(3697,1,'2023-12-19 20:16:10','2023-12-19 20:16:10','<!-- wp:paragraph -->\n<p>How to choose the right tax-advantaged retirement account for you.</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\":3696,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/rsz_1untitled_6.png\" alt=\"\" class=\"wp-image-3696\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">You can use a number of strategies to help you save for retirement, including tax-advantaged retirement accounts like traditional or Roth 401(k)s and IRAs, or other investment accounts. The best retirement plan to build your nest egg will depend on your financial situation, your goals for retirement, and other factors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Let\'s look in more detail at the various ways to save for retirement, how each savings plan works, and about their disadvantages and advantages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Tax-advantaged savings accounts like traditional or Roth IRA and 401(k)s are among the best retirement plans to build your nest egg.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Roth and traditional retirement accounts have different tax advantages.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Traditional 401(k)s and IRAs allow for pre-tax contributions, reducing your annual income tax for that year.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Contributions to Roth 401(k)s and IRAs are made with after-tax funds, but you can withdraw them in retirement tax-free.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The best retirement account to build your nest egg will depend on your specific situation and financial goals.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">401(k)s vs. IRAs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">The main difference between 401(k)s and IRAs is that 401(k) plans are offered through an employer and they have larger contribution limits. An employer offering a 401(k) plan may also offer matching contributions up to a certain amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">IRAs, on the other hand, are held by an individual and typically offer more investment choices, but the contribution limit is lower. They may also include income limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Among 401(k)s and IRAs, you can choose between traditional or Roth accounts. The main difference between them is their tax advantages. With a traditional tax-advantaged retirement account, your contributions are made with after-tax dollars, so your tax bill for that year is lower. Then, you pay taxes on withdrawals during retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">With Roth accounts, tax advantages come in your retirement years. You can make tax-free withdrawals from a Roth account during retirement, and that includes any gains your investments have made. Roth IRAs have income limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">Let\'s look in more detail at the limits and tax advantages of different retirement plans to build a nest egg, so you can determine which may be right for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-17\">401(k)s</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-18\">401(k) plans are tax-advantaged accounts to save for retirement and are defined contribution plans offered by employers. Employees contribute through automatic payroll withholding and the employer can add money to provide matching contributions. For example, your employer might contribute up to 5% of your salary if you put in that amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: <em>Contributions to a traditional 401(k) are made with pre-tax income, effectively lowering your tax bill for the year. But you will pay income taxes when you make withdrawals in retirement. Depending on your financial situation, you may be in a lower income tax bracket when you retire.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">A Roth 401(k) is similar to a traditional 401(k) in that it is provided by an employer. However, contributions to a Roth account are made with after-tax funds. You get your tax advantage in your retirement years when you can withdraw the funds, including any gains on investments, tax-free.3</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-24\">You must start taking distributions from your 401(k) when you turn 73 unless you are still working. You can delay taking the minimum required distributions until the year you retire.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-26\">401(k) Contribution Limits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">For 2023, you can contribute up to $22,500 to your 401(k), or $30,000 if you\'re age 50 or older with a $7,500 catch-up contribution. For 2024, the contribution increases to $23,000 but the catch-up contribution stays at $7,500. After Dec. 31, 2024, the catch-up contribution limits for 401(k) plan participants aged 60 to 63 increase to the greater of $10,000 or 150% of the standard catch-up amount for that year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Employers can contribute up to $66,000 in 2023, or $73,500 if the employee is age 50 or older. For 2024, that increases to $69,000 or $76,500, respectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: <em>The IRS adjusts contribution limits for tax-advantaged retirement accounts annually for inflation.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-33\">IRAs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Individual retirement accounts, or IRAs, are held by you, not your employer. But you must have earned income in wages or salaries to contribute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">With traditional IRAs, you can deduct your contributions from your taxable income, however, you will have to pay taxes on withdrawals when you reach your retirement years. You must take the required minimum distributions (RMDs) from a traditional IRA starting at age 73 in 2023. The age will increase to 75 in 2033.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With Roth IRAs, contributions are made with after-tax dollars, so your tax benefit is not immediate. However, you can make withdrawals tax-free in your retirement years, or after age 59½. Roth IRAs do not require RMDs during the owner\'s lifetime.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">However, you must meet certain criteria before you can make tax-free withdrawals from a Roth IRA. You must have held the account for at least five years, and you must meet one of the following criteria:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-40\"><!-- wp:list-item -->\n<li>You have reached the age of 59½.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You have a disability.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You are using the distribution to buy a first home.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-42\">IRA Contribution and Deduction Limits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">For 2023, you can contribute up to $6,500, plus an additional $1,000 for those 50 or older. For 2024, the figure increases to $7,000 while the catch-up contribution stays at $1,000. Unlike with 401(k)s, your income will play a role in how much you can contribute to a Roth IRA and the amount of deduction you can take for a traditional IRA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> Beginning in 2024, the SECURE 2.0 Act of 2022 allows you to access up to $1,000 annually from retirement savings for emergency expenses. It permits survivors of domestic abuse to withdraw the lesser of $10,000 or 50% of their retirement account and lets victims of a qualified federally declared natural disaster withdraw up to $22,000 from their retirement account without penalty.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-55\">Other Retirement Accounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-56\">Other tax-advantaged retirement accounts can apply to different situations such as SIMPLE 401 (k) plans, 403(b) plans, SIMPLE IRA plans, and SEP plans. Once you have maxed out contributions to a tax-advantaged account, you may want to turn to a traditional investing account to help your nest egg grow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-58\">By investing in assets like stocks and bonds, you have the potential to earn significantly more profits than you would if you simply held cash. However, you should plan to pay taxes on gains earned on your investments. You may also incur trading fees that can affect your profits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-60\">Consider consulting with a professional advisor who can help you choose investments that match your financial goals and risk tolerance level.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip: </strong>Order your copy of the print edition of Investopedia\'s Retirement Guide for more assistance in building the best plan for your retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-64\">How a 401(k) With Company Match Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-65\">To illustrate how a 401(k) with company match works, consider an example where you work for Company A, which offers a 401(k) plan. You plan to contribute $2,000 each year toward your retirement and you are deciding whether it makes better financial sense to contribute to the 401(k) or to an IRA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-67\">If Company A provides a matching contribution, a 401(k) will be the better choice. Below is a look at the growth of the accounts over 10 years, assuming an employer match of $1 for each $1 you contribute, up to $1,500. In 10 years, your 401(k) would grow significantly faster than an IRA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-70\">What to Consider When Choosing a Retirement Plan</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-71\">Matching contribution plans are typically the best retirement plans to build your nest egg. But if your employer isn\'t making matching contributions to the 401(k) plan it offers, consider several factors before deciding which retirement account to use:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-73\"><strong>Investment choices</strong>: Large corporations typically limit investment choices to mutual funds, bonds, and money market instruments, similar to the investment options available in a self-directed IRA. Smaller companies may do the same, but they are typically more likely to allow self-direction of investments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Fees:</strong> Fees that are charged to 401(k) accounts are not as visible as the fees that are charged to an IRA, leading many participants to believe that 401(k) fees are minimal to nonexistent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Accessibility</strong>: Assets in a 401(k) plan cannot be withdrawn unless the participant experiences a triggering event. However, if a company\'s plan has a loan feature, you may be able to take a loan from your account and repay it. IRA assets can technically be withdrawn at any time. However, if you\'re under the age of 59½, your distribution will be considered taxable income, and it may be subject to a 10% penalty.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-79\"><strong>Management costs</strong>: You may need the services of a professional investment advisor to make sure asset allocations align with your retirement goals and objectives. If your employer provides those services as part of its employee benefits package, you won\'t incur an additional cost, however, this perk may not be available for an IRA unless an employer extends such services to assets outside of its employer-sponsored plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-81\"><strong>Tax deductions</strong>: Contributions to a 401(k) reduce taxable income as do contributions to a traditional IRA. Those employed by a company with a retirement plan are subject to income limits on how much of the contribution is deductible. Contributions to a Roth IRA are not tax deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>Beginning in 2025, the SECURE 2.0 Act of 2022 requires employers to automatically enroll eligible employees in new 401(k) plans with a participation amount of at least 3% but no more than 10%. The contribution escalates at the rate of 1% per year up to a minimum of 10% and a maximum of 15%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-85\">Contributing to Both a 401(k) and an IRA</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-86\">You can contribute to both a 401(k) and an IRA. For example, you could contribute up to the maximum employer matching amount for a 401(k) and then contribute to an IRA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-88\">You could also contribute to both a Roth IRA and a traditional IRA, but your total contributions to the two accounts combined cannot exceed the IRS maximum amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-90\">Setting Up a Backdoor Roth IRA</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-91\">High-income earners can’t contribute directly to a Roth IRA, but they can indirectly contribute to a backdoor Roth IRA. A traditional IRA doesn’t limit or prevent individuals with higher incomes from contributing. Here\'s how to set up a backdoor Roth IRA:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol id=\"mntl-sc-block_1-0-93\"><!-- wp:list-item -->\n<li><strong>Contribute to a traditional IRA</strong>: There are no income limits for making this contribution and it may already be after-tax money if your income exceeds the limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Immediately convert your traditional IRA to a Roth IRA</strong>: Ideally, do this before your traditional IRA contribution has generated any earnings that will have to be taxed when you do your conversion.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Follow the tax rules</strong>: If you took a deduction on your pre-tax contributions from your traditional IRA, you owe taxes when you convert them to a Roth IRA, which is funded with after-tax income.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-95\">If you cannot deduct your traditional IRA contribution in step 1, you won’t owe further taxes except on any earnings if your conversion happened after your contribution generated income. If you have other money in traditional IRAs, there is a pro-rata rule for taxes on a Roth IRA conversion.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-97\">If your employer permits traditional 401(k)s to be rolled over to either your company’s Roth 401(k) plan or to an outside IRA, you may be in a position to move a considerable amount of money into a Roth account where it can grow tax-free and provide tax-free distributions at retirement. This strategy requires sophisticated advice about what you might owe in taxes when you convert.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-99\">Time Horizon and Beneficiaries</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-100\">Your time horizon and age are factors when determining proper asset allocation. If you are at least 50, participating in a plan that includes a catch-up contribution feature can be an attractive choice, especially if you are behind in accumulating a retirement nest egg.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-102\">Though retirement accounts are usually intended to finance your retirement years, some people plan to leave these accounts to their beneficiaries. You will need to evaluate your tax-free or taxable assets and whether you want to avoid RMDs that will lower the balance in your accounts. For Roth IRAs, the RMD rules do not apply to the IRA owner, which allows for a larger balance to be left to beneficiaries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-104\">How Inflation Can Impact Your Nest Egg</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-105\">As you develop your retirement plan to build your nest egg, keep in mind the impact of inflation, or the increase in the cost of goods and services. Inflation can erode the value of your nest egg, but there are ways to prepare for it. For example, you can take inflation into account as you plan a budget and establish your income goals for retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: Treasury Inflation-Protected Securities (TIPS), high-yield bonds, and shorter-duration bonds are among the types of assets that can be resistant to inflation. Consult with a professional financial advisor to find the right asset allocation for your personal situation and goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-109\">You can also ensure your portfolio is well diversified. If the growth of your investments does not match the rate of inflation, you will essentially lose money. So, if your portfolio grows by an average of 4% per year, but inflation averages 5% per year, the value of your investments would actually decline in terms of how it can support you in retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-111\">The federal government uses inflation as a benchmark when deciding whether to raise Social Security benefits or whether to increase contribution limits to tax-advantaged retirement plans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Are the Best Options for Retirement Planning?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Individual retirement plans include traditional IRAs, Roth IRAs, and spousal IRAs. Anyone who earns income can open these on their own. The best employer-sponsored retirement plans include 401(k)s, 403(b)s, and 457(b)s.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Can I Contribute to My 401(k)?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The annual contribution limit to a 401(k) for 2023 is $22,500 in 2023. If you are 50 and over, you can contribute an additional $7,500. The contribution limits increased for 2024 to $23,000 with the same catch-up contribution.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is a Good Amount of Money for Retirement?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The appropriate amount of money considered \"good\" for retirement is based on your current lifestyle, desired lifestyle in retirement, obligations, and health. Some financial advisors recommend that your annual retirement income equal 80% of your last job\'s annual income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-119\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-120\">The best retirement plan to build your nest egg will depend on a number of factors, but generally plans that offer an employer match will provide the most growth. After you\'ve contributed up to an employer match, choosing the best options for your retirement funds can be challenging. Weigh the factors like fees and taxation and consider consulting a professional retirement planning advisor for more guidance on your specific financial situation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/retirement/08/best-plan.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','The Best Retirement Plans to Build Your Nest Egg','','inherit','closed','closed','','3695-revision-v1','','','2023-12-19 20:16:10','2023-12-19 20:16:10','',3695,'https://smartinsurance.tips/?p=3697',0,'revision','',0),(3698,1,'2023-12-19 20:30:00','2023-12-19 20:30:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3699,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/rsz_untitled_9.png\" alt=\"\" class=\"wp-image-3699\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>We’re staring down the holidays and with it, the all too dreaded post-holiday clean up… It seems like we all spend so much time looking forward to the holidays and planning the big events, family get-togethers, and various meals – but before we know it the fallout is here and we have to deal with the aftermath.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Well, that’s what we’re here to help with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We reached out to our team of professional house cleaners for all their best tips and tricks for managing the post-holiday clean-up as efficiently as possible so you can spend more time enjoying the holidays.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 1. Declutter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s inevitable. Clutter gets out of hand and takes over your home during the holiday season. However, in all fairness, a bit of a mess is expected. You’re having people over for family dinner, cooking and eating more than normal, buying presents for loved ones, sending over holiday cards, getting toys for the little ones, and it goes on.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Still, you don’t want this clutter situation to go on for too long and into the following year. That is why the first step in your post-holiday clean-up<strong>&nbsp;</strong>should be decluttering your house.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">A. Sort through Gifts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>No one likes to admit it, but we always receive presents that we don’t like or know we will never put to use.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Instead of accumulating objects around the house, go through your gifts and see which ones you want (or need) to keep. If it’s a piece of clothing you don’t fancy, set a date to go to the store and return or exchange it. If it’s a random item, you can donate it or re-gift it to someone who might enjoy it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Of course, you don’t want to hurt anyone’s feelings while doing this, so considering the sentimental value should always be present when sorting out your gifts.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">B. Save Wrapping Materials</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Studies have found that 25% of extra waste is created during the holiday season, most of which is from wrapping paper and shopping bags.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While it’s easier to toss everything in the trash, you’ll see that wrapping paper can be used more than once if it isn’t torn or too wrinkly. Go through the wrapping paper, bags, bows, and more, to see if you can save them for a future occasion.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you really do need to toss it, at least make sure it goes in the recycle pile!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">C. Recycle What You Can</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most of the holiday waste can be recycled. Glass and plastic bottles, aluminum beverage cans, torn wrapping paper, and plastic bags, all can be recycled. In most cities, there are local trash and recycling services. Contact them, ask how you should separate the waste, and take it to the recycling center if you don’t have a pick-up service.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">D. Collect Holiday Cards</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Last but not least, collect all the holiday cards you’ve received and store them properly. Ideally, you want to have a box where to store them. It can be a wooden box or even a shoe box. Just be sure to keep them all in one place and avoid having them scattered throughout different drawers in your home. You can also put special ones on the fridge or your bulletin board in your home office.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 2. Schedule Decor Take-Down</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The second step of your post-holiday clean-up is scheduling the decor removal. We all love decorating our house and can’t wait to start dressing the tree, hanging Christmas stockings, and putting on Christmas lights. However, the take-down doesn’t get the same enthusiasm from us. When to take decor down depends mainly on religion and traditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In case you can’t take decor down on the date that your traditions or religion stipulate, schedule it at a time that’s convenient for you, but don’t postpone it for too long (unless you’re Summit Maid’s founder, Jacob, who is known for leaving his decorations up FAR too long…).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 3. Properly Store Holiday Decorations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you’ve taken all the decorations down, you’ll be tempted to throw them all in a box and forget about it until next year. However, you’ll regret this decision when you find yourself untangling Christmas lights next year (or is that part of the tradition? It’s hard to tell…).&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Instead, you want to be mindful when storing decorations. So get some boxes and sort holiday decorations properly. This way you’ll see which ones are up for another use and also prevent them from breaking.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 4. Clean the Kitchen and Pantry</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The holidays equal cooking and eating lots (of great!) food, which is why your kitchen becomes the center of the action during the festive season. Once the holidays are over, you’ll have to give your kitchen a much-needed deep clean. Below you’ll find all the areas and items you need to focus on during your holiday home cleaning session. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">A. Clear out the Fridge</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You’ve baked pies; one friend brought dips, the other a delicious casserole; your mother made your favorite dessert… That’s how your fridge ends up overflowing with leftovers by the end of the holiday season. First, take everything out of your fridge and sort it out. Then, reassess the leftovers; freeze the food you can and throw away the one that has gone stale.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you’re done with the fridge, go over to your pantry and see if there are any ingredients you didn’t use and can be donated. Canned vegetables, dried pasta, kid snacks, and canned sauces are always welcomed at shelters. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">B. Clean Large &amp; Small Appliances</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Kitchen appliances are also used more than usual during the holiday season. Take your time and inspect each appliance to see which one needs a thorough post-holiday clean-up – these are some of the most forgotten places to be cleaned in your home. Then, grab a microfiber cloth, dampen it in a water and vinegar solution, and wipe the appliances down. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">C. Wipe Down Your Countertops</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Now that all the food is stored and appliances have had a solid post-holiday clean-up, you can grab a damp cloth, put a pea-sized amount of dish soap on the countertops, and wipe them down. Given countertops are high-touch surfaces, it’s a good idea to disinfect them. Grab the same cloth and go over them, but this time with a mix of bleach and water to eliminate bacteria.&nbsp;&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 5.&nbsp;<strong>Dust, Vacuum &amp; Mop the Floors</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You’ll finish your post-holiday clean-up by cleaning the floors. Start by removing dust, dirt, and crumbs from the floor. The easiest way to do this is with a vacuum.&nbsp; If you don’t have one, you can always return to the classic sweeping. Remember to find a broom that suits your floor type and always keep continuous contact with the surface. After you’ve removed all the dirt, you can mop your floor.&nbsp;&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 6.&nbsp;<strong>Prepare For The Rest Of Winter</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When the holiday season comes in, you need to get your house in shape&nbsp;<em>before</em>&nbsp;<em>and after&nbsp;</em>the celebrations. It’s exhausting, we know. However, it may be a great opportunity to go the extra mile, deep clean your house, and prepare it for the rest of the winter – you already have to clean after your guests leave the house, anyway.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, winter is a season that poses certain challenges; especially if you live in a very cold, snowy area, you want to ensure you prevent weather damage and related repairs. That’s why we have a guide filled with winter cleaning tips to help you out!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Too Much? Hire a Cleaning Service</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As much as we love the holiday season, it’s undeniable that it can leave us feeling quite exhausted. If cleaning your house is a bit too much, consider hiring a cleaning service. Cleaning companies will tackle every little nook, leaving your home ready to start this new year fresh. </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://summitmaids.com/post-holiday-clean-up-guide/\">click here.</a></p>\n<!-- /wp:paragraph -->','Post-Holiday Clean Up Guide From a Professional Cleaner','','publish','closed','closed','','post-holiday-clean-up-guide-from-a-professional-cleaner','','','2023-12-19 20:30:00','2023-12-19 20:30:00','',0,'https://smartinsurance.tips/?p=3698',0,'post','',0),(3699,1,'2023-12-19 20:19:23','2023-12-19 20:19:23','','rsz_untitled_9','','inherit','closed','closed','','rsz_untitled_9','','','2023-12-19 20:19:23','2023-12-19 20:19:23','',3698,'http://smartinsurance.tips/wp-content/uploads/2023/12/rsz_untitled_9.png',0,'attachment','image/png',0),(3700,1,'2023-12-19 20:30:00','2023-12-19 20:30:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3699,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/rsz_untitled_9.png\" alt=\"\" class=\"wp-image-3699\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>We’re staring down the holidays and with it, the all too dreaded post-holiday clean up… It seems like we all spend so much time looking forward to the holidays and planning the big events, family get-togethers, and various meals – but before we know it the fallout is here and we have to deal with the aftermath.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Well, that’s what we’re here to help with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We reached out to our team of professional house cleaners for all their best tips and tricks for managing the post-holiday clean-up as efficiently as possible so you can spend more time enjoying the holidays.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 1. Declutter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s inevitable. Clutter gets out of hand and takes over your home during the holiday season. However, in all fairness, a bit of a mess is expected. You’re having people over for family dinner, cooking and eating more than normal, buying presents for loved ones, sending over holiday cards, getting toys for the little ones, and it goes on.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Still, you don’t want this clutter situation to go on for too long and into the following year. That is why the first step in your post-holiday clean-up<strong>&nbsp;</strong>should be decluttering your house.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">A. Sort through Gifts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>No one likes to admit it, but we always receive presents that we don’t like or know we will never put to use.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Instead of accumulating objects around the house, go through your gifts and see which ones you want (or need) to keep. If it’s a piece of clothing you don’t fancy, set a date to go to the store and return or exchange it. If it’s a random item, you can donate it or re-gift it to someone who might enjoy it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Of course, you don’t want to hurt anyone’s feelings while doing this, so considering the sentimental value should always be present when sorting out your gifts.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">B. Save Wrapping Materials</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Studies have found that 25% of extra waste is created during the holiday season, most of which is from wrapping paper and shopping bags.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While it’s easier to toss everything in the trash, you’ll see that wrapping paper can be used more than once if it isn’t torn or too wrinkly. Go through the wrapping paper, bags, bows, and more, to see if you can save them for a future occasion.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you really do need to toss it, at least make sure it goes in the recycle pile!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">C. Recycle What You Can</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most of the holiday waste can be recycled. Glass and plastic bottles, aluminum beverage cans, torn wrapping paper, and plastic bags, all can be recycled. In most cities, there are local trash and recycling services. Contact them, ask how you should separate the waste, and take it to the recycling center if you don’t have a pick-up service.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">D. Collect Holiday Cards</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Last but not least, collect all the holiday cards you’ve received and store them properly. Ideally, you want to have a box where to store them. It can be a wooden box or even a shoe box. Just be sure to keep them all in one place and avoid having them scattered throughout different drawers in your home. You can also put special ones on the fridge or your bulletin board in your home office.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 2. Schedule Decor Take-Down</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The second step of your post-holiday clean-up is scheduling the decor removal. We all love decorating our house and can’t wait to start dressing the tree, hanging Christmas stockings, and putting on Christmas lights. However, the take-down doesn’t get the same enthusiasm from us. When to take decor down depends mainly on religion and traditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In case you can’t take decor down on the date that your traditions or religion stipulate, schedule it at a time that’s convenient for you, but don’t postpone it for too long (unless you’re Summit Maid’s founder, Jacob, who is known for leaving his decorations up FAR too long…).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 3. Properly Store Holiday Decorations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you’ve taken all the decorations down, you’ll be tempted to throw them all in a box and forget about it until next year. However, you’ll regret this decision when you find yourself untangling Christmas lights next year (or is that part of the tradition? It’s hard to tell…).&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Instead, you want to be mindful when storing decorations. So get some boxes and sort holiday decorations properly. This way you’ll see which ones are up for another use and also prevent them from breaking.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 4. Clean the Kitchen and Pantry</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The holidays equal cooking and eating lots (of great!) food, which is why your kitchen becomes the center of the action during the festive season. Once the holidays are over, you’ll have to give your kitchen a much-needed deep clean. Below you’ll find all the areas and items you need to focus on during your holiday home cleaning session. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">A. Clear out the Fridge</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You’ve baked pies; one friend brought dips, the other a delicious casserole; your mother made your favorite dessert… That’s how your fridge ends up overflowing with leftovers by the end of the holiday season. First, take everything out of your fridge and sort it out. Then, reassess the leftovers; freeze the food you can and throw away the one that has gone stale.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you’re done with the fridge, go over to your pantry and see if there are any ingredients you didn’t use and can be donated. Canned vegetables, dried pasta, kid snacks, and canned sauces are always welcomed at shelters. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">B. Clean Large &amp; Small Appliances</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Kitchen appliances are also used more than usual during the holiday season. Take your time and inspect each appliance to see which one needs a thorough post-holiday clean-up – these are some of the most forgotten places to be cleaned in your home. Then, grab a microfiber cloth, dampen it in a water and vinegar solution, and wipe the appliances down. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">C. Wipe Down Your Countertops</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Now that all the food is stored and appliances have had a solid post-holiday clean-up, you can grab a damp cloth, put a pea-sized amount of dish soap on the countertops, and wipe them down. Given countertops are high-touch surfaces, it’s a good idea to disinfect them. Grab the same cloth and go over them, but this time with a mix of bleach and water to eliminate bacteria.&nbsp;&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 5.&nbsp;<strong>Dust, Vacuum &amp; Mop the Floors</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You’ll finish your post-holiday clean-up by cleaning the floors. Start by removing dust, dirt, and crumbs from the floor. The easiest way to do this is with a vacuum.&nbsp; If you don’t have one, you can always return to the classic sweeping. Remember to find a broom that suits your floor type and always keep continuous contact with the surface. After you’ve removed all the dirt, you can mop your floor.&nbsp;&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Step 6.&nbsp;<strong>Prepare For The Rest Of Winter</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When the holiday season comes in, you need to get your house in shape&nbsp;<em>before</em>&nbsp;<em>and after&nbsp;</em>the celebrations. It’s exhausting, we know. However, it may be a great opportunity to go the extra mile, deep clean your house, and prepare it for the rest of the winter – you already have to clean after your guests leave the house, anyway.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, winter is a season that poses certain challenges; especially if you live in a very cold, snowy area, you want to ensure you prevent weather damage and related repairs. That’s why we have a guide filled with winter cleaning tips to help you out!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Too Much? Hire a Cleaning Service</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As much as we love the holiday season, it’s undeniable that it can leave us feeling quite exhausted. If cleaning your house is a bit too much, consider hiring a cleaning service. Cleaning companies will tackle every little nook, leaving your home ready to start this new year fresh. </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://summitmaids.com/post-holiday-clean-up-guide/\">click here.</a></p>\n<!-- /wp:paragraph -->','Post-Holiday Clean Up Guide From a Professional Cleaner','','inherit','closed','closed','','3698-revision-v1','','','2023-12-19 20:30:00','2023-12-19 20:30:00','',3698,'https://smartinsurance.tips/?p=3700',0,'revision','',0),(3701,1,'2023-12-19 23:14:33','2023-12-19 23:14:33','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3702,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-10-1024x1024.png\" alt=\"\" class=\"wp-image-3702\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Preparing for unforeseen circumstances in the unpredictable to protect your business world is not just prudent; it’s a necessity. Your business is susceptible to many risks, ranging from natural disasters like earthquakes or floods that can devastate your physical infrastructure to economic downturns that can threaten your financial stability. Moreover, cyberattacks have become an ever-present menace lurking in the digital shadows. These threats, combined with the ever-evolving legal and regulatory landscape, make it paramount to fortify your business against the unexpected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Risk Assessment</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You must begin with a thorough risk assessment to safeguard your business effectively. This process involves identifying potential risks, both external and internal, that could jeopardize your operations. The spectrum of risks is broad, encompassing the capriciousness of Mother Nature, economic fluctuations that can disrupt markets and consumer spending, and the insidious nature of cyber threats that can compromise your data integrity. Prioritizing these risks based on their potential impact and likelihood of occurrence is crucial. It allows you to allocate resources and develop mitigation strategies that cater to the most pressing threats.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Historical Data and Industry Trends</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the most reliable guides for navigating the future is history itself. Historical data and industry trends can serve as your compass through uncharted waters. By examining past incidents and analyzing industry patterns, you can gain valuable insights into what might lie on the horizon. For instance, studying how your industry weathered previous economic downturns can inform your financial preparedness strategy. Moreover, historical data can help you identify recurring issues within your own business, enabling you to address vulnerabilities before they escalate into crises.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Insurance Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance is your business’s safety net, ready to catch you when unforeseen circumstances threaten to knock you off your feet. There are various types of business insurance, each designed to shield you from specific risks. Commercial property insurance coverage, for instance, safeguards your physical assets, while liability insurance protects you from legal claims and financial liabilities. Business interruption insurance can be a lifesaver when your operations are disrupted, ensuring you don’t suffer catastrophic losses. Regularly reviewing and updating your insurance policies is essential. Your insurance needs may change as your business evolves, and failing to adapt your coverage can expose you to unexpected risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Business Continuity Planning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Business continuity planning is your business’s superhero cape in the face of adversity. It’s more than just a contingency plan; it’s your playbook for survival. A well-crafted business continuity plan outlines how your business will operate during and after a crisis, ensuring critical functions can continue even when chaos reigns. Effective communication is the linchpin of business continuity. It involves clear lines of communication within your team, with your customers, and with your suppliers. Without it, even the most well-prepared plan can falter in a crisis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Financial Preparedness</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Financial preparedness is akin to the sturdy foundation upon which your business is built. One of the cornerstones of financial readiness is having emergency funds at your disposal. These funds act as a financial cushion, protecting you from the immediate impact of unexpected expenses or revenue dips. Additionally, having access to lines of credit or business loans can provide vital financial support when your cash flow is strained. Diversifying your revenue streams is another pillar of financial resilience. Relying solely on one source of income can be precarious; by diversifying, you reduce your vulnerability to economic downturns or shifts in consumer preferences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Cybersecurity Measures</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In our increasingly digital age, safeguarding your digital fortress is as critical as protecting your physical assets. Your business’s data is its lifeblood, and proper data protection is non-negotiable. Implementing robust data encryption protocols and regular backups ensures your vital information remains secure. However, cybersecurity isn’t solely a technical matter; your employees are your first line of defense. Educating your team about phishing awareness and sound password management practices is essential. Moreover, establishing and enforcing IT security policies ensures that your digital defenses remain resilient in the face of cyber threats.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Supply Chain Risk Management</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your supply chain is the circulatory system of your business, carrying the essential components that keep your operations healthy. However, it’s vulnerable to disruptions, whether from supplier issues, transportation delays, or unforeseen natural disasters. Supplier diversification is a strategic approach that minimizes your risk exposure. By spreading your supply sources across multiple vendors, you’re likely to be able to handle the failure of a single supplier. Moreover, having a contingency plan for supply chain disruptions can mean the difference between maintaining your operations and grinding to a halt. It’s about having a backup strategy to navigate through unexpected hurdles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Legal and Regulatory Compliance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The legal and regulatory landscape is constantly changing, making it challenging to navigate. To avoid legal pitfalls and protect your business, it’s crucial to stay informed about changing laws that may affect your industry. Regularly updating your knowledge of compliance requirements and conducting compliance audits can help you identify and address potential legal issues before they escalate into full-blown crises. Engaging legal experts to review and ensure the airtightness of your contracts and agreements provides an additional layer of protection. These legal anchors guide you safely through the turbulent waters of the legal realm.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Employee Well-Being</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your employees are the backbone of your business, and their well-being is essential to its resilience. Ensuring a safe working environment is paramount. Not only does it protect your team, but it also mitigates the risk of workplace incidents that can disrupt your operations. Offering competitive benefits is another facet of employee care. It helps attract and retain top talent, strengthening your business’s ability to weather storms. Cross-training employees ensures that your business can continue operating smoothly, even without key personnel. It’s like having a backup crew ready to step in when needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Building Trust</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A strong reputation and active community engagement can be your business’s lifeline during challenging times. Building trust takes time and involves several strategies. Cultivating a positive brand image in the eyes of your community is paramount. Engaging in corporate social responsibility (CSR) initiatives demonstrates your commitment to giving back to the community that supports your business. Moreover, having a crisis communication plan in place is crucial. It ensures that you can effectively manage and mitigate any crisis that might tarnish your reputation. It’s about weathering the storm while preserving your brand’s integrity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Takeaway</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In conclusion, protecting your business against unforeseen circumstances is an ongoing journey. By conducting a comprehensive risk assessment, securing the right insurance coverage, implementing robust business continuity planning and financial preparedness, and fortifying your cybersecurity measures, you’re building a resilient fortress for your business. Ensuring supply chain risk management, staying on top of legal and regulatory compliance and prioritizing employee well-being further strengthen your business’s ability to withstand adversity. Active community engagement and reputation management cement your business’s place in the hearts of your customers and community. Remember that resilience is not a destination but a continuous process. Stay vigilant, stay prepared, and may your business not only weather the storms but emerge stronger and more resilient than ever. If you have more questions or need guidance, don’t hesitate to reach out. After all, even seasoned sailors seek advice when charting uncharted waters.</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-protect-your-business-against-unforeseen-circumstances/\">click here.</a></p>\n<!-- /wp:paragraph -->','How To Protect Your Business Against Unforeseen Circumstances','','publish','closed','closed','','how-to-protect-your-business-against-unforeseen-circumstances-2','','','2023-12-19 23:14:33','2023-12-19 23:14:33','',0,'https://smartinsurance.tips/?p=3701',0,'post','',0),(3702,1,'2023-12-19 23:12:55','2023-12-19 23:12:55','','Untitled-10','','inherit','closed','closed','','untitled-10','','','2023-12-19 23:12:55','2023-12-19 23:12:55','',3701,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-10.png',0,'attachment','image/png',0),(3703,1,'2023-12-19 23:14:33','2023-12-19 23:14:33','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3702,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-10-1024x1024.png\" alt=\"\" class=\"wp-image-3702\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Preparing for unforeseen circumstances in the unpredictable to protect your business world is not just prudent; it’s a necessity. Your business is susceptible to many risks, ranging from natural disasters like earthquakes or floods that can devastate your physical infrastructure to economic downturns that can threaten your financial stability. Moreover, cyberattacks have become an ever-present menace lurking in the digital shadows. These threats, combined with the ever-evolving legal and regulatory landscape, make it paramount to fortify your business against the unexpected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Risk Assessment</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You must begin with a thorough risk assessment to safeguard your business effectively. This process involves identifying potential risks, both external and internal, that could jeopardize your operations. The spectrum of risks is broad, encompassing the capriciousness of Mother Nature, economic fluctuations that can disrupt markets and consumer spending, and the insidious nature of cyber threats that can compromise your data integrity. Prioritizing these risks based on their potential impact and likelihood of occurrence is crucial. It allows you to allocate resources and develop mitigation strategies that cater to the most pressing threats.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Historical Data and Industry Trends</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the most reliable guides for navigating the future is history itself. Historical data and industry trends can serve as your compass through uncharted waters. By examining past incidents and analyzing industry patterns, you can gain valuable insights into what might lie on the horizon. For instance, studying how your industry weathered previous economic downturns can inform your financial preparedness strategy. Moreover, historical data can help you identify recurring issues within your own business, enabling you to address vulnerabilities before they escalate into crises.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Insurance Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance is your business’s safety net, ready to catch you when unforeseen circumstances threaten to knock you off your feet. There are various types of business insurance, each designed to shield you from specific risks. Commercial property insurance coverage, for instance, safeguards your physical assets, while liability insurance protects you from legal claims and financial liabilities. Business interruption insurance can be a lifesaver when your operations are disrupted, ensuring you don’t suffer catastrophic losses. Regularly reviewing and updating your insurance policies is essential. Your insurance needs may change as your business evolves, and failing to adapt your coverage can expose you to unexpected risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Business Continuity Planning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Business continuity planning is your business’s superhero cape in the face of adversity. It’s more than just a contingency plan; it’s your playbook for survival. A well-crafted business continuity plan outlines how your business will operate during and after a crisis, ensuring critical functions can continue even when chaos reigns. Effective communication is the linchpin of business continuity. It involves clear lines of communication within your team, with your customers, and with your suppliers. Without it, even the most well-prepared plan can falter in a crisis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Financial Preparedness</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Financial preparedness is akin to the sturdy foundation upon which your business is built. One of the cornerstones of financial readiness is having emergency funds at your disposal. These funds act as a financial cushion, protecting you from the immediate impact of unexpected expenses or revenue dips. Additionally, having access to lines of credit or business loans can provide vital financial support when your cash flow is strained. Diversifying your revenue streams is another pillar of financial resilience. Relying solely on one source of income can be precarious; by diversifying, you reduce your vulnerability to economic downturns or shifts in consumer preferences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Cybersecurity Measures</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In our increasingly digital age, safeguarding your digital fortress is as critical as protecting your physical assets. Your business’s data is its lifeblood, and proper data protection is non-negotiable. Implementing robust data encryption protocols and regular backups ensures your vital information remains secure. However, cybersecurity isn’t solely a technical matter; your employees are your first line of defense. Educating your team about phishing awareness and sound password management practices is essential. Moreover, establishing and enforcing IT security policies ensures that your digital defenses remain resilient in the face of cyber threats.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Supply Chain Risk Management</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your supply chain is the circulatory system of your business, carrying the essential components that keep your operations healthy. However, it’s vulnerable to disruptions, whether from supplier issues, transportation delays, or unforeseen natural disasters. Supplier diversification is a strategic approach that minimizes your risk exposure. By spreading your supply sources across multiple vendors, you’re likely to be able to handle the failure of a single supplier. Moreover, having a contingency plan for supply chain disruptions can mean the difference between maintaining your operations and grinding to a halt. It’s about having a backup strategy to navigate through unexpected hurdles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Legal and Regulatory Compliance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The legal and regulatory landscape is constantly changing, making it challenging to navigate. To avoid legal pitfalls and protect your business, it’s crucial to stay informed about changing laws that may affect your industry. Regularly updating your knowledge of compliance requirements and conducting compliance audits can help you identify and address potential legal issues before they escalate into full-blown crises. Engaging legal experts to review and ensure the airtightness of your contracts and agreements provides an additional layer of protection. These legal anchors guide you safely through the turbulent waters of the legal realm.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Employee Well-Being</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your employees are the backbone of your business, and their well-being is essential to its resilience. Ensuring a safe working environment is paramount. Not only does it protect your team, but it also mitigates the risk of workplace incidents that can disrupt your operations. Offering competitive benefits is another facet of employee care. It helps attract and retain top talent, strengthening your business’s ability to weather storms. Cross-training employees ensures that your business can continue operating smoothly, even without key personnel. It’s like having a backup crew ready to step in when needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Building Trust</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A strong reputation and active community engagement can be your business’s lifeline during challenging times. Building trust takes time and involves several strategies. Cultivating a positive brand image in the eyes of your community is paramount. Engaging in corporate social responsibility (CSR) initiatives demonstrates your commitment to giving back to the community that supports your business. Moreover, having a crisis communication plan in place is crucial. It ensures that you can effectively manage and mitigate any crisis that might tarnish your reputation. It’s about weathering the storm while preserving your brand’s integrity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Takeaway</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In conclusion, protecting your business against unforeseen circumstances is an ongoing journey. By conducting a comprehensive risk assessment, securing the right insurance coverage, implementing robust business continuity planning and financial preparedness, and fortifying your cybersecurity measures, you’re building a resilient fortress for your business. Ensuring supply chain risk management, staying on top of legal and regulatory compliance and prioritizing employee well-being further strengthen your business’s ability to withstand adversity. Active community engagement and reputation management cement your business’s place in the hearts of your customers and community. Remember that resilience is not a destination but a continuous process. Stay vigilant, stay prepared, and may your business not only weather the storms but emerge stronger and more resilient than ever. If you have more questions or need guidance, don’t hesitate to reach out. After all, even seasoned sailors seek advice when charting uncharted waters.</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-protect-your-business-against-unforeseen-circumstances/\">click here.</a></p>\n<!-- /wp:paragraph -->','How To Protect Your Business Against Unforeseen Circumstances','','inherit','closed','closed','','3701-revision-v1','','','2023-12-19 23:14:33','2023-12-19 23:14:33','',3701,'https://smartinsurance.tips/?p=3703',0,'revision','',0),(3704,1,'2023-12-19 23:20:32','2023-12-19 23:20:32','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3706,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-11-1024x1024.png\" alt=\"\" class=\"wp-image-3706\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Employees, children and organizations are increasingly going online to work, learn and run their businesses. The more they\'re online, though, the greater the chance of a scammer trying to trick them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Phishing is a form of social engineering, Cybercriminals use email, social media or malicious websites to pose as a trustworthy organization or person and solicit personal information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, an attacker might send an email that seems to come from a reputable credit card company or financial institution. The attacker requests the user\'s account information and often suggests that there is a problem. When the user replies with the requested information, attackers can use it to access their accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Phishing attacks might also appear to come from other organizations, such as charities. Attackers often take advantage of current events and certain times of the year, such as</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Natural disasters (e.g., hurricanes, tornadoes or earthquakes)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Epidemics and health scares</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Economic concerns (e.g., IRS scams)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Major political elections and crises</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Holidays</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Types of Phishing</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Email Phishing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most phishing attacks use email. A scammer registers a fake domain or website name that mimics a real organization and then sends out thousands of generic requests.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, a scammer might email or text messages like these:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>\"We suspect an unauthorized transaction on your account. To ensure that your account is not compromised, please click the link below and confirm your identity.\"</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\"During our regular verification of accounts, we couldn\'t verify your information. Please click here to update and verify your information.\"</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\"Our records indicate that your account was overcharged. You must call us within 7 days to receive your refund.\"</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>The fake website name often replaces one letter with another. For example, \"r\" and \"n\" might be put together to make \"rn,\" which looks like \"m.\" Phishing attacks might also use an organization’s name in a fake address (e.g., paypal@domainregistrar.com), so that a legitimate sender’s name (e.g., PayPal) appears in the recipient’s inbox. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Spear Phishing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Spear phishing is when a cybercriminal sends a harmful email to a specific person that includes personal information to better trick them. That information might include the person\'s:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Name</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>School or employer&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Grade level or job title&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Email address&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Details about their school or job role</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Smishing &amp; Vishing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In smishing, scammers send text messages. Vishing involves telephone calls. In both, like in email phishing, scammers try to trick the recipient into clicking on a link or attachment or sharing personal information.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Angler Phishing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Angler phishing involves using social media to trick people into giving up sensitive information or downloading malware.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Scammers might use fake URLs, instant messaging and cloned websites, as well as posts and tweets. Highly targeted attacks might also be based on information that people willingly post on social media. That information includes geotagging, names, birthdays and vacations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Simple Tips</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When in doubt, throw it out. Links in emails and online posts are often the way cybercriminals compromise your computer. If it looks suspicious – even if you know the source – it’s best to delete or, if appropriate, mark it as “junk email.” Contact the company directly (via phone) to be sure the email is not legitimate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Think before you act.</strong>&nbsp;Be wary of communications that implore you to act immediately, offer something that sounds too good to be true or ask for personal or financial information.&nbsp;Always check URLs and email addresses if you’re asked to click a link or download an attachment.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Use stronger authentication.&nbsp;</strong>Always opt to enable stronger authentication when available, especially for accounts with sensitive information, including your email or bank accounts. A stronger authentication helps verify a user has authorized access to an online account. For example, it could be a one-time PIN texted to a mobile device, providing an added layer of security beyond the password and username.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Make passwords long and strong.</strong>&nbsp;Combine capital and lowercase letters with numbers and symbols to create a more secure password.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Install and update anti-virus software.</strong>&nbsp;Make sure all of your computers are equipped with regularly updated antivirus software, firewalls, email filters and anti-spyware.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Be wary of hyperlinks.&nbsp;</strong>Avoid clicking on hyperlinks in emails. Instead, type the URL directly into the address bar instead. If you choose to click on a link, make sure it is authentic before clicking on it. You can check a hyperlinked word or URL by hovering the cursor over it to reveal the full address.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What to Do If You Think You’re a Victim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Report it.&nbsp;</strong>If you believe you might have revealed sensitive information about your organization, report it to the appropriate people within the organization, including network administrators. They can be alert for any suspicious or unusual activity.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Watch for changes to your accounts.&nbsp;</strong>If you believe your financial accounts may be compromised, contact your financial institution immediately and close any accounts that may have been compromised. Watch for any unexplainable charges to your account.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Change your passwords.</strong>&nbsp;Immediately change any passwords you might have revealed. If you used the same password for multiple resources, make sure to change it for each account, and do not use that password in the future.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Watch for other signs of identity theft. </strong>These signs could include but are not limited to: unusual or unexplainable charges on your bills; phone calls or bills for accounts; products or services that you do not have; new, strange accounts appearing on your credit report; or unexpected denial of your credit card.</li>\n<!-- /wp:list-item --></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://it.nc.gov/resources/online-safety-privacy/tips-guidance/avoiding-phishing-attacks\">click here.</a></p>\n<!-- /wp:paragraph -->','Avoiding Phishing Attacks','','publish','closed','closed','','avoiding-phishing-attacks','','','2023-12-19 23:20:32','2023-12-19 23:20:32','',0,'https://smartinsurance.tips/?p=3704',0,'post','',0),(3705,1,'2023-12-19 23:19:21','2023-12-19 23:19:21','','Untitled-10-1','','inherit','closed','closed','','untitled-10-1','','','2023-12-19 23:19:21','2023-12-19 23:19:21','',3704,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-10-1.png',0,'attachment','image/png',0),(3706,1,'2023-12-19 23:19:40','2023-12-19 23:19:40','','Untitled-11','','inherit','closed','closed','','untitled-11','','','2023-12-19 23:19:40','2023-12-19 23:19:40','',3704,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-11.png',0,'attachment','image/png',0),(3707,1,'2023-12-19 23:20:32','2023-12-19 23:20:32','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3706,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-11-1024x1024.png\" alt=\"\" class=\"wp-image-3706\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Employees, children and organizations are increasingly going online to work, learn and run their businesses. The more they\'re online, though, the greater the chance of a scammer trying to trick them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Phishing is a form of social engineering, Cybercriminals use email, social media or malicious websites to pose as a trustworthy organization or person and solicit personal information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, an attacker might send an email that seems to come from a reputable credit card company or financial institution. The attacker requests the user\'s account information and often suggests that there is a problem. When the user replies with the requested information, attackers can use it to access their accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Phishing attacks might also appear to come from other organizations, such as charities. Attackers often take advantage of current events and certain times of the year, such as</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Natural disasters (e.g., hurricanes, tornadoes or earthquakes)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Epidemics and health scares</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Economic concerns (e.g., IRS scams)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Major political elections and crises</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Holidays</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Types of Phishing</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Email Phishing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most phishing attacks use email. A scammer registers a fake domain or website name that mimics a real organization and then sends out thousands of generic requests.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, a scammer might email or text messages like these:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>\"We suspect an unauthorized transaction on your account. To ensure that your account is not compromised, please click the link below and confirm your identity.\"</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\"During our regular verification of accounts, we couldn\'t verify your information. Please click here to update and verify your information.\"</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\"Our records indicate that your account was overcharged. You must call us within 7 days to receive your refund.\"</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>The fake website name often replaces one letter with another. For example, \"r\" and \"n\" might be put together to make \"rn,\" which looks like \"m.\" Phishing attacks might also use an organization’s name in a fake address (e.g., paypal@domainregistrar.com), so that a legitimate sender’s name (e.g., PayPal) appears in the recipient’s inbox. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Spear Phishing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Spear phishing is when a cybercriminal sends a harmful email to a specific person that includes personal information to better trick them. That information might include the person\'s:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Name</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>School or employer&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Grade level or job title&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Email address&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Details about their school or job role</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Smishing &amp; Vishing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In smishing, scammers send text messages. Vishing involves telephone calls. In both, like in email phishing, scammers try to trick the recipient into clicking on a link or attachment or sharing personal information.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Angler Phishing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Angler phishing involves using social media to trick people into giving up sensitive information or downloading malware.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Scammers might use fake URLs, instant messaging and cloned websites, as well as posts and tweets. Highly targeted attacks might also be based on information that people willingly post on social media. That information includes geotagging, names, birthdays and vacations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Simple Tips</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When in doubt, throw it out. Links in emails and online posts are often the way cybercriminals compromise your computer. If it looks suspicious – even if you know the source – it’s best to delete or, if appropriate, mark it as “junk email.” Contact the company directly (via phone) to be sure the email is not legitimate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Think before you act.</strong>&nbsp;Be wary of communications that implore you to act immediately, offer something that sounds too good to be true or ask for personal or financial information.&nbsp;Always check URLs and email addresses if you’re asked to click a link or download an attachment.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Use stronger authentication.&nbsp;</strong>Always opt to enable stronger authentication when available, especially for accounts with sensitive information, including your email or bank accounts. A stronger authentication helps verify a user has authorized access to an online account. For example, it could be a one-time PIN texted to a mobile device, providing an added layer of security beyond the password and username.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Make passwords long and strong.</strong>&nbsp;Combine capital and lowercase letters with numbers and symbols to create a more secure password.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Install and update anti-virus software.</strong>&nbsp;Make sure all of your computers are equipped with regularly updated antivirus software, firewalls, email filters and anti-spyware.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Be wary of hyperlinks.&nbsp;</strong>Avoid clicking on hyperlinks in emails. Instead, type the URL directly into the address bar instead. If you choose to click on a link, make sure it is authentic before clicking on it. You can check a hyperlinked word or URL by hovering the cursor over it to reveal the full address.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What to Do If You Think You’re a Victim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Report it.&nbsp;</strong>If you believe you might have revealed sensitive information about your organization, report it to the appropriate people within the organization, including network administrators. They can be alert for any suspicious or unusual activity.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Watch for changes to your accounts.&nbsp;</strong>If you believe your financial accounts may be compromised, contact your financial institution immediately and close any accounts that may have been compromised. Watch for any unexplainable charges to your account.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Change your passwords.</strong>&nbsp;Immediately change any passwords you might have revealed. If you used the same password for multiple resources, make sure to change it for each account, and do not use that password in the future.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Watch for other signs of identity theft. </strong>These signs could include but are not limited to: unusual or unexplainable charges on your bills; phone calls or bills for accounts; products or services that you do not have; new, strange accounts appearing on your credit report; or unexpected denial of your credit card.</li>\n<!-- /wp:list-item --></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://it.nc.gov/resources/online-safety-privacy/tips-guidance/avoiding-phishing-attacks\">click here.</a></p>\n<!-- /wp:paragraph -->','Avoiding Phishing Attacks','','inherit','closed','closed','','3704-revision-v1','','','2023-12-19 23:20:32','2023-12-19 23:20:32','',3704,'https://smartinsurance.tips/?p=3707',0,'revision','',0),(3708,1,'2023-12-19 23:33:57','2023-12-19 23:33:57','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3709,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/rsz_untitled_12.png\" alt=\"\" class=\"wp-image-3709\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>We all want to be thought of as good employees, but if we really want to fulfill our career aspirations, then we need to push ourselves to be the best that we can be!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After all, if we only do the minimum required of us, we probably won\'t get very far. So, if you\'ve set your sights on world domination (or perhaps just that promotion you\'ve always wanted), use these 18 tips to make it a reality.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Be the Best People Person</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>People skills are one of the most sought-after competencies valued by employers. When you work well with others, it improves productivity, creativity and job satisfaction. So, let\'s kick-start our top tips list by looking at what you can do to become a better people person.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">1. Be a Great Communicator</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Being able to communicate well – in person and in writing – is an essential skill in most workplaces. But, it\'s also one that is often forgotten about. In fact, a study from the National Commission on Writing reveals that blue-chip companies spend as much as $3.1 billion on writing training.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The ability to express yourself eloquently can mean the difference between getting noticed and being overlooked. Write a bad email and all anyone will remember is your poor grammar. But write one that is clear, concise and interesting, and you\'ll likely find that people will respond to your message quickly and positively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">2. Nurture Your Work Relationships</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>People skills are as important in the workplace as technical ability. These kinds of \"interpersonal skills\" can help you to collaborate, communicate, manage conflict, motivate, increase productivity, solve problems, and network.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you have good working relationships you\'ll likely be more happy and engaged at work, too. In fact, a 2023 study revealed that positive workplace relationships can help you to avoid burnout, exhaustion and even loneliness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">3. Listen!</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It can be all too easy to \"tune out\" sometimes. Whether you\'re really focused and \"in flow,\" or you\'re easily distracted by emails and other minor tasks, maybe you just aren\'t paying enough attention to the person who\'s talking to you. Whatever the case, you\'re not alone. It seems that most of us aren\'t great listeners. Indeed, research suggests that we remember between just 25 percent and 50 percent of what we hear!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But listening is vital if you want to succeed at work. It can help you to take in information, learn from others, build relationships, and take direction. Active listening is one of the ways you can improve your ability to listen. It involves making a <strong>conscious</strong> effort to hear not only the words someone is saying, but the key messages that they are trying to express.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">4. Know How to Work With Your Boss</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you\'re lucky, you\'ll have a boss that you respect, like and admire. If you\'re not so lucky, however, you may have one who, for whatever reason, you just don\'t \"click\" with. If this happens, it can have a significant impact on your happiness and your productivity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ultimately, the onus is on you to make the relationship work. Your boss will likely have several other people to manage, so their relationship with you may not always be at the top of their list. But it should be at the top of yours! Find out more about their preferred management style. Then, adapt your own working style to suit it. Do they like to receive information in person, or prefer email? How do they tend to handle bad news? Do they like to micromanage people or are they happy to delegate tasks?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Be the Best at Taking Initiative</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you take the initiative, you take control of your career. This might be as simple as learning to organize your workload effectively. Or, it could be more complex – for example, seeking out new opportunities and understanding the purpose behind the work you do. Here are some tips for doing this:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">5. Prioritize<strong>&nbsp;</strong>Your Goals</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>With so many demands on your time, it\'s easy to get distracted and lose sight of your main goals. Start each day by prioritizing your To-Do List, and focusing your attention on the top three items. This will help you to manage your time effectively, and to concentrate on the objectives that matter the most. And, if you\'re really swamped, don\'t be afraid to ask for help, to delegate tasks, or even to<a rel=\"noreferrer noopener\" href=\"https://www.mindtools.com/asngpui/yes-to-the-person-no-to-the-task-video\" target=\"_blank\"> say \"no\"</a> sometimes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">6. Challenge Yourself</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Feeling comfortable and confident in a job likely means that you\'re doing it well. But, if you\'re finding it all too easy, you may begin to feel bored and unfulfilled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Sure, you could carry on and \"coast\" your way through. But this probably isn\'t going to get you very far in the long term. Instead, stay challenged by setting yourself some new goals. Learn a new skill, go on a training course, or ask your boss for more responsibility. Not only will you be pegged as a \"self starter,\" you\'ll also get the chance to broaden your skills, and to engage in new ways of thinking. It may even open up opportunities to work on different projects and with different people.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">7. Get out of Your \"Comfort Zone\"</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Stepping outside of your comfort zone is – unsurprisingly – uncomfortable! You might feel exposed, or worry that you\'ll look stupid. However, if you avoid taking opportunities when they present themselves, you\'ll never know just how far you can go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Yes, doing something new can be scary. It might also mean more pressure and more work. But, it can also push you to perform better. It can make you more resilient, give you the flexibility to take risks and cope with unexpected problems, and help you to overcome fear of failure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Doing something you\'ve never done before can be scary, but can also present new opportunities for learning and progression.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">8. Remember the Bigger Picture</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do you know <strong>why</strong> you do the work that you do? What\'s its purpose? Why is it meaningful to you? And how does it help the business to achieve <strong>its</strong> goals?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Understanding how the work that you do benefits your organization can improve your performance. It adds purpose to your work, helps you to prioritize your tasks more effectively, and enables you to identify tasks or areas of the business that can be made more efficient.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">9. Build Expertise and Share It!</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having a specialized skill or excelling in a particular task can put you \"in demand.\" Even more so if you have deep knowledge of a subject that is highly sought after – for instance, analytical thinking, creative thinking or resilience.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Being the \"go-to\" person for a particular task or topic can enhance your reputation and allow you to help others. It can also lead to opportunities to work on high-profile tasks, and may even result in promotion. But remember that building expertise takes dedication and resolve. So, be prepared to put the time in!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">10. Know Your Stuff</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Rapid advances in technology, along with global political and financial developments, mean that change is fast-paced and unpredictable. And, if you don\'t make an effort to keep up with these changes, it can result in missed opportunities or getting left behind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Combat this by making it a priority to stay up-to-date with your industry. Join a trade organization, attend trade shows or conferences, read blogs, and connect with industry leaders and colleagues on social media sites like LinkedIn or Twitter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">11. Set Aside Time for \"Deep Work\"</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We live in an age of distractions. Email, social media, instant messaging, office politics, unnecessary meetings… even the weather! All of these things can cause you to lose focus on the tasks that really matter. In fact, some studies suggest that knowledge workers lose up to three hours a day because of distractions. And this can cost businesses 14 to 15 times more than absenteeism due to health-related issues.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Setting aside time for \"deep work\" can help you build expertise.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>WhatsApp messages that you\'ve just received. But, if you really want to produce quality work, you and your phone will need to part ways (temporarily at least). This is where \"deep work\" can help. It involves pushing distractions to one side, and giving yourself the time and space to really focus on challenging and complicated tasks. This has a number of benefits. For example, it can help you to build expertise and knowledge, and give you a greater sense of fulfillment and achievement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">12. Make Mistakes (and Learn From Them<strong>)</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We\'ve all had that sudden sinking feeling when we realize that we\'ve made a mistake. But it\'s how you handle these \"bloopers\" that really matters. Do you, for instance, tend to \"run for the hills\" and hope that no one notices? Pass the blame onto someone else? Or, do you \"fess up\" and do your best to remedy the situation?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It can be hard to swallow your pride and take ownership of the mistakes that you make. But, it is only by doing this that you will ultimately learn from them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Part of learning is knowing when we\'ve made a mistake and what we can do to fix it or make things better in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">13. Ask for Feedback and Use It!</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It can be difficult to hear criticism, particularly when it\'s unexpected. But, if you don\'t get any feedback at all, you may begin to wonder whether your work is valued or even noticed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Why not take the initiative? Ask for feedback from managers and colleagues. Not only will you be seen as a proactive member of the team, but the advice and insight that they provide will likely help you to improve your performance, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">14. Protect Your Professional Reputation</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your reputation is what you\'re known for. It encompasses your personality, your skills, your values, and your temperament.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It can take time and effort to build up a good reputation, but just moments to destroy it. This means that you need to put the work in if you want to protect and maintain it. Do this by carrying out a personal SWOT analysis to assess your skills, and to create a plan for developing the professional traits and abilities that you want to be known for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">15. Develop Leadership Skills</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the major \"pain points\" for businesses is the lack of leadership skills among their employees – even those who are in senior or highly technical roles. Research shows that the best and most successful leaders are those who encourage learning and listen to feedback and ideas. And that this, in turn, can help teams to become more resilient and effective.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, if you\'ve set your sights on a promotion, why wait? Start preparing today by broadening your skill set to include listening, empathy, problem solving, and negotiation. And acquaint yourself with different leadership styles, such as Transformational Leadership, Action Centered Leadership and Adaptive Leadership.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">16. Get Yourself Noticed</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Have you ever completed a piece of work that you were really proud of, only for it to go unnoticed?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Feeling as though your work isn\'t valued or even acknowledged can be deeply demoralizing and frustrating. But, there are ways you can improve your visibility at work. Building a strong network of allies, for instance, can help, as can tracking your accomplishments, taking on additional responsibilities, or finding a mentor or coach whom you respect and who can help you develop your skills and career.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">17. Learn How to Cope With Stress</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It can be easy to get caught up in negative thoughts sometimes, particularly if you\'ve made a mistake, received some poor feedback, or work in a high-pressure job. But, real problems can occur if you allow these thoughts to take over, such as low self-confidence, poor self-esteem, or even depression and anxiety. All of these things can impact your productivity and performance – setting the whole cycle in motion once again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Remember that setbacks and stress are a part of everyone\'s life. You can either crumple under the pressure or find strategies to help you cope. These could include mindfulness, affirmations or cognitive restructuring.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Most of all, know when to stop. It can be hard to switch off, particularly when you\'re surrounded by \"always on\" devices, like smartphones or tablets. But learning how to relax – really relax – will help you to recharge, stay calm and avoid burnout.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">18. Be Yourself</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pretending to be someone else or being a \"yes man\" (or woman) can be exhausting, confining and demoralizing. It can also hold you back from reaching your true potential. But, when you stay true to yourself and your values, you\'ll find that you can express your thoughts and ideas much more clearly and confidently. And you\'ll have a reputation for integrity that will earn the trust and respect of your peers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Yes, it may sometimes mean \"going against the grain\" or taking the harder road. But it also allows you to live a more authentic and, ultimately, more rewarding life.</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.mindtools.com/blog/18-be-best-you-work/\">click here.</a></p>\n<!-- /wp:paragraph -->','18 Ways to Be the Best You Can Be','','publish','closed','closed','','18-ways-to-be-the-best-you-can-be','','','2023-12-19 23:33:57','2023-12-19 23:33:57','',0,'https://smartinsurance.tips/?p=3708',0,'post','',0),(3709,1,'2023-12-19 23:29:28','2023-12-19 23:29:28','','rsz_untitled_12','','inherit','closed','closed','','rsz_untitled_12','','','2023-12-19 23:29:28','2023-12-19 23:29:28','',3708,'http://smartinsurance.tips/wp-content/uploads/2023/12/rsz_untitled_12.png',0,'attachment','image/png',0),(3710,1,'2023-12-19 23:33:57','2023-12-19 23:33:57','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3709,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/rsz_untitled_12.png\" alt=\"\" class=\"wp-image-3709\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>We all want to be thought of as good employees, but if we really want to fulfill our career aspirations, then we need to push ourselves to be the best that we can be!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After all, if we only do the minimum required of us, we probably won\'t get very far. So, if you\'ve set your sights on world domination (or perhaps just that promotion you\'ve always wanted), use these 18 tips to make it a reality.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Be the Best People Person</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>People skills are one of the most sought-after competencies valued by employers. When you work well with others, it improves productivity, creativity and job satisfaction. So, let\'s kick-start our top tips list by looking at what you can do to become a better people person.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">1. Be a Great Communicator</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Being able to communicate well – in person and in writing – is an essential skill in most workplaces. But, it\'s also one that is often forgotten about. In fact, a study from the National Commission on Writing reveals that blue-chip companies spend as much as $3.1 billion on writing training.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The ability to express yourself eloquently can mean the difference between getting noticed and being overlooked. Write a bad email and all anyone will remember is your poor grammar. But write one that is clear, concise and interesting, and you\'ll likely find that people will respond to your message quickly and positively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">2. Nurture Your Work Relationships</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>People skills are as important in the workplace as technical ability. These kinds of \"interpersonal skills\" can help you to collaborate, communicate, manage conflict, motivate, increase productivity, solve problems, and network.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you have good working relationships you\'ll likely be more happy and engaged at work, too. In fact, a 2023 study revealed that positive workplace relationships can help you to avoid burnout, exhaustion and even loneliness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">3. Listen!</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It can be all too easy to \"tune out\" sometimes. Whether you\'re really focused and \"in flow,\" or you\'re easily distracted by emails and other minor tasks, maybe you just aren\'t paying enough attention to the person who\'s talking to you. Whatever the case, you\'re not alone. It seems that most of us aren\'t great listeners. Indeed, research suggests that we remember between just 25 percent and 50 percent of what we hear!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But listening is vital if you want to succeed at work. It can help you to take in information, learn from others, build relationships, and take direction. Active listening is one of the ways you can improve your ability to listen. It involves making a <strong>conscious</strong> effort to hear not only the words someone is saying, but the key messages that they are trying to express.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">4. Know How to Work With Your Boss</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you\'re lucky, you\'ll have a boss that you respect, like and admire. If you\'re not so lucky, however, you may have one who, for whatever reason, you just don\'t \"click\" with. If this happens, it can have a significant impact on your happiness and your productivity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ultimately, the onus is on you to make the relationship work. Your boss will likely have several other people to manage, so their relationship with you may not always be at the top of their list. But it should be at the top of yours! Find out more about their preferred management style. Then, adapt your own working style to suit it. Do they like to receive information in person, or prefer email? How do they tend to handle bad news? Do they like to micromanage people or are they happy to delegate tasks?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Be the Best at Taking Initiative</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you take the initiative, you take control of your career. This might be as simple as learning to organize your workload effectively. Or, it could be more complex – for example, seeking out new opportunities and understanding the purpose behind the work you do. Here are some tips for doing this:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">5. Prioritize<strong>&nbsp;</strong>Your Goals</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>With so many demands on your time, it\'s easy to get distracted and lose sight of your main goals. Start each day by prioritizing your To-Do List, and focusing your attention on the top three items. This will help you to manage your time effectively, and to concentrate on the objectives that matter the most. And, if you\'re really swamped, don\'t be afraid to ask for help, to delegate tasks, or even to<a rel=\"noreferrer noopener\" href=\"https://www.mindtools.com/asngpui/yes-to-the-person-no-to-the-task-video\" target=\"_blank\"> say \"no\"</a> sometimes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">6. Challenge Yourself</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Feeling comfortable and confident in a job likely means that you\'re doing it well. But, if you\'re finding it all too easy, you may begin to feel bored and unfulfilled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Sure, you could carry on and \"coast\" your way through. But this probably isn\'t going to get you very far in the long term. Instead, stay challenged by setting yourself some new goals. Learn a new skill, go on a training course, or ask your boss for more responsibility. Not only will you be pegged as a \"self starter,\" you\'ll also get the chance to broaden your skills, and to engage in new ways of thinking. It may even open up opportunities to work on different projects and with different people.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">7. Get out of Your \"Comfort Zone\"</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Stepping outside of your comfort zone is – unsurprisingly – uncomfortable! You might feel exposed, or worry that you\'ll look stupid. However, if you avoid taking opportunities when they present themselves, you\'ll never know just how far you can go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Yes, doing something new can be scary. It might also mean more pressure and more work. But, it can also push you to perform better. It can make you more resilient, give you the flexibility to take risks and cope with unexpected problems, and help you to overcome fear of failure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Doing something you\'ve never done before can be scary, but can also present new opportunities for learning and progression.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">8. Remember the Bigger Picture</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do you know <strong>why</strong> you do the work that you do? What\'s its purpose? Why is it meaningful to you? And how does it help the business to achieve <strong>its</strong> goals?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Understanding how the work that you do benefits your organization can improve your performance. It adds purpose to your work, helps you to prioritize your tasks more effectively, and enables you to identify tasks or areas of the business that can be made more efficient.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">9. Build Expertise and Share It!</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having a specialized skill or excelling in a particular task can put you \"in demand.\" Even more so if you have deep knowledge of a subject that is highly sought after – for instance, analytical thinking, creative thinking or resilience.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Being the \"go-to\" person for a particular task or topic can enhance your reputation and allow you to help others. It can also lead to opportunities to work on high-profile tasks, and may even result in promotion. But remember that building expertise takes dedication and resolve. So, be prepared to put the time in!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">10. Know Your Stuff</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Rapid advances in technology, along with global political and financial developments, mean that change is fast-paced and unpredictable. And, if you don\'t make an effort to keep up with these changes, it can result in missed opportunities or getting left behind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Combat this by making it a priority to stay up-to-date with your industry. Join a trade organization, attend trade shows or conferences, read blogs, and connect with industry leaders and colleagues on social media sites like LinkedIn or Twitter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">11. Set Aside Time for \"Deep Work\"</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We live in an age of distractions. Email, social media, instant messaging, office politics, unnecessary meetings… even the weather! All of these things can cause you to lose focus on the tasks that really matter. In fact, some studies suggest that knowledge workers lose up to three hours a day because of distractions. And this can cost businesses 14 to 15 times more than absenteeism due to health-related issues.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Setting aside time for \"deep work\" can help you build expertise.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>WhatsApp messages that you\'ve just received. But, if you really want to produce quality work, you and your phone will need to part ways (temporarily at least). This is where \"deep work\" can help. It involves pushing distractions to one side, and giving yourself the time and space to really focus on challenging and complicated tasks. This has a number of benefits. For example, it can help you to build expertise and knowledge, and give you a greater sense of fulfillment and achievement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">12. Make Mistakes (and Learn From Them<strong>)</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We\'ve all had that sudden sinking feeling when we realize that we\'ve made a mistake. But it\'s how you handle these \"bloopers\" that really matters. Do you, for instance, tend to \"run for the hills\" and hope that no one notices? Pass the blame onto someone else? Or, do you \"fess up\" and do your best to remedy the situation?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It can be hard to swallow your pride and take ownership of the mistakes that you make. But, it is only by doing this that you will ultimately learn from them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Part of learning is knowing when we\'ve made a mistake and what we can do to fix it or make things better in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">13. Ask for Feedback and Use It!</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It can be difficult to hear criticism, particularly when it\'s unexpected. But, if you don\'t get any feedback at all, you may begin to wonder whether your work is valued or even noticed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Why not take the initiative? Ask for feedback from managers and colleagues. Not only will you be seen as a proactive member of the team, but the advice and insight that they provide will likely help you to improve your performance, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">14. Protect Your Professional Reputation</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your reputation is what you\'re known for. It encompasses your personality, your skills, your values, and your temperament.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It can take time and effort to build up a good reputation, but just moments to destroy it. This means that you need to put the work in if you want to protect and maintain it. Do this by carrying out a personal SWOT analysis to assess your skills, and to create a plan for developing the professional traits and abilities that you want to be known for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">15. Develop Leadership Skills</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the major \"pain points\" for businesses is the lack of leadership skills among their employees – even those who are in senior or highly technical roles. Research shows that the best and most successful leaders are those who encourage learning and listen to feedback and ideas. And that this, in turn, can help teams to become more resilient and effective.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, if you\'ve set your sights on a promotion, why wait? Start preparing today by broadening your skill set to include listening, empathy, problem solving, and negotiation. And acquaint yourself with different leadership styles, such as Transformational Leadership, Action Centered Leadership and Adaptive Leadership.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">16. Get Yourself Noticed</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Have you ever completed a piece of work that you were really proud of, only for it to go unnoticed?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Feeling as though your work isn\'t valued or even acknowledged can be deeply demoralizing and frustrating. But, there are ways you can improve your visibility at work. Building a strong network of allies, for instance, can help, as can tracking your accomplishments, taking on additional responsibilities, or finding a mentor or coach whom you respect and who can help you develop your skills and career.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">17. Learn How to Cope With Stress</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It can be easy to get caught up in negative thoughts sometimes, particularly if you\'ve made a mistake, received some poor feedback, or work in a high-pressure job. But, real problems can occur if you allow these thoughts to take over, such as low self-confidence, poor self-esteem, or even depression and anxiety. All of these things can impact your productivity and performance – setting the whole cycle in motion once again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Remember that setbacks and stress are a part of everyone\'s life. You can either crumple under the pressure or find strategies to help you cope. These could include mindfulness, affirmations or cognitive restructuring.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Most of all, know when to stop. It can be hard to switch off, particularly when you\'re surrounded by \"always on\" devices, like smartphones or tablets. But learning how to relax – really relax – will help you to recharge, stay calm and avoid burnout.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">18. Be Yourself</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pretending to be someone else or being a \"yes man\" (or woman) can be exhausting, confining and demoralizing. It can also hold you back from reaching your true potential. But, when you stay true to yourself and your values, you\'ll find that you can express your thoughts and ideas much more clearly and confidently. And you\'ll have a reputation for integrity that will earn the trust and respect of your peers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Yes, it may sometimes mean \"going against the grain\" or taking the harder road. But it also allows you to live a more authentic and, ultimately, more rewarding life.</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.mindtools.com/blog/18-be-best-you-work/\">click here.</a></p>\n<!-- /wp:paragraph -->','18 Ways to Be the Best You Can Be','','inherit','closed','closed','','3708-revision-v1','','','2023-12-19 23:33:57','2023-12-19 23:33:57','',3708,'https://smartinsurance.tips/?p=3710',0,'revision','',0),(3711,1,'2023-12-19 23:36:04','2023-12-19 23:36:04','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3712,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-13-1024x1024.png\" alt=\"\" class=\"wp-image-3712\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>The holidays are filled with sweets, parties, decorating, get-togethers with family and friends, gift-giving, alcoholic beverages, school programs, shopping, and not a moment of silence. It’s the “most wonderful time of the year,” but it can also leave you exhausted and feeling out of sorts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How can you resume healthy habits and get back to normal?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Take it One Day at a Time</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The holiday season lacks structure. You won’t get back to normal overnight, so don’t plan on it! Set realistic expectations for after the holidays and take one step at a time with your schedule and responsibilities. If your house is in shambles, choose a few places to tackle each day. If you’re out of your workout routine, aim for a couple days of exercise each week instead of running to the gym every day. You will feel better when you are making progress, yet not overwhelmed with tasks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Give Yourself Some Downtime</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After so much social activity, it’s important to make time for rest. An afternoon lounging at home, time meditating, an evening spent reading your favorite book, and even napping can help you recover and rest from a busy season. Even the most social people need some downtime every once in a while. Take what you and your body need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Prioritize Sleep</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Late nights and early mornings are common during the holiday season. Taking a step back to make sure you’re getting enough sleep at night can be a game-changer. Minimize screen time and set a regular schedule for the times you go to bed and wake up. This should help you start feeling more refreshed and energized.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Clean Up Your Diet</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your holidays contained too mush sugar, fat, alcohol and calories, begin making some changes to improve your diet. But instead of focusing on cutting foods out of your diet, focus on what you can add in, such as lean proteins, fruits, vegetables, and more water. Give your body the balanced nutrition it needs and scale back on the “extras” by choosing them in moderation. This will also help improve your energy and how you feel throughout the day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Don’t Fall into Gimmicks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As the holiday season ends, we are bombarded with information about new diets, exercise plans, and the latest and greatest health products. Take time to evaluate these items as they come up. If it’s too good to be true, it probably is. Quick fixes to your health are almost never the answer. Instead, nutrient-dense foods, movement, and overall balance in your lifestyle form the recipe for your ultimate success and wellbeing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Still Plan for Fun</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Don’t go from one hundred to zero. Find time for fun after the holidays as dark January days roll in. Social activities and going on adventures can help you make it through the long winter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Think and Evaluate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many people make New Year’s resolutions this time of year, or set their intentions for the year ahead. Take a look at where you are in all areas of your life and make note of where you want to be. In December, you can reflect on your progress and set new goals for 2024.</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.yourweightmatters.org/tips-for-getting-back-to-normal-after-the-holidays/\">click here.</a></p>\n<!-- /wp:paragraph -->','Tips for Getting Back to Normal After the Holidays','','publish','closed','closed','','tips-for-getting-back-to-normal-after-the-holidays','','','2023-12-19 23:36:04','2023-12-19 23:36:04','',0,'https://smartinsurance.tips/?p=3711',0,'post','',0),(3712,1,'2023-12-19 23:35:32','2023-12-19 23:35:32','','Untitled-13','','inherit','closed','closed','','untitled-13-2','','','2023-12-19 23:35:32','2023-12-19 23:35:32','',3711,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-13.png',0,'attachment','image/png',0),(3713,1,'2023-12-19 23:36:04','2023-12-19 23:36:04','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3712,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-13-1024x1024.png\" alt=\"\" class=\"wp-image-3712\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>The holidays are filled with sweets, parties, decorating, get-togethers with family and friends, gift-giving, alcoholic beverages, school programs, shopping, and not a moment of silence. It’s the “most wonderful time of the year,” but it can also leave you exhausted and feeling out of sorts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How can you resume healthy habits and get back to normal?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Take it One Day at a Time</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The holiday season lacks structure. You won’t get back to normal overnight, so don’t plan on it! Set realistic expectations for after the holidays and take one step at a time with your schedule and responsibilities. If your house is in shambles, choose a few places to tackle each day. If you’re out of your workout routine, aim for a couple days of exercise each week instead of running to the gym every day. You will feel better when you are making progress, yet not overwhelmed with tasks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Give Yourself Some Downtime</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After so much social activity, it’s important to make time for rest. An afternoon lounging at home, time meditating, an evening spent reading your favorite book, and even napping can help you recover and rest from a busy season. Even the most social people need some downtime every once in a while. Take what you and your body need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Prioritize Sleep</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Late nights and early mornings are common during the holiday season. Taking a step back to make sure you’re getting enough sleep at night can be a game-changer. Minimize screen time and set a regular schedule for the times you go to bed and wake up. This should help you start feeling more refreshed and energized.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Clean Up Your Diet</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your holidays contained too mush sugar, fat, alcohol and calories, begin making some changes to improve your diet. But instead of focusing on cutting foods out of your diet, focus on what you can add in, such as lean proteins, fruits, vegetables, and more water. Give your body the balanced nutrition it needs and scale back on the “extras” by choosing them in moderation. This will also help improve your energy and how you feel throughout the day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Don’t Fall into Gimmicks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As the holiday season ends, we are bombarded with information about new diets, exercise plans, and the latest and greatest health products. Take time to evaluate these items as they come up. If it’s too good to be true, it probably is. Quick fixes to your health are almost never the answer. Instead, nutrient-dense foods, movement, and overall balance in your lifestyle form the recipe for your ultimate success and wellbeing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Still Plan for Fun</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Don’t go from one hundred to zero. Find time for fun after the holidays as dark January days roll in. Social activities and going on adventures can help you make it through the long winter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Think and Evaluate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many people make New Year’s resolutions this time of year, or set their intentions for the year ahead. Take a look at where you are in all areas of your life and make note of where you want to be. In December, you can reflect on your progress and set new goals for 2024.</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.yourweightmatters.org/tips-for-getting-back-to-normal-after-the-holidays/\">click here.</a></p>\n<!-- /wp:paragraph -->','Tips for Getting Back to Normal After the Holidays','','inherit','closed','closed','','3711-revision-v1','','','2023-12-19 23:36:04','2023-12-19 23:36:04','',3711,'https://smartinsurance.tips/?p=3713',0,'revision','',0),(3714,1,'2023-12-19 23:45:01','2023-12-19 23:45:01','<!-- wp:paragraph -->\n<p>Learn how to get your premiums as low as possible.</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\":3715,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-17-1024x1024.png\" alt=\"\" class=\"wp-image-3715\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Like many Americans, you’ve probably watched your car insurance premiums go up hundreds of dollars over the last two years. Even as inflation has cooled, insurance prices have remained high due to more crashes, increased litigation, and higher repair costs. Nationwide, the average premium increase was nearly 18 percent, according to the Federal Bureau of Labor Statistics. But some states have felt even more pain, with rates up 88 percent in Florida and around 50 percent in Colorado, Nevada, and New York since 2018, according to FINN, a car subscription service company that analyzes market data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How can you lower your premiums? For starters, switch insurance companies. According to CR’s 2022 national survey of 11,509 drivers, consumers who took their business to another company not only saved money on car insurance but also reported higher satisfaction levels with their new insurer. Even so, 55 percent of drivers stay with the same insurer for six years or longer, missing out on those advantages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>CR recommends shopping for better rates from competing insurers every year or so and, at the same time, reviewing your policy to see how changes in your life may affect your insurance needs. Those changes might include moving to a new town or state, getting a new job, or entering retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"If you haven’t given your insurance a hard look in a while, you could be paying too much, not have enough coverage, or both,\" says Chuck Bell, Consumer Reports’ programs director for advocacy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We’ll tell you which life events might cause your insurance needs to change, as well as how you can get the lowest rates possible with the top insurers from CR’s 2022 member survey.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Increase Your Deductible</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:&nbsp;</strong>$400 to $500 a year</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This timeless insurance advice saves you money because you’re increasing your potential out-of-pocket cost for repairs after a crash. Loretta Worters, vice president of media relations for the Insurance Information Institute, says that increasing your deductible from $500 to $1,000 can bring your annual premium down by 20 to 25 percent, on average. \"Just make sure you can afford to pay cash for repairs if you need to,\" Bell says. \"The average motorist doesn’t file a claim more than about once every couple of decades, so your likelihood of having to shell out for crash damage is actually pretty low.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Drop Collision and Comprehensive Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;About $1,000 a year</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Collision insurance covers you for damage to your car if you’re involved in a crash (or if you’re the victim of a hit-and-run), and comprehensive covers damage caused by acts of nature—such as storm damage—vandalism, theft, fire, and more. As the years and miles pile up on your car, its value will decrease. Eventually, that lowered value may no longer justify the expense of paying for collision and comprehensive coverage. \"As a general rule, when the premium is more than 10 percent of the car’s value, it’s time to consider dropping collision, and maybe comprehensive, too,\" Bell says. You may want to keep comprehensive a bit longer because it includes glass coverage, which is always nice to have if a rock hits your windshield and cracks it. But if you’re scaling back to liability-only coverage, make sure you have enough to protect yourself from having to pay out of pocket for someone’s property damage and medical expenses if you’re found at fault in a crash. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Take a Defensive Driving Course</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;$200 a year</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies will allow you to take a safe-driving course to get a discount, although you’ll have to take it again every few years to keep the discount active. In New York, for example, where insurance can cost more than $3,000 per year, motorists can receive a 10 percent discount after taking a state-approved defensive driving course. (The course costs about $25, takes 5 hours and 20 minutes to complete, and can be repeated every three years.) Many other states have similar programs, although prices vary widely. In Virginia, where the average cost of insurance is less than $1,500 per year, the course takes 8 hours and can cost as little as $25.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">If You Drive Under 10,000 Miles a Year, Report Your Mileage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;About $100 a year</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"Most insurance companies include annual mileage in their pricing methodology, and lowering your miles can save you money,\" Heller says. For instance, if you’re driving less because of a change in your job location, you may qualify for a lower premium, especially if you’re driving less than 10,000 miles in a year. \"Some companies offer verified mileage programs where you can get even more savings by reporting your odometer reading on a regular basis.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Bundle Your Auto Coverage With Your Homeowners Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:&nbsp;</strong>$300 a year</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Douglas Heller, director of insurance with the Consumer Federation of America, says that some companies offer discounts on annual premiums when you purchase both your home and auto policies from them. But he points out that every person’s situation is different, and while one person might save money by bundling two types of insurance, another person might save money by buying each policy from a different company. The bottom line: Bundling is worth looking into, but it’s not a one-size-fits-all way to save on your premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Pay Out of Pocket for a One-Car Fender Bender</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;$300 or more (depending on your driving record)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re involved in a crash with another vehicle that results in property damage, many states require that you submit an accident report (and you must report an accident with injuries or death to the police). But for minor damage that doesn’t involve another driver—such as scraping your bumper on a support column in a parking garage—paying out of pocket and not filing a claim could prevent a potential rate increase. Keep in mind, though, that what seems like minor damage to a car equipped with safety features such as automatic emergency braking and blind spot warning could be far more expensive to repair than you think. So make sure you get a repair estimate before you decide to shoulder the financial burden on your own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Get an Independent Insurance Agent</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;Hundreds of dollars</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To make comparing coverage and premiums from several insurance companies easier, consult an independent agent. Unlike an agent who represents a single company, an independent agent represents a number of insurance companies, including some that may not be on your radar and could offer the best deal, Heller says. (Insurance brokers are also independent, but he says they’re more appropriate for businesses than for individual customers.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Consider a Dividend Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;$100 or more</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Dividend policies may have higher premiums, but because policyholders own a stake in the company’s investments, they can get money back in the form of dividend payments. \"Dividend policies can help reduce the overall cost of coverage, and may help you save even more when both your auto and home are covered by the same mutual insurance company,\" CR’s Bell says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Sign Up for Driver Monitoring</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:&nbsp;</strong>$800</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies offer a discount if you allow them to monitor your driving habits with a smartphone app or a device that plugs into your car’s diagnostic port. There’s a potential for huge savings, but you have to be okay with giving up a certain amount of privacy, allowing your insurer to track your every move in much the same way that you do when using certain smartphone apps. If driver monitoring is available in your state and offered by your insurance company, Bell suggests doing some fact-finding before deciding whether it’s right for you. Start by asking your insurer what data it will use to calculate a discount, whether any negative driving behavior has the potential to actually increase your rate, and how all the data collected can and will be used. \"Ask your insurer if they will sell or share your data with other companies before you agree to one of these programs,\" he says. \"And if you tend to drive more at night because of work or some other reason, make sure you won’t get dinged for it.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Liability Coverage Is Enough?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance companies can offer several types of coverage to protect you financially when you’re involved in a crash. But the most important is liability coverage, which pays for costs related to the injury or death of passengers in another car as well as any damage to other vehicles and property if it’s determined that you were at fault in a crash. (Liability coverage also covers passengers in your car.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Almost every state requires liability coverage. In Virginia, for example, the minimum coverage required by law is $30,000 per person and $60,000 per incident for bodily injury or death of two or more people, and $20,000 for property damage. (This is usually stated on an insurance policy as $30,000/$60,000/$20,000 or simply 30/60/20.) Experts say most state minimum coverage requirements are woefully inadequate. Douglas Heller, an insurance expert, cites as an example a driver covered only by Virginia’s minimum requirement who causes a crash in which three people have $50,000 in medical bills per person. The driver’s insurer would cover $20,000 of each injured person’s medical bills, leaving the driver responsible for any outstanding bills—in this example, $90,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How much coverage is enough? Loretta Worters of the Insurance Information Institute recommends a minimum liability coverage of $100,000/$300,000 /$100,000. For more protection, experts recommend purchasing an umbrella insurance policy on top of higher-limit liability coverage. An umbrella policy added to a homeowners policy extends liability protection to $1 million or more, and depending on the insurer, fills whatever gaps may have been left by auto and homeowner policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can usually buy an umbrella policy only from a company that you’ve already purchased insurance from. Prices vary depending on what types of coverage you already have—car, home, boat, business, etc. You also need to know how high your basic liability insurance needs to be, and if your insurer requires bundling all of your policies to get the umbrella policy. Worters says a $1 million umbrella policy typically adds $250 to $300 to your annual premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There’s also coverage that pays for damage caused by uninsured and underinsured motorists, as well as personal injury protection or medical payment coverage, which covers your own injuries if the other driver has inadequate coverage or none at all. Worters says these are always good to have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Life Events That Can Affect Your Car Insurance Rates</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Getting Married or Divorced</strong><br>Adding a driver to a policy can increase premiums, but if that person has a clean driving record, your rates shouldn’t change much. Adding someone with a history of filing claims or with moving violations on their record, on the other hand, can increase your rate, whereas removing that person can result in significant savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Changing Jobs<br></strong>You could pay a lower premium if your new commuting distance is shorter or if you’re now working from home. You can generally save $100 on premiums if you drive less than 10,000 miles per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Moving to a New Area<br></strong>Insurance rates are highly dependent upon where you live. According to quotes from USAA, a move from suburban Scottsdale, Ariz., to urban Phoenix would raise your annual premiums by about $240. Your premium could drop if you move from a city to a more sparsely populated area. And if you move to an area with a high probability of severe weather events (hurricanes or floods), you’re likely to see your premiums rise.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Adding a Teen Driver<br></strong>Drivers between the ages of 16 and 17 are more likely to be involved in a crash than any other group. Adding a teen driver to your insurance policy can increase it a staggering $1,000 to $2,000 a year or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">If You\'re Over 70, Read This</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Car insurance premiums tend to decrease as you age.</strong>&nbsp;But that can change once you reach your 70s, which is when crash rates begin to slowly tick up, according to the Insurance Institute for Highway Safety (IIHS). Based on average annual insurance costs from Bankrate, a consumer financial services company, premiums for 70-year-old drivers are about 8 percent higher than for drivers who are 60 years old.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"If you’re an older driver who hasn’t been in a crash and your rates go up sharply, consider changing insurers,\" says Chuck Bell, CR’s programs director for advocacy. \"You can ask your existing company to provide a more competitive quote, but be prepared to vote with your feet if you don’t like its answer.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Bell says that some insurers, including Geico and The Hartford, offer preferential rates for older drivers. \"Just like drivers in other age groups, aging motorists can save money on insurance by reassessing their needs and switching carriers if they can get a better deal,\" he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Upgrade to a car with advanced safety systems.&nbsp;</strong>Cars with active safety equipment like automatic emergency braking (AEB) and strong crash-test ratings are good for everyone, but especially for older drivers. That’s because those drivers are more likely than other motorists to suffer from serious injuries if they’re in a crash, the National Highway Traffic Safety Administration says. And according to two IIHS studies, they tend to drive older vehicles that lack lifesaving features such as blind spot monitoring, side or curtain airbags, forward collision warning, or automatic emergency braking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Take a driver education course. </strong>Classes for mature drivers could reduce your risk of an accident or injury and related expenses. Groups like AAA offer programs to help older motorists with declining hearing, eyesight, flexibility, and other issues that can impair driving ability adapt their habits and sharpen their skills. AARP, for example, offers a discount on these courses to members.</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/money/car-insurance/how-to-save-big-on-your-car-insurance-a5155263103/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Save Big on Your Car Insurance','','publish','closed','closed','','how-to-save-big-on-your-car-insurance','','','2023-12-19 23:45:01','2023-12-19 23:45:01','',0,'https://smartinsurance.tips/?p=3714',0,'post','',0),(3715,1,'2023-12-19 23:40:41','2023-12-19 23:40:41','','Untitled-17','','inherit','closed','closed','','untitled-17-2','','','2023-12-19 23:40:41','2023-12-19 23:40:41','',3714,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-17.png',0,'attachment','image/png',0),(3716,1,'2023-12-19 23:45:01','2023-12-19 23:45:01','<!-- wp:paragraph -->\n<p>Learn how to get your premiums as low as possible.</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\":3715,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-17-1024x1024.png\" alt=\"\" class=\"wp-image-3715\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Like many Americans, you’ve probably watched your car insurance premiums go up hundreds of dollars over the last two years. Even as inflation has cooled, insurance prices have remained high due to more crashes, increased litigation, and higher repair costs. Nationwide, the average premium increase was nearly 18 percent, according to the Federal Bureau of Labor Statistics. But some states have felt even more pain, with rates up 88 percent in Florida and around 50 percent in Colorado, Nevada, and New York since 2018, according to FINN, a car subscription service company that analyzes market data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How can you lower your premiums? For starters, switch insurance companies. According to CR’s 2022 national survey of 11,509 drivers, consumers who took their business to another company not only saved money on car insurance but also reported higher satisfaction levels with their new insurer. Even so, 55 percent of drivers stay with the same insurer for six years or longer, missing out on those advantages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>CR recommends shopping for better rates from competing insurers every year or so and, at the same time, reviewing your policy to see how changes in your life may affect your insurance needs. Those changes might include moving to a new town or state, getting a new job, or entering retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"If you haven’t given your insurance a hard look in a while, you could be paying too much, not have enough coverage, or both,\" says Chuck Bell, Consumer Reports’ programs director for advocacy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We’ll tell you which life events might cause your insurance needs to change, as well as how you can get the lowest rates possible with the top insurers from CR’s 2022 member survey.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Increase Your Deductible</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:&nbsp;</strong>$400 to $500 a year</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This timeless insurance advice saves you money because you’re increasing your potential out-of-pocket cost for repairs after a crash. Loretta Worters, vice president of media relations for the Insurance Information Institute, says that increasing your deductible from $500 to $1,000 can bring your annual premium down by 20 to 25 percent, on average. \"Just make sure you can afford to pay cash for repairs if you need to,\" Bell says. \"The average motorist doesn’t file a claim more than about once every couple of decades, so your likelihood of having to shell out for crash damage is actually pretty low.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Drop Collision and Comprehensive Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;About $1,000 a year</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Collision insurance covers you for damage to your car if you’re involved in a crash (or if you’re the victim of a hit-and-run), and comprehensive covers damage caused by acts of nature—such as storm damage—vandalism, theft, fire, and more. As the years and miles pile up on your car, its value will decrease. Eventually, that lowered value may no longer justify the expense of paying for collision and comprehensive coverage. \"As a general rule, when the premium is more than 10 percent of the car’s value, it’s time to consider dropping collision, and maybe comprehensive, too,\" Bell says. You may want to keep comprehensive a bit longer because it includes glass coverage, which is always nice to have if a rock hits your windshield and cracks it. But if you’re scaling back to liability-only coverage, make sure you have enough to protect yourself from having to pay out of pocket for someone’s property damage and medical expenses if you’re found at fault in a crash. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Take a Defensive Driving Course</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;$200 a year</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies will allow you to take a safe-driving course to get a discount, although you’ll have to take it again every few years to keep the discount active. In New York, for example, where insurance can cost more than $3,000 per year, motorists can receive a 10 percent discount after taking a state-approved defensive driving course. (The course costs about $25, takes 5 hours and 20 minutes to complete, and can be repeated every three years.) Many other states have similar programs, although prices vary widely. In Virginia, where the average cost of insurance is less than $1,500 per year, the course takes 8 hours and can cost as little as $25.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">If You Drive Under 10,000 Miles a Year, Report Your Mileage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;About $100 a year</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"Most insurance companies include annual mileage in their pricing methodology, and lowering your miles can save you money,\" Heller says. For instance, if you’re driving less because of a change in your job location, you may qualify for a lower premium, especially if you’re driving less than 10,000 miles in a year. \"Some companies offer verified mileage programs where you can get even more savings by reporting your odometer reading on a regular basis.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Bundle Your Auto Coverage With Your Homeowners Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:&nbsp;</strong>$300 a year</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Douglas Heller, director of insurance with the Consumer Federation of America, says that some companies offer discounts on annual premiums when you purchase both your home and auto policies from them. But he points out that every person’s situation is different, and while one person might save money by bundling two types of insurance, another person might save money by buying each policy from a different company. The bottom line: Bundling is worth looking into, but it’s not a one-size-fits-all way to save on your premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Pay Out of Pocket for a One-Car Fender Bender</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;$300 or more (depending on your driving record)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re involved in a crash with another vehicle that results in property damage, many states require that you submit an accident report (and you must report an accident with injuries or death to the police). But for minor damage that doesn’t involve another driver—such as scraping your bumper on a support column in a parking garage—paying out of pocket and not filing a claim could prevent a potential rate increase. Keep in mind, though, that what seems like minor damage to a car equipped with safety features such as automatic emergency braking and blind spot warning could be far more expensive to repair than you think. So make sure you get a repair estimate before you decide to shoulder the financial burden on your own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Get an Independent Insurance Agent</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;Hundreds of dollars</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To make comparing coverage and premiums from several insurance companies easier, consult an independent agent. Unlike an agent who represents a single company, an independent agent represents a number of insurance companies, including some that may not be on your radar and could offer the best deal, Heller says. (Insurance brokers are also independent, but he says they’re more appropriate for businesses than for individual customers.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Consider a Dividend Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:</strong>&nbsp;$100 or more</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Dividend policies may have higher premiums, but because policyholders own a stake in the company’s investments, they can get money back in the form of dividend payments. \"Dividend policies can help reduce the overall cost of coverage, and may help you save even more when both your auto and home are covered by the same mutual insurance company,\" CR’s Bell says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Sign Up for Driver Monitoring</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>How much you can save:&nbsp;</strong>$800</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies offer a discount if you allow them to monitor your driving habits with a smartphone app or a device that plugs into your car’s diagnostic port. There’s a potential for huge savings, but you have to be okay with giving up a certain amount of privacy, allowing your insurer to track your every move in much the same way that you do when using certain smartphone apps. If driver monitoring is available in your state and offered by your insurance company, Bell suggests doing some fact-finding before deciding whether it’s right for you. Start by asking your insurer what data it will use to calculate a discount, whether any negative driving behavior has the potential to actually increase your rate, and how all the data collected can and will be used. \"Ask your insurer if they will sell or share your data with other companies before you agree to one of these programs,\" he says. \"And if you tend to drive more at night because of work or some other reason, make sure you won’t get dinged for it.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Liability Coverage Is Enough?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance companies can offer several types of coverage to protect you financially when you’re involved in a crash. But the most important is liability coverage, which pays for costs related to the injury or death of passengers in another car as well as any damage to other vehicles and property if it’s determined that you were at fault in a crash. (Liability coverage also covers passengers in your car.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Almost every state requires liability coverage. In Virginia, for example, the minimum coverage required by law is $30,000 per person and $60,000 per incident for bodily injury or death of two or more people, and $20,000 for property damage. (This is usually stated on an insurance policy as $30,000/$60,000/$20,000 or simply 30/60/20.) Experts say most state minimum coverage requirements are woefully inadequate. Douglas Heller, an insurance expert, cites as an example a driver covered only by Virginia’s minimum requirement who causes a crash in which three people have $50,000 in medical bills per person. The driver’s insurer would cover $20,000 of each injured person’s medical bills, leaving the driver responsible for any outstanding bills—in this example, $90,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How much coverage is enough? Loretta Worters of the Insurance Information Institute recommends a minimum liability coverage of $100,000/$300,000 /$100,000. For more protection, experts recommend purchasing an umbrella insurance policy on top of higher-limit liability coverage. An umbrella policy added to a homeowners policy extends liability protection to $1 million or more, and depending on the insurer, fills whatever gaps may have been left by auto and homeowner policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can usually buy an umbrella policy only from a company that you’ve already purchased insurance from. Prices vary depending on what types of coverage you already have—car, home, boat, business, etc. You also need to know how high your basic liability insurance needs to be, and if your insurer requires bundling all of your policies to get the umbrella policy. Worters says a $1 million umbrella policy typically adds $250 to $300 to your annual premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There’s also coverage that pays for damage caused by uninsured and underinsured motorists, as well as personal injury protection or medical payment coverage, which covers your own injuries if the other driver has inadequate coverage or none at all. Worters says these are always good to have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Life Events That Can Affect Your Car Insurance Rates</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Getting Married or Divorced</strong><br>Adding a driver to a policy can increase premiums, but if that person has a clean driving record, your rates shouldn’t change much. Adding someone with a history of filing claims or with moving violations on their record, on the other hand, can increase your rate, whereas removing that person can result in significant savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Changing Jobs<br></strong>You could pay a lower premium if your new commuting distance is shorter or if you’re now working from home. You can generally save $100 on premiums if you drive less than 10,000 miles per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Moving to a New Area<br></strong>Insurance rates are highly dependent upon where you live. According to quotes from USAA, a move from suburban Scottsdale, Ariz., to urban Phoenix would raise your annual premiums by about $240. Your premium could drop if you move from a city to a more sparsely populated area. And if you move to an area with a high probability of severe weather events (hurricanes or floods), you’re likely to see your premiums rise.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Adding a Teen Driver<br></strong>Drivers between the ages of 16 and 17 are more likely to be involved in a crash than any other group. Adding a teen driver to your insurance policy can increase it a staggering $1,000 to $2,000 a year or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">If You\'re Over 70, Read This</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Car insurance premiums tend to decrease as you age.</strong>&nbsp;But that can change once you reach your 70s, which is when crash rates begin to slowly tick up, according to the Insurance Institute for Highway Safety (IIHS). Based on average annual insurance costs from Bankrate, a consumer financial services company, premiums for 70-year-old drivers are about 8 percent higher than for drivers who are 60 years old.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"If you’re an older driver who hasn’t been in a crash and your rates go up sharply, consider changing insurers,\" says Chuck Bell, CR’s programs director for advocacy. \"You can ask your existing company to provide a more competitive quote, but be prepared to vote with your feet if you don’t like its answer.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Bell says that some insurers, including Geico and The Hartford, offer preferential rates for older drivers. \"Just like drivers in other age groups, aging motorists can save money on insurance by reassessing their needs and switching carriers if they can get a better deal,\" he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Upgrade to a car with advanced safety systems.&nbsp;</strong>Cars with active safety equipment like automatic emergency braking (AEB) and strong crash-test ratings are good for everyone, but especially for older drivers. That’s because those drivers are more likely than other motorists to suffer from serious injuries if they’re in a crash, the National Highway Traffic Safety Administration says. And according to two IIHS studies, they tend to drive older vehicles that lack lifesaving features such as blind spot monitoring, side or curtain airbags, forward collision warning, or automatic emergency braking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Take a driver education course. </strong>Classes for mature drivers could reduce your risk of an accident or injury and related expenses. Groups like AAA offer programs to help older motorists with declining hearing, eyesight, flexibility, and other issues that can impair driving ability adapt their habits and sharpen their skills. AARP, for example, offers a discount on these courses to members.</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/money/car-insurance/how-to-save-big-on-your-car-insurance-a5155263103/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Save Big on Your Car Insurance','','inherit','closed','closed','','3714-revision-v1','','','2023-12-19 23:45:01','2023-12-19 23:45:01','',3714,'https://smartinsurance.tips/?p=3716',0,'revision','',0),(3717,1,'2023-12-20 00:24:35','2023-12-20 00:24:35','<!-- wp:paragraph -->\n<p>Blame natural disasters, the pandemic, and your location. These tips will help you whittle down rising premiums.</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\":3718,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-18-1024x1024.png\" alt=\"\" class=\"wp-image-3718\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>You don’t have to live in a disaster-prone place for your homeowners insurance bill to make you feel like disaster has struck. Homeowners insurance premiums are expected to rise significantly this year throughout the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On average, homeowners can expect to see their bills climb 7.1 percent in 2023, according to the business analytics firm S&amp;P Global Market Intelligence. That follows an even bigger jump of 12.6 percent last year, nearly double the overall inflation rate. Historically, homeowners insurance bills have risen only about 5 percent a year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What’s behind these scary numbers? Read on for answers—and for solutions to help you save money. And if you’re shopping for coverage, check Consumer Reports’ Homeowners Insurance Buying Guide. CR members can consult our exclusive survey-based homeowners insurance ratings for the best companies across the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Blame the Weather</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance experts generally agree that two major forces have pushed insurance premiums skyward. “Broadly, it’s inflation and climate change,” says Tim Zawacki, lead insurance analyst at S&amp;P Global.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There have been more very destructive weather events, including Hurricane Ida in 2021 and Ian in 2022, causing billions of dollars of damage to insured properties. In fact, the years 2019 through 2022 were the most costly three years for insurers ever, according to the American Property and Casualty Insurance Association (APCIA). The industry has responded by passing costs on to policyholders in affected states.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Florida homeowners, many of them still reeling from Ian—and from earlier premium price spikes—can expect premium increases of 40 percent [PDF] in 2023, the Insurance Information Institute, an industry group, projects. In Louisiana, still recovering from Ida, policyholders in the pricey high-risk insurance pool will see premiums swell by an average of 63 percent when they renew this year. Those unlucky folks represent a tenth of all the state’s insured homeowners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“But it’s not just hurricanes that have had an impact,” says Karen Collins, a vice president at APCIA. “It’s storm events like tornadoes and hail, and also wildfires.” In 2022 residents of Colorado, for instance, which has suffered from mudslides and wildfires, got jolted by a 16.7 percent premium increase, on average, not far behind windstorm-prone Louisiana (27.6 percent), South Carolina (19.7 percent), and Florida (19 percent).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Building Inflation Hits Hard</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Higher construction costs have a big impact on what homeowners will see in their policy renewal letters this year. When material and labor expenses go up, so do premiums. Between 2020 and 2022, pandemic supply-chain kinks, coupled with heavy demand, boosted the price of residential construction materials by 33.9 percent, according to the Bureau of Labor Statistics. Workers also became harder to find, forcing builders to raise wages. Though prices have dropped for some materials—like lumber—that inflation hasn’t completely abated.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Demographic shifts can also play a role. South Carolina’s 19.7 percent jump last year was partly due to its growing population, which ratcheted up demand for new homes, Zawacki says. “Local costs for labor and materials are factored into the replacement cost formula, which drives premiums.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What You Can Do to Save on Homeowners Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you want to hunt down the best value for your insurance dollar, comparison shopping is a good way to start. Companies don’t judge you and your property identically, so you may get a more favorable price from one company than from another. Just make sure you’re comparing coverage apples to apples.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re worried about losing your standing as a longtime customer, you don’t necessarily need to be. While your current insurer may provide a 5 or 10 percent loyalty discount, staying put may also be sending it the message that overall price hikes won’t send you running to a competitor. Just 13 percent of Consumer Reports members in a recent survey said they regularly shop for new coverage. But among the 7,075 who did switch to a new carrier within the five-year period covered by our survey, 39 percent said they did so because they got a better price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep in mind that in this inflationary period, it’s key to establish the right replacement cost for your home so you’ll be covered in the event it gets destroyed. For that reason, Zawacki favors using a local, independent agent or broker who sells policies from several insurance companies vs. an online vendor. These professionals can go over how the different companies have determined the replacement cost of your home, and they also may recommend policy add-ons that can help your coverage keep up with inflation. (Find an agent through Trusted Choice, which is affiliated with numerous such companies.) </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’d rather hunt for coverage online, consider websites such as Insure.com, NetQuote, SelectQuote, and TheZebra, which provide initial quotes from a variety of insurers. Also check with your state insurance department, which may publish rate comparisons. Floridians, for instance, can go to Florida’s Office of Insurance Regulation; Californians, to the California Department of Insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>CR members can consult Consumer Reports homeowners insurance ratings to identify companies that best satisfied the 59,670 members who responded to our survey. We judge carriers on price, breadth of coverage, non-claims customer service, and other factors. We also rate them on claims handling, including how satisfied members are with the dollar amount they receive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Use These Other Money-Saving Tactics</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first quote you get from an insurer may not be what you ultimately pay, says Collins of the APCIA. “You may start out with a higher quote,” she says, “but when you show the steps you’ve taken to mitigate risks, it can moderate the cost.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These strategies can help:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Bundle coverage.</strong>&nbsp;Purchasing your homeowners and auto coverage from the same company can provide savings of up to 30 percent overall. You could save more, too, if you bundle your boat or motorcycle. “Bundling insurance policies also can simplify your bill paying and record-keeping,” says Loretta Worters, a spokesperson for the Insurance Information Institute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ke<strong>ep your deductible high.&nbsp;</strong>Higher deductibles equal lower premiums. Going to a $1,000 deductible from $500, for instance, can shave your premium by 25 percent, the III says. And going from $500 to $2,500 potentially saves even more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Clean up your credit.</strong> Insurers in 46 states can use what’s called a credit-based insurance score in their pricing of homeowners insurance premiums. They can also check your score regularly and use it in their renewal pricing. An analysis by PolicyGenius found that poor credit can generate a premium twice as high as good credit. To improve your odds, don’t take on too much credit card debt in the months before shopping, and pay your bills on time. Check your credit reports with annualcreditreport.com regularly to identify errors and correct them. And ask the insurer what impact your credit score is having on your premium. “In theory, the insurer should tell you the source of the score—Lexis-Nexis, Experian, for instance—so you can review it,” says Chuck Bell, programs director for advocacy at Consumer Reports. (CR has argued against the use of credit in insurance pricing, and using credit scores for homeowners pricing isn’t allowed in California, Maryland, Massachusetts, or Michigan.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Landscape with fire in mind.&nbsp;</strong>Cutting back dry brush around dwellings and outbuildings in a fire-prone area can earn you a 5 percent break on your premium. (Worters says it’s rare to see this discount in wildfire-prone California.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When You’re Ready for Home Improvements, Consider These</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You may not want to do major work on your home just to save a few hundred dollars on homeowners coverage. But if you’re prepared to do so, here are places to start.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Add or replace home systems. </strong>Replacing old plumbing and adding a home security system and gas- or water-leak detectors can lead to insurance savings of 2 to 6 percent or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Upgrade the roof.</strong> This part of your house is often where problems start, from water leaks to fires from wind-borne embers. So some insurers add a surcharge of 10 to 15 percent for older roofs. (A PolicyGenius analysis found major insurers charging from 12 to 40 percent more for a 20-year-old roof vs. a new one.) Check CR’s ratings of asphalt roofing shingles if you’re ready to replace your roof. And in a hurricane- or tornado-prone area, go to fortifiedhome.org to learn how to install an impact-resistant roof system that could be eligible for a 35 percent discount from some insurers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In Florida, you may have no choice but to upgrade your roof, by the way. Some insurers won’t cover roof damage unless the roof is newer than 10 or 15 years old, says Melanie Musson. “In that scenario, residents may not end up paying wildly inflated premiums, but they’re getting less coverage for their money,” she explains.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Mind How Your Behavior Affects Your Premium</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Pick your pets and pursuits wisely. </strong>You may love the cuteness of that Doberman puppy, but owning one could cost you more in premiums than, say, a shih tzu. Some insurers maintain that the risk of dog bites—and liability lawsuits—is greater with certain dog breeds, and they may set a surcharge or deny coverage. (Showing the carrier that your dog has passed the American Kennel Club’s Canine Good Citizen training may help you avoid an insurance surcharge.) Likewise, trampolines, pools, and other fun toys are accidents waiting to happen in insurers’ eyes. And reporting that you’re a smoker suggests you’re a fire risk. While not divulging these items can help you avoid surcharges, your insurer could drop you if it learns of them later, say, after you or someone who’s been injured files a claim. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Be cautious about how often you make a claim. </strong>Filing one every five years shouldn’t raise a red flag with your carrier and trigger a premium increase, Worters says. But more than that is pushing it. “Making three claims in two years, for instance, shows you have a proclivity for claims,” Worters says. That could raise your rates or influence your carrier not to renew your 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.consumerreports.org/money/homeowners-insurance/why-home-insurance-costs-so-much-and-how-to-pay-less-a6189826846/?itm_source=parsely-api\">click here.</a></p>\n<!-- /wp:paragraph -->','Why Home Insurance Costs So Much—and How to Pay Less','','publish','closed','closed','','why-home-insurance-costs-so-much-and-how-to-pay-less','','','2023-12-20 00:24:35','2023-12-20 00:24:35','',0,'https://smartinsurance.tips/?p=3717',0,'post','',0),(3718,1,'2023-12-20 00:21:53','2023-12-20 00:21:53','','Untitled-18','','inherit','closed','closed','','untitled-18-2','','','2023-12-20 00:21:53','2023-12-20 00:21:53','',3717,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-18.png',0,'attachment','image/png',0),(3719,1,'2023-12-20 00:24:35','2023-12-20 00:24:35','<!-- wp:paragraph -->\n<p>Blame natural disasters, the pandemic, and your location. These tips will help you whittle down rising premiums.</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\":3718,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-18-1024x1024.png\" alt=\"\" class=\"wp-image-3718\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>You don’t have to live in a disaster-prone place for your homeowners insurance bill to make you feel like disaster has struck. Homeowners insurance premiums are expected to rise significantly this year throughout the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On average, homeowners can expect to see their bills climb 7.1 percent in 2023, according to the business analytics firm S&amp;P Global Market Intelligence. That follows an even bigger jump of 12.6 percent last year, nearly double the overall inflation rate. Historically, homeowners insurance bills have risen only about 5 percent a year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What’s behind these scary numbers? Read on for answers—and for solutions to help you save money. And if you’re shopping for coverage, check Consumer Reports’ Homeowners Insurance Buying Guide. CR members can consult our exclusive survey-based homeowners insurance ratings for the best companies across the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Blame the Weather</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance experts generally agree that two major forces have pushed insurance premiums skyward. “Broadly, it’s inflation and climate change,” says Tim Zawacki, lead insurance analyst at S&amp;P Global.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There have been more very destructive weather events, including Hurricane Ida in 2021 and Ian in 2022, causing billions of dollars of damage to insured properties. In fact, the years 2019 through 2022 were the most costly three years for insurers ever, according to the American Property and Casualty Insurance Association (APCIA). The industry has responded by passing costs on to policyholders in affected states.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Florida homeowners, many of them still reeling from Ian—and from earlier premium price spikes—can expect premium increases of 40 percent [PDF] in 2023, the Insurance Information Institute, an industry group, projects. In Louisiana, still recovering from Ida, policyholders in the pricey high-risk insurance pool will see premiums swell by an average of 63 percent when they renew this year. Those unlucky folks represent a tenth of all the state’s insured homeowners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“But it’s not just hurricanes that have had an impact,” says Karen Collins, a vice president at APCIA. “It’s storm events like tornadoes and hail, and also wildfires.” In 2022 residents of Colorado, for instance, which has suffered from mudslides and wildfires, got jolted by a 16.7 percent premium increase, on average, not far behind windstorm-prone Louisiana (27.6 percent), South Carolina (19.7 percent), and Florida (19 percent).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Building Inflation Hits Hard</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Higher construction costs have a big impact on what homeowners will see in their policy renewal letters this year. When material and labor expenses go up, so do premiums. Between 2020 and 2022, pandemic supply-chain kinks, coupled with heavy demand, boosted the price of residential construction materials by 33.9 percent, according to the Bureau of Labor Statistics. Workers also became harder to find, forcing builders to raise wages. Though prices have dropped for some materials—like lumber—that inflation hasn’t completely abated.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Demographic shifts can also play a role. South Carolina’s 19.7 percent jump last year was partly due to its growing population, which ratcheted up demand for new homes, Zawacki says. “Local costs for labor and materials are factored into the replacement cost formula, which drives premiums.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What You Can Do to Save on Homeowners Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you want to hunt down the best value for your insurance dollar, comparison shopping is a good way to start. Companies don’t judge you and your property identically, so you may get a more favorable price from one company than from another. Just make sure you’re comparing coverage apples to apples.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re worried about losing your standing as a longtime customer, you don’t necessarily need to be. While your current insurer may provide a 5 or 10 percent loyalty discount, staying put may also be sending it the message that overall price hikes won’t send you running to a competitor. Just 13 percent of Consumer Reports members in a recent survey said they regularly shop for new coverage. But among the 7,075 who did switch to a new carrier within the five-year period covered by our survey, 39 percent said they did so because they got a better price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep in mind that in this inflationary period, it’s key to establish the right replacement cost for your home so you’ll be covered in the event it gets destroyed. For that reason, Zawacki favors using a local, independent agent or broker who sells policies from several insurance companies vs. an online vendor. These professionals can go over how the different companies have determined the replacement cost of your home, and they also may recommend policy add-ons that can help your coverage keep up with inflation. (Find an agent through Trusted Choice, which is affiliated with numerous such companies.) </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’d rather hunt for coverage online, consider websites such as Insure.com, NetQuote, SelectQuote, and TheZebra, which provide initial quotes from a variety of insurers. Also check with your state insurance department, which may publish rate comparisons. Floridians, for instance, can go to Florida’s Office of Insurance Regulation; Californians, to the California Department of Insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>CR members can consult Consumer Reports homeowners insurance ratings to identify companies that best satisfied the 59,670 members who responded to our survey. We judge carriers on price, breadth of coverage, non-claims customer service, and other factors. We also rate them on claims handling, including how satisfied members are with the dollar amount they receive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Use These Other Money-Saving Tactics</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first quote you get from an insurer may not be what you ultimately pay, says Collins of the APCIA. “You may start out with a higher quote,” she says, “but when you show the steps you’ve taken to mitigate risks, it can moderate the cost.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These strategies can help:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Bundle coverage.</strong>&nbsp;Purchasing your homeowners and auto coverage from the same company can provide savings of up to 30 percent overall. You could save more, too, if you bundle your boat or motorcycle. “Bundling insurance policies also can simplify your bill paying and record-keeping,” says Loretta Worters, a spokesperson for the Insurance Information Institute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ke<strong>ep your deductible high.&nbsp;</strong>Higher deductibles equal lower premiums. Going to a $1,000 deductible from $500, for instance, can shave your premium by 25 percent, the III says. And going from $500 to $2,500 potentially saves even more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Clean up your credit.</strong> Insurers in 46 states can use what’s called a credit-based insurance score in their pricing of homeowners insurance premiums. They can also check your score regularly and use it in their renewal pricing. An analysis by PolicyGenius found that poor credit can generate a premium twice as high as good credit. To improve your odds, don’t take on too much credit card debt in the months before shopping, and pay your bills on time. Check your credit reports with annualcreditreport.com regularly to identify errors and correct them. And ask the insurer what impact your credit score is having on your premium. “In theory, the insurer should tell you the source of the score—Lexis-Nexis, Experian, for instance—so you can review it,” says Chuck Bell, programs director for advocacy at Consumer Reports. (CR has argued against the use of credit in insurance pricing, and using credit scores for homeowners pricing isn’t allowed in California, Maryland, Massachusetts, or Michigan.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Landscape with fire in mind.&nbsp;</strong>Cutting back dry brush around dwellings and outbuildings in a fire-prone area can earn you a 5 percent break on your premium. (Worters says it’s rare to see this discount in wildfire-prone California.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When You’re Ready for Home Improvements, Consider These</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You may not want to do major work on your home just to save a few hundred dollars on homeowners coverage. But if you’re prepared to do so, here are places to start.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Add or replace home systems. </strong>Replacing old plumbing and adding a home security system and gas- or water-leak detectors can lead to insurance savings of 2 to 6 percent or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Upgrade the roof.</strong> This part of your house is often where problems start, from water leaks to fires from wind-borne embers. So some insurers add a surcharge of 10 to 15 percent for older roofs. (A PolicyGenius analysis found major insurers charging from 12 to 40 percent more for a 20-year-old roof vs. a new one.) Check CR’s ratings of asphalt roofing shingles if you’re ready to replace your roof. And in a hurricane- or tornado-prone area, go to fortifiedhome.org to learn how to install an impact-resistant roof system that could be eligible for a 35 percent discount from some insurers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In Florida, you may have no choice but to upgrade your roof, by the way. Some insurers won’t cover roof damage unless the roof is newer than 10 or 15 years old, says Melanie Musson. “In that scenario, residents may not end up paying wildly inflated premiums, but they’re getting less coverage for their money,” she explains.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Mind How Your Behavior Affects Your Premium</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Pick your pets and pursuits wisely. </strong>You may love the cuteness of that Doberman puppy, but owning one could cost you more in premiums than, say, a shih tzu. Some insurers maintain that the risk of dog bites—and liability lawsuits—is greater with certain dog breeds, and they may set a surcharge or deny coverage. (Showing the carrier that your dog has passed the American Kennel Club’s Canine Good Citizen training may help you avoid an insurance surcharge.) Likewise, trampolines, pools, and other fun toys are accidents waiting to happen in insurers’ eyes. And reporting that you’re a smoker suggests you’re a fire risk. While not divulging these items can help you avoid surcharges, your insurer could drop you if it learns of them later, say, after you or someone who’s been injured files a claim. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Be cautious about how often you make a claim. </strong>Filing one every five years shouldn’t raise a red flag with your carrier and trigger a premium increase, Worters says. But more than that is pushing it. “Making three claims in two years, for instance, shows you have a proclivity for claims,” Worters says. That could raise your rates or influence your carrier not to renew your 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.consumerreports.org/money/homeowners-insurance/why-home-insurance-costs-so-much-and-how-to-pay-less-a6189826846/?itm_source=parsely-api\">click here.</a></p>\n<!-- /wp:paragraph -->','Why Home Insurance Costs So Much—and How to Pay Less','','inherit','closed','closed','','3717-revision-v1','','','2023-12-20 00:24:35','2023-12-20 00:24:35','',3717,'https://smartinsurance.tips/?p=3719',0,'revision','',0),(3720,1,'2023-12-20 01:15:40','2023-12-20 01:15:40','<!-- wp:paragraph -->\n<p>Similar coverage—but different policies.</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\":3724,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-19-1024x1024.png\" alt=\"\" class=\"wp-image-3724\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you own a home, a good insurance policy can provide peace of mind and help you avoid devastating financial losses if something bad happens. Home insurance covers the home, your belongings, and liability claims, but the policy you need depends on your home type. If you own a modular home, a standard insurance policy should suffice, but if you own a manufactured home, you will need a special policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Home insurance covers the home, your personal belongings, and liability claims.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Modular homes are insured with standard homeowners insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Manufactured homes require special policies designed for manufactured and mobile homes.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">What Is a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Modular homes are built off-site in indoor facilities. Each home is built in sections (aka modules) that are transported to a building site and assembled, usually with the help of a crane. Unlike a&nbsp;manufactured home, you can’t move a modular home once it’s been attached to a permanent foundation,&nbsp;such as a slab, crawlspace, or basement—just like a site-built (or stick-built) home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Modular homes can be on a single level or have multiple stories, and they can be virtually indistinguishable from traditional, site-built homes in design, features, and construction. In fact, modular homes are built to the same building standards as site-built homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">What Is a Manufactured Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Manufactured homes have two defining characteristics: They’re built in factories instead of on-site, and they sit on a movable chassis instead of a slab, crawlspace, or basement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though manufactured homes can be moved after the initial installation, most stay put because they are expensive to transport. Manufactured homes are always one story, but they come in several sizes, including single wide, double wide, and triple wide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-15\">What Is a Mobile Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">While the terms “manufactured home” and “mobile home” often are used interchangeably, they do differ. Both have been built in factories, and both rest on a movable chassis. The distinction comes down to when the home was built.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The U.S. Department of Housing and Urban Development (HUD)\'s Manufactured Home Construction and Safety Standards were established on June 15, 1976. So, mobile homes built before that date do not meet HUD\'s standards for manufactured homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-20\">Modular Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">If you own a modular home, you can buy a standard&nbsp;homeowners insurance&nbsp;policy to protect your investment. Because there aren’t any specific insurance risks for modular homes, the coverages are the same as those for a traditional home, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>State Farm stopped accepting new applications for home insurance in California, including all business and personal lines property and casualty insurance, on May 27, 2023. Existing policies and personal auto insurance policies were not impacted by this change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-25\"><!-- wp:list-item -->\n<li><strong>Dwelling Coverage:&nbsp;</strong>This helps pay to repair or rebuild your home if it’s damaged by a&nbsp;covered peril, such as a fire or wind storm. The coverage applies to the physical structure of your home; any attached structures, such as a garage or deck; and any built-in appliances, such as a furnace or water heater.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Personal Property Coverage:&nbsp;</strong>This helps pay repair or replace personal property that’s damaged by a covered peril. It usually covers damage and theft, whether the property is in your home or somewhere else. For example, if you take your laptop on vacation and it gets stolen, insurance would cover the loss (depending on the policy, of course).&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Liability Protection:&nbsp;</strong>This helps pay for medical and legal costs if a household member is found liable for damage to someone else’s property or if a non-household member is injured at your home. Falls and dog bites are two of the most common incidents that trigger liability claims.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: <em>Homeowners insurance usually doesn’t cover a modular home while it’s being built, transported, set, and finished.</em> Progressive. \"How Does Mobile Home Insurance Work?\"<em>&nbsp;Be sure your modular manufacturer and builder have adequate insurance (including sufficient liability insurance and workers’ compensation) and consider buying a builder’s risk policy.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">HO-3 Insurance Policies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">The most common type of homeowners insurance is called an HO-3, or a special form policy. These policies provide&nbsp;all-risks coverage&nbsp;for the home (including modular homes) and personal property. By default, an HO-3 policy covers your home at its&nbsp;replacement cost&nbsp;and your personal property at its&nbsp;actual cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">HO-3 policies protect against losses from any cause that’s not specifically excluded in the policy. While that may sound all-encompassing, many perils are commonly excluded, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-34\"><!-- wp:list-item -->\n<li>Animals owned by the insured</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Birds, vermin, rodents, and insects</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Discharge, dispersal, and seepage of pollutants</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Earth movement (defined as shifting, expanding, rising, contracting, and sinking of the earth)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Government action</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Intentional loss (e.g., arson)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mechanical failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mold, fungus, or wet rot (unless water accidentally discharges or overflows)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Neglect</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Nuclear hazard</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ordinance or law (meaning the cost to rebuild a home that has been destroyed, plus the cost to upgrade it to meet current building codes after a covered loss)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Power failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Settling, shrinking, bulging, or expanding of the home’s foundation, walls, or other structural elements</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage from smog, rust, and corrosion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Smoke from agricultural and industrial operations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft while the home is under construction</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalism or malicious mischief if the home is vacant for more than 60 days</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>War</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage from flooding, sewer backups, or seepage from the ground</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Wear and tear</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">In general,&nbsp;you can customize your home insurance policy&nbsp;to get the coverage you need. For example, you can add an&nbsp;endorsement&nbsp;to cover an excluded peril, or you can bump up your coverage limits if you have, say, a collection of&nbsp;valuable Star Wars memorabilia&nbsp;(say an Obi-Wan Kenobi with a double-telescoping lightsaber and a vinyl-cape Jawa).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Mobile Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Mobile and manufactured homes are typically covered with an HO-7&nbsp;or a&nbsp;mobile home form policy.&nbsp;HO-7s are virtually identical to HO-3s (standard homeowners insurance policies), and, just like HO-3s, they provide dwelling coverage, personal property coverage, and liability protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Still, even though the two policies are similar, you can’t insure a mobile home or manufactured home with a standard homeowners insurance policy. You must buy a policy that’s specially designed for a mobile or manufactured home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Most mobile home insurance policies don’t provide coverage while the home is in transit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Mobile home insurance is generally more expensive than standard homeowners insurance. That’s because mobile and manufactured homes are less able to withstand incidents such as floods and&nbsp;fires, more susceptible to wind damage, and tend to be at a higher risk for theft and vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-47\">How Much Does Home Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-48\">Whether you own a modular or manufactured home, your insurance costs will depend on a variety of factors, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-50\"><!-- wp:list-item -->\n<li>The home’s age, size, and value</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The value of your personal belongings</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The physical address of the home (location-based factors such as the risk of severe weather, floods, and wildfires—as well as local crime rates—affect the cost)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The building materials used</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>History of repairs and renovations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Existing claims on your home policy</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s safety devices, such as smoke detectors, fire extinguishers, and sprinklers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s security features, including deadbolts, alarm systems, security gates, and fireproof safes</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Whether you own or rent the lot where the home is located (if it’s a manufactured home)</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">The cost will also depend on the coverage limits and deductibles you pick. Most of the time you pay less if you choose lower coverage limits and a higher deductible. Conversely, you pay more if you elect higher coverage limits and a lower deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is a Modular Insurance Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A modular home can be covered with a standard homeowners insurance policy. This will cover the home, belongings, and personal liability.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Primary Difference Between a Manufactured Home and a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes are attached to a permanent foundation, and manufactured homes are not. This makes manufactured homes more susceptible to certain types of damage—such as from wind—and it is why a standard homeowners policy is not sufficient.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Disadvantage of Modular Homes?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes come with different risks than homes that are built entirely on site. Even though a modular home is attached to a foundation, its modules need to be transported to the building site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-60\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-61\">Home insurance covers your home, personal belongings, and liability claims. If you own a modular home, you can buy a standard homeowners insurance policy. Mobile and manufactured homeowners can buy similar policies that are designed specifically for these types of homes.&nbsp;No matter what type of home you own, a good insurance policy can give you peace of mind and protect you from devastating financial losses.</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/modular-vs-manufactured-home-insurance-5074202\">click here.</a></p>\n<!-- /wp:paragraph -->','Modular vs. Manufactured Home Insurance','','publish','closed','closed','','modular-vs-manufactured-home-insurance','','','2023-12-20 01:17:24','2023-12-20 01:17:24','',0,'https://smartinsurance.tips/?p=3720',0,'post','',0),(3721,1,'2023-12-20 00:49:56','2023-12-20 00:49:56','','Untitled-20','','inherit','closed','closed','','untitled-20-2','','','2023-12-20 00:49:56','2023-12-20 00:49:56','',3720,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-20.png',0,'attachment','image/png',0),(3722,1,'2023-12-20 01:15:40','2023-12-20 01:15:40','<!-- wp:paragraph -->\n<p>Similar coverage—but different policies.</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\":3721,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-20-1024x1024.png\" alt=\"\" class=\"wp-image-3721\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you own a home, a good insurance policy can provide peace of mind and help you avoid devastating financial losses if something bad happens. Home insurance covers the home, your belongings, and liability claims, but the policy you need depends on your home type. If you own a modular home, a standard insurance policy should suffice, but if you own a manufactured home, you will need a special policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Home insurance covers the home, your personal belongings, and liability claims.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Modular homes are insured with standard homeowners insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Manufactured homes require special policies designed for manufactured and mobile homes.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">What Is a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Modular homes are built off-site in indoor facilities. Each home is built in sections (aka modules) that are transported to a building site and assembled, usually with the help of a crane. Unlike a manufactured home, you can’t move a modular home once it’s been attached to a permanent foundation, such as a slab, crawlspace, or basement—just like a site-built (or stick-built) home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Modular homes can be on a single level or have multiple stories, and they can be virtually indistinguishable from traditional, site-built homes in design, features, and construction. In fact, modular homes are built to the same building standards as site-built homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">What Is a Manufactured Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Manufactured homes have two defining characteristics: They’re built in factories instead of on-site, and they sit on a movable chassis instead of a slab, crawlspace, or basement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though manufactured homes can be moved after the initial installation, most stay put because they are expensive to transport. Manufactured homes are always one story, but they come in several sizes, including single wide, double wide, and triple wide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-15\">What Is a Mobile Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">While the terms “manufactured home” and “mobile home” often are used interchangeably, they do differ. Both have been built in factories, and both rest on a movable chassis. The distinction comes down to when the home was built.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The U.S. Department of Housing and Urban Development (HUD)\'s Manufactured Home Construction and Safety Standards were established on June 15, 1976. So, mobile homes built before that date do not meet HUD\'s standards for manufactured homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-20\">Modular Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">If you own a modular home, you can buy a standard homeowners insurance policy to protect your investment. Because there aren’t any specific insurance risks for modular homes, the coverages are the same as those for a traditional home, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>State Farm stopped accepting new applications for home insurance in California, including all business and personal lines property and casualty insurance, on May 27, 2023. Existing policies and personal auto insurance policies were not impacted by this change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-25\"><!-- wp:list-item -->\n<li><strong>Dwelling Coverage: </strong>This helps pay to repair or rebuild your home if it’s damaged by a covered peril, such as a fire or wind storm. The coverage applies to the physical structure of your home; any attached structures, such as a garage or deck; and any built-in appliances, such as a furnace or water heater.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Personal Property Coverage:&nbsp;</strong>This helps pay repair or replace personal property that’s damaged by a covered peril. It usually covers damage and theft, whether the property is in your home or somewhere else. For example, if you take your laptop on vacation and it gets stolen, insurance would cover the loss (depending on the policy, of course).&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Liability Protection: </strong>This helps pay for medical and legal costs if a household member is found liable for damage to someone else’s property or if a non-household member is injured at your home. Falls and dog bites are two of the most common incidents that trigger liability claims.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: <em>Homeowners insurance usually doesn’t cover a modular home while it’s being built, transported, set, and finished.</em> Progressive. \"How Does Mobile Home Insurance Work?\"<em> Be sure your modular manufacturer and builder have adequate insurance (including sufficient liability insurance and workers’ compensation) and consider buying a builder’s risk policy.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">HO-3 Insurance Policies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">The most common type of homeowners insurance is called an HO-3, or a special form policy. These policies provide all-risks coverage for the home (including modular homes) and personal property. By default, an HO-3 policy covers your home at its replacement cost and your personal property at its actual cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">HO-3 policies protect against losses from any cause that’s not specifically excluded in the policy. While that may sound all-encompassing, many perils are commonly excluded, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-34\"><!-- wp:list-item -->\n<li>Animals owned by the insured</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Birds, vermin, rodents, and insects</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Discharge, dispersal, and seepage of pollutants</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Earth movement (defined as shifting, expanding, rising, contracting, and sinking of the earth)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Government action</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Intentional loss (e.g., arson)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mechanical failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mold, fungus, or wet rot (unless water accidentally discharges or overflows)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Neglect</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Nuclear hazard</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ordinance or law (meaning the cost to rebuild a home that has been destroyed, plus the cost to upgrade it to meet current building codes after a covered loss)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Power failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Settling, shrinking, bulging, or expanding of the home’s foundation, walls, or other structural elements</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage from smog, rust, and corrosion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Smoke from agricultural and industrial operations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft while the home is under construction</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalism or malicious mischief if the home is vacant for more than 60 days</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>War</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage from flooding, sewer backups, or seepage from the ground</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Wear and tear</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">In general, you can customize your home insurance policy to get the coverage you need. For example, you can add an endorsement to cover an excluded peril, or you can bump up your coverage limits if you have, say, a collection of valuable Star Wars memorabilia (say an Obi-Wan Kenobi with a double-telescoping lightsaber and a vinyl-cape Jawa).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Mobile Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Mobile and manufactured homes are typically covered with an HO-7 or a mobile home form policy. HO-7s are virtually identical to HO-3s (standard homeowners insurance policies), and, just like HO-3s, they provide dwelling coverage, personal property coverage, and liability protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Still, even though the two policies are similar, you can’t insure a mobile home or manufactured home with a standard homeowners insurance policy. You must buy a policy that’s specially designed for a mobile or manufactured home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Most mobile home insurance policies don’t provide coverage while the home is in transit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Mobile home insurance is generally more expensive than standard homeowners insurance. That’s because mobile and manufactured homes are less able to withstand incidents such as floods and fires, more susceptible to wind damage, and tend to be at a higher risk for theft and vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-47\">How Much Does Home Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-48\">Whether you own a modular or manufactured home, your insurance costs will depend on a variety of factors, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-50\"><!-- wp:list-item -->\n<li>The home’s age, size, and value</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The value of your personal belongings</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The physical address of the home (location-based factors such as the risk of severe weather, floods, and wildfires—as well as local crime rates—affect the cost)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The building materials used</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>History of repairs and renovations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Existing claims on your home policy</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s safety devices, such as smoke detectors, fire extinguishers, and sprinklers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s security features, including deadbolts, alarm systems, security gates, and fireproof safes</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Whether you own or rent the lot where the home is located (if it’s a manufactured home)</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">The cost will also depend on the coverage limits and deductibles you pick. Most of the time you pay less if you choose lower coverage limits and a higher deductible. Conversely, you pay more if you elect higher coverage limits and a lower deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is a Modular Insurance Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A modular home can be covered with a standard homeowners insurance policy. This will cover the home, belongings, and personal liability.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Primary Difference Between a Manufactured Home and a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes are attached to a permanent foundation, and manufactured homes are not. This makes manufactured homes more susceptible to certain types of damage—such as from wind—and it is why a standard homeowners policy is not sufficient.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Disadvantage of Modular Homes?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes come with different risks than homes that are built entirely on site. Even though a modular home is attached to a foundation, its modules need to be transported to the building site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-60\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-61\">Home insurance covers your home, personal belongings, and liability claims. If you own a modular home, you can buy a standard homeowners insurance policy. Mobile and manufactured homeowners can buy similar policies that are designed specifically for these types of homes. No matter what type of home you own, a good insurance policy can give you peace of mind and protect you from devastating financial losses.</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/modular-vs-manufactured-home-insurance-5074202\">click here.</a></p>\n<!-- /wp:paragraph -->','Modular vs. Manufactured Home Insurance','','inherit','closed','closed','','3720-revision-v1','','','2023-12-20 01:15:40','2023-12-20 01:15:40','',3720,'https://smartinsurance.tips/?p=3722',0,'revision','',0),(3723,1,'2023-12-20 01:44:14','2023-12-20 01:44:14','<!-- wp:paragraph -->\n<p>Vacation home insurance can protect your investment.</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\":3726,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-20-1-1024x1024.png\" alt=\"\" class=\"wp-image-3726\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Owning a vacation home may be one of your big financial goals, and it’s important to make certain that your investment is protected. Having the right homeowners insurance can ensure that your vacation property is covered against damages from fire, wind, and other perils. In most cases you’ll need to purchase a separate policy to cover a second home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">If your vacation home has a mortgage, your lender may require property insurance as a condition of borrowing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>If you own a second home, you may need a separate homeowners insurance policy to cover it.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mortgage lenders may require a separate home insurance policy for vacation properties.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s age, condition, amenities, and location can influence the amount you’ll pay for a homeowners insurance policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Additional insurance coverage may be needed if you plan to rent out your vacation or second home as a short-term rental.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">What Is Vacation Home Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">If you plan to buy a second or vacation home, you’ll most likely need vacation home insurance. This is a type of homeowners insurance policy that covers a home you own but don’t live in full-time.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Vacation homes are typically viewed as being higher risk by insurance companies because they aren’t occupied all of the time. If you own a beachfront home, for example, the risk of theft or vandalism may be higher if you and your neighbors only visit periodically. Likewise, it may take longer to detect water damage with a second home that’s left unoccupied, which could increase the likelihood of the insurance company having to pay out a claim for damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip:</strong> Vacation home insurance is not the same as vacant home insurance, which covers properties that remain empty for extended periods of time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-13\">What Does Vacation Home Insurance Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">A vacation home insurance policy isn’t exactly identical to traditional homeowners insurance, as the home isn’t being lived in all the time. Instead of covering all the things that a typical homeowners policy might cover, your insurance company may build your policy around named perils only.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">This means the policy for your second home will list a specific set of events that are covered, which may include damage from:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-18\"><!-- wp:list-item -->\n<li>Fire and smoke</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lightning</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Explosions</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">Liability coverage may also be included, which would cover any personal injuries sustained by someone while they’re on the property. The policy could include medical payments coverage as well to pay for someone’s medical bills if they’re injured. Still, it’s possible that if you already have a homeowners insurance policy in place for your primary residence, your insurer could extend those coverages to a vacation or second home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> When purchasing vacation home insurance, take time to read your policy’s home insurance declaration page, which explains the details of the property being covered, your coverage limits, deductibles, and premiums. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">How Much Does Vacation Home Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Vacation home insurance could end up being more expensive than your regular homeowners insurance, depending on the type of coverage you need. There are a number of factors that influence your premium costs related to the home, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-27\"><!-- wp:list-item -->\n<li><strong>Location—</strong>Vacation or second homes in areas that are prone to flooding, hurricanes, or other natural disaster-related events may come with higher premium costs. A home that’s located in an area that experiences earthquakes, forest fires, or mudslides could also be more expensive to insure.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Condition and Age—</strong>Aside from location, insurance companies also look closely at the age and overall condition of the home when determining premiums. An older home that’s been neglected in terms of maintenance or upkeep will typically cost more to insure than a newer home or one that’s been well maintained.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Property Type—</strong>The type of home can also make a difference when getting vacation home insurance. A small mountain cabin, for instance, may cost less to insure than a three-story beachfront property. The home’s amenities can also make a difference. Having a pool on the property, for instance, can result in paying higher premiums, as pools increase risk for insurers.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-29\">It’s important to keep in mind that vacation home insurance might also require secondary coverage, depending on where the home is located. If you have a beachfront home or a second home located near a lake or river, you may need to get a separate flood insurance policy. Keep in mind that flood insurance may have its own limits with regard to what’s covered and what’s not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">If your vacation home is at risk of damage from hurricanes, you will want to be sure that you have enough coverage in place to protect your investment. Your standard vacation home policy may not cover all hurricane damage, but hurricane policies do supply this protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip:</strong> If you plan to rent your vacation home long-term, you may want to consider a landlord policy, which can cover you for damages while also replacing lost income if the property is being rebuilt or repaired following a covered loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Renting Out a Vacation Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Owning a vacation home can be great when you need an escape from the hustle and bustle. You may also view it as a potential moneymaker if you can rent the home out when you’re not using it. Still, it’s important to know that doing so could require you to purchase additional home insurance coverage for liability, bodily injury, and medical payments. Also, more coverage means paying higher premiums to insure your second home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Depending on how long the home will be used for rentals, you may need a short-term or long-term rental insurance policy. It’s possible that your insurance company may allow you to add an endorsement to an existing policy for short-term rental coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">You should also be aware that rental coverage protects you as the homeowner but not your renter’s personal belongings. For that reason it may be wise to encourage renters to purchase their own renter’s insurance policy to protect themselves against losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>If you plan to rent a vacation or second home via Airbnb or a similar platform, first check the ordinance and zoning laws where the property is located, as some municipalities have begun to prohibit or restrict short-term rentals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-44\">How To Buy Vacation Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">If you’re planning to buy a vacation or second home, purchasing insurance for it is similar to buying homeowners insurance for a primary residence. It starts with doing some comparison shopping. When comparing policies from different insurers, it helps to look at:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-47\"><!-- wp:list-item -->\n<li>What is and isn’t covered</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Any exclusions related to specific property types or amenities on the property</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Premiums and deductibles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Discounts you may be able to take advantage of to reduce your premium costs</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Depending on your insurer, you may be able to lower your premiums for second home insurance by bundling policies or installing a home security system. Likewise, your insurer may offer discounts for installing smoke detectors or carbon monoxide detectors. Asking about these and other discounts that may be available before you buy can help you find the best deal on vacation home insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/vacation-home-insurance-how-to-insure-your-second-home-5074122\">click here.</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p> </p>\n<!-- /wp:paragraph -->','Vacation Home Insurance: How To Insure Your Second Home','','publish','closed','closed','','vacation-home-insurance-how-to-insure-your-second-home','','','2023-12-20 01:44:14','2023-12-20 01:44:14','',0,'https://smartinsurance.tips/?p=3723',0,'post','',0),(3724,1,'2023-12-20 01:17:05','2023-12-20 01:17:05','','Untitled-19','','inherit','closed','closed','','untitled-19-2','','','2023-12-20 01:17:05','2023-12-20 01:17:05','',3720,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-19.png',0,'attachment','image/png',0),(3725,1,'2023-12-20 01:17:24','2023-12-20 01:17:24','<!-- wp:paragraph -->\n<p>Similar coverage—but different policies.</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\":3724,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-19-1024x1024.png\" alt=\"\" class=\"wp-image-3724\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you own a home, a good insurance policy can provide peace of mind and help you avoid devastating financial losses if something bad happens. Home insurance covers the home, your belongings, and liability claims, but the policy you need depends on your home type. If you own a modular home, a standard insurance policy should suffice, but if you own a manufactured home, you will need a special policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Home insurance covers the home, your personal belongings, and liability claims.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Modular homes are insured with standard homeowners insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Manufactured homes require special policies designed for manufactured and mobile homes.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">What Is a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Modular homes are built off-site in indoor facilities. Each home is built in sections (aka modules) that are transported to a building site and assembled, usually with the help of a crane. Unlike a&nbsp;manufactured home, you can’t move a modular home once it’s been attached to a permanent foundation,&nbsp;such as a slab, crawlspace, or basement—just like a site-built (or stick-built) home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Modular homes can be on a single level or have multiple stories, and they can be virtually indistinguishable from traditional, site-built homes in design, features, and construction. In fact, modular homes are built to the same building standards as site-built homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">What Is a Manufactured Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Manufactured homes have two defining characteristics: They’re built in factories instead of on-site, and they sit on a movable chassis instead of a slab, crawlspace, or basement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though manufactured homes can be moved after the initial installation, most stay put because they are expensive to transport. Manufactured homes are always one story, but they come in several sizes, including single wide, double wide, and triple wide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-15\">What Is a Mobile Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">While the terms “manufactured home” and “mobile home” often are used interchangeably, they do differ. Both have been built in factories, and both rest on a movable chassis. The distinction comes down to when the home was built.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The U.S. Department of Housing and Urban Development (HUD)\'s Manufactured Home Construction and Safety Standards were established on June 15, 1976. So, mobile homes built before that date do not meet HUD\'s standards for manufactured homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-20\">Modular Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">If you own a modular home, you can buy a standard&nbsp;homeowners insurance&nbsp;policy to protect your investment. Because there aren’t any specific insurance risks for modular homes, the coverages are the same as those for a traditional home, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>State Farm stopped accepting new applications for home insurance in California, including all business and personal lines property and casualty insurance, on May 27, 2023. Existing policies and personal auto insurance policies were not impacted by this change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-25\"><!-- wp:list-item -->\n<li><strong>Dwelling Coverage:&nbsp;</strong>This helps pay to repair or rebuild your home if it’s damaged by a&nbsp;covered peril, such as a fire or wind storm. The coverage applies to the physical structure of your home; any attached structures, such as a garage or deck; and any built-in appliances, such as a furnace or water heater.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Personal Property Coverage:&nbsp;</strong>This helps pay repair or replace personal property that’s damaged by a covered peril. It usually covers damage and theft, whether the property is in your home or somewhere else. For example, if you take your laptop on vacation and it gets stolen, insurance would cover the loss (depending on the policy, of course).&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Liability Protection:&nbsp;</strong>This helps pay for medical and legal costs if a household member is found liable for damage to someone else’s property or if a non-household member is injured at your home. Falls and dog bites are two of the most common incidents that trigger liability claims.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: <em>Homeowners insurance usually doesn’t cover a modular home while it’s being built, transported, set, and finished.</em> Progressive. \"How Does Mobile Home Insurance Work?\"<em>&nbsp;Be sure your modular manufacturer and builder have adequate insurance (including sufficient liability insurance and workers’ compensation) and consider buying a builder’s risk policy.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">HO-3 Insurance Policies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">The most common type of homeowners insurance is called an HO-3, or a special form policy. These policies provide&nbsp;all-risks coverage&nbsp;for the home (including modular homes) and personal property. By default, an HO-3 policy covers your home at its&nbsp;replacement cost&nbsp;and your personal property at its&nbsp;actual cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">HO-3 policies protect against losses from any cause that’s not specifically excluded in the policy. While that may sound all-encompassing, many perils are commonly excluded, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-34\"><!-- wp:list-item -->\n<li>Animals owned by the insured</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Birds, vermin, rodents, and insects</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Discharge, dispersal, and seepage of pollutants</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Earth movement (defined as shifting, expanding, rising, contracting, and sinking of the earth)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Government action</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Intentional loss (e.g., arson)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mechanical failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mold, fungus, or wet rot (unless water accidentally discharges or overflows)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Neglect</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Nuclear hazard</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ordinance or law (meaning the cost to rebuild a home that has been destroyed, plus the cost to upgrade it to meet current building codes after a covered loss)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Power failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Settling, shrinking, bulging, or expanding of the home’s foundation, walls, or other structural elements</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage from smog, rust, and corrosion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Smoke from agricultural and industrial operations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft while the home is under construction</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalism or malicious mischief if the home is vacant for more than 60 days</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>War</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage from flooding, sewer backups, or seepage from the ground</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Wear and tear</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">In general,&nbsp;you can customize your home insurance policy&nbsp;to get the coverage you need. For example, you can add an&nbsp;endorsement&nbsp;to cover an excluded peril, or you can bump up your coverage limits if you have, say, a collection of&nbsp;valuable Star Wars memorabilia&nbsp;(say an Obi-Wan Kenobi with a double-telescoping lightsaber and a vinyl-cape Jawa).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Mobile Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Mobile and manufactured homes are typically covered with an HO-7&nbsp;or a&nbsp;mobile home form policy.&nbsp;HO-7s are virtually identical to HO-3s (standard homeowners insurance policies), and, just like HO-3s, they provide dwelling coverage, personal property coverage, and liability protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Still, even though the two policies are similar, you can’t insure a mobile home or manufactured home with a standard homeowners insurance policy. You must buy a policy that’s specially designed for a mobile or manufactured home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Most mobile home insurance policies don’t provide coverage while the home is in transit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Mobile home insurance is generally more expensive than standard homeowners insurance. That’s because mobile and manufactured homes are less able to withstand incidents such as floods and&nbsp;fires, more susceptible to wind damage, and tend to be at a higher risk for theft and vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-47\">How Much Does Home Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-48\">Whether you own a modular or manufactured home, your insurance costs will depend on a variety of factors, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-50\"><!-- wp:list-item -->\n<li>The home’s age, size, and value</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The value of your personal belongings</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The physical address of the home (location-based factors such as the risk of severe weather, floods, and wildfires—as well as local crime rates—affect the cost)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The building materials used</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>History of repairs and renovations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Existing claims on your home policy</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s safety devices, such as smoke detectors, fire extinguishers, and sprinklers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s security features, including deadbolts, alarm systems, security gates, and fireproof safes</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Whether you own or rent the lot where the home is located (if it’s a manufactured home)</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">The cost will also depend on the coverage limits and deductibles you pick. Most of the time you pay less if you choose lower coverage limits and a higher deductible. Conversely, you pay more if you elect higher coverage limits and a lower deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is a Modular Insurance Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A modular home can be covered with a standard homeowners insurance policy. This will cover the home, belongings, and personal liability.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Primary Difference Between a Manufactured Home and a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes are attached to a permanent foundation, and manufactured homes are not. This makes manufactured homes more susceptible to certain types of damage—such as from wind—and it is why a standard homeowners policy is not sufficient.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Disadvantage of Modular Homes?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes come with different risks than homes that are built entirely on site. Even though a modular home is attached to a foundation, its modules need to be transported to the building site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-60\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-61\">Home insurance covers your home, personal belongings, and liability claims. If you own a modular home, you can buy a standard homeowners insurance policy. Mobile and manufactured homeowners can buy similar policies that are designed specifically for these types of homes.&nbsp;No matter what type of home you own, a good insurance policy can give you peace of mind and protect you from devastating financial losses.</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/modular-vs-manufactured-home-insurance-5074202\">click here.</a></p>\n<!-- /wp:paragraph -->','Modular vs. Manufactured Home Insurance','','inherit','closed','closed','','3720-revision-v1','','','2023-12-20 01:17:24','2023-12-20 01:17:24','',3720,'https://smartinsurance.tips/?p=3725',0,'revision','',0),(3726,1,'2023-12-20 01:23:07','2023-12-20 01:23:07','','Untitled-20-1','','inherit','closed','closed','','untitled-20-1','','','2023-12-20 01:23:07','2023-12-20 01:23:07','',3723,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-20-1.png',0,'attachment','image/png',0),(3727,1,'2023-12-20 01:44:14','2023-12-20 01:44:14','<!-- wp:paragraph -->\n<p>Vacation home insurance can protect your investment.</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\":3726,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-20-1-1024x1024.png\" alt=\"\" class=\"wp-image-3726\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Owning a vacation home may be one of your big financial goals, and it’s important to make certain that your investment is protected. Having the right homeowners insurance can ensure that your vacation property is covered against damages from fire, wind, and other perils. In most cases you’ll need to purchase a separate policy to cover a second home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">If your vacation home has a mortgage, your lender may require property insurance as a condition of borrowing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>If you own a second home, you may need a separate homeowners insurance policy to cover it.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mortgage lenders may require a separate home insurance policy for vacation properties.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s age, condition, amenities, and location can influence the amount you’ll pay for a homeowners insurance policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Additional insurance coverage may be needed if you plan to rent out your vacation or second home as a short-term rental.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">What Is Vacation Home Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">If you plan to buy a second or vacation home, you’ll most likely need vacation home insurance. This is a type of homeowners insurance policy that covers a home you own but don’t live in full-time.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Vacation homes are typically viewed as being higher risk by insurance companies because they aren’t occupied all of the time. If you own a beachfront home, for example, the risk of theft or vandalism may be higher if you and your neighbors only visit periodically. Likewise, it may take longer to detect water damage with a second home that’s left unoccupied, which could increase the likelihood of the insurance company having to pay out a claim for damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip:</strong> Vacation home insurance is not the same as vacant home insurance, which covers properties that remain empty for extended periods of time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-13\">What Does Vacation Home Insurance Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">A vacation home insurance policy isn’t exactly identical to traditional homeowners insurance, as the home isn’t being lived in all the time. Instead of covering all the things that a typical homeowners policy might cover, your insurance company may build your policy around named perils only.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">This means the policy for your second home will list a specific set of events that are covered, which may include damage from:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-18\"><!-- wp:list-item -->\n<li>Fire and smoke</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lightning</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Explosions</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">Liability coverage may also be included, which would cover any personal injuries sustained by someone while they’re on the property. The policy could include medical payments coverage as well to pay for someone’s medical bills if they’re injured. Still, it’s possible that if you already have a homeowners insurance policy in place for your primary residence, your insurer could extend those coverages to a vacation or second home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> When purchasing vacation home insurance, take time to read your policy’s home insurance declaration page, which explains the details of the property being covered, your coverage limits, deductibles, and premiums. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">How Much Does Vacation Home Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Vacation home insurance could end up being more expensive than your regular homeowners insurance, depending on the type of coverage you need. There are a number of factors that influence your premium costs related to the home, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-27\"><!-- wp:list-item -->\n<li><strong>Location—</strong>Vacation or second homes in areas that are prone to flooding, hurricanes, or other natural disaster-related events may come with higher premium costs. A home that’s located in an area that experiences earthquakes, forest fires, or mudslides could also be more expensive to insure.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Condition and Age—</strong>Aside from location, insurance companies also look closely at the age and overall condition of the home when determining premiums. An older home that’s been neglected in terms of maintenance or upkeep will typically cost more to insure than a newer home or one that’s been well maintained.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Property Type—</strong>The type of home can also make a difference when getting vacation home insurance. A small mountain cabin, for instance, may cost less to insure than a three-story beachfront property. The home’s amenities can also make a difference. Having a pool on the property, for instance, can result in paying higher premiums, as pools increase risk for insurers.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-29\">It’s important to keep in mind that vacation home insurance might also require secondary coverage, depending on where the home is located. If you have a beachfront home or a second home located near a lake or river, you may need to get a separate flood insurance policy. Keep in mind that flood insurance may have its own limits with regard to what’s covered and what’s not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">If your vacation home is at risk of damage from hurricanes, you will want to be sure that you have enough coverage in place to protect your investment. Your standard vacation home policy may not cover all hurricane damage, but hurricane policies do supply this protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip:</strong> If you plan to rent your vacation home long-term, you may want to consider a landlord policy, which can cover you for damages while also replacing lost income if the property is being rebuilt or repaired following a covered loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Renting Out a Vacation Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Owning a vacation home can be great when you need an escape from the hustle and bustle. You may also view it as a potential moneymaker if you can rent the home out when you’re not using it. Still, it’s important to know that doing so could require you to purchase additional home insurance coverage for liability, bodily injury, and medical payments. Also, more coverage means paying higher premiums to insure your second home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Depending on how long the home will be used for rentals, you may need a short-term or long-term rental insurance policy. It’s possible that your insurance company may allow you to add an endorsement to an existing policy for short-term rental coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">You should also be aware that rental coverage protects you as the homeowner but not your renter’s personal belongings. For that reason it may be wise to encourage renters to purchase their own renter’s insurance policy to protect themselves against losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>If you plan to rent a vacation or second home via Airbnb or a similar platform, first check the ordinance and zoning laws where the property is located, as some municipalities have begun to prohibit or restrict short-term rentals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-44\">How To Buy Vacation Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">If you’re planning to buy a vacation or second home, purchasing insurance for it is similar to buying homeowners insurance for a primary residence. It starts with doing some comparison shopping. When comparing policies from different insurers, it helps to look at:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-47\"><!-- wp:list-item -->\n<li>What is and isn’t covered</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Any exclusions related to specific property types or amenities on the property</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Premiums and deductibles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Discounts you may be able to take advantage of to reduce your premium costs</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Depending on your insurer, you may be able to lower your premiums for second home insurance by bundling policies or installing a home security system. Likewise, your insurer may offer discounts for installing smoke detectors or carbon monoxide detectors. Asking about these and other discounts that may be available before you buy can help you find the best deal on vacation home insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/vacation-home-insurance-how-to-insure-your-second-home-5074122\">click here.</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p> </p>\n<!-- /wp:paragraph -->','Vacation Home Insurance: How To Insure Your Second Home','','inherit','closed','closed','','3723-revision-v1','','','2023-12-20 01:44:14','2023-12-20 01:44:14','',3723,'https://smartinsurance.tips/?p=3727',0,'revision','',0),(3729,1,'2023-12-28 01:47:00','2023-12-28 01:47:00','','Untitled-21','','inherit','closed','closed','','untitled-21-2','','','2023-12-28 01:47:00','2023-12-28 01:47:00','',3728,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-21.png',0,'attachment','image/png',0),(3730,1,'2023-12-28 01:49:45','2023-12-28 01:49:45','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3729,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-21-1024x1024.png\" alt=\"\" class=\"wp-image-3729\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Devastating and costly disasters can strike where you live at any time. That is why it’s important to purchase either homeowners insurance or renters insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Homeowners and renters insurance are similar. Both cover your personal property (your belongings) for problems like fire and theft. And they both cover you if you are responsible for damages to someone else. But there are some key differences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Differs in Renters Insurance Coverage vs. Home Insurance Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The primary difference between homeowners insurance and renters insurance is that homeowners insurance covers structures—your house, a fence, a shed and other structures. This is not true of renters insurance. Your landlord’s insurance covers damage to the building.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if you own a home and a fire damages your house, your homeowners insurance will pay to repair the building. But if you rent your home and fire damages your apartment, your landlord’s insurance policy would cover repairs to the building.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Homeowners Insurance vs. Renters Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you are considering purchasing either homeowners or renters insurance, keep the following in mind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Who Needs it?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>If you own your house, you need homeowners insurance. It’s typically required if you have a mortgage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you rent your home, you need renters insurance. Your landlord may require you to have it.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">What Does it Cover?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Homeowners insurance</strong>&nbsp;covers your house, other structures, and accidental property damage and injuries to others. It also includes coverage for additional living expenses if you temporarily can’t live in your home due to a problem covered by the policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Renters insurance</strong>&nbsp;covers your personal belongings as well as accidental property damage and injuries to others. It also includes additional living expenses coverage if you temporarily can’t live at home due to a problem covered by your policy.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Are Discounts Available?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>You can often find homeowners insurance discounts like safety and security feature discounts, roof age discounts, and policy-related discounts such as bundling your home and auto insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Renters insurance companies also offer multi-policy discounts, such as bundling auto and renters insurance. You can also find discounts such as home safety discounts and policy-related discounts, like going paperless or paying your premium in full.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">How Are the Premiums Paid?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can typically pay homeowners or renters insurance premiums online, by EFT payment or by mailing your insurer a check. Some homeowners pay their home insurance premiums through an escrow account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Homeowners and renters insurance payments are typically made on a monthly, quarterly, semi annual or annual basis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Is There a Deductible?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Both home and renters insurance policies have a deductible for claims related to theft and property damage. There is no deductible on liability claims made against you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An insurance deductible is the amount subtracted from an insurance check if you file a claim for certain coverage types, such as a stolen or damaged property claim. Common deductible amounts are $500 and $1,000. For example, if you file a home insurance claim for a burst pipe that destroyed a couch and you have a $500 deductible, that amount will be deducted from your claims check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Homeowners Insurance vs. Renters Insurance: What Perils Are Covered?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Renters and home insurance policies cover what are known as “perils,” which is another word for problems. For example, a home insurance policy covers fire-related damage to your house and personal property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Personal property for both home and renters insurance covers 16 perils:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Accidental discharge or overflow of water or steam</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Aircraft, including spacecraft and self-propelled</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Civil commotion or riot</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Explosion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Falling objects</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Freezing</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Hail or windstorm</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Malicious mischief or vandalism</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lightning or fire</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Smoke</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Sudden and accidental damage from artificially generated electrical current</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Sudden and accidental tearing apart, cracking, burning or bulging</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vehicles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Weight of ice, sleet or snow</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Volcanic eruption</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>The most common type of homeowners insurance policy is an HO-3. An HO-3 is an “open-perils” policy for your house. It will cover any cause of house damage except for causes specifically listed as exclusions. Common exclusions include power failure, floods, earthquakes, negligence, normal wear and tear, pets and insects, and negligence. But an HO-3 policy typically covers your possessions for only 16 perils, which will be listed in the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can upgrade to an HO-5 policy for the highest level of home insurance. It covers your house and personal property for all perils, except for those listed as exclusions (such as floods). It also includes replacement cost coverage for damaged or stolen items rather than actual cash value. By contrast, with an HO-3 policy you generally need to add a simple endorsement in order to get replacement cost coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Common Coverage Types in Homeowners and Renters Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance and renters insurance share several types of coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Personal Property Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Personal property coverage pays to repair or replace your possessions such as furniture, tools, clothing, electronics, toys, sports equipment and more. Your belongings typically are covered wherever you take them, including in your car or on vacations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The theft of high-value items such as jewelry is typically limited to a certain amount (such as $1,500). If you want more coverage for high-value items, you’ll want to schedule personal property. This means your valuable items will be insured separately from the rest of your belongings and will have full coverage for theft and damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Personal Liability Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Personal liability coverage pays for medical expenses, property damage and legal costs if you accidentally cause injuries or property damage to others. For example, if your dog bites someone at a park, your liability insurance can pay for their medical bills.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you want more liability coverage than your home or renters insurance provides, consider adding an umbrella insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Additional Living Expenses</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Additional living expenses (ALE) coverage pays for temporary housing and other costs if you cannot live at home due to a problem covered by your policy (like a fire). It covers costs like hotel bills, takeout meals and services such as pet boarding and laundry.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Medical Payments Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Medical payments coverage pays for small medical expenses for a guest who is injured in your home or apartment, no matter who is at fault for the accident. This way, small medical bills can be paid quickly. It also covers small medical bills of others due to problems that happen away from your house, such as your dog biting someone in the park. This coverage is usually sold in small coverage amounts such as $1,000 to $5,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Why Is Homeowners Insurance More Expensive Than Renters Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The primary reason homeowners insurance is more expensive than renters insurance is because it covers the cost of rebuilding your house if a problem like a fire destroys it. Renters insurance does not pay to repair any structures. Landlord insurance covers the building if you are a renter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home insurance policy also covers other structures, like a deck, detached garage or fence. Renters insurance does not cover other structures—that’s also covered by landlord insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Renters Insurance Do I Need?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can figure out how much renters insurance you need by creating a home inventory. That will give you an idea of how much personal property coverage you’ll need in case your belongings are destroyed by a problem like a tornado or fire.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home inventory can be as simple as using a pen and paper, or you can use your phone to take pictures or video. You can also use an app, such as the home inventory app provided by the National Association of Insurance Commissioners. You’ll want to record a description of your items (or group of items, like dishes) and the estimated values. You can also include serial numbers and receipts if you have them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But personal property coverage is just the starting point. Don’t overlook the importance of purchasing higher amounts of liability coverage, particularly if you have a high net worth. Typically, a renters policy might start with a minimum of $100,000 in liability protection, which is probably far too little for many people. You want to have enough liability insurance to cover what you could lose in a lawsuit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, decide how much coverage you need for additional living expenses. Your insurance company will either offer you a flat amount of this coverage (such as $5,000) or base your coverage amount on a percentage of your personal property coverage. If you need more coverage, you can typically buy more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Shopping for Homeowners or Renters Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you’re shopping for a home or renters insurance policy, the process for getting insurance is similar. Here are some tips for finding the right policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">How to Get Homeowners Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Buying a home can be a daunting process, but it’s much easier to buy a home insurance policy. Here’s how to get homeowners insurance:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Determine how much homeowners insurance you need.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Gather information on your home, like the year it was built, number of rooms, square footage and the type of building materials.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Compare homeowners insurance quotes among several different insurers.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Progressive and Westfield have the cheapest home insurance, according to Forbes Advisor’s analysis. Your home insurance costs will vary depending on where you live, the age of the house and other factors, such as the cost to rebuild your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">How to Get Renters Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The process of buying a renters policy is similar to a home insurance policy. Here’s how to get renters insurance:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Determine how much personal property coverage you need by creating a home inventory.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Estimate the amount of liability insurance you need based on your net worth.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Compare renters insurance quotes from several insurers.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>State Farm has the cheapest renters insurance, according to Forbes Advisor’s analysis. Your renters insurance costs will vary depending on where you live and other factors, such as how much coverage you need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Renters Insurance vs. Landlord Insurance: Are They the Same?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Renters insurance and landlord insurance are very different.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Renters insurance</strong>&nbsp;covers your belongings for problems like theft and fire. It also covers accidental injuries and property damage to others, plus your additional living expenses if you can’t live in your home due to a problem covered by your policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Landlord insurance</strong> covers the building and other structures for problems like fires, tornadoes and vandalism. It does not cover your belongings if they are damaged.</li>\n<!-- /wp:list-item --></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/homeowners-insurance/whats-difference-between-renters-insurance-and-homeowners-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Homeowners Insurance Vs. Renters Insurance: What’s The Difference?','','inherit','closed','closed','','3728-revision-v1','','','2023-12-28 01:49:45','2023-12-28 01:49:45','',3728,'https://smartinsurance.tips/?p=3730',0,'revision','',0),(3731,1,'2023-12-28 19:16:47','2023-12-28 19:16:47','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3732,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-22-1024x1024.png\" alt=\"\" class=\"wp-image-3732\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Having the proper fire insurance through a homeowners insurance policy is crucial to avoid potentially ruinous financial losses from a fire.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Coverage within a standard home insurance policy can compensate you after a fire, including dwelling, other structures, personal property, loss of use and even liability coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is Fire Insurance and How Does It Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fire insurance is part of homeowners insurance and covers the cost of damages and losses caused by a fire. The coverage can pay to repair or rebuild your house and replace damaged personal property such as clothing, furniture and appliances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Home insurance also includes loss of use coverage, which pays for your extra costs if your home is inhabitable after a fire and you have to live elsewhere during repairs. Loss of use costs can include lodging and restaurant meals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home insurance policy also provides personal liability coverage that covers you if someone (who is not in your household) is hurt or, in some cases, if another property is damaged because of a fire that started in your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Pro Tip: If you’re concerned about having enough dwelling coverage, you may be able to buy extended or guaranteed replacement cost coverage, which adds an extra amount to your dwelling limits if needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your property is damaged by a fire, you can file a claim with your home insurance company. The insurer will review the damage and your policy to identify what’s covered and how much you’re owed, minus the deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The company will pay up to your dwelling coverage limit for damage to your house structure. You may also be able to buy extended or guaranteed replacement cost coverage at an added cost. Extended replacement cost expands your dwelling coverage by a percentage, such as 25%, if the cost to rebuild your home exceeds the base dwelling insurance limits. That means if you have $300,000 in dwelling coverage, extended replacement cost coverage at 25% extra will reimburse you up to $375,000. Guaranteed replacement cost goes even further and pays whatever it costs to rebuild your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Extended or guaranteed replacement cost coverage can play a key role in getting enough insurance reimbursement to rebuild your house, especially during times of higher inflation or a widespread disaster that creates increased demand for construction. In these cases you may find that your dwelling coverage isn’t sufficient and you need to tap your extended or guaranteed replacement cost coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The exact amount you’ll get for damaged personal property hinges on whether you have replacement cost or actual cash value coverage. Actual cash value coverage reimburses you for personal property minus depreciation, while replacement cost coverage pays to replace the damaged property with new, similar items.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Types of Fires Are Covered Under Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A homeowners policy covers accidental causes of fire, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Wildfires</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Cooking and grease</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Candles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Electrical issues</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Gas leaks</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Heating problems</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lightning strikes</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Power surges</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Types of Fires Aren’t Covered Under Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home insurance won’t cover all causes of fires, including negligence and fires set by the homeowner (arson).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Preventable fires may not be covered by your policy. For instance, If a fire starts because you didn’t properly clean and maintain your chimney, the insurance company might not pay for the damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you reside in an area susceptible to wildfires, you might find it challenging to get a homeowners insurance policy that covers wildfire damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Different Types of Home Insurance Fire Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fire protection within a home insurance policy is found in several coverage types.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Dwelling Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Dwelling coverage pays for the cost of rebuilding or repairing your home’s structure as well as attached structures, such as a garage. It will pay up to your dwelling coverage limit unless you have expanded coverage like extended replacement cost coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Other Structures Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Other structures coverage pays for damage to detached structures such as sheds, fences, decks, canopies, pergolas, gazebos and detached garages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Personal Property Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Personal property coverage pays for damage to your belongings, such as furniture, electronics, appliances and clothing. You can typically choose between actual cash value and replacement cost coverage, which is more expensive but provides a higher amount of reimbursement if you file a personal property damage claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Loss of Use Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage can pay for your extra costs if you must vacate your home while it’s being rebuilt or fixed after a fire. That may include a temporary hotel stay. This is also sometimes called additional living expenses coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Personal Liability Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Liability insurance covers you for injury to another person or damage to their property for which you’re legally liable. For example, a fire at your home spreads to a neighbor’s house. You’re found liable because of negligence, such as an unattended candle sparking a blaze, and they sue you for damages. Personal liability coverage will cover the expenses involved in a lawsuit, including settlements and defense costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Does Fire Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The average homeowners insurance policy costs $1,582 a year for a policy with $350,000 of dwelling insurance, according to Forbes Advisor‘s analysis. You don’t have to buy separate fire insurance, as it’s included as part of a home insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your dwelling coverage limit should align with the estimated cost of reconstructing your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Factors that influence the cost of home insurance include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The cost to rebuild your home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your home’s location and age.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Materials used to construct the house, including wood, brick or stone.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The location’s fire rating, including the nearness of hydrants and a fire station.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Claims history (yours and the property’s).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your coverage and policy limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Policy’s deductible.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your credit (except in California, Maryland and Massachusetts).</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to File a Fire Insurance Claim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your home suffers a fire, you’ll want to take these steps when filing an insurance claim and avoid home insurance claim mistakes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li><strong>Limit further damage.</strong>&nbsp;If you can do so safely, it’s wise to prevent further damage to your property immediately after a fire. For example, if a window is broken because of a problem covered by a home policy, you can prevent further damage by boarding the window to keep out rain.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Evaluate and document losses.</strong>&nbsp;Take thorough photos and videos and make lists of all damaged property. If possible, gather receipts and proof of purchase of any items you’ll list on your claim. Be proactive and create a home inventory before you ever need it.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Contact your insurance company as soon as possible following the fire.</strong>&nbsp;Try to contact your insurance company the same day of the incident or as soon as possible so you can begin the claims process.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Prepare to provide information to your insurance company.</strong>&nbsp;This might include the date and time of the fire, a recap of what occurred, the fire department/police report and your videos, photos and written documentation of losses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Meet with a claims adjuster.</strong> An adjuster from your insurance company will be dispatched to your home in the hours or days after you report a claim. You can also hire a public adjuster, which is an independent insurance professional that helps homeowners make sure the claim is settled fairly and efficiently.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Get paid by the insurance company.</strong>&nbsp;After conducting an investigation, the insurance company will decide whether to approve your claim and how much you’re owed, minus your policy deductible.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>By being proactive after a fire, you can shorten the claim processing time. While any fire damage is stressful, having the right documentation and following up with your insurer will pay off.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/homeowners-insurance/fire-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Fire Insurance: Does Homeowners Policy Cover Fire Damage?','','publish','closed','closed','','fire-insurance-does-homeowners-policy-cover-fire-damage','','','2023-12-28 19:16:47','2023-12-28 19:16:47','',0,'https://smartinsurance.tips/?p=3731',0,'post','',0),(3732,1,'2023-12-28 19:14:41','2023-12-28 19:14:41','','Untitled-22','','inherit','closed','closed','','untitled-22-2','','','2023-12-28 19:14:41','2023-12-28 19:14:41','',3731,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-22.png',0,'attachment','image/png',0),(3733,1,'2023-12-28 19:16:47','2023-12-28 19:16:47','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3732,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-22-1024x1024.png\" alt=\"\" class=\"wp-image-3732\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Having the proper fire insurance through a homeowners insurance policy is crucial to avoid potentially ruinous financial losses from a fire.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Coverage within a standard home insurance policy can compensate you after a fire, including dwelling, other structures, personal property, loss of use and even liability coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is Fire Insurance and How Does It Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fire insurance is part of homeowners insurance and covers the cost of damages and losses caused by a fire. The coverage can pay to repair or rebuild your house and replace damaged personal property such as clothing, furniture and appliances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Home insurance also includes loss of use coverage, which pays for your extra costs if your home is inhabitable after a fire and you have to live elsewhere during repairs. Loss of use costs can include lodging and restaurant meals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home insurance policy also provides personal liability coverage that covers you if someone (who is not in your household) is hurt or, in some cases, if another property is damaged because of a fire that started in your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Pro Tip: If you’re concerned about having enough dwelling coverage, you may be able to buy extended or guaranteed replacement cost coverage, which adds an extra amount to your dwelling limits if needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your property is damaged by a fire, you can file a claim with your home insurance company. The insurer will review the damage and your policy to identify what’s covered and how much you’re owed, minus the deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The company will pay up to your dwelling coverage limit for damage to your house structure. You may also be able to buy extended or guaranteed replacement cost coverage at an added cost. Extended replacement cost expands your dwelling coverage by a percentage, such as 25%, if the cost to rebuild your home exceeds the base dwelling insurance limits. That means if you have $300,000 in dwelling coverage, extended replacement cost coverage at 25% extra will reimburse you up to $375,000. Guaranteed replacement cost goes even further and pays whatever it costs to rebuild your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Extended or guaranteed replacement cost coverage can play a key role in getting enough insurance reimbursement to rebuild your house, especially during times of higher inflation or a widespread disaster that creates increased demand for construction. In these cases you may find that your dwelling coverage isn’t sufficient and you need to tap your extended or guaranteed replacement cost coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The exact amount you’ll get for damaged personal property hinges on whether you have replacement cost or actual cash value coverage. Actual cash value coverage reimburses you for personal property minus depreciation, while replacement cost coverage pays to replace the damaged property with new, similar items.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Types of Fires Are Covered Under Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A homeowners policy covers accidental causes of fire, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Wildfires</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Cooking and grease</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Candles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Electrical issues</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Gas leaks</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Heating problems</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lightning strikes</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Power surges</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Types of Fires Aren’t Covered Under Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home insurance won’t cover all causes of fires, including negligence and fires set by the homeowner (arson).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Preventable fires may not be covered by your policy. For instance, If a fire starts because you didn’t properly clean and maintain your chimney, the insurance company might not pay for the damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you reside in an area susceptible to wildfires, you might find it challenging to get a homeowners insurance policy that covers wildfire damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Different Types of Home Insurance Fire Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fire protection within a home insurance policy is found in several coverage types.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Dwelling Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Dwelling coverage pays for the cost of rebuilding or repairing your home’s structure as well as attached structures, such as a garage. It will pay up to your dwelling coverage limit unless you have expanded coverage like extended replacement cost coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Other Structures Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Other structures coverage pays for damage to detached structures such as sheds, fences, decks, canopies, pergolas, gazebos and detached garages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Personal Property Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Personal property coverage pays for damage to your belongings, such as furniture, electronics, appliances and clothing. You can typically choose between actual cash value and replacement cost coverage, which is more expensive but provides a higher amount of reimbursement if you file a personal property damage claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Loss of Use Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage can pay for your extra costs if you must vacate your home while it’s being rebuilt or fixed after a fire. That may include a temporary hotel stay. This is also sometimes called additional living expenses coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Personal Liability Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Liability insurance covers you for injury to another person or damage to their property for which you’re legally liable. For example, a fire at your home spreads to a neighbor’s house. You’re found liable because of negligence, such as an unattended candle sparking a blaze, and they sue you for damages. Personal liability coverage will cover the expenses involved in a lawsuit, including settlements and defense costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Does Fire Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The average homeowners insurance policy costs $1,582 a year for a policy with $350,000 of dwelling insurance, according to Forbes Advisor‘s analysis. You don’t have to buy separate fire insurance, as it’s included as part of a home insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your dwelling coverage limit should align with the estimated cost of reconstructing your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Factors that influence the cost of home insurance include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The cost to rebuild your home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your home’s location and age.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Materials used to construct the house, including wood, brick or stone.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The location’s fire rating, including the nearness of hydrants and a fire station.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Claims history (yours and the property’s).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your coverage and policy limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Policy’s deductible.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your credit (except in California, Maryland and Massachusetts).</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to File a Fire Insurance Claim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your home suffers a fire, you’ll want to take these steps when filing an insurance claim and avoid home insurance claim mistakes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li><strong>Limit further damage.</strong>&nbsp;If you can do so safely, it’s wise to prevent further damage to your property immediately after a fire. For example, if a window is broken because of a problem covered by a home policy, you can prevent further damage by boarding the window to keep out rain.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Evaluate and document losses.</strong>&nbsp;Take thorough photos and videos and make lists of all damaged property. If possible, gather receipts and proof of purchase of any items you’ll list on your claim. Be proactive and create a home inventory before you ever need it.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Contact your insurance company as soon as possible following the fire.</strong>&nbsp;Try to contact your insurance company the same day of the incident or as soon as possible so you can begin the claims process.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Prepare to provide information to your insurance company.</strong>&nbsp;This might include the date and time of the fire, a recap of what occurred, the fire department/police report and your videos, photos and written documentation of losses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Meet with a claims adjuster.</strong> An adjuster from your insurance company will be dispatched to your home in the hours or days after you report a claim. You can also hire a public adjuster, which is an independent insurance professional that helps homeowners make sure the claim is settled fairly and efficiently.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Get paid by the insurance company.</strong>&nbsp;After conducting an investigation, the insurance company will decide whether to approve your claim and how much you’re owed, minus your policy deductible.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>By being proactive after a fire, you can shorten the claim processing time. While any fire damage is stressful, having the right documentation and following up with your insurer will pay off.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/homeowners-insurance/fire-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Fire Insurance: Does Homeowners Policy Cover Fire Damage?','','inherit','closed','closed','','3731-revision-v1','','','2023-12-28 19:16:47','2023-12-28 19:16:47','',3731,'https://smartinsurance.tips/?p=3733',0,'revision','',0),(3734,1,'2023-12-28 19:18:56','2023-12-28 19:18:56','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3735,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-23-1024x1024.png\" alt=\"\" class=\"wp-image-3735\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Mice, rats, squirrels and other rodents have a bad reputation for crawling under car hoods and chewing through engine wires. Depending on which wires they’ve chewed and how much damage they’ve caused, this type of behavior could result in expensive repairs for vehicle owners. If rodents have raided your car recently, the good news is that the repairs might be covered by your car insurance provider. Here’s what you need to know before you file a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does car insurance cover rodents chewing on wires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although the specifics vary by policy, some car insurance policies may cover rodent damage to car wiring. If your policy has comprehensive coverage, you may be able to file a claim for rodents chewing car wires on insurance. Comprehensive coverage is a type of coverage that can be added to your policy and covers vehicle damage that is not covered under collision coverage—that is, damage to your vehicle not caused by an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Comprehensive provides coverage for vandalism, theft, weather damage, fire damage and damage caused by wild animals. Although you probably expect comprehensive coverage to cover damages caused by hitting a larger animal, like a deer, damages from animals of all types and sizes are typically covered, even if the damage is caused by rodents. Although a certified mechanic will need to confirm that rodents did cause the damage, the repairs for squirrels, mice or rats chewing car wires should be covered under a comprehensive claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Do I have comprehensive coverage?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before you try to file a claim for rodents chewing car wires, you will first need to confirm you have comprehensive coverage. The quickest way to confirm this coverage is to check your policy declarations page. Some auto insurance companies call this coverage “comprehensive” while others may call it “other than collision” coverage. This coverage typically applies a deductible but not all carriers require one. If you are still unsure, you can always call your insurance agent to check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>About 80 percent of U.S. drivers carry comprehensive coverage, according to the Insurance Information Institute (Triple-I). While comprehensive is considered an optional coverage, it is typically required if you have a car loan or lease.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Why do rodents chew on car wires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pest control companies explain that rodents chew on car wires simply because they are always chewing. Rodent’s teeth are constantly growing and to keep them from getting too long or too sharp, rodents must continually chew to wear down their teeth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For a long time, many people believed that vehicle wiring contained materials that rodents liked to chew, but this is just a myth. If a rodent has already set up shop in your hood, the reason they chew through your wires is purely convenience — the wires are right there and easily available to them. More recently, there’s been debate (and even class-action lawsuits) blaming vehicle manufacturers for rodents munching on car wires since several car companies have switched from petroleum-based to soy-based wiring to become more environmentally friendly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Ways to protect your car from rodents</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although knowing your comprehensive coverage may pay for damage caused by rodents should give you peace of mind, it is easier to avoid the hassle of rodent damage in the first place. Luckily, there are steps you can take to help prevent rodents from crawling into your car’s hood and causing destruction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Park inside.</strong>&nbsp;If your home has one, always park your car inside a sealed garage. Make sure that you keep exterior doors shut as often as possible and do not keep trash bins, pet food, bird seed or other items that may attract rodents, inside the garage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep your car clean.</strong>&nbsp;Trash, food wrappers and other debris that could serve as a food source may draw rodents into your vehicle. If you regularly keep the interior and exterior clean, rodents are less likely to find your vehicle an attractive option for residence.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Use repellants.</strong>&nbsp;If you cannot park inside or live near a wooded or grassy area where rodents are known to frequent, you might want to take precaution by utilizing rodent repellents such as moth balls, peppermint oil or other items with a strong scent. You can always check with a local pest control specialist and your mechanic to make sure a product is safe and effective for use. You can even purchase specialized tape to go around your wires that is coated in an offensive flavor that may deter further chewing.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Move your car frequently.</strong> Rodents like to nest in enclosed spaces and your car hood may look like a great option if it is always sitting in the same place, especially during colder months. Even if you are working from home and do not drive very often, try to start your car on a regular basis to deter any unwanted animals from crawling inside.</li>\n<!-- /wp:list-item --></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.bankrate.com/insurance/car/rodents-chewing-wires/#frequently-asked-questions\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Car Insurance Cover Rodents Chewing Wires?','','publish','closed','closed','','does-car-insurance-cover-rodents-chewing-wires','','','2023-12-28 19:18:56','2023-12-28 19:18:56','',0,'https://smartinsurance.tips/?p=3734',0,'post','',0),(3735,1,'2023-12-28 19:18:02','2023-12-28 19:18:02','','Untitled-23','','inherit','closed','closed','','untitled-23-2','','','2023-12-28 19:18:02','2023-12-28 19:18:02','',3734,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-23.png',0,'attachment','image/png',0),(3736,1,'2023-12-28 19:18:56','2023-12-28 19:18:56','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3735,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-23-1024x1024.png\" alt=\"\" class=\"wp-image-3735\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Mice, rats, squirrels and other rodents have a bad reputation for crawling under car hoods and chewing through engine wires. Depending on which wires they’ve chewed and how much damage they’ve caused, this type of behavior could result in expensive repairs for vehicle owners. If rodents have raided your car recently, the good news is that the repairs might be covered by your car insurance provider. Here’s what you need to know before you file a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does car insurance cover rodents chewing on wires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although the specifics vary by policy, some car insurance policies may cover rodent damage to car wiring. If your policy has comprehensive coverage, you may be able to file a claim for rodents chewing car wires on insurance. Comprehensive coverage is a type of coverage that can be added to your policy and covers vehicle damage that is not covered under collision coverage—that is, damage to your vehicle not caused by an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Comprehensive provides coverage for vandalism, theft, weather damage, fire damage and damage caused by wild animals. Although you probably expect comprehensive coverage to cover damages caused by hitting a larger animal, like a deer, damages from animals of all types and sizes are typically covered, even if the damage is caused by rodents. Although a certified mechanic will need to confirm that rodents did cause the damage, the repairs for squirrels, mice or rats chewing car wires should be covered under a comprehensive claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Do I have comprehensive coverage?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before you try to file a claim for rodents chewing car wires, you will first need to confirm you have comprehensive coverage. The quickest way to confirm this coverage is to check your policy declarations page. Some auto insurance companies call this coverage “comprehensive” while others may call it “other than collision” coverage. This coverage typically applies a deductible but not all carriers require one. If you are still unsure, you can always call your insurance agent to check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>About 80 percent of U.S. drivers carry comprehensive coverage, according to the Insurance Information Institute (Triple-I). While comprehensive is considered an optional coverage, it is typically required if you have a car loan or lease.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Why do rodents chew on car wires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pest control companies explain that rodents chew on car wires simply because they are always chewing. Rodent’s teeth are constantly growing and to keep them from getting too long or too sharp, rodents must continually chew to wear down their teeth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For a long time, many people believed that vehicle wiring contained materials that rodents liked to chew, but this is just a myth. If a rodent has already set up shop in your hood, the reason they chew through your wires is purely convenience — the wires are right there and easily available to them. More recently, there’s been debate (and even class-action lawsuits) blaming vehicle manufacturers for rodents munching on car wires since several car companies have switched from petroleum-based to soy-based wiring to become more environmentally friendly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Ways to protect your car from rodents</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although knowing your comprehensive coverage may pay for damage caused by rodents should give you peace of mind, it is easier to avoid the hassle of rodent damage in the first place. Luckily, there are steps you can take to help prevent rodents from crawling into your car’s hood and causing destruction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Park inside.</strong>&nbsp;If your home has one, always park your car inside a sealed garage. Make sure that you keep exterior doors shut as often as possible and do not keep trash bins, pet food, bird seed or other items that may attract rodents, inside the garage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep your car clean.</strong>&nbsp;Trash, food wrappers and other debris that could serve as a food source may draw rodents into your vehicle. If you regularly keep the interior and exterior clean, rodents are less likely to find your vehicle an attractive option for residence.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Use repellants.</strong>&nbsp;If you cannot park inside or live near a wooded or grassy area where rodents are known to frequent, you might want to take precaution by utilizing rodent repellents such as moth balls, peppermint oil or other items with a strong scent. You can always check with a local pest control specialist and your mechanic to make sure a product is safe and effective for use. You can even purchase specialized tape to go around your wires that is coated in an offensive flavor that may deter further chewing.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Move your car frequently.</strong> Rodents like to nest in enclosed spaces and your car hood may look like a great option if it is always sitting in the same place, especially during colder months. Even if you are working from home and do not drive very often, try to start your car on a regular basis to deter any unwanted animals from crawling inside.</li>\n<!-- /wp:list-item --></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.bankrate.com/insurance/car/rodents-chewing-wires/#frequently-asked-questions\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Car Insurance Cover Rodents Chewing Wires?','','inherit','closed','closed','','3734-revision-v1','','','2023-12-28 19:18:56','2023-12-28 19:18:56','',3734,'https://smartinsurance.tips/?p=3736',0,'revision','',0),(3737,1,'2023-12-28 19:23:17','2023-12-28 19:23:17','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3738,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-25-1024x1024.png\" alt=\"\" class=\"wp-image-3738\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>The longer you own your car, the more likely it will develop scratches. But when someone intentionally keys your car, that’s vandalism. Not only is cosmetic damage frustrating, it can be expensive to fix. However, if you have the right car insurance coverage in place, you may be able to file a claim for a keyed car and have the carrier pay for most, or all, of the damage. Understanding your policy options and the coverage to have in place to cover the damage on a keyed car can help you decide whether or not to file a claim for a keyed car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Will insurance cover a keyed car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurance will cover a keyed car, with the right coverage in place. If you have comprehensive coverage on your auto policy that provides coverage against theft, vandalism and weather-related damage, then you can file a claim if your vehicle is keyed. If you have full coverage, then you likely have comprehensive insurance on your policy. This means that if you only have liability insurance, your keyed car will not be covered through your auto insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though it may seem minor, keyed vehicles are often costly to repair. In many cases, the cost may be $1,000 or more. You might be able to find the perpetrator to cover the damage, but if that is unlikely, working with your auto insurer may be the route to go to repair your vehicle. However, depending on the comprehensive deductible you selected when setting up your auto policy, you may not be able to file a claim if your deductible is higher than the repair costs to fix your vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Will making a claim on my keyed car affect my premium?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An important consideration before filing a claim is how it may affect your premiums. It is not surprising if your cost of car insurance increases after you file a claim, regardless of how minor the issue. When you file a claim for your keyed car, the cost of your premiums may increase upon your policy’s renewal, though it probably will not be as high as after an at-fault accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your annual rates are most likely to rise if you file more than one claim within a short time. If you have one claim on record in the last two years and file another one, your premiums have the highest chance of being affected. Insurance companies make up for the cost paid in claims with an increased premium, even if the expenses were for minor cosmetic damage that you are not at fault for. Therefore, if you are trying to save money by getting your auto insurer to pay for the repair expenses of your keyed car, remember that you may end up paying a higher premium for the next few years to offset the insurance company’s out-of-pocket costs for the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What do I do if someone keys my car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The process of filing a claim in case of a keyed car is much the same as any other damage. Some of the steps to take include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Document the incident by time and place, and take photos and videos</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>File a police report</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Inform your insurance company if you have comprehensive coverage</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Send your vehicle to a repair shop for inspection</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you decide to file a claim, your auto insurer will either reimburse you after you have paid the mechanic, or the insurer might pay its portion of the claim to the mechanic directly. Regardless, the payment from your insurer will be minus your comprehensive deductible. For example, you would have to pay the difference between the amount owed to the repair shop and what was paid by your auto insurer out of pocket to cover your deductible. With a $500 comprehensive deductible and a $1,500 damage claim, you would pay the $500 deductible to the repair shop and the insurer would pay the remaining $1,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/keyed-cars/#what-to-do\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Car Insurance Cover Keyed Cars?','','publish','closed','closed','','does-car-insurance-cover-keyed-cars','','','2023-12-28 19:23:17','2023-12-28 19:23:17','',0,'https://smartinsurance.tips/?p=3737',0,'post','',0),(3738,1,'2023-12-28 19:21:48','2023-12-28 19:21:48','','Untitled-25','','inherit','closed','closed','','untitled-25-2','','','2023-12-28 19:21:48','2023-12-28 19:21:48','',3737,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-25.png',0,'attachment','image/png',0),(3739,1,'2023-12-28 19:23:17','2023-12-28 19:23:17','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3738,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-25-1024x1024.png\" alt=\"\" class=\"wp-image-3738\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>The longer you own your car, the more likely it will develop scratches. But when someone intentionally keys your car, that’s vandalism. Not only is cosmetic damage frustrating, it can be expensive to fix. However, if you have the right car insurance coverage in place, you may be able to file a claim for a keyed car and have the carrier pay for most, or all, of the damage. Understanding your policy options and the coverage to have in place to cover the damage on a keyed car can help you decide whether or not to file a claim for a keyed car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Will insurance cover a keyed car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurance will cover a keyed car, with the right coverage in place. If you have comprehensive coverage on your auto policy that provides coverage against theft, vandalism and weather-related damage, then you can file a claim if your vehicle is keyed. If you have full coverage, then you likely have comprehensive insurance on your policy. This means that if you only have liability insurance, your keyed car will not be covered through your auto insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though it may seem minor, keyed vehicles are often costly to repair. In many cases, the cost may be $1,000 or more. You might be able to find the perpetrator to cover the damage, but if that is unlikely, working with your auto insurer may be the route to go to repair your vehicle. However, depending on the comprehensive deductible you selected when setting up your auto policy, you may not be able to file a claim if your deductible is higher than the repair costs to fix your vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Will making a claim on my keyed car affect my premium?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An important consideration before filing a claim is how it may affect your premiums. It is not surprising if your cost of car insurance increases after you file a claim, regardless of how minor the issue. When you file a claim for your keyed car, the cost of your premiums may increase upon your policy’s renewal, though it probably will not be as high as after an at-fault accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your annual rates are most likely to rise if you file more than one claim within a short time. If you have one claim on record in the last two years and file another one, your premiums have the highest chance of being affected. Insurance companies make up for the cost paid in claims with an increased premium, even if the expenses were for minor cosmetic damage that you are not at fault for. Therefore, if you are trying to save money by getting your auto insurer to pay for the repair expenses of your keyed car, remember that you may end up paying a higher premium for the next few years to offset the insurance company’s out-of-pocket costs for the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What do I do if someone keys my car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The process of filing a claim in case of a keyed car is much the same as any other damage. Some of the steps to take include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Document the incident by time and place, and take photos and videos</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>File a police report</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Inform your insurance company if you have comprehensive coverage</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Send your vehicle to a repair shop for inspection</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you decide to file a claim, your auto insurer will either reimburse you after you have paid the mechanic, or the insurer might pay its portion of the claim to the mechanic directly. Regardless, the payment from your insurer will be minus your comprehensive deductible. For example, you would have to pay the difference between the amount owed to the repair shop and what was paid by your auto insurer out of pocket to cover your deductible. With a $500 comprehensive deductible and a $1,500 damage claim, you would pay the $500 deductible to the repair shop and the insurer would pay the remaining $1,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/keyed-cars/#what-to-do\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Car Insurance Cover Keyed Cars?','','inherit','closed','closed','','3737-revision-v1','','','2023-12-28 19:23:17','2023-12-28 19:23:17','',3737,'https://smartinsurance.tips/?p=3739',0,'revision','',0),(3740,1,'2023-12-28 19:39:54','2023-12-28 19:39:54','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3741,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-24-1024x1024.png\" alt=\"\" class=\"wp-image-3741\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Accident insurance is a type of insurance that only pays when the insured dies or suffers injuries in an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Accident insurance pays benefits if you sustain injuries or die in an accident. This type of insurance does not typically cover health care costs associated with an illness, and does not pay a death benefit when the insured dies of natural causes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-2\">What Is Accident Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Accident insurance is a type of insurance that only pays when the insured dies or suffers injuries in an accident. Accident insurance policies typically have a fixed payout amount and do not cover costs associated with illness. Accident insurance policies do not replace health or life insurance, but can supplement those coverages.&nbsp;Accident insurance is inexpensive, readily available, and fairly easy to obtain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Let’s say Jane has a $500,000 accident insurance policy. If Jane dies in a car accident, her accident insurance policy will pay her beneficiary $500,000. If she dies of cancer, however, her accident insurance policy will pay nothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">Understanding Accident Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Unlike life insurance, accident insurance typically does not require underwriting. That means you can sign up for coverage offered in a group plan or purchase a personal policy without taking a medical examination.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: If you paid the premiums, accident insurance policy benefits are tax exempt. Payouts from an insurance policy taken out through your employer also are not taxed if you paid the premiums with after-tax dollars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">What Accident Insurance Covers</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">Accident insurance covers accidental deaths and a wide range of injuries that may include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><!-- wp:list-item -->\n<li>Concussion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Dislocation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Dismemberment</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Eye injury</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fracture</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Laceration</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ruptured disc</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Severe burn</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Torn knee cartilage</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-16\">Accident Insurance Benefits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">If you’re disabled in a covered accident and unable to work, accident insurance can help replace your income. Accident insurance can also pay other expenses, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-19\"><!-- wp:list-item -->\n<li>Alternative treatments</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ambulance service</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bereavement and trauma counseling</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Emergency room services</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Hospital admission fees</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Inpatient rehabilitation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Medical appliances</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Medical tests</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some types of surgery</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: When an insured person dies due to a covered accident, their beneficiary receives a lump-sum payment. Some insurers also give beneficiaries the option to receive monthly payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-22\">Exclusions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">Like all types of insurance, accident insurance comes with exclusions. For instance, a policy may not pay if the insured sustains an injury while intoxicated or committing a crime. Policies may also exclude injuries caused by a prior illness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Other common exclusions include death or injuries caused or sustained by:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-27\"><!-- wp:list-item -->\n<li>Taking part in a war</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Learning to fly an airplane</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving without a driver’s license</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Engaging in hazardous sports such as rock climbing</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Suicide or intentional injuries</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An overdose of a drug or chemical not prescribed by a physician</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">Payouts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">If a person with accident insurance dies due to a covered loss, the insurance company would pay 100% of the policy\'s principal sum. For example, if the insured carried a $500,000 accident insurance policy and died in a car accident, their beneficiary would receive a $500,000 payout. However, accident insurance pays a lower percentage for other types of injuries. For example, if you lose a hand in an accident, a policy may pay 50% of its principal sum; if you lose an index finger, it may pay just 25%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: You would receive a payout from your accident insurance regardless of fault, unless specifically excluded. For example, if the insured died in a car accident while driving drunk, the insurer would most likely deny the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-33\">Family Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Some accident insurance plans allow you to add a spouse or partner and dependent children. However, a plan may only provide full coverage for the policyholder. For instance, a policy might only offer 50% coverage for domestic partners and spouses, and 15% coverage for each dependent child.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">If an accident injures or kills everyone covered by an accident insurance policy, it will only pay up to the coverage limit. For instance, if a family of four has a $100,000 policy, and all four sustain serious injuries in a boating accident, the insurer will pay a maximum of $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Cost of Accident Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Depending on the insurer or employee benefits plan, you can usually purchase accident insurance in increments of $10,000 to $50,000. Typically, the coverage is very affordable. For example, some employer-based group accident insurance plans offer $50,000 in individual coverage for as little as $1.25 per month and $500,000 in family coverage for around $17.50 per month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-41\">Do I Need Accident Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Since it\'s generally affordable, buying accident insurance is something to consider. But certain individuals and families are specifically encouraged to carry accident insurance, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-44\"><!-- wp:list-item -->\n<li>Those who don’t have adequate health insurance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Families with a single breadwinner</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Families with young children</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>People with an active lifestyle</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>People with a limited budget for unforeseen medical expenses</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-46\">Other Important Coverages</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Accident insurance is a type of supplemental insurance, and since it only pays when you’re injured or killed in an accident, it does not provide all the protection you need. You may also wish to consider purchasing disability, life, and health insurance policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-49\"><!-- wp:list-item -->\n<li><strong>Disability insurance</strong>: Disability insurance helps replace a portion of your income if you’re disabled by an illness or injury. You can purchase short-term disability coverage, which could cover disabilities that last up to two years, or long-term coverage, which can pay lifetime benefits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Health insurance</strong>: Health insurance provides a more comprehensive set of benefits. With this type of policy, after paying a deductible out of pocket, the insurer covers a portion of your health care costs. Typically, health insurance policies cover expenses such as emergency services, hospitalization, maternity and newborn care, laboratory services, mental health and substance abuse services, pediatric care, and preventive services.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Life insurance</strong>: Life insurance pays a death benefit to one or more beneficiaries when the insured dies, even by natural causes. You can purchase life insurance for a specific period or lifetime coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-51\">The Bottom Line on Accident Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">According to the Centers for Disease Control and Prevention, emergency departments treated nearly 98 million unintentional injuries in 2018. Injuries are the fourth leading cause of death, taking the lives of nearly 201,000 people each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">Buying accident insurance makes good financial sense, especially if you have loved ones who depend on your income. It’s affordable, doesn’t require taking a medical examination, and is readily available through insurance companies and many employee benefits plans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0-3\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Accident insurance only pays a benefit when the insured sustains injuries or dies due to an accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>This type of coverage comes with exclusions and does not typically cover illness-related expenses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Accident insurance does not require a medical examination.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can purchase accident insurance through an insurance company as well as through some employer group plans.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Accident insurance is affordable and available for individuals and families.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-is-accident-insurance-5219880\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Accident Insurance?','','publish','closed','closed','','what-is-accident-insurance','','','2023-12-28 19:39:54','2023-12-28 19:39:54','',0,'https://smartinsurance.tips/?p=3740',0,'post','',0),(3741,1,'2023-12-28 19:37:01','2023-12-28 19:37:01','','Untitled-24','','inherit','closed','closed','','untitled-24','','','2023-12-28 19:37:01','2023-12-28 19:37:01','',3740,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-24.png',0,'attachment','image/png',0),(3742,1,'2023-12-28 19:39:54','2023-12-28 19:39:54','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3741,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-24-1024x1024.png\" alt=\"\" class=\"wp-image-3741\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Accident insurance is a type of insurance that only pays when the insured dies or suffers injuries in an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Accident insurance pays benefits if you sustain injuries or die in an accident. This type of insurance does not typically cover health care costs associated with an illness, and does not pay a death benefit when the insured dies of natural causes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-2\">What Is Accident Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Accident insurance is a type of insurance that only pays when the insured dies or suffers injuries in an accident. Accident insurance policies typically have a fixed payout amount and do not cover costs associated with illness. Accident insurance policies do not replace health or life insurance, but can supplement those coverages.&nbsp;Accident insurance is inexpensive, readily available, and fairly easy to obtain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Let’s say Jane has a $500,000 accident insurance policy. If Jane dies in a car accident, her accident insurance policy will pay her beneficiary $500,000. If she dies of cancer, however, her accident insurance policy will pay nothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">Understanding Accident Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Unlike life insurance, accident insurance typically does not require underwriting. That means you can sign up for coverage offered in a group plan or purchase a personal policy without taking a medical examination.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: If you paid the premiums, accident insurance policy benefits are tax exempt. Payouts from an insurance policy taken out through your employer also are not taxed if you paid the premiums with after-tax dollars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">What Accident Insurance Covers</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">Accident insurance covers accidental deaths and a wide range of injuries that may include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><!-- wp:list-item -->\n<li>Concussion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Dislocation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Dismemberment</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Eye injury</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fracture</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Laceration</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ruptured disc</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Severe burn</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Torn knee cartilage</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-16\">Accident Insurance Benefits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">If you’re disabled in a covered accident and unable to work, accident insurance can help replace your income. Accident insurance can also pay other expenses, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-19\"><!-- wp:list-item -->\n<li>Alternative treatments</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ambulance service</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bereavement and trauma counseling</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Emergency room services</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Hospital admission fees</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Inpatient rehabilitation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Medical appliances</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Medical tests</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some types of surgery</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: When an insured person dies due to a covered accident, their beneficiary receives a lump-sum payment. Some insurers also give beneficiaries the option to receive monthly payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-22\">Exclusions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">Like all types of insurance, accident insurance comes with exclusions. For instance, a policy may not pay if the insured sustains an injury while intoxicated or committing a crime. Policies may also exclude injuries caused by a prior illness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Other common exclusions include death or injuries caused or sustained by:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-27\"><!-- wp:list-item -->\n<li>Taking part in a war</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Learning to fly an airplane</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving without a driver’s license</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Engaging in hazardous sports such as rock climbing</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Suicide or intentional injuries</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An overdose of a drug or chemical not prescribed by a physician</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">Payouts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">If a person with accident insurance dies due to a covered loss, the insurance company would pay 100% of the policy\'s principal sum. For example, if the insured carried a $500,000 accident insurance policy and died in a car accident, their beneficiary would receive a $500,000 payout. However, accident insurance pays a lower percentage for other types of injuries. For example, if you lose a hand in an accident, a policy may pay 50% of its principal sum; if you lose an index finger, it may pay just 25%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: You would receive a payout from your accident insurance regardless of fault, unless specifically excluded. For example, if the insured died in a car accident while driving drunk, the insurer would most likely deny the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-33\">Family Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Some accident insurance plans allow you to add a spouse or partner and dependent children. However, a plan may only provide full coverage for the policyholder. For instance, a policy might only offer 50% coverage for domestic partners and spouses, and 15% coverage for each dependent child.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">If an accident injures or kills everyone covered by an accident insurance policy, it will only pay up to the coverage limit. For instance, if a family of four has a $100,000 policy, and all four sustain serious injuries in a boating accident, the insurer will pay a maximum of $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Cost of Accident Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Depending on the insurer or employee benefits plan, you can usually purchase accident insurance in increments of $10,000 to $50,000. Typically, the coverage is very affordable. For example, some employer-based group accident insurance plans offer $50,000 in individual coverage for as little as $1.25 per month and $500,000 in family coverage for around $17.50 per month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-41\">Do I Need Accident Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Since it\'s generally affordable, buying accident insurance is something to consider. But certain individuals and families are specifically encouraged to carry accident insurance, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-44\"><!-- wp:list-item -->\n<li>Those who don’t have adequate health insurance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Families with a single breadwinner</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Families with young children</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>People with an active lifestyle</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>People with a limited budget for unforeseen medical expenses</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-46\">Other Important Coverages</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Accident insurance is a type of supplemental insurance, and since it only pays when you’re injured or killed in an accident, it does not provide all the protection you need. You may also wish to consider purchasing disability, life, and health insurance policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-49\"><!-- wp:list-item -->\n<li><strong>Disability insurance</strong>: Disability insurance helps replace a portion of your income if you’re disabled by an illness or injury. You can purchase short-term disability coverage, which could cover disabilities that last up to two years, or long-term coverage, which can pay lifetime benefits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Health insurance</strong>: Health insurance provides a more comprehensive set of benefits. With this type of policy, after paying a deductible out of pocket, the insurer covers a portion of your health care costs. Typically, health insurance policies cover expenses such as emergency services, hospitalization, maternity and newborn care, laboratory services, mental health and substance abuse services, pediatric care, and preventive services.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Life insurance</strong>: Life insurance pays a death benefit to one or more beneficiaries when the insured dies, even by natural causes. You can purchase life insurance for a specific period or lifetime coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-51\">The Bottom Line on Accident Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">According to the Centers for Disease Control and Prevention, emergency departments treated nearly 98 million unintentional injuries in 2018. Injuries are the fourth leading cause of death, taking the lives of nearly 201,000 people each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">Buying accident insurance makes good financial sense, especially if you have loved ones who depend on your income. It’s affordable, doesn’t require taking a medical examination, and is readily available through insurance companies and many employee benefits plans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0-3\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Accident insurance only pays a benefit when the insured sustains injuries or dies due to an accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>This type of coverage comes with exclusions and does not typically cover illness-related expenses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Accident insurance does not require a medical examination.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can purchase accident insurance through an insurance company as well as through some employer group plans.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Accident insurance is affordable and available for individuals and families.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-is-accident-insurance-5219880\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Accident Insurance?','','inherit','closed','closed','','3740-revision-v1','','','2023-12-28 19:39:54','2023-12-28 19:39:54','',3740,'https://smartinsurance.tips/?p=3742',0,'revision','',0),(3743,1,'2023-12-28 19:46:21','2023-12-28 19:46:21','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3744,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26-1024x1024.png\" alt=\"\" class=\"wp-image-3744\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Collateral protection insurance</strong>&nbsp;is used by lenders to protect themselves in case a car-loan borrower fails to carry auto insurance on the vehicle covered by the auto loan. The insurance covers the lender, and not you, and is often much more expensive than an auto insurance policy you can purchase on your own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Collateral protection insurance is a policy that a lender takes out to protect itself from the loss of a financed vehicle if the borrower does not obtain adequate insurance coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>This kind of insurance is more expensive than auto insurance coverage the borrower could purchase on their own, and it is designed to protect the lender and not the borrower.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lenders have the legal right to institute CPI coverage if the borrower does not provide proof of insurance. However, the lender must give the borrower fair warning, both in the loan agreement and via requests for proof of insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can avoid CPI by purchasing your own auto insurance coverage and making sure there are no lapses during the life of the loan.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-1\">Definition and Examples of Collateral Protection Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Collateral protection insurance is used by both mortgage lenders and auto lenders when a borrower has failed to provide proof of insurance. This sort of coverage may also be called creditor-placed insurance, lender-placed insurance, or force-placed insurance.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">This kind of insurance policy is purchased by a lender to protect itself from the potential loss of the vehicle if the borrower has not shown proof of adequate insurance, or has had coverage lapse or canceled. Carrying a certain level of auto insurance is generally required per the loan agreement.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">Lenders have a legal right to purchase insurance to protect the collateral—and bill the borrower for it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: If your lender gets collateral protection insurance for your vehicle, it will charge you for the policy, generally by folding the premiums into your monthly loan payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-9\"><!-- wp:list-item -->\n<li><strong>Acronym:</strong>&nbsp;CPI</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Alternate names</strong>: forced car insurance, lender-placed insurance, creditor-placed insurance, force-placed insurance</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">How Collateral Protection Insurance Works&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">In general, auto loans require the borrower to carry collision or comprehensive auto insurance coverage, at least until the loan is paid off. The lender asks the borrower for proof of insurance, and if none is given, the lender will first remind the borrower that providing such proof of insurance is necessary.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">If the borrower fails to show adequate proof of insurance after such a reminder, the lender may then choose to place collateral protection insurance on the vehicle. The cost of this coverage is then passed along to the borrower.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">This sort of insurance will repair damage or replace the vehicle up to the current value of the auto loan. But keep in mind that this coverage is only to protect the lender, not you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: With collateral protection insurance, the lender knows it can recoup the value of the vehicle in case of an accident. But you will be paying premiums without ever getting the benefit of a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">Is Lender-Placed Insurance Legal?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">The federal Consumer Financial Protection Bureau (CFPB) does allow lenders to impose CPI on borrowers who do not provide adequate proof of insurance. In terms of auto insurance, it’s important to remember that the state minimums for insurance coverage may not be sufficient to meet your lender’s coverage requirements. Some lenders will track their financed cars’ insurance coverage to determine if any borrowers have allowed their policies to lapse or have neglected to get one. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">Though your lender does have the right to place collateral protection insurance on your loan, it cannot do this without warning. To start, the lender’s right to impose CPI without sufficient proof of insurance will likely be written into your loan agreement. In addition, the CFPB requires that lenders provide notice forms to borrowers without insurance so those borrowers can rectify the situation before the lender purchases a CPI policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">How Much Does CPI Coverage Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The costs for CPI vary from state to state and lender to lender. However, you can expect CPI to be much more expensive than auto insurance that you purchase on your own. There are a couple of reasons for this.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">First, there is no opportunity for you to shop around to find the best deal. The policy the lender chooses is the one you get. In addition, borrowers who do not have their own coverage are considered higher-risk by insurance companies, so the premiums for CPI coverage are generally higher.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Though this kind of insurance is more expensive than purchasing your own policy, don’t forget that refusing to pay CPI could result in your car being repossessed by the lender.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-30\">How to Avoid Forced Car Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">Buying your own auto insurance and adding the lender to your policy as the lienholder should meet the insurance requirements spelled out in your loan document, which will protect you from force-placed auto insurance. Make sure you do not have any lapses in coverage, even for a short period of time, because you may be required to retroactively pay for CPI coverage during the lapsed period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">If you are charged collateral protection insurance in error, give your lender the documentation proving that you have adequate insurance in place and request that it cancel the CPI coverage purchased on your vehicle. However, even if the lender is at fault, make sure you pay the CPI premiums until the mistake is rectified because refusing to pay could result in your vehicle being repossessed. </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.thebalancemoney.com/what-is-collateral-protection-insurance-5184440\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Collateral Protection Insurance?','','publish','closed','closed','','what-is-collateral-protection-insurance','','','2023-12-28 19:46:21','2023-12-28 19:46:21','',0,'https://smartinsurance.tips/?p=3743',0,'post','',0),(3744,1,'2023-12-28 19:44:42','2023-12-28 19:44:42','','Untitled-26','','inherit','closed','closed','','untitled-26','','','2023-12-28 19:44:42','2023-12-28 19:44:42','',3743,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26.png',0,'attachment','image/png',0),(3745,1,'2023-12-28 19:46:21','2023-12-28 19:46:21','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3744,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26-1024x1024.png\" alt=\"\" class=\"wp-image-3744\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Collateral protection insurance</strong>&nbsp;is used by lenders to protect themselves in case a car-loan borrower fails to carry auto insurance on the vehicle covered by the auto loan. The insurance covers the lender, and not you, and is often much more expensive than an auto insurance policy you can purchase on your own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Collateral protection insurance is a policy that a lender takes out to protect itself from the loss of a financed vehicle if the borrower does not obtain adequate insurance coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>This kind of insurance is more expensive than auto insurance coverage the borrower could purchase on their own, and it is designed to protect the lender and not the borrower.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lenders have the legal right to institute CPI coverage if the borrower does not provide proof of insurance. However, the lender must give the borrower fair warning, both in the loan agreement and via requests for proof of insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can avoid CPI by purchasing your own auto insurance coverage and making sure there are no lapses during the life of the loan.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-1\">Definition and Examples of Collateral Protection Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Collateral protection insurance is used by both mortgage lenders and auto lenders when a borrower has failed to provide proof of insurance. This sort of coverage may also be called creditor-placed insurance, lender-placed insurance, or force-placed insurance.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">This kind of insurance policy is purchased by a lender to protect itself from the potential loss of the vehicle if the borrower has not shown proof of adequate insurance, or has had coverage lapse or canceled. Carrying a certain level of auto insurance is generally required per the loan agreement.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">Lenders have a legal right to purchase insurance to protect the collateral—and bill the borrower for it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: If your lender gets collateral protection insurance for your vehicle, it will charge you for the policy, generally by folding the premiums into your monthly loan payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-9\"><!-- wp:list-item -->\n<li><strong>Acronym:</strong>&nbsp;CPI</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Alternate names</strong>: forced car insurance, lender-placed insurance, creditor-placed insurance, force-placed insurance</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">How Collateral Protection Insurance Works&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">In general, auto loans require the borrower to carry collision or comprehensive auto insurance coverage, at least until the loan is paid off. The lender asks the borrower for proof of insurance, and if none is given, the lender will first remind the borrower that providing such proof of insurance is necessary.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">If the borrower fails to show adequate proof of insurance after such a reminder, the lender may then choose to place collateral protection insurance on the vehicle. The cost of this coverage is then passed along to the borrower.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">This sort of insurance will repair damage or replace the vehicle up to the current value of the auto loan. But keep in mind that this coverage is only to protect the lender, not you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: With collateral protection insurance, the lender knows it can recoup the value of the vehicle in case of an accident. But you will be paying premiums without ever getting the benefit of a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">Is Lender-Placed Insurance Legal?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">The federal Consumer Financial Protection Bureau (CFPB) does allow lenders to impose CPI on borrowers who do not provide adequate proof of insurance. In terms of auto insurance, it’s important to remember that the state minimums for insurance coverage may not be sufficient to meet your lender’s coverage requirements. Some lenders will track their financed cars’ insurance coverage to determine if any borrowers have allowed their policies to lapse or have neglected to get one. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">Though your lender does have the right to place collateral protection insurance on your loan, it cannot do this without warning. To start, the lender’s right to impose CPI without sufficient proof of insurance will likely be written into your loan agreement. In addition, the CFPB requires that lenders provide notice forms to borrowers without insurance so those borrowers can rectify the situation before the lender purchases a CPI policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">How Much Does CPI Coverage Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The costs for CPI vary from state to state and lender to lender. However, you can expect CPI to be much more expensive than auto insurance that you purchase on your own. There are a couple of reasons for this.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">First, there is no opportunity for you to shop around to find the best deal. The policy the lender chooses is the one you get. In addition, borrowers who do not have their own coverage are considered higher-risk by insurance companies, so the premiums for CPI coverage are generally higher.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Though this kind of insurance is more expensive than purchasing your own policy, don’t forget that refusing to pay CPI could result in your car being repossessed by the lender.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-30\">How to Avoid Forced Car Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">Buying your own auto insurance and adding the lender to your policy as the lienholder should meet the insurance requirements spelled out in your loan document, which will protect you from force-placed auto insurance. Make sure you do not have any lapses in coverage, even for a short period of time, because you may be required to retroactively pay for CPI coverage during the lapsed period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">If you are charged collateral protection insurance in error, give your lender the documentation proving that you have adequate insurance in place and request that it cancel the CPI coverage purchased on your vehicle. However, even if the lender is at fault, make sure you pay the CPI premiums until the mistake is rectified because refusing to pay could result in your vehicle being repossessed. </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.thebalancemoney.com/what-is-collateral-protection-insurance-5184440\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Collateral Protection Insurance?','','inherit','closed','closed','','3743-revision-v1','','','2023-12-28 19:46:21','2023-12-28 19:46:21','',3743,'https://smartinsurance.tips/?p=3745',0,'revision','',0),(3746,1,'2023-12-28 19:49:48','2023-12-28 19:49:48','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3747,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26-1-1024x1024.png\" alt=\"\" class=\"wp-image-3747\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is a Collision Damage Waiver?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Car rental agencies offer an optional collision damage waiver (CDW), which helps pay for damage to the rented car. This waiver is sometimes called a Loss Damage Waiver (LDW) or Physical Damage Waiver. The waiver’s cost depends on various factors, including the rental car type and where the vehicle is being driven.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Learn more about what a CDW does and doesn’t cover, how your insurance or credit cards may already protect you, and whether it’s worth getting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\"></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Car rental companies sell the collision damage waiver as an extra layer of coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To get a CDW, you’ll pay an additional daily fee for the duration of your car rental.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A CDW covers auto damage during your rental period and sometimes theft.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You could decline CDW if you have personal auto insurance with collision and comprehensive coverage or a credit card with primary rental car insurance coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">How Does a Collision Damage Waiver Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">A car rental company will typically offer a collision damage waiver when you reserve the automobile or pick up the rental car at the counter. If you choose not to get CDW, you must explicitly decline the optional coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">If you want to purchase a collision damage waiver, you’ll pay an additional daily fee on top of the rental car fee. The fee amount can depend on the car’s cost—for example, you may pay more per day for a very expensive vehicle.1</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">With the waiver, if the car is damaged, the agency waives its fees for repairing the car and any loss of use charges that add up while the rental vehicle undergoes repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">Some agencies offer a partial damage waiver or a damage waiver with a deductible. These coverages cost less, but also only partially pay for any damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">If you’re in an accident with your rental car, you must promptly report the incident to the agency and, if necessary, to law enforcement. The car agency then picks up qualifying repair costs, and the incident isn’t reported to your insurance company—unless you were at fault in the accident or the agency says the damage or cause is excluded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">What Does a Collision Damage Waiver Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">A collision damage waiver typically covers losses from any damage to a rental car while in your possession. For example, if you drive around town and get into a fender bender, you won’t have to pay anything out of pocket for repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">A CDW will usually also cover the following types of car damage:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-23\"><!-- wp:list-item -->\n<li>Accident</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalization</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fire&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Weather-related damage</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The coverage also includes any damage to the car while parked, and accident-related towing. Rental agency coverage will typically also cover the agency’s administrative fees and any daily lost revenue due to the vehicle being out of rotation (also called loss of use).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">In some cases, however, you must purchase a separate theft protection plan to cover car theft. In other cases, state law may say you’re not responsible for theft or you’re only liable for a limited amount of vandalism- or theft-related causes, even if you didn’t buy any protection at all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> You must check the specifics of a CDW offer and ask questions, as coverage and exceptions vary. For example, one policy may cover fire damage, while another does not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-31\">What Collision Damage Waiver Does Not Cover</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">Collision Damage Waivers won’t cover:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-34\"><!-- wp:list-item -->\n<li>Damage to other cars</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bodily injury to other people&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Injuries to you or your passengers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft or damage of your personal items in the vehicle</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Depending on the state where you’re renting the car, liability coverage (damage to other people or their vehicles) may be included in your rate or it may only kick in after the liability coverage through your personal insurance has been exhausted. Your personal auto policy or health insurance can also help cover you for injuries, while your homeowners policy may cover theft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Depending on where you’re renting the vehicle, the CDW may not cover interior damage to the car; lost, damaged or stolen keys or devices; or it may contain other exclusions. With some rental companies, a CDW excludes damage to the windshield, tires, and mirrors. Though these incidents may not be as serious, they are more common, and costs can increase quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">Waivers typically contain numerous exclusions that will lead to a breach of the rental agreement, in which case the CDW will not cover damage costs. These exclusions may be decided by your state and will be listed in your contract. Typical exclusions include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-42\"><!-- wp:list-item -->\n<li>Using a cellphone while driving&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Allowing non-authorized drivers to drive</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving into Mexico</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving recklessly or with risky behaviors, such as racing</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Taking the rental car off-road (onto gravel roads or on beaches)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Participating in an activity that could be criminal (even if you weren’t charged)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Operating the vehicle while under the influence of alcohol or any controlled substance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Car theft resulting from not removing the keys or key fobs or closing and locking doors and windows</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-44\">How Much Does a Collision Damage Waiver Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Collision damage waivers are not expensive, but renting for a few days can increase your total cost by $100 or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Pricing varies depending on the rental company, location or state you’re renting, the vehicle type, and other factors. To give you an idea, we collected quotes from three rental car providers across three locations for an economy car in June 2023. We found the cost to average between $25 and $35 per day, rounded to the nearest dollar:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td></td><td><strong>Avis</strong></td><td><strong>Alamo</strong></td><td><strong>Thrifty</strong></td></tr><tr><td><strong>Orlando</strong></td><td>$31</td><td>$39</td><td>$35</td></tr><tr><td><strong>Las Vegas</strong></td><td>$27</td><td>$31</td><td>$29</td></tr><tr><td><strong>Boston</strong></td><td>$31</td><td>$25</td><td>$25</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">However, you may pay far more when renting more expensive vehicles, such as luxury cars.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-53\">Should You Get a Collision Damage Waiver?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">Deciding whether or not to get collision damage waiver depends on your coverage needs and risk tolerance. Declining the coverage may make you feel uneasy, especially if the representative at the rental counter makes the case that you could be taking a huge risk by not springing for the add-on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-56\">However, a CDW may be unnecessary if you carry adequate coverage through another source, commonly your car insurance or credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-58\">Your Personal Car Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-59\">If you have collision auto insurance on your personal vehicle, you likely have similar coverage when renting a car. These coverages protect any vehicle you’re driving, no matter who is at fault in an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-61\">However, your car insurance may not cover loss of use when the car is repaired, towing fees, or any of the rental company’s administrative expenses. Your insurance policy may only cover you up to a certain number of days, such as 30 days. Always call your insurance representative to find out how your coverage works when renting a car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-63\">A CDW can reduce the risk of an incident being reported to your insurance and help you avoid paying your insurance’s deductible if you damage the car.  However, a credit card with secondary coverage can also cover the deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> If you’re at fault in an accident and injure anyone or damage the other driver’s vehicle, your insurance company will find out about the incident when the driver makes a claim. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-67\">Your Credit Card</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-68\">Some credit card companies offer coverage for cardholders who use their credit card for the full rental cost of the vehicle. There are two different types of rental car protection provided by card issuers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-70\"><strong>Secondary rental car coverage</strong>: This is the most common type of coverage, and it picks up the deductible or other potential costs beyond what your auto policy covers. In some cases (if you don’t have a personal auto policy or you’re renting overseas), secondary rental car insurance becomes primary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-72\"><strong>Primary rental car coverage</strong>: This benefit is found only on some premium credit cards. If you get into an accident or there is some sort of rental car damage, you don’t have to file a claim with your auto insurance—your credit card covers the costs up to the car’s value or a fairly high limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-74\">Credit cards with rental car insurance include Capital One Venture X Rewards, many Chase Sapphire, United, and Ink cards, and American Express Premium Car Rental Protection plans, which you can add for each rental. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Credit card rental car insurance doesn’t extend to all autos, including luxury vehicles. Other exclusions may exist too—for example, rentals in certain countries. Read up on limitations or call your card representatives to avoid surprises.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is a Collision Damage Waiver Worth It?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you don’t have a credit card offering rental car coverage, a collision damage waiver could save you from having to pay the deductible on your personal car insurance policy. If your deductible is significant, the few bucks extra per day might be worth the daily CDW expense. If you don’t have car insurance, it’s a smart idea since you may not have any coverage otherwise.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What\'s the Difference Between a CDW and an LDW?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>CDW stands for Collision Damage Waiver, and LDW stands for Loss Damage Waiver. The latter may include theft and accident coverage, but even some companies that refer to their offer as a “CDW” may include theft. Verify the terms of your rental.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does Collision Damage Waiver Cover a Flat Tire?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It depends. A Collision Damage Waiver covers costs related to an accident, so tire repair is covered if you crash and end up with a flat tire. But if a tire leak occurs due to accidentally parking on broken glass, the flat tire’s costs may not be covered. Depending on the rental company and country of rental, you may be able to get a less-expensive glass and tire damage waiver.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-84\">Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-85\">Deciding if a Collision Damage Waiver is worth it depends on your coverage and how much you value the benefit of adding a layer of protection. If you don’t have personal auto insurance or a credit card with coverage, then you should seriously consider paying for a CDW. What’s most important is that you take the time to understand your coverage options and their limitations so you can make an educated decision.</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/collision-damage-waiver-cdw.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is a Collision Damage Waiver (CDW)? Definition and Coverage','','publish','closed','closed','','what-is-a-collision-damage-waiver-cdw-definition-and-coverage','','','2023-12-28 19:49:48','2023-12-28 19:49:48','',0,'https://smartinsurance.tips/?p=3746',0,'post','',0),(3747,1,'2023-12-28 19:46:57','2023-12-28 19:46:57','','Untitled-26-1','','inherit','closed','closed','','untitled-26-1','','','2023-12-28 19:46:57','2023-12-28 19:46:57','',3746,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26-1.png',0,'attachment','image/png',0),(3748,1,'2023-12-28 19:49:48','2023-12-28 19:49:48','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3747,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26-1-1024x1024.png\" alt=\"\" class=\"wp-image-3747\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is a Collision Damage Waiver?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Car rental agencies offer an optional collision damage waiver (CDW), which helps pay for damage to the rented car. This waiver is sometimes called a Loss Damage Waiver (LDW) or Physical Damage Waiver. The waiver’s cost depends on various factors, including the rental car type and where the vehicle is being driven.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Learn more about what a CDW does and doesn’t cover, how your insurance or credit cards may already protect you, and whether it’s worth getting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\"></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Car rental companies sell the collision damage waiver as an extra layer of coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To get a CDW, you’ll pay an additional daily fee for the duration of your car rental.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A CDW covers auto damage during your rental period and sometimes theft.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You could decline CDW if you have personal auto insurance with collision and comprehensive coverage or a credit card with primary rental car insurance coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">How Does a Collision Damage Waiver Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">A car rental company will typically offer a collision damage waiver when you reserve the automobile or pick up the rental car at the counter. If you choose not to get CDW, you must explicitly decline the optional coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">If you want to purchase a collision damage waiver, you’ll pay an additional daily fee on top of the rental car fee. The fee amount can depend on the car’s cost—for example, you may pay more per day for a very expensive vehicle.1</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">With the waiver, if the car is damaged, the agency waives its fees for repairing the car and any loss of use charges that add up while the rental vehicle undergoes repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">Some agencies offer a partial damage waiver or a damage waiver with a deductible. These coverages cost less, but also only partially pay for any damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">If you’re in an accident with your rental car, you must promptly report the incident to the agency and, if necessary, to law enforcement. The car agency then picks up qualifying repair costs, and the incident isn’t reported to your insurance company—unless you were at fault in the accident or the agency says the damage or cause is excluded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">What Does a Collision Damage Waiver Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">A collision damage waiver typically covers losses from any damage to a rental car while in your possession. For example, if you drive around town and get into a fender bender, you won’t have to pay anything out of pocket for repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">A CDW will usually also cover the following types of car damage:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-23\"><!-- wp:list-item -->\n<li>Accident</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalization</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fire&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Weather-related damage</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The coverage also includes any damage to the car while parked, and accident-related towing. Rental agency coverage will typically also cover the agency’s administrative fees and any daily lost revenue due to the vehicle being out of rotation (also called loss of use).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">In some cases, however, you must purchase a separate theft protection plan to cover car theft. In other cases, state law may say you’re not responsible for theft or you’re only liable for a limited amount of vandalism- or theft-related causes, even if you didn’t buy any protection at all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> You must check the specifics of a CDW offer and ask questions, as coverage and exceptions vary. For example, one policy may cover fire damage, while another does not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-31\">What Collision Damage Waiver Does Not Cover</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">Collision Damage Waivers won’t cover:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-34\"><!-- wp:list-item -->\n<li>Damage to other cars</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bodily injury to other people&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Injuries to you or your passengers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft or damage of your personal items in the vehicle</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Depending on the state where you’re renting the car, liability coverage (damage to other people or their vehicles) may be included in your rate or it may only kick in after the liability coverage through your personal insurance has been exhausted. Your personal auto policy or health insurance can also help cover you for injuries, while your homeowners policy may cover theft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Depending on where you’re renting the vehicle, the CDW may not cover interior damage to the car; lost, damaged or stolen keys or devices; or it may contain other exclusions. With some rental companies, a CDW excludes damage to the windshield, tires, and mirrors. Though these incidents may not be as serious, they are more common, and costs can increase quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">Waivers typically contain numerous exclusions that will lead to a breach of the rental agreement, in which case the CDW will not cover damage costs. These exclusions may be decided by your state and will be listed in your contract. Typical exclusions include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-42\"><!-- wp:list-item -->\n<li>Using a cellphone while driving&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Allowing non-authorized drivers to drive</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving into Mexico</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving recklessly or with risky behaviors, such as racing</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Taking the rental car off-road (onto gravel roads or on beaches)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Participating in an activity that could be criminal (even if you weren’t charged)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Operating the vehicle while under the influence of alcohol or any controlled substance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Car theft resulting from not removing the keys or key fobs or closing and locking doors and windows</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-44\">How Much Does a Collision Damage Waiver Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Collision damage waivers are not expensive, but renting for a few days can increase your total cost by $100 or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Pricing varies depending on the rental company, location or state you’re renting, the vehicle type, and other factors. To give you an idea, we collected quotes from three rental car providers across three locations for an economy car in June 2023. We found the cost to average between $25 and $35 per day, rounded to the nearest dollar:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td></td><td><strong>Avis</strong></td><td><strong>Alamo</strong></td><td><strong>Thrifty</strong></td></tr><tr><td><strong>Orlando</strong></td><td>$31</td><td>$39</td><td>$35</td></tr><tr><td><strong>Las Vegas</strong></td><td>$27</td><td>$31</td><td>$29</td></tr><tr><td><strong>Boston</strong></td><td>$31</td><td>$25</td><td>$25</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">However, you may pay far more when renting more expensive vehicles, such as luxury cars.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-53\">Should You Get a Collision Damage Waiver?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">Deciding whether or not to get collision damage waiver depends on your coverage needs and risk tolerance. Declining the coverage may make you feel uneasy, especially if the representative at the rental counter makes the case that you could be taking a huge risk by not springing for the add-on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-56\">However, a CDW may be unnecessary if you carry adequate coverage through another source, commonly your car insurance or credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-58\">Your Personal Car Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-59\">If you have collision auto insurance on your personal vehicle, you likely have similar coverage when renting a car. These coverages protect any vehicle you’re driving, no matter who is at fault in an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-61\">However, your car insurance may not cover loss of use when the car is repaired, towing fees, or any of the rental company’s administrative expenses. Your insurance policy may only cover you up to a certain number of days, such as 30 days. Always call your insurance representative to find out how your coverage works when renting a car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-63\">A CDW can reduce the risk of an incident being reported to your insurance and help you avoid paying your insurance’s deductible if you damage the car.  However, a credit card with secondary coverage can also cover the deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> If you’re at fault in an accident and injure anyone or damage the other driver’s vehicle, your insurance company will find out about the incident when the driver makes a claim. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-67\">Your Credit Card</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-68\">Some credit card companies offer coverage for cardholders who use their credit card for the full rental cost of the vehicle. There are two different types of rental car protection provided by card issuers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-70\"><strong>Secondary rental car coverage</strong>: This is the most common type of coverage, and it picks up the deductible or other potential costs beyond what your auto policy covers. In some cases (if you don’t have a personal auto policy or you’re renting overseas), secondary rental car insurance becomes primary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-72\"><strong>Primary rental car coverage</strong>: This benefit is found only on some premium credit cards. If you get into an accident or there is some sort of rental car damage, you don’t have to file a claim with your auto insurance—your credit card covers the costs up to the car’s value or a fairly high limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-74\">Credit cards with rental car insurance include Capital One Venture X Rewards, many Chase Sapphire, United, and Ink cards, and American Express Premium Car Rental Protection plans, which you can add for each rental. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Credit card rental car insurance doesn’t extend to all autos, including luxury vehicles. Other exclusions may exist too—for example, rentals in certain countries. Read up on limitations or call your card representatives to avoid surprises.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is a Collision Damage Waiver Worth It?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you don’t have a credit card offering rental car coverage, a collision damage waiver could save you from having to pay the deductible on your personal car insurance policy. If your deductible is significant, the few bucks extra per day might be worth the daily CDW expense. If you don’t have car insurance, it’s a smart idea since you may not have any coverage otherwise.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What\'s the Difference Between a CDW and an LDW?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>CDW stands for Collision Damage Waiver, and LDW stands for Loss Damage Waiver. The latter may include theft and accident coverage, but even some companies that refer to their offer as a “CDW” may include theft. Verify the terms of your rental.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does Collision Damage Waiver Cover a Flat Tire?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It depends. A Collision Damage Waiver covers costs related to an accident, so tire repair is covered if you crash and end up with a flat tire. But if a tire leak occurs due to accidentally parking on broken glass, the flat tire’s costs may not be covered. Depending on the rental company and country of rental, you may be able to get a less-expensive glass and tire damage waiver.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-84\">Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-85\">Deciding if a Collision Damage Waiver is worth it depends on your coverage and how much you value the benefit of adding a layer of protection. If you don’t have personal auto insurance or a credit card with coverage, then you should seriously consider paying for a CDW. What’s most important is that you take the time to understand your coverage options and their limitations so you can make an educated decision.</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/collision-damage-waiver-cdw.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is a Collision Damage Waiver (CDW)? Definition and Coverage','','inherit','closed','closed','','3746-revision-v1','','','2023-12-28 19:49:48','2023-12-28 19:49:48','',3746,'https://smartinsurance.tips/?p=3748',0,'revision','',0),(3750,1,'2024-01-24 15:07:49','2024-01-24 15:07:49','<!-- wp:paragraph -->\n<p>In today’s economy, are you looking for ways to be more money smart with your family budget? If so, you’re not alone. </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\":3751,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-42-1024x1024.png\" alt=\"\" class=\"wp-image-3751\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Below, Carrington Dean share the best ways to be money smart with the family budget. Through Trust Deeds, Carrington Dean have helped countless families beat debt. If you are struggling, don’t struggle alone! Visit their site for more information and discover the pros and cons of a Trust Deed. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are plenty of ways to save money without feeling like you’re missing out. Check out these money smart tips for getting started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>1. Review your family budget regularly</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is a good idea to review your family budget on a regular basis, at least once every few months. This will help ensure that your finances are on track and that you are not overspending. There may be some areas where you can cut back, or you may find that you need to adjust your budget to reflect changes in your family circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>2. Make a plan</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are creating your family budget, it is important to have a plan. You need to know what your income is and where all of your money is going. You can create a budget plan in Excel using templates or make one from scratch. This will help you to make informed choices about how to spend your money and where to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3. Know where to cut back</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are likely areas in your family budget where you can cut back. For example, you may be able to save money by eating out less often or cutting back on your grocery budget. By knowing where you can cut back, you can free up more money to save or to spend on other things.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>4. Prioritize your spending</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are budgeting, it is important to prioritize your spending. You may need to cut back in some areas, but there are likely other areas where you can continue to spend. For example, you may want to prioritize your child’s education or your family’s health care.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>5. Save money where you can</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whenever possible, try to save money. This may mean putting away money into a savings account or investing in a long-term financial goal. By saving money, you will be able to build up a cushion that can help you in case of an emergency or unexpected expense.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>6. Live within your means</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to live within your means when you are on a family budget. This means not spending more money than you have coming in. If you find that you are consistently overspending, you may need to adjust your budget or find ways to make more money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>7. Avoid debt</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whenever possible, try to avoid debt. This can be difficult when you are on a family budget, but it is important to remember that debt can quickly get out of control. If you find that you are struggling to pay off your debts, you may need to seek help from a financial advisor or credit counseling service. The ever-increasing living costs have created a vicious cycle of debt for many people, making it difficult to break out of financial hardship.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>8. Make a realistic budget</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are making a family budget, it is important to be realistic. Don’t try to spend less than you can actually afford or you will likely find yourself in a difficult financial situation. Be honest with yourself about your family’s income and expenses so that you can make a budget that works for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>9. Give yourself some wiggle room</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are creating a family budget, it is important to give yourself some wiggle room. This means that you should not try to spend every last penny that you have. Instead, leave some room in your budget for unexpected expenses or for things that you want to splurge on from time to time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10. Stay disciplined</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to stay disciplined when you are following a family budget. This means that you need to stick to your plan and not overspend. If you find yourself struggling to stick to your budget, there are a few things you can do to help yourself stay on track. For example, you may want to set up a budgeting system or find a financial accountability partner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>11. Communicate with your family</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are on a family budget, it is important to communicate with your family. This means that you need to let them know what your budget is and how much money you have to spend. It is also important to involve them in the budgeting process so that they can help you stay on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>12. Review your budget regularly</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to review your family budget on a regular basis. This will help you to make sure that your budget is still accurate and that you are still on track to meet your financial goals. You should review your budget at least once a year, but you may want to do it more often if your circumstances change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Making a family budget can be a challenge, but it is important to make sure that your family’s finances are in order. By following these tips, you can be money smart with your family budget and ensure that your family is on track to financial success.</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.thebraggingmommy.com/how-you-can-be-money-smart-with-your-family-budget/\">click here.</a></p>\n<!-- /wp:paragraph -->','How You Can Be Money Smart With Your Family Budget','','publish','closed','closed','','how-you-can-be-money-smart-with-your-family-budget','','','2024-01-24 15:07:49','2024-01-24 15:07:49','',0,'https://smartinsurance.tips/?p=3750',0,'post','',0),(3751,1,'2024-01-24 15:06:51','2024-01-24 15:06:51','','Untitled-42','','inherit','closed','closed','','untitled-42','','','2024-01-24 15:06:51','2024-01-24 15:06:51','',3750,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-42.png',0,'attachment','image/png',0),(3752,1,'2024-01-24 15:07:49','2024-01-24 15:07:49','<!-- wp:paragraph -->\n<p>In today’s economy, are you looking for ways to be more money smart with your family budget? If so, you’re not alone. </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\":3751,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-42-1024x1024.png\" alt=\"\" class=\"wp-image-3751\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Below, Carrington Dean share the best ways to be money smart with the family budget. Through Trust Deeds, Carrington Dean have helped countless families beat debt. If you are struggling, don’t struggle alone! Visit their site for more information and discover the pros and cons of a Trust Deed. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are plenty of ways to save money without feeling like you’re missing out. Check out these money smart tips for getting started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>1. Review your family budget regularly</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is a good idea to review your family budget on a regular basis, at least once every few months. This will help ensure that your finances are on track and that you are not overspending. There may be some areas where you can cut back, or you may find that you need to adjust your budget to reflect changes in your family circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>2. Make a plan</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are creating your family budget, it is important to have a plan. You need to know what your income is and where all of your money is going. You can create a budget plan in Excel using templates or make one from scratch. This will help you to make informed choices about how to spend your money and where to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3. Know where to cut back</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are likely areas in your family budget where you can cut back. For example, you may be able to save money by eating out less often or cutting back on your grocery budget. By knowing where you can cut back, you can free up more money to save or to spend on other things.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>4. Prioritize your spending</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are budgeting, it is important to prioritize your spending. You may need to cut back in some areas, but there are likely other areas where you can continue to spend. For example, you may want to prioritize your child’s education or your family’s health care.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>5. Save money where you can</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whenever possible, try to save money. This may mean putting away money into a savings account or investing in a long-term financial goal. By saving money, you will be able to build up a cushion that can help you in case of an emergency or unexpected expense.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>6. Live within your means</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to live within your means when you are on a family budget. This means not spending more money than you have coming in. If you find that you are consistently overspending, you may need to adjust your budget or find ways to make more money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>7. Avoid debt</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whenever possible, try to avoid debt. This can be difficult when you are on a family budget, but it is important to remember that debt can quickly get out of control. If you find that you are struggling to pay off your debts, you may need to seek help from a financial advisor or credit counseling service. The ever-increasing living costs have created a vicious cycle of debt for many people, making it difficult to break out of financial hardship.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>8. Make a realistic budget</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are making a family budget, it is important to be realistic. Don’t try to spend less than you can actually afford or you will likely find yourself in a difficult financial situation. Be honest with yourself about your family’s income and expenses so that you can make a budget that works for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>9. Give yourself some wiggle room</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are creating a family budget, it is important to give yourself some wiggle room. This means that you should not try to spend every last penny that you have. Instead, leave some room in your budget for unexpected expenses or for things that you want to splurge on from time to time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10. Stay disciplined</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to stay disciplined when you are following a family budget. This means that you need to stick to your plan and not overspend. If you find yourself struggling to stick to your budget, there are a few things you can do to help yourself stay on track. For example, you may want to set up a budgeting system or find a financial accountability partner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>11. Communicate with your family</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are on a family budget, it is important to communicate with your family. This means that you need to let them know what your budget is and how much money you have to spend. It is also important to involve them in the budgeting process so that they can help you stay on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>12. Review your budget regularly</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to review your family budget on a regular basis. This will help you to make sure that your budget is still accurate and that you are still on track to meet your financial goals. You should review your budget at least once a year, but you may want to do it more often if your circumstances change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Making a family budget can be a challenge, but it is important to make sure that your family’s finances are in order. By following these tips, you can be money smart with your family budget and ensure that your family is on track to financial success.</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.thebraggingmommy.com/how-you-can-be-money-smart-with-your-family-budget/\">click here.</a></p>\n<!-- /wp:paragraph -->','How You Can Be Money Smart With Your Family Budget','','inherit','closed','closed','','3750-revision-v1','','','2024-01-24 15:07:49','2024-01-24 15:07:49','',3750,'https://smartinsurance.tips/?p=3752',0,'revision','',0),(3753,1,'2024-01-24 15:12:15','2024-01-24 15:12:15','<!-- wp:paragraph -->\n<p>Here Are the 9 Things Your Budget Should Have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3754,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-43-1024x1024.png\" alt=\"\" class=\"wp-image-3754\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">A budget is one of the most important tools to have in your financial planning arsenal. Without a budget, you may run the risk of overspending. It can be more difficult to reach important financial goals, such as saving for an emergency fund or buying a home, when you don\'t have a budget in place to guide your spending. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Mastering the art of budgeting begins with an understanding of the most important components of a good budget. As you create your household budget, remember to include these nine features.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">1. Accurate Spending Categories</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">While budget worksheets can be a helpful resource to guide your budget, they may not align perfectly with your spending habits. When creating your budget, focus on including expense categories that reflect where your money goes. Tracking your spending with a budgeting app is a good way to understand your monthly expenses. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">2. Enough Spending Categories</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">In addition to having accurate spending categories, your budget also needs to have the correct number of spending categories. While you don\'t want to go overboard, breaking down broader expense categories into smaller segments can give you a clearer picture of where your money goes. That\'s useful for understanding your spending patterns, and it can also help pinpoint areas where you can reduce spending. Just make sure that you don\'t drown in the details.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-10\">3. Accurate Income Projections</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Spending is one half of your budget; income is the other. Accuracy is a must, not only for expenses but also with your income. You have to account for how much money you will have to spend, not just how much you make or think you will make. Don\'t forget to take out taxes and other deductions (like contributions to your employer\'s 401(k)). If you have irregular income, you may consider basing your monthly budget on the average you make each month. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-13\">4. Categories for Irregular&nbsp;Expenses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">When creating a budget, it\'s easy to get stuck in the monthly mindset, but don\'t forget to include those expenses that may only come around once a quarter, twice a year, or even once a year. For example, you may pay your car insurance every six months, while your homeowner\'s association fees are due annually. To ensure that you account for those expenses accurately, annualize the number, then divide by 12. Build that amount into your monthly budget and set it aside in a separate account so you can pay those expenses when they\'re due.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-16\">5. A Line Item for Savings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">It would not be a budget without including savings. Your budget should treat savings as an expense, not just as what happens with the \"leftover\" or surplus cash if there is any. In treating savings as an expense, you ensure that you\'re contributing money wherever it is most needed. For example, you can have a line item for general savings as well as a category for your emergency fund or savings for a down payment on a home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">6. Tracking for Cash Purchases</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">You don\'t have to track every dollar you spend down to the penny. However, you should try to account for cash spending accurately. Cash spending can easily become the biggest leak in most budgets. Cash disappears quickly, and if you don\'t write down everything you spend it on, you\'ll have a distorted look at your spending and where your money goes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-22\">7. Realistic Written Goals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">This one is a big one, and it\'s not a part of most personal budgets. While written financial goals aren\'t a required piece of a budget and aren\'t included on most budget worksheets, they\'re an extremely important piece of financial planning.&nbsp;By setting realistic goals like&nbsp;saving for a home,&nbsp;buying a new car, getting out of debt, saving for retirement, putting your kids through college, or even having a travel budget, you can begin to find ways to save for those goals and track how close you are to meeting them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Goals can be great sources of motivation for taking control of your spending, and they give every dollar that comes in and goes out of your bank account a purpose.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-27\">8. Regular Reviews</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Most of these features for a successful budget are things that should be included in the budget itself. But, there are also exercises and practices that go along with creating and maintaining a budget. One of those practices is a regular review.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">Your budget isn\'t a set-it-and-forget-it exercise. You should be reviewing your budget and actual spending at least monthly so you can track your progress and make adjustments if necessary. Life changes can increase or reduce your spending and income, and regularly reviewing your budget ensures that your hard-earned dollars don\'t fall through the cracks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-32\">9. The Right Mindset</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">Last but not least, all successful budgeters approach their budgets with the right mindset. While it may be tempting to view your budget as being restrictive, it\'s a way to gain control over your money so you can tell your paycheck what to do, instead of the other way around. Budgeting can be difficult and even a stressful exercise, but it is necessary for financial success. By adopting a positive mindset towards budgeting and staying motivated, you can be well on your way to achieving financial security through budgeting. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I start a budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first thing to do when you\'re creating a budget is to account for all of your income and expenses. Go through a few months of bank and credit card statements, pay stubs, and any other records of your incoming and outgoing cash flows. Total your income, and tally your expenses into categories. Once you know where you stand, you can start to decide where to trim and what limits to put on each category so your spending will be less than your income. From there, you can work on saving and investing goals, as well as any discretionary spending you want to plan for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I stick to my budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone has their own reasons for struggling to keep up with a budget. If you\'re having trouble sticking to it, it\'s a good idea to examine what\'s making it difficult for you. Maybe you didn\'t build any rewards into the budget, or perhaps you simply made your spending goals unrealistic. Once you can determine the issues, you can better focus your efforts to stay on track.</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.thebalancemoney.com/what-makes-for-a-successful-budget-1289233\">click here.</a></p>\n<!-- /wp:paragraph -->','What Makes for a Successful Budget?','','publish','closed','closed','','what-makes-for-a-successful-budget','','','2024-01-24 15:12:15','2024-01-24 15:12:15','',0,'https://smartinsurance.tips/?p=3753',0,'post','',0),(3754,1,'2024-01-24 15:10:07','2024-01-24 15:10:07','','Untitled-43','','inherit','closed','closed','','untitled-43-2','','','2024-01-24 15:10:07','2024-01-24 15:10:07','',3753,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-43.png',0,'attachment','image/png',0),(3755,1,'2024-01-24 15:12:15','2024-01-24 15:12:15','<!-- wp:paragraph -->\n<p>Here Are the 9 Things Your Budget Should Have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3754,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-43-1024x1024.png\" alt=\"\" class=\"wp-image-3754\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">A budget is one of the most important tools to have in your financial planning arsenal. Without a budget, you may run the risk of overspending. It can be more difficult to reach important financial goals, such as saving for an emergency fund or buying a home, when you don\'t have a budget in place to guide your spending. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Mastering the art of budgeting begins with an understanding of the most important components of a good budget. As you create your household budget, remember to include these nine features.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">1. Accurate Spending Categories</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">While budget worksheets can be a helpful resource to guide your budget, they may not align perfectly with your spending habits. When creating your budget, focus on including expense categories that reflect where your money goes. Tracking your spending with a budgeting app is a good way to understand your monthly expenses. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">2. Enough Spending Categories</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">In addition to having accurate spending categories, your budget also needs to have the correct number of spending categories. While you don\'t want to go overboard, breaking down broader expense categories into smaller segments can give you a clearer picture of where your money goes. That\'s useful for understanding your spending patterns, and it can also help pinpoint areas where you can reduce spending. Just make sure that you don\'t drown in the details.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-10\">3. Accurate Income Projections</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Spending is one half of your budget; income is the other. Accuracy is a must, not only for expenses but also with your income. You have to account for how much money you will have to spend, not just how much you make or think you will make. Don\'t forget to take out taxes and other deductions (like contributions to your employer\'s 401(k)). If you have irregular income, you may consider basing your monthly budget on the average you make each month. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-13\">4. Categories for Irregular&nbsp;Expenses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">When creating a budget, it\'s easy to get stuck in the monthly mindset, but don\'t forget to include those expenses that may only come around once a quarter, twice a year, or even once a year. For example, you may pay your car insurance every six months, while your homeowner\'s association fees are due annually. To ensure that you account for those expenses accurately, annualize the number, then divide by 12. Build that amount into your monthly budget and set it aside in a separate account so you can pay those expenses when they\'re due.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-16\">5. A Line Item for Savings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">It would not be a budget without including savings. Your budget should treat savings as an expense, not just as what happens with the \"leftover\" or surplus cash if there is any. In treating savings as an expense, you ensure that you\'re contributing money wherever it is most needed. For example, you can have a line item for general savings as well as a category for your emergency fund or savings for a down payment on a home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">6. Tracking for Cash Purchases</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">You don\'t have to track every dollar you spend down to the penny. However, you should try to account for cash spending accurately. Cash spending can easily become the biggest leak in most budgets. Cash disappears quickly, and if you don\'t write down everything you spend it on, you\'ll have a distorted look at your spending and where your money goes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-22\">7. Realistic Written Goals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">This one is a big one, and it\'s not a part of most personal budgets. While written financial goals aren\'t a required piece of a budget and aren\'t included on most budget worksheets, they\'re an extremely important piece of financial planning.&nbsp;By setting realistic goals like&nbsp;saving for a home,&nbsp;buying a new car, getting out of debt, saving for retirement, putting your kids through college, or even having a travel budget, you can begin to find ways to save for those goals and track how close you are to meeting them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Goals can be great sources of motivation for taking control of your spending, and they give every dollar that comes in and goes out of your bank account a purpose.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-27\">8. Regular Reviews</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Most of these features for a successful budget are things that should be included in the budget itself. But, there are also exercises and practices that go along with creating and maintaining a budget. One of those practices is a regular review.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">Your budget isn\'t a set-it-and-forget-it exercise. You should be reviewing your budget and actual spending at least monthly so you can track your progress and make adjustments if necessary. Life changes can increase or reduce your spending and income, and regularly reviewing your budget ensures that your hard-earned dollars don\'t fall through the cracks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-32\">9. The Right Mindset</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">Last but not least, all successful budgeters approach their budgets with the right mindset. While it may be tempting to view your budget as being restrictive, it\'s a way to gain control over your money so you can tell your paycheck what to do, instead of the other way around. Budgeting can be difficult and even a stressful exercise, but it is necessary for financial success. By adopting a positive mindset towards budgeting and staying motivated, you can be well on your way to achieving financial security through budgeting. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I start a budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first thing to do when you\'re creating a budget is to account for all of your income and expenses. Go through a few months of bank and credit card statements, pay stubs, and any other records of your incoming and outgoing cash flows. Total your income, and tally your expenses into categories. Once you know where you stand, you can start to decide where to trim and what limits to put on each category so your spending will be less than your income. From there, you can work on saving and investing goals, as well as any discretionary spending you want to plan for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I stick to my budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone has their own reasons for struggling to keep up with a budget. If you\'re having trouble sticking to it, it\'s a good idea to examine what\'s making it difficult for you. Maybe you didn\'t build any rewards into the budget, or perhaps you simply made your spending goals unrealistic. Once you can determine the issues, you can better focus your efforts to stay on track.</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.thebalancemoney.com/what-makes-for-a-successful-budget-1289233\">click here.</a></p>\n<!-- /wp:paragraph -->','What Makes for a Successful Budget?','','inherit','closed','closed','','3753-revision-v1','','','2024-01-24 15:12:15','2024-01-24 15:12:15','',3753,'https://smartinsurance.tips/?p=3755',0,'revision','',0),(3756,1,'2024-01-24 19:21:42','2024-01-24 19:21:42','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3757,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-44-1024x1024.png\" alt=\"\" class=\"wp-image-3757\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Saving money is not quite as fun as spending it, but money in the bank can be a lifesaver when you’re hit with unexpected expenses or a sudden job loss. When your bank account balance is only a few dollars, however, it’s easy to feel that saving any amount of money is impossible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you struggle to save money, you’re in good company. Only about 4 in 10 U.S. adults (44 percent) could cover the cost of a $1,000 emergency with savings, according to a recent Bankrate survey.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You might think you need to make more money in order to save, but there are actually plenty of other ways you can start your nest egg today rather than tomorrow, ranging from simple habits to innovative digital tools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Write down your savings goals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having specific goals can help you save more money. Write down your savings goals or save them in a spreadsheet, and assign them names (like “emergency fund” or “new car fund”) and deadlines. Then, identify how much to set aside each month to have the full amount when you’ll need the money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Using multiple savings accounts can also help you meet your goals, since you can devote one account to each goal and easily track your progress.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An alternative is to use a bank that lets you create categories — sometimes called buckets — within the same account that allow you to save toward different goals. Examples of such accounts are the Sallie Mae SmartyPig account and the Ally online savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Create a budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The idea of coming up with a budget can be intimidating, but keep in mind it’s as simple as listing your income and expenses each month. Create spending categories for things like housing, transportation, utilities, groceries and entertainment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Add line items to your budget for your savings goal categories, such as “emergency fund” or “wedding fund,” and devote money to them each month, just as you devote money to the other spending categories.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find a home for your savings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Remember, no amount is too small to start saving — even a dollar counts. If you need to, go with a savings account that allows for low minimum balances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, seek out a savings account with a competitive annual percentage yield (APY) and that either doesn’t charge monthly fees or lets you avoid them by meeting certain requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever bank you choose, consider using a money-saving app. If you have a checking account, for example, you can connect it to an app like <a href=\"https://www.bankrate.com/banking/digit-app-adds-instant-transfer-for-bank-accounts/\">Digit</a>, which can automatically move small amounts of money it thinks you can afford into your savings every few days, to help you save more quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are plenty of other automated savings apps or bank accounts to choose from: Qapital, Albert, Ally Bank and Chime are a few options to keep you going and add some speed to your savings habit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Keep checking and savings accounts at different banks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>New savers may want to create a barrier between the money being saved and the money being spent, to make it less tempting to dip into the savings for impulse purchases.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can do this by setting up your checking and savings accounts at separate banks. Then, connect the accounts via an automatic transfer from your checking into your savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“It’s a psychological thing,” says Pamela Capalad, a certified financial planner and owner of Brunch &amp; Budget. “When you open your bank account app and your checking and savings numbers are in there, you kind of add those numbers together and you’re like, ‘Oh, that’s how much money I have to spend.’ But if they are totally separate, you kind of forget.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Set up direct deposit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The most convenient way to get paid is by using direct deposit, whereby your employer deposits your paycheck electronically into your bank account. You can access the money more quickly than you would by receiving and depositing a paper check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Direct deposit was used by 96 percent of respondents in a 2021 “Getting paid in America” survey conducted by the American Payroll Association.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find areas to cut your spending</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s easy to buy things we know we shouldn’t — and no, we aren’t arguing that buying lattes is why more of us aren’t millionaires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If you want to get coffee, (then) get coffee,” says Mariel Beasley, co-director of Common Cents Lab, a financial research lab at Duke University. “But all of us can look back at our bank statement and say, ‘Oh man, I can’t believe I spent that much on that,’ or, ‘Oh man, I wish I hadn’t bought it.’”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Assess whether you’re wasting money on things you don’t really want or need. This can include subscriptions for streaming services, magazines or other services you find you don’t use. Cancel such subscriptions and put a portion of that money into savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If this sounds tedious, you can outsource the chore. Some apps, like Trim and Bill Slasher, can negotiate a bill on your behalf. If you want to call the shots on what expenses stay and go, try pairing the activity with something you enjoy. For example, don’t listen to the next episode of your favorite podcast until you take on the task. It’s known as temptation bundling — pairing something you want with something you don’t want to do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“You create a way to reward yourself for doing an unpleasant but important activity,” Beasley says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find ways to grow your income</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You may have cash streams you can allocate to savings, such as birthday money, funds earned from a side hustle or coins you’re cashing in for dollars. Choose one of your income sources and assign it as savings, Beasley says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Bottom line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s no silver bullet to jumping on the savings bandwagon. Techniques that work for one person might not work for another. Stay on the lookout for something or someone that motivates you to keep saving small amounts of money regularly.</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/banking/savings/start-saving-from-scratch/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Start Saving (Even if You’re Starting from Scratch)','','publish','closed','closed','','how-to-start-saving-even-if-youre-starting-from-scratch','','','2024-01-24 19:21:42','2024-01-24 19:21:42','',0,'https://smartinsurance.tips/?p=3756',0,'post','',0),(3757,1,'2024-01-24 19:20:24','2024-01-24 19:20:24','','Untitled-44','','inherit','closed','closed','','untitled-44-2','','','2024-01-24 19:20:24','2024-01-24 19:20:24','',3756,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-44.png',0,'attachment','image/png',0),(3758,1,'2024-01-24 19:21:42','2024-01-24 19:21:42','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3757,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-44-1024x1024.png\" alt=\"\" class=\"wp-image-3757\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Saving money is not quite as fun as spending it, but money in the bank can be a lifesaver when you’re hit with unexpected expenses or a sudden job loss. When your bank account balance is only a few dollars, however, it’s easy to feel that saving any amount of money is impossible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you struggle to save money, you’re in good company. Only about 4 in 10 U.S. adults (44 percent) could cover the cost of a $1,000 emergency with savings, according to a recent Bankrate survey.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You might think you need to make more money in order to save, but there are actually plenty of other ways you can start your nest egg today rather than tomorrow, ranging from simple habits to innovative digital tools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Write down your savings goals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having specific goals can help you save more money. Write down your savings goals or save them in a spreadsheet, and assign them names (like “emergency fund” or “new car fund”) and deadlines. Then, identify how much to set aside each month to have the full amount when you’ll need the money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Using multiple savings accounts can also help you meet your goals, since you can devote one account to each goal and easily track your progress.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An alternative is to use a bank that lets you create categories — sometimes called buckets — within the same account that allow you to save toward different goals. Examples of such accounts are the Sallie Mae SmartyPig account and the Ally online savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Create a budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The idea of coming up with a budget can be intimidating, but keep in mind it’s as simple as listing your income and expenses each month. Create spending categories for things like housing, transportation, utilities, groceries and entertainment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Add line items to your budget for your savings goal categories, such as “emergency fund” or “wedding fund,” and devote money to them each month, just as you devote money to the other spending categories.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find a home for your savings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Remember, no amount is too small to start saving — even a dollar counts. If you need to, go with a savings account that allows for low minimum balances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, seek out a savings account with a competitive annual percentage yield (APY) and that either doesn’t charge monthly fees or lets you avoid them by meeting certain requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever bank you choose, consider using a money-saving app. If you have a checking account, for example, you can connect it to an app like <a href=\"https://www.bankrate.com/banking/digit-app-adds-instant-transfer-for-bank-accounts/\">Digit</a>, which can automatically move small amounts of money it thinks you can afford into your savings every few days, to help you save more quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are plenty of other automated savings apps or bank accounts to choose from: Qapital, Albert, Ally Bank and Chime are a few options to keep you going and add some speed to your savings habit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Keep checking and savings accounts at different banks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>New savers may want to create a barrier between the money being saved and the money being spent, to make it less tempting to dip into the savings for impulse purchases.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can do this by setting up your checking and savings accounts at separate banks. Then, connect the accounts via an automatic transfer from your checking into your savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“It’s a psychological thing,” says Pamela Capalad, a certified financial planner and owner of Brunch &amp; Budget. “When you open your bank account app and your checking and savings numbers are in there, you kind of add those numbers together and you’re like, ‘Oh, that’s how much money I have to spend.’ But if they are totally separate, you kind of forget.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Set up direct deposit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The most convenient way to get paid is by using direct deposit, whereby your employer deposits your paycheck electronically into your bank account. You can access the money more quickly than you would by receiving and depositing a paper check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Direct deposit was used by 96 percent of respondents in a 2021 “Getting paid in America” survey conducted by the American Payroll Association.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find areas to cut your spending</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s easy to buy things we know we shouldn’t — and no, we aren’t arguing that buying lattes is why more of us aren’t millionaires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If you want to get coffee, (then) get coffee,” says Mariel Beasley, co-director of Common Cents Lab, a financial research lab at Duke University. “But all of us can look back at our bank statement and say, ‘Oh man, I can’t believe I spent that much on that,’ or, ‘Oh man, I wish I hadn’t bought it.’”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Assess whether you’re wasting money on things you don’t really want or need. This can include subscriptions for streaming services, magazines or other services you find you don’t use. Cancel such subscriptions and put a portion of that money into savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If this sounds tedious, you can outsource the chore. Some apps, like Trim and Bill Slasher, can negotiate a bill on your behalf. If you want to call the shots on what expenses stay and go, try pairing the activity with something you enjoy. For example, don’t listen to the next episode of your favorite podcast until you take on the task. It’s known as temptation bundling — pairing something you want with something you don’t want to do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“You create a way to reward yourself for doing an unpleasant but important activity,” Beasley says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find ways to grow your income</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You may have cash streams you can allocate to savings, such as birthday money, funds earned from a side hustle or coins you’re cashing in for dollars. Choose one of your income sources and assign it as savings, Beasley says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Bottom line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s no silver bullet to jumping on the savings bandwagon. Techniques that work for one person might not work for another. Stay on the lookout for something or someone that motivates you to keep saving small amounts of money regularly.</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/banking/savings/start-saving-from-scratch/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Start Saving (Even if You’re Starting from Scratch)','','inherit','closed','closed','','3756-revision-v1','','','2024-01-24 19:21:42','2024-01-24 19:21:42','',3756,'https://smartinsurance.tips/?p=3758',0,'revision','',0),(3759,1,'2024-01-24 19:26:54','2024-01-24 19:26:54','<!-- wp:paragraph -->\n<p>Get rid of old electronics, make space on your phone and computer, manage your passwords and email inbox, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3760,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-45-1024x1024.png\" alt=\"\" class=\"wp-image-3760\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Here’s what to do with the old laptops, cell phones, and power cords you no longer need. Plus, how to organize what you do use, including streamlining that overflowing email inbox.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Get Rid of Old Electronics</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Follow this step-by-step guide to saving what you need, deleting the rest, and recycling the hardware.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Gather and Sort Gadgets</strong><br>The first step in taking control of unwanted devices is to collect them in one spot that’s convenient but out of sight, where you can work on the project gradually.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then divide them into two categories.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Devices that don’t contain personal data on them, such as keyboards, headphones, and monitors, can go into boxes ready to sell, donate, or recycle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The second group is for items that may have important files, such as laptops, phones, and CDs. In most cases, you’ll want to copy and then erase those files. (Instructions follow.) But if you don’t care about retrieving the information and just want to make sure sensitive data is deleted, you can try a free service that will take the items off your hands and erase the data—in which case, jump to \"Sell, Donate, or Recycle,\" below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Back Up and Wipe Old Phones</strong><br>The photos, contacts, and messages from your old phone may already be copied onto your new phone. But you can do it again to be safe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>•&nbsp;<strong>Android phones:</strong>&nbsp;Go to Settings, tap the search icon, and enter \"backup.\" Follow the prompts, then wait 24 hours to make sure everything gets copied. If your phone has an SD card for extra storage, pop it into your computer’s built-in SD card reader or an external reader, which costs around $10 from brands such as Kingston and SanDisk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>•&nbsp;<strong>iPhones:</strong>&nbsp;One option is to back up to iCloud, but you may have to pay a monthly fee to get enough storage. (Go to Settings, tap your name &gt; iCloud backup.) Or connect the phone to your computer with a cable. On a Mac, open Finder and click on the iPhone. Then click General &gt; \"Back up all of the data on your iPhone to this Mac.\" On a Windows PC, open iTunes, then click the iPhone button &gt; Summary &gt; Back Up Now.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then erase the data on the phone. If it has a SIM card, remove and destroy it (scissors should work). Search Settings for \"reset.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Wipe a Laptop or Desktop Computer</strong><br>This process can take a while. If you have trouble—say, the device won’t turn on—or you prefer to get help, contact an electronics repair shop. As an example, Best Buy’s Geek Squad data backup service starts at $100.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ready to take it on yourself? A fast, simple backup method is to copy the files onto an external hard drive. A 2-terabyte drive should be more than enough—and you can then use it for extra storage with your current computer. Prominent brands such as Seagate and Western Digital offer them for about $60. Connect the drive to the old computer with a USB cable, then use File Explorer for Windows or Finder on Mac to copy the files you want onto the drive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Next, permanently wipe all personal data from the laptop. This takes a number of steps, which vary depending on the type and age of your computer. See how to wipe a computer clean of personal data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Destroy Old CDs, DVDs, and Floppy Disks</strong><br>Do you still have a pile of 3.5-inch floppy disks in a desk drawer? You can buy an inexpensive reader to copy the files to your computer or just see what’s on them. A floppy disk drive on Amazon runs about $20; a DVD drive is about $25.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you have the files on your computer, make the obsolete disks unreadable: Cut scratches in a CD or DVD, and cut up the disk inside a floppy disk. Then add the pieces to your e-cycling pile.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Sell, Donate, or Recycle</strong><br>It’s finally time to get your dusty old gadgets out of the house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Cash out. </strong>Trade-in programs will give you a quote for items like PCs and phones, a free shipping label, and cash or a gift card after they receive them. Options include Amazon, Apple, and Best Buy. BuyBackWorld and Gazelle promise to delete all your personal data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Donate. </strong>Check with a local charity or go to WorldComputerExchange. org, which distributes tech to schools and programs across the globe. Dell Reconnect works with Goodwill; it takes items in any condition and promises to wipe your data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Recycle. </strong>Don’t throw electronic items in the trash. Recycling them helps conserve resources and keep toxic chemicals out of the environment. Your local recycling center may accept e-waste. Or go to Earth911.com to find other options near you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Make More Space on Your Devices</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Eventually, your phone and laptop may start telling you they’re running out of space, especially if you’ve saved lots of photos and videos. Here’s how to declutter your devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Free Up Storage on Your Computer</strong><br><strong>Delete unused applications.</strong>&nbsp;The first step is to delete old applications, which can take up a lot of room on a hard drive. You might not even be using the biggest space hogs.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Open Finder and go to the Applications folder. Select the app, then either drag it to the Trash or right-click it (or click while holding down the Control button) and choose File &gt; Move to Trash. Then right-click on the Trash icon and choose Empty Trash.<br><strong>• Windows:</strong>&nbsp;Go to Settings. Then choose Apps &gt; Apps &amp; features. Find the app you want to remove, then select More &gt; Uninstall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Delete duplicates.</strong>&nbsp;Identical copies of files aren’t just a waste of space; they’re confusing when you don’t know which file to open. Here’s an easy way to find and delete those duplicates.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Open Finder and search for \"(1)\" with quotation marks.<br>•&nbsp;<strong>Windows:&nbsp;</strong>In File Explorer on Windows, search for&nbsp;<em>filename: \"*(1)*\"</em>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Use built-in utilities.</strong>&nbsp;These tools will recommend other ways to save space.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Click the Apple icon, then System Settings &gt; General &gt; Storage.<br>•&nbsp;<strong>Windows:</strong>&nbsp;Find the app called Disk Cleanup, or a feature called Storage Sense under Start &gt; Settings &gt; System &gt; Storage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Declutter Your Desktop and Downloads Folder</strong><br>Having numerous files on your desktop is like having papers spread all over your actual desk: It can be hard to find what you need and stressful to look at. Your downloads folder can get just as messy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Delete the files on your desktop you no longer need, such as that PDF ticket for an event long ago, as well as unneeded shortcuts to applications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Next, move files you do want to keep to the appropriate subfolder under your main Documents folder—or create a new subfolder if necessary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now open your Downloads folder and scroll through the list to identify any files you want to keep, such as downloaded bank statements. Move them to the appropriate folders under Documents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Everything else, including installation files (.dmg on Mac, .exe on Windows), can be trashed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Free Up Storage on Your Phone</strong><br><strong>Quickly clean up an Android phone.</strong> You can delete unused apps, duplicate photos, junk files, and more with the Files by Google app. Download it from the Play Store if it’s not already installed. In the app, tap Clean on the bottom. Then you can choose the kinds of files and apps you want to remove with just a few taps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Delete unused apps on an iPhone.</strong>&nbsp;Go to Settings &gt; General &gt; iPhone Storage to see a color-coded bar graph showing your storage usage. Below that, click on the recommendations iOS will present to you, such as enabling \"Offload Unused Apps,\" which deletes the apps but keeps the user data in case you want to use the apps in the future. You’ll also see on this screen the apps that are installed on your phone and their size. Tap on the ones you wish to delete.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Optimize photos and videos.</strong>&nbsp;Photos and videos tend to take up the most storage space. Photo optimization stores full-resolution versions in the cloud while leaving smaller versions on your phone.<br>•&nbsp;<strong>On an Android phone:</strong>&nbsp;Go to Google Photos’ settings and select \"Free up space.\"<br><strong>•&nbsp;On an iPhone:</strong>&nbsp;Go to Settings &gt; Photos and enable \"Optimize iPhone Storage.\" Now you’ll have more room...for more photos and videos.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Tidy Your Digital Accounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Online life brings certain headaches, such as ever-changing passwords and an overflowing inbox. Here are fixes for those annoyances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Manage Your Passwords</strong><br>Have you clicked a \"Forgot password?\" link in the past few months? Resetting your password because you can’t remember it is no one’s idea of a good time. For your security, and to make logging in to accounts as hassle-free as possible, we recommend using a password manager, which generates and saves long, unique passwords for all your online accounts. (One thing you should never do is reuse the same password on multiple sites, which is a major security risk.) In CR’s tests, 1Password (from $36 per year) performed the best for its balance of privacy, security, and ease of use. Dashlane and Keeper offer both free and paid options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you start using a password manager, you need to remember just one password—the one you use to access all your stored log-in credentials. Make it long (at least 16 characters), unique, and memorable. You can use a series of random words separated by hyphens or spaces. It’s fine to write this down in a notebook stored safely at home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Shut Down Old Accounts</strong><br>Many of us have long-forgotten accounts with retailers, apps, media sites, and more. This raises the odds of your data being misused or stolen. To find old accounts to close, search for emails with phrases like \"welcome to\" and \"confirm your email.\" To avoid phishing attacks, don’t click on links in these emails. Instead, go to the company website in a fresh browser tab.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Empty Your Email Inbox</strong><br>An inbox full of hundreds if not thousands of read and unread emails is distracting and can be a source of stress. You could archive everything, but the emails will take up space and it could cost money if you exceed the account’s free storage limit. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Stop Unwanted Emails</strong><br>Once you empty your inbox of marketing emails, you don’t want it to quickly fill back up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Marketers give you a way to stop receiving their messages. A convenient tactic for collecting a lot of them in one place is to search your inbox for common marketing lingo like \"today only,\" \"while supplies last,\" \"limited time,\" \"coupon,\" and even \"privacy policy\" and \"edit your preferences.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, in the search results, open each email and click on the Unsubscribe link next to the email sender’s name, if it’s available. Or scroll to the bottom of the email to find the Unsubscribe link to remove yourself from the mailing list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Repeat with each sender, and enjoy deleting the emails as you go.</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/electronics-computers/take-control-of-tech-clutter-a1158623652/\">click here.</a></p>\n<!-- /wp:paragraph -->','Take Control of Tech Clutter','','publish','closed','closed','','take-control-of-tech-clutter','','','2024-01-24 19:26:54','2024-01-24 19:26:54','',0,'https://smartinsurance.tips/?p=3759',0,'post','',0),(3760,1,'2024-01-24 19:23:15','2024-01-24 19:23:15','','Untitled-45','','inherit','closed','closed','','untitled-45-2','','','2024-01-24 19:23:15','2024-01-24 19:23:15','',3759,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-45.png',0,'attachment','image/png',0),(3761,1,'2024-01-24 19:26:54','2024-01-24 19:26:54','<!-- wp:paragraph -->\n<p>Get rid of old electronics, make space on your phone and computer, manage your passwords and email inbox, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3760,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-45-1024x1024.png\" alt=\"\" class=\"wp-image-3760\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Here’s what to do with the old laptops, cell phones, and power cords you no longer need. Plus, how to organize what you do use, including streamlining that overflowing email inbox.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Get Rid of Old Electronics</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Follow this step-by-step guide to saving what you need, deleting the rest, and recycling the hardware.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Gather and Sort Gadgets</strong><br>The first step in taking control of unwanted devices is to collect them in one spot that’s convenient but out of sight, where you can work on the project gradually.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then divide them into two categories.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Devices that don’t contain personal data on them, such as keyboards, headphones, and monitors, can go into boxes ready to sell, donate, or recycle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The second group is for items that may have important files, such as laptops, phones, and CDs. In most cases, you’ll want to copy and then erase those files. (Instructions follow.) But if you don’t care about retrieving the information and just want to make sure sensitive data is deleted, you can try a free service that will take the items off your hands and erase the data—in which case, jump to \"Sell, Donate, or Recycle,\" below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Back Up and Wipe Old Phones</strong><br>The photos, contacts, and messages from your old phone may already be copied onto your new phone. But you can do it again to be safe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>•&nbsp;<strong>Android phones:</strong>&nbsp;Go to Settings, tap the search icon, and enter \"backup.\" Follow the prompts, then wait 24 hours to make sure everything gets copied. If your phone has an SD card for extra storage, pop it into your computer’s built-in SD card reader or an external reader, which costs around $10 from brands such as Kingston and SanDisk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>•&nbsp;<strong>iPhones:</strong>&nbsp;One option is to back up to iCloud, but you may have to pay a monthly fee to get enough storage. (Go to Settings, tap your name &gt; iCloud backup.) Or connect the phone to your computer with a cable. On a Mac, open Finder and click on the iPhone. Then click General &gt; \"Back up all of the data on your iPhone to this Mac.\" On a Windows PC, open iTunes, then click the iPhone button &gt; Summary &gt; Back Up Now.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then erase the data on the phone. If it has a SIM card, remove and destroy it (scissors should work). Search Settings for \"reset.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Wipe a Laptop or Desktop Computer</strong><br>This process can take a while. If you have trouble—say, the device won’t turn on—or you prefer to get help, contact an electronics repair shop. As an example, Best Buy’s Geek Squad data backup service starts at $100.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ready to take it on yourself? A fast, simple backup method is to copy the files onto an external hard drive. A 2-terabyte drive should be more than enough—and you can then use it for extra storage with your current computer. Prominent brands such as Seagate and Western Digital offer them for about $60. Connect the drive to the old computer with a USB cable, then use File Explorer for Windows or Finder on Mac to copy the files you want onto the drive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Next, permanently wipe all personal data from the laptop. This takes a number of steps, which vary depending on the type and age of your computer. See how to wipe a computer clean of personal data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Destroy Old CDs, DVDs, and Floppy Disks</strong><br>Do you still have a pile of 3.5-inch floppy disks in a desk drawer? You can buy an inexpensive reader to copy the files to your computer or just see what’s on them. A floppy disk drive on Amazon runs about $20; a DVD drive is about $25.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you have the files on your computer, make the obsolete disks unreadable: Cut scratches in a CD or DVD, and cut up the disk inside a floppy disk. Then add the pieces to your e-cycling pile.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Sell, Donate, or Recycle</strong><br>It’s finally time to get your dusty old gadgets out of the house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Cash out. </strong>Trade-in programs will give you a quote for items like PCs and phones, a free shipping label, and cash or a gift card after they receive them. Options include Amazon, Apple, and Best Buy. BuyBackWorld and Gazelle promise to delete all your personal data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Donate. </strong>Check with a local charity or go to WorldComputerExchange. org, which distributes tech to schools and programs across the globe. Dell Reconnect works with Goodwill; it takes items in any condition and promises to wipe your data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Recycle. </strong>Don’t throw electronic items in the trash. Recycling them helps conserve resources and keep toxic chemicals out of the environment. Your local recycling center may accept e-waste. Or go to Earth911.com to find other options near you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Make More Space on Your Devices</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Eventually, your phone and laptop may start telling you they’re running out of space, especially if you’ve saved lots of photos and videos. Here’s how to declutter your devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Free Up Storage on Your Computer</strong><br><strong>Delete unused applications.</strong>&nbsp;The first step is to delete old applications, which can take up a lot of room on a hard drive. You might not even be using the biggest space hogs.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Open Finder and go to the Applications folder. Select the app, then either drag it to the Trash or right-click it (or click while holding down the Control button) and choose File &gt; Move to Trash. Then right-click on the Trash icon and choose Empty Trash.<br><strong>• Windows:</strong>&nbsp;Go to Settings. Then choose Apps &gt; Apps &amp; features. Find the app you want to remove, then select More &gt; Uninstall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Delete duplicates.</strong>&nbsp;Identical copies of files aren’t just a waste of space; they’re confusing when you don’t know which file to open. Here’s an easy way to find and delete those duplicates.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Open Finder and search for \"(1)\" with quotation marks.<br>•&nbsp;<strong>Windows:&nbsp;</strong>In File Explorer on Windows, search for&nbsp;<em>filename: \"*(1)*\"</em>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Use built-in utilities.</strong>&nbsp;These tools will recommend other ways to save space.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Click the Apple icon, then System Settings &gt; General &gt; Storage.<br>•&nbsp;<strong>Windows:</strong>&nbsp;Find the app called Disk Cleanup, or a feature called Storage Sense under Start &gt; Settings &gt; System &gt; Storage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Declutter Your Desktop and Downloads Folder</strong><br>Having numerous files on your desktop is like having papers spread all over your actual desk: It can be hard to find what you need and stressful to look at. Your downloads folder can get just as messy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Delete the files on your desktop you no longer need, such as that PDF ticket for an event long ago, as well as unneeded shortcuts to applications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Next, move files you do want to keep to the appropriate subfolder under your main Documents folder—or create a new subfolder if necessary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now open your Downloads folder and scroll through the list to identify any files you want to keep, such as downloaded bank statements. Move them to the appropriate folders under Documents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Everything else, including installation files (.dmg on Mac, .exe on Windows), can be trashed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Free Up Storage on Your Phone</strong><br><strong>Quickly clean up an Android phone.</strong> You can delete unused apps, duplicate photos, junk files, and more with the Files by Google app. Download it from the Play Store if it’s not already installed. In the app, tap Clean on the bottom. Then you can choose the kinds of files and apps you want to remove with just a few taps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Delete unused apps on an iPhone.</strong>&nbsp;Go to Settings &gt; General &gt; iPhone Storage to see a color-coded bar graph showing your storage usage. Below that, click on the recommendations iOS will present to you, such as enabling \"Offload Unused Apps,\" which deletes the apps but keeps the user data in case you want to use the apps in the future. You’ll also see on this screen the apps that are installed on your phone and their size. Tap on the ones you wish to delete.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Optimize photos and videos.</strong>&nbsp;Photos and videos tend to take up the most storage space. Photo optimization stores full-resolution versions in the cloud while leaving smaller versions on your phone.<br>•&nbsp;<strong>On an Android phone:</strong>&nbsp;Go to Google Photos’ settings and select \"Free up space.\"<br><strong>•&nbsp;On an iPhone:</strong>&nbsp;Go to Settings &gt; Photos and enable \"Optimize iPhone Storage.\" Now you’ll have more room...for more photos and videos.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Tidy Your Digital Accounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Online life brings certain headaches, such as ever-changing passwords and an overflowing inbox. Here are fixes for those annoyances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Manage Your Passwords</strong><br>Have you clicked a \"Forgot password?\" link in the past few months? Resetting your password because you can’t remember it is no one’s idea of a good time. For your security, and to make logging in to accounts as hassle-free as possible, we recommend using a password manager, which generates and saves long, unique passwords for all your online accounts. (One thing you should never do is reuse the same password on multiple sites, which is a major security risk.) In CR’s tests, 1Password (from $36 per year) performed the best for its balance of privacy, security, and ease of use. Dashlane and Keeper offer both free and paid options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you start using a password manager, you need to remember just one password—the one you use to access all your stored log-in credentials. Make it long (at least 16 characters), unique, and memorable. You can use a series of random words separated by hyphens or spaces. It’s fine to write this down in a notebook stored safely at home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Shut Down Old Accounts</strong><br>Many of us have long-forgotten accounts with retailers, apps, media sites, and more. This raises the odds of your data being misused or stolen. To find old accounts to close, search for emails with phrases like \"welcome to\" and \"confirm your email.\" To avoid phishing attacks, don’t click on links in these emails. Instead, go to the company website in a fresh browser tab.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Empty Your Email Inbox</strong><br>An inbox full of hundreds if not thousands of read and unread emails is distracting and can be a source of stress. You could archive everything, but the emails will take up space and it could cost money if you exceed the account’s free storage limit. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Stop Unwanted Emails</strong><br>Once you empty your inbox of marketing emails, you don’t want it to quickly fill back up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Marketers give you a way to stop receiving their messages. A convenient tactic for collecting a lot of them in one place is to search your inbox for common marketing lingo like \"today only,\" \"while supplies last,\" \"limited time,\" \"coupon,\" and even \"privacy policy\" and \"edit your preferences.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, in the search results, open each email and click on the Unsubscribe link next to the email sender’s name, if it’s available. Or scroll to the bottom of the email to find the Unsubscribe link to remove yourself from the mailing list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Repeat with each sender, and enjoy deleting the emails as you go.</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/electronics-computers/take-control-of-tech-clutter-a1158623652/\">click here.</a></p>\n<!-- /wp:paragraph -->','Take Control of Tech Clutter','','inherit','closed','closed','','3759-revision-v1','','','2024-01-24 19:26:54','2024-01-24 19:26:54','',3759,'https://smartinsurance.tips/?p=3761',0,'revision','',0),(3762,1,'2024-01-24 19:29:32','2024-01-24 19:29:32','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3763,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-46-1024x1024.png\" alt=\"\" class=\"wp-image-3763\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Developing good work habits is arguably the most important step towards building a successful career. As author Brian Tracy writes, “Successful people are simply those with successful habits.” While it’s tempting to set lofty goals, developing strong daily habits is a much more effective way to achieve productivity and success in your job.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s important to pick the <em>right</em> work habits in order to be successful. In my recent interview, the open source developer and author, Zeno Rocha, highlighted the importance of setting small, atomic daily habits that are achievable. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To that end I’ve compiled a list of 7 easy habits that you can incorporate into your daily routine to greatly improve your productivity and put you on the path to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. Track your work habits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can’t improve what you don’t measure. We say this a lot on this blog but only because it’s true. The first step towards building strong work habits is tracking those work habits. Keeping a record of your daily habits will keep you accountable and provide you the data to understand if you’re truly on track. Furthermore, when you first start building new habits they’ll be top of mind each day. You can also gamify the completion of your habits by creating streaks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To track your work habits you can use classic pen and paper, a simple Google Sheets, or a paid app like Streaks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. Track your time</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Time management is one of the most important aspects of being productive and (say it together now) you can’t improve what you don’t measure. Having a deep understanding of how you’re spending your time will ensure that you don’t develop bad work habits like procrastinating on social media or chatting in Slack. You can also ensure that you’re spending enough time on the right things and focusing on the most important work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When tracking your time it’s important to use a specific time tracker and not just rely on your calendar. As Rahul Vohra writes, “your calendar records what you thought would happen” while a time tracker like Rize will show you how you <em>actually</em> spent your time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. Schedule tomorrow’s tasks at the end of your workday</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>End each workday by writing down where you left off and what you will work on first thing tomorrow. This small work habit will save you hours of time over the course a year. When you start work the next day, you’ll know exactly where to pick up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. Avoid multitasking</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Study after study shows that multitasking reduces your cognitive ability which in turn damages your productivity. A great way to avoid multitasking is by writing down a to-do list with only a select few tasks of important work. Then go through the task list and allocate a certain amount of time to focus solely on completing that task. This methodology is known as timeboxing and can greatly boost your productivity. Focusing on completing a select group of important daily tasks pairs well with the opposite of multitasking, known as single-tasking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. Start your day with a morning walk</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We’ve previously written about the science behind why taking a morning walk improves your productivity. Taking a morning walk after you wake up and before you settle into your workspace is scientifically proven to boost your cognitive performance and productivity. In addition to improving your brain health, a daily walk also has numerous other health benefits such as weight management, reducing disease, and strengthening your bones and muscles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. Stay off social media</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We all know that social media is one the biggest time wasters out there. We recently wrote about how phones and distracting apps like social media reduce your ability to focus even when they’re not actively distracting you. So close your Twitter, LinkedIn, and Instagram. Better yet, move your phone into another room during work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. Meditate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Studies show that brief, daily meditation enhances attention, memory, mood, and emotional control. Meditation provides clarity and calm so you can get to work with a clear mind. Furthermore, daily meditation will leave you with a more positive attitude which will improve other soft skills like teamwork. Your team members will appreciate it. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are a multitude of free and paid meditation apps that can help you build this habit. Calm and Headspace are two most popular options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Conclusion</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you work at a startup or a Fortune 500 company, good work habits will translate into improved productivity, strong career development, and more job satisfaction. Developing new skills and work habits is hard work that requires you to challenge yourself on a regular basis. But building good, healthy habits creates productive people.</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://rize.io/blog/7-good-work-habits-to-improve-your-productivity\">click here.</a></p>\n<!-- /wp:paragraph -->','7 Good Work Habits to Improve Your Productivity','','publish','closed','closed','','7-good-work-habits-to-improve-your-productivity','','','2024-01-24 19:29:32','2024-01-24 19:29:32','',0,'https://smartinsurance.tips/?p=3762',0,'post','',0),(3763,1,'2024-01-24 19:28:13','2024-01-24 19:28:13','','Untitled-46','','inherit','closed','closed','','untitled-46-2','','','2024-01-24 19:28:13','2024-01-24 19:28:13','',3762,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-46.png',0,'attachment','image/png',0),(3764,1,'2024-01-24 19:29:32','2024-01-24 19:29:32','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3763,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-46-1024x1024.png\" alt=\"\" class=\"wp-image-3763\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Developing good work habits is arguably the most important step towards building a successful career. As author Brian Tracy writes, “Successful people are simply those with successful habits.” While it’s tempting to set lofty goals, developing strong daily habits is a much more effective way to achieve productivity and success in your job.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s important to pick the <em>right</em> work habits in order to be successful. In my recent interview, the open source developer and author, Zeno Rocha, highlighted the importance of setting small, atomic daily habits that are achievable. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To that end I’ve compiled a list of 7 easy habits that you can incorporate into your daily routine to greatly improve your productivity and put you on the path to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. Track your work habits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can’t improve what you don’t measure. We say this a lot on this blog but only because it’s true. The first step towards building strong work habits is tracking those work habits. Keeping a record of your daily habits will keep you accountable and provide you the data to understand if you’re truly on track. Furthermore, when you first start building new habits they’ll be top of mind each day. You can also gamify the completion of your habits by creating streaks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To track your work habits you can use classic pen and paper, a simple Google Sheets, or a paid app like Streaks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. Track your time</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Time management is one of the most important aspects of being productive and (say it together now) you can’t improve what you don’t measure. Having a deep understanding of how you’re spending your time will ensure that you don’t develop bad work habits like procrastinating on social media or chatting in Slack. You can also ensure that you’re spending enough time on the right things and focusing on the most important work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When tracking your time it’s important to use a specific time tracker and not just rely on your calendar. As Rahul Vohra writes, “your calendar records what you thought would happen” while a time tracker like Rize will show you how you <em>actually</em> spent your time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. Schedule tomorrow’s tasks at the end of your workday</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>End each workday by writing down where you left off and what you will work on first thing tomorrow. This small work habit will save you hours of time over the course a year. When you start work the next day, you’ll know exactly where to pick up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. Avoid multitasking</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Study after study shows that multitasking reduces your cognitive ability which in turn damages your productivity. A great way to avoid multitasking is by writing down a to-do list with only a select few tasks of important work. Then go through the task list and allocate a certain amount of time to focus solely on completing that task. This methodology is known as timeboxing and can greatly boost your productivity. Focusing on completing a select group of important daily tasks pairs well with the opposite of multitasking, known as single-tasking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. Start your day with a morning walk</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We’ve previously written about the science behind why taking a morning walk improves your productivity. Taking a morning walk after you wake up and before you settle into your workspace is scientifically proven to boost your cognitive performance and productivity. In addition to improving your brain health, a daily walk also has numerous other health benefits such as weight management, reducing disease, and strengthening your bones and muscles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. Stay off social media</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We all know that social media is one the biggest time wasters out there. We recently wrote about how phones and distracting apps like social media reduce your ability to focus even when they’re not actively distracting you. So close your Twitter, LinkedIn, and Instagram. Better yet, move your phone into another room during work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. Meditate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Studies show that brief, daily meditation enhances attention, memory, mood, and emotional control. Meditation provides clarity and calm so you can get to work with a clear mind. Furthermore, daily meditation will leave you with a more positive attitude which will improve other soft skills like teamwork. Your team members will appreciate it. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are a multitude of free and paid meditation apps that can help you build this habit. Calm and Headspace are two most popular options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Conclusion</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you work at a startup or a Fortune 500 company, good work habits will translate into improved productivity, strong career development, and more job satisfaction. Developing new skills and work habits is hard work that requires you to challenge yourself on a regular basis. But building good, healthy habits creates productive people.</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://rize.io/blog/7-good-work-habits-to-improve-your-productivity\">click here.</a></p>\n<!-- /wp:paragraph -->','7 Good Work Habits to Improve Your Productivity','','inherit','closed','closed','','3762-revision-v1','','','2024-01-24 19:29:32','2024-01-24 19:29:32','',3762,'https://smartinsurance.tips/?p=3764',0,'revision','',0),