for several years to come, it’s fine to indulge your tastes and make rooms feel like you. But you may need to undo some of the work when it comes time to stage your home to sell.</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\">How can you avoid renovations decreasing your home value?</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 can avoid decreasing your home value by carefully choosing projects, settling on those that have a track-record of reliably boosting curb appeal or that are likely to appeal to the broadest range of prospective buyers. And remember, the more customized your renovations are, the less likely it is that prospective buyers will like the work you’ve done.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s also a good idea to make sure the improvements you make are consistent in character with the rest of your home. And if the renovations will be obvious on the exterior, make sure any changes you make are also consistent with the surrounding neighborhood as well. As any Realtor would advise you, consider the comps: If every other home in the ‘hood has an in-ground swimming pool, your above-ground variety is going to look tacky.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Make changes that will modernize but aren’t too trendy, to ensure you don’t over-do, and inadvertently harm your property’s worth. “Pay attention to the most popular new appliances, materials and items that people are putting into their kitchens, for example, and stick to the basics in your bathroom so you don’t spend your money on unnecessary equipment,” advises Nolan.</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=\"should-you\">Should you renovate your home based on your house value?</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’re a professional house flipper, probably not. “Your primary goal should be to make your home a comfortable and functional space for you and your family,” says Grigoriev.</p>\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, you should consider the home’s value before spending too much money on any changes: What you get back on renovations is somewhat linked to the home’s overall worth, and the value of other homes in your neighborhood. Beware of “overbuilding,” renovations that make a home a lot pricier than its neighbors. Improvements that bring your home’s value up to the average price in the neighborhood, on the other hand, may provide a better return.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Lastly, try to think long-term: The housing market is constantly changing, and your home’s value may not be the same six months or a year from now.</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 on home improvements and house value</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\">Increasing your home’s value doesn’t have to be your number one priority when remodeling or renovating. Homeowners considering major home improvements should think about their own comfort and needs first, and the value of the home second.</p>\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, if you’re planning to sell your home in the near future, it’s important to make some improvements that will appeal to buyers,” suggests Grigoriev.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Have realistic expectations. Real estate history shows that homeowners should not expect to recover all of their money when undertaking remodeling projects. While making a profit is certainly not unheard of, you shouldn’t count on it. It is simply one of many considerations to keep in 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\">“My advice is to plan carefully, understand the potential return on investment and align your renovations with your home’s overall style and your neighborhood,” Smolevskiy says. “Remember – it’s not just about making improvements, it’s about making smart and valuable investments.”</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/homeownership/home-improvements-add-the-most-value/#should-you\">click here.</a></p>\n<!-- /wp:paragraph -->','Which home improvements add the most value?','','inherit','closed','closed','','3333-revision-v1','','','2023-07-30 12:01:08','2023-07-30 12:01:08','',3333,'http://smartinsurance.tips/?p=3335',0,'revision','',0),(3336,1,'2023-07-30 12:06:07','2023-07-30 12:06:07','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3337,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-62.png\" alt=\"\" class=\"wp-image-3337\"/></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\">Small businesses are always very sensitive to any changes in legislation and the economic situation in the country. Especially when taxes go up.</p>\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 can be done to keep the business successful and not have to lay off employees? Use coworking spaces. Someone transfers part of the team to coworking, while others prefer to abandon the office altogether. An alternative to the traditional office is regular team meetings in coworking spaces and the use of remote collaboration software.</p>\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 how exactly do coworking spaces cut business costs? We’ll tell you 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\">Versatility of Use</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\">Find coworking spaces that have many different spaces: meeting rooms, premium conference rooms, and halls for celebrations. To rent them for a fee for a few hours is much easier and faster than renting a separate conference room.</p>\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 coworking spaces allow participants to attend events including networking meetings, conferences, and parties. This is a fantastic free approach to amuse staff members and strengthen company culture.</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\">Rent</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\">Places in a coworking space are less expensive to rent than areas in a business center (assuming similar-class premises). Thus, the cost of an annual lease of a standard office of 56 sq m will cost more than 4 workplaces in a flexible office.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Also, the location of the office in the center greatly increases the cost of rent, mainly companies are forced to look for something in the city. Coworkings are usually located in the center or not far from it. Coworkers are usually cheap, but if you’re looking for an even cheaper option, consider office spaces with a postal address and local telephone number to complement your home office or as the to-go-to-place for meetings.</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\">Office Furniture</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\">Aside from rent, businesses must spend money on workplace design, such as purchasing ergonomic furniture, appliances, and current equipment. Such arrangements can be highly expensive depending on the size and demands of the firm – simply consider the cost of equipment for the development team. This cost can be minimized by renting space in a flexible office: after all, everything you need for work is already there.</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\">Office Maintenance</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\">Buying furniture and equipment is a one-time cost, but when renting an office, there are fixed maintenance costs: cleaning, utility bills, kitchen maintenance, reception, security, and so on. In coworking spaces, everything is already included in the tariff. And it is precisely due to the absence of these costs that the savings become very tangible.</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\">Office Manager</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\">Every coworking space has a dedicated office manager that handles every domestic problem, from equipment purchases to small maintenance. When a business leases space in a coworking facility, it may save money on the upkeep of an office manager, but if it had its own office, it would have to handle all of this on its own. This naturally follows from the preceding sentence because every office requires a groundskeeper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Additionally, management is no longer allowed to squander their time on menial tasks like approving office supplies and paying utility bills. You already know that time equals money.</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\">Flexibility for Change</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\">Coworking spaces provide significant flexibility. You can rent workspaces to employees all the time or only during specific hours. You can utilize hotdesking, which is a fee charged when one workspace falls on 2-3 employees. Conference rooms are only priced for the hours that they are utilized, not as a permanent space. If the number of employees has been drastically reduced for one cause or another, the question of giving up extra positions can be settled in a matter of hours. However, in the case of offices, early termination of the lease agreement may result in fines, and the adjustment of the terms may take several days to a month. The expansion of the staff will require either redevelopment or the lease of additional premises.</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\">Employee Productivity</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\">According to a Deskmag survey, 71% of respondents describe their focus while working in a flexible workplace as good, citing increased inspiration and self-confidence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And as we know, the more productive employees are the higher the company’s income. A coworking space is unquestionably superior to working from home. However, even when compared to a traditional office, coworking can increase productivity: this is facilitated by the correct design, the convenience of the premises, the availability of everything needed for the work at hand, and the opportunity to take a breather in the recreation areas or sit in the large bright kitchen. Not every firm can afford to hire a separate office with all of this. Furthermore, the environment itself enhances efficiency: it’s difficult to stay away when everyone around you is working with concentration, life is in full swing in the discussions, and new initiatives are being discussed in the hallways.</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\">Wrap 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\">Cutting business expenses is a good strategy not only in difficult times but always. And the savings with the help of renting a coworking space is obvious.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">All over the world, coworking spaces are created not according to the principle of Noah’s Ark, but in areas of activity – from technology to design, since each specialization requires its own technology. They are flexible in payment, super functional, and help build business partnerships.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Summing up, coworking can be a great alternative to those who, for some reason, cannot work from home: freelancers and owners of small startups; those who value an informal atmosphere, expanding the community and the opportunity to work at any convenient time.</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.the-next-tech.com/business/how-can-coworking-spaces-cut-business-costs/\">click here.</a></p>\n<!-- /wp:paragraph -->','How Can Coworking Spaces Cut Business Costs?','','publish','closed','closed','','how-can-coworking-spaces-cut-business-costs','','','2023-07-30 12:06:07','2023-07-30 12:06:07','',0,'http://smartinsurance.tips/?p=3336',0,'post','',0),(3337,1,'2023-07-30 12:02:23','2023-07-30 12:02:23','','My-project-1-62','','inherit','closed','closed','','my-project-1-62','','','2023-07-30 12:02:23','2023-07-30 12:02:23','',3336,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-62.png',0,'attachment','image/png',0),(3338,1,'2023-07-30 12:06:07','2023-07-30 12:06:07','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3337,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-62.png\" alt=\"\" class=\"wp-image-3337\"/></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\">Small businesses are always very sensitive to any changes in legislation and the economic situation in the country. Especially when taxes go up.</p>\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 can be done to keep the business successful and not have to lay off employees? Use coworking spaces. Someone transfers part of the team to coworking, while others prefer to abandon the office altogether. An alternative to the traditional office is regular team meetings in coworking spaces and the use of remote collaboration software.</p>\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 how exactly do coworking spaces cut business costs? We’ll tell you 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\">Versatility of Use</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\">Find coworking spaces that have many different spaces: meeting rooms, premium conference rooms, and halls for celebrations. To rent them for a fee for a few hours is much easier and faster than renting a separate conference room.</p>\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 coworking spaces allow participants to attend events including networking meetings, conferences, and parties. This is a fantastic free approach to amuse staff members and strengthen company culture.</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\">Rent</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\">Places in a coworking space are less expensive to rent than areas in a business center (assuming similar-class premises). Thus, the cost of an annual lease of a standard office of 56 sq m will cost more than 4 workplaces in a flexible office.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Also, the location of the office in the center greatly increases the cost of rent, mainly companies are forced to look for something in the city. Coworkings are usually located in the center or not far from it. Coworkers are usually cheap, but if you’re looking for an even cheaper option, consider office spaces with a postal address and local telephone number to complement your home office or as the to-go-to-place for meetings.</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\">Office Furniture</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\">Aside from rent, businesses must spend money on workplace design, such as purchasing ergonomic furniture, appliances, and current equipment. Such arrangements can be highly expensive depending on the size and demands of the firm – simply consider the cost of equipment for the development team. This cost can be minimized by renting space in a flexible office: after all, everything you need for work is already there.</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\">Office Maintenance</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\">Buying furniture and equipment is a one-time cost, but when renting an office, there are fixed maintenance costs: cleaning, utility bills, kitchen maintenance, reception, security, and so on. In coworking spaces, everything is already included in the tariff. And it is precisely due to the absence of these costs that the savings become very tangible.</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\">Office Manager</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\">Every coworking space has a dedicated office manager that handles every domestic problem, from equipment purchases to small maintenance. When a business leases space in a coworking facility, it may save money on the upkeep of an office manager, but if it had its own office, it would have to handle all of this on its own. This naturally follows from the preceding sentence because every office requires a groundskeeper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Additionally, management is no longer allowed to squander their time on menial tasks like approving office supplies and paying utility bills. You already know that time equals money.</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\">Flexibility for Change</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\">Coworking spaces provide significant flexibility. You can rent workspaces to employees all the time or only during specific hours. You can utilize hotdesking, which is a fee charged when one workspace falls on 2-3 employees. Conference rooms are only priced for the hours that they are utilized, not as a permanent space. If the number of employees has been drastically reduced for one cause or another, the question of giving up extra positions can be settled in a matter of hours. However, in the case of offices, early termination of the lease agreement may result in fines, and the adjustment of the terms may take several days to a month. The expansion of the staff will require either redevelopment or the lease of additional premises.</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\">Employee Productivity</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\">According to a Deskmag survey, 71% of respondents describe their focus while working in a flexible workplace as good, citing increased inspiration and self-confidence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And as we know, the more productive employees are the higher the company’s income. A coworking space is unquestionably superior to working from home. However, even when compared to a traditional office, coworking can increase productivity: this is facilitated by the correct design, the convenience of the premises, the availability of everything needed for the work at hand, and the opportunity to take a breather in the recreation areas or sit in the large bright kitchen. Not every firm can afford to hire a separate office with all of this. Furthermore, the environment itself enhances efficiency: it’s difficult to stay away when everyone around you is working with concentration, life is in full swing in the discussions, and new initiatives are being discussed in the hallways.</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\">Wrap 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\">Cutting business expenses is a good strategy not only in difficult times but always. And the savings with the help of renting a coworking space is obvious.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">All over the world, coworking spaces are created not according to the principle of Noah’s Ark, but in areas of activity – from technology to design, since each specialization requires its own technology. They are flexible in payment, super functional, and help build business partnerships.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Summing up, coworking can be a great alternative to those who, for some reason, cannot work from home: freelancers and owners of small startups; those who value an informal atmosphere, expanding the community and the opportunity to work at any convenient time.</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.the-next-tech.com/business/how-can-coworking-spaces-cut-business-costs/\">click here.</a></p>\n<!-- /wp:paragraph -->','How Can Coworking Spaces Cut Business Costs?','','inherit','closed','closed','','3336-revision-v1','','','2023-07-30 12:06:07','2023-07-30 12:06:07','',3336,'http://smartinsurance.tips/?p=3338',0,'revision','',0),(3339,1,'2023-07-30 12:11:06','2023-07-30 12:11:06','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3340,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-61.png\" alt=\"\" class=\"wp-image-3340\"/></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\">How can I safely download from the internet? In the internet age, we are constantly downloading files from the web whether we realize it or 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\">Everything from updates for our computer programs to photos and videos on social media is all downloaded directly from the internet. However, not all downloads are safe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Internet users asked us, “how can I safely download anything?” This article will give people tips on how to download safely everything from the internet to avoid any potential viruses or malware.</p>\n<!-- /wp:paragraph -->\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 download any files without compromising privacy is by using a free VPN. People can connect to VPN servers and change their location to avoid spying eyes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">So, if you’re also downloading files from the internet regularly and want to know, “How do I download risky files safely?” then keep reading this guide!</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\">Why do People Need to Take Security Measurements While Downloading Files From the Web?</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\">In recent years, downloading files from the web has become increasingly popular. However, many people are unaware of the potential security risks involved in doing so.</p>\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 we will look at a couple of reasons why taking security measures while downloading files from the web is essential.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">One of the main reasons why people need to take security measures while downloading files from the web is to protect their computers from viruses and malware. When users download a file from an untrustworthy source, they risk being infected with a virus or other malicious software. This could damage their computers or put their personal information at risk.</p>\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 reason is to protect yourself from identity theft. If you download a file containing personal information, such as your name or address, someone could use it for identity theft.</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\">5 Tips for Downloading Files Safely From the Internet:</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Use Trustworthy Sites Only:</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 downloading files from the internet, it is essential only to use trustworthy sites. This will help ensure that the file is safe to download and free of malware.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Below are a couple of tips for finding reliable sites for downloading files:</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>Make sure the site has a good reputation.</li><li>Look for sites that trusted sources have recommended.</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>Use VPN:</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\">One of the best ways to protect yourself when downloading files from the internet is to use a VPN. A VPN (Virtual Private Network) encrypts your internet connection and allows you to browse the web anonymously. This means that your ISP (Internet Service Provider) and government agencies can’t track what you’re doing online.</p>\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 benefit of using a VPN is that it can help people bypass geo-restrictions. For example, if you want to download a file that’s only available in the United States, you can connect to a VPN server in the US and download the file.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">We recommend people download VPN as it is the most reliable VPN right now. You can go right here if you want to learn more about it! VPN has many excellent features, including double VPN, net guard, no-log policy, killswitch, and many others.</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>Check Website Reviews:</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 downloading files from the internet, it is important to check website reviews to ensure that the site is safe. There are a few things to look for when checking website reviews.</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>First, check to see if a trusted source has reviewed the site. If the site has been reviewed by a reputable source, such as CNET or TechRadar, it is likely safe to download.</li><li>Second, read through the reviews to see if any reports of viruses or malware are associated with the site. If there have been no reports of viruses or malware, then the site is likely safe to download from.</li><li>Last but not least, check the date of the last review. If the last review was more than six months ago, then new security risks may have arisen since then. In this case, proceed with caution when downloading from the site.</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>Scan Files:</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\">People can protect themselves and their computers by scanning files for viruses before and after downloading them.<br>Here are a few tips for scanning files for viruses:</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>Use a reputable antivirus program. There are many free and paid antivirus programs available. Do some research to find one that best suits your needs.</li><li>Update your antivirus program regularly. Antivirus programs are constantly evolving to keep up with new threats, so it’s essential to ensure you have the latest version.</li><li>Scan files before opening them. Once a file is downloaded, scan it before opening it. This will help prevent any malicious code from being executed on your computer.</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>Double-Check the Web Address:</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 you’re about to download a file from the internet, it’s essential to take a moment to double-check the web address. This will help ensure that you download the file from a safe and reputable site.</p>\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 a few things to look for:</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>The web address should start with “HTTPS://” rather than just “HTTP://.” The “s” stands for “secure.”</li><li>The web address should have a green lock icon next to it. This indicates that the site is using SSL encryption to protect your information.</li><li>The web address should match the site’s name. For example, if you’re trying to purchase from Amazon, the web address should say “amazon.com” rather than something like “amaz0n.com.”</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\">In conclusion, following these tips will help people to download everything from the internet safely. The most important among all the tips is to use a reliable VPN like VPN, as it’ll not only hide your personal information but also be helpful in unblocking blocked content.</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.the-next-tech.com/security/how-to-safely-download-everything-from-the-internet/\">click here.</a></p>\n<!-- /wp:paragraph -->','How To Safely Download Everything From The Internet','','publish','closed','closed','','how-to-safely-download-everything-from-the-internet','','','2023-07-30 12:11:06','2023-07-30 12:11:06','',0,'http://smartinsurance.tips/?p=3339',0,'post','',0),(3340,1,'2023-07-30 12:06:59','2023-07-30 12:06:59','','My-project-1-61','','inherit','closed','closed','','my-project-1-61','','','2023-07-30 12:06:59','2023-07-30 12:06:59','',3339,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-61.png',0,'attachment','image/png',0),(3341,1,'2023-07-30 12:11:06','2023-07-30 12:11:06','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3340,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-61.png\" alt=\"\" class=\"wp-image-3340\"/></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\">How can I safely download from the internet? In the internet age, we are constantly downloading files from the web whether we realize it or 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\">Everything from updates for our computer programs to photos and videos on social media is all downloaded directly from the internet. However, not all downloads are safe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Internet users asked us, “how can I safely download anything?” This article will give people tips on how to download safely everything from the internet to avoid any potential viruses or malware.</p>\n<!-- /wp:paragraph -->\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 download any files without compromising privacy is by using a free VPN. People can connect to VPN servers and change their location to avoid spying eyes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">So, if you’re also downloading files from the internet regularly and want to know, “How do I download risky files safely?” then keep reading this guide!</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\">Why do People Need to Take Security Measurements While Downloading Files From the Web?</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\">In recent years, downloading files from the web has become increasingly popular. However, many people are unaware of the potential security risks involved in doing so.</p>\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 we will look at a couple of reasons why taking security measures while downloading files from the web is essential.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">One of the main reasons why people need to take security measures while downloading files from the web is to protect their computers from viruses and malware. When users download a file from an untrustworthy source, they risk being infected with a virus or other malicious software. This could damage their computers or put their personal information at risk.</p>\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 reason is to protect yourself from identity theft. If you download a file containing personal information, such as your name or address, someone could use it for identity theft.</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\">5 Tips for Downloading Files Safely From the Internet:</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Use Trustworthy Sites Only:</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 downloading files from the internet, it is essential only to use trustworthy sites. This will help ensure that the file is safe to download and free of malware.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Below are a couple of tips for finding reliable sites for downloading files:</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>Make sure the site has a good reputation.</li><li>Look for sites that trusted sources have recommended.</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>Use VPN:</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\">One of the best ways to protect yourself when downloading files from the internet is to use a VPN. A VPN (Virtual Private Network) encrypts your internet connection and allows you to browse the web anonymously. This means that your ISP (Internet Service Provider) and government agencies can’t track what you’re doing online.</p>\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 benefit of using a VPN is that it can help people bypass geo-restrictions. For example, if you want to download a file that’s only available in the United States, you can connect to a VPN server in the US and download the file.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">We recommend people download VPN as it is the most reliable VPN right now. You can go right here if you want to learn more about it! VPN has many excellent features, including double VPN, net guard, no-log policy, killswitch, and many others.</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>Check Website Reviews:</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 downloading files from the internet, it is important to check website reviews to ensure that the site is safe. There are a few things to look for when checking website reviews.</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>First, check to see if a trusted source has reviewed the site. If the site has been reviewed by a reputable source, such as CNET or TechRadar, it is likely safe to download.</li><li>Second, read through the reviews to see if any reports of viruses or malware are associated with the site. If there have been no reports of viruses or malware, then the site is likely safe to download from.</li><li>Last but not least, check the date of the last review. If the last review was more than six months ago, then new security risks may have arisen since then. In this case, proceed with caution when downloading from the site.</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>Scan Files:</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\">People can protect themselves and their computers by scanning files for viruses before and after downloading them.<br>Here are a few tips for scanning files for viruses:</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>Use a reputable antivirus program. There are many free and paid antivirus programs available. Do some research to find one that best suits your needs.</li><li>Update your antivirus program regularly. Antivirus programs are constantly evolving to keep up with new threats, so it’s essential to ensure you have the latest version.</li><li>Scan files before opening them. Once a file is downloaded, scan it before opening it. This will help prevent any malicious code from being executed on your computer.</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>Double-Check the Web Address:</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 you’re about to download a file from the internet, it’s essential to take a moment to double-check the web address. This will help ensure that you download the file from a safe and reputable site.</p>\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 a few things to look for:</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>The web address should start with “HTTPS://” rather than just “HTTP://.” The “s” stands for “secure.”</li><li>The web address should have a green lock icon next to it. This indicates that the site is using SSL encryption to protect your information.</li><li>The web address should match the site’s name. For example, if you’re trying to purchase from Amazon, the web address should say “amazon.com” rather than something like “amaz0n.com.”</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\">In conclusion, following these tips will help people to download everything from the internet safely. The most important among all the tips is to use a reliable VPN like VPN, as it’ll not only hide your personal information but also be helpful in unblocking blocked content.</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.the-next-tech.com/security/how-to-safely-download-everything-from-the-internet/\">click here.</a></p>\n<!-- /wp:paragraph -->','How To Safely Download Everything From The Internet','','inherit','closed','closed','','3339-revision-v1','','','2023-07-30 12:11:06','2023-07-30 12:11:06','',3339,'http://smartinsurance.tips/?p=3341',0,'revision','',0),(3342,1,'2023-07-30 12:19:22','2023-07-30 12:19:22','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pollen may be hanging around almost all year, but these steps can keep you comfortable.</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\":3343,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-66.png\" alt=\"\" class=\"wp-image-3343\"/></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\">Think your allergies are getting worse? If it seems like your itchy eyes, runny nose, and congestion are more severe and last for more days, it’s probably not your imagination. Thanks to climate change, there’s a lot more pollen in the air these days, and it’s hanging around for a longer time. That’s a problem for a lot of people: About 26 percent of adults and 19 percent of children have seasonal allergies, according to the Centers for Disease Control and Prevention.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Research has found that 80 percent of those with seasonal allergies report moderate-to-severe symptoms that significantly impair their quality of life.</p>\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 thanks to newer treatments and ongoing research, doctors have a variety of effective ways to help subdue symptoms. Today’s medications “are worlds apart from what we had 40 years ago,” says Richard Lockey, MD, director of the division of allergy and immunology at the University of South Florida College of Medicine. “There’s no reason anyone now needs to suffer unnecessarily—we can usually find some sort of treatment that works for everyone.”</p>\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’s what to know about the latest treatment recommendations and what you can do to keep your seasonal allergy symptoms to a minimum.</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\">Pollen-Proof Your Environment</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\">One of the most effective strategies is also one of the most straightforward: reducing your exposure to allergens. So monitor local pollen counts and try to stay indoors between 5 a.m. and 10 a.m. on days when counts are highest, recommends the National Institute of Environmental Health Sciences. Other smart steps:</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>Take a bedtime shower. </strong>This helps wash off pollen that has collected on your skin and hair during the day so that you’re not literally sleeping with allergens.</li><li><strong>Use an over-the-counter (OTC) saline nasal spray. </strong>This helps clear a clogged-up nose and wash out pollen and other allergens that may have accumulated there. You can use these products as often as you want, says Sandra Hong, MD, an allergist at the Cleveland Clinic, but it’s a particularly good idea after you’ve been outdoors and before bed. (Skip nasal decongestant sprays, or use them only for a couple of days, because they can cause rebound congestion.)</li><li><strong>Banish Buddy from the bedroom. </strong>Even if you’re not allergic to your cat or dog, keep pets off your bed—and if possible, out of the room entirely—if they spend any time outdoors. Their fur can harbor pollen.</li><li><strong>Keep your lawn tidy. </strong>Short grass is less likely to release pollen than taller grass, so mow regularly. If possible, have someone else mow it. If you do it yourself, wear a face mask (like an N-95 filter mask) and sunglasses to prevent pollen from blowing into your nose, mouth, and eyes. Regularly clean your gutters and downspouts, too.</li><li><strong>Run the air conditioner. </strong>You may be tempted to throw your windows open, but those lovely breezes can carry pollen into your home. “You want to keep doors and windows closed, so no pollen can get in,” Lockey says. An air purifier might help, too: See our air purifier ratings and buying guide. And check out a couple of our highly rated air purifiers:</li><li><strong>Vacuum regularly. </strong>This can help pick up stray pollen particles that float into your home, as well as allergens such as pet dander and dust mites. CR’s tests found that some vacuums with regular filters sucked up similar amounts of dander and dust as those with high-efficiency particulate air (HEPA) filters, and some were just as good at keeping these small particles from blowing back into the air. Have someone else do your vacuuming, and avoid bagless vacuums, which can stir up dust when you empty them. Members can check out our full vacuum ratings. And you can check a couple of our highly rated vacuums:</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\">Take the Right Meds at the Right Time</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\">Allergen avoidance techniques might not always be enough. Here’s the rundown on common medications and when it’s appropriate to consider them.</p>\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>Steroid nasal sprays:</strong>&nbsp;If allergen avoidance isn’t sufficient, a good place to start is to consider a steroid nasal spray such as fluticasone (Flonase), triamcinolone (Nasacort), or mometasone (Nasonex)—all available over the counter and also in generic form. Daily use throughout the allergy season can help reduce nasal inflammation and combat a runny or stuffy nose, says Amber Luong, MD, a professor of allergy medicine with the McGovern Medical School at UTHealth Houston. But this is best started a week or two in advance of the season because it can take time to begin working, according to the American Academy of Allergy, Asthma &amp; Immunology. (If you have glaucoma, talk to your ophthalmologist first, because these medications may increase ocular pressure.)</p>\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>Oral antihistamines:&nbsp;</strong>Rita Kachru, MD, an allergist and immunologist with UCLA Health, recommends OTC oral antihistamines like cetirizine (Zyrtec and generic), loratadine (Claritin and generic), and fexofenadine (Allegra and generic). These tend to cause less drowsiness than the older, short-acting products such as diphenhydramine (Benadryl and generic). Still, they can lead to sleepiness in older adults, so if you’re older you may want to take smaller-than-normal doses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Though the newer antihistamines all appear to be equally safe and effective, some people may respond better to one than another. So if, for example, cetirizine doesn’t seem to help, try fexofenadine or loratadine, Hong 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\">Note that you can also take an OTC oral antihistamine for a week or so while you wait for a steroid nasal spray to begin working, but after that there’s little reason to regularly take both an oral antihistamine and a steroid nasal spray.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Research shows that it isn’t any more effective than using a steroid spray alone,” says Mark Dykewicz, MD, director of the allergy &amp; immunology fellowship program at St. Louis University in Missouri and an author of practice guidelines for the treatment of seasonal allergies published in 2017.</p>\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>Antihistamine eye drops:&nbsp;</strong>For itchy, watery eyes, OTC antihistamine eye drops such as ketotifen (Alaway) or olopatadine (Pataday) can help— and quickly—says Donald J. Dvorin, MD, an allergist with The Allergy and Asthma Doctors in Mount Laurel, N.J.</p>\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>Antihistamine nasal sprays:</strong><strong>&nbsp;I</strong>f you’ve been faithfully using a nasal steroid for a couple of weeks and you’re still uncomfortable, the guidelines recommend adding in a daily prescription nasal antihistamine spray, such as azelastine (Astelin, Astepro, and generic) or olopatadine (Patanase and generic).</p>\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 nasal antihistamine seems much more effective than taking a pill by mouth—it may be that since it goes directly into the nasal passages, the nose gets a much higher concentrated dose,” Lockey explains.</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\">Reduce Your Reaction to Allergens</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\">Still not finding sufficient relief from seasonal allergy symptoms, and/or have year-round allergies that are very bothersome? You might find immunotherapy useful.</p>\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 prescription treatment involves exposing you to ever-larger amounts of allergens, gradually increasing your tolerance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Traditional immunotherapy is delivered via regular shots—often for three to five years—and can help with seasonal and year-round allergens. “Over 80 percent of the time, people experience relief,” Hong says. The shots carry a small risk of a severe allergic reaction, so you’ll need to have them in a doctor’s office.</p>\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 seasonal allergies are to grasses and/or you’re allergic to dust mites, you might look into a newer prescription option: sublingual immunotherapy, or SLIT. Here, you typically place a dissolvable tablet containing purified extracts of allergens under your tongue.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Currently, four treatments approved by the Food and Drug Administration are available: Odactra, for house dust mite allergies; Oralair, for five different grass pollens; Grastek, for Timothy grass allergies; and Ragwitek, for ragweed allergies.</p>\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 is a really good option for people who are allergic to these types of pollen but aren’t seeing improvement on nasal and antihistamine sprays, or develop other complications from these allergies, such as sinus infections or asthma,” Hong says.<a rel=\"noreferrer noopener\" href=\"https://www.aaaai.org/conditions-and-treatments/drug-guide/sublingual-immunotherapy-slit-tablet\" target=\"_blank\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For grass and ragweed, you’ll need to begin treatment about three months before these allergens pop up. If you’re using them to treat dust mite allergy, you’ll stay on them year-round. SLIT may cause mild side effects, such as itchy or irritated mouth and throat, and nausea or abdominal discomfort. Severe reactions appear to be quite rare.</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.consumerreports.org/health/allergy/how-to-ease-seasonal-allergy-symptoms-a8182165060/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Ease Seasonal Allergy Symptoms','','publish','closed','closed','','how-to-ease-seasonal-allergy-symptoms','','','2023-07-30 12:19:22','2023-07-30 12:19:22','',0,'http://smartinsurance.tips/?p=3342',0,'post','',0),(3343,1,'2023-07-30 12:15:09','2023-07-30 12:15:09','','My-project-1-66','','inherit','closed','closed','','my-project-1-66','','','2023-07-30 12:15:09','2023-07-30 12:15:09','',3342,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-66.png',0,'attachment','image/png',0),(3344,1,'2023-07-30 12:19:22','2023-07-30 12:19:22','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pollen may be hanging around almost all year, but these steps can keep you comfortable.</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\":3343,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-66.png\" alt=\"\" class=\"wp-image-3343\"/></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\">Think your allergies are getting worse? If it seems like your itchy eyes, runny nose, and congestion are more severe and last for more days, it’s probably not your imagination. Thanks to climate change, there’s a lot more pollen in the air these days, and it’s hanging around for a longer time. That’s a problem for a lot of people: About 26 percent of adults and 19 percent of children have seasonal allergies, according to the Centers for Disease Control and Prevention.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Research has found that 80 percent of those with seasonal allergies report moderate-to-severe symptoms that significantly impair their quality of life.</p>\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 thanks to newer treatments and ongoing research, doctors have a variety of effective ways to help subdue symptoms. Today’s medications “are worlds apart from what we had 40 years ago,” says Richard Lockey, MD, director of the division of allergy and immunology at the University of South Florida College of Medicine. “There’s no reason anyone now needs to suffer unnecessarily—we can usually find some sort of treatment that works for everyone.”</p>\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’s what to know about the latest treatment recommendations and what you can do to keep your seasonal allergy symptoms to a minimum.</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\">Pollen-Proof Your Environment</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\">One of the most effective strategies is also one of the most straightforward: reducing your exposure to allergens. So monitor local pollen counts and try to stay indoors between 5 a.m. and 10 a.m. on days when counts are highest, recommends the National Institute of Environmental Health Sciences. Other smart steps:</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>Take a bedtime shower. </strong>This helps wash off pollen that has collected on your skin and hair during the day so that you’re not literally sleeping with allergens.</li><li><strong>Use an over-the-counter (OTC) saline nasal spray. </strong>This helps clear a clogged-up nose and wash out pollen and other allergens that may have accumulated there. You can use these products as often as you want, says Sandra Hong, MD, an allergist at the Cleveland Clinic, but it’s a particularly good idea after you’ve been outdoors and before bed. (Skip nasal decongestant sprays, or use them only for a couple of days, because they can cause rebound congestion.)</li><li><strong>Banish Buddy from the bedroom. </strong>Even if you’re not allergic to your cat or dog, keep pets off your bed—and if possible, out of the room entirely—if they spend any time outdoors. Their fur can harbor pollen.</li><li><strong>Keep your lawn tidy. </strong>Short grass is less likely to release pollen than taller grass, so mow regularly. If possible, have someone else mow it. If you do it yourself, wear a face mask (like an N-95 filter mask) and sunglasses to prevent pollen from blowing into your nose, mouth, and eyes. Regularly clean your gutters and downspouts, too.</li><li><strong>Run the air conditioner. </strong>You may be tempted to throw your windows open, but those lovely breezes can carry pollen into your home. “You want to keep doors and windows closed, so no pollen can get in,” Lockey says. An air purifier might help, too: See our air purifier ratings and buying guide. And check out a couple of our highly rated air purifiers:</li><li><strong>Vacuum regularly. </strong>This can help pick up stray pollen particles that float into your home, as well as allergens such as pet dander and dust mites. CR’s tests found that some vacuums with regular filters sucked up similar amounts of dander and dust as those with high-efficiency particulate air (HEPA) filters, and some were just as good at keeping these small particles from blowing back into the air. Have someone else do your vacuuming, and avoid bagless vacuums, which can stir up dust when you empty them. Members can check out our full vacuum ratings. And you can check a couple of our highly rated vacuums:</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\">Take the Right Meds at the Right Time</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\">Allergen avoidance techniques might not always be enough. Here’s the rundown on common medications and when it’s appropriate to consider them.</p>\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>Steroid nasal sprays:</strong>&nbsp;If allergen avoidance isn’t sufficient, a good place to start is to consider a steroid nasal spray such as fluticasone (Flonase), triamcinolone (Nasacort), or mometasone (Nasonex)—all available over the counter and also in generic form. Daily use throughout the allergy season can help reduce nasal inflammation and combat a runny or stuffy nose, says Amber Luong, MD, a professor of allergy medicine with the McGovern Medical School at UTHealth Houston. But this is best started a week or two in advance of the season because it can take time to begin working, according to the American Academy of Allergy, Asthma &amp; Immunology. (If you have glaucoma, talk to your ophthalmologist first, because these medications may increase ocular pressure.)</p>\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>Oral antihistamines:&nbsp;</strong>Rita Kachru, MD, an allergist and immunologist with UCLA Health, recommends OTC oral antihistamines like cetirizine (Zyrtec and generic), loratadine (Claritin and generic), and fexofenadine (Allegra and generic). These tend to cause less drowsiness than the older, short-acting products such as diphenhydramine (Benadryl and generic). Still, they can lead to sleepiness in older adults, so if you’re older you may want to take smaller-than-normal doses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Though the newer antihistamines all appear to be equally safe and effective, some people may respond better to one than another. So if, for example, cetirizine doesn’t seem to help, try fexofenadine or loratadine, Hong 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\">Note that you can also take an OTC oral antihistamine for a week or so while you wait for a steroid nasal spray to begin working, but after that there’s little reason to regularly take both an oral antihistamine and a steroid nasal spray.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Research shows that it isn’t any more effective than using a steroid spray alone,” says Mark Dykewicz, MD, director of the allergy &amp; immunology fellowship program at St. Louis University in Missouri and an author of practice guidelines for the treatment of seasonal allergies published in 2017.</p>\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>Antihistamine eye drops:&nbsp;</strong>For itchy, watery eyes, OTC antihistamine eye drops such as ketotifen (Alaway) or olopatadine (Pataday) can help— and quickly—says Donald J. Dvorin, MD, an allergist with The Allergy and Asthma Doctors in Mount Laurel, N.J.</p>\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>Antihistamine nasal sprays:</strong><strong>&nbsp;I</strong>f you’ve been faithfully using a nasal steroid for a couple of weeks and you’re still uncomfortable, the guidelines recommend adding in a daily prescription nasal antihistamine spray, such as azelastine (Astelin, Astepro, and generic) or olopatadine (Patanase and generic).</p>\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 nasal antihistamine seems much more effective than taking a pill by mouth—it may be that since it goes directly into the nasal passages, the nose gets a much higher concentrated dose,” Lockey explains.</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\">Reduce Your Reaction to Allergens</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\">Still not finding sufficient relief from seasonal allergy symptoms, and/or have year-round allergies that are very bothersome? You might find immunotherapy useful.</p>\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 prescription treatment involves exposing you to ever-larger amounts of allergens, gradually increasing your tolerance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Traditional immunotherapy is delivered via regular shots—often for three to five years—and can help with seasonal and year-round allergens. “Over 80 percent of the time, people experience relief,” Hong says. The shots carry a small risk of a severe allergic reaction, so you’ll need to have them in a doctor’s office.</p>\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 seasonal allergies are to grasses and/or you’re allergic to dust mites, you might look into a newer prescription option: sublingual immunotherapy, or SLIT. Here, you typically place a dissolvable tablet containing purified extracts of allergens under your tongue.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Currently, four treatments approved by the Food and Drug Administration are available: Odactra, for house dust mite allergies; Oralair, for five different grass pollens; Grastek, for Timothy grass allergies; and Ragwitek, for ragweed allergies.</p>\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 is a really good option for people who are allergic to these types of pollen but aren’t seeing improvement on nasal and antihistamine sprays, or develop other complications from these allergies, such as sinus infections or asthma,” Hong says.<a rel=\"noreferrer noopener\" href=\"https://www.aaaai.org/conditions-and-treatments/drug-guide/sublingual-immunotherapy-slit-tablet\" target=\"_blank\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For grass and ragweed, you’ll need to begin treatment about three months before these allergens pop up. If you’re using them to treat dust mite allergy, you’ll stay on them year-round. SLIT may cause mild side effects, such as itchy or irritated mouth and throat, and nausea or abdominal discomfort. Severe reactions appear to be quite rare.</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.consumerreports.org/health/allergy/how-to-ease-seasonal-allergy-symptoms-a8182165060/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Ease Seasonal Allergy Symptoms','','inherit','closed','closed','','3342-revision-v1','','','2023-07-30 12:19:22','2023-07-30 12:19:22','',3342,'http://smartinsurance.tips/?p=3344',0,'revision','',0),(3345,1,'2023-07-30 13:07:14','2023-07-30 13:07:14','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A multipronged attack can bring back the freshness.</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\":3346,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-67.png\" alt=\"\" class=\"wp-image-3346\"/></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\">Rank refrigerator smells take many forms. They might emanate from the quart of milk you didn\'t toss before leaving on vacation or some hidden-away deviled eggs. Ever forget &nbsp;a potato at the bottom of the vegetable bin? Worse than you can imagine. Some odors are more offensive than others, naturally, but it\'s never a good idea to let them persist because they can permeate every inch of the fridge right down to the mechanicals and can be difficult to remove.&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\">But with a little patience and perseverance you can stanch the stench. Here\'s a step-by-step guide.</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\">Step 1: Take Everything Out</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 if you\'ve identified the offending item, you need to empty the entire contents of the refrigerator and freezer. If you have a second fridge, stash perishables there. If the odor is the result of a power outage, don\'t take any chances by hanging onto food that may have spoiled. A refrigerator will keep food at safe temperatures for about 4 hours, if it\'s left unopened, according to the USDA\'s Food Safety and Inspection Services. </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\">Step 2: Handwash Bins and Shelves</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\">Take out the shelves, bins, crisper drawers, ice trays, and any other loose components and wash them in the sink with hot, soapy water. For particularly pervasive refrigerator smells, mix up a sanitizing solution of 1 tablespoon liquid chlorine bleach per gallon of water and use it to wipe the bins and shelves down; then rinse in plain water and air dry. &nbsp; &nbsp; &nbsp; &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\">Step 3: Deodorize the Interior</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\">Now you\'re ready to wash the inside of the refrigerator. For this, our experts recommend a solution of 1 cup baking soda per gallon of water. Wipe down the interior with a sponge soaked in the solution. For caked-on food, dip a damp sponge directly in baking powder and apply a little elbow grease. Stay away from abrasive cleaners and pads, which can scratch the interior of the refrigerator. &nbsp; &nbsp; &nbsp; &nbsp;&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\">Step 4: Air it Out</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\">Here\'s where the patience piece comes in. For best results, you need to unplug the refrigerator, leave the door open, and air it out for at least one day. If the refrigerator smells persist, wipe the interior down again with the baking soda solution and air it out for another day.</p>\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>Tip:</strong>&nbsp;To introduce a pleasant smell, you can place a couple of cotton balls soaked with vanilla inside the refrigerator and freezer and close them in there for a few hours before restocking. &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\">Step 5: Clean the Evaporator</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 there\'s a lasting funk that just won\'t go away, chances are the refrigerator smells have permeated the evaporator coil, which produces cold air for the fridge and freezer. The coil, along with the fan that distributes the air, are typically located on the back wall of the freezer.&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\">In the video above, we show you how to clean the evaporator on a top-freezer refrigerator. Start by removing the screws that anchor the panel. Next disconnect the plug for the electronic controls and icemaker. Remove and wash the panel. Use a spray bottle to apply warm soapy water to the coils, capturing the dirty water runoff with an old rag; repeat the process with fresh water to rinse. Allow the coil to air dry completely before replacing the panel. &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\">This job is definitely easiest on a top-freezer, since you have plenty of room to maneuver. But you should be able to access and clean the evaporator on any refrigerator; check your user\'s manual for specific instructions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Note that if you have a newer refrigerator with dual evaporators, you will have two sets of coils—one for the freezer and one for the fridge. But if the odor is only in the fresh food compartment, you\'ll only have to clean that coil.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Now if you can only get someone to decontaminate that disgusting fridge at work.</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.consumerreports.org/refrigerators/how-to-get-rid-of-funky-refrigerator-smells/?itm_source=parsely-api\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Get Rid of Funky Refrigerator Smells','','publish','closed','closed','','how-to-get-rid-of-funky-refrigerator-smells','','','2023-07-30 13:07:14','2023-07-30 13:07:14','',0,'http://smartinsurance.tips/?p=3345',0,'post','',0),(3346,1,'2023-07-30 13:03:18','2023-07-30 13:03:18','','My-project-1-67','','inherit','closed','closed','','my-project-1-67','','','2023-07-30 13:03:18','2023-07-30 13:03:18','',3345,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-67.png',0,'attachment','image/png',0),(3347,1,'2023-07-30 13:07:14','2023-07-30 13:07:14','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A multipronged attack can bring back the freshness.</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\":3346,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-67.png\" alt=\"\" class=\"wp-image-3346\"/></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\">Rank refrigerator smells take many forms. They might emanate from the quart of milk you didn\'t toss before leaving on vacation or some hidden-away deviled eggs. Ever forget &nbsp;a potato at the bottom of the vegetable bin? Worse than you can imagine. Some odors are more offensive than others, naturally, but it\'s never a good idea to let them persist because they can permeate every inch of the fridge right down to the mechanicals and can be difficult to remove.&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\">But with a little patience and perseverance you can stanch the stench. Here\'s a step-by-step guide.</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\">Step 1: Take Everything Out</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 if you\'ve identified the offending item, you need to empty the entire contents of the refrigerator and freezer. If you have a second fridge, stash perishables there. If the odor is the result of a power outage, don\'t take any chances by hanging onto food that may have spoiled. A refrigerator will keep food at safe temperatures for about 4 hours, if it\'s left unopened, according to the USDA\'s Food Safety and Inspection Services. </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\">Step 2: Handwash Bins and Shelves</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\">Take out the shelves, bins, crisper drawers, ice trays, and any other loose components and wash them in the sink with hot, soapy water. For particularly pervasive refrigerator smells, mix up a sanitizing solution of 1 tablespoon liquid chlorine bleach per gallon of water and use it to wipe the bins and shelves down; then rinse in plain water and air dry. &nbsp; &nbsp; &nbsp; &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\">Step 3: Deodorize the Interior</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\">Now you\'re ready to wash the inside of the refrigerator. For this, our experts recommend a solution of 1 cup baking soda per gallon of water. Wipe down the interior with a sponge soaked in the solution. For caked-on food, dip a damp sponge directly in baking powder and apply a little elbow grease. Stay away from abrasive cleaners and pads, which can scratch the interior of the refrigerator. &nbsp; &nbsp; &nbsp; &nbsp;&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\">Step 4: Air it Out</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\">Here\'s where the patience piece comes in. For best results, you need to unplug the refrigerator, leave the door open, and air it out for at least one day. If the refrigerator smells persist, wipe the interior down again with the baking soda solution and air it out for another day.</p>\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>Tip:</strong>&nbsp;To introduce a pleasant smell, you can place a couple of cotton balls soaked with vanilla inside the refrigerator and freezer and close them in there for a few hours before restocking. &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\">Step 5: Clean the Evaporator</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 there\'s a lasting funk that just won\'t go away, chances are the refrigerator smells have permeated the evaporator coil, which produces cold air for the fridge and freezer. The coil, along with the fan that distributes the air, are typically located on the back wall of the freezer.&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\">In the video above, we show you how to clean the evaporator on a top-freezer refrigerator. Start by removing the screws that anchor the panel. Next disconnect the plug for the electronic controls and icemaker. Remove and wash the panel. Use a spray bottle to apply warm soapy water to the coils, capturing the dirty water runoff with an old rag; repeat the process with fresh water to rinse. Allow the coil to air dry completely before replacing the panel. &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\">This job is definitely easiest on a top-freezer, since you have plenty of room to maneuver. But you should be able to access and clean the evaporator on any refrigerator; check your user\'s manual for specific instructions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Note that if you have a newer refrigerator with dual evaporators, you will have two sets of coils—one for the freezer and one for the fridge. But if the odor is only in the fresh food compartment, you\'ll only have to clean that coil.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Now if you can only get someone to decontaminate that disgusting fridge at work.</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.consumerreports.org/refrigerators/how-to-get-rid-of-funky-refrigerator-smells/?itm_source=parsely-api\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Get Rid of Funky Refrigerator Smells','','inherit','closed','closed','','3345-revision-v1','','','2023-07-30 13:07:14','2023-07-30 13:07:14','',3345,'http://smartinsurance.tips/?p=3347',0,'revision','',0),(3348,1,'2023-07-30 13:12:58','2023-07-30 13:12:58','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3349,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-29.png\" alt=\"\" class=\"wp-image-3349\"/></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 month of May is National Wildfire Awareness Month — and it’s also the start of wildfire season — which serves as a reminder that finding adequate home insurance may need to be a priority for homeowners who live in areas of the U.S. with wildfire risk. Nearly 4.5 million homes are at risk of wildfire damage throughout the nation. Droughts and other environmental issues are leading to more frequent and intense wildfires in many areas of the U.S., which may make it difficult to find affordable home coverage if you live in a high-risk region. To help combat rising insurance rates, Bankrate compiled information that may assist you in securing a home insurance policy, along with tips on potentially reducing the risk of fire damage to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Key takeaways</strong></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>Homeowners living in areas with high wildfire risk may have difficulty finding adequate home insurance coverage and face higher premiums.</li><li>Shopping around with multiple carriers, looking for discounts and reducing your home’s fire exposure may help you find more affordable coverage.</li><li>Installing a fire-resistant roof, retrofitting your home and creating a defensible area may reduce your home’s burn risk.</li><li>Wildfire may be an excluded peril in insurance policies for homes in high-risk areas.</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 fire risk affects homeowners insurance costs</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\">According to the National Interagency Fire Center (NIFC), 58,950 fires affected over 10 million  acres in the U.S. in 2020. This number decreased slightly in 2021, with 58,985 fires involving just over 7 million acres; however, it rose again in 2022, with 68,988 fires impacting 7.5 million acres. Areas prone to this type of wildfire risk create a challenging insurance landscape.</p>\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 determining home insurance rates, most insurance companies will review the home’s location and the surrounding area’s features. Neighborhoods close to wildfire zones or in wildland urban interface locations are more at risk of damage or total loss. The higher the disaster risk, the higher the home insurance premium typically is. As rising temperatures and more frequent droughts spread across the U.S., areas that were once unaffected by wildfires are becoming at risk for this type of natural disaster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">According to S&amp;P Global, insured wildfire losses topped $13 billion in three of the last four years. Due to the cost of disaster payouts, higher premiums passed down from reinsurance companies, and no end in sight to future wildfire losses, some of the biggest insurance companies, like State Farm and Allstate, have stopped issuing new homeowners insurance policies in California. Farmers Insurance is also limiting new home policies in the state. With fewer companies sharing the risk, the remaining insurers may start limiting availability to certain ZIP codes and increasing premiums to maintain financial solvency.</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 get home insurance in high fire risk areas</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 it may be more difficult to find homeowners insurance if you live in a high-risk fire zone, it is likely still possible. If you’re struggling to find affordable homeowners insurance in a high-risk fire area, or are having trouble finding insurance entirely, these tips may help:</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>Ask your neighbors.</strong> It may be helpful to ask neighbors for the names of the companies that insure their homes. By doing this, you can build a list of potential carriers that may also be willing to insure your home. Plus, you can generally assume the insurer offers policies in your ZIP code, although you won’t know for certain until you request a quote.</li><li><strong>Shop around with more than one carrier.</strong> It may help to keep your options open when it comes to finding carriers. If you struggle to find an insurance company that’s willing to cover your home, or if you’re getting quotes that are much higher than you expected, it may pay to inquire about coverage from both large, nationally available carriers and small regional home insurance companies. Working with an independent insurance broker may help you know which carriers to start with.</li><li><strong>Take advantage of discount opportunities.</strong> Some insurers may offer discounts for bundling your home and auto insurance, paying your premium in full or upgrading your roof. If you want to save on your home insurance policy, it may pay to inquire about the discount opportunities from the insurers or agents you are getting quotes from.</li><li><strong>Consider a FAIR Plan.</strong> While in many cases a temporary solution, purchasing homeowners insurance coverage via your state’s FAIR Plan may be one way to obtain coverage while you search for a permanent option. However, FAIR Plan coverage may not be as robust as a private insurer policy and may also be more expensive than private coverage.</li><li><strong>Reduce your home’s burn risk.</strong> Installing fire prevention features may help you find more affordable coverage by reducing your home’s fire risk. Some updates can be simple, like swapping the mulch in your garden for gravel or more expensive, such as updating your siding to a fire-resistant material.</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 reduce the risk to your home in a fire-prone area</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\">In addition to helping you secure lower home insurance rates, reducing your home’s fire exposure may also help reduce your losses in the event of a fire. Some strategies for reducing your home’s burn risk 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><strong>Installing a fire-resistant roof:</strong> Fire-resistant roofs could help with mitigating fire damage to your home. Materials that typically qualify for Class A roof coverings include concrete or clay tiles, fiberglass asphalt shingles or metal roofs.</li><li><strong>Retrofit your home:</strong> CalFire, California’s Department of Forestry and Fire Protection, has a list of ways you can retrofit your home to protect against wildfire. You may be able to retrofit vents, windows, walls and even rain gutters and fences to reduce your fire exposure risk.</li><li><strong>Create a defensible area around your home:</strong> The key to this strategy is to remove any vegetation that might be flammable away from your home. This could include clearing away plants and shrubs from windows, decks, balconies and stairs as well as removing other potential hazards near the exterior of the home that might catch on fire, including mulch, pine straw, firewood or debris.</li><li><strong>Plan for water access:</strong> When preparing to evacuate your home, fill tubs with water and place buckets of water in different areas of the house. For the exterior, connect long garden hoses or sprinklers to water spigots for firefighters to immediately access additional water.</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\">Your fire prevention strategy will look different based on your home type and location. Speaking with your local fire department may help you find other ways to protect your home, such as making sure your address is clearly marked and visible from the street. There may also be local or state grants available to help with the costs of fire-prevention measures.</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/finding-affordable-homeowners-insurance-in-a-fire-zone/#frequently-asked-questions\">click here.</a></p>\n<!-- /wp:paragraph -->','How to find affordable homeowners insurance in a high-risk fire zone','','publish','closed','closed','','how-to-find-affordable-homeowners-insurance-in-a-high-risk-fire-zone','','','2023-07-30 13:12:58','2023-07-30 13:12:58','',0,'http://smartinsurance.tips/?p=3348',0,'post','',0),(3349,1,'2023-07-30 13:10:02','2023-07-30 13:10:02','','My-project-1-29','','inherit','closed','closed','','my-project-1-29-2','','','2023-07-30 13:10:02','2023-07-30 13:10:02','',3348,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-29.png',0,'attachment','image/png',0),(3350,1,'2023-07-30 13:12:58','2023-07-30 13:12:58','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3349,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-29.png\" alt=\"\" class=\"wp-image-3349\"/></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 month of May is National Wildfire Awareness Month — and it’s also the start of wildfire season — which serves as a reminder that finding adequate home insurance may need to be a priority for homeowners who live in areas of the U.S. with wildfire risk. Nearly 4.5 million homes are at risk of wildfire damage throughout the nation. Droughts and other environmental issues are leading to more frequent and intense wildfires in many areas of the U.S., which may make it difficult to find affordable home coverage if you live in a high-risk region. To help combat rising insurance rates, Bankrate compiled information that may assist you in securing a home insurance policy, along with tips on potentially reducing the risk of fire damage to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Key takeaways</strong></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>Homeowners living in areas with high wildfire risk may have difficulty finding adequate home insurance coverage and face higher premiums.</li><li>Shopping around with multiple carriers, looking for discounts and reducing your home’s fire exposure may help you find more affordable coverage.</li><li>Installing a fire-resistant roof, retrofitting your home and creating a defensible area may reduce your home’s burn risk.</li><li>Wildfire may be an excluded peril in insurance policies for homes in high-risk areas.</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 fire risk affects homeowners insurance costs</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\">According to the National Interagency Fire Center (NIFC), 58,950 fires affected over 10 million  acres in the U.S. in 2020. This number decreased slightly in 2021, with 58,985 fires involving just over 7 million acres; however, it rose again in 2022, with 68,988 fires impacting 7.5 million acres. Areas prone to this type of wildfire risk create a challenging insurance landscape.</p>\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 determining home insurance rates, most insurance companies will review the home’s location and the surrounding area’s features. Neighborhoods close to wildfire zones or in wildland urban interface locations are more at risk of damage or total loss. The higher the disaster risk, the higher the home insurance premium typically is. As rising temperatures and more frequent droughts spread across the U.S., areas that were once unaffected by wildfires are becoming at risk for this type of natural disaster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">According to S&amp;P Global, insured wildfire losses topped $13 billion in three of the last four years. Due to the cost of disaster payouts, higher premiums passed down from reinsurance companies, and no end in sight to future wildfire losses, some of the biggest insurance companies, like State Farm and Allstate, have stopped issuing new homeowners insurance policies in California. Farmers Insurance is also limiting new home policies in the state. With fewer companies sharing the risk, the remaining insurers may start limiting availability to certain ZIP codes and increasing premiums to maintain financial solvency.</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 get home insurance in high fire risk areas</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 it may be more difficult to find homeowners insurance if you live in a high-risk fire zone, it is likely still possible. If you’re struggling to find affordable homeowners insurance in a high-risk fire area, or are having trouble finding insurance entirely, these tips may help:</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>Ask your neighbors.</strong> It may be helpful to ask neighbors for the names of the companies that insure their homes. By doing this, you can build a list of potential carriers that may also be willing to insure your home. Plus, you can generally assume the insurer offers policies in your ZIP code, although you won’t know for certain until you request a quote.</li><li><strong>Shop around with more than one carrier.</strong> It may help to keep your options open when it comes to finding carriers. If you struggle to find an insurance company that’s willing to cover your home, or if you’re getting quotes that are much higher than you expected, it may pay to inquire about coverage from both large, nationally available carriers and small regional home insurance companies. Working with an independent insurance broker may help you know which carriers to start with.</li><li><strong>Take advantage of discount opportunities.</strong> Some insurers may offer discounts for bundling your home and auto insurance, paying your premium in full or upgrading your roof. If you want to save on your home insurance policy, it may pay to inquire about the discount opportunities from the insurers or agents you are getting quotes from.</li><li><strong>Consider a FAIR Plan.</strong> While in many cases a temporary solution, purchasing homeowners insurance coverage via your state’s FAIR Plan may be one way to obtain coverage while you search for a permanent option. However, FAIR Plan coverage may not be as robust as a private insurer policy and may also be more expensive than private coverage.</li><li><strong>Reduce your home’s burn risk.</strong> Installing fire prevention features may help you find more affordable coverage by reducing your home’s fire risk. Some updates can be simple, like swapping the mulch in your garden for gravel or more expensive, such as updating your siding to a fire-resistant material.</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 reduce the risk to your home in a fire-prone area</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\">In addition to helping you secure lower home insurance rates, reducing your home’s fire exposure may also help reduce your losses in the event of a fire. Some strategies for reducing your home’s burn risk 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><strong>Installing a fire-resistant roof:</strong> Fire-resistant roofs could help with mitigating fire damage to your home. Materials that typically qualify for Class A roof coverings include concrete or clay tiles, fiberglass asphalt shingles or metal roofs.</li><li><strong>Retrofit your home:</strong> CalFire, California’s Department of Forestry and Fire Protection, has a list of ways you can retrofit your home to protect against wildfire. You may be able to retrofit vents, windows, walls and even rain gutters and fences to reduce your fire exposure risk.</li><li><strong>Create a defensible area around your home:</strong> The key to this strategy is to remove any vegetation that might be flammable away from your home. This could include clearing away plants and shrubs from windows, decks, balconies and stairs as well as removing other potential hazards near the exterior of the home that might catch on fire, including mulch, pine straw, firewood or debris.</li><li><strong>Plan for water access:</strong> When preparing to evacuate your home, fill tubs with water and place buckets of water in different areas of the house. For the exterior, connect long garden hoses or sprinklers to water spigots for firefighters to immediately access additional water.</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\">Your fire prevention strategy will look different based on your home type and location. Speaking with your local fire department may help you find other ways to protect your home, such as making sure your address is clearly marked and visible from the street. There may also be local or state grants available to help with the costs of fire-prevention measures.</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/finding-affordable-homeowners-insurance-in-a-fire-zone/#frequently-asked-questions\">click here.</a></p>\n<!-- /wp:paragraph -->','How to find affordable homeowners insurance in a high-risk fire zone','','inherit','closed','closed','','3348-revision-v1','','','2023-07-30 13:12:58','2023-07-30 13:12:58','',3348,'http://smartinsurance.tips/?p=3350',0,'revision','',0),(3351,1,'2023-07-31 01:59:21','2023-07-31 01:59:21','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3352,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-30.png\" alt=\"\" class=\"wp-image-3352\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\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\">What Is Watercraft 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_1-0-1\">Watercraft insurance is an umbrella term for three types of insurance: boat insurance, yacht insurance, and personal watercraft insurance. It protects against damages to vessels powered by a motor that has a horsepower of at least 25 miles per hour (mph). Examples of the types of costs covered by watercraft insurance policies include physical loss or damage to the boat, theft of the boat, and towing.</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>Watercraft insurance is an umbrella term for three types of insurance: boat insurance, yacht insurance, and personal watercraft insurance.</li><li>The type of coverage you buy is dictated by the size of your vessel.</li><li>Although watercraft insurance is not required in many states, many boat owners choose to purchase it anyway.</li><li>Boat-loan providers and marinas often require boat owners to have watercraft 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\" id=\"mntl-sc-block_1-0-5\">How Watercraft Insurance Works</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_1-0-6\">Depending on the policy, there may also be watercraft liability coverage for bodily injury to people other than the boat’s owner and family, guest passengers using the boat by themselves, and medical payments for injury to the owner and their family. Some policies, however, require the purchase of additional liability coverage as an add-on. The specific type of insurance you buy is dictated by the size of your vessel.</p>\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_1-0-8\">Watercraft insurance is similar to other types of insurance products. In exchange for paying a series of insurance premiums, the policyholder receives protection from certain rare but potentially costly risks. Depending on factors such as the size of the craft, its age, and its intended uses, the premium costs may range from relatively inexpensive to pricey. When underwriting a policy, an insurance company will also consider the policyholder’s track record of previous claims.</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\">Boat 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\">Any vessel under 197 feet long is considered a boat, while ships are 197 feet or longer. The dividing line between boat and yacht is less settled. Some sources define a yacht as at least 30 feet long. Anything shorter is a pleasure boat.2 For insurance purposes, the National Boat Owners Association marks the dividing line at 27 feet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Small craft, such as canoes, rowboats, small sailboats, and powerboats with less than 25 miles-per-hour horsepower may be covered under a standard homeowners or renter’s insurance policy. However, such coverage is unlikely to include liability insurance. Typical boat insurance covers theft; physical damage to the boat itself due to a collision or striking a submerged object; property damage to the boat caused by vandalism, a windstorm, or lightning; and medical payments for injured passengers and the owner and their family. For each coverage, there will be different deductibles, which is how much you must pay out of pocket before your insurance kicks in. Boat insurance will often provide better liability insurance than a homeowners policy, but it is often wise to purchase additional liability coverage as an add-on.</p>\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\">In the event of a total loss, it is important to know whether your policy pays actual cash value (ACV) or agreed value (AV). ACV is cheaper because it only pays for what the boat was worth at the time of the loss, factoring in depreciation and wear and tear on the vessel. AV pays a price that you and your insurer agree upon in advance, an amount that is likely to be closer to the amount you paid for the boat when new.</p>\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\">Other considerations for boat insurance can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-19\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Lay-up period</strong>—This covers your boat for property damage during the off-season, when it isn’t in the water.</li><li><strong>Navigational territory</strong>—Your insurance will generally specify where you can go in your boat and still be covered.</li><li><strong>Property damage</strong>—This is for damage your boat inflicts on someone else’s property.</li><li><strong>Hurricane haul-out provisions</strong>—This covers your costs of getting the boat out of harm’s way before a windstorm. </li><li><strong>On-water towing and assistance</strong>—This is for unexpected breakdowns or running aground.</li><li><strong>Fuel spill liability protection</strong>—Should there be an accidental discharge of fuel from your boat, this will cover the costs of a clean-up.</li><li><strong>Personal effects coverage</strong>—This will protect any expensive equipment you have on your boat, such as fishing gear</li><li><strong>Ice and freeze coverage</strong>—Should cold weather damage your boat’s engine and water systems, this will pay the bill.</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\" id=\"mntl-sc-block_1-0-21\">Yacht 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_1-0-22\">Most yacht coverage is broader and more specialized than pleasure boat coverage because larger vessels travel farther and are exposed to greater risks. It also generally costs more, in part because yachts cost more. In terms of a deductible, it is usually determined as a percentage of the insured value. With a 1% deductible, a boat insured for $175,000 would have a $1,750 deductible. Most lenders allow a maximum deductible of 2% of the insured value.</p>\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\">Generally, yacht insurance coverage does not include wear and tear, gradual deterioration, marine life, marring, denting, scratching, animal damage, osmosis, blistering, electrolysis, manufacturer’s defects, defects in design, and ice and freezing.</p>\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\">There are two main parts of a yacht insurance policy: hull insurance and protection and indemnity (P&amp;I). The first is an all-risk, direct damage coverage that includes an AV for hull coverage, and in the case of a total loss, it will be paid out in full. Replacement cost coverage on partial losses is also available. However, sails, canvas, batteries, outboards, and sometimes outdrives are usually subject to depreciation instead.</p>\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\">P&amp;I insurance is the broadest of all liability coverages, and because maritime law is particular, you will need coverages that are designed for those exposures. Longshore and harbor workers’ coverage and Jones Act coverage (for the yacht’s crew) are included and are important because your losses in these areas could run into six figures. P&amp;I will cover any judgments against you and also pay for your defense in admiralty courts.</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\">Personal Watercraft 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_1-0-31\">Personal watercraft insurance is for recreational vehicles such as Jet Skis, Sea-Doos, and Yamaha Wave Runners. These surface-skimming craft can have engines with horsepower anywhere from 60 mph to 310 mph. They usually are not covered by homeowners insurance, and even when they are, the coverage limits 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_1-0-33\">Personal watercraft insurance covers the owner and anyone they allow to use the craft for risks such as:﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-35\" class=\"has-black-color has-text-color has-large-font-size\"><li>Bodily injury to another person</li><li>Bodily injury to you that is caused by an uninsured watercraft operator</li><li>Liability in the form of legal costs if you’re sued due to an accident (which can include water sports liability for things such as waterskiing risks)</li><li>Property damage to another watercraft, a boat, or a dock</li><li>Theft</li><li>Towing after an accident</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_1-0-37\">Deductibles and liability limits will vary depending upon the policy and the company offering it. You can buy additional coverage for trailers and accessories and, if you own more than one craft, you may be able to bundle your insurance policies for a discount. These pleasure vehicles are easy to use but can also be dangerous, causing thousands of injuries every year, which makes personal watercraft insurance a wise investment.</p>\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> Watercraft insurance policies may limit the geographic areas in which the boat or watercraft can be operated while maintaining coverage. These often include inland waterways, rivers, and lakes, as well as ocean waters within a certain number of miles from shore.</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\">Do I Need Watercraft 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_1-0-42\">Only a few states make it mandatory for boat owners to obtain watercraft insurance. However, many owners will opt to purchase it regardless, partly because doing so is required in order to obtain a boat loan. Marinas may also require owners to have watercraft insurance as a condition within their rental agreements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\"></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/w/watercraft-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Watercraft Insurance','','publish','closed','closed','','watercraft-insurance','','','2023-07-31 01:59:21','2023-07-31 01:59:21','',0,'http://smartinsurance.tips/?p=3351',0,'post','',0),(3352,1,'2023-07-31 01:53:24','2023-07-31 01:53:24','','My-project-1-30','','inherit','closed','closed','','my-project-1-30','','','2023-07-31 01:53:24','2023-07-31 01:53:24','',3351,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-30.png',0,'attachment','image/png',0),(3353,1,'2023-07-31 01:59:21','2023-07-31 01:59:21','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3352,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-30.png\" alt=\"\" class=\"wp-image-3352\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\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\">What Is Watercraft 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_1-0-1\">Watercraft insurance is an umbrella term for three types of insurance: boat insurance, yacht insurance, and personal watercraft insurance. It protects against damages to vessels powered by a motor that has a horsepower of at least 25 miles per hour (mph). Examples of the types of costs covered by watercraft insurance policies include physical loss or damage to the boat, theft of the boat, and towing.</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>Watercraft insurance is an umbrella term for three types of insurance: boat insurance, yacht insurance, and personal watercraft insurance.</li><li>The type of coverage you buy is dictated by the size of your vessel.</li><li>Although watercraft insurance is not required in many states, many boat owners choose to purchase it anyway.</li><li>Boat-loan providers and marinas often require boat owners to have watercraft 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\" id=\"mntl-sc-block_1-0-5\">How Watercraft Insurance Works</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_1-0-6\">Depending on the policy, there may also be watercraft liability coverage for bodily injury to people other than the boat’s owner and family, guest passengers using the boat by themselves, and medical payments for injury to the owner and their family. Some policies, however, require the purchase of additional liability coverage as an add-on. The specific type of insurance you buy is dictated by the size of your vessel.</p>\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_1-0-8\">Watercraft insurance is similar to other types of insurance products. In exchange for paying a series of insurance premiums, the policyholder receives protection from certain rare but potentially costly risks. Depending on factors such as the size of the craft, its age, and its intended uses, the premium costs may range from relatively inexpensive to pricey. When underwriting a policy, an insurance company will also consider the policyholder’s track record of previous claims.</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\">Boat 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\">Any vessel under 197 feet long is considered a boat, while ships are 197 feet or longer. The dividing line between boat and yacht is less settled. Some sources define a yacht as at least 30 feet long. Anything shorter is a pleasure boat.2 For insurance purposes, the National Boat Owners Association marks the dividing line at 27 feet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Small craft, such as canoes, rowboats, small sailboats, and powerboats with less than 25 miles-per-hour horsepower may be covered under a standard homeowners or renter’s insurance policy. However, such coverage is unlikely to include liability insurance. Typical boat insurance covers theft; physical damage to the boat itself due to a collision or striking a submerged object; property damage to the boat caused by vandalism, a windstorm, or lightning; and medical payments for injured passengers and the owner and their family. For each coverage, there will be different deductibles, which is how much you must pay out of pocket before your insurance kicks in. Boat insurance will often provide better liability insurance than a homeowners policy, but it is often wise to purchase additional liability coverage as an add-on.</p>\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\">In the event of a total loss, it is important to know whether your policy pays actual cash value (ACV) or agreed value (AV). ACV is cheaper because it only pays for what the boat was worth at the time of the loss, factoring in depreciation and wear and tear on the vessel. AV pays a price that you and your insurer agree upon in advance, an amount that is likely to be closer to the amount you paid for the boat when new.</p>\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\">Other considerations for boat insurance can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-19\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Lay-up period</strong>—This covers your boat for property damage during the off-season, when it isn’t in the water.</li><li><strong>Navigational territory</strong>—Your insurance will generally specify where you can go in your boat and still be covered.</li><li><strong>Property damage</strong>—This is for damage your boat inflicts on someone else’s property.</li><li><strong>Hurricane haul-out provisions</strong>—This covers your costs of getting the boat out of harm’s way before a windstorm. </li><li><strong>On-water towing and assistance</strong>—This is for unexpected breakdowns or running aground.</li><li><strong>Fuel spill liability protection</strong>—Should there be an accidental discharge of fuel from your boat, this will cover the costs of a clean-up.</li><li><strong>Personal effects coverage</strong>—This will protect any expensive equipment you have on your boat, such as fishing gear</li><li><strong>Ice and freeze coverage</strong>—Should cold weather damage your boat’s engine and water systems, this will pay the bill.</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\" id=\"mntl-sc-block_1-0-21\">Yacht 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_1-0-22\">Most yacht coverage is broader and more specialized than pleasure boat coverage because larger vessels travel farther and are exposed to greater risks. It also generally costs more, in part because yachts cost more. In terms of a deductible, it is usually determined as a percentage of the insured value. With a 1% deductible, a boat insured for $175,000 would have a $1,750 deductible. Most lenders allow a maximum deductible of 2% of the insured value.</p>\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\">Generally, yacht insurance coverage does not include wear and tear, gradual deterioration, marine life, marring, denting, scratching, animal damage, osmosis, blistering, electrolysis, manufacturer’s defects, defects in design, and ice and freezing.</p>\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\">There are two main parts of a yacht insurance policy: hull insurance and protection and indemnity (P&amp;I). The first is an all-risk, direct damage coverage that includes an AV for hull coverage, and in the case of a total loss, it will be paid out in full. Replacement cost coverage on partial losses is also available. However, sails, canvas, batteries, outboards, and sometimes outdrives are usually subject to depreciation instead.</p>\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\">P&amp;I insurance is the broadest of all liability coverages, and because maritime law is particular, you will need coverages that are designed for those exposures. Longshore and harbor workers’ coverage and Jones Act coverage (for the yacht’s crew) are included and are important because your losses in these areas could run into six figures. P&amp;I will cover any judgments against you and also pay for your defense in admiralty courts.</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\">Personal Watercraft 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_1-0-31\">Personal watercraft insurance is for recreational vehicles such as Jet Skis, Sea-Doos, and Yamaha Wave Runners. These surface-skimming craft can have engines with horsepower anywhere from 60 mph to 310 mph. They usually are not covered by homeowners insurance, and even when they are, the coverage limits 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_1-0-33\">Personal watercraft insurance covers the owner and anyone they allow to use the craft for risks such as:﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-35\" class=\"has-black-color has-text-color has-large-font-size\"><li>Bodily injury to another person</li><li>Bodily injury to you that is caused by an uninsured watercraft operator</li><li>Liability in the form of legal costs if you’re sued due to an accident (which can include water sports liability for things such as waterskiing risks)</li><li>Property damage to another watercraft, a boat, or a dock</li><li>Theft</li><li>Towing after an accident</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_1-0-37\">Deductibles and liability limits will vary depending upon the policy and the company offering it. You can buy additional coverage for trailers and accessories and, if you own more than one craft, you may be able to bundle your insurance policies for a discount. These pleasure vehicles are easy to use but can also be dangerous, causing thousands of injuries every year, which makes personal watercraft insurance a wise investment.</p>\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> Watercraft insurance policies may limit the geographic areas in which the boat or watercraft can be operated while maintaining coverage. These often include inland waterways, rivers, and lakes, as well as ocean waters within a certain number of miles from shore.</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\">Do I Need Watercraft 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_1-0-42\">Only a few states make it mandatory for boat owners to obtain watercraft insurance. However, many owners will opt to purchase it regardless, partly because doing so is required in order to obtain a boat loan. Marinas may also require owners to have watercraft insurance as a condition within their rental agreements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\"></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/w/watercraft-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Watercraft Insurance','','inherit','closed','closed','','3351-revision-v1','','','2023-07-31 01:59:21','2023-07-31 01:59:21','',3351,'http://smartinsurance.tips/?p=3353',0,'revision','',0),(3354,1,'2023-07-31 02:00:01','2023-07-31 02:00:01','','My-project-1-30-1','','inherit','closed','closed','','my-project-1-30-1','','','2023-07-31 02:00:01','2023-07-31 02:00:01','',1828,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-30-1.png',0,'attachment','image/png',0),(3355,1,'2023-07-31 02:00:12','2023-07-31 02:00:12','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3354,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-30-1.png\" alt=\"\" class=\"wp-image-3354\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0\">What Is Watercraft Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Watercraft insurance is an umbrella term for three types of insurance: boat insurance, yacht insurance, and personal watercraft insurance. It protects against damages to vessels powered by a motor that has horsepower of at least 25 miles per hour (mph). Examples of the types of costs covered by watercraft insurance policies include physical loss or damage to the boat, theft of the boat, and towing.﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Depending on the policy, there may also be watercraft liability coverage for bodily injury to people other than the boat’s owner and family, guest passengers using the boat by themselves, and medical payments for injury to the owner and their family. Some policies, however, require the purchase of additional liability coverage as an add-on. The specific type of insurance you buy is dictated by the size of your vessel.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Key takaways:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Watercraft insurance is an umbrella term for three types of insurance: boat insurance, yacht insurance, and personal watercraft insurance.</li><li>The type of coverage you buy is dictated by the size of your vessel.</li><li>Although watercraft insurance is not required in many states, many boat owners choose to purchase it anyway.</li><li>Boat-loan providers and marinas often require boat owners to have watercraft insurance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-7\">How Watercraft Insurance Works?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Watercraft insurance is similar to other types of insurance products. In exchange for paying a series of insurance premiums, the policyholder receives protection from certain rare but potentially costly risks. Depending on factors such as the size of the craft, its age, and its intended uses, the premium costs may range from relatively inexpensive to pricey. When underwriting a policy, an insurance company will also consider the policyholder’s track record of previous claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-10\">Boat insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Any vessel under 197 feet long is considered a boat, while ships are 197 feet or longer. The dividing line between boat and yacht is less settled. Some sources define a yacht as at least 30 feet long. Anything shorter is a pleasure boat. For its purposes, the National Boat Owners Association marks the dividing line at 27 feet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Small craft, such as canoes, rowboats, small sailboats, and powerboats with less than 25 miles-per-hour horsepower may be covered under a standard homeowners or renter’s insurance policy. However, such coverage is unlikely to include liability insurance. Typical boat insurance covers theft; physical damage to the boat itself due to a collision or striking a submerged object; property damage to the boat caused by vandalism, a windstorm, or lightning; and medical payments for injured passengers and the owner and their family. For each coverage there will be different deductibles, which is how much you must pay out of pocket before your insurance kicks in. Boat insurance will often provide better liability insurance than a homeowners policy, but it is often wise to purchase additional liability coverage as an add-on.﻿﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In the event of a total loss, it is important to know whether your policy pays actual cash value (ACV) or agreed value (AV). ACV is cheaper, because it only pays for what the boat was worth at the time of the loss, factoring in depreciation and wear and tear on the vessel. AV pays a price that you and your insurer agree upon in advance, an amount that is likely to be closer to the amount you paid for the boat when new.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Other considerations for boat insurance can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-19\"><li><strong>Lay-up period</strong>—This covers your boat for property damage during the off-season, when it isn’t in the water.</li><li><strong>Navigational territory</strong>—Your insurance will generally specify where you can go in your boat and still be covered.</li><li><strong>Property damage</strong>—This is for damage your boat inflicts on someone else’s property.</li><li><strong>Hurricane haul-out provisions</strong>—This covers your costs of getting the boat out of harm’s way before a windstorm.&nbsp;</li><li><strong>On-water towing and assistance</strong>—This is for unexpected breakdowns or running aground.</li><li><strong>Fuel spill liability protection</strong>—Should there be an accidental discharge of fuel from your boat, this will cover the costs of a clean-up.</li><li><strong>Personal effects coverage</strong>—This will protect any expensive equipment you have on your boat, such as fishing gear</li><li><strong>Ice and freeze coverage</strong>—Should cold weather damage your boat’s engine and water systems, this will pay the bill.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-21\">Yacht insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most yacht coverage is broader and more specialized than pleasure boat coverage because larger vessels travel farther and are exposed to greater risks. It also generally costs more, in part because yachts cost more. In terms of a deductible, it is usually determined as a percentage of the insured value. With a 1% deductible, a boat insured for $175,000 would have a $1,750 deductible. Most lenders allow a maximum deductible of 2% of the insured value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Generally, yacht insurance coverage does not include wear and tear, gradual deterioration, marine life, marring, denting, scratching, animal damage, osmosis, blistering, electrolysis, manufacturer’s defects, defects in design, and ice and freezing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are two main parts of a yacht insurance policy: hull insurance and protection and indemnity (P&amp;I). The first is an all-risk, direct damage coverage that includes an AV for hull coverage, and in the case of a total loss it will be paid out in full. Replacement cost coverage on partial losses is also available. However, sails, canvas, batteries, outboards, and sometimes outdrives are usually subject to depreciation instead.6﻿﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>P&amp;I insurance is the broadest of all liability coverages, and because maritime law is particular, you will need coverages that are designed for those exposures. Long shore and harbor workers’ coverage and Jones Act coverage (for the yacht’s crew) are included and are important because your losses in these areas could run into six figures. P&amp;I will cover any judgements against you and also pay for your defense in admiralty courts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-30\">Personal watercraft insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">Personal watercraft insurance is for recreational vehicles such as Jet Skis, Sea-Doos, and Yamaha Wave Runners. These surface-skimming craft can have engines with horsepower anywhere from 60 mph to 310 mph. They usually are not covered by homeowners insurance, and even when they are, the coverage limits are low.﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">Personal watercraft insurance covers the owner and anyone they allow to use the craft for risks such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-35\"><li>Bodily injury to another person</li><li>Bodily injury to you that is caused by an uninsured watercraft operator</li><li>Liability in the form of legal costs if you’re sued due to an accident (which can include water sports liability for things such as water skiing risks)</li><li>Property damage to another watercraft, a boat, or a dock</li><li>Theft</li><li>Towing after an accident</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Deductibles and liability limits will vary depending upon the policy and the company offering it. You can buy additional coverage for trailers and accessories and, if you own more than one craft, you may be able to bundle your insurance policies for a discount. These pleasure vehicles are easy to use but can also be dangerous, causing thousands of injuries every year, which makes personal watercraft insurance a wise investment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: Watercraft insurance policies may limit the geographic areas in which the boat or watercraft can be operated while maintaining coverage. These often include inland waterways, rivers, and lakes, as well as ocean waters within a certain number of miles from shore.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-41\">Do I Need Watercraft Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Only a few states make it mandatory for boat owners to obtain watercraft insurance. However, many owners will opt to purchase it regardless, partly because doing so is required in order to obtain a boat loan. Marinas may also require owners to have watercraft insurance as a condition within their rental agreements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even if your craft isn’t worth much money, obtaining watercraft insurance is a good idea because of the risk of injury on the water, especially from a collision. Even if you aren’t at fault, you could spend a lot of money in legal fees defending yourself—much more than your insurance premiums. If you do decide to purchase this insurance, make a point of comparing policies from multiple companies before deciding on which is best for you. As with all insurance, the question is what price you put on having peace of mind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/terms/w/watercraft-insurance.asp\">click here</a>.</p>\n<!-- /wp:paragraph -->','Watercraft Insurance','','inherit','closed','closed','','1828-revision-v1','','','2023-07-31 02:00:12','2023-07-31 02:00:12','',1828,'http://smartinsurance.tips/?p=3355',0,'revision','',0),(3356,1,'2023-07-31 02:02:30','2023-07-31 02:02:30','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3354,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-30-1.png\" alt=\"\" class=\"wp-image-3354\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\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\">What Is Watercraft 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\">Watercraft insurance is an umbrella term for three types of insurance: boat insurance, yacht insurance, and personal watercraft insurance. It protects against damages to vessels powered by a motor that has horsepower of at least 25 miles per hour (mph). Examples of the types of costs covered by watercraft insurance policies include physical loss or damage to the boat, theft of the boat, and towing.﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Depending on the policy, there may also be watercraft liability coverage for bodily injury to people other than the boat’s owner and family, guest passengers using the boat by themselves, and medical payments for injury to the owner and their family. Some policies, however, require the purchase of additional liability coverage as an add-on. The specific type of insurance you buy is dictated by the size of your vessel.</p>\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>Key takaways:</strong></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>Watercraft insurance is an umbrella term for three types of insurance: boat insurance, yacht insurance, and personal watercraft insurance.</li><li>The type of coverage you buy is dictated by the size of your vessel.</li><li>Although watercraft insurance is not required in many states, many boat owners choose to purchase it anyway.</li><li>Boat-loan providers and marinas often require boat owners to have watercraft 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\" id=\"mntl-sc-block_1-0-7\">How Watercraft Insurance Works?</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\">Watercraft insurance is similar to other types of insurance products. In exchange for paying a series of insurance premiums, the policyholder receives protection from certain rare but potentially costly risks. Depending on factors such as the size of the craft, its age, and its intended uses, the premium costs may range from relatively inexpensive to pricey. When underwriting a policy, an insurance company will also consider the policyholder’s track record of previous claims.</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\">Boat 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\">Any vessel under 197 feet long is considered a boat, while ships are 197 feet or longer. The dividing line between boat and yacht is less settled. Some sources define a yacht as at least 30 feet long. Anything shorter is a pleasure boat. For its purposes, the National Boat Owners Association marks the dividing line at 27 feet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Small craft, such as canoes, rowboats, small sailboats, and powerboats with less than 25 miles-per-hour horsepower may be covered under a standard homeowners or renter’s insurance policy. However, such coverage is unlikely to include liability insurance. Typical boat insurance covers theft; physical damage to the boat itself due to a collision or striking a submerged object; property damage to the boat caused by vandalism, a windstorm, or lightning; and medical payments for injured passengers and the owner and their family. For each coverage there will be different deductibles, which is how much you must pay out of pocket before your insurance kicks in. Boat insurance will often provide better liability insurance than a homeowners policy, but it is often wise to purchase additional liability coverage as an add-on.﻿﻿</p>\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 the event of a total loss, it is important to know whether your policy pays actual cash value (ACV) or agreed value (AV). ACV is cheaper, because it only pays for what the boat was worth at the time of the loss, factoring in depreciation and wear and tear on the vessel. AV pays a price that you and your insurer agree upon in advance, an amount that is likely to be closer to the amount you paid for the boat when new.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Other considerations for boat insurance can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-19\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Lay-up period</strong>—This covers your boat for property damage during the off-season, when it isn’t in the water.</li><li><strong>Navigational territory</strong>—Your insurance will generally specify where you can go in your boat and still be covered.</li><li><strong>Property damage</strong>—This is for damage your boat inflicts on someone else’s property.</li><li><strong>Hurricane haul-out provisions</strong>—This covers your costs of getting the boat out of harm’s way before a windstorm.&nbsp;</li><li><strong>On-water towing and assistance</strong>—This is for unexpected breakdowns or running aground.</li><li><strong>Fuel spill liability protection</strong>—Should there be an accidental discharge of fuel from your boat, this will cover the costs of a clean-up.</li><li><strong>Personal effects coverage</strong>—This will protect any expensive equipment you have on your boat, such as fishing gear</li><li><strong>Ice and freeze coverage</strong>—Should cold weather damage your boat’s engine and water systems, this will pay the bill.</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\" id=\"mntl-sc-block_1-0-21\">Yacht 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\">Most yacht coverage is broader and more specialized than pleasure boat coverage because larger vessels travel farther and are exposed to greater risks. It also generally costs more, in part because yachts cost more. In terms of a deductible, it is usually determined as a percentage of the insured value. With a 1% deductible, a boat insured for $175,000 would have a $1,750 deductible. Most lenders allow a maximum deductible of 2% of the insured value.</p>\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, yacht insurance coverage does not include wear and tear, gradual deterioration, marine life, marring, denting, scratching, animal damage, osmosis, blistering, electrolysis, manufacturer’s defects, defects in design, and ice and freezing.</p>\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 two main parts of a yacht insurance policy: hull insurance and protection and indemnity (P&amp;I). The first is an all-risk, direct damage coverage that includes an AV for hull coverage, and in the case of a total loss it will be paid out in full. Replacement cost coverage on partial losses is also available. However, sails, canvas, batteries, outboards, and sometimes outdrives are usually subject to depreciation instead.6﻿﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">P&amp;I insurance is the broadest of all liability coverages, and because maritime law is particular, you will need coverages that are designed for those exposures. Long shore and harbor workers’ coverage and Jones Act coverage (for the yacht’s crew) are included and are important because your losses in these areas could run into six figures. P&amp;I will cover any judgements against you and also pay for your defense in admiralty courts.</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\">Personal watercraft 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_1-0-31\">Personal watercraft insurance is for recreational vehicles such as Jet Skis, Sea-Doos, and Yamaha Wave Runners. These surface-skimming craft can have engines with horsepower anywhere from 60 mph to 310 mph. They usually are not covered by homeowners insurance, and even when they are, the coverage limits 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_1-0-33\">Personal watercraft insurance covers the owner and anyone they allow to use the craft for risks such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-35\" class=\"has-black-color has-text-color has-large-font-size\"><li>Bodily injury to another person</li><li>Bodily injury to you that is caused by an uninsured watercraft operator</li><li>Liability in the form of legal costs if you’re sued due to an accident (which can include water sports liability for things such as water skiing risks)</li><li>Property damage to another watercraft, a boat, or a dock</li><li>Theft</li><li>Towing after an accident</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Deductibles and liability limits will vary depending upon the policy and the company offering it. You can buy additional coverage for trailers and accessories and, if you own more than one craft, you may be able to bundle your insurance policies for a discount. These pleasure vehicles are easy to use but can also be dangerous, causing thousands of injuries every year, which makes personal watercraft insurance a wise investment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: Watercraft insurance policies may limit the geographic areas in which the boat or watercraft can be operated while maintaining coverage. These often include inland waterways, rivers, and lakes, as well as ocean waters within a certain number of miles from shore.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-41\">Do I Need Watercraft Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Only a few states make it mandatory for boat owners to obtain watercraft insurance. However, many owners will opt to purchase it regardless, partly because doing so is required in order to obtain a boat loan. Marinas may also require owners to have watercraft insurance as a condition within their rental agreements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even if your craft isn’t worth much money, obtaining watercraft insurance is a good idea because of the risk of injury on the water, especially from a collision. Even if you aren’t at fault, you could spend a lot of money in legal fees defending yourself—much more than your insurance premiums. If you do decide to purchase this insurance, make a point of comparing policies from multiple companies before deciding on which is best for you. As with all insurance, the question is what price you put on having peace of mind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/terms/w/watercraft-insurance.asp\">click here</a>.</p>\n<!-- /wp:paragraph -->','Watercraft Insurance','','inherit','closed','closed','','1828-autosave-v1','','','2023-07-31 02:02:30','2023-07-31 02:02:30','',1828,'http://smartinsurance.tips/?p=3356',0,'revision','',0),(3357,1,'2023-07-31 02:02:58','2023-07-31 02:02:58','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3354,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-30-1.png\" alt=\"\" class=\"wp-image-3354\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\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\">What Is Watercraft 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\">Watercraft insurance is an umbrella term for three types of insurance: boat insurance, yacht insurance, and personal watercraft insurance. It protects against damages to vessels powered by a motor that has horsepower of at least 25 miles per hour (mph). Examples of the types of costs covered by watercraft insurance policies include physical loss or damage to the boat, theft of the boat, and towing.﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Depending on the policy, there may also be watercraft liability coverage for bodily injury to people other than the boat’s owner and family, guest passengers using the boat by themselves, and medical payments for injury to the owner and their family. Some policies, however, require the purchase of additional liability coverage as an add-on. The specific type of insurance you buy is dictated by the size of your vessel.</p>\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>Key takaways:</strong></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>Watercraft insurance is an umbrella term for three types of insurance: boat insurance, yacht insurance, and personal watercraft insurance.</li><li>The type of coverage you buy is dictated by the size of your vessel.</li><li>Although watercraft insurance is not required in many states, many boat owners choose to purchase it anyway.</li><li>Boat-loan providers and marinas often require boat owners to have watercraft 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\" id=\"mntl-sc-block_1-0-7\">How Watercraft Insurance Works?</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\">Watercraft insurance is similar to other types of insurance products. In exchange for paying a series of insurance premiums, the policyholder receives protection from certain rare but potentially costly risks. Depending on factors such as the size of the craft, its age, and its intended uses, the premium costs may range from relatively inexpensive to pricey. When underwriting a policy, an insurance company will also consider the policyholder’s track record of previous claims.</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\">Boat 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\">Any vessel under 197 feet long is considered a boat, while ships are 197 feet or longer. The dividing line between boat and yacht is less settled. Some sources define a yacht as at least 30 feet long. Anything shorter is a pleasure boat. For its purposes, the National Boat Owners Association marks the dividing line at 27 feet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Small craft, such as canoes, rowboats, small sailboats, and powerboats with less than 25 miles-per-hour horsepower may be covered under a standard homeowners or renter’s insurance policy. However, such coverage is unlikely to include liability insurance. Typical boat insurance covers theft; physical damage to the boat itself due to a collision or striking a submerged object; property damage to the boat caused by vandalism, a windstorm, or lightning; and medical payments for injured passengers and the owner and their family. For each coverage there will be different deductibles, which is how much you must pay out of pocket before your insurance kicks in. Boat insurance will often provide better liability insurance than a homeowners policy, but it is often wise to purchase additional liability coverage as an add-on.﻿﻿</p>\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 the event of a total loss, it is important to know whether your policy pays actual cash value (ACV) or agreed value (AV). ACV is cheaper, because it only pays for what the boat was worth at the time of the loss, factoring in depreciation and wear and tear on the vessel. AV pays a price that you and your insurer agree upon in advance, an amount that is likely to be closer to the amount you paid for the boat when new.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Other considerations for boat insurance can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-19\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Lay-up period</strong>—This covers your boat for property damage during the off-season, when it isn’t in the water.</li><li><strong>Navigational territory</strong>—Your insurance will generally specify where you can go in your boat and still be covered.</li><li><strong>Property damage</strong>—This is for damage your boat inflicts on someone else’s property.</li><li><strong>Hurricane haul-out provisions</strong>—This covers your costs of getting the boat out of harm’s way before a windstorm.&nbsp;</li><li><strong>On-water towing and assistance</strong>—This is for unexpected breakdowns or running aground.</li><li><strong>Fuel spill liability protection</strong>—Should there be an accidental discharge of fuel from your boat, this will cover the costs of a clean-up.</li><li><strong>Personal effects coverage</strong>—This will protect any expensive equipment you have on your boat, such as fishing gear</li><li><strong>Ice and freeze coverage</strong>—Should cold weather damage your boat’s engine and water systems, this will pay the bill.</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\" id=\"mntl-sc-block_1-0-21\">Yacht 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\">Most yacht coverage is broader and more specialized than pleasure boat coverage because larger vessels travel farther and are exposed to greater risks. It also generally costs more, in part because yachts cost more. In terms of a deductible, it is usually determined as a percentage of the insured value. With a 1% deductible, a boat insured for $175,000 would have a $1,750 deductible. Most lenders allow a maximum deductible of 2% of the insured value.</p>\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, yacht insurance coverage does not include wear and tear, gradual deterioration, marine life, marring, denting, scratching, animal damage, osmosis, blistering, electrolysis, manufacturer’s defects, defects in design, and ice and freezing.</p>\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 two main parts of a yacht insurance policy: hull insurance and protection and indemnity (P&amp;I). The first is an all-risk, direct damage coverage that includes an AV for hull coverage, and in the case of a total loss it will be paid out in full. Replacement cost coverage on partial losses is also available. However, sails, canvas, batteries, outboards, and sometimes outdrives are usually subject to depreciation instead.6﻿﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">P&amp;I insurance is the broadest of all liability coverages, and because maritime law is particular, you will need coverages that are designed for those exposures. Long shore and harbor workers’ coverage and Jones Act coverage (for the yacht’s crew) are included and are important because your losses in these areas could run into six figures. P&amp;I will cover any judgements against you and also pay for your defense in admiralty courts.</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\">Personal watercraft 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_1-0-31\">Personal watercraft insurance is for recreational vehicles such as Jet Skis, Sea-Doos, and Yamaha Wave Runners. These surface-skimming craft can have engines with horsepower anywhere from 60 mph to 310 mph. They usually are not covered by homeowners insurance, and even when they are, the coverage limits 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_1-0-33\">Personal watercraft insurance covers the owner and anyone they allow to use the craft for risks such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-35\" class=\"has-black-color has-text-color has-large-font-size\"><li>Bodily injury to another person</li><li>Bodily injury to you that is caused by an uninsured watercraft operator</li><li>Liability in the form of legal costs if you’re sued due to an accident (which can include water sports liability for things such as water skiing risks)</li><li>Property damage to another watercraft, a boat, or a dock</li><li>Theft</li><li>Towing after an accident</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\">Deductibles and liability limits will vary depending upon the policy and the company offering it. You can buy additional coverage for trailers and accessories and, if you own more than one craft, you may be able to bundle your insurance policies for a discount. These pleasure vehicles are easy to use but can also be dangerous, causing thousands of injuries every year, which makes personal watercraft insurance a wise investment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Important: Watercraft insurance policies may limit the geographic areas in which the boat or watercraft can be operated while maintaining coverage. These often include inland waterways, rivers, and lakes, as well as ocean waters within a certain number of miles from shore.</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\">Do I Need Watercraft 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\">Only a few states make it mandatory for boat owners to obtain watercraft insurance. However, many owners will opt to purchase it regardless, partly because doing so is required in order to obtain a boat loan. Marinas may also require owners to have watercraft insurance as a condition within their rental agreements.</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/terms/w/watercraft-insurance.asp\">click here</a>.</p>\n<!-- /wp:paragraph -->','Watercraft Insurance','','inherit','closed','closed','','1828-revision-v1','','','2023-07-31 02:02:58','2023-07-31 02:02:58','',1828,'http://smartinsurance.tips/?p=3357',0,'revision','',0),(3358,1,'2023-07-31 02:15:57','2023-07-31 02:15:57','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3359,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-31.png\" alt=\"\" class=\"wp-image-3359\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\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\">What Is Wrap-Up 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_1-0-1\">Wrap-up insurance is a liability policy that serves as all-encompassing insurance that protects all contractors and subcontractors working on large projects costing over $10 million. The two types of wrap-up insurance are owner-controlled and contractor-controlled. </p>\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\">Owner-controlled insurance&nbsp;is set up by the owner of a&nbsp;project for the benefit of the builder or contractor to cover all listed contractors.&nbsp;The general contractor, meanwhile, may use a contractor-controlled insurance program&nbsp;to extend coverage to all the contractors and subcontractors signed up on the project.</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>Wrap-up insurance is a liability policy that acts as all-encompassing insurance protecting contractors and subcontractors.</li><li>Owner-controlled insurance is set up by the owner of a project for the benefit of the builder or contractor to cover all listed contractors. </li><li>A contractor-controlled insurance program extends coverage to all the contractors and subcontractors signed up on the project.</li><li>Be aware that wrap-up insurance policies may have explicit exclusions from them.</li><li>Upon completion of the development project, the site owner will want to transition to more individual coverage as needed.</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_1-0-7\">Understanding Wrap-Up 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\">The intent of a wrap-up insurance policy is to provide peace of mind that everyone involved in a project is insured properly. Wrap-up insurance is sweeping blanket coverage that protects the owner, contractors, and subcontractors. Wrap-up insurance is important because it avoids the need for every contractor and subcontractor to obtain their own liability insurance. If there were several policies, there might be gaps in the coverage or insufficient limits. Instead, wrap-up insurance is more effective at making sure that all of the liability risks are covered adequately.</p>\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\">For example, consider an owner-controlled insurance program purchased by the owner on behalf of the builder or contractor. Counting add-ons, the insurance includes workers compensation, general liability, excess liability, pollution liability, professional liability, builder\'s risk, and railroad protective liability. While the cost of wrap-up insurance can be expensive, the cost can be divided among the general contractors and sub-contractors.</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_1-0-12\">Types of Wrap-Up Insurance 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_1-0-13\">Wrap insurance covers a number of risks&nbsp;for you, your project, and your workers. Policies can vary, but may include:</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_1-0-15\"><strong>General Liability with a Broad Form Endorsement</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\" id=\"mntl-sc-block_1-0-16\">This covers all liabilities&nbsp;for a&nbsp;project, including bodily injury coverage&nbsp;against third-party injuries that occur on the site or if those injuries are the result of work-related activities by the contractor, subcontractor, or owner. Also, it protects third-party property against damage&nbsp;caused by anyone covered under the&nbsp;policy.</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_1-0-18\"><strong>Builders Risk </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\" id=\"mntl-sc-block_1-0-19\">Builders risk covers for any water, weather, and fire damages to a building under construction. In other words, builders risk is essentially the same as property insurance except this covers buildings under construction.</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_1-0-21\"><strong>Umbrella Liability </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\" id=\"mntl-sc-block_1-0-22\">Umbrella insurance provides coverage beyond the coverage limit for a general liability policy. For example, let\'s say a general liability policy covers up to $2 million in damages and the umbrella liability policy provides $10 million in coverage. If there was a $8 million dollar claim, the general policy would cover first $2 million while the remaining $6 million from the claim would be covered by the umbrella policy.</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_1-0-24\"><strong>Workers\' Compensation</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\" id=\"mntl-sc-block_1-0-25\">Workers\' compensation provides coverage for workers\' compensation insurance to all of the enrolled contractors or subcontractors on the project.</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_1-0-27\"><strong>Commercial Vehicle</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\" id=\"mntl-sc-block_1-0-28\">Commercial vehicle insurance covers&nbsp;cars, vans, trucks, or specialty vehicles used on the construction project against liability claims and property damage.</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_1-0-30\"><strong>Property Damage</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\" id=\"mntl-sc-block_1-0-31\">This covers property damage of all the parties named on your policy. Also, equipment floaters for specialized equipment and tools can be added as well as inland marine insurance for tools and equipment that has been transported to and from the job site.</p>\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> Wrap-up insurance policies may have specific exclusions; be aware that any of the items mentioned above may be explicitly disallowed from 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=\"mntl-sc-block_1-0-35\">How to Secure Wrap-Up Insurance 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_1-0-36\">There are specific steps that often must be taken in sequential order for wrap-up insurance coverage to be secured. First, the development team must examine the project\'s scope, size, and length to determine whether wrap-up insurance is appropriate. Think about things like the project\'s type, projected costs, schedule for completion, and any potential risks.</p>\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\">To discuss the project and the potential inclusion of a wrap-up insurance program, hold pre-bid meetings with prospective contractors, subcontractors, and insurance providers. This enables stakeholders to know what to expect and what is expected of them right away. This will also flag limitations early in the construction schedule process.</p>\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 project owner often chooses whether to undertake a wrap-up insurance program based on the advice and evaluation given by insurance experts. It is up to the project owner to select an insurance provider or underwriter. The choice is made based on the provider\'s qualifications, standing, financial stability, scope of coverage, and cost.</p>\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_1-0-42\">The terms and conditions of wrap-up insurance may be negotiated, though be mindful that underwritten calculations have often been substantiated and approved by the issuing company. You must also be mindful of specific terms such as coverage limits, the length of the insurance, the precise coverages included, the deductibles, the exclusions, and any further endorsements necessary.</p>\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\">After acquiring the wrap-up insurance policy, inform all contractors and subcontractors participating in the project of the coverage. Make sure they are aware of the policy\'s roles, obligations, and responsibilities. Establish processes for reporting, documenting, and addressing claims as well as ongoing oversight and policy compliance with each impacted party.</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\">Limitations of Wrap-Up 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_1-0-49\">Wrap-up insurance has some restrictions. Wrap-up insurance policies are intricate and call for careful planning and coordinating. They require input from the project owner, general contractors, subcontractors, and insurance firms; therefore, coverage requires substantial collaboration as it can be difficult to coordinate coverage, secure suitable restrictions, and manage the different stakeholders.</p>\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_1-0-51\">Given the size and high value of the projects it covers, wrap-up insurance can be pricey. The premiums, deductibles, and other expenses related to obtaining and managing the insurance, as well as any administrative fees, may be substantial. Due due to complexity and uncertainty with long-term projects, the project budget may need to account for these higher 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\" id=\"mntl-sc-block_1-0-53\">Wrap-up insurance frequently offers protection for particular projects or construction phases but may not cover all facets of a project. A wrap-up policy may not cover some risks such as professional responsibility, design flaws, or pollution liabilities. Project leads must be mindful of these gaps that may call for additional insurance 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\" id=\"mntl-sc-block_1-0-55\">On a related note, wrap-up insurance contracts frequently contain a number of exclusions, limitations, and conditions even in the realms they do cover. For instance, these might restrict coverage for particular types of claims or losses. For example, the Office of General Counsel for New York has set forth restrictions for wrap-up insurance for public development projects.1</p>\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_1-0-57\">Last, wrap-up insurance may not always be easily accessible or reasonably priced, depending on the location and nature of the project. Insurance companies may have special requirements or limits before selling them. In addition, the inherent risk of a specific build may be so large that it is cost prohibit or administratively not feasible for any third-party insurer to agree to take on 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 Difference Between an OCIP and Wrap-Up 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\">OCIP (Owner Controlled Insurance Program) and wrap-up Insurance are both types of insurance policies used in construction projects. The main difference lies in who obtains and controls the insurance coverage. In an OCIP, the project owner purchases and manages the insurance, while with wrap-up coverage, the general contractor or project sponsor obtains and oversees the policy. The coverage provided and the parties covered may vary in each type of 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\">What Is the Primary Benefit of Wrap-Up Insurance 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\">The primary benefit of wrap-up insurance coverage is that it consolidates insurance coverage for all contractors and subcontractors involved in a construction project under a single policy. This streamlines the insurance process, reduces administrative burdens, and can lead to cost savings for project stakeholders.</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 Wrap-Up Exclusion?</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 wrap-up insurance exclusion refers to specific risks or coverages that are explicitly excluded from the coverage provided by a wrap-up insurance policy. These exclusions outline the risks or situations that are not protected under the policy and may require separate insurance arrangements or endorsements to address those excluded risks.</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_1-0-65\">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_1-0-66\">Wrap-up insurance is a comprehensive insurance policy used in construction projects. It provides coverage for all contractors and subcontractors involved in the project under a single policy. It simplifies the insurance process, reduces administrative costs, and offers potentially significant cost savings. The policy typically includes general liability, workers\' compensation, and excess liability coverage for the duration of the project.</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/terms/w/wrap-up-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Wrap-Up Insurance: Definition, 2 Main Types, and Coverage Example','','publish','closed','closed','','wrap-up-insurance-definition-2-main-types-and-coverage-example','','','2023-07-31 02:15:57','2023-07-31 02:15:57','',0,'http://smartinsurance.tips/?p=3358',0,'post','',0),(3359,1,'2023-07-31 02:10:04','2023-07-31 02:10:04','','My-project-1-31','','inherit','closed','closed','','my-project-1-31','','','2023-07-31 02:10:04','2023-07-31 02:10:04','',3358,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-31.png',0,'attachment','image/png',0),(3360,1,'2023-07-31 02:15:57','2023-07-31 02:15:57','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3359,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-31.png\" alt=\"\" class=\"wp-image-3359\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\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\">What Is Wrap-Up 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_1-0-1\">Wrap-up insurance is a liability policy that serves as all-encompassing insurance that protects all contractors and subcontractors working on large projects costing over $10 million. The two types of wrap-up insurance are owner-controlled and contractor-controlled. </p>\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\">Owner-controlled insurance&nbsp;is set up by the owner of a&nbsp;project for the benefit of the builder or contractor to cover all listed contractors.&nbsp;The general contractor, meanwhile, may use a contractor-controlled insurance program&nbsp;to extend coverage to all the contractors and subcontractors signed up on the project.</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>Wrap-up insurance is a liability policy that acts as all-encompassing insurance protecting contractors and subcontractors.</li><li>Owner-controlled insurance is set up by the owner of a project for the benefit of the builder or contractor to cover all listed contractors. </li><li>A contractor-controlled insurance program extends coverage to all the contractors and subcontractors signed up on the project.</li><li>Be aware that wrap-up insurance policies may have explicit exclusions from them.</li><li>Upon completion of the development project, the site owner will want to transition to more individual coverage as needed.</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_1-0-7\">Understanding Wrap-Up 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\">The intent of a wrap-up insurance policy is to provide peace of mind that everyone involved in a project is insured properly. Wrap-up insurance is sweeping blanket coverage that protects the owner, contractors, and subcontractors. Wrap-up insurance is important because it avoids the need for every contractor and subcontractor to obtain their own liability insurance. If there were several policies, there might be gaps in the coverage or insufficient limits. Instead, wrap-up insurance is more effective at making sure that all of the liability risks are covered adequately.</p>\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\">For example, consider an owner-controlled insurance program purchased by the owner on behalf of the builder or contractor. Counting add-ons, the insurance includes workers compensation, general liability, excess liability, pollution liability, professional liability, builder\'s risk, and railroad protective liability. While the cost of wrap-up insurance can be expensive, the cost can be divided among the general contractors and sub-contractors.</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_1-0-12\">Types of Wrap-Up Insurance 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_1-0-13\">Wrap insurance covers a number of risks&nbsp;for you, your project, and your workers. Policies can vary, but may include:</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_1-0-15\"><strong>General Liability with a Broad Form Endorsement</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\" id=\"mntl-sc-block_1-0-16\">This covers all liabilities&nbsp;for a&nbsp;project, including bodily injury coverage&nbsp;against third-party injuries that occur on the site or if those injuries are the result of work-related activities by the contractor, subcontractor, or owner. Also, it protects third-party property against damage&nbsp;caused by anyone covered under the&nbsp;policy.</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_1-0-18\"><strong>Builders Risk </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\" id=\"mntl-sc-block_1-0-19\">Builders risk covers for any water, weather, and fire damages to a building under construction. In other words, builders risk is essentially the same as property insurance except this covers buildings under construction.</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_1-0-21\"><strong>Umbrella Liability </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\" id=\"mntl-sc-block_1-0-22\">Umbrella insurance provides coverage beyond the coverage limit for a general liability policy. For example, let\'s say a general liability policy covers up to $2 million in damages and the umbrella liability policy provides $10 million in coverage. If there was a $8 million dollar claim, the general policy would cover first $2 million while the remaining $6 million from the claim would be covered by the umbrella policy.</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_1-0-24\"><strong>Workers\' Compensation</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\" id=\"mntl-sc-block_1-0-25\">Workers\' compensation provides coverage for workers\' compensation insurance to all of the enrolled contractors or subcontractors on the project.</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_1-0-27\"><strong>Commercial Vehicle</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\" id=\"mntl-sc-block_1-0-28\">Commercial vehicle insurance covers&nbsp;cars, vans, trucks, or specialty vehicles used on the construction project against liability claims and property damage.</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_1-0-30\"><strong>Property Damage</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\" id=\"mntl-sc-block_1-0-31\">This covers property damage of all the parties named on your policy. Also, equipment floaters for specialized equipment and tools can be added as well as inland marine insurance for tools and equipment that has been transported to and from the job site.</p>\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> Wrap-up insurance policies may have specific exclusions; be aware that any of the items mentioned above may be explicitly disallowed from 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=\"mntl-sc-block_1-0-35\">How to Secure Wrap-Up Insurance 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_1-0-36\">There are specific steps that often must be taken in sequential order for wrap-up insurance coverage to be secured. First, the development team must examine the project\'s scope, size, and length to determine whether wrap-up insurance is appropriate. Think about things like the project\'s type, projected costs, schedule for completion, and any potential risks.</p>\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\">To discuss the project and the potential inclusion of a wrap-up insurance program, hold pre-bid meetings with prospective contractors, subcontractors, and insurance providers. This enables stakeholders to know what to expect and what is expected of them right away. This will also flag limitations early in the construction schedule process.</p>\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 project owner often chooses whether to undertake a wrap-up insurance program based on the advice and evaluation given by insurance experts. It is up to the project owner to select an insurance provider or underwriter. The choice is made based on the provider\'s qualifications, standing, financial stability, scope of coverage, and cost.</p>\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_1-0-42\">The terms and conditions of wrap-up insurance may be negotiated, though be mindful that underwritten calculations have often been substantiated and approved by the issuing company. You must also be mindful of specific terms such as coverage limits, the length of the insurance, the precise coverages included, the deductibles, the exclusions, and any further endorsements necessary.</p>\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\">After acquiring the wrap-up insurance policy, inform all contractors and subcontractors participating in the project of the coverage. Make sure they are aware of the policy\'s roles, obligations, and responsibilities. Establish processes for reporting, documenting, and addressing claims as well as ongoing oversight and policy compliance with each impacted party.</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\">Limitations of Wrap-Up 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_1-0-49\">Wrap-up insurance has some restrictions. Wrap-up insurance policies are intricate and call for careful planning and coordinating. They require input from the project owner, general contractors, subcontractors, and insurance firms; therefore, coverage requires substantial collaboration as it can be difficult to coordinate coverage, secure suitable restrictions, and manage the different stakeholders.</p>\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_1-0-51\">Given the size and high value of the projects it covers, wrap-up insurance can be pricey. The premiums, deductibles, and other expenses related to obtaining and managing the insurance, as well as any administrative fees, may be substantial. Due due to complexity and uncertainty with long-term projects, the project budget may need to account for these higher 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\" id=\"mntl-sc-block_1-0-53\">Wrap-up insurance frequently offers protection for particular projects or construction phases but may not cover all facets of a project. A wrap-up policy may not cover some risks such as professional responsibility, design flaws, or pollution liabilities. Project leads must be mindful of these gaps that may call for additional insurance 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\" id=\"mntl-sc-block_1-0-55\">On a related note, wrap-up insurance contracts frequently contain a number of exclusions, limitations, and conditions even in the realms they do cover. For instance, these might restrict coverage for particular types of claims or losses. For example, the Office of General Counsel for New York has set forth restrictions for wrap-up insurance for public development projects.1</p>\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_1-0-57\">Last, wrap-up insurance may not always be easily accessible or reasonably priced, depending on the location and nature of the project. Insurance companies may have special requirements or limits before selling them. In addition, the inherent risk of a specific build may be so large that it is cost prohibit or administratively not feasible for any third-party insurer to agree to take on 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 Difference Between an OCIP and Wrap-Up 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\">OCIP (Owner Controlled Insurance Program) and wrap-up Insurance are both types of insurance policies used in construction projects. The main difference lies in who obtains and controls the insurance coverage. In an OCIP, the project owner purchases and manages the insurance, while with wrap-up coverage, the general contractor or project sponsor obtains and oversees the policy. The coverage provided and the parties covered may vary in each type of 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\">What Is the Primary Benefit of Wrap-Up Insurance 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\">The primary benefit of wrap-up insurance coverage is that it consolidates insurance coverage for all contractors and subcontractors involved in a construction project under a single policy. This streamlines the insurance process, reduces administrative burdens, and can lead to cost savings for project stakeholders.</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 Wrap-Up Exclusion?</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 wrap-up insurance exclusion refers to specific risks or coverages that are explicitly excluded from the coverage provided by a wrap-up insurance policy. These exclusions outline the risks or situations that are not protected under the policy and may require separate insurance arrangements or endorsements to address those excluded risks.</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_1-0-65\">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_1-0-66\">Wrap-up insurance is a comprehensive insurance policy used in construction projects. It provides coverage for all contractors and subcontractors involved in the project under a single policy. It simplifies the insurance process, reduces administrative costs, and offers potentially significant cost savings. The policy typically includes general liability, workers\' compensation, and excess liability coverage for the duration of the project.</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/terms/w/wrap-up-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Wrap-Up Insurance: Definition, 2 Main Types, and Coverage Example','','inherit','closed','closed','','3358-revision-v1','','','2023-07-31 02:15:57','2023-07-31 02:15:57','',3358,'http://smartinsurance.tips/?p=3360',0,'revision','',0),(3394,1,'2023-09-01 05:37:14','2023-09-01 05:37:14','','My-project-1-56','','inherit','closed','closed','','my-project-1-56','','','2023-09-01 05:37:14','2023-09-01 05:37:14','',3393,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-56.png',0,'attachment','image/png',0),(3362,1,'2023-07-31 03:00:00','2023-07-31 03:00:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3363,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-32.png\" alt=\"\" class=\"wp-image-3363\"/></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=\"1\">A classic, custom, collectible or antique car requires insurance that reflects your vehicle’s uniqueness and value. If you own—or are thinking of owning—a special set of wheels, find out about the kind of policy you need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>What types of vehicles need special 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 classic, collectible or antique car is no ordinary car—and regular auto insurance is not sufficient to protect such a vehicle against damage or loss.</p>\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, there is no uniform definition of a classic car. If a car’s value exceeds its original selling price, then it might be considered collectible and a candidate for specialized classic car insurance. In general, vehicles that might warrant classic car auto insurance 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>Antique and classic cars, usually at least 25 to 30 years old</li><li>Hotrods and modified vehicles</li><li>Exotic and luxury autos—think James Bond</li><li>Muscle cars</li><li>Classic trucks</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\">You might also seek specialized insurance for vintage military vehicles, classic motorcycles and antique tractors.</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\"><a></a>Qualifying for classic car 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\">A car\'s age is not enough to qualify for specialized classic car insurance. While requirements differ from company to company, most cars need to meet the following criteria in order to qualify:</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>Limited use</strong>&nbsp;– Your classic car cannot be used for everyday commuting or errands, and your policy may include mileage limitations and proof the car is being properly garaged if you do travel with it. In some cases, insurers may require that you also own a primary car for everyday use.</li><li><strong>Car shows and meetings</strong>&nbsp;– The limited use provision of a classic car policy allows for travel to car shows and auto club meet-ups; however, this coverage may be restricted by some insurers. If this is the case, there are insurers that can provide specialized coverage for car shows and meetings. Before choosing a classic car insurer, it’s worth checking whether they have travel restrictions if you plan to take your car on regular, multi-day, high mileage drives.</li><li><strong>Secure storage</strong>&nbsp;– When not in use, your special vehicle must be stored in a locked, enclosed, private structure, such as a residential garage or storage unit.</li><li><strong>A clean driving record</strong>&nbsp;– You may be disqualified from classic auto insurance if you have serious offenses on your driving record, such as reckless driving, repeat speeding violations or driving while intoxicated.</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\">Not every vehicle, however special, will meet the qualifications of every insurer. For instance, some insurers may not cover vintage off-road vehicles. Insurers may also decline to insure vehicles that are in poor condition or have been previously damaged.</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\"><a></a>What you should know about classic car policies</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\">Your classic car policy will include provisions found in standard auto insurance policies, notably property damage and bodily injury liability coverage. But there are some differences, as well:</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 car\'s value&nbsp;</strong>– Because each car\'s condition is unique, there is no set \"book value\" for specific makes and models. The first step in insuring your classic car is for you and your insurer to reach an agreement on the value of the vehicle. This value will be specified in your policy and your car will be covered up to that value without depreciation.&nbsp;</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\">Note that, unlike everyday vehicles that depreciate over time as you add miles to them, classic cars may&nbsp;<em>gain</em>&nbsp;value. Make sure you adjust your coverage as the value of your auto appreciates.</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>Specialized repair or restoration</strong> – Your policy should you the flexibility to bring your vintage Mercedes, Ferrari or Corvette to a specialist—even if the rates may be twice, or three times, the cost of a typical car repair at a traditional auto body shop.</li><li><strong>Special towing and spare parts </strong>– Coverage for towing is commensurate with the special demands of transporting a classic car. Spare parts coverage, too, needs to be aligned with the cost of replacing valuable and perhaps hard-to-find vehicle components, such as wheels, transmissions, and engine parts.</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.iii.org/article/insuring-your-classic-car\">click here.</a></p>\n<!-- /wp:paragraph -->','Insuring Your Classic Car - Unique vehicles require special auto coverage','','publish','closed','closed','','insuring-your-classic-car-unique-vehicles-require-special-auto-coverage','','','2023-07-31 03:00:00','2023-07-31 03:00:00','',0,'http://smartinsurance.tips/?p=3362',0,'post','',0),(3363,1,'2023-07-31 02:57:39','2023-07-31 02:57:39','','My-project-1-32','','inherit','closed','closed','','my-project-1-32','','','2023-07-31 02:57:39','2023-07-31 02:57:39','',3362,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-32.png',0,'attachment','image/png',0),(3364,1,'2023-07-31 03:00:00','2023-07-31 03:00:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3363,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-32.png\" alt=\"\" class=\"wp-image-3363\"/></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=\"1\">A classic, custom, collectible or antique car requires insurance that reflects your vehicle’s uniqueness and value. If you own—or are thinking of owning—a special set of wheels, find out about the kind of policy you need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>What types of vehicles need special 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 classic, collectible or antique car is no ordinary car—and regular auto insurance is not sufficient to protect such a vehicle against damage or loss.</p>\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, there is no uniform definition of a classic car. If a car’s value exceeds its original selling price, then it might be considered collectible and a candidate for specialized classic car insurance. In general, vehicles that might warrant classic car auto insurance 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>Antique and classic cars, usually at least 25 to 30 years old</li><li>Hotrods and modified vehicles</li><li>Exotic and luxury autos—think James Bond</li><li>Muscle cars</li><li>Classic trucks</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\">You might also seek specialized insurance for vintage military vehicles, classic motorcycles and antique tractors.</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\"><a></a>Qualifying for classic car 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\">A car\'s age is not enough to qualify for specialized classic car insurance. While requirements differ from company to company, most cars need to meet the following criteria in order to qualify:</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>Limited use</strong>&nbsp;– Your classic car cannot be used for everyday commuting or errands, and your policy may include mileage limitations and proof the car is being properly garaged if you do travel with it. In some cases, insurers may require that you also own a primary car for everyday use.</li><li><strong>Car shows and meetings</strong>&nbsp;– The limited use provision of a classic car policy allows for travel to car shows and auto club meet-ups; however, this coverage may be restricted by some insurers. If this is the case, there are insurers that can provide specialized coverage for car shows and meetings. Before choosing a classic car insurer, it’s worth checking whether they have travel restrictions if you plan to take your car on regular, multi-day, high mileage drives.</li><li><strong>Secure storage</strong>&nbsp;– When not in use, your special vehicle must be stored in a locked, enclosed, private structure, such as a residential garage or storage unit.</li><li><strong>A clean driving record</strong>&nbsp;– You may be disqualified from classic auto insurance if you have serious offenses on your driving record, such as reckless driving, repeat speeding violations or driving while intoxicated.</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\">Not every vehicle, however special, will meet the qualifications of every insurer. For instance, some insurers may not cover vintage off-road vehicles. Insurers may also decline to insure vehicles that are in poor condition or have been previously damaged.</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\"><a></a>What you should know about classic car policies</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\">Your classic car policy will include provisions found in standard auto insurance policies, notably property damage and bodily injury liability coverage. But there are some differences, as well:</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 car\'s value&nbsp;</strong>– Because each car\'s condition is unique, there is no set \"book value\" for specific makes and models. The first step in insuring your classic car is for you and your insurer to reach an agreement on the value of the vehicle. This value will be specified in your policy and your car will be covered up to that value without depreciation.&nbsp;</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\">Note that, unlike everyday vehicles that depreciate over time as you add miles to them, classic cars may&nbsp;<em>gain</em>&nbsp;value. Make sure you adjust your coverage as the value of your auto appreciates.</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>Specialized repair or restoration</strong> – Your policy should you the flexibility to bring your vintage Mercedes, Ferrari or Corvette to a specialist—even if the rates may be twice, or three times, the cost of a typical car repair at a traditional auto body shop.</li><li><strong>Special towing and spare parts </strong>– Coverage for towing is commensurate with the special demands of transporting a classic car. Spare parts coverage, too, needs to be aligned with the cost of replacing valuable and perhaps hard-to-find vehicle components, such as wheels, transmissions, and engine parts.</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.iii.org/article/insuring-your-classic-car\">click here.</a></p>\n<!-- /wp:paragraph -->','Insuring Your Classic Car - Unique vehicles require special auto coverage','','inherit','closed','closed','','3362-revision-v1','','','2023-07-31 03:00:00','2023-07-31 03:00:00','',3362,'http://smartinsurance.tips/?p=3364',0,'revision','',0),(3365,1,'2023-07-31 03:33:19','2023-07-31 03:33:19','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3366,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-33.png\" alt=\"\" class=\"wp-image-3366\"/></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\">From a driver’s perspective, understanding how car insurance companies set prices can be puzzling. Auto insurance companies use multiple pricing factors to determine your risk, meaning how likely it will be that you’ll file a car insurance claim. The lower your perceived risk, the better your car insurance rates.</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\">Factors That Affect Your Car Insurance Rates</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 insurance companies weigh pricing factors the same. A car insurance quote you get at one company might be significantly cheaper at a different company for the exact same coverage. Here’s the main factors in the pricing formulas:</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>Driving Record</li><li>Credit History</li><li>Coverage Selections</li><li>Deductible Amount</li><li>Car Insurance History</li><li>Car Make and Model</li><li>Age and Driving Experience</li><li>ZIP Code</li><li>Other Non-driving Factors</li></ol>\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=\"1\">Your Driving Record Will Follow 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\">Your driving record includes your history of moving traffic violations and at-fault accidents. It’s one of the biggest factors that determines your car insurance rates. Car insurance companies look at your driving history for the past three to five years, depending on your state. If you have caused a car accident or received traffic tickets, expect to pay more for car 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\">If you have an extensive history of at-fault accidents, traffic violations and/or a DUI/DWI conviction, you might have a tough time finding car insurance. If insurance companies deny you coverage, you may end up with non-standard car insurance, which is for “risky” drivers. Or as a last resort you’ll have to buy car insurance from your state’s assigned risk pool.</p>\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 here’s the good news: No matter what’s on your driving history, you can immediately work to improve it. Practicing safe driving habits and avoiding transgressions like speeding tickets and accidents will pay off. It may take a few years, but the longer you drive without any incidents will result in better car insurance rates.</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=\"2\">Credit Has Traction</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 auto insurance companies make heavy use of credit-based insurance scores when setting rates. They contend that credit predicts the likelihood that you’ll make a claim.</p>\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 use of credit-based insurance scores for car insurance pricing is banned in California, Hawaii, Massachusetts and Michigan.</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=\"3\">Your Coverage Selections</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 coverage you choose will have a major impact on your car insurance prices. But don’t be so focused on cheaper prices that you skimp out on the coverage types that you actually need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, don’t only buy your state’s minimum requirements when you need full coverage car insurance. Not having enough car insurance could be a recipe for financial disaster.</p>\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 coverage types:</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>Liability car insurance:</strong> This is the foundation of your car insurance policy and required in most states. Liability car insurance pays others for injuries and property damage if you cause a car crash. It also pays for a legal defense in case you are sued because of a car accident.</li><li><strong>Uninsured motorist insurance:</strong> This coverage is required in some states and optional in others. Uninsured motorist coverage pays for your own medical expenses if you are hit by someone who doesn’t carry liability insurance or doesn’t have enough.</li><li><strong>Collision and comprehensive coverage:</strong> These are two separate optional coverage types which are often sold together.</li><li><strong>Collision pays for car repair bills if you get into a car accident.</strong> Comprehensive pays for car repair bills for theft, vandalism, collisions with animals, fire, floods, falling objects and hail. If you have a car loan or lease, you’ll likely be required to buy collision and comprehensive insurance.</li><li><strong>Medical expense coverage:</strong> This type varies by state, but generally pays for your medical bills and other expenses (like lost wages) if you are injured in a car accident. In some states, you may be required to buy personal injury protection insurance.</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\">Your car insurance company might offer additional options such as:</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>Accident forgiveness:</strong> Some car insurance companies will “forgive” an at-fault car accident. But you typically have to pay extra for accident forgiveness and there may be some limitations, such as one forgiveness per policy every three years.</li><li><strong>Gap insurance:</strong> If you have a car loan, gap insurance pays the “gap” between what you owe on your loan and the vehicle’s actual value if it’s totaled in an accident covered by your policy.</li><li><strong>Rental reimbursement insurance:</strong> This pays for a rental car or substitute transportation (such as train or bus fare) if your car is in the shop for a problem covered by your policy, like a car accident. Rental reimbursement coverage is optional.</li><li><strong>Roadside assistance insurance:</strong> If your car is disabled, roadside assistance insurance pays for services like towing, battery jump-start, locksmiths and flat tire repair.</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=\"4\">Car Insurance 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\">Your deductible amount will also factor into your pricing. The deductible is what you pay out-of-pocket if you file a claim for car repair bills. You can typically choose deductible amounts that range from $250 to $2,500. The higher the deductible, the less you’ll pay in insurance premiums.</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=\"5\">Your Car Insurance History</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 are a new driver and this is your first car insurance policy, you can expect to pay a higher rate. That’s because car insurance companies won’t have much information to evaluate your risk.</p>\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 “coverage gap” can also cause higher rates when you buy auto insurance. This is a period of time when you don’t have car insurance. For example, if your car insurance company canceled you for non-payment or you were between cars and didn’t have auto insurance. Insurers see the coverage gap as a higher risk, which often translates to higher insurance premiums.</p>\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 don’t have car insurance but want to avoid a coverage gap (for example, if you are between cars), non-owner car insurance is a good option to maintain continuous car 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=\"6\">The Type of Car You Drive</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 type of car you drive also plays a significant role in setting your car insurance rates. They’ll look at past claims from similar models and evaluate repair costs, theft rates and payments made for comprehensive claims.</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=\"7\">Age and Driving Experience</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\">Young and inexperienced drivers will pay higher car insurance rates because they pose a higher risk for car accidents. For example, drivers between the ages 16 and 19 are three times more likely to be involved in a fatal crash than drivers over the age of 20, according to the Insurance Institute for Highway Safety.</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=\"8\">Your ZIP Code</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\">Pricing factors driven by location include weather claims (such as hail), accidents and car theft. Drivers who live in metropolitan areas tend to pay more for coverage than those who live in suburbia due to higher rates of theft, vandalism and car accidents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Other location-related factors include the cost of medical care, car repair costs and the frequency of auto accident lawsuits.</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=\"9\">Other Car Insurance Pricing Factors</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\">Car insurance companies often look at several non-driving factors when setting their rates, such as:</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>Home ownership</li><li>Marital status</li><li>Education</li><li>Occupation</li><li>Gender</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\">Some consumer advocacy groups have raised concerns that these non-driving factors are inherently discriminatory. In late 2020, insurance regulators pledged to address racism and discrimination within the insurance industry.</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 Save Money on 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\">Here are some ways to cut your auto insurance costs:</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>Lower your deductible.</strong> You can save money by choosing a higher deductible. If you are a safe driver who avoids accidents, it’s not a bad idea to bet on yourself. Just be sure you can afford to pay your deductible amount out-of-pocket if you need to file a car insurance claim.</li><li><strong>Take a defensive driving course.</strong> A state-approved defensive driving course can benefit you in two ways. First, in some states it can help reduce any points you may have accumulated on your driving record for traffic citations, which can land you cheaper rates. Second, many insurance companies offer discounts to drivers who have completed a driving course, especially drivers age 55 and older.</li><li><strong>Ask for discounts.</strong> You might be eligible for car insurance discounts such as safe driver discounts, good student discounts, pay-in-full discounts, car safety feature discounts and multi-policy discounts. Ask your auto insurance agent for a review of potential discounts.</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.forbes.com/advisor/car-insurance/factors-in-rates/\">click here.</a></p>\n<!-- /wp:paragraph -->','9 Key Factors That Affect Car Insurance Rates','','publish','closed','closed','','9-key-factors-that-affect-car-insurance-rates','','','2023-07-31 03:33:19','2023-07-31 03:33:19','',0,'http://smartinsurance.tips/?p=3365',0,'post','',0),(3366,1,'2023-07-31 03:16:29','2023-07-31 03:16:29','','My-project-1-33','','inherit','closed','closed','','my-project-1-33','','','2023-07-31 03:16:29','2023-07-31 03:16:29','',3365,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-33.png',0,'attachment','image/png',0),(3367,1,'2023-07-31 03:33:19','2023-07-31 03:33:19','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3366,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-33.png\" alt=\"\" class=\"wp-image-3366\"/></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\">From a driver’s perspective, understanding how car insurance companies set prices can be puzzling. Auto insurance companies use multiple pricing factors to determine your risk, meaning how likely it will be that you’ll file a car insurance claim. The lower your perceived risk, the better your car insurance rates.</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\">Factors That Affect Your Car Insurance Rates</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 insurance companies weigh pricing factors the same. A car insurance quote you get at one company might be significantly cheaper at a different company for the exact same coverage. Here’s the main factors in the pricing formulas:</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>Driving Record</li><li>Credit History</li><li>Coverage Selections</li><li>Deductible Amount</li><li>Car Insurance History</li><li>Car Make and Model</li><li>Age and Driving Experience</li><li>ZIP Code</li><li>Other Non-driving Factors</li></ol>\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=\"1\">Your Driving Record Will Follow 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\">Your driving record includes your history of moving traffic violations and at-fault accidents. It’s one of the biggest factors that determines your car insurance rates. Car insurance companies look at your driving history for the past three to five years, depending on your state. If you have caused a car accident or received traffic tickets, expect to pay more for car 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\">If you have an extensive history of at-fault accidents, traffic violations and/or a DUI/DWI conviction, you might have a tough time finding car insurance. If insurance companies deny you coverage, you may end up with non-standard car insurance, which is for “risky” drivers. Or as a last resort you’ll have to buy car insurance from your state’s assigned risk pool.</p>\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 here’s the good news: No matter what’s on your driving history, you can immediately work to improve it. Practicing safe driving habits and avoiding transgressions like speeding tickets and accidents will pay off. It may take a few years, but the longer you drive without any incidents will result in better car insurance rates.</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=\"2\">Credit Has Traction</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 auto insurance companies make heavy use of credit-based insurance scores when setting rates. They contend that credit predicts the likelihood that you’ll make a claim.</p>\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 use of credit-based insurance scores for car insurance pricing is banned in California, Hawaii, Massachusetts and Michigan.</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=\"3\">Your Coverage Selections</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 coverage you choose will have a major impact on your car insurance prices. But don’t be so focused on cheaper prices that you skimp out on the coverage types that you actually need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, don’t only buy your state’s minimum requirements when you need full coverage car insurance. Not having enough car insurance could be a recipe for financial disaster.</p>\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 coverage types:</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>Liability car insurance:</strong> This is the foundation of your car insurance policy and required in most states. Liability car insurance pays others for injuries and property damage if you cause a car crash. It also pays for a legal defense in case you are sued because of a car accident.</li><li><strong>Uninsured motorist insurance:</strong> This coverage is required in some states and optional in others. Uninsured motorist coverage pays for your own medical expenses if you are hit by someone who doesn’t carry liability insurance or doesn’t have enough.</li><li><strong>Collision and comprehensive coverage:</strong> These are two separate optional coverage types which are often sold together.</li><li><strong>Collision pays for car repair bills if you get into a car accident.</strong> Comprehensive pays for car repair bills for theft, vandalism, collisions with animals, fire, floods, falling objects and hail. If you have a car loan or lease, you’ll likely be required to buy collision and comprehensive insurance.</li><li><strong>Medical expense coverage:</strong> This type varies by state, but generally pays for your medical bills and other expenses (like lost wages) if you are injured in a car accident. In some states, you may be required to buy personal injury protection insurance.</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\">Your car insurance company might offer additional options such as:</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>Accident forgiveness:</strong> Some car insurance companies will “forgive” an at-fault car accident. But you typically have to pay extra for accident forgiveness and there may be some limitations, such as one forgiveness per policy every three years.</li><li><strong>Gap insurance:</strong> If you have a car loan, gap insurance pays the “gap” between what you owe on your loan and the vehicle’s actual value if it’s totaled in an accident covered by your policy.</li><li><strong>Rental reimbursement insurance:</strong> This pays for a rental car or substitute transportation (such as train or bus fare) if your car is in the shop for a problem covered by your policy, like a car accident. Rental reimbursement coverage is optional.</li><li><strong>Roadside assistance insurance:</strong> If your car is disabled, roadside assistance insurance pays for services like towing, battery jump-start, locksmiths and flat tire repair.</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=\"4\">Car Insurance 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\">Your deductible amount will also factor into your pricing. The deductible is what you pay out-of-pocket if you file a claim for car repair bills. You can typically choose deductible amounts that range from $250 to $2,500. The higher the deductible, the less you’ll pay in insurance premiums.</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=\"5\">Your Car Insurance History</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 are a new driver and this is your first car insurance policy, you can expect to pay a higher rate. That’s because car insurance companies won’t have much information to evaluate your risk.</p>\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 “coverage gap” can also cause higher rates when you buy auto insurance. This is a period of time when you don’t have car insurance. For example, if your car insurance company canceled you for non-payment or you were between cars and didn’t have auto insurance. Insurers see the coverage gap as a higher risk, which often translates to higher insurance premiums.</p>\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 don’t have car insurance but want to avoid a coverage gap (for example, if you are between cars), non-owner car insurance is a good option to maintain continuous car 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=\"6\">The Type of Car You Drive</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 type of car you drive also plays a significant role in setting your car insurance rates. They’ll look at past claims from similar models and evaluate repair costs, theft rates and payments made for comprehensive claims.</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=\"7\">Age and Driving Experience</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\">Young and inexperienced drivers will pay higher car insurance rates because they pose a higher risk for car accidents. For example, drivers between the ages 16 and 19 are three times more likely to be involved in a fatal crash than drivers over the age of 20, according to the Insurance Institute for Highway Safety.</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=\"8\">Your ZIP Code</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\">Pricing factors driven by location include weather claims (such as hail), accidents and car theft. Drivers who live in metropolitan areas tend to pay more for coverage than those who live in suburbia due to higher rates of theft, vandalism and car accidents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Other location-related factors include the cost of medical care, car repair costs and the frequency of auto accident lawsuits.</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=\"9\">Other Car Insurance Pricing Factors</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\">Car insurance companies often look at several non-driving factors when setting their rates, such as:</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>Home ownership</li><li>Marital status</li><li>Education</li><li>Occupation</li><li>Gender</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\">Some consumer advocacy groups have raised concerns that these non-driving factors are inherently discriminatory. In late 2020, insurance regulators pledged to address racism and discrimination within the insurance industry.</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 Save Money on 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\">Here are some ways to cut your auto insurance costs:</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>Lower your deductible.</strong> You can save money by choosing a higher deductible. If you are a safe driver who avoids accidents, it’s not a bad idea to bet on yourself. Just be sure you can afford to pay your deductible amount out-of-pocket if you need to file a car insurance claim.</li><li><strong>Take a defensive driving course.</strong> A state-approved defensive driving course can benefit you in two ways. First, in some states it can help reduce any points you may have accumulated on your driving record for traffic citations, which can land you cheaper rates. Second, many insurance companies offer discounts to drivers who have completed a driving course, especially drivers age 55 and older.</li><li><strong>Ask for discounts.</strong> You might be eligible for car insurance discounts such as safe driver discounts, good student discounts, pay-in-full discounts, car safety feature discounts and multi-policy discounts. Ask your auto insurance agent for a review of potential discounts.</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.forbes.com/advisor/car-insurance/factors-in-rates/\">click here.</a></p>\n<!-- /wp:paragraph -->','9 Key Factors That Affect Car Insurance Rates','','inherit','closed','closed','','3365-revision-v1','','','2023-07-31 03:33:19','2023-07-31 03:33:19','',3365,'http://smartinsurance.tips/?p=3367',0,'revision','',0),(3393,1,'2023-09-01 05:57:04','2023-09-01 05:57:04','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3394,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-56-1024x536.png\" alt=\"\" class=\"wp-image-3394\"/></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\">Maybe you’re looking to build an emergency fund, save for a vacation or pay off your student loans quicker. Whatever your financial goals may be, finding different ways to save money each month can 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\">You can try making a small change, like canceling a subscription you’re not using. Or you might make a more consistent change, like actively cutting expenses to put a designated amount of money into savings each month. Read on for more creative ways to 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\"><strong>Key takeaways</strong></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>By making small or large changes to your day-to-day spending habits, you might be able to cut costs and put that extra money toward savings.</li><li>You can identify different ways to save money on monthly expenses with a bit of research and planning.</li><li>Different budgeting techniques might also help you create a plan to track your savings and spending.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<p class=\"has-black-color has-text-color has-extra-large-font-size\">Creative ways to save on food and drinks</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Check out these different ways to reduce your food spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">1. Give meal planning a try</h4>\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 head to the grocery store, come up with a plan for the meals and snacks you want to make for the week. This can help you stick to a plan to avoid impulse buys and overspending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">2. Ditch the takeout&nbsp;</h4>\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 takeout can be convenient, regularly ordering to-go meals can really eat up your budget. Try keeping up on groceries and exploring time-saving recipes to avoid the temptation of placing a spontaneous order at your favorite eatery.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">3. Buy in bulk&nbsp;</h4>\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 be able to save money by buying groceries in bulk. There’s an upfront cost, but depending on the items you purchase, you may be able to save more money over time.&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\">For example, you can buy meat that’s on sale and freeze it to use later. Or stock up on big containers of grains, beans and nuts. To save more money, keep track of pricing and try to buy items when they’ve been marked down.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">4. Pack a lunch instead</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Instead of spending money to eat out at lunchtime, consider packing food from home. Avoiding takeout is even easier if you’re working remotely. You can use leftovers from dinner the night before or prep meals on the weekend for a convenient, grab-and-go lunch that helps you avoid extra spending.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">5. Look for dining specials</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Consider searching for dining specials before eating out. You can look for coupons, check the restaurant for a daily special or—if you’re a parent—find “kids eat free” promotions to keep more cash in your wallet.&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\">Creative savings ideas for monthly expenses</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\">Browse through some of these ways you can save money on recurring monthly expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">6. Compare insurance rates and adjust your policy</h4>\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 be able to save money by adjusting your insurance policies. You can start by comparing rates and plans across insurance carriers. Then, you can begin the process of adjusting your plan or carrier to help you save some money. Keep in mind you’ll also need to cancel your current plan and ensure there are no lapses in coverage.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">7. Cut down on subscriptions</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Subscriptions to entertainment streaming services, meal delivery kits and news platforms can be a convenient way to access the things you like. But month over month, they can cut into your overall budget. And sometimes you might not even realize you’re paying for them. So try carving out some time to manage the subscriptions you’re paying for to see if there are any areas you can cut.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">8. Save on utilities</h4>\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 can be helpful to review the cost of utilities in your home and find ways to cut costs. Here are a few tips from the Department of Energy:</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>Opt for energy-efficient appliances, lightbulbs and electronics.</li><li>Seal air leaks in windows and door frames.&nbsp;</li><li>Turn off your kitchen or bath fans after 20 minutes.</li><li>Lower your water heater’s thermostat to 120 degrees Fahrenheit.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">9. Consider your credit card use</h4>\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 using a credit card to make purchases, you can avoid credit card interest on new purchases by paying off your balance each month. You can also cut costs by finding ways to avoid some of the common credit card 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\">You may consider a cash back credit card for everyday expenses, too. A cash back card may not help you save money directly, but it could offer rewards to help offset the cost of things you’re already buying. And some cash back cards provide rewards for certain categories, like groceries or dining. So if you have a specific rewards goal in mind, you could compare credit cards to find the best option for your financial 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\">But applying for a new credit card may affect your credit score temporarily. So it may be a good idea to space out credit applications and consider checking whether you’re preapproved before applying.</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\">Budgeting strategies to help you save 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\">Here are some budgeting techniques you can use as part of a savings strategy.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">10. Avoid impulse buys</h4>\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 the occasional unexpected purchase is normal, making impulse buying a habit can add up over time. You can save money and avoid buyer’s remorse by trying a few of these strategies:</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>Stick to a budget.</li><li>Delay gratification—or wait a period of time before purchasing an item you’re interested in.</li><li>Unsubscribe from tempting promotional emails.</li><li>Make a shopping plan or list before going to the store.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">11. Consider zero-based budgeting</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Zero-based budgeting accounts for every dollar that you earn in a set period of time—typically on a monthly basis. This means all of your monthly expenses, debt payments and savings contributions, subtracted from your income, should equal zero at the end of a given period. </p>\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 create a zero-based budget by adding up all of your sources of income. Then, categorize your monthly spending based on fixed vs. variable expenses and savings contributions. From there, allocate every dollar from your income toward a category until you hit a zero balance.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">12. Pay yourself first</h4>\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 yourself first works by setting aside money toward your savings goals from each paycheck—before paying other expenses. The 50/20/30 budgeting approach—which entails allocating 50% of your income toward needs, 20% toward savings and 30% toward wants—can also be considered a pay-yourself-first type of budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">13. Try out digital money-saving options</h4>\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 different budgeting platforms at your fingertips can help you set a budget and stick to it. There are a wide variety of platforms available to help you save money, depending on your preferences, financial goals and price point. Here are a few offerings from Capital One:</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>Budget with a card. </strong>You can use your Capital One credit card to further your budgeting goals by setting up account alerts, auto-pay and creating spending limits. Check out 7 tips to budget with a credit card for more information.  </li><li><strong>Capital One Mobile app.</strong> You can use some of the Capital One Mobile app tools, like monitoring upcoming bills and subscription charges and blocking recurring charges, to better manage your finances. </li><li><strong>Eno, your Capital One assistant. </strong>Eno is an intelligent assistant that makes account management easier so you can spend more time doing the things you love. </li><li><strong>CreditWise from Capital One. </strong>CreditWise is a digital tool that can help you monitor your credit health, understand your credit score and keep up with changes to your credit reports. It’s free, and using it won’t hurt your credit.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">14. Set up automatic transfers to a savings account</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Make saving money a routine by scheduling automatic transfers to your savings account. You can choose a small amount of money to start with and then increase it to bulk up the funds in your account. Plus, Capital One customers may be able to get paid sooner by setting up direct deposit.  </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 creative ways to save 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\">Here are a few other ways you can cut costs to further your savings goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">15. Reevaluate your gym membership&nbsp;</h4>\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 prioritize your fitness goals without sacrificing your budget. If you already have a gym membership, see if there’s a lower rate that’s being offered that you can take advantage of. You can also check if your employer or insurance will offset some or all of your gym membership cost.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">16. Look for free events</h4>\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 save money by looking for free entertainment and recreational activities. Consider a free outdoor activity like hiking or going to a park. Or check out a local festival or parade to pass the time without breaking the bank. If you want to stay inside, check to see if any local museums offer low-cost entrance fees or free hours or days.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">17. Remember your local library</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Don’t forget about the resources your local library may offer before purchasing things of your own.&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\">In addition to books, some libraries offer movies and game rentals, as well as events you can attend for free or at a low cost.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">18. Learn to DIY</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Maybe you can forgo the nail salon and learn how to do an at-home manicure. Or maybe you can make homemade treats to give as gifts instead of purchasing expensive presents. Get creative and think of ways you can DIY to keep more cash in your wallet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">19. Keep the change</h4>\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 paying for something in cash, set aside any loose change in a separate jar and keep it for a rainy day. Over time, this spare change can add up, and you can put it back into your savings account or use it toward a larger purchase.</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\">Creative savings ideas in a nutshell</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\">Putting away extra cash each month can add up over time to help you reach your savings goals. And you don’t necessarily have to make large changes to your spending habits to save money.</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.capitalone.com/learn-grow/money-management/creative-savings-ideas/\">click here.</a></p>\n<!-- /wp:paragraph -->','19 Creative Ways to Save Money','','publish','closed','closed','','19-creative-ways-to-save-money','','','2023-09-01 05:57:04','2023-09-01 05:57:04','',0,'http://smartinsurance.tips/?p=3393',0,'post','',0),(3369,1,'2023-07-31 04:51:50','2023-07-31 04:51:50','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3370,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-34.png\" alt=\"\" class=\"wp-image-3370\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\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\">What Is Commercial General Liability (CGL)?</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_1-0-1\">Commercial general liability (CGL) is a type of insurance policy that provides coverage to a business for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises. Commercial general liability is considered comprehensive business insurance, though it does not cover all risks a business may face.</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>Commercial general liability (CGL) insurance is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’s operations or products, or on its premises.&nbsp;</li><li>There are two types of CGL policies: a claims-made policy that covers claims regardless of when the event took place, and an occurrence policy where the event must take place during a set period.&nbsp;</li><li>Companies can add other companies or individuals they contract with to their commercial liability insurance policy as an “additional insured.”</li><li>Commercial general liability policies may cover the cost of any accidental damages as a result of the business\' operations or the legal costs of defending a suit.</li><li>Commercial general liability does not provide protection against intentional damages, or any type of accident involving automobiles, aircraft, or watercraft.</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_1-0-5\">Understanding Commercial General Liability (CGL)</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_1-0-6\">Commercial general liability policies have different levels of coverage. A policy may include premises coverage, which protects the business from claims that occur on the business’s physical location during regular business operations. It may also include coverage for bodily injury and property damage that is the result of a finished product or service done at another location.</p>\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_1-0-8\">Commercial insurance companies also sell excess liability coverage, which can be purchased in order to cover claims that exceed the limit of the CGL policy. Some commercial general liability policies may have exclusions that restrict what actions are covered. For example, a policy may not cover the costs associated with a product recall.</p>\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\">When purchasing commercial general liability insurance, it is important for the business to differentiate between a claims-made policy and an occurrence policy. A claims-made policy provides coverage for whenever a claim is made, regardless of when the claim event happened. An occurrence policy is different in that it covers claims where the claim event occurred during the time of the policy even if the policy is now expired.</p>\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 addition to commercial general liability policies, businesses may also purchase policies that provide coverage for other business risks. For example, the business may purchase employment practices liability coverage to protect itself from claims associated with sexual harassment, wrongful termination, and discrimination.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Insurance Information Institute. \"What Is Employment Practices Liability Insurance?\" It may also purchase insurance to cover errors and omissions made in financial reporting statements, as well as coverage for damages, resulting from the actions of its directors and officers.</p>\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>Warning:</strong> A typical commercial general insurance policy covers accidental damage or injuries but does not cover injuries that are intentional or could be expected to happen.</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_1-0-16\">Special Considerations&nbsp;</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_1-0-17\">Depending on its business needs, a company may need to name other companies or persons as \"additional insured\" under their commercial liability insurance policy. This is common when businesses enter into a contract with another entity.</p>\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_1-0-19\">For example, if an automobile repair garage enters into a contract with ABC Co. to provide cleaning services for their facility, ABC Co. may require the garage owners to add ABC Co. as \"additional insured\" on their commercial general liability 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=\"mntl-sc-block_1-0-21\">Example of Commercial General Liability</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_1-0-22\">Some examples that would require CGL include the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-24\" class=\"has-black-color has-text-color has-large-font-size\"><li>A customer enters a place of business where the floors have recently been cleaned and polished, and as a result, are very slippery. The customer slips on the floor and breaks a leg.</li><li>One of the employees of an electrical company visits a home for an electrical wiring job and accidentally causes a fire in the customer\'s home.</li><li>An advertisement placed by the business results in an individual claiming libel or slander.</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_1-0-26\">In each of these cases, a commercial general liability policy might cover the cost of hiring lawyers to defend the company or the cost of settling the claims. If a business has frequent claims against its CGL insurance, the insurer might raise the premium costs of the 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\">What Damages Does CGL Insurance Cover?</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\">Commercial general liability insurance covers injuries to a person or property damage that occurs on the premises of a business. This type of policy can also protect a business from claims of slander, libel, or advertising injury.</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 Commercial General Liability 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\">Naturally, the cost of commercial general liability Insurance will depend on the size of the business being insured, the riskiness of its business operations, and the amount of coverage needed. Some insurers say that their clients pay between $300 and $600 for a million dollars of insurance coverage. Others say their clients may pay as much as $1,000.</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\">What Is Not Covered Under Commercial General Liability 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\">Most CGL policies do not cover intentional or expected damage by the insured. They also do not cover damages due to intoxication (in alcohol-related businesses), pollution, automobiles or other vehicles, damage to a business\' work, or additional liabilities that the insured might take on. A business that is involved in these types of risks should purchase additional insurance in order to be fully covered.</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\">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_1-0-35\">You can protect your business from a variety of risks, including the risk of a lawsuit arising from everyday business activities, with the purchase of a commercial general liability policy. CGL policies cover claims of property damage, personal injury (such as libel or slander), bodily injury, and advertising injury. This coverage will help you pay attorney fees or settlement costs in the event of a lawsuit, and you can augment your coverage with extensions that cover errors and omissions, excess liability, or employment practices liability.</p>\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\">You can\'t predict what will happen in the future, but you can cover your business and reduce your risk with a CGL policy.</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/terms/c/commercial-general-liability-cgl.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Does Commercial General Liability (CGL) Insurance Cover?','','publish','closed','closed','','what-does-commercial-general-liability-cgl-insurance-cover','','','2023-07-31 04:51:50','2023-07-31 04:51:50','',0,'http://smartinsurance.tips/?p=3369',0,'post','',0),(3370,1,'2023-07-31 04:47:14','2023-07-31 04:47:14','','My-project-1-34','','inherit','closed','closed','','my-project-1-34','','','2023-07-31 04:47:14','2023-07-31 04:47:14','',3369,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-34.png',0,'attachment','image/png',0),(3371,1,'2023-07-31 04:51:50','2023-07-31 04:51:50','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3370,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-34.png\" alt=\"\" class=\"wp-image-3370\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\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\">What Is Commercial General Liability (CGL)?</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_1-0-1\">Commercial general liability (CGL) is a type of insurance policy that provides coverage to a business for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises. Commercial general liability is considered comprehensive business insurance, though it does not cover all risks a business may face.</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>Commercial general liability (CGL) insurance is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’s operations or products, or on its premises.&nbsp;</li><li>There are two types of CGL policies: a claims-made policy that covers claims regardless of when the event took place, and an occurrence policy where the event must take place during a set period.&nbsp;</li><li>Companies can add other companies or individuals they contract with to their commercial liability insurance policy as an “additional insured.”</li><li>Commercial general liability policies may cover the cost of any accidental damages as a result of the business\' operations or the legal costs of defending a suit.</li><li>Commercial general liability does not provide protection against intentional damages, or any type of accident involving automobiles, aircraft, or watercraft.</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_1-0-5\">Understanding Commercial General Liability (CGL)</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_1-0-6\">Commercial general liability policies have different levels of coverage. A policy may include premises coverage, which protects the business from claims that occur on the business’s physical location during regular business operations. It may also include coverage for bodily injury and property damage that is the result of a finished product or service done at another location.</p>\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_1-0-8\">Commercial insurance companies also sell excess liability coverage, which can be purchased in order to cover claims that exceed the limit of the CGL policy. Some commercial general liability policies may have exclusions that restrict what actions are covered. For example, a policy may not cover the costs associated with a product recall.</p>\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\">When purchasing commercial general liability insurance, it is important for the business to differentiate between a claims-made policy and an occurrence policy. A claims-made policy provides coverage for whenever a claim is made, regardless of when the claim event happened. An occurrence policy is different in that it covers claims where the claim event occurred during the time of the policy even if the policy is now expired.</p>\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 addition to commercial general liability policies, businesses may also purchase policies that provide coverage for other business risks. For example, the business may purchase employment practices liability coverage to protect itself from claims associated with sexual harassment, wrongful termination, and discrimination.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Insurance Information Institute. \"What Is Employment Practices Liability Insurance?\" It may also purchase insurance to cover errors and omissions made in financial reporting statements, as well as coverage for damages, resulting from the actions of its directors and officers.</p>\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>Warning:</strong> A typical commercial general insurance policy covers accidental damage or injuries but does not cover injuries that are intentional or could be expected to happen.</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_1-0-16\">Special Considerations&nbsp;</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_1-0-17\">Depending on its business needs, a company may need to name other companies or persons as \"additional insured\" under their commercial liability insurance policy. This is common when businesses enter into a contract with another entity.</p>\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_1-0-19\">For example, if an automobile repair garage enters into a contract with ABC Co. to provide cleaning services for their facility, ABC Co. may require the garage owners to add ABC Co. as \"additional insured\" on their commercial general liability 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=\"mntl-sc-block_1-0-21\">Example of Commercial General Liability</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_1-0-22\">Some examples that would require CGL include the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-24\" class=\"has-black-color has-text-color has-large-font-size\"><li>A customer enters a place of business where the floors have recently been cleaned and polished, and as a result, are very slippery. The customer slips on the floor and breaks a leg.</li><li>One of the employees of an electrical company visits a home for an electrical wiring job and accidentally causes a fire in the customer\'s home.</li><li>An advertisement placed by the business results in an individual claiming libel or slander.</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_1-0-26\">In each of these cases, a commercial general liability policy might cover the cost of hiring lawyers to defend the company or the cost of settling the claims. If a business has frequent claims against its CGL insurance, the insurer might raise the premium costs of the 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\">What Damages Does CGL Insurance Cover?</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\">Commercial general liability insurance covers injuries to a person or property damage that occurs on the premises of a business. This type of policy can also protect a business from claims of slander, libel, or advertising injury.</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 Commercial General Liability 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\">Naturally, the cost of commercial general liability Insurance will depend on the size of the business being insured, the riskiness of its business operations, and the amount of coverage needed. Some insurers say that their clients pay between $300 and $600 for a million dollars of insurance coverage. Others say their clients may pay as much as $1,000.</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\">What Is Not Covered Under Commercial General Liability 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\">Most CGL policies do not cover intentional or expected damage by the insured. They also do not cover damages due to intoxication (in alcohol-related businesses), pollution, automobiles or other vehicles, damage to a business\' work, or additional liabilities that the insured might take on. A business that is involved in these types of risks should purchase additional insurance in order to be fully covered.</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\">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_1-0-35\">You can protect your business from a variety of risks, including the risk of a lawsuit arising from everyday business activities, with the purchase of a commercial general liability policy. CGL policies cover claims of property damage, personal injury (such as libel or slander), bodily injury, and advertising injury. This coverage will help you pay attorney fees or settlement costs in the event of a lawsuit, and you can augment your coverage with extensions that cover errors and omissions, excess liability, or employment practices liability.</p>\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\">You can\'t predict what will happen in the future, but you can cover your business and reduce your risk with a CGL policy.</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/terms/c/commercial-general-liability-cgl.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Does Commercial General Liability (CGL) Insurance Cover?','','inherit','closed','closed','','3369-revision-v1','','','2023-07-31 04:51:50','2023-07-31 04:51:50','',3369,'http://smartinsurance.tips/?p=3371',0,'revision','',0),(3372,1,'2023-07-31 04:59:17','2023-07-31 04:59:17','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3373,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-35.png\" alt=\"\" class=\"wp-image-3373\"/></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\">There are more than 33 million small businesses in the U.S., and about half of them are home-based, according to the Small Business Administration. This includes all types of businesses like accountants, artists, caterers, cleaning services, dog walkers, freelance writers, personal trainers, translators and tutors.</p>\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 starting a home business is an exciting endeavor, new entrepreneurs may be unaware of the risks involved. You need the right type of home-based business insurance to help protect your business from financial disaster.</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 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\">When you run a company out of your residence or on the property, home-based business insurance can pay out for property damage, injuries related to the business (like a client who takes a fall in your office), employee injuries and lawsuits.</p>\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 some entrepreneurs rely on their homeowners insurance policies, these policies may not be sufficient at all:</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>A standard home insurance policy covers only up to $2,500 of business property. So if you lose more than that in a house fire, for example, your reimbursement is limited to $2,500. For example, if you’re selling clothes in a home-based business and your inventory is destroyed in a fire, you may not have enough coverage under your home insurance policy.</li><li>A home insurance policy usually excludes coverage for “other structures” that are used for business purposes, such as a detached garage where you run the business.</li><li>Standard home insurance has a $500 limit on business property that’s away from the residence premises. So if you’re using an expensive video camera away from home, coverage is limited.</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\">You can get better home-based business insurance from either an endorsement to your homeowners insurance policy or as a separate small business insurance policy. State Farm, for example, offers both types.</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\">Types of Home-Based Businesses That May Need 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\">While you may assume insurance isn’t necessary for your particular business, here are a few examples of businesses that may need home-based business insurance.</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>Accountants and tax preparers</li><li>Web design firms</li><li>Photographers</li><li>Online goods sales</li><li>Caterers and food sales</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 Buy 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\">An endorsement to your home insurance policy will add extra coverage for a small operation out of a home. But larger businesses or professions that need specialized coverage may need a stand-alone business 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\">Add an Endorsement to Your Homeowners Insurance 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\">Homeowners insurance companies typically offer endorsements that you can add to a homeowners policy to get more business-related 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\">With a standard home-based business endorsement, it’s possible to double your standard policy limits for business property from $2,500 to $5,000 for less than $20 annually, according to the Insurance Information Institute. This would be good for a very small business with annual sales of around $5,000 or under.</p>\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 may be able to purchase an endorsement specific to your business needs, such as The Hanover’s Permitted Incidental Occupancies. This coverage can protect the inventory of a home-based business.</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\">Purchase a Standalone Business Insurance 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\">Stand-alone business insurance policies can offer more robust coverage and with higher coverage limits. This type of policy can provide better coverage limits for business equipment and liability over a typical home insurance policy endorsement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, a business owners policy (BOP) combines coverage for business property and liability.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Stand-alone business insurance policies are good for a business that has visitors coming and going. They are also better than a homeowners endorsement if you have a lot of business property to insure.</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\">Types of Home-Based Businesses 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\">If you’re running a home-based business, one of the best ways to get coverage is with a business owners policy (BOP). A BOP bundles together three important coverage types: general liability insurance, commercial property insurance and business interruption insurance. It’s typically cheaper to buy a BOP compared to buying each policy separately and you can add additional coverage types as needed.</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\">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\">A general liability insurance policy covers accidental injuries and property damage your business operations cause to others. For example, if you run a painting company out of your home and accidentally spill paint on your client’s furniture, your general liability would pay to repair or replace the furniture. It also covers your legal fees, judgments and settlements in case you get sued over 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\">General liability insurance also covers other types of problems, such as claims of copyright infringement, reputational harm and advertising injury.</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\">Commercial 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\">Commercial property insurance covers your business property if it is stolen, lost or damaged by a problem covered by your policy, such as a fire. Commercial property insurance is also called “business property 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\">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\">If you are forced to close your business due to a problem covered by your policy (like a fire), business interruption insurance covers expenses such as lost income, payroll and relocation costs if you have to temporarily move to a new location. Business interruption insurance is also known as “business income 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\">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\">If you use a car for work purposes, such as delivering a product or meeting with clients, you’ll need commercial auto insurance. Your personal car insurance policy won’t cover work-related accidents.</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\">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\">Professional liability insurance covers your business from claims of mistakes made during the course of running your business. For example, if you are an accountant and a client claims you provided them with bad advice, your professional liability insurance can cover your legal fees, judgments and settlements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Professional liability insurance is also known as errors and omissions 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\">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\">If one of your employees gets injured or sick due to a work occurrence, workers compensation insurance pays medical bills. Sole proprietors are often exempt from workers comp requirements, but if you have employees make sure you understand your state’s workers comp laws.</p>\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 National Federation of Independent Business has a state-by-state comparison of workers comp laws.</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\">Other Home-Based Business Insurance 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\">Depending on your business type, you may need specialized coverage such as:</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>Commercial umbrella insurance.</strong> Once you reach your liability limit on your business insurance, commercial umbrella insurance kicks in. For example, if you are sued for $1 million but only have $500,000 in business liability coverage, your umbrella policy will kick in to cover the shortfall (up to your umbrella policy’s limit).</li><li><strong>Cyber liability insurance.</strong> If your business is the victim of a cyberattack or data breach, cyber liability insurance covers expenses such as data recovery, investigative services and identity recovery. It also includes legal fees, judgments and settlements.</li><li><strong>Employment practices liability insurance.</strong> This pays for settlements of claims brought against you by employees, such as violation of employee rights or wrongful termination. Employment practices liability insurance also covers your legal defense costs.</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 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\"><strong>A business owners policy costs an average of $57 per month</strong>. That includes general liability insurance, commercial property insurance and business interruption insurance. Your home-based business insurance costs will depend on several factors, including:</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>The type of business</li><li>The types of coverage you buy</li><li>Number of employees</li><li>Business equipment and property</li><li>Location</li><li>Coverage limits and deductibles</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\">Do You 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\">If you’re deciding whether to buy home-based insurance, the Insurance Information Institute recommends asking yourself these questions:</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>What is my home-based business?</li><li>What are the unique risks my business may face?</li><li>How many employees do I have?</li><li>Do clients visit my property to conduct business?</li><li>Does my business require a vehicle?</li><li>Does my company have technology that stores the personal or financial information of clients?</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\">Dick Lavey,&nbsp;president of Agency Markets at The Hanover, says he recommends home-based business insurance even for the simplest business pursuits.</p>\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 business insurance agent can help you work through these questions to determine where your business may be vulnerable, and where home-based insurance business can help.</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/business-insurance/home-based-business-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Home-Based Business Insurance Explained','','publish','closed','closed','','home-based-business-insurance-explained','','','2023-07-31 04:59:17','2023-07-31 04:59:17','',0,'http://smartinsurance.tips/?p=3372',0,'post','',0),(3373,1,'2023-07-31 04:52:55','2023-07-31 04:52:55','','My-project-1-35','','inherit','closed','closed','','my-project-1-35-2','','','2023-07-31 04:52:55','2023-07-31 04:52:55','',3372,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-35.png',0,'attachment','image/png',0),(3374,1,'2023-07-31 04:59:17','2023-07-31 04:59:17','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3373,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-35.png\" alt=\"\" class=\"wp-image-3373\"/></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\">There are more than 33 million small businesses in the U.S., and about half of them are home-based, according to the Small Business Administration. This includes all types of businesses like accountants, artists, caterers, cleaning services, dog walkers, freelance writers, personal trainers, translators and tutors.</p>\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 starting a home business is an exciting endeavor, new entrepreneurs may be unaware of the risks involved. You need the right type of home-based business insurance to help protect your business from financial disaster.</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 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\">When you run a company out of your residence or on the property, home-based business insurance can pay out for property damage, injuries related to the business (like a client who takes a fall in your office), employee injuries and lawsuits.</p>\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 some entrepreneurs rely on their homeowners insurance policies, these policies may not be sufficient at all:</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>A standard home insurance policy covers only up to $2,500 of business property. So if you lose more than that in a house fire, for example, your reimbursement is limited to $2,500. For example, if you’re selling clothes in a home-based business and your inventory is destroyed in a fire, you may not have enough coverage under your home insurance policy.</li><li>A home insurance policy usually excludes coverage for “other structures” that are used for business purposes, such as a detached garage where you run the business.</li><li>Standard home insurance has a $500 limit on business property that’s away from the residence premises. So if you’re using an expensive video camera away from home, coverage is limited.</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\">You can get better home-based business insurance from either an endorsement to your homeowners insurance policy or as a separate small business insurance policy. State Farm, for example, offers both types.</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\">Types of Home-Based Businesses That May Need 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\">While you may assume insurance isn’t necessary for your particular business, here are a few examples of businesses that may need home-based business insurance.</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>Accountants and tax preparers</li><li>Web design firms</li><li>Photographers</li><li>Online goods sales</li><li>Caterers and food sales</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 Buy 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\">An endorsement to your home insurance policy will add extra coverage for a small operation out of a home. But larger businesses or professions that need specialized coverage may need a stand-alone business 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\">Add an Endorsement to Your Homeowners Insurance 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\">Homeowners insurance companies typically offer endorsements that you can add to a homeowners policy to get more business-related 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\">With a standard home-based business endorsement, it’s possible to double your standard policy limits for business property from $2,500 to $5,000 for less than $20 annually, according to the Insurance Information Institute. This would be good for a very small business with annual sales of around $5,000 or under.</p>\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 may be able to purchase an endorsement specific to your business needs, such as The Hanover’s Permitted Incidental Occupancies. This coverage can protect the inventory of a home-based business.</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\">Purchase a Standalone Business Insurance 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\">Stand-alone business insurance policies can offer more robust coverage and with higher coverage limits. This type of policy can provide better coverage limits for business equipment and liability over a typical home insurance policy endorsement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, a business owners policy (BOP) combines coverage for business property and liability.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Stand-alone business insurance policies are good for a business that has visitors coming and going. They are also better than a homeowners endorsement if you have a lot of business property to insure.</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\">Types of Home-Based Businesses 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\">If you’re running a home-based business, one of the best ways to get coverage is with a business owners policy (BOP). A BOP bundles together three important coverage types: general liability insurance, commercial property insurance and business interruption insurance. It’s typically cheaper to buy a BOP compared to buying each policy separately and you can add additional coverage types as needed.</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\">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\">A general liability insurance policy covers accidental injuries and property damage your business operations cause to others. For example, if you run a painting company out of your home and accidentally spill paint on your client’s furniture, your general liability would pay to repair or replace the furniture. It also covers your legal fees, judgments and settlements in case you get sued over 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\">General liability insurance also covers other types of problems, such as claims of copyright infringement, reputational harm and advertising injury.</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\">Commercial 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\">Commercial property insurance covers your business property if it is stolen, lost or damaged by a problem covered by your policy, such as a fire. Commercial property insurance is also called “business property 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\">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\">If you are forced to close your business due to a problem covered by your policy (like a fire), business interruption insurance covers expenses such as lost income, payroll and relocation costs if you have to temporarily move to a new location. Business interruption insurance is also known as “business income 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\">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\">If you use a car for work purposes, such as delivering a product or meeting with clients, you’ll need commercial auto insurance. Your personal car insurance policy won’t cover work-related accidents.</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\">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\">Professional liability insurance covers your business from claims of mistakes made during the course of running your business. For example, if you are an accountant and a client claims you provided them with bad advice, your professional liability insurance can cover your legal fees, judgments and settlements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Professional liability insurance is also known as errors and omissions 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\">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\">If one of your employees gets injured or sick due to a work occurrence, workers compensation insurance pays medical bills. Sole proprietors are often exempt from workers comp requirements, but if you have employees make sure you understand your state’s workers comp laws.</p>\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 National Federation of Independent Business has a state-by-state comparison of workers comp laws.</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\">Other Home-Based Business Insurance 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\">Depending on your business type, you may need specialized coverage such as:</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>Commercial umbrella insurance.</strong> Once you reach your liability limit on your business insurance, commercial umbrella insurance kicks in. For example, if you are sued for $1 million but only have $500,000 in business liability coverage, your umbrella policy will kick in to cover the shortfall (up to your umbrella policy’s limit).</li><li><strong>Cyber liability insurance.</strong> If your business is the victim of a cyberattack or data breach, cyber liability insurance covers expenses such as data recovery, investigative services and identity recovery. It also includes legal fees, judgments and settlements.</li><li><strong>Employment practices liability insurance.</strong> This pays for settlements of claims brought against you by employees, such as violation of employee rights or wrongful termination. Employment practices liability insurance also covers your legal defense costs.</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 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\"><strong>A business owners policy costs an average of $57 per month</strong>. That includes general liability insurance, commercial property insurance and business interruption insurance. Your home-based business insurance costs will depend on several factors, including:</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>The type of business</li><li>The types of coverage you buy</li><li>Number of employees</li><li>Business equipment and property</li><li>Location</li><li>Coverage limits and deductibles</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\">Do You 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\">If you’re deciding whether to buy home-based insurance, the Insurance Information Institute recommends asking yourself these questions:</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>What is my home-based business?</li><li>What are the unique risks my business may face?</li><li>How many employees do I have?</li><li>Do clients visit my property to conduct business?</li><li>Does my business require a vehicle?</li><li>Does my company have technology that stores the personal or financial information of clients?</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\">Dick Lavey,&nbsp;president of Agency Markets at The Hanover, says he recommends home-based business insurance even for the simplest business pursuits.</p>\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 business insurance agent can help you work through these questions to determine where your business may be vulnerable, and where home-based insurance business can help.</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/business-insurance/home-based-business-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Home-Based Business Insurance Explained','','inherit','closed','closed','','3372-revision-v1','','','2023-07-31 04:59:17','2023-07-31 04:59:17','',3372,'http://smartinsurance.tips/?p=3374',0,'revision','',0),(3375,1,'2023-07-31 05:02:46','2023-07-31 05:02:46','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3376,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-36.png\" alt=\"\" class=\"wp-image-3376\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\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\">What Is Garage Liability 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_1-0-1\">Garage liability insurance is specialty insurance targeted to the automotive industry.&nbsp;Automobile dealerships, parking lots or parking garages operators,&nbsp;tow-truck operators, service stations, and&nbsp;customization and repair shops will add garage liability insurance to their business liability coverage. The policy protects property damage&nbsp;and bodily injury resulting from operations.</p>\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\">This insurance is not the same thing as garage-keepers 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=\"mntl-sc-block_1-0-5\">How Garage Liability Insurance Works</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_1-0-6\">​​​​​​​Garage liability insurance is a type of umbrella policy that provides coverage for the day-to-day operations of the businesses in the automotive industry. This insurance will add a layer of protection to the business\' general liability policy. Coverage includes bodily injury and property damage from direct garage operations, not covered under most commercial or business liability 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_1-0-8\">Before buying a policy, the business owner should verify that the garage liability coverage will add to, and not merely replace, their basic business 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\" id=\"mntl-sc-block_1-0-10\">Coverage will include injuries to customers while on the business grounds up to the chosen&nbsp;limits of the policy. Also, most garage insurance will consist of an employee dishonesty provision for theft or vandalism done by an employee of a customer\'s car. For an added premium, any autos used in the conducting of business, such as courtesy vans and parts delivery trucks, may be added. Additional protections can&nbsp;include damages from parts or products sold by the company and coverage for&nbsp;loss from faulty parts installed on a client\'s vehicle.&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_1-0-12\">Garage liability insurance will not cover the tools, building, personal, or business property of the policyholder. It does not provide coverage for vandalism, stolen vehicles, or damage from events such as hail. The policy does not cover accidents or damage to the customer\'s cars on-site for service. Also, all policy basic and additional items will have a listed maximum liability coverage amount and may have aggregate limits by claim or by 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\" id=\"mntl-sc-block_1-0-14\">Commercial general liability (CGL) insurance policies have varying levels of coverage. This insurance may include coverage for the premises, which protects the business from claims on location during regular business operations. It may also include coverage for bodily injury and property damage resulting from finished products.</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_1-0-16\">Garage Liability Is Not Garage-Keeper 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_1-0-17\">Garage-keepers insurance is a separate policy that covers the property damage to a client\'s car while it is in the care of the policyholder. This can include damage during road test drives and while storing the vehicle during non-working hours. The keeper\'s insurance will cover vandalism and theft of a customer\'s car. Businesses with multiple locations require policies for each site.</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\">Other Business Insurance Products</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\">Businesses may purchase coverage for other business risks as well.</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>Employment practices liability insurance covers claims associated with sexual harassment and discrimination.</li><li>Professional liability coverage insures against negligence claims that result from mistakes or failure to perform. </li><li>Property insurance covers equipment, signage, inventory, and furniture in the event of a fire, storm, or theft. However, additional coverage is needed to cover events such as floods or earthquakes. </li><li>Business interruption insurance compensates for lost income during events that prevent normal business operations, such as an extended power outage.</li><li>Workers\' compensation insurance is mandatory for employers to protect employees and to cover an injured employee’s medical care. It also provides lost wages and death benefits to a deceased worker’s immediate family.</li><li>A company may name other companies or individuals as additional insured under its commercial liability insurance policy. For example, if an automobile repair garage enters into a contract with another company to provide car washing services, that company may require the garage owners to add it as additional insured on their garage liability coverage. </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.investopedia.com/terms/g/garage-liability-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Garage Liability Insurance: What it is, How it Works','','publish','closed','closed','','garage-liability-insurance-what-it-is-how-it-works','','','2023-07-31 05:02:46','2023-07-31 05:02:46','',0,'http://smartinsurance.tips/?p=3375',0,'post','',0),(3376,1,'2023-07-31 05:00:24','2023-07-31 05:00:24','','My-project-1-36','','inherit','closed','closed','','my-project-1-36-2','','','2023-07-31 05:00:24','2023-07-31 05:00:24','',3375,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-36.png',0,'attachment','image/png',0),(3377,1,'2023-07-31 05:02:46','2023-07-31 05:02:46','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3376,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-36.png\" alt=\"\" class=\"wp-image-3376\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\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\">What Is Garage Liability 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_1-0-1\">Garage liability insurance is specialty insurance targeted to the automotive industry.&nbsp;Automobile dealerships, parking lots or parking garages operators,&nbsp;tow-truck operators, service stations, and&nbsp;customization and repair shops will add garage liability insurance to their business liability coverage. The policy protects property damage&nbsp;and bodily injury resulting from operations.</p>\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\">This insurance is not the same thing as garage-keepers 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=\"mntl-sc-block_1-0-5\">How Garage Liability Insurance Works</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_1-0-6\">​​​​​​​Garage liability insurance is a type of umbrella policy that provides coverage for the day-to-day operations of the businesses in the automotive industry. This insurance will add a layer of protection to the business\' general liability policy. Coverage includes bodily injury and property damage from direct garage operations, not covered under most commercial or business liability 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_1-0-8\">Before buying a policy, the business owner should verify that the garage liability coverage will add to, and not merely replace, their basic business 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\" id=\"mntl-sc-block_1-0-10\">Coverage will include injuries to customers while on the business grounds up to the chosen&nbsp;limits of the policy. Also, most garage insurance will consist of an employee dishonesty provision for theft or vandalism done by an employee of a customer\'s car. For an added premium, any autos used in the conducting of business, such as courtesy vans and parts delivery trucks, may be added. Additional protections can&nbsp;include damages from parts or products sold by the company and coverage for&nbsp;loss from faulty parts installed on a client\'s vehicle.&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_1-0-12\">Garage liability insurance will not cover the tools, building, personal, or business property of the policyholder. It does not provide coverage for vandalism, stolen vehicles, or damage from events such as hail. The policy does not cover accidents or damage to the customer\'s cars on-site for service. Also, all policy basic and additional items will have a listed maximum liability coverage amount and may have aggregate limits by claim or by 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\" id=\"mntl-sc-block_1-0-14\">Commercial general liability (CGL) insurance policies have varying levels of coverage. This insurance may include coverage for the premises, which protects the business from claims on location during regular business operations. It may also include coverage for bodily injury and property damage resulting from finished products.</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_1-0-16\">Garage Liability Is Not Garage-Keeper 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_1-0-17\">Garage-keepers insurance is a separate policy that covers the property damage to a client\'s car while it is in the care of the policyholder. This can include damage during road test drives and while storing the vehicle during non-working hours. The keeper\'s insurance will cover vandalism and theft of a customer\'s car. Businesses with multiple locations require policies for each site.</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\">Other Business Insurance Products</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\">Businesses may purchase coverage for other business risks as well.</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>Employment practices liability insurance covers claims associated with sexual harassment and discrimination.</li><li>Professional liability coverage insures against negligence claims that result from mistakes or failure to perform. </li><li>Property insurance covers equipment, signage, inventory, and furniture in the event of a fire, storm, or theft. However, additional coverage is needed to cover events such as floods or earthquakes. </li><li>Business interruption insurance compensates for lost income during events that prevent normal business operations, such as an extended power outage.</li><li>Workers\' compensation insurance is mandatory for employers to protect employees and to cover an injured employee’s medical care. It also provides lost wages and death benefits to a deceased worker’s immediate family.</li><li>A company may name other companies or individuals as additional insured under its commercial liability insurance policy. For example, if an automobile repair garage enters into a contract with another company to provide car washing services, that company may require the garage owners to add it as additional insured on their garage liability coverage. </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.investopedia.com/terms/g/garage-liability-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Garage Liability Insurance: What it is, How it Works','','inherit','closed','closed','','3375-revision-v1','','','2023-07-31 05:02:46','2023-07-31 05:02:46','',3375,'http://smartinsurance.tips/?p=3377',0,'revision','',0),(3378,1,'2023-07-31 05:21:41','2023-07-31 05:21:41','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Owners of rental properties may wonder, “Do I need landlord insurance?” In most cases, landlord insurance can provide coverage for the home for damage caused by tenants and certain perils.</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\":3379,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-37.png\" alt=\"\" class=\"wp-image-3379\"/></figure>\n<!-- /wp:image --><figcaption class=\"blocks-gallery-caption\"><br></figcaption></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"q:-i-just-moved-into-a-new-home-and-want-to-start-renting-out-my-old-house-i-currently-have-a-homeow\"><strong>Q: </strong>I just moved into a new home and want to start renting out my old house. I currently have a homeowners insurance policy. Will that still cover my house now that it’s a rental property, or do I need landlord 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\"><strong>A:</strong> Owning a rental property is a great way to earn extra income. Homeowners who decide to rent their properties may wonder, “Do I need landlord insurance, or will a homeowners insurance policy suffice?” Generally, a landlord will need to purchase a landlord insurance policy to cover the rental property, as a homeowners insurance policy doesn’t provide the same type of coverage as a landlord 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\">Landlord coverage protects the property owner if the home sustains damage from a list of named perils. It can also provide financial protection if the landlord is found legally liable in certain situations.</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>Homeowners insurance typically only covers a dwelling that is occupied by the owner, so owners of rental properties will want to get landlord insurance coverage.</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\">Homeowners insurance helps protect policyholders from unexpected expenses as a result of damage to their home caused by a covered event. As an example, if a windstorm knocks a tree branch onto the roof of a home, creating a hole and causing damage to the home’s contents, homeowners insurance would typically cover the cost of repairing the damage, replacing damaged contents, and the cost of the cleanup, less the deductible. If this same scenario were to happen in a rental home, the landlord insurance policy would pay to repair the damages to the home, but the renter’s personal property would not be covered under the landlord 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\">Before renting out their property, landlords may want to look at the best landlord insurance companies. Comparing landlord’s rental insurance quotes from different carriers makes it easier for a rental property owner to find the best combination of coverage and affordability.</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>Landlord insurance offers coverage for property damage caused by a covered event.</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 comparing landlord insurance vs. homeowners insurance, customers will see that both types of policies offer dwelling coverage for the insured property. Dwelling coverage applies to the physical structure of the rental building. If the building experiences damage from a covered event, landlord insurance helps cover the cost of repairs.</p>\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 an example, if a burst pipe in the rental home causes flooding in one of the bathrooms and damages the floors and walls, the landlord’s insurance policy generally helps pay to clean up water and repair the damaged floors and walls.</p>\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 landlord insurance policies include coverage for other structures. This protection extends the dwelling coverage to detached structures on the property, such as a garden shed, fence, or detached garage.</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>While some insurers may offer actual cash value coverage, it’s recommended that landlords take out replacement cost coverage.</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\">Similar to how a homeowners insurance policy works, a landlord insurance policy will pay out claims in one of two ways: actual cash value or replacement cost.</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>Actual cash value:</strong>&nbsp;Actual cash value coverage calculates the cost to repair or rebuild a rental property at its current value, minus depreciation (which accounts for age, condition of the home, etc).</li><li><strong>Replacement cost:</strong>&nbsp;Replacement cost coverage pays for the cost to repair or rebuild the property at today’s prices, without depreciation.</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\">It’s often suggested that landlords choose replacement cost coverage for their rental units. While replacement cost coverage will typically cost more up front, it can prevent a policyholder from having to pay a substantial amount out of picket in the event of a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For instance, if a fire destroys an older rental property, a policyholder with an actual cash value policy would receive a claim payout that accounts for the long-term depreciation of the home. If the landlord has replacement cost coverage in this type of scenario, the insurance company would pay to repair or rebuild the home at today’s prices, and depreciation would not be a consideration.</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>Landlord insurance can provide coverage for lost rental income if the property is uninhabitable and the renters must move out.</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\">Many events covered by landlord insurance could potentially cause a rental to be uninhabitable. Fire damage and water damage, for example, could require several weeks, months, or longer to mitigate. Tenants can’t live in the property during this time, and the landlord won’t receive rent payments.</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>Landlord insurance can provide coverage for lost rental income if the property is uninhabitable and the renters must move out.</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\">Many events covered by landlord insurance could potentially cause a rental to be uninhabitable. Fire damage and water damage, for example, could require several weeks, months, or longer to mitigate. Tenants can’t live in the property during this time, and the landlord won’t receive rent payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Landlord insurance may offer lost rental income coverage if the property is uninhabitable due to covered damages. This coverage is usually limited to situations where a tenant must leave the property, however. There are other types of coverage a landlord can look into purchasing that can provide protection if a tenant falls behind on their payments. For this reason, landlords will want to check their landlord insurance policies carefully to find out what is and isn’t covered as it pertains to landlord rent insurance.</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>A landlord insurance policy will also offer liability coverage for medical or legal costs.</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\">Accidents are unpredictable and sometimes unavoidable. When a landlord rents their property to a tenant, they may want to make sure they have the necessary tenancy liability insurance coverage in case of landlord liabilities. This coverage helps protect the landlord if a tenant, guest, or even a third-party contractor is hurt on the property. If an accident occurs, the landlord liability insurance can help cover the injured party’s medical costs, and it can also provide financial protection to the landlord if the injured party decides to pursue legal action.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, if a tenant breaks a leg when on the property by falling through a rotten deck board, the landlord’s liability insurance for rental properties could help pay the medical bills of the injured tenant, as well as the costs of potential lawsuits against the landlord related to the accident.</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>Depending on their needs, landlords may want to opt for additional coverage such as guaranteed income insurance, flood insurance, emergency coverage, or additional construction expenses.</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\">Landlords can generally customize their landlord insurance to fit their individual needs. Many landlords add extra coverage to tailor their policy for unique risks their property faces. For example, a standard landlord insurance policy doesn’t cover damage related to flooding. Landlords can opt to purchase additional flood insurance for their rental property if the property is located in an area at high risk for a flood.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Other coverage options for landlords 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><strong>Guaranteed income insurance:</strong>&nbsp;This protection helps cover monthly rental fees if a tenant misses a payment or can’t pay the full amount.</li><li><strong>Emergency coverage:</strong>&nbsp;Emergency coverage can help cover the cost for a landlord to travel to their property and fix any emergency issues their tenant has, such as a leaking appliance.</li><li><strong>Additional construction expenses coverage:</strong>&nbsp;After damage, such as a fire or burst pipe, the rental property may need additional repairs to bring it back up to code. Additional construction expenses coverage helps pay for these additional repairs.</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>Landlord insurance premiums tend to be slightly higher than homeowners insurance premiums because rental properties are more likely to sustain damage.</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\">The average cost of landlord insurance is generally higher than the cost to insure the property with homeowners insurance. In general, rental properties are more likely to sustain damage than an owner-occupied home because tenants often don’t feel a sense of ownership when renting a home. This can lead them to skip general maintenance or let small issues develop into large ones before contacting their landlord.</p>\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 addition, the cost of landlord insurance can vary depending on the property. Several factors go into determining landlord insurance rates, including:</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>Location of the property</li><li>Size of the unit or home</li><li>Value of the property</li><li>Age of the home</li><li>Long-term versus short-term tenants</li><li>Deductible and coverage amount</li><li>Additional coverages</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>Premiums may be even higher for a short-term rental property than for a property with long-term tenants.</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\">With the rise in privately owned vacation rentals, more homeowners are renting out their vacation properties as short-term rentals. These homeowners might be surprised to learn landlord insurance often costs more for short-term rentals than for long-term rentals.</p>\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 a long-term rental, where the same tenant might rent a property for months or years, there’s less risk. A long-term renter often wants their home to stay in good condition. This makes it more likely they’ll contact their landlord with maintenance issues or property concerns.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Short-term rentals, such as weeklong vacation rentals, have more tenants coming in and out over a short period of time. More tenants mean more chances for damage to the property. Additionally, short-term renters often aren’t at the property long enough to notice issues or report them.</p>\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 an example, a landlord who owns a beachfront condo and rents it out on a short-term basis could have several different families come to stay at the property over the course of a month. Since each family would only be residing in the home for around a week, it’s likely that none of them would notice a leak under the sink. Over time, a leak could turn into a catastrophic failure and lead to water damage, but the landlord may not know until it’s too late.</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>Since landlord insurance doesn’t cover a renter’s personal belongings, property owners may want to consider requiring tenants to carry renters insurance as part of their rental agreement.</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\">Renters insurance isn’t required by law, but landlords can choose to require it for their tenants. In most cases, requiring renters insurance is a good idea for both the landlord and the tenant.</p>\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 many reasons for tenants to get renters insurance to protect their belongings. Landlord insurance only protects the landlord; renters insurance helps protect the tenant. Tenants generally need their own policy to protect their belongings such as furniture and clothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Additionally, requiring renters insurance for tenants can be helpful to landlords. A tenant who’s willing to purchase renters insurance shows they’re willing to work with the landlord. It can also show responsibility, meaning the tenant may take better care of the property over someone who refuses to protect their own belongings. Landlords can suggest one of the best renters insurance companies, such as Lemonade, to their tenants.</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.bobvila.com/articles/do-i-need-landlord-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','I’m a Landlord — Do I Really Need Landlord Insurance?','','publish','closed','closed','','im-a-landlord-do-i-really-need-landlord-insurance','','','2023-07-31 05:21:41','2023-07-31 05:21:41','',0,'http://smartinsurance.tips/?p=3378',0,'post','',0),(3379,1,'2023-07-31 05:04:37','2023-07-31 05:04:37','','My-project-1-37','','inherit','closed','closed','','my-project-1-37-2','','','2023-07-31 05:04:37','2023-07-31 05:04:37','',3378,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-37.png',0,'attachment','image/png',0),(3380,1,'2023-07-31 05:21:41','2023-07-31 05:21:41','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Owners of rental properties may wonder, “Do I need landlord insurance?” In most cases, landlord insurance can provide coverage for the home for damage caused by tenants and certain perils.</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\":3379,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-37.png\" alt=\"\" class=\"wp-image-3379\"/></figure>\n<!-- /wp:image --><figcaption class=\"blocks-gallery-caption\"><br></figcaption></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"q:-i-just-moved-into-a-new-home-and-want-to-start-renting-out-my-old-house-i-currently-have-a-homeow\"><strong>Q: </strong>I just moved into a new home and want to start renting out my old house. I currently have a homeowners insurance policy. Will that still cover my house now that it’s a rental property, or do I need landlord 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\"><strong>A:</strong> Owning a rental property is a great way to earn extra income. Homeowners who decide to rent their properties may wonder, “Do I need landlord insurance, or will a homeowners insurance policy suffice?” Generally, a landlord will need to purchase a landlord insurance policy to cover the rental property, as a homeowners insurance policy doesn’t provide the same type of coverage as a landlord 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\">Landlord coverage protects the property owner if the home sustains damage from a list of named perils. It can also provide financial protection if the landlord is found legally liable in certain situations.</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>Homeowners insurance typically only covers a dwelling that is occupied by the owner, so owners of rental properties will want to get landlord insurance coverage.</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\">Homeowners insurance helps protect policyholders from unexpected expenses as a result of damage to their home caused by a covered event. As an example, if a windstorm knocks a tree branch onto the roof of a home, creating a hole and causing damage to the home’s contents, homeowners insurance would typically cover the cost of repairing the damage, replacing damaged contents, and the cost of the cleanup, less the deductible. If this same scenario were to happen in a rental home, the landlord insurance policy would pay to repair the damages to the home, but the renter’s personal property would not be covered under the landlord 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\">Before renting out their property, landlords may want to look at the best landlord insurance companies. Comparing landlord’s rental insurance quotes from different carriers makes it easier for a rental property owner to find the best combination of coverage and affordability.</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>Landlord insurance offers coverage for property damage caused by a covered event.</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 comparing landlord insurance vs. homeowners insurance, customers will see that both types of policies offer dwelling coverage for the insured property. Dwelling coverage applies to the physical structure of the rental building. If the building experiences damage from a covered event, landlord insurance helps cover the cost of repairs.</p>\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 an example, if a burst pipe in the rental home causes flooding in one of the bathrooms and damages the floors and walls, the landlord’s insurance policy generally helps pay to clean up water and repair the damaged floors and walls.</p>\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 landlord insurance policies include coverage for other structures. This protection extends the dwelling coverage to detached structures on the property, such as a garden shed, fence, or detached garage.</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>While some insurers may offer actual cash value coverage, it’s recommended that landlords take out replacement cost coverage.</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\">Similar to how a homeowners insurance policy works, a landlord insurance policy will pay out claims in one of two ways: actual cash value or replacement cost.</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>Actual cash value:</strong>&nbsp;Actual cash value coverage calculates the cost to repair or rebuild a rental property at its current value, minus depreciation (which accounts for age, condition of the home, etc).</li><li><strong>Replacement cost:</strong>&nbsp;Replacement cost coverage pays for the cost to repair or rebuild the property at today’s prices, without depreciation.</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\">It’s often suggested that landlords choose replacement cost coverage for their rental units. While replacement cost coverage will typically cost more up front, it can prevent a policyholder from having to pay a substantial amount out of picket in the event of a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For instance, if a fire destroys an older rental property, a policyholder with an actual cash value policy would receive a claim payout that accounts for the long-term depreciation of the home. If the landlord has replacement cost coverage in this type of scenario, the insurance company would pay to repair or rebuild the home at today’s prices, and depreciation would not be a consideration.</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>Landlord insurance can provide coverage for lost rental income if the property is uninhabitable and the renters must move out.</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\">Many events covered by landlord insurance could potentially cause a rental to be uninhabitable. Fire damage and water damage, for example, could require several weeks, months, or longer to mitigate. Tenants can’t live in the property during this time, and the landlord won’t receive rent payments.</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>Landlord insurance can provide coverage for lost rental income if the property is uninhabitable and the renters must move out.</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\">Many events covered by landlord insurance could potentially cause a rental to be uninhabitable. Fire damage and water damage, for example, could require several weeks, months, or longer to mitigate. Tenants can’t live in the property during this time, and the landlord won’t receive rent payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Landlord insurance may offer lost rental income coverage if the property is uninhabitable due to covered damages. This coverage is usually limited to situations where a tenant must leave the property, however. There are other types of coverage a landlord can look into purchasing that can provide protection if a tenant falls behind on their payments. For this reason, landlords will want to check their landlord insurance policies carefully to find out what is and isn’t covered as it pertains to landlord rent insurance.</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>A landlord insurance policy will also offer liability coverage for medical or legal costs.</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\">Accidents are unpredictable and sometimes unavoidable. When a landlord rents their property to a tenant, they may want to make sure they have the necessary tenancy liability insurance coverage in case of landlord liabilities. This coverage helps protect the landlord if a tenant, guest, or even a third-party contractor is hurt on the property. If an accident occurs, the landlord liability insurance can help cover the injured party’s medical costs, and it can also provide financial protection to the landlord if the injured party decides to pursue legal action.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, if a tenant breaks a leg when on the property by falling through a rotten deck board, the landlord’s liability insurance for rental properties could help pay the medical bills of the injured tenant, as well as the costs of potential lawsuits against the landlord related to the accident.</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>Depending on their needs, landlords may want to opt for additional coverage such as guaranteed income insurance, flood insurance, emergency coverage, or additional construction expenses.</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\">Landlords can generally customize their landlord insurance to fit their individual needs. Many landlords add extra coverage to tailor their policy for unique risks their property faces. For example, a standard landlord insurance policy doesn’t cover damage related to flooding. Landlords can opt to purchase additional flood insurance for their rental property if the property is located in an area at high risk for a flood.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Other coverage options for landlords 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><strong>Guaranteed income insurance:</strong>&nbsp;This protection helps cover monthly rental fees if a tenant misses a payment or can’t pay the full amount.</li><li><strong>Emergency coverage:</strong>&nbsp;Emergency coverage can help cover the cost for a landlord to travel to their property and fix any emergency issues their tenant has, such as a leaking appliance.</li><li><strong>Additional construction expenses coverage:</strong>&nbsp;After damage, such as a fire or burst pipe, the rental property may need additional repairs to bring it back up to code. Additional construction expenses coverage helps pay for these additional repairs.</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>Landlord insurance premiums tend to be slightly higher than homeowners insurance premiums because rental properties are more likely to sustain damage.</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\">The average cost of landlord insurance is generally higher than the cost to insure the property with homeowners insurance. In general, rental properties are more likely to sustain damage than an owner-occupied home because tenants often don’t feel a sense of ownership when renting a home. This can lead them to skip general maintenance or let small issues develop into large ones before contacting their landlord.</p>\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 addition, the cost of landlord insurance can vary depending on the property. Several factors go into determining landlord insurance rates, including:</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>Location of the property</li><li>Size of the unit or home</li><li>Value of the property</li><li>Age of the home</li><li>Long-term versus short-term tenants</li><li>Deductible and coverage amount</li><li>Additional coverages</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>Premiums may be even higher for a short-term rental property than for a property with long-term tenants.</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\">With the rise in privately owned vacation rentals, more homeowners are renting out their vacation properties as short-term rentals. These homeowners might be surprised to learn landlord insurance often costs more for short-term rentals than for long-term rentals.</p>\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 a long-term rental, where the same tenant might rent a property for months or years, there’s less risk. A long-term renter often wants their home to stay in good condition. This makes it more likely they’ll contact their landlord with maintenance issues or property concerns.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Short-term rentals, such as weeklong vacation rentals, have more tenants coming in and out over a short period of time. More tenants mean more chances for damage to the property. Additionally, short-term renters often aren’t at the property long enough to notice issues or report them.</p>\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 an example, a landlord who owns a beachfront condo and rents it out on a short-term basis could have several different families come to stay at the property over the course of a month. Since each family would only be residing in the home for around a week, it’s likely that none of them would notice a leak under the sink. Over time, a leak could turn into a catastrophic failure and lead to water damage, but the landlord may not know until it’s too late.</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>Since landlord insurance doesn’t cover a renter’s personal belongings, property owners may want to consider requiring tenants to carry renters insurance as part of their rental agreement.</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\">Renters insurance isn’t required by law, but landlords can choose to require it for their tenants. In most cases, requiring renters insurance is a good idea for both the landlord and the tenant.</p>\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 many reasons for tenants to get renters insurance to protect their belongings. Landlord insurance only protects the landlord; renters insurance helps protect the tenant. Tenants generally need their own policy to protect their belongings such as furniture and clothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Additionally, requiring renters insurance for tenants can be helpful to landlords. A tenant who’s willing to purchase renters insurance shows they’re willing to work with the landlord. It can also show responsibility, meaning the tenant may take better care of the property over someone who refuses to protect their own belongings. Landlords can suggest one of the best renters insurance companies, such as Lemonade, to their tenants.</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.bobvila.com/articles/do-i-need-landlord-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','I’m a Landlord — Do I Really Need Landlord Insurance?','','inherit','closed','closed','','3378-revision-v1','','','2023-07-31 05:21:41','2023-07-31 05:21:41','',3378,'http://smartinsurance.tips/?p=3380',0,'revision','',0),(3381,1,'2023-07-31 05:29:52','2023-07-31 05:29:52','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many consumers don’t pay much attention to the cost of homeowner’s insurance, simply accepting the fact that they have to pay steep prices to protect their biggest asset. That\'s a mistake; according to industry estimates, the average cost of homeowners insurance nationwide is approaching $1,000 and is only on the rise. It doesn\'t have to be that way, though. Homeowners do have some power to prevent rate increases, but it takes some cunning and a few changes at home. Check out our list to see what\'s spiking your rates and what you can do about it.</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\":3382,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-38.png\" alt=\"\" class=\"wp-image-3382\"/></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\"><strong>Reconsider Adopting a New Pet</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\">As much as you love the littlest members of your family, insurance companies don\'t share your love for dogs. Man\'s best friend is considered one of the most dangerous things in your home, accounting for roughly one-third of all home insurance liability claims. Even the friendliest mutt is deemed a potential risk—and children are especially vulnerable to injury by dog bite. And if you own an exotic pet—like a hedgehog or monkey, for instance—expect even higher premiums to cover potential attacks on guests or passersby. By all means, keep your current pet, but if you can\'t afford a rate increase, maybe reconsider bringing home any additional animals. </p>\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>Cordon Off the Swimming Pool</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\">Having a pool is a great way to cool off during the summer months, but all that relaxation comes at a cost. Swimming pools are considered an “attractive nuisance,” a potential danger that can cause rate spikes in your home insurance. The most at-risk users, of course, are the children in your household, but you can also be liable for harm done by people who use your pool—even without your permission. Want to keep little ones safe and yourself protected? Keep your pool area secure by installing fences, self-locking gates and by having safety equipment and first aid kits readily accessible.</p>\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>Skip This Backyard Hazard</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\">Jumping on a trampoline is all fun and games until one accidental bounce leads to a fall and a broken bone. Trampolines are a leading cause of childhood injury, so it\'s no surprise they come with a hefty insurance spike for owners. You\'ll be held responsible for any trampoline-related injuries that occur, even if the injured parties are playing in your backyard without permission. If you must have a trampoline, consider placing it in a securely fenced area, then surround it with a safety net to reduce the chance of injury. Supervise play time to keep roughhousing to a minimum and be prepared with a first aid kit and a mobile phone so that if accidents do happen you can dial for help if you 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\"><strong>Keep Wood-Burners Up to Code</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\">When the weather outside is frightening, there\'s nothing like cuddling up in front of a cozy fire. But the wintertime cozy factor associated with a wood-burning fireplace or stove comes at a cost in the form of higher home insurance rates. It\'s only natural that insurance companies hike the cost of coverage—these toasty home features account for 36 percent of rural and residential home fires each year, according to the U.S. Fire Administration. To minimize potential premium increases, provide your insurance carrier with proof that your wood-burning stove was installed by a licensed contractor and meets code requirements. Also, you should install smoke detectors on all levels of your home, and keep a fire extinguisher in an easily-accessible location—and make sure all household members know how to 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\"><strong>Get a Home Business Insurance Policy</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\">Doing business from the home office means owning a lot of specialized and pricy gear, including computers, scanners, printers, phones, desk chairs, filing cabinets and office supplies. All of this extra equipment is at risk for fire, burglary or water damage, which may convince insurers to hike rates. If your business requires that customers or clients come to your house for meetings—expect additional increases to cover business contacts in case of accidents that standard homeowner’s insurance may not cover. And keep in mind, a home business may require a separate rider or even a totally separate business 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\"><strong>Improve Your Credit Score</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\">If your credit score drops, you may wind up paying a lot more for insurance coverage. In many states, insurers are allowed to use your credit report to predict the likelihood you\'ll file a claim. Homeowners with better credit scores are considered a safer risk, and therefore pay less, while people with lower credit scores are stuck paying more. To keep your rates low, maintain a solid credit history by paying your bills on time, keeping credit card balances low, regularly verifying the accuracy of the information on your credit report and notifying credit agencies of any errors in your report.</p>\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>Cover Your Assets</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\">Luxury items like engagement rings, high-priced watches, diamond earrings and other costly charms make your home a target for burglary—indeed, stolen or damaged jewelry is the most-claimed insurance item based on total value. Most modestly priced watches, earrings, clothing, and artwork are covered under standard home contents insurance and won\'t affect your premium much, but if you have expensive tastes in jewelry and home accessories, consider purchasing separate riders to protect your big-ticket items.</p>\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>Remodel Wisely</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\">If you’re considering a home remodeling project, be aware that certain structural elements can up your insurance rates. Balconies and winding staircases top the list for their likelihood to increase slips and falls, which according to the National Safety Council, are the single largest cause of emergency room visits. It\'s not just new additions that you have to worry about; the age of the other elements like the roof, plumbing, appliances and wiring can make your home more susceptible to damage, which in turn makes it more costly to insure. </p>\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>File at Your Own Risk</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\">Here\'s a classic case of irony: Filing an insurance claim could result in higher premiums. Don\'t fret quite yet: Filing a single claim generally won\'t result in higher premiums, especially if those claims are related to weather or other natural disasters. That said, filing multiple claims within a two- or three-year period sets off alarm bells for insurance companies. The more claims you have, the higher your perceived risk to insurers, and that could mean higher premiums, loss of coverage and difficulties obtaining a new insurance policy down the line.</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.bobvila.com/slideshow/9-ways-to-pay-less-for-home-insurance-51326\">click here.</a></p>\n<!-- /wp:paragraph -->','9 Ways to Pay Less for Home Insurance','','publish','closed','closed','','9-ways-to-pay-less-for-home-insurance','','','2023-07-31 05:29:52','2023-07-31 05:29:52','',0,'http://smartinsurance.tips/?p=3381',0,'post','',0),(3382,1,'2023-07-31 05:23:50','2023-07-31 05:23:50','','My-project-1-38','','inherit','closed','closed','','my-project-1-38-2','','','2023-07-31 05:23:50','2023-07-31 05:23:50','',3381,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-38.png',0,'attachment','image/png',0),(3383,1,'2023-07-31 05:29:52','2023-07-31 05:29:52','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many consumers don’t pay much attention to the cost of homeowner’s insurance, simply accepting the fact that they have to pay steep prices to protect their biggest asset. That\'s a mistake; according to industry estimates, the average cost of homeowners insurance nationwide is approaching $1,000 and is only on the rise. It doesn\'t have to be that way, though. Homeowners do have some power to prevent rate increases, but it takes some cunning and a few changes at home. Check out our list to see what\'s spiking your rates and what you can do about it.</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\":3382,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-38.png\" alt=\"\" class=\"wp-image-3382\"/></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\"><strong>Reconsider Adopting a New Pet</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\">As much as you love the littlest members of your family, insurance companies don\'t share your love for dogs. Man\'s best friend is considered one of the most dangerous things in your home, accounting for roughly one-third of all home insurance liability claims. Even the friendliest mutt is deemed a potential risk—and children are especially vulnerable to injury by dog bite. And if you own an exotic pet—like a hedgehog or monkey, for instance—expect even higher premiums to cover potential attacks on guests or passersby. By all means, keep your current pet, but if you can\'t afford a rate increase, maybe reconsider bringing home any additional animals. </p>\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>Cordon Off the Swimming Pool</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\">Having a pool is a great way to cool off during the summer months, but all that relaxation comes at a cost. Swimming pools are considered an “attractive nuisance,” a potential danger that can cause rate spikes in your home insurance. The most at-risk users, of course, are the children in your household, but you can also be liable for harm done by people who use your pool—even without your permission. Want to keep little ones safe and yourself protected? Keep your pool area secure by installing fences, self-locking gates and by having safety equipment and first aid kits readily accessible.</p>\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>Skip This Backyard Hazard</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\">Jumping on a trampoline is all fun and games until one accidental bounce leads to a fall and a broken bone. Trampolines are a leading cause of childhood injury, so it\'s no surprise they come with a hefty insurance spike for owners. You\'ll be held responsible for any trampoline-related injuries that occur, even if the injured parties are playing in your backyard without permission. If you must have a trampoline, consider placing it in a securely fenced area, then surround it with a safety net to reduce the chance of injury. Supervise play time to keep roughhousing to a minimum and be prepared with a first aid kit and a mobile phone so that if accidents do happen you can dial for help if you 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\"><strong>Keep Wood-Burners Up to Code</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\">When the weather outside is frightening, there\'s nothing like cuddling up in front of a cozy fire. But the wintertime cozy factor associated with a wood-burning fireplace or stove comes at a cost in the form of higher home insurance rates. It\'s only natural that insurance companies hike the cost of coverage—these toasty home features account for 36 percent of rural and residential home fires each year, according to the U.S. Fire Administration. To minimize potential premium increases, provide your insurance carrier with proof that your wood-burning stove was installed by a licensed contractor and meets code requirements. Also, you should install smoke detectors on all levels of your home, and keep a fire extinguisher in an easily-accessible location—and make sure all household members know how to 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\"><strong>Get a Home Business Insurance Policy</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\">Doing business from the home office means owning a lot of specialized and pricy gear, including computers, scanners, printers, phones, desk chairs, filing cabinets and office supplies. All of this extra equipment is at risk for fire, burglary or water damage, which may convince insurers to hike rates. If your business requires that customers or clients come to your house for meetings—expect additional increases to cover business contacts in case of accidents that standard homeowner’s insurance may not cover. And keep in mind, a home business may require a separate rider or even a totally separate business 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\"><strong>Improve Your Credit Score</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\">If your credit score drops, you may wind up paying a lot more for insurance coverage. In many states, insurers are allowed to use your credit report to predict the likelihood you\'ll file a claim. Homeowners with better credit scores are considered a safer risk, and therefore pay less, while people with lower credit scores are stuck paying more. To keep your rates low, maintain a solid credit history by paying your bills on time, keeping credit card balances low, regularly verifying the accuracy of the information on your credit report and notifying credit agencies of any errors in your report.</p>\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>Cover Your Assets</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\">Luxury items like engagement rings, high-priced watches, diamond earrings and other costly charms make your home a target for burglary—indeed, stolen or damaged jewelry is the most-claimed insurance item based on total value. Most modestly priced watches, earrings, clothing, and artwork are covered under standard home contents insurance and won\'t affect your premium much, but if you have expensive tastes in jewelry and home accessories, consider purchasing separate riders to protect your big-ticket items.</p>\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>Remodel Wisely</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\">If you’re considering a home remodeling project, be aware that certain structural elements can up your insurance rates. Balconies and winding staircases top the list for their likelihood to increase slips and falls, which according to the National Safety Council, are the single largest cause of emergency room visits. It\'s not just new additions that you have to worry about; the age of the other elements like the roof, plumbing, appliances and wiring can make your home more susceptible to damage, which in turn makes it more costly to insure. </p>\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>File at Your Own Risk</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\">Here\'s a classic case of irony: Filing an insurance claim could result in higher premiums. Don\'t fret quite yet: Filing a single claim generally won\'t result in higher premiums, especially if those claims are related to weather or other natural disasters. That said, filing multiple claims within a two- or three-year period sets off alarm bells for insurance companies. The more claims you have, the higher your perceived risk to insurers, and that could mean higher premiums, loss of coverage and difficulties obtaining a new insurance policy down the line.</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.bobvila.com/slideshow/9-ways-to-pay-less-for-home-insurance-51326\">click here.</a></p>\n<!-- /wp:paragraph -->','9 Ways to Pay Less for Home Insurance','','inherit','closed','closed','','3381-revision-v1','','','2023-07-31 05:29:52','2023-07-31 05:29:52','',3381,'http://smartinsurance.tips/?p=3383',0,'revision','',0),(3384,1,'2023-07-31 05:39:18','2023-07-31 05:39:18','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cyber insurance can protect your business in case of a hack. You may be able to add it onto a business owner’s policy.</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\":3385,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-39.png\" alt=\"\" class=\"wp-image-3385\"/></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\"><strong>Nerdy takeaways</strong></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 should have cybersecurity insurance if you handle customer data or store information about your business online.</li><li>Cybersecurity insurance can cover the cost of notifying your customers about a breach, legal defense and more.</li><li>Data breach insurance and cyber liability insurance are types of cybersecurity insurance.</li><li>You may be able to add some cyber coverage to your business owner’s policy.</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\">Cybersecurity insurance protects businesses against financial losses caused by incidents like data breaches and theft, system hacking, ransomware extortion payments and more. If your small business stores sensitive information online or on a computer, you should carry at least some cyber insurance coverage.&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\">Some insurers offer cyber insurance as an add-on to a business owner’s policy, but you can also purchase this coverage separately. Here\'s what cybersecurity insurance covers and where you can buy a 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\">What are the types of cybersecurity 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\">Cybersecurity insurance generally comes as either first-party or liability coverage; these policies protect companies in different circumstances. If you’re a technology business, you’ll want to consider adding the different, but related, technology errors and omissions coverage, as well.</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>First-party coverage</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\">First-party cybersecurity insurance covers the costs of things like:&nbsp;</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>Investigation of the incident.</li><li>Risk assessment of future cyber incidents.</li><li>Lost revenue due to business interruption.</li><li>Ransomware attack payments based on coverage limits.</li><li>Notifying customers about the cyber incident and providing them with anti-fraud services such as credit monitoring.</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\">The most common first-party cybersecurity coverage is data breach insurance.</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>Third-party or cyber liability coverage</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\">Cyber liability coverage can protect your business if a third party sues you for damages as a result of a cybersecurity incident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cyber liability coverage generally pays for:</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>Attorney and court fees associated with legal proceedings.</li><li>Settlements and court judgments.</li><li>Regulatory fines for noncompliance.</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\">General liability insurance excludes coverage for data-breach-related liability claims, so if your business stores customer data, you’ll want to consider a separate cyber liability insurance policy. </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>Technology errors and omissions</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\">A technology errors and omissions, or E&amp;O, policy kicks in if a cybersecurity incident occurs in a customer’s business because of an error on your part. You should consider buying this coverage if your business manufactures a technology product or provides technology services. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, if a customer’s financial data is stolen from your computer, first-party or liability insurance would provide coverage. However, if you write an accounting software program that has an error in the code and the customer’s data is stolen directly from their computer as a result, you’re now in tech E&amp;O territory.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Technology E&amp;O pays for items similar to that of cybersecurity liability insurance, such as legal fees, court costs, and judgments or settlements but only in covered circumstances relating to products or services.&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\"><strong>Which businesses need cybersecurity 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\">Almost any business — no matter its size — can be at risk for cybercrime. But cybersecurity insurance is especially important for:</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>Businesses that store important data online or on computers.</strong> If your business stores important data, such as phone numbers, credit card numbers or Social Security numbers — either online or on a computer — you are at risk of a cyberattack. You should consider data breach insurance. If you store sensitive customer data, consider cyber liability coverage, too.&nbsp;</li><li><strong>Businesses with large customer bases. </strong>Insurance can help cover certain regulatory fines these businesses might be subject to following a data breach. Notifying customers of data breaches is often required by state law, and first-party policies can cover this cost, which can be significant for companies with large consumer bases.</li><li><strong>Businesses with high revenue or valuable digital assets. </strong>The costs associated with cyber incidents can be difficult to predict, and larger companies are likely to have more valuable data, which could come with a more expensive ransom.&nbsp;</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 you are unsure whether you need cybersecurity insurance, consider speaking to a business insurance agent near you to assess your risk level and potential premiums to determine if it\'s the right investment for your 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\"><strong>What does cybersecurity insurance exclude?</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\">Cybersecurity insurance does not pay for the following:&nbsp;</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>Property damage.</strong> Cybersecurity insurance generally doesn’t pay for any property damage stemming from a data breach or cyberattack, such as hardware that was fried during the cyber incident. These sorts of claims are usually covered by commercial property insurance.</li><li><strong>Intellectual property.</strong> During a cyber incident, intellectual property losses and any lost income associated with it are commonly excluded from cybersecurity insurance coverage. </li><li><strong>Crimes or self-inflicted cyber incidents.</strong> Virtually no cybersecurity policy is going to cover a business that is charged with committing a crime related to or causing a cyber incident. Commercial crime insurance generally covers theft by employees, though.</li><li><strong>Costs for proactive preventive measures.</strong> Protective measures to avoid a future cyberattack, like training employees on cybersecurity and setting up a virtual private network, probably won’t be covered by a cyber insurance policy. </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\"><strong>How do I get cybersecurity 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\">You can purchase cybersecurity insurance through most business insurance providers. </p>\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 business insurance companies offer cybersecurity or data breach insurance as an add-on to their business owner’s policies, though this may not be enough coverage for businesses with more complex needs. </p>\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 get a sense of how much cybersecurity insurance is likely to cost for your business, get multiple business insurance quotes. You can do this in a few minutes from online business insurance companies or work with a business insurance agent, who can help you compare quotes and find the best coverage at the best price.</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/small-business/cybersecurity-insurance#:~:text=You%20should%20have%20cybersecurity%20insurance,are%20types%20of%20cybersecurity%20insurance.\">click here.</a></p>\n<!-- /wp:paragraph -->','Cybersecurity Insurance: What It Covers, Who Needs It','','publish','closed','closed','','cybersecurity-insurance-what-it-covers-who-needs-it','','','2023-07-31 05:39:18','2023-07-31 05:39:18','',0,'http://smartinsurance.tips/?p=3384',0,'post','',0),(3385,1,'2023-07-31 05:33:25','2023-07-31 05:33:25','','My-project-1-39','','inherit','closed','closed','','my-project-1-39-2','','','2023-07-31 05:33:25','2023-07-31 05:33:25','',3384,'http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-39.png',0,'attachment','image/png',0),(3386,1,'2023-07-31 05:39:18','2023-07-31 05:39:18','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cyber insurance can protect your business in case of a hack. You may be able to add it onto a business owner’s policy.</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\":3385,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/07/My-project-1-39.png\" alt=\"\" class=\"wp-image-3385\"/></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\"><strong>Nerdy takeaways</strong></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 should have cybersecurity insurance if you handle customer data or store information about your business online.</li><li>Cybersecurity insurance can cover the cost of notifying your customers about a breach, legal defense and more.</li><li>Data breach insurance and cyber liability insurance are types of cybersecurity insurance.</li><li>You may be able to add some cyber coverage to your business owner’s policy.</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\">Cybersecurity insurance protects businesses against financial losses caused by incidents like data breaches and theft, system hacking, ransomware extortion payments and more. If your small business stores sensitive information online or on a computer, you should carry at least some cyber insurance coverage.&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\">Some insurers offer cyber insurance as an add-on to a business owner’s policy, but you can also purchase this coverage separately. Here\'s what cybersecurity insurance covers and where you can buy a 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\">What are the types of cybersecurity 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\">Cybersecurity insurance generally comes as either first-party or liability coverage; these policies protect companies in different circumstances. If you’re a technology business, you’ll want to consider adding the different, but related, technology errors and omissions coverage, as well.</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>First-party coverage</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\">First-party cybersecurity insurance covers the costs of things like:&nbsp;</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>Investigation of the incident.</li><li>Risk assessment of future cyber incidents.</li><li>Lost revenue due to business interruption.</li><li>Ransomware attack payments based on coverage limits.</li><li>Notifying customers about the cyber incident and providing them with anti-fraud services such as credit monitoring.</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\">The most common first-party cybersecurity coverage is data breach insurance.</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>Third-party or cyber liability coverage</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\">Cyber liability coverage can protect your business if a third party sues you for damages as a result of a cybersecurity incident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cyber liability coverage generally pays for:</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>Attorney and court fees associated with legal proceedings.</li><li>Settlements and court judgments.</li><li>Regulatory fines for noncompliance.</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\">General liability insurance excludes coverage for data-breach-related liability claims, so if your business stores customer data, you’ll want to consider a separate cyber liability insurance policy. </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>Technology errors and omissions</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\">A technology errors and omissions, or E&amp;O, policy kicks in if a cybersecurity incident occurs in a customer’s business because of an error on your part. You should consider buying this coverage if your business manufactures a technology product or provides technology services. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, if a customer’s financial data is stolen from your computer, first-party or liability insurance would provide coverage. However, if you write an accounting software program that has an error in the code and the customer’s data is stolen directly from their computer as a result, you’re now in tech E&amp;O territory.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Technology E&amp;O pays for items similar to that of cybersecurity liability insurance, such as legal fees, court costs, and judgments or settlements but only in covered circumstances relating to products or services.&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\"><strong>Which businesses need cybersecurity 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\">Almost any business — no matter its size — can be at risk for cybercrime. But cybersecurity insurance is especially important for:</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>Businesses that store important data online or on computers.</strong> If your business stores important data, such as phone numbers, credit card numbers or Social Security numbers — either online or on a computer — you are at risk of a cyberattack. You should consider data breach insurance. If you store sensitive customer data, consider cyber liability coverage, too.&nbsp;</li><li><strong>Businesses with large customer bases. </strong>Insurance can help cover certain regulatory fines these businesses might be subject to following a data breach. Notifying customers of data breaches is often required by state law, and first-party policies can cover this cost, which can be significant for companies with large consumer bases.</li><li><strong>Businesses with high revenue or valuable digital assets. </strong>The costs associated with cyber incidents can be difficult to predict, and larger companies are likely to have more valuable data, which could come with a more expensive ransom.&nbsp;</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 you are unsure whether you need cybersecurity insurance, consider speaking to a business insurance agent near you to assess your risk level and potential premiums to determine if it\'s the right investment for your 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\"><strong>What does cybersecurity insurance exclude?</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\">Cybersecurity insurance does not pay for the following:&nbsp;</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>Property damage.</strong> Cybersecurity insurance generally doesn’t pay for any property damage stemming from a data breach or cyberattack, such as hardware that was fried during the cyber incident. These sorts of claims are usually covered by commercial property insurance.</li><li><strong>Intellectual property.</strong> During a cyber incident, intellectual property losses and any lost income associated with it are commonly excluded from cybersecurity insurance coverage. </li><li><strong>Crimes or self-inflicted cyber incidents.</strong> Virtually no cybersecurity policy is going to cover a business that is charged with committing a crime related to or causing a cyber incident. Commercial crime insurance generally covers theft by employees, though.</li><li><strong>Costs for proactive preventive measures.</strong> Protective measures to avoid a future cyberattack, like training employees on cybersecurity and setting up a virtual private network, probably won’t be covered by a cyber insurance policy. </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\"><strong>How do I get cybersecurity 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\">You can purchase cybersecurity insurance through most business insurance providers. </p>\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 business insurance companies offer cybersecurity or data breach insurance as an add-on to their business owner’s policies, though this may not be enough coverage for businesses with more complex needs. </p>\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 get a sense of how much cybersecurity insurance is likely to cost for your business, get multiple business insurance quotes. You can do this in a few minutes from online business insurance companies or work with a business insurance agent, who can help you compare quotes and find the best coverage at the best price.</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/small-business/cybersecurity-insurance#:~:text=You%20should%20have%20cybersecurity%20insurance,are%20types%20of%20cybersecurity%20insurance.\">click here.</a></p>\n<!-- /wp:paragraph -->','Cybersecurity Insurance: What It Covers, Who Needs It','','inherit','closed','closed','','3384-revision-v1','','','2023-07-31 05:39:18','2023-07-31 05:39:18','',3384,'http://smartinsurance.tips/?p=3386',0,'revision','',0),