(1155,1,'2020-12-18 18:39:20','2020-12-18 18:39:20','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Storage Unit Insurance</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/363b16ab-dc89-43b4-9767-8450cdffd735/storage-unit-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Storage Unit Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Self storage is multibillion dollar industry in the US. Millions of Americans keep property in some sort of storage unit, either temporarily or long-term. In fact, 1 out of every 10 Americans rents off-site storage—it\'s the fastest-growing segment of the commercial real estate industry over the past few decades. </span></p>\n<p><span style=\"color: #000000;\">According to the Self Storage Association, the nonprofit trade organization for self storage business owners, the industry made $24 billion last year. On average, a 10x10-foot storage unit rented for $115 per month for a non-climate controlled unit, and $146 for climate-controlled.</span></p>\n<p><span style=\"color: #000000;\">Most demand for storage units is for temporary reasons. When people move, divorce, experience a death in the family or are displaced by a natural disaster, storage units help keep their belongings safe while they find long-term placement. </span></p>\n<p><span style=\"color: #000000;\">Unfortunately, these units are not immune to disaster themselves. That’s why it’s important to secure your property with storage unit insurance.</span></p>\n<p><span style=\"color: #000000;\">Use this <a href=\"https://www.trustedchoice.com/find-an-agent/\" style=\"color: #000000;\">independent agent</a> matching tool to find the best insurance solution in your area. Briefly describe what you\'re looking for, and the tool will recommend the best agents for you. Any information you provide will sent only to the agent you pick.</span></p>\n<h3><span style=\"color: #000000;\">Why Do I Need Insurance for My Storage Unit?</span></h3>\n<p><span style=\"color: #000000;\">According to FBI statistics, more than 1 million storage units are destroyed by arson every year, causing an average of $11,000 in damage. Only 20% of arsonists who set storage units ablaze are ever arrested, making it highly unlikely that you will receive restitution. </span></p>\n<p><span style=\"color: #000000;\">These figures don\'t include accidental fire damage, which causes millions more in lost property. You\'ll want a self storage insurance policy to help you repair or replace your damaged property.</span></p>\n<p><span style=\"color: #000000;\">Many storage units offer video surveillance and other security measures. However, even if a theft is recorded, you may never see your property again. Unfortunately, once items are stolen, it’s unlikely that the police will recover and return them. </span></p>\n<p><span style=\"color: #000000;\">FBI statistics indicate that stolen property is recovered at a dismal average of 3% to 12%, depending on the item (excluding motor vehicles, which are recovered about half the time). Crime data show that jewelry is more easily recovered than household goods such as furniture. </span></p>\n<p><span style=\"color: #000000;\">A family heirloom is easier to track than a coffee table. However, many self storage insurance policies have limitations on what they cover. It’s important to review your policy options carefully before keeping Great-Aunt Mabel’s diamond necklace in a storage facility.  </span></p>\n<h3><span style=\"color: #000000;\">What If My Property Is Already Insured?</span></h3>\n<p><span style=\"color: #000000;\">Your homeowners, renters or business insurance may cover the reason you\'re renting a storage unit in the first place if you are displaced by a tornado, fire or other natural event. In these circumstances, you may already have coverage, as long as the items are listed on your policy. </span></p>\n<p><span style=\"color: #000000;\">This coverage is almost always on a temporary basis and may have more limitations than if the property was still in your home or apartment. Off-premises <a data-item-id=\"baedaa8b-1314-547d-b69c-b82cffb3083c\" href=\"https://www.trustedchoice.com/homeowners-insurance/\" style=\"color: #000000;\">home insurance</a> coverage often has a limit of $1,000 or 10% of the policy\'s personal property limit, whichever is greater. </span></p>\n<p><span style=\"color: #000000;\">That means if the personal property limit is $100,000, up to $10,000 worth of property in a storage unit could be covered. Be sure to carefully review any existing insurance policy to find out if additional storage unit insurance may be necessary.</span></p>\n<p><span style=\"color: #000000;\">If you are in the process of moving, however, you may not have an existing insurance policy and you will want to find insurance for your storage unit.</span></p>\n<h3><span style=\"color: #000000;\">What If the Self Storage Facility Offers Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Self storage facilities often require proof of insurance before renting the unit. Less scrupulous operators neglect to tell the potential renters about this fact until the day they move in, and then immediately demand proof of insurance before handing over the keys. </span></p>\n<p><span style=\"color: #000000;\">This forces the customer to purchase a policy from the facility. To prevent feeling rushed or forced, go in with proof of insurance. Many storage policies reimburse only for an item’s cash value at the time of loss, which may be less than the replacement cost. </span></p>\n<p><span style=\"color: #000000;\">It’s always best to look for a number of quotes from different storage unit insurance companies rather than settling for the facility’s policy, which can be expensive while offering less coverage.</span></p>\n<p><span style=\"color: #000000;\"><strong>Common exclusions in these policies include:</strong></span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\"><strong>Missing items.</strong> Items can only be considered stolen as part of a burglary if there is physical evidence of a break-in. If an item goes missing from your storage unit, it\'s considered a “mysterious disappearance” and isn’t covered.</span></li>\n<li><span style=\"color: #000000;\"><strong>Damage from insects, rodents and other vermin. </strong>These exclusions are similar to homeowners and renters policies. Be sure to ask the facility operator how they manage the local moth and rat populations.</span></li>\n<li><span style=\"color: #000000;\"><strong>Expensive items and documents. </strong>Policies offered at the storage facility can be more exclusionary than third-party insurance coverage. Exclusions usually include jewelry, art, furs, collectibles, cash, deeds, securities and other documents. Your homeowners or renters insurance allow you to purchase riders to cover these normally excluded items. However, this additional and vital protection is most often not offered through the facility’s insurance.</span></li>\n<li><span style=\"color: #000000;\"><strong>Motor vehicles. </strong>Most of these policies also exclude vehicles. You may not have auto insurance on the car or truck you wish to store, so you will want to secure a car insurance policy or opt for a self storage insurance policy from a third party that includes such coverage.</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">Where Can I Find the Best Storage Unit Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Whether you are moving, have experienced a covered natural disaster, or simply wish to store some property while you renovate a room in your home, you want to be sure your belongings are covered, no matter where you keep them. </span></p>\n<p><span style=\"color: #000000;\"><a href=\"https://www.trustedchoice.com/find-an-agent/\" style=\"color: #000000;\">Independent agents</a> can help you review any existing policies you may have so you are certain everything is covered. These agents can also assist you in finding multiple quotes from a variety of insurance providers, enabling you to choose a self storage insurance policy with the best coverage at the most affordable rates.</span></p>\n<p>&nbsp;</p>\n<span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/storage-unit/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Storage Unit Insurance','','publish','closed','closed','','storage-unit-insurance','','','2020-12-18 18:59:39','2020-12-18 18:59:39','',0,'http://smartinsurance.tips/?page_id=1155',0,'page','',0),(1149,1,'2020-12-10 19:45:02','2020-12-10 19:45:02','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Invest Wisely in High-Value Home Insurance</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/76cb9587-2ca0-4eec-943e-5bfdc2746f5d/high-value-home-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Paradise Valley, Arizona - newest estate luxury home\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><span style=\"font-size: 14px; text-align: justify;\"> </span></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">You\'ve had the good fortune of experiencing financial success in your life, and you\'ve invested a great deal of it in your home. But when shopping for homeowners insurance, you may find that standard policies don\'t quite meet your needs. </span></p>\n<p><span style=\"color: #000000;\">You\'ve worked hard to build high-value estate complete with expensive furnishings and other valuables, and you deserve a specialized policy designed to cover your investments.</span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\"><strong>What Is High-Value Home Insurance?</strong></span></h3>\n<p><span style=\"color: #000000;\">In short, high-value home insurance is a policy that provides all the coverage offered by traditional homeowners insurance, and then goes above and beyond. </span></p>\n<p><span style=\"color: #000000;\">Allowed coverage limits in each category are much higher than with traditional homeowners policies, which makes this type of policy perfect for individuals with luxury estates. The value of your home and possessions is factored into your specific policy.</span></p>\n<p><span style=\"color: #000000;\">Obviously, all homes (and the possessions within) have different total values, and your personal estate will demand coverage needs tailored specifically for you. Your policy will even provide coverage in the event that your home is badly damaged and needs to be rebuilt — up to its original value.</span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">Why Traditional Homeowners Insurance Policies May Not Be Enough</span></h3>\n<h4><span style=\"color: #000000;\">The Number of High-Net-Worth Households in the US</span></h4>\n<figure data-asset-id=\"9f307d6c-6e80-4394-9e93-43f9321c4d82\" data-image-id=\"9f307d6c-6e80-4394-9e93-43f9321c4d82\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/7b17c69b-7503-4aa9-9199-49c515931285/high-net-worth%20households.png\" data-asset-id=\"9f307d6c-6e80-4394-9e93-43f9321c4d82\" data-image-id=\"9f307d6c-6e80-4394-9e93-43f9321c4d82\" alt=\"high net worth household\" /></span></figure>\n<div class=\"small small-text\">\n<p><span style=\"color: #000000;\"> </span></p>\n</div>\n<p><span style=\"color: #000000;\">Beyond just understanding that typical homeowners insurance policies may not be enough to meet your unique needs, it\'s helpful to see the specific breakdown of where they might come up short.</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Traditional homeowners policies typically place caps of $1,000 to $2,000 each on coverage for items such as furs, silver, jewelry, and fine art.</span></li>\n<li><span style=\"color: #000000;\">Purchasing separate riders on these items may only increase your full coverage to $10,000 for each category of personal belongings.</span></li>\n<li><span style=\"color: #000000;\">Homeowners policies typically limit the cap on contents coverage at 50% to 70% of your home’s value — usually not enough for high-wealth individuals and collectors.</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">Basically, a high-value home insurance policy helps to fill in the gaps that would be left by a traditional homeowners insurance policy. When dealing with potentially replacing or repairing luxury estates and valuables, these are gaps you can\'t afford not to fill.</span></p>\n<h3><span style=\"color: #000000;\">How Is High-Value Home Insurance Different?</span></h3>\n<p><span style=\"color: #000000;\">High-value home insurance addresses the issue of coverage needs that extend beyond the coverage caps locked on to numerous categories by traditional homeowners insurance policies. </span></p>\n<p><span style=\"color: #000000;\">With high-value home insurance, the need to purchase separate endorsements or insurance riders in order to cover the additional value is eliminated. </span></p>\n<table>\n<tbody>\n<tr>\n<td><span style=\"color: #000000;\"><strong>Typical limits for high-value items in standard home insurance</strong></span></td>\n<td></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Jewelry</span></td>\n<td><span style=\"color: #000000;\">$1,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Furs</span></td>\n<td><span style=\"color: #000000;\">$1,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Photo &amp; Video Equipment</span></td>\n<td><span style=\"color: #000000;\">$1,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Musical Instruments</span></td>\n<td><span style=\"color: #000000;\">$2,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Silverware</span></td>\n<td><span style=\"color: #000000;\">$2,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Golf Equipment</span></td>\n<td><span style=\"color: #000000;\">$2,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Fine Art</span></td>\n<td><span style=\"color: #000000;\">$2,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Computer/Electronic Equipment</span></td>\n<td><span style=\"color: #000000;\">$1,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Postage</span></td>\n<td><span style=\"color: #000000;\">$1,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Stamps</span></td>\n<td><span style=\"color: #000000;\">$1,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Coins</span></td>\n<td><span style=\"color: #000000;\">$200</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Firearms</span></td>\n<td><span style=\"color: #000000;\">$2,500</span></td>\n</tr>\n<tr>\n<td><span style=\"color: #000000;\">Bikes</span></td>\n<td><span style=\"color: #000000;\">$1,500</span></td>\n</tr>\n</tbody>\n</table>\n<p><span style=\"color: #000000;\">Individuals with an extensive list of luxury items requiring higher coverage amounts can get all their needs met, wrapped up in one neat and tidy policy. To make matters even better, having a single policy without extraneous endorsements or riders will ultimately save you money.</span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">What Constitutes a High-Value Home?</span></h3>\n<figure data-asset-id=\"1d10244b-8e82-4fa1-a2e9-826fe1ce2e26\" data-image-id=\"1d10244b-8e82-4fa1-a2e9-826fe1ce2e26\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/b5277644-bb01-4e19-8922-4d8838fe85cc/alabama-governors-mansion.jpg\" data-asset-id=\"1d10244b-8e82-4fa1-a2e9-826fe1ce2e26\" data-image-id=\"1d10244b-8e82-4fa1-a2e9-826fe1ce2e26\" alt=\"high value home insurance\" /></span></figure>\n<p><span style=\"color: #000000;\">High-value home insurance sounds great, but how do you determine if your home is a candidate for this type of policy? Well, some insurance companies offer high-value policies for homes valued at $300,000 or more, but most won\'t insure homes under $750,000 in value. Some policies even begin at the $1 million mark when it comes to estate values.</span></p>\n<p><span style=\"color: #000000;\">Keep in mind that home values vary throughout the country, and that insurance companies differ in their coverage requirements. You\'ll need to shop around to find the best policy, since not all the available options will apply to your unique needs.</span></p>\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">Why Do Luxury Homes Need Special Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Now that we\'ve covered how high-value home insurance differs from standard homeowners insurance, it\'s important to determine why luxury homes need to be insured in the first place. Here are just a few reasons why luxury estate owners should look into getting coverage:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Luxury home owners may have hired staff (for cleaning, cooking, etc.) in addition to other guests in their home at any given time. With all these extra bodies in and around the estate, homeowners may rightfully be concerned about theft. </span></li>\n<li><span style=\"color: #000000;\">Possessions that are higher-value are also highly attractive to burglars. In addition to loss due to theft, burglars may also cause damage to the home or property upon their intrusion, resulting in more financial loss.</span></li>\n<li><span style=\"color: #000000;\">Luxury items that appreciate in value (i.e., custom stained-glass windows from Italy, a cellar stocked with fine wines from France, Persian rugs, etc.) may not have their full potential worth realized by standard homeowners insurance policies. </span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">Only a high-value home insurance policy can recognize and honor the full value of your luxury estate and possessions. </span></p>\n<p><span style=\"color: #000000;\">In the event of a catastrophe that requires the replacement of your belongings or the rebuilding of your home, you\'ll need an elite home insurance policy from a company that not only understands your unique coverage needs, but also values your items as much as you do.</span></p>\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">Coverage Options for High-Value Home Insurance</span></h3>\n<p><span style=\"color: #000000;\">Because high-value home insurance providers understand that your unique needs extend beyond traditional policies, they offer several options to choose from in order to create complete coverage designed specifically for you.</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Excess liability and umbrella liability coverage</strong>: These policies provide the full coverage necessary in the event that a lawsuit is filed against a high-value homeowner, including financial reimbursement for legal fees, fines, and restitution. </span></li>\n<li><span style=\"color: #000000;\"><strong>Liability insurance for domestic help</strong>: Should one of your domestic help employees suffer an injury on the job, this coverage will take care of the medical expenses as well as lost wages while they are unable to work. This insurance also covers fees in the event that you are sued and deemed responsible for their injuries.</span></li>\n<li><span style=\"color: #000000;\"><strong>Flood insurance</strong>: Homeowners insurance policies typically do not provide flood coverage. Floods can cause damage to your property and possessions, and water damage is one of the most common (and costly) home insurance claims across the board. Since typical flood insurance (provided by the National Flood Insurance Program) does not provide even close to enough coverage for luxury estates, high-value home insurance companies include it as part of their package.</span></li>\n<li><span style=\"color: #000000;\"><strong>Identity theft insurance</strong>: Identity theft crimes are on the rise, and individuals with a high net worth are ideal targets for these criminals. This aspect of your insurance provides coverage for legal fees required to clean up the mess, and will potentially reimburse you for financial losses suffered while victimized.</span></li>\n<li><span style=\"color: #000000;\"><strong>Kidnap and ransom insurance</strong>: Criminals also target high-net-worth individuals for prospective ransom payments. In the event of an incident, this coverage will help with costs required to meet the criminal\'s demands, as well as for hiring the expert assistance necessary to resecure and protect your loved ones.</span></li>\n<li><span style=\"color: #000000;\"><strong>Coverage for vacation homes</strong>: Many insurers also provide coverage for additional structures, including pool houses and vacation homes. Combining this coverage into one policy is a strategy to save money while maintaining the full coverage you need.</span></li>\n<li><span style=\"color: #000000;\"><strong>Medical coverage for pets</strong>: Some high-value home policies even extend to pets. This coverage provides medical insurance policies to cover vet bills and possibly even boarding costs, should your home become temporarily uninhabitable due to a disaster.</span></li>\n</ul>\n<figure data-asset-id=\"b806fd53-bf41-4f6b-b48d-7d91fd0343c4\" data-image-id=\"b806fd53-bf41-4f6b-b48d-7d91fd0343c4\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/29d8322c-ee5b-4a34-b220-305af62aa2ca/coverage-options-for-high-value-home-insurance.png\" data-asset-id=\"b806fd53-bf41-4f6b-b48d-7d91fd0343c4\" data-image-id=\"b806fd53-bf41-4f6b-b48d-7d91fd0343c4\" alt=\"coverage options for a high-value home\" /></span></figure>\n<h3></h3>\n<h3><span style=\"color: #000000;\">How Do Insurance Companies Determine Property Values?</span></h3>\n<h4></h4>\n<h4><span style=\"color: #000000;\">Richest States in America 2019</span></h4>\n<figure data-asset-id=\"64f68503-63b3-4fc0-a6fb-bc439346c9c0\" data-image-id=\"64f68503-63b3-4fc0-a6fb-bc439346c9c0\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/da3f8d89-7579-485e-ae04-e109f2c978c0/richest-states-in-america.png\" data-asset-id=\"64f68503-63b3-4fc0-a6fb-bc439346c9c0\" data-image-id=\"64f68503-63b3-4fc0-a6fb-bc439346c9c0\" alt=\"Wealthiest states is the U.S.\" /></span></figure>\n<div class=\"small small-text\">\n<p><span style=\"font-size: 14px; color: #000000;\"> </span></p>\n</div>\n<p><span style=\"color: #000000;\">Typically, an insurance company will send out an expert appraiser to your estate to examine, assess, and document the value of your home and luxury possessions, including jewelry, artwork, collectibles, antiques, and custom materials/construction. </span></p>\n<p><span style=\"color: #000000;\">Should you disagree with the final report given by the appraisal, you may request a second appraisal, or appeal it by conducting your own expert assessment.</span></p>\n<p><span style=\"color: #000000;\">Your coverage needs may change over the years as you redecorate, renovate, or otherwise revamp your home. Your insurance company may require periodic assessments in order to accurately keep your coverage up to date. </span></p>\n<p><span style=\"color: #000000;\">An assessment of your estate, as well as a review of your insurance policy, is encouraged at least once every five years.</span></p>\n<p><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/high-value/\">click here</a><span style=\"color: #000000;\">.</span></span></p>\n</div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Invest Wisely in High-Value Home Insurance','','inherit','closed','closed','','1052-revision-v1','','','2020-12-10 19:45:02','2020-12-10 19:45:02','',1052,'http://smartinsurance.tips/1052-revision-v1/',0,'revision','',0),(1147,1,'2020-12-09 18:55:25','2020-12-09 18:55:25','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 style=\"text-align: center;\"><strong>Which Debt Is ‘Good Debt’ and Which Is ‘Bad Debt’?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/Untitled_Clipping_121020_025041_AM.jpg\" width=\"845\" height=\"475\" alt=\"\" class=\"wp-image-1142 aligncenter size-full\" /></span></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Let’s talk about debt baby.  Let’s talk about you and me.  Let’s talk about all the good things and the bad things that may be.  Let’s talk about debt.  </span></p>\n<p><span style=\"color: #000000;\">Do I have you humming the tune to a popular Salt-N-Pepa song circa 1990?  </span></p>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">I have to bring some joy during the pandemic!  OK. We talked about the importance of budgeting and cash flow analysis. Now, let’s focus on a related topic: debt. </span></p>\n<p><span style=\"color: #000000;\"><strong>True or false? Some debt can be good.</strong> Answer: True. But there’s a catch.  You should be responsible with debt and use it to acquire an appreciating asset; in other words, an asset that will increase in value over time.  This takes discipline and focus. </span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Good Debt: Mortgages and Student Loans</span></h2>\n<p><span style=\"color: #000000;\">Most people can’t afford to purchase a home outright, or entirely with cash.  They rely on a mortgage to finance the home purchase.  If you are a first-time homebuyer, I’d strongly urge you to save at least 20% of the home’s purchase price for a down payment.  Otherwise, you may have to take out a secondary loan at a higher interest rate or pay private mortgage insurance, also known as PMI.  What if the value of the value of your home declines after the initial purchase, as happened to me in 2005 near the peak of the real estate market?  I wasn’t a financial adviser then and had only saved 10% for the down payment.  My first home was a big financial mistake — at least a $15,000 loss on a $150,000 starter home when you factor in closing costs, realtor commissions and renovations.  Yet, I learned valuable lessons.</span></p>\n</div>\n<div class=\"polaris__simple-grid--aside\">\n<div class=\"polaris__ad -sidebar-ad -empty-ad-slot\">\n<div class=\"polaris__ad--inner\">\n<div id=\"refresh-desktop-side-9\"></div>\n</div>\n</div>\n</div>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">Mortgage debt can be good. In fact, my husband and I recently had the option of taking our Missouri home sale proceeds and providing even more than a 20% down payment on our new home in Florida. However, with the mortgage rates so compelling, we kept the extra cash and invested it in other long-term goals. You can exercise the same judgment when purchasing a new home.</span></p>\n<p><span style=\"color: #000000;\">The other “good debt” could be student loans.  In many cases, bachelor’s degrees are required to get into any white-collar position.  Some professions demand additional schooling.  A newly minted doctor or lawyer could easily have over $200,000 in student loan debt.</span></p>\n<p><span style=\"color: #000000;\">Is your child entering college soon?  If so, have a candid conversation with him or her about constructing a plan to pay off the debt. Think about the chosen career field, average annual earnings, and time it takes to secure a position. Make sure that the student loans you’re taking out make sense in that context, or else that good debt could turn into bad debt pretty fast.</span></p>\n<p><span style=\"color: #000000;\">Is your child entering a field where supply outweighs demand?  Some advanced degrees no longer carry as much weight.  I know a handful of law school graduates who could not find reasonable employment within a year of graduation, let alone a six-figure salary with a top-tier firm. </span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Not-So-Good Debt: Credit Cards and Autos</span></h2>\n<p><span style=\"color: #000000;\">Debt isn’t always good.  It can be crippling to people who don’t responsibly manage their finances.  Credit card companies prey on individuals who make the minimum payment.  This may sound harsh, but <strong><em>only buy on credit if you can pay off the balance in full each month</em></strong>.</span></p>\n<p><span style=\"color: #000000;\">Credit cards aren’t the only type of debt.  Payday loans are even worse.  They provide quick cash but charge an exorbitant interest rate.  Tax debt is also dangerous.  As the Federal Trade Commission points out, tax relief companies collect thousands of dollars up-front and promise to settle your tax debt, but few actually deliver on that promise.</span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">On a related note, have you seen the prices of cars and trucks these days? The average sales price for light vehicles in July was $38,378, according to Kelley Blue Book. If you are overly concerned with what friends and neighbors are driving, you may be tempted to buy a new car every few years. <strong><em>This is a dangerous proposition. </em></strong>The desire to “keep up with the Joneses” really impacts your ability to build long-term wealth.  When does it stop?  After you have a luxury car?  Two of them?</span></p>\n<p><span style=\"color: #000000;\">A car depreciates quickly.  If you purchase it for $40,000, it may only be worth $30,000 a year later.  Not only are you making monthly payments, but you’re also going to get far less money when you sell it.  Additionally, there is no tax deduction for personal vehicle financing (business purchases are a different story). </span></p>\n<p><span style=\"color: #000000;\">The solution?  Hold on to a new car at least seven years.  Save up for the next car when you don’t have any more payments on your current vehicle. Or, get ahead of it and buy a used car with more mileage. You may not be able to keep it as long, but you most likely can negotiate a lower price.</span></p>\n</div>\n<div class=\"polaris__simple-grid--aside\">\n<div class=\"polaris__ad -sidebar-ad -empty-ad-slot\">\n<div class=\"polaris__ad--inner\">\n<div id=\"refresh-desktop-side-29\"></div>\n</div>\n</div>\n</div>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">When you feel burdened by debt, there are steps you can take to clear negative items from your credit report. Kiplinger.com provides an excellent, in-depth guide on the factors that influence your credit score and steps you can take to boost it. </span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Pay Down Debt or Save?</span></h2>\n<p><span style=\"color: #000000;\">All right.  You see how <em>some</em> debt is healthy.  How do you know when to pay down debt rather than use that money to save more for retirement? Here are a few considerations:</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">1. Build an Emergency Fund </span></h2>\n<p><span style=\"color: #000000;\">Set aside enough cash in a money market account for true emergencies.  If “emergency” evokes too many negative emotions, reframe it as an opportunity fund instead.  This may be an opportunity to start a side business, travel more or accomplish another goal. </span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">2. Get the Employer Match </span></h2>\n<p><span style=\"color: #000000;\">Ensure you’re contributing enough to your employer’s retirement plan to take full advantage of the match.  It’s a no-brainer. Unfortunately, several employers have reduced or taken away the company match in 2020 because of the pandemic. If your family is still in a strong enough financial position to contribute to your 401(k) plan at work, consider maintaining your normal retirement contribution. This means you do not have to remember to reinstate it when your employer resumes the 401(k) match.</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">3. Weigh the Investment Rate of Return vs. Debt Interest Rate </span></h2>\n<p><span style=\"color: #000000;\">This assumes you’ve already built an emergency fund and are taking advantage of your employer’s match.  Let’s say you have a credit card balance of $10,000 on which you pay nondeductible interest of 15%.  By getting rid of those interest payments, you’re effectively getting a 15% return on your money!  Which sounds better … paying off this credit card or earning 7% in an investment account?  In this case, eliminating high-interest debt should be a bigger priority.</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">4. Consider a Hybrid Approach</span></h2>\n<p><span style=\"color: #000000;\">If you’re an intensely focused person who values logic over emotion, making the best financial decision gives you satisfaction.  Emotion may not come into the equation.  You focus all energy on paying down “bad” debt. </span></p>\n</div>\n<div class=\"polaris__simple-grid--aside\">\n<div class=\"polaris__ad -sidebar-ad -empty-ad-slot\">\n<div class=\"polaris__ad--inner\">\n<div id=\"refresh-desktop-side-43\"></div>\n</div>\n</div>\n</div>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">For others, financial and emotional decisions function differently. What makes the most financial sense may not “feel” good. You have many intentions — paying down student loan debt, saving for retirement, and funding your child’s education. Putting all financial resources toward a single goal may not make sense to you, emotionally.  Instead, allocate a small amount of money toward each goal.</span></p>\n<p><span style=\"color: #000000;\">Some clients who have mastered their day-to-day finances ask me, <strong><em>“Should I prepay my mortgage?”</em></strong>  It’s a good question, and I don’t always have a definitive answer.  First, we focus on financial specifics like the mortgage interest rate, loan term and income tax bracket.  I also consider the client’s timeline for investing and risk tolerance.  Thus, it’s easy to tell them which decision is better financially. </span></p>\n<p><span style=\"color: #000000;\">Yet, we can’t ignore the emotional aspect.  <strong>Why</strong> does the client want to prepay the mortgage?  Is it to fulfill a lifelong dream to be debt-free by age 50?  Travel the world five years from now?  What is the underlying ambition? </span></p>\n<p><span style=\"color: #000000;\"><strong>The bottom line is this: Debt, when used properly, can be a great tool to achieve your financial goals.</strong></span></p>\n<p><span style=\"color: #000000;\"><strong></strong></span></p>\n</div>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.kiplinger.com/personal-finance/credit-debt/debt/debt-management/601811/which-debt-is-good-debt-and-which-is-bad\">click here</a><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\"></a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Which Debt Is ‘Good Debt’ and Which Is ‘Bad Debt’?','','inherit','closed','closed','','1139-revision-v1','','','2020-12-09 18:55:25','2020-12-09 18:55:25','',1139,'http://smartinsurance.tips/1139-revision-v1/',0,'revision','',0);
INSERT INTO `smart_posts` VALUES (1150,1,'2020-12-10 19:46:36','2020-12-10 19:46:36','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>How to Insure Your Townhouse Like a Pro</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/f016fe92-d663-4591-8f83-00e849fd726d/how-to-insure-a-townhouse-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Townhouse insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<p><span style=\"color: #000000;\">So you\'ve bought yourself a nice little townhome so you can enjoy all the perks of home ownership without any of the lawn mowing? Good call. But townhomes need protection, too, and just as much as single-family homes. The difference, though, is that some things are covered under your association, and some are not. </span></p>\n<p><span style=\"color: #000000;\">But first, it\'s time to take a closer look at townhome insurance, from the coverages to the requirements and beyond.</span></p>\n<h3><span style=\"color: #000000;\">What Is Townhouse Insurance?</span></h3>\n<p><span style=\"color: #000000;\">In short, townhouse insurance covers your indoor space and any outdoor property you possess. If a disaster strikes, or your belongings are stolen, you’ll be covered. But there\'s also a liability side to your coverage, too. </span></p>\n<p><span style=\"color: #000000;\">And if someone is injured on your property and files a liability claim against you, townhouse insurance can help minimize your risk.</span></p>\n<h3><span style=\"color: #000000;\">Who Needs Townhouse Insurance?</span></h3>\n<p><span style=\"color: #000000;\">You may be asking yourself, “Why do I need homeowners insurance on my townhouse?”<em> </em>Well, because you want to protect it, right? And all of the memories and other stuff in it, too.</span></p>\n<p><span style=\"color: #000000;\"> If you’re reading this article, chances are you’re already a great candidate for a comprehensive townhouse insurance policy. In just about all cases, townhouse insurance is highly recommended. </span></p>\n<p><span style=\"color: #000000;\">First, it should be mentioned that it isn’t against the law to not have home insurance on your townhouse. However, there’s a strong possibility that you will need to purchase insurance in order to own one in the first place, for a number of reasons, like:</span></p>\n<h4><span style=\"color: #000000;\">Lender Requirements</span></h4>\n<p><span style=\"color: #000000;\">Did you purchase your townhouse using a mortgage? If so, your lender typically requires you to have homeowners insurance. Which makes sense, considering that the bank wants to protect their investment as well as your own.</span></p>\n<h4><span style=\"color: #000000;\">Townhouse Owner Requirements</span></h4>\n<p><span style=\"color: #000000;\">If you own your home outright, and the townhouse isn’t part of a homeowner/condo association (see below), insurance is typically optional — but it\'s strongly recommended. </span></p>\n<p><span style=\"color: #000000;\">Because basically, townhouse insurance functions as a standard homeowners insurance policy, providing coverage for your personal property, the interior and exterior structure of the townhouse, the land your property is on, and liability coverage should a claim be filed against you. </span></p>\n<h4><span style=\"color: #000000;\">Rental Requirements</span></h4>\n<p><span style=\"color: #000000;\">If you rent a townhouse, you should get renters insurance. Because you don’t own the property, a renters insurance policy covers your personal property (like furniture, big-screen TVs, fancy clothes) and provides liability coverage in case a claim is ever filed against you as a renter. It’s for these reasons that renters insurance is often referred to as “walls-in coverage.”</span></p>\n<p><span style=\"color: #000000;\">Landlords are the owners of the property, so a renters insurance policy complements your landlord\'s insurance policy. Landlord insurance covers the interior and exterior structural elements of the townhouse. </span></p>\n<p><span style=\"color: #000000;\">Considering that most renters insurance policies only cost a few dollars a month while providing thousands in coverage in the event of a claim, having renters insurance is a no-brainer. </span></p>\n<h4><span style=\"color: #000000;\">HOA/Condo Association Requirements</span></h4>\n<p><span style=\"color: #000000;\">If your townhouse is in a homeowners association (HOA), condo association, or planned community, then it\'s usually standard procedure to purchase insurance that meets the terms of your HOA/condo agreement (often referred to as “HO6 coverage”). </span></p>\n<p><span style=\"color: #000000;\">This townhouse association insurance coverage protects your personal property, the interior of your townhouse, and any part of your home that isn’t covered by your association\'s group policy.</span></p>\n<p><span style=\"color: #000000;\"><strong>The group’s policy typically covers any parts of the property that are owned collectively by all of the residents, including:</strong></span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Shared hallways</span></li>\n<li><span style=\"color: #000000;\">Roads</span></li>\n<li><span style=\"color: #000000;\">Pathways</span></li>\n<li><span style=\"color: #000000;\">Amenities, such as: </span>\n<ul>\n<li><span style=\"color: #000000;\">Elevators</span></li>\n<li><span style=\"color: #000000;\">Activity spaces</span></li>\n<li><span style=\"color: #000000;\">Exercise rooms</span></li>\n<li><span style=\"color: #000000;\">Hot tubs</span></li>\n<li><span style=\"color: #000000;\">Saunas</span></li>\n<li><span style=\"color: #000000;\">Swimming pools </span></li>\n</ul>\n</li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">Also, be sure you know exactly what type of coverage you’re required to have for your townhouse beforehand (including minimum policy limits). This goes a long way toward ensuring that you’re not caught off guard by an unexpected expense or an unplanned disaster. </span></p>\n<p><span style=\"color: #000000;\">As an example, your townhouse’s roof may be considered a \"shared\" resource, and thus covered by your HO6 policy. If damage occurs to the condo\'s common property that exceeds the HO6/condo association\'s shared coverage limits, the extra expense is split evenly among all residents (known as an “assessment”). </span></p>\n<p><span style=\"color: #000000;\">To cover this cost, loss assessment coverage is available to pay for your portion of those extra costs. If that part of your property isn’t shared, then it\'s up to you to properly insure it. </span></p>\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">What’s Covered with Townhouse Insurance?</span></h3>\n<p><span style=\"color: #000000;\">As mentioned before, typical townhouse insurance policies mirror the same coverages you would typically find with a homeowners insurance policy (e.g., damage from storms). But you may need to add a few additional coverages, depending on where you live and what else you\'ve got going on, like:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\"><strong>Flood insurance</strong><strong>:</strong> If you live in a flood-prone area, you should boost your policy to avoid mold and structural damage caused by overflowing water.</span></li>\n<li><span style=\"color: #000000;\"><strong>Earthquake insurance</strong><strong>: </strong>Similarly, if your townhouse is in an area that regularly experiences the shakes, an earthquake insurance policy can help cover repairs to your home’s structure, protection for injured occupants, and your belongings.  </span></li>\n<li><span style=\"color: #000000;\"><strong>Umbrella insurance</strong><strong>:</strong> If you feel your standard townhouse insurance policy isn’t comprehensive enough, consider an umbrella insurance policy, which boosts your coverage beyond your initial policy’s limits. If you regularly host a book club for seniors at your home, you may want to invest in umbrella coverage for any claims that may be filed against you. </span></li>\n</ul>\n</div>\n</div>\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">How Much Does Townhouse Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">Considering that a typical homeowners insurance policy in the United States costs just over $1,000/year, you should be happy to hear that the average cost of homeowners insurance for townhouse policies is typically much less than homeowners insurance. </span></p>\n<p><span style=\"color: #000000;\">When compared to a stand-alone house in the same area, townhouse insurance is cheaper, since they tend to be smaller and cover less of the structure.</span></p>\n<h4><span style=\"color: #000000;\">Like any other insurance policy, there\'s a number of factors that influence the cost of townhouse insurance, including:</span></h4>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Where the townhouse is located</span></li>\n<li><span style=\"color: #000000;\">How much the townhouse is worth</span></li>\n<li><span style=\"color: #000000;\">Crime rates</span></li>\n<li><span style=\"color: #000000;\">Which elements of your townhome\'s structure you are responsible for</span></li>\n<li><span style=\"color: #000000;\">How much liability coverage you need (such as more coverage for a heavily trafficked home)</span></li>\n<li><span style=\"color: #000000;\">The value of your personal property and owned assets</span></li>\n<li><span style=\"color: #000000;\">Number of occupants in the home, as well as their age</span></li>\n<li><span style=\"color: #000000;\">And other factors</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">What\'s the Difference Between Condo and Townhouse Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Townhouse and condominium are commonly used to describe types of homes that are similar in design, but there are clear differences. First, a townhouse is a type of building; a condo is a structure of ownership. This means that your home could be considered simply a townhouse, a condo, or both.</span></p>\n<p><span style=\"color: #000000;\">Generally speaking, a townhouse is a single-family dwelling that shares walls with up to two of its neighbors. A townhouse might have anywhere from one to five floors (two to four are the most common designs) with a doorway/entrance facing the street. And it may even have a small front or back yard. </span></p>\n<p><span style=\"color: #000000;\">Condominiums, on the other hand, are usually in a shared building complex that contains multiple units. The units are owned by different people in several apartments in a single building, or may be part of several independent buildings. </span></p>\n<p><span style=\"color: #000000;\">Further, condominiums have shared common areas and amenities of the property that are paid for, maintained, and insured by all who live in the condominium complex.</span></p>\n<p><span style=\"color: #000000;\">The real difference between condo and townhouse insurance lies with cost, since townhouse insurance is more comprehensive than insuring a condominium. But this means you\'ll see a slightly higher cost for condo insurance, because there are more risks with a greater number of residents living communally. </span></p>\n<p><span style=\"color: #000000;\">Furthermore, condo insurance usually excludes reimbursement for lightning damage, hail damage, and, in many cases, theft. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/townhouse-insurance/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How to Insure Your Townhouse Like a Pro','','inherit','closed','closed','','1025-revision-v1','','','2020-12-10 19:46:36','2020-12-10 19:46:36','',1025,'http://smartinsurance.tips/1025-revision-v1/',0,'revision','',0),(1152,1,'2020-12-10 19:50:25','2020-12-10 19:50:25','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Your Guide to Insuring a Cabin</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/3b9f58e8-3000-432d-98ad-1531fccfdfd8/cabin-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"How to insure a cabin\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Got a cabin? If you’re lucky enough to own a vacation property, seasonal home by the lake, or the annual destination for hunting season, you know how great it is to get away from it all. Better yet, it is a sound investment that can help you kick back in your retirement.</span></p>\n<p><span style=\"color: #000000;\">However, you can’t leave all your worries behind when it comes to protecting your cabin. What could ruin your cabin’s future?</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Damage from fire </span></li>\n<li><span style=\"color: #000000;\">Natural disasters</span></li>\n<li><span style=\"color: #000000;\">Injuries on your property </span></li>\n<li><span style=\"color: #000000;\">Crime</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">The solution? Protecting your investment with seasonal home insurance.</span></p>\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">Let’s take a look at everything you need to know about cabin insurance, including: </span></h3>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">What is cabin insurance?</span></li>\n<li><span style=\"color: #000000;\">Why do you need cabin insurance?</span></li>\n<li><span style=\"color: #000000;\">Who needs cabin insurance? </span></li>\n<li><span style=\"color: #000000;\">What is the cost of cabin insurance?</span></li>\n<li><span style=\"color: #000000;\">Common questions about cabin insurance</span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">What is Cabin Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Cabin insurance, typically known as seasonal home insurance, protects your vacation home and your possessions in it against a wide variety of dangers:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Fire damage</span></li>\n<li><span style=\"color: #000000;\">Storm damage (i.e., hail, wind, snow, rain, lightning, etc.)</span></li>\n<li><span style=\"color: #000000;\">Theft/burglary</span></li>\n<li><span style=\"color: #000000;\">Vandalism</span></li>\n<li><span style=\"color: #000000;\">Arson</span></li>\n<li><span style=\"color: #000000;\">Liability coverage for injuries to other parties on your property</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">One particular distinction to make about cabin insurance is that it is separate from your primary homeowners insurance policy. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Why Do You Need Cabin Insurance?</span></h3>\n<p><span style=\"color: #000000;\">If you’re reading this article, chances are you that you’re in need of a cabin insurance policy. No two cabins or seasonal homes are alike, which presents unique challenges. </span></p>\n<p><span style=\"color: #000000;\">Some cabins can be a simple no-frills structure designed for rustic living in isolated areas, while others can be sprawling, multi-level buildings that are more extravagant than many primary residences. </span></p>\n<p><span style=\"color: #000000;\">Adding to this, most people don’t live permanently in their vacation homes. Therefore, having cabin insurance protects it as a second residence, future investment, and as a source of revenue from renters.</span></p>\n<p><span style=\"color: #000000;\">For those who own a cabin, a lake home, or other seasonal residence, you will need to speak with an experienced insurance agent who can assess how much coverage you need. </span></p>\n<p><span style=\"color: #000000;\">There are many variables to consider — even if the small cabin is located on bare hunting land — so an expert insurance agent can ask you the right questions to determine which risk factors need to be addressed and protected. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Who Needs Cabin Insurance?</span></h3>\n<p><span style=\"color: #000000;\">The short answer to Who needs cabin insurance? is anyone who has one. If you’re still on the fence (pun intended), let’s look at a number of aspects related to how much insurance coverage you should consider for your cabin:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Got deer? What about bear and moose? Hunting cabin insurance can be useful for damage from wild animals or unfortunate accidents with firearms. During hunting season, cabin insurance can help you concentrate on bagging that buck!</span></li>\n<li><span style=\"color: #000000;\">If you only visit the cabin on a seasonal basis each year, you may need seasonal cabin insurance to keep it safe from harm during the times it is vacant.</span></li>\n<li><span style=\"color: #000000;\">Cabins that are located in areas that could potentially experience a devastating wildfire, or severe weather like flooding and winter storms definitely need a form of insurance to protect your investment and recoup value lost.</span></li>\n<li><span style=\"color: #000000;\">Some cabins are governed by HOAs, which may require your secondary residence to be adequately insured to protect the value of related properties. </span></li>\n<li><span style=\"color: #000000;\">For entrepreneurial-minded cabin owners, renting out the cabin on Airbnb or through private clients is risky without cabin rental insurance.</span></li>\n<li><span style=\"color: #000000;\">Family cabins passed through the generations are perfect candidates for coverage such as log cabin home insurance. If you keep a large amount of valuables and possessions at your family cabin, insurance is a must to replace these items if they’re stolen or damaged.</span></li>\n<li><span style=\"color: #000000;\">Love adventure? If your cabin has ATVs, boats, or other recreational vehicles, then you may want to consider such coverage as cabin cruiser boat insurance.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Do any of these situations apply to you? Chances are that they do. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What is the Cost of Cabin Insurance?</span></h3>\n<figure data-asset-id=\"107c8fa0-7fe2-420f-9730-c5b974eaaf17\" data-image-id=\"107c8fa0-7fe2-420f-9730-c5b974eaaf17\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/a0f1b100-f88a-485f-bda3-68a4e878bf2a/cabin-insurance.jpg\" data-asset-id=\"107c8fa0-7fe2-420f-9730-c5b974eaaf17\" data-image-id=\"107c8fa0-7fe2-420f-9730-c5b974eaaf17\" alt=\"What is the cost of cabin insurance\" /></span></figure>\n<p><span style=\"color: #000000;\">As you can imagine, the cost of cabin insurance is highly variable. In most cases, seasonal home insurance might cost more than insurance for your primary residence. </span></p>\n<p><span style=\"color: #000000;\">This is due to how often the property is left vacant or its location. Let’s look at some factors that directly affect cost:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Remote areas, for example, may be targeted by criminals or experience natural disasters that you won’t discover until you visit the property in the future. Highly trafficked areas also create possibilities for criminals to steal your belongings or vandalize your home. </span></li>\n<li><span style=\"color: #000000;\">Liability is a huge issue when it comes to determining how much you will pay for cabin insurance. Liability coverage can help with medical bills and time off work if you are held legally responsible for an injury on the cabin’s property. If you have a large number of visitors to the cabin, especially renters, you will need to insure your home as well as purchase additional coverage. An injury from a malfunctioning fireplace, for instance, can cause a deep financial burden on your property and other assets. You may need to have landlord insurance for renters as well as separate liability coverage for those who might wander on your property. </span></li>\n<li><span style=\"color: #000000;\">Similarly, having boats, ATVs and other types of recreational equipment can make lakeside cabin owners especially susceptible to liability for injuries that occur on the property. Most seasonal homeowners policies will cover the physical dwelling and other structures of the property such as boat houses, docks, sheds, and so forth. </span></li>\n<li><span style=\"color: #000000;\">Considering the high potential for injuries when recreational equipment is involved, the liability coverage limit on your primary homeowners policy may not be sufficient. Recreational equipment is rarely covered automatically under your cabin’s insurance policy. Instead, these items are insured separately either as a rider on your cabin’s policy or on a specialty policy. Therefore, you may want to purchase umbrella insurance to step up your liability coverage. As you may know, umbrella insurance policies kick in when the limit of your homeowners liability coverage has been reached.</span></li>\n<li><span style=\"color: #000000;\">Do you have a homeowners policy on your primary residence? If so, determining how much coverage you have for your cabin can get confusing based on whether you have a homeowners policy for your primary residence. In most cases, your primary residence extends some liability coverage to your cabin. But for those who may not have insured their primary residence, the cost of insuring a secondary residence can be expensive — or it may not even be offered by some companies. </span></li>\n</ul>\n<p><span style=\"color: #000000; font-size: 22px;\"></span></p>\n<p><span style=\"color: #000000; font-size: 22px;\">Common Questions about Cabin Insurance</span></p>\n<p><span style=\"color: #000000;\">As you can guess, cabin insurance encompasses a wide array of situations. </span></p>\n<h4><span style=\"color: #000000;\"><em>Question #1 - Do I need to insure the cabin with my primary homeowners policy?</em></span></h4>\n<p><span style=\"color: #000000;\">The truth is that some companies won’t write a cabin insurance policy if they don\'t insure your primary home first. The reason is that those insurers don’t want the increased risk of a home that is empty more than it is occupied. Consequently, insuring both properties (your home plus the cabin) with the same company is more convenient. </span></p>\n<p><span style=\"color: #000000;\">Simply add the second location onto your current homeowners insurance policy, which eliminates the need for a second policy as well as second bill to deal with.</span></p>\n<p><span style=\"color: #000000;\">However, there are a number of companies that specialize in writing a policy for your cabin on a separate policy without insuring your primary residence. Many are able to write with many of the same coverages as a homeowner’s policy while also offering built-in coverage for your recreational vehicles. </span></p>\n<p><span style=\"color: #000000;\">Similar to a regular homeowner’s policy, these policies can insure the contents of your cabin as a percentage of the dwelling amount for both theft and liability</span></p>\n<h4><span style=\"color: #000000;\"><em>Question #2 - If I have no buildings, do I still need to insure the vacant land?</em></span></h4>\n<p><span style=\"color: #000000;\">In most cases, pure vacant land is covered for liability by your primary homeowners policy. Coverage would apply if a person were injured on your land. But you should be careful of the phrase “vacant land” in your policy. Any development on the property may cause the land to not be considered “vacant” any longer. </span></p>\n<p><span style=\"color: #000000;\">This includes minimalist structures that may negate coverage, such as an outhouse, fencing, or a framed deer stand. </span></p>\n<h4><span style=\"color: #000000;\"><em>Question #3 - How are the contents in my cabin covered?</em></span></h4>\n<p><span style=\"color: #000000;\">Your possessions in your cabin depend on the size and usage. Policies run the gamut from no contents coverage at all, limited coverage on select items, or protection for items that are shared with your primary residence. </span></p>\n<p><span style=\"color: #000000;\">Other policies will cover a percentage of the dwelling amount, just like your primary home. It’s common practice for your primary home policy to automatically extend 10% of your primary home contents coverage to another location like your cabin.</span></p>\n<p><span style=\"color: #000000; font-size: 14px;\">Being proactive is the best way to protect those things that are special to you before there is a loss.</span></p>\n<p><span style=\"color: #000000;\">Once you’re set up, you can finally rest easy and enjoy the good life that comes with owning a cabin. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/how-to-insure-cabin/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Your Guide to Insuring a Cabin','','inherit','closed','closed','','1019-revision-v1','','','2020-12-10 19:50:25','2020-12-10 19:50:25','',1019,'http://smartinsurance.tips/1019-revision-v1/',0,'revision','',0),(1156,1,'2020-12-18 18:39:20','2020-12-18 18:39:20','<!-- wp:divi/placeholder /-->','Storage Unit Insurance','','inherit','closed','closed','','1155-revision-v1','','','2020-12-18 18:39:20','2020-12-18 18:39:20','',1155,'http://smartinsurance.tips/1155-revision-v1/',0,'revision','',0),(1159,1,'2020-12-18 19:01:24','2020-12-18 19:01:24','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h2 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>How to Insure Your Musical Instruments</strong></span></h2>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/3a06a0ab-ec19-493d-a25c-01891035a2d8/musical-instrument-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Musical Instrument Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">If you’d rather be strumming away at your guitar or playing a tune on your piano than thinking about your insurance needs, you’re not alone. </span></p>\n<p><span style=\"color: #000000;\">But protecting your investment in a musical instrument is probably something you think about regularly, especially if you travel with it. Musical instrument insurance can provide peace of mind.</span></p>\n<h3><span style=\"color: #000000;\">Do I Need Musical Instrument Insurance?</span></h3>\n<p><span style=\"color: #000000;\">If you’re not certain you really need to insure that musical instrument that cost you thousands of dollars — whether it\'s cello or a baby grand piano — consider just a few of the ways people experience loss or damage to their instruments each year:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Overexposure to humidity</span></li>\n<li><span style=\"color: #000000;\">Water damage during storage or from burst pipes and flooding</span></li>\n<li><span style=\"color: #000000;\">Being dropped, for example, by a baggage handler at the airport</span></li>\n<li><span style=\"color: #000000;\">Damaged or lost during transportation</span></li>\n<li><span style=\"color: #000000;\">Lost or stolen while you’re traveling or on vacation</span></li>\n<li><span style=\"color: #000000;\">Destroyed in a house fire or other disaster</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">Who Needs Instrument Insurance?</span></h3>\n<p><span style=\"color: #000000;\">If you own an expensive musical instrument, you are likely to need instrument insurance. If you have a child who is in a band or is taking private music lessons, insurance can protect your investment in the instrument while your young student is toting it around. </span></p>\n<p><span style=\"color: #000000;\">If your child accidentally leaves the instrument on the bus never to be seen again, the proper insurance could replace it.</span></p>\n<p><span style=\"color: #000000;\">If you are in a band, orchestra, or local symphony, it is definitely a good idea to get your instrument protected against loss, damage, or theft. If you transport your instrument to symphony halls, wedding receptions, or bars and musical venues, it is important to evaluate the risks you’ll face in transit.</span></p>\n<p><span style=\"color: #000000;\">The amount of coverage you need is based on your instrument’s appraised value. An appraiser will take into account factors such as age, condition, and quality. If you have the appropriate coverage and something happens to the instrument, you won’t have to pay out of pocket to replace the instrument at full value.</span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Cover Musical Instruments?</span></h3>\n<p><span style=\"color: #000000;\">A homeowners insurance policy typically provides some coverage for your non-professional musical instruments, although to ensure full coverage you may need a separate rider. </span></p>\n<p><span style=\"color: #000000;\">If your instrument is damaged by water from a burst pipe or leaky roof, your homeowners coverage is likely to kick in, subject to any policy limits for personal belongings.</span></p>\n<p><span style=\"color: #000000;\"><strong>As you evaluate your musical instrument insurance needs, also consider the following:</strong></span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">A homeowners policy often carries high deductibles, while certain instrument insurance policies offer no-deductible options.</span></li>\n<li><span style=\"color: #000000;\">A homeowners policy won’t usually provide full coverage for professional instruments you use for paid performances.</span></li>\n<li><span style=\"color: #000000;\">A homeowners policy probably won’t cover your instrument if it was damaged by a flood or an earthquake.</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">Because of the possible restrictions and limitations placed on musical instruments in a homeowners policy, you may want to consider a separate endorsement or instrument insurance policy that better meets your needs.</span></p>\n<h3><span style=\"color: #000000;\">What Are the Costs for Piano, Violin, or Viola Insurance?</span></h3>\n<p><span style=\"color: #000000;\">A few of the most expensive musical instruments include pianos, violas, and violins. Due to their value, they’re often insured under policies separate from a homeowners policy. Let’s take a look at the price of coverage for these frequently insured items.</span></p>\n<p><span style=\"color: #000000;\">Pianos range in value, but it’s not uncommon for a Bosendorfer to cost over $50,000. Violas and violins, depending on their quality, can also cost thousands of dollars. Piano insurance, viola insurance, and violin insurance are all based on the instrument’s current list price.</span></p>\n<p><span style=\"color: #000000;\">Determining your instrument’s value is necessary for selecting the amount of coverage you need.</span></p>\n<p><span style=\"color: #000000;\">Insurance premiums for these types of instruments can cost as little as $250 per year. If you elect to add additional limits to your homeowners policy, you’ll need to make sure the coverage is adequate based on your instrument’s replacement value.</span></p>\n<h3><span style=\"color: #000000;\">More What-If Scenarios for Musical Instrument Coverage</span></h3>\n<p><span style=\"color: #000000;\">To fully assess your level of risk and insurance needs, consider your use of the instrument, including any times when it may be out of your sight or may be at risk of damage. Assemble your questions and concerns for a discussion with your insurance agent.</span></p>\n<p><span style=\"color: #000000;\"><strong>You may want to ask your agent the following questions:</strong></span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Will your instrument be covered if it is damaged while on loan to a friend?</span></li>\n<li><span style=\"color: #000000;\">Will it be covered if you rent it out?</span></li>\n<li><span style=\"color: #000000;\">What if you accidentally leave it in a taxi?</span></li>\n<li><span style=\"color: #000000;\">Will it be covered if you transport it out of the state? Out of the country?</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">In most instances, coverage for these types of mishaps depends on the specific language of your homeowners or individual instrument insurance policy.</span></p>\n<h3><span style=\"color: #000000;\">Purchasing the Best Instrument Insurance</span></h3>\n<p><span style=\"color: #000000;\">If you realize the importance of instrument insurance, but aren’t sure exactly how to proceed, you’re not alone. The world of insurance can be challenging to navigate. There are numerous companies that offer quotes on homeowners policies and individual musical instrument insurance.</span></p>\n<p><span style=\"color: #000000;\">As you\'re researching insurance options, make sure you\'re looking at the reputation of the insurer. If the company is highly rated (you can do some online searches on sites like A.M. Best for industry ratings), and the quote you see is within your price range, this might be a good option. </span></p>\n<p><span style=\"color: #000000;\">Just don\'t stop at the first quote you see. It\'s highly recommended that you get at least three quotes before you buy. That way, you\'ll have a range of options at your fingertips, and can rest assured that your choice is the right one for your needs and budget.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/musical-instruments/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How to Insure Your Musical Instruments','','publish','closed','closed','','how-to-insure-your-musical-instruments','','','2020-12-18 19:17:11','2020-12-18 19:17:11','',0,'http://smartinsurance.tips/?page_id=1159',0,'page','',0),(1160,1,'2020-12-18 19:01:24','2020-12-18 19:01:24','<!-- wp:divi/placeholder /-->','How to Insure Your Musical Instruments','','inherit','closed','closed','','1159-revision-v1','','','2020-12-18 19:01:24','2020-12-18 19:01:24','',1159,'http://smartinsurance.tips/1159-revision-v1/',0,'revision','',0),(1165,1,'2020-12-18 19:17:28','2020-12-18 19:17:28','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Does Homeowners Insurance Cover My Phone?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/6a1a50f0-dd72-4c54-a8a7-690193692b06/q&amp;a-misc2-facebook.jpg\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">Is my phone covered under a standard homeowners insurance policy?</span></h3>\n<p><span style=\"color: #000000;\">As a new homeowner, I’m curious about what all is covered under my insurance. I have a cellphone that was pretty expensive, and I worry about something happening to it and needing to replace it or it being stolen. Is my phone covered under standard homeowners insurance policies?</span></p>\n<p><span style=\"color: #000000;\">Yes. Just like any other type of personal property, homeowners insurance provides coverage for cellphones for the same scenarios it would for everything else. However, if a phone is extremely valuable, you might want to purchase extra coverage to insure it for the full replacement cost. There are also specialized endorsements for electronics that you can buy.</span></p>\n<h3><span style=\"color: #000000;\">When and how does homeowners insurance cover phones?</span></h3>\n<p><span style=\"color: #000000;\">A standard homeowners insurance policy provides coverage for cellphones in a few different scenarios. Phones fall under the personal property category of homeowners coverage and are treated the same way as many other things under the policy. We’ll take a closer look at the most common covered scenarios.</span></p>\n<h4><span style=\"color: #000000;\">Homeowners insurance covers cellphones in the following scenarios:</span></h4>\n<ul>\n<li><span style=\"color: #000000;\">Someone breaks into your house and steals your cellphone.</span></li>\n<li><span style=\"color: #000000;\">Someone vandalizes your cellphone.</span></li>\n<li><span style=\"color: #000000;\">Your cellphone is damaged or destroyed by covered water damage.</span></li>\n<li><span style=\"color: #000000;\">Your cellphone is destroyed by a covered natural disaster.</span></li>\n</ul>\n<h4><span style=\"color: #000000;\">Natural disasters commonly covered by homeowners insurance include:</span></h4>\n<ul>\n<li><span style=\"color: #000000;\">Windstorms</span></li>\n<li><span style=\"color: #000000;\">Hail</span></li>\n<li><span style=\"color: #000000;\">Fires</span></li>\n<li><span style=\"color: #000000;\">Blizzards</span></li>\n<li><span style=\"color: #000000;\">Lightning</span></li>\n</ul>\n<h4><span style=\"color: #000000;\">Natural disasters typically NOT covered by homeowners insurance include:</span></h4>\n<ul>\n<li><span style=\"color: #000000;\">Floods</span></li>\n<li><span style=\"color: #000000;\">Earthquakes</span></li>\n<li><span style=\"color: #000000;\">Mudslides</span></li>\n</ul>\n<p><span style=\"color: #000000;\">If you’re worried about protecting your phone specifically, be sure to list it under the personal property you want covered on your homeowners insurance property. Also take the time to review your specific policy to get familiar with exactly what’s covered. You can always purchase extra coverage if you feel you don’t have enough.</span></p>\n<h3><span style=\"color: #000000;\">How much do I have to pay if homeowners insurance doesn’t cover my phone?</span></h3>\n<p><span style=\"color: #000000;\">After paying your deductible, you’ll be responsible for paying any amount exceeding your homeowners insurance policy’s limit for personal property. It’s important to keep in mind that if someone breaks into your home and steals a bunch of stuff, the values for all that property will add up quickly. If you have a lot of highly valuable items, you might want to increase your coverage or purchase special endorsements.</span></p>\n<p><span style=\"color: #000000;\">A standard homeowners policy has a deductible that’s typically 1% of the home’s value—so if your home is worth $300,000, you might have to exceed $3,000 in stolen or damaged personal property before your insurance will start paying. Newer cellphones like iPhones sometimes cost thousands of dollars by themselves.</span></p>\n<h3><span style=\"color: #000000;\">If homeowners insurance doesn’t cover my phone, what will?</span></h3>\n<p><span style=\"color: #000000;\">Your phone will be covered up to your homeowners insurance policy’s limit for personal property, but your laptop might easily exceed that, especially if it’s lumped in with a bunch of other property you need to get reimbursed for at once. Even though your standard homeowners policy will cover you, considering specialized endorsements for valuable electronics might be a really good idea. Endorsements can help you get reimbursed for the full replacement cost.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/ask-an-insurance-agent/does-home-insurance-cover-my-phone/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Cell Phone Insurance','','publish','closed','closed','','cell-phone-insurance','','','2020-12-18 19:43:40','2020-12-18 19:43:40','',0,'http://smartinsurance.tips/?page_id=1165',0,'page','',0),(1166,1,'2020-12-18 19:17:28','2020-12-18 19:17:28','<!-- wp:divi/placeholder /-->','Cell Phone Insurance','','inherit','closed','closed','','1165-revision-v1','','','2020-12-18 19:17:28','2020-12-18 19:17:28','',1165,'http://smartinsurance.tips/1165-revision-v1/',0,'revision','',0),(1170,1,'2020-12-18 19:44:13','2020-12-18 19:44:13','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>ATV Insurance 101</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"> <img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/My-Post-6-1024x536.png\" width=\"1024\" height=\"536\" alt=\"\" class=\"wp-image-1204 aligncenter size-large\" /></span><span style=\"font-size: 14px; text-align: justify;\"> </span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">What Does ATV Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">ATV insurance can protect your finances in the event of loss, damage, an accident, injury or theft of your vehicle.  Here are some details:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Liability coverage</strong> will cover the costs of bodily injury and property damage up to a determined amount if you cause an accident.  It will also cover the cost of your legal fees if you are sued.</span></li>\n<li><span style=\"color: #000000;\"><strong>Collision coverage</strong> will pay for repairs to your damaged ATV after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive coverage</strong> is optional, and will provide protection if your ATV is stolen, damaged by fire, vandalism, or severe weather.</span></li>\n<li><span style=\"color: #000000;\"><strong>Uninsured/underinsured motorist coverage</strong>, also optional, will help cover your costs if another rider causes and accident, and does not have the insurance to pay for your expenses.</span></li>\n</ul>\n<h3><span style=\"color: #000000;\">How Does ATV Insurance Work?</span></h3>\n<p><span style=\"color: #000000;\">ATV insurance works similarly to auto insurance. Because ATVs can be risky – for the riders, passengers and those around them – your ATV insurance is designed to help cover the costs associated with a mishap or incident, as well as theft.</span></p>\n<p><span style=\"color: #000000;\">ATV insurance helps you recover financially so that the cost of repairs, injuries and even lawsuits do not end up costing you more than you can manage out of pocket.</span></p>\n<p><span style=\"color: #000000;\">If you are in an accident that results in injuries or damages, your insurance agent can help you get compensation and start the claims process.  First, supply any available documentation or photos of what occurred.</span></p>\n<p><span style=\"color: #000000;\">An adjuster will review the damage and determine your compensation based on the amount of coverage, the type of loss, and your deductible.</span></p>\n<h3><span style=\"color: #000000;\">How Much Does ATV Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">ATVs and their riders are different, so it is very difficult guess what your particular premium cost will be.</span></p>\n<p><span style=\"color: #000000;\">There are many factors that go into a premium – driving record, top speed of the ATV, how often it is used (do you drive it around on your ranch every day, take it out on weekends or just during the summer months?), your credit history, the ages of the allowed drivers, your age, gender, etc.</span></p>\n<p><span style=\"color: #000000;\">Virtually every state has different standards of insurance coverage for ATV owners.</span></p>\n<div class=\"mx-lg-n4 mx-xl-n5\">\n<h3><span style=\"color: #000000;\">Is ATV Insurance Required?</span></h3>\n<p><span style=\"color: #000000;\">Unlike auto insurance, not all states require that you carry insurance on your ATV. However, many states do require some coverage if you are using your ATV on public land, in state parks or in public parks. Additionally, you may be required to purchase certain coverage if you are financing your all-terrain vehicle.</span></p>\n<p><span style=\"color: #000000;\">Be sure to check if the state where you live and the locations where you plan to use your vehicle require ATV insurance. Be aware that if you are uninsured and get into an accident, you may be liable for all damages and/or injuries incurred. So while ATV insurance is often not required, it can be a wise investment.</span></p>\n<h3><span style=\"color: #000000;\">How Much ATV Insurance Do I Need?</span></h3>\n<p><span style=\"color: #000000;\">There are many factors that go into determining how much ATV insurance is adequate. Every ATV is different, and every driver is different.</span></p>\n<p><span style=\"color: #000000;\">How you use your vehicle is a good indicator of how much ATV insurance you should have – for example, whether you use it for dune riding where visibility is good, or back woods riding where trees and hillsides can obstruct your view.</span></p>\n<p><span style=\"color: #000000;\">Additionally, the value of your ATV, the value of the assets you want to protect in case of a liability claim against you, and how much risk you take while riding can all be indicators of how much ATV insurance you need.</span></p>\n<p><span style=\"color: #000000;\">To get help evaluating what coverage makes sense for your unique needs, contact an agent in the Trusted Choice network. These agents advocate for the consumer, which means your agent will provide information and ATV insurance quotes.</span></p>\n<h3><span style=\"color: #000000;\">Does ATV Insurance Cover Riders and Passengers?</span></h3>\n<p><span style=\"color: #000000;\">While some families have a set of ATVs, others share a vehicle or two and even lend them to friends. If you ride with a family member or bring passengers along on your ATV, you may wonder whether passengers are covered.</span></p>\n<p><span style=\"color: #000000;\">ATV insurance typically does cover your vehicle and any riders, provided that those operating the vehicle are at least 16 years old and possess a valid driver’s license. </span></p>\n<p><span style=\"color: #000000;\">In most cases, your ATV coverage extends past you and covers your vehicle whenever it is taken out for a spin by a licensed driver. Be sure to review your coverage carefully with your agent so you know what is and is not covered under your policy.</span></p>\n<p>&nbsp;</p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/atv-insurance/coverage-faq/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','ATV Insurance 101','','publish','closed','closed','','atv-insurance-101','','','2020-12-22 16:33:40','2020-12-22 16:33:40','',0,'http://smartinsurance.tips/?page_id=1170',0,'page','',0),(1158,1,'2020-12-18 18:59:39','2020-12-18 18:59:39','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Storage Unit Insurance</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/363b16ab-dc89-43b4-9767-8450cdffd735/storage-unit-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Storage Unit Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Self storage is multibillion dollar industry in the US. Millions of Americans keep property in some sort of storage unit, either temporarily or long-term. In fact, 1 out of every 10 Americans rents off-site storage—it\'s the fastest-growing segment of the commercial real estate industry over the past few decades. </span></p>\n<p><span style=\"color: #000000;\">According to the Self Storage Association, the nonprofit trade organization for self storage business owners, the industry made $24 billion last year. On average, a 10x10-foot storage unit rented for $115 per month for a non-climate controlled unit, and $146 for climate-controlled.</span></p>\n<p><span style=\"color: #000000;\">Most demand for storage units is for temporary reasons. When people move, divorce, experience a death in the family or are displaced by a natural disaster, storage units help keep their belongings safe while they find long-term placement. </span></p>\n<p><span style=\"color: #000000;\">Unfortunately, these units are not immune to disaster themselves. That’s why it’s important to secure your property with storage unit insurance.</span></p>\n<p><span style=\"color: #000000;\">Use this <a href=\"https://www.trustedchoice.com/find-an-agent/\" style=\"color: #000000;\">independent agent</a> matching tool to find the best insurance solution in your area. Briefly describe what you\'re looking for, and the tool will recommend the best agents for you. Any information you provide will sent only to the agent you pick.</span></p>\n<h3><span style=\"color: #000000;\">Why Do I Need Insurance for My Storage Unit?</span></h3>\n<p><span style=\"color: #000000;\">According to FBI statistics, more than 1 million storage units are destroyed by arson every year, causing an average of $11,000 in damage. Only 20% of arsonists who set storage units ablaze are ever arrested, making it highly unlikely that you will receive restitution. </span></p>\n<p><span style=\"color: #000000;\">These figures don\'t include accidental fire damage, which causes millions more in lost property. You\'ll want a self storage insurance policy to help you repair or replace your damaged property.</span></p>\n<p><span style=\"color: #000000;\">Many storage units offer video surveillance and other security measures. However, even if a theft is recorded, you may never see your property again. Unfortunately, once items are stolen, it’s unlikely that the police will recover and return them. </span></p>\n<p><span style=\"color: #000000;\">FBI statistics indicate that stolen property is recovered at a dismal average of 3% to 12%, depending on the item (excluding motor vehicles, which are recovered about half the time). Crime data show that jewelry is more easily recovered than household goods such as furniture. </span></p>\n<p><span style=\"color: #000000;\">A family heirloom is easier to track than a coffee table. However, many self storage insurance policies have limitations on what they cover. It’s important to review your policy options carefully before keeping Great-Aunt Mabel’s diamond necklace in a storage facility.  </span></p>\n<h3><span style=\"color: #000000;\">What If My Property Is Already Insured?</span></h3>\n<p><span style=\"color: #000000;\">Your homeowners, renters or business insurance may cover the reason you\'re renting a storage unit in the first place if you are displaced by a tornado, fire or other natural event. In these circumstances, you may already have coverage, as long as the items are listed on your policy. </span></p>\n<p><span style=\"color: #000000;\">This coverage is almost always on a temporary basis and may have more limitations than if the property was still in your home or apartment. Off-premises <a data-item-id=\"baedaa8b-1314-547d-b69c-b82cffb3083c\" href=\"https://www.trustedchoice.com/homeowners-insurance/\" style=\"color: #000000;\">home insurance</a> coverage often has a limit of $1,000 or 10% of the policy\'s personal property limit, whichever is greater. </span></p>\n<p><span style=\"color: #000000;\">That means if the personal property limit is $100,000, up to $10,000 worth of property in a storage unit could be covered. Be sure to carefully review any existing insurance policy to find out if additional storage unit insurance may be necessary.</span></p>\n<p><span style=\"color: #000000;\">If you are in the process of moving, however, you may not have an existing insurance policy and you will want to find insurance for your storage unit.</span></p>\n<h3><span style=\"color: #000000;\">What If the Self Storage Facility Offers Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Self storage facilities often require proof of insurance before renting the unit. Less scrupulous operators neglect to tell the potential renters about this fact until the day they move in, and then immediately demand proof of insurance before handing over the keys. </span></p>\n<p><span style=\"color: #000000;\">This forces the customer to purchase a policy from the facility. To prevent feeling rushed or forced, go in with proof of insurance. Many storage policies reimburse only for an item’s cash value at the time of loss, which may be less than the replacement cost. </span></p>\n<p><span style=\"color: #000000;\">It’s always best to look for a number of quotes from different storage unit insurance companies rather than settling for the facility’s policy, which can be expensive while offering less coverage.</span></p>\n<p><span style=\"color: #000000;\"><strong>Common exclusions in these policies include:</strong></span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\"><strong>Missing items.</strong> Items can only be considered stolen as part of a burglary if there is physical evidence of a break-in. If an item goes missing from your storage unit, it\'s considered a “mysterious disappearance” and isn’t covered.</span></li>\n<li><span style=\"color: #000000;\"><strong>Damage from insects, rodents and other vermin. </strong>These exclusions are similar to homeowners and renters policies. Be sure to ask the facility operator how they manage the local moth and rat populations.</span></li>\n<li><span style=\"color: #000000;\"><strong>Expensive items and documents. </strong>Policies offered at the storage facility can be more exclusionary than third-party insurance coverage. Exclusions usually include jewelry, art, furs, collectibles, cash, deeds, securities and other documents. Your homeowners or renters insurance allow you to purchase riders to cover these normally excluded items. However, this additional and vital protection is most often not offered through the facility’s insurance.</span></li>\n<li><span style=\"color: #000000;\"><strong>Motor vehicles. </strong>Most of these policies also exclude vehicles. You may not have auto insurance on the car or truck you wish to store, so you will want to secure a car insurance policy or opt for a self storage insurance policy from a third party that includes such coverage.</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">Where Can I Find the Best Storage Unit Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Whether you are moving, have experienced a covered natural disaster, or simply wish to store some property while you renovate a room in your home, you want to be sure your belongings are covered, no matter where you keep them. </span></p>\n<p><span style=\"color: #000000;\"><a href=\"https://www.trustedchoice.com/find-an-agent/\" style=\"color: #000000;\">Independent agents</a> can help you review any existing policies you may have so you are certain everything is covered. These agents can also assist you in finding multiple quotes from a variety of insurance providers, enabling you to choose a self storage insurance policy with the best coverage at the most affordable rates.</span></p>\n<p>&nbsp;</p>\n<span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/storage-unit/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Storage Unit Insurance','','inherit','closed','closed','','1155-revision-v1','','','2020-12-18 18:59:39','2020-12-18 18:59:39','',1155,'http://smartinsurance.tips/1155-revision-v1/',0,'revision','',0),(1164,1,'2020-12-18 19:17:11','2020-12-18 19:17:11','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h2 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>How to Insure Your Musical Instruments</strong></span></h2>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/3a06a0ab-ec19-493d-a25c-01891035a2d8/musical-instrument-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Musical Instrument Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">If you’d rather be strumming away at your guitar or playing a tune on your piano than thinking about your insurance needs, you’re not alone. </span></p>\n<p><span style=\"color: #000000;\">But protecting your investment in a musical instrument is probably something you think about regularly, especially if you travel with it. Musical instrument insurance can provide peace of mind.</span></p>\n<h3><span style=\"color: #000000;\">Do I Need Musical Instrument Insurance?</span></h3>\n<p><span style=\"color: #000000;\">If you’re not certain you really need to insure that musical instrument that cost you thousands of dollars — whether it\'s cello or a baby grand piano — consider just a few of the ways people experience loss or damage to their instruments each year:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Overexposure to humidity</span></li>\n<li><span style=\"color: #000000;\">Water damage during storage or from burst pipes and flooding</span></li>\n<li><span style=\"color: #000000;\">Being dropped, for example, by a baggage handler at the airport</span></li>\n<li><span style=\"color: #000000;\">Damaged or lost during transportation</span></li>\n<li><span style=\"color: #000000;\">Lost or stolen while you’re traveling or on vacation</span></li>\n<li><span style=\"color: #000000;\">Destroyed in a house fire or other disaster</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">Who Needs Instrument Insurance?</span></h3>\n<p><span style=\"color: #000000;\">If you own an expensive musical instrument, you are likely to need instrument insurance. If you have a child who is in a band or is taking private music lessons, insurance can protect your investment in the instrument while your young student is toting it around. </span></p>\n<p><span style=\"color: #000000;\">If your child accidentally leaves the instrument on the bus never to be seen again, the proper insurance could replace it.</span></p>\n<p><span style=\"color: #000000;\">If you are in a band, orchestra, or local symphony, it is definitely a good idea to get your instrument protected against loss, damage, or theft. If you transport your instrument to symphony halls, wedding receptions, or bars and musical venues, it is important to evaluate the risks you’ll face in transit.</span></p>\n<p><span style=\"color: #000000;\">The amount of coverage you need is based on your instrument’s appraised value. An appraiser will take into account factors such as age, condition, and quality. If you have the appropriate coverage and something happens to the instrument, you won’t have to pay out of pocket to replace the instrument at full value.</span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Cover Musical Instruments?</span></h3>\n<p><span style=\"color: #000000;\">A homeowners insurance policy typically provides some coverage for your non-professional musical instruments, although to ensure full coverage you may need a separate rider. </span></p>\n<p><span style=\"color: #000000;\">If your instrument is damaged by water from a burst pipe or leaky roof, your homeowners coverage is likely to kick in, subject to any policy limits for personal belongings.</span></p>\n<p><span style=\"color: #000000;\"><strong>As you evaluate your musical instrument insurance needs, also consider the following:</strong></span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">A homeowners policy often carries high deductibles, while certain instrument insurance policies offer no-deductible options.</span></li>\n<li><span style=\"color: #000000;\">A homeowners policy won’t usually provide full coverage for professional instruments you use for paid performances.</span></li>\n<li><span style=\"color: #000000;\">A homeowners policy probably won’t cover your instrument if it was damaged by a flood or an earthquake.</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">Because of the possible restrictions and limitations placed on musical instruments in a homeowners policy, you may want to consider a separate endorsement or instrument insurance policy that better meets your needs.</span></p>\n<h3><span style=\"color: #000000;\">What Are the Costs for Piano, Violin, or Viola Insurance?</span></h3>\n<p><span style=\"color: #000000;\">A few of the most expensive musical instruments include pianos, violas, and violins. Due to their value, they’re often insured under policies separate from a homeowners policy. Let’s take a look at the price of coverage for these frequently insured items.</span></p>\n<p><span style=\"color: #000000;\">Pianos range in value, but it’s not uncommon for a Bosendorfer to cost over $50,000. Violas and violins, depending on their quality, can also cost thousands of dollars. Piano insurance, viola insurance, and violin insurance are all based on the instrument’s current list price.</span></p>\n<p><span style=\"color: #000000;\">Determining your instrument’s value is necessary for selecting the amount of coverage you need.</span></p>\n<p><span style=\"color: #000000;\">Insurance premiums for these types of instruments can cost as little as $250 per year. If you elect to add additional limits to your homeowners policy, you’ll need to make sure the coverage is adequate based on your instrument’s replacement value.</span></p>\n<h3><span style=\"color: #000000;\">More What-If Scenarios for Musical Instrument Coverage</span></h3>\n<p><span style=\"color: #000000;\">To fully assess your level of risk and insurance needs, consider your use of the instrument, including any times when it may be out of your sight or may be at risk of damage. Assemble your questions and concerns for a discussion with your insurance agent.</span></p>\n<p><span style=\"color: #000000;\"><strong>You may want to ask your agent the following questions:</strong></span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Will your instrument be covered if it is damaged while on loan to a friend?</span></li>\n<li><span style=\"color: #000000;\">Will it be covered if you rent it out?</span></li>\n<li><span style=\"color: #000000;\">What if you accidentally leave it in a taxi?</span></li>\n<li><span style=\"color: #000000;\">Will it be covered if you transport it out of the state? Out of the country?</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">In most instances, coverage for these types of mishaps depends on the specific language of your homeowners or individual instrument insurance policy.</span></p>\n<h3><span style=\"color: #000000;\">Purchasing the Best Instrument Insurance</span></h3>\n<p><span style=\"color: #000000;\">If you realize the importance of instrument insurance, but aren’t sure exactly how to proceed, you’re not alone. The world of insurance can be challenging to navigate. There are numerous companies that offer quotes on homeowners policies and individual musical instrument insurance.</span></p>\n<p><span style=\"color: #000000;\">As you\'re researching insurance options, make sure you\'re looking at the reputation of the insurer. If the company is highly rated (you can do some online searches on sites like A.M. Best for industry ratings), and the quote you see is within your price range, this might be a good option. </span></p>\n<p><span style=\"color: #000000;\">Just don\'t stop at the first quote you see. It\'s highly recommended that you get at least three quotes before you buy. That way, you\'ll have a range of options at your fingertips, and can rest assured that your choice is the right one for your needs and budget.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/musical-instruments/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How to Insure Your Musical Instruments','','inherit','closed','closed','','1159-revision-v1','','','2020-12-18 19:17:11','2020-12-18 19:17:11','',1159,'http://smartinsurance.tips/1159-revision-v1/',0,'revision','',0),(1162,1,'2020-12-18 19:16:31','2020-12-18 19:16:31','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h2 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>How to Insure Your Musical Instruments</strong></span></h2>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/3a06a0ab-ec19-493d-a25c-01891035a2d8/musical-instrument-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Musical Instrument Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">If you’d rather be strumming away at your guitar or playing a tune on your piano than thinking about your insurance needs, you’re not alone. </span></p>\n<p><span style=\"color: #000000;\">But protecting your investment in a musical instrument is probably something you think about regularly, especially if you travel with it. Musical instrument insurance can provide peace of mind.</span></p>\n<p><span style=\"color: #000000;\">Click on this independent agent matching tool to find the best insurance plan in your area. Provide a few details about what you’re looking for, and the technology will recommend the best agents for you. Any information you provide will be sent only to the agents you pick.</span></p>\n<h3><span style=\"color: #000000;\">Do I Need Musical Instrument Insurance?</span></h3>\n<p><span style=\"color: #000000;\">If you’re not certain you really need to insure that musical instrument that cost you thousands of dollars — whether it\'s cello or a baby grand piano — consider just a few of the ways people experience loss or damage to their instruments each year:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Overexposure to humidity</span></li>\n<li><span style=\"color: #000000;\">Water damage during storage or from burst pipes and flooding</span></li>\n<li><span style=\"color: #000000;\">Being dropped, for example, by a baggage handler at the airport</span></li>\n<li><span style=\"color: #000000;\">Damaged or lost during transportation</span></li>\n<li><span style=\"color: #000000;\">Lost or stolen while you’re traveling or on vacation</span></li>\n<li><span style=\"color: #000000;\">Destroyed in a house fire or other disaster</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">Who Needs Instrument Insurance?</span></h3>\n<p><span style=\"color: #000000;\">If you own an expensive musical instrument, you are likely to need instrument insurance. If you have a child who is in a band or is taking private music lessons, insurance can protect your investment in the instrument while your young student is toting it around. </span></p>\n<p><span style=\"color: #000000;\">If your child accidentally leaves the instrument on the bus never to be seen again, the proper insurance could replace it.</span></p>\n<p><span style=\"color: #000000;\">If you are in a band, orchestra, or local symphony, it is definitely a good idea to get your instrument protected against loss, damage, or theft. If you transport your instrument to symphony halls, wedding receptions, or bars and musical venues, it is important to evaluate the risks you’ll face in transit.</span></p>\n<p><span style=\"color: #000000;\">The amount of coverage you need is based on your instrument’s appraised value. An appraiser will take into account factors such as age, condition, and quality. If you have the appropriate coverage and something happens to the instrument, you won’t have to pay out of pocket to replace the instrument at full value.</span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Cover Musical Instruments?</span></h3>\n<p><span style=\"color: #000000;\">A homeowners insurance policy typically provides some coverage for your non-professional musical instruments, although to ensure full coverage you may need a separate rider. </span></p>\n<p><span style=\"color: #000000;\">If your instrument is damaged by water from a burst pipe or leaky roof, your homeowners coverage is likely to kick in, subject to any policy limits for personal belongings.</span></p>\n<p><span style=\"color: #000000;\"><strong>As you evaluate your musical instrument insurance needs, also consider the following:</strong></span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">A homeowners policy often carries high deductibles, while certain instrument insurance policies offer no-deductible options.</span></li>\n<li><span style=\"color: #000000;\">A homeowners policy won’t usually provide full coverage for professional instruments you use for paid performances.</span></li>\n<li><span style=\"color: #000000;\">A homeowners policy probably won’t cover your instrument if it was damaged by a flood or an earthquake.</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">Because of the possible restrictions and limitations placed on musical instruments in a homeowners policy, you may want to consider a separate endorsement or instrument insurance policy that better meets your needs.</span></p>\n<h3><span style=\"color: #000000;\">What Are the Costs for Piano, Violin, or Viola Insurance?</span></h3>\n<p><span style=\"color: #000000;\">A few of the most expensive musical instruments include pianos, violas, and violins. Due to their value, they’re often insured under policies separate from a homeowners policy. Let’s take a look at the price of coverage for these frequently insured items.</span></p>\n<p><span style=\"color: #000000;\">Pianos range in value, but it’s not uncommon for a Bosendorfer to cost over $50,000. Violas and violins, depending on their quality, can also cost thousands of dollars. Piano insurance, viola insurance, and violin insurance are all based on the instrument’s current list price.</span></p>\n<p><span style=\"color: #000000;\">Determining your instrument’s value is necessary for selecting the amount of coverage you need.</span></p>\n<p><span style=\"color: #000000;\">Insurance premiums for these types of instruments can cost as little as $250 per year. If you elect to add additional limits to your homeowners policy, you’ll need to make sure the coverage is adequate based on your instrument’s replacement value.</span></p>\n<h3><span style=\"color: #000000;\">More What-If Scenarios for Musical Instrument Coverage</span></h3>\n<p><span style=\"color: #000000;\">To fully assess your level of risk and insurance needs, consider your use of the instrument, including any times when it may be out of your sight or may be at risk of damage. Assemble your questions and concerns for a discussion with your insurance agent.</span></p>\n<p><span style=\"color: #000000;\"><strong>You may want to ask your agent the following questions:</strong></span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Will your instrument be covered if it is damaged while on loan to a friend?</span></li>\n<li><span style=\"color: #000000;\">Will it be covered if you rent it out?</span></li>\n<li><span style=\"color: #000000;\">What if you accidentally leave it in a taxi?</span></li>\n<li><span style=\"color: #000000;\">Will it be covered if you transport it out of the state? Out of the country?</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">In most instances, coverage for these types of mishaps depends on the specific language of your homeowners or individual instrument insurance policy.</span></p>\n<h3><span style=\"color: #000000;\">Purchasing the Best Instrument Insurance</span></h3>\n<p><span style=\"color: #000000;\">If you realize the importance of instrument insurance, but aren’t sure exactly how to proceed, you’re not alone. The world of insurance can be challenging to navigate. There are numerous companies that offer quotes on homeowners policies and individual musical instrument insurance.</span></p>\n<p><span style=\"color: #000000;\">As you\'re researching insurance options, make sure you\'re looking at the reputation of the insurer. If the company is highly rated (you can do some online searches on sites like A.M. Best for industry ratings), and the quote you see is within your price range, this might be a good option. </span></p>\n<p><span style=\"color: #000000;\">Just don\'t stop at the first quote you see. It\'s highly recommended that you get at least three quotes before you buy. That way, you\'ll have a range of options at your fingertips, and can rest assured that your choice is the right one for your needs and budget.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/musical-instruments/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How to Insure Your Musical Instruments','','inherit','closed','closed','','1159-revision-v1','','','2020-12-18 19:16:31','2020-12-18 19:16:31','',1159,'http://smartinsurance.tips/1159-revision-v1/',0,'revision','',0),(1169,1,'2020-12-18 19:43:40','2020-12-18 19:43:40','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Does Homeowners Insurance Cover My Phone?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/6a1a50f0-dd72-4c54-a8a7-690193692b06/q&amp;a-misc2-facebook.jpg\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">Is my phone covered under a standard homeowners insurance policy?</span></h3>\n<p><span style=\"color: #000000;\">As a new homeowner, I’m curious about what all is covered under my insurance. I have a cellphone that was pretty expensive, and I worry about something happening to it and needing to replace it or it being stolen. Is my phone covered under standard homeowners insurance policies?</span></p>\n<p><span style=\"color: #000000;\">Yes. Just like any other type of personal property, homeowners insurance provides coverage for cellphones for the same scenarios it would for everything else. However, if a phone is extremely valuable, you might want to purchase extra coverage to insure it for the full replacement cost. There are also specialized endorsements for electronics that you can buy.</span></p>\n<h3><span style=\"color: #000000;\">When and how does homeowners insurance cover phones?</span></h3>\n<p><span style=\"color: #000000;\">A standard homeowners insurance policy provides coverage for cellphones in a few different scenarios. Phones fall under the personal property category of homeowners coverage and are treated the same way as many other things under the policy. We’ll take a closer look at the most common covered scenarios.</span></p>\n<h4><span style=\"color: #000000;\">Homeowners insurance covers cellphones in the following scenarios:</span></h4>\n<ul>\n<li><span style=\"color: #000000;\">Someone breaks into your house and steals your cellphone.</span></li>\n<li><span style=\"color: #000000;\">Someone vandalizes your cellphone.</span></li>\n<li><span style=\"color: #000000;\">Your cellphone is damaged or destroyed by covered water damage.</span></li>\n<li><span style=\"color: #000000;\">Your cellphone is destroyed by a covered natural disaster.</span></li>\n</ul>\n<h4><span style=\"color: #000000;\">Natural disasters commonly covered by homeowners insurance include:</span></h4>\n<ul>\n<li><span style=\"color: #000000;\">Windstorms</span></li>\n<li><span style=\"color: #000000;\">Hail</span></li>\n<li><span style=\"color: #000000;\">Fires</span></li>\n<li><span style=\"color: #000000;\">Blizzards</span></li>\n<li><span style=\"color: #000000;\">Lightning</span></li>\n</ul>\n<h4><span style=\"color: #000000;\">Natural disasters typically NOT covered by homeowners insurance include:</span></h4>\n<ul>\n<li><span style=\"color: #000000;\">Floods</span></li>\n<li><span style=\"color: #000000;\">Earthquakes</span></li>\n<li><span style=\"color: #000000;\">Mudslides</span></li>\n</ul>\n<p><span style=\"color: #000000;\">If you’re worried about protecting your phone specifically, be sure to list it under the personal property you want covered on your homeowners insurance property. Also take the time to review your specific policy to get familiar with exactly what’s covered. You can always purchase extra coverage if you feel you don’t have enough.</span></p>\n<h3><span style=\"color: #000000;\">How much do I have to pay if homeowners insurance doesn’t cover my phone?</span></h3>\n<p><span style=\"color: #000000;\">After paying your deductible, you’ll be responsible for paying any amount exceeding your homeowners insurance policy’s limit for personal property. It’s important to keep in mind that if someone breaks into your home and steals a bunch of stuff, the values for all that property will add up quickly. If you have a lot of highly valuable items, you might want to increase your coverage or purchase special endorsements.</span></p>\n<p><span style=\"color: #000000;\">A standard homeowners policy has a deductible that’s typically 1% of the home’s value—so if your home is worth $300,000, you might have to exceed $3,000 in stolen or damaged personal property before your insurance will start paying. Newer cellphones like iPhones sometimes cost thousands of dollars by themselves.</span></p>\n<h3><span style=\"color: #000000;\">If homeowners insurance doesn’t cover my phone, what will?</span></h3>\n<p><span style=\"color: #000000;\">Your phone will be covered up to your homeowners insurance policy’s limit for personal property, but your laptop might easily exceed that, especially if it’s lumped in with a bunch of other property you need to get reimbursed for at once. Even though your standard homeowners policy will cover you, considering specialized endorsements for valuable electronics might be a really good idea. Endorsements can help you get reimbursed for the full replacement cost.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/ask-an-insurance-agent/does-home-insurance-cover-my-phone/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Cell Phone Insurance','','inherit','closed','closed','','1165-revision-v1','','','2020-12-18 19:43:40','2020-12-18 19:43:40','',1165,'http://smartinsurance.tips/1165-revision-v1/',0,'revision','',0),(1168,1,'2020-12-18 19:43:20','2020-12-18 19:43:20','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Does Homeowners Insurance Cover My Phone?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/6a1a50f0-dd72-4c54-a8a7-690193692b06/q&amp;a-misc2-facebook.jpg\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">Is my phone covered under a standard homeowners insurance policy?</span></h3>\n<p><span style=\"color: #000000;\">As a new homeowner, I’m curious about what all is covered under my insurance. I have a cellphone that was pretty expensive, and I worry about something happening to it and needing to replace it or it being stolen. Is my phone covered under standard homeowners insurance policies?</span></p>\n<p><span style=\"color: #000000;\">Yes. Just like any other type of personal property, homeowners insurance provides coverage for cellphones for the same scenarios it would for everything else. However, if a phone is extremely valuable, you might want to purchase extra coverage to insure it for the full replacement cost. There are also specialized endorsements for electronics that you can buy.</span></p>\n<h3><span style=\"color: #000000;\">When and how does homeowners insurance cover phones?</span></h3>\n<p><span style=\"color: #000000;\">A standard homeowners insurance policy provides coverage for cellphones in a few different scenarios. Phones fall under the personal property category of homeowners coverage and are treated the same way as many other things under the policy. We’ll take a closer look at the most common covered scenarios.</span></p>\n<h4><span style=\"color: #000000;\">Homeowners insurance covers cellphones in the following scenarios:</span></h4>\n<ul>\n<li><span style=\"color: #000000;\">Someone breaks into your house and steals your cellphone.</span></li>\n<li><span style=\"color: #000000;\">Someone vandalizes your cellphone.</span></li>\n<li><span style=\"color: #000000;\">Your cellphone is damaged or destroyed by covered water damage.</span></li>\n<li><span style=\"color: #000000;\">Your cellphone is destroyed by a covered natural disaster.</span></li>\n</ul>\n<h4><span style=\"color: #000000;\">Natural disasters commonly covered by homeowners insurance include:</span></h4>\n<ul>\n<li><span style=\"color: #000000;\">Windstorms</span></li>\n<li><span style=\"color: #000000;\">Hail</span></li>\n<li><span style=\"color: #000000;\">Fires</span></li>\n<li><span style=\"color: #000000;\">Blizzards</span></li>\n<li><span style=\"color: #000000;\">Lightning</span></li>\n</ul>\n<h4><span style=\"color: #000000;\">Natural disasters typically NOT covered by homeowners insurance include:</span></h4>\n<ul>\n<li><span style=\"color: #000000;\">Floods</span></li>\n<li><span style=\"color: #000000;\">Earthquakes</span></li>\n<li><span style=\"color: #000000;\">Mudslides</span></li>\n</ul>\n<p><span style=\"color: #000000;\">If you’re worried about protecting your phone specifically, be sure to list it under the personal property you want covered on your homeowners insurance property. Also take the time to review your specific policy to get familiar with exactly what’s covered. You can always purchase extra coverage if you feel you don’t have enough.</span></p>\n<h3><span style=\"color: #000000;\">How much do I have to pay if homeowners insurance doesn’t cover my phone?</span></h3>\n<p><span style=\"color: #000000;\">After paying your deductible, you’ll be responsible for paying any amount exceeding your homeowners insurance policy’s limit for personal property. It’s important to keep in mind that if someone breaks into your home and steals a bunch of stuff, the values for all that property will add up quickly. If you have a lot of highly valuable items, you might want to increase your coverage or purchase special endorsements.</span></p>\n<p><span style=\"color: #000000;\">A standard homeowners policy has a deductible that’s typically 1% of the home’s value—so if your home is worth $300,000, you might have to exceed $3,000 in stolen or damaged personal property before your insurance will start paying. Newer cellphones like iPhones sometimes cost thousands of dollars by themselves. You can always work with an experienced independent insurance agent to get a policy with a lower deductible.</span></p>\n<h3><span style=\"color: #000000;\">If homeowners insurance doesn’t cover my phone, what will?</span></h3>\n<p><span style=\"color: #000000;\">Your phone will be covered up to your homeowners insurance policy’s limit for personal property, but your laptop might easily exceed that, especially if it’s lumped in with a bunch of other property you need to get reimbursed for at once. Even though your standard homeowners policy will cover you, considering specialized endorsements for valuable electronics might be a really good idea. Endorsements can help you get reimbursed for the full replacement cost.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/ask-an-insurance-agent/does-home-insurance-cover-my-phone/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Cell Phone Insurance','','inherit','closed','closed','','1165-revision-v1','','','2020-12-18 19:43:20','2020-12-18 19:43:20','',1165,'http://smartinsurance.tips/1165-revision-v1/',0,'revision','',0),(1171,1,'2020-12-18 19:44:13','2020-12-18 19:44:13','<!-- wp:divi/placeholder /-->','ATV Insurance 101','','inherit','closed','closed','','1170-revision-v1','','','2020-12-18 19:44:13','2020-12-18 19:44:13','',1170,'http://smartinsurance.tips/1170-revision-v1/',0,'revision','',0),(1178,1,'2020-12-18 20:02:36','2020-12-18 20:02:36','','Boat','','inherit','open','closed','','my-post-1-2','','','2020-12-18 20:03:05','2020-12-18 20:03:05','',0,'http://smartinsurance.tips/wp-content/uploads/2020/12/My-Post-1.png',0,'attachment','image/png',0),(1197,1,'2020-12-18 22:41:25','2020-12-18 22:41:25','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Are You Insured for a Tornado?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/0c075a21-1071-48d6-88f1-3ccd6c272211/tornado-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"A tornado on the ground shortly after destroying a small neighborhood.\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">With about 1,000 tornadoes touching down each year, the United States leads the world in tornado activity. While the majority of these tornadoes occur in the area known as Tornado Alley, they can, and do, happen all over the country. </span></p>\n<p><span style=\"color: #000000;\">Tornadoes are among the most expensive natural disasters. In fact, about 57% of all US catastrophic losses are tornado-related. You can minimize your risk of financial burden in the aftermath of a tornado with insurance.</span></p>\n<h3><span style=\"color: #000000;\">Facts about Tornadoes</span></h3>\n<div>\n<div class=\"icon-list-double-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Tornado wind speeds can reach 250 mph.</span></li>\n<li><span style=\"color: #000000;\">Tornadoes can be a mile wide and can travel on the ground for as much as 50 miles.</span></li>\n<li><span style=\"color: #000000;\">About 3 out of 4 of the world’s tornadoes occur in the United States.</span></li>\n<li><span style=\"color: #000000;\">Tornadoes have been reported in all 50 states and have happened in all seasons.</span></li>\n<li><span style=\"color: #000000;\">On average, tornadoes cause 70 fatalities and 1,500 injuries in the US each year.</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">What Is Tornado Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Unlike floods or hurricanes, tornadoes are generally covered under homeowners insurance policies and do not require a separate endorsement, or rider. </span></p>\n<p><span style=\"color: #000000;\">Because of the potential for extensive damage, homeowners are strongly advised to review their policies to make sure their coverage is sufficient if a tornado touchdown occurs.</span></p>\n<p><span style=\"color: #000000;\">If you rent your home or live in a condominium, you will want to be sure that you have renters or condo insurance to cover your property. </span></p>\n<p><span style=\"color: #000000;\">While your landlord or condo association will have a policy in place to cover damage to the structure of your home, personal belongings kept inside are not covered under these policies.</span></p>\n<p><span style=\"color: #000000;\">To obtain coverage for tornado damage to your vehicle, you will need to have a comprehensive car or truck insurance policy in place. Simply carrying liability insurance will not provide you with reimbursement for potentially extensive repairs following a tornado.</span></p>\n<p><span style=\"color: #000000;\"> Those who live within the boundaries of Tornado Alley are strongly encouraged to carry comprehensive auto insurance.</span></p>\n<h3><span style=\"color: #000000;\">How Much Coverage Is Enough?</span></h3>\n<p><span style=\"color: #000000;\">Tornadoes can cause peripheral damage from high winds, or more extensive damage if your home is directly in the path of the storm. Those whose homes are directly hit by one of these powerful storms could lose most if not all of their personal belongings.</span></p>\n<p><span style=\"color: #000000;\">Consider the contents of your home and how expensive it would be to replace absolutely everything, including clothes, furniture, and tools. Most homeowners policies cap certain categories of items based on the total coverage amount of the policy. </span></p>\n<p><span style=\"color: #000000;\">If you have a lot of expensive electronic equipment, artwork or collectibles, or own anything of extraordinary value, you may need additional endorsements to fully cover them.</span></p>\n<p><span style=\"color: #000000;\">You may want to consider paying a little extra to get replacement value insurance coverage. Replacement value insurance will provide you with reimbursement for what it would cost to purchase new what was lost or damaged, rather than receiving compensation for the items at their depreciated value. </span></p>\n<p><span style=\"color: #000000;\">If you find yourself in a position where you need to replace everything in your home, this type of coverage can prove extremely beneficial.</span></p>\n<div class=\"border-top border-bottom p-3 text-center text-tc-blue-800 callout\">\n<p><span style=\"color: #000000;\">Insurance professionals recommend making an inventory of all the belongings in your home and updating it annually.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n<p><span style=\"color: #000000;\">Walking through your home with a video camera and keeping the recording in a safe place can help prove the value of your belongings during the claims process.</span></p>\n<h3><span style=\"color: #000000;\">Stay Safe during a Tornado</span></h3>\n<p><span style=\"color: #000000;\">While securing your personal belongings and valuables is important, protecting yourself and your family should be your top priority when a tornado watch is in effect. </span></p>\n<p><span style=\"color: #000000;\">Your family should have a plan in place so that you can quickly find shelter, particularly if you live in a vulnerable structure such as a mobile home. You should also pre-designate a place to meet up after the storm if you are separated.</span></p>\n<p><span style=\"color: #000000;\">Basements and storm cellars are the safest places to wait out a tornado. If shelter below ground is not available, go to the lowest floor possible and seek protection a bathroom, closet or other interior room far from windows and as close to the center of the house as possible.</span></p>\n<p><span style=\"color: #000000;\">Conventional wisdom holds that opening windows helps by equalizing pressure in the house. This is no longer advised, however, as doing so allows damaging debris to enter your home.</span></p>\n<p><span style=\"color: #000000;\">If you see a tornado touch down while you are in your car, do not try to out-drive it, particularly if you are in an urban or congested area. Instead exit your vehicle and, if possible, find a sturdy building or storm cellar to take shelter in. </span></p>\n<p><span style=\"color: #000000;\">If none is available, lie down in a low, flat area, such as a ditch, and cover your head until the tornado passes. Do not go underneath a bridge or overpass, because this is extremely dangerous.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/catastrophe-insurance/tornado-coverage/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Are You Insured for a Tornado?','','publish','closed','closed','','are-you-insured-for-a-tornado','','','2020-12-18 22:56:47','2020-12-18 22:56:47','',0,'http://smartinsurance.tips/?page_id=1197',0,'page','',0),(1173,1,'2020-12-18 19:50:24','2020-12-18 19:50:24','','Untitled_Clipping_121920_035020_AM','','inherit','open','closed','','untitled_clipping_121920_035020_am','','','2020-12-18 19:50:24','2020-12-18 19:50:24','',0,'http://smartinsurance.tips/wp-content/uploads/2020/12/Untitled_Clipping_121920_035020_AM.jpg',0,'attachment','image/jpeg',0),(1175,1,'2020-12-18 19:57:23','2020-12-18 19:57:23','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Boat Insurance 101</strong></span></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/My-Post-1-1024x536.png\" width=\"1024\" height=\"536\" alt=\"\" class=\"wp-image-1178 aligncenter size-large\" /></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">What is boat insurance?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance covers you in the event of a loss or damage to your boat. It covers most watercrafts with motors, including fishing boats, pontoon boats, paddle boats, leisure crafts and yachts. Boat insurance does not usually cover canoes, kayaks or personal watercrafts (PWC).</span></p>\n<p><span style=\"color: #000000;\">For small watercrafts, you may find some limited coverage under your homeowners policy. You may also be able to add a special endorsement or buy separate coverage.</span></p>\n<h3><span style=\"color: #000000;\">What does boat insurance cover?</span></h3>\n<p><span style=\"color: #000000;\">Your boat insurance policy may include the following:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Collision damage</strong>: Includes repair or replacement of your boat, but may or may not include clean-up of wreckage unless you purchase optional additional coverage.</span></li>\n<li><span style=\"color: #000000;\"><strong>Property damage liability</strong>: Covers damage you might cause to someone else’s boat, a dock, or other property or structures.</span></li>\n<li><span style=\"color: #000000;\"><strong>Bodily injury liability</strong>: Covers injury you might cause someone while using your boat; includes medical bills, lost income, pain and suffering, and legal expenses.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive</strong>: Provides compensation if your boat is vandalized, stolen, or damaged in an incident other than a collision.</span></li>\n<li><span style=\"color: #000000;\"><strong>Additional coverage options</strong>: Coverage for medical payments, fishing equipment, oil spills, personal property and roadside assistance, as well as damage and injuries from accidents caused by boaters who are uninsured or underinsured.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">The amount of compensation you receive for a claim depends on a few things, including your deductibles, limits, and whether your boater’s insurance covers your boat’s actual cash value, replacement cost, or agreed-upon value.</span></p>\n<h3><span style=\"color: #000000;\">How does boat insurance work?</span></h3>\n<p><span style=\"color: #000000;\">When you buy boat insurance, you must decide on the amount of coverage you need for your boat, the deductible (maximum out-of-pocket expense per claim) and the types of coverage you need. </span></p>\n<p><span style=\"color: #000000;\">If you have an accident, experience a theft, or have another loss that is covered under your policy, you can file a claim and receive a payment covering the loss.</span></p>\n<p><span style=\"color: #000000;\">If you were in an accident with another boat that caused serious damage to your vessel, one of the following things would most likely occur, depending upon the insurance coverage you and the other boater have and the laws in your state:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">If you were at fault, your boat liability insurance would cover the damage up to the limits of the policy.</span></li>\n<li><span style=\"color: #000000;\">If the other boater was at fault, their coverage would pay for your damage, up to the limits of their policy.</span></li>\n<li><span style=\"color: #000000;\">If the other boater was at fault, but did not have boat insurance, or did not have enough to cover your expenses, uninsured/underinsured boaters coverage could cover the damage (if you had that coverage in place).</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">How much does boat insurance cost?</span></h3>\n<p><span style=\"color: #000000;\">The cost of boat insurance varies depending on:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">The state you live in</span></li>\n<li><span style=\"color: #000000;\">The type, size, and age of the boat you wish to insure</span></li>\n<li><span style=\"color: #000000;\">The size of the motor and how it is powered</span></li>\n<li><span style=\"color: #000000;\">Whether you are using it on inland waters or the open seas</span></li>\n<li><span style=\"color: #000000;\">Whether you have selected additional coverage options</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">In general, boat insurance can range anywhere from as little as $200 to as much as $500 per year.</span></p>\n<p><span style=\"color: #000000;\">Insurance companies also offer a number of discounts. These discounts can give you a price break under certain situations. You may be able to receive a lay-up discount if you don’t use the boat year-round, or a discount for boating in fresh water instead of salt water.</span></p>\n<p><span style=\"color: #000000;\">You may also qualify for discounts if you’ve taken a boating safety course, or a good driving discount if your boating record is unblemished.</span></p>\n<h3><span style=\"color: #000000;\">Is boat insurance required?</span></h3>\n<p><span style=\"color: #000000;\">Boaters often want to know whether they have to carry boat insurance to enjoy the water. The answer is that boat insurance can be required for a variety of reasons. Some states require that you have liability coverage. </span></p>\n<p><span style=\"color: #000000;\">Marinas may require you to have boat insurance in order to dock your boat there. Additionally, if you take out a loan to buy a boat, the lender will most likely require that you purchase boaters insurance.</span></p>\n<h3><span style=\"color: #000000;\">How much boat insurance do I need?</span></h3>\n<p><span style=\"color: #000000;\">The amount of boat insurance you need depends on a number of factors, including the boat’s value, motor size, age, and how you use it. If you have a brand-new high-performance speed boat, you will need more coverage for bodily injury and property damage liability than if you buy a pleasure cruiser.</span></p>\n<p><span style=\"color: #000000;\">Insurance professionals recommend buying at least $1,000,000 in liability insurance, and even more if you have a fast, powerful boat that is both riskier and can cause more damage.</span></p>\n<p><span style=\"color: #000000;\">For uninsured/underinsured motorist coverage, a typical minimum is $10,000. However, the amount you purchase should reflect the potential injuries and damage you may need to cover if you or one of your passengers is seriously hurt, or your vessel is damaged.</span></p>\n<p><span style=\"color: #000000;\">Your other coverage amounts, including collision coverage and comprehensive coverage, should be based specifically on the value of your boat.</span></p>\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover passengers?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance covers boat passengers as well as the owner in an accident. Passengers on the boat are covered under the liability portion of the boater’s policy. </span></p>\n<p><span style=\"color: #000000;\">However, depending on the policy, this may or may not extend to water skiers you are pulling behind the boat. Be sure to work with a knowledgeable professional who can help evaluate your needs and risks.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover theft?</span></h3>\n<p><span style=\"color: #000000;\">Comprehensive boat insurance covers the theft of the boat itself. Personal possessions carried in the boat may or may not be covered, depending on the policy. Therefore, you should carefully review the comprehensive coverage of your policy to determine exactly what is and is not covered. </span></p>\n<p><span style=\"color: #000000;\">If you plan to carry expensive fishing equipment or other items of value, you can purchase one or more additional riders, or policy endorsement, to cover those assets.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover hurricanes?</span></h3>\n<p><span style=\"color: #000000;\">Depending on the insurance company and structure of your policy, boat insurance may or may not cover hurricane damage. If tropical storms, hurricanes, tornadoes or windstorms are a concern where you live or travel with your boat, ask your agent about storm damage coverage for your watercraft.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover engine damage?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance sometimes covers engine damage. This varies from company to company, as well as by policy. Some insurance companies have machinery damage exclusions while others do not; it often depends on the age of the motor. Reimbursement may include replacement cost or be subject to depreciation.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover me if I hit a rock?</span></h3>\n<p><span style=\"color: #000000;\">If you have comprehensive insurance or property damage coverage built into your policy, your boat insurance will cover collision with rocks, logs, and other marine obstacles.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover a blown engine?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance covers a blown engine under some circumstances. Check that with the insurance company issuing the policy. Many policies will cover a blown engine when the cause is a manufacturer’s defect, but not if is due to normal wear and tear.</span></p>\n<p><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/boat-insurance/coverage-faq/\">click here</a><span style=\"color: #000000;\">.</span></span></p>\n</div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Boat Insurance 101','','publish','closed','closed','','boat-insurance-101','','','2020-12-18 20:08:46','2020-12-18 20:08:46','',0,'http://smartinsurance.tips/?page_id=1175',0,'page','',0),(1176,1,'2020-12-18 19:57:23','2020-12-18 19:57:23','<!-- wp:divi/placeholder /-->','Boat Insurance 101','','inherit','closed','closed','','1175-revision-v1','','','2020-12-18 19:57:23','2020-12-18 19:57:23','',1175,'http://smartinsurance.tips/1175-revision-v1/',0,'revision','',0),(1205,1,'2020-12-22 16:33:31','2020-12-22 16:33:31','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>ATV Insurance 101</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"> <img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/My-Post-6-1024x536.png\" width=\"1024\" height=\"536\" alt=\"\" class=\"wp-image-1204 aligncenter size-large\" /></span><span style=\"font-size: 14px; text-align: justify;\"> </span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">What Does ATV Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">ATV insurance can protect your finances in the event of loss, damage, an accident, injury or theft of your vehicle.  Here are some details:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Liability coverage</strong> will cover the costs of bodily injury and property damage up to a determined amount if you cause an accident.  It will also cover the cost of your legal fees if you are sued.</span></li>\n<li><span style=\"color: #000000;\"><strong>Collision coverage</strong> will pay for repairs to your damaged ATV after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive coverage</strong> is optional, and will provide protection if your ATV is stolen, damaged by fire, vandalism, or severe weather.</span></li>\n<li><span style=\"color: #000000;\"><strong>Uninsured/underinsured motorist coverage</strong>, also optional, will help cover your costs if another rider causes and accident, and does not have the insurance to pay for your expenses.</span></li>\n</ul>\n<h3><span style=\"color: #000000;\">How Does ATV Insurance Work?</span></h3>\n<p><span style=\"color: #000000;\">ATV insurance works similarly to auto insurance. Because ATVs can be risky – for the riders, passengers and those around them – your ATV insurance is designed to help cover the costs associated with a mishap or incident, as well as theft.</span></p>\n<p><span style=\"color: #000000;\">ATV insurance helps you recover financially so that the cost of repairs, injuries and even lawsuits do not end up costing you more than you can manage out of pocket.</span></p>\n<p><span style=\"color: #000000;\">If you are in an accident that results in injuries or damages, your insurance agent can help you get compensation and start the claims process.  First, supply any available documentation or photos of what occurred.</span></p>\n<p><span style=\"color: #000000;\">An adjuster will review the damage and determine your compensation based on the amount of coverage, the type of loss, and your deductible.</span></p>\n<h3><span style=\"color: #000000;\">How Much Does ATV Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">ATVs and their riders are different, so it is very difficult guess what your particular premium cost will be.</span></p>\n<p><span style=\"color: #000000;\">There are many factors that go into a premium – driving record, top speed of the ATV, how often it is used (do you drive it around on your ranch every day, take it out on weekends or just during the summer months?), your credit history, the ages of the allowed drivers, your age, gender, etc.</span></p>\n<p><span style=\"color: #000000;\">Virtually every state has different standards of insurance coverage for ATV owners.</span></p>\n<div class=\"mx-lg-n4 mx-xl-n5\">\n<h3><span style=\"color: #000000;\">Is ATV Insurance Required?</span></h3>\n<p><span style=\"color: #000000;\">Unlike auto insurance, not all states require that you carry insurance on your ATV. However, many states do require some coverage if you are using your ATV on public land, in state parks or in public parks. Additionally, you may be required to purchase certain coverage if you are financing your all-terrain vehicle.</span></p>\n<p><span style=\"color: #000000;\">Be sure to check if the state where you live and the locations where you plan to use your vehicle require ATV insurance. Be aware that if you are uninsured and get into an accident, you may be liable for all damages and/or injuries incurred. So while ATV insurance is often not required, it can be a wise investment.</span></p>\n<h3><span style=\"color: #000000;\">How Much ATV Insurance Do I Need?</span></h3>\n<p><span style=\"color: #000000;\">There are many factors that go into determining how much ATV insurance is adequate. Every ATV is different, and every driver is different.</span></p>\n<p><span style=\"color: #000000;\">How you use your vehicle is a good indicator of how much ATV insurance you should have – for example, whether you use it for dune riding where visibility is good, or back woods riding where trees and hillsides can obstruct your view.</span></p>\n<p><span style=\"color: #000000;\">Additionally, the value of your ATV, the value of the assets you want to protect in case of a liability claim against you, and how much risk you take while riding can all be indicators of how much ATV insurance you need.</span></p>\n<p><span style=\"color: #000000;\">To get help evaluating what coverage makes sense for your unique needs, contact an agent in the Trusted Choice network. These agents advocate for the consumer, which means your agent will provide information and ATV insurance quotes.</span></p>\n<h3><span style=\"color: #000000;\">Does ATV Insurance Cover Riders and Passengers?</span></h3>\n<p><span style=\"color: #000000;\">While some families have a set of ATVs, others share a vehicle or two and even lend them to friends. If you ride with a family member or bring passengers along on your ATV, you may wonder whether passengers are covered.</span></p>\n<p><span style=\"color: #000000;\">ATV insurance typically does cover your vehicle and any riders, provided that those operating the vehicle are at least 16 years old and possess a valid driver’s license. </span></p>\n<p><span style=\"color: #000000;\">In most cases, your ATV coverage extends past you and covers your vehicle whenever it is taken out for a spin by a licensed driver. Be sure to review your coverage carefully with your agent so you know what is and is not covered under your policy.</span></p>\n<p>&nbsp;</p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/atv-insurance/coverage-faq/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','ATV Insurance 101','','inherit','closed','closed','','1170-revision-v1','','','2020-12-22 16:33:31','2020-12-22 16:33:31','',1170,'http://smartinsurance.tips/1170-revision-v1/',0,'revision','',0),(1174,1,'2020-12-18 19:54:21','2020-12-18 19:54:21','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>ATV Insurance 101</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/Untitled_Clipping_121920_035020_AM-1024x529.jpg\" width=\"1024\" height=\"529\" alt=\"\" class=\"wp-image-1173 aligncenter size-large\" /></span></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><span style=\"font-size: 14px; text-align: justify;\"> </span></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">What Does ATV Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">ATV insurance can protect your finances in the event of loss, damage, an accident, injury or theft of your vehicle.  Here are some details:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Liability coverage</strong> will cover the costs of bodily injury and property damage up to a determined amount if you cause an accident.  It will also cover the cost of your legal fees if you are sued.</span></li>\n<li><span style=\"color: #000000;\"><strong>Collision coverage</strong> will pay for repairs to your damaged ATV after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive coverage</strong> is optional, and will provide protection if your ATV is stolen, damaged by fire, vandalism, or severe weather.</span></li>\n<li><span style=\"color: #000000;\"><strong>Uninsured/underinsured motorist coverage</strong>, also optional, will help cover your costs if another rider causes and accident, and does not have the insurance to pay for your expenses.</span></li>\n</ul>\n<h3><span style=\"color: #000000;\">How Does ATV Insurance Work?</span></h3>\n<p><span style=\"color: #000000;\">ATV insurance works similarly to auto insurance. Because ATVs can be risky – for the riders, passengers and those around them – your ATV insurance is designed to help cover the costs associated with a mishap or incident, as well as theft.</span></p>\n<p><span style=\"color: #000000;\">ATV insurance helps you recover financially so that the cost of repairs, injuries and even lawsuits do not end up costing you more than you can manage out of pocket.</span></p>\n<p><span style=\"color: #000000;\">If you are in an accident that results in injuries or damages, your insurance agent can help you get compensation and start the claims process.  First, supply any available documentation or photos of what occurred.</span></p>\n<p><span style=\"color: #000000;\">An adjuster will review the damage and determine your compensation based on the amount of coverage, the type of loss, and your deductible.</span></p>\n<h3><span style=\"color: #000000;\">How Much Does ATV Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">ATVs and their riders are different, so it is very difficult guess what your particular premium cost will be.</span></p>\n<p><span style=\"color: #000000;\">There are many factors that go into a premium – driving record, top speed of the ATV, how often it is used (do you drive it around on your ranch every day, take it out on weekends or just during the summer months?), your credit history, the ages of the allowed drivers, your age, gender, etc.</span></p>\n<p><span style=\"color: #000000;\">Virtually every state has different standards of insurance coverage for ATV owners.</span></p>\n<div class=\"mx-lg-n4 mx-xl-n5\">\n<h3><span style=\"color: #000000;\">Is ATV Insurance Required?</span></h3>\n<p><span style=\"color: #000000;\">Unlike auto insurance, not all states require that you carry insurance on your ATV. However, many states do require some coverage if you are using your ATV on public land, in state parks or in public parks. Additionally, you may be required to purchase certain coverage if you are financing your all-terrain vehicle.</span></p>\n<p><span style=\"color: #000000;\">Be sure to check if the state where you live and the locations where you plan to use your vehicle require ATV insurance. Be aware that if you are uninsured and get into an accident, you may be liable for all damages and/or injuries incurred. So while ATV insurance is often not required, it can be a wise investment.</span></p>\n<h3><span style=\"color: #000000;\">How Much ATV Insurance Do I Need?</span></h3>\n<p><span style=\"color: #000000;\">There are many factors that go into determining how much ATV insurance is adequate. Every ATV is different, and every driver is different.</span></p>\n<p><span style=\"color: #000000;\">How you use your vehicle is a good indicator of how much ATV insurance you should have – for example, whether you use it for dune riding where visibility is good, or back woods riding where trees and hillsides can obstruct your view.</span></p>\n<p><span style=\"color: #000000;\">Additionally, the value of your ATV, the value of the assets you want to protect in case of a liability claim against you, and how much risk you take while riding can all be indicators of how much ATV insurance you need.</span></p>\n<p><span style=\"color: #000000;\">To get help evaluating what coverage makes sense for your unique needs, contact an agent in the Trusted Choice network. These agents advocate for the consumer, which means your agent will provide information and ATV insurance quotes.</span></p>\n<h3><span style=\"color: #000000;\">Does ATV Insurance Cover Riders and Passengers?</span></h3>\n<p><span style=\"color: #000000;\">While some families have a set of ATVs, others share a vehicle or two and even lend them to friends. If you ride with a family member or bring passengers along on your ATV, you may wonder whether passengers are covered.</span></p>\n<p><span style=\"color: #000000;\">ATV insurance typically does cover your vehicle and any riders, provided that those operating the vehicle are at least 16 years old and possess a valid driver’s license. </span></p>\n<p><span style=\"color: #000000;\">In most cases, your ATV coverage extends past you and covers your vehicle whenever it is taken out for a spin by a licensed driver. Be sure to review your coverage carefully with your agent so you know what is and is not covered under your policy.</span></p>\n<p>&nbsp;</p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/atv-insurance/coverage-faq/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','ATV Insurance 101','','inherit','closed','closed','','1170-revision-v1','','','2020-12-18 19:54:21','2020-12-18 19:54:21','',1170,'http://smartinsurance.tips/1170-revision-v1/',0,'revision','',0),(1183,1,'2020-12-18 22:14:14','2020-12-18 22:14:14','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Finding the Best RV Insurance for You</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/ce2123e7-7968-48fc-bcd3-198e9bd544be/rv-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"RV Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">There\'s been a pretty big shift in the RV (or recreational vehicle) world in the past few years as more and more Gen Xers and Millennials have begun celebrating the traveling home on wheels lifestyle. </span></p>\n<p><span style=\"color: #000000;\">And who can blame them? After all, with an RV, you get all the joys of travel rolled-up tight with the comforts of staying right on your couch. </span></p>\n<h4><span style=\"color: #000000;\">Share of Americans planning to buy an RV (motorhome) in the next 12 months as of 2018, by age</span></h4>\n<figure data-asset-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" data-image-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/7b823dba-7bd8-4865-9abd-4a4131187fcd/share-of-americans-who-plan-to-buy-a-rv-motor-home-2018-by-age.jpg\" data-asset-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" data-image-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" alt=\"\" /></span></figure>\n<p><span style=\"color: #000000;\">But before you go all-in and invest in your very own RV, you\'ll want to make sure you\'re set up with the right insurance coverage to protect you from any potential hazards of the road. </span></p>\n<h3><span style=\"color: #000000;\">Types of RVs and Motorhomes</span></h3>\n<p><span style=\"color: #000000;\">Before you can find out what type of insurance you need, you need to know how your vehicle is classified. So which is it:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\"><strong>Class A motorhomes</strong><strong>:</strong> Largest RVs on the road – a home on wheels</span></li>\n<li><span style=\"color: #000000;\"><strong>Class B motorhomes</strong><strong>: </strong>The small RVs – a van with amenities</span></li>\n<li><span style=\"color: #000000;\"><strong>Class C motorhomes</strong><strong>: </strong>Midsize models, sometimes called mini-motorhomes</span></li>\n<li><span style=\"color: #000000;\"><strong>Motorhome bus conversion</strong><strong>: </strong>A bus converted to an RV</span></li>\n<li><span style=\"color: #000000;\"><strong>Travel trailers</strong><strong>: </strong>Towable motorhomes typically attached by a trailer hitch</span></li>\n<li><span style=\"color: #000000;\"><strong>Fifth wheels</strong><strong>: </strong>Towable motorhomes attached to a truck with a fifth-wheel hitch</span></li>\n<li><span style=\"color: #000000;\"><strong>Truck campers</strong><strong>: </strong>Add-on campers attached to a truck bed</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">When you talk to your agent, this will be where you start. And once they\'ve established what your main goals are with your RV, you can move on to the coverages you need.</span></p>\n<h3><span style=\"color: #000000;\">Why Do I Need RV Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Your RV is pretty much a combo of your home and your car. And despite being on wheels, it still includes homey comforts like a bed, dishes, a TV, and even a fridge. That means your policy coverage needs to be a bit more extensive, to reflect the protection you need. Think of it kinda like this:</span></p>\n<figure data-asset-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" data-image-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/693d34bb-6d16-40fc-b39a-639974f50212/rv-venn-graphic.png\" data-asset-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" data-image-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" alt=\"Why Do I Need RV Insurance?\" /></span></figure>\n<p><span style=\"color: #000000;\">Now, you most likely financed your RV through a bank. And more often than not, the lender will require insurance for your RV in order to finalize the deal and protect their investment in you. So in this case, it is mandatory.</span></p>\n<p><span style=\"color: #000000;\">Beyond that, most US states require a liability policy at an absolute minimum to cover any property damage, medical costs, or legal fees that come along with an accident. </span></p>\n<p><span style=\"color: #000000;\">Several states go even further, requiring uninsured/underinsured motorist coverage in case you\'re hit by another driver who doesn’t have insurance, or doesn\'t have enough to pay for the damage. </span></p>\n<p><span style=\"color: #000000;\">Just now, required or not, proper coverage is always recommended. After all, you never know what type of incidents you\'ll encounter out on the road. And without the right protection in place, you\'ll be paying it all out of pocket.</span></p>\n<h3><span style=\"color: #000000;\">What Does RV Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">Your RV insurance policy can cover a number of situations. In most cases, your coverage limits are typically up to you, with the exception of areas that have already put legal minimums in place. </span></p>\n<p><span style=\"color: #000000;\">For convenience, some RV owners just add coverage to their personal auto policy (PAP). But beware, this can leave a significant number of coverage gaps in your personal property and liability. It’s recommended you have a higher limit on your coverage that\'s more inclusive of the specific incidents that occur with RVs.</span></p>\n<p><span style=\"color: #000000;\">One big factor in deciding the type of coverage you need is how you plan on using it. If you only use your RV occasionally for seasonal trips or as a permanent residence without moving it, you probably don\'t need a lot of protection. </span></p>\n<p><span style=\"color: #000000;\">But if you\'re constantly traveling the roads, you\'ll need specialized coverage called full-timers coverage (See below.) </span></p>\n<p><span style=\"color: #000000;\">Now that we have that established, let’s start with some standard coverage options available:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Liability insurance</strong><strong>: </strong>Covers the costs associated with any injuries or property damage you\'re responsible for due to an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Collision</strong><strong>: </strong>Covers the costs to repair or replace your damaged or destroyed vehicle after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive</strong><strong>: </strong>Formally known as \"other than collision,\" this portion of your policy covers damage to your vehicle from things like theft and weather damage.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal injury protection/medical payments</strong><strong>: </strong>Pays medical bills and other expenses whether you’re at fault or not</span></li>\n<li><span style=\"color: #000000;\"><strong>Uninsured/underinsured motorists</strong><strong>: </strong>Protects you financially if the other driver doesn’t have any car insurance or not enough to pay for all expenses.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Additional coverage options can include the following:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Total loss replacement: </strong>Pays to replace your RV in the event of a total loss. This is usually only available for brand-new RVs that have never had a previous owner. </span></li>\n<li><span style=\"color: #000000;\"><strong>Physical damage coverage: </strong>Covers physical damage or theft.</span></li>\n<li><span style=\"color: #000000;\"><strong>Pet injury coverage: </strong>Covers vet fees for an injury to an animal or replacement costs for death.</span></li>\n<li><span style=\"color: #000000;\"><strong>Towing and roadside assistance: </strong>Covers the cost for a professional to help fix covered problems or to tow your vehicle to a repair shop.</span></li>\n<li><span style=\"color: #000000;\"><strong>Attached accessories: </strong>Coverage helps to repair or replace things like antennas and awnings.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal effects coverage: </strong>Covers personal property like dishes and sporting equipment.</span></li>\n<li><span style=\"color: #000000;\"><strong>Vacation liability: </strong>Covers the cost of bodily injury or property damage that occurs when the RV is being used as a temporary residence.</span></li>\n</ul>\n<figure data-asset-id=\"d9806283-bb20-4838-8829-889697190c0b\" data-image-id=\"d9806283-bb20-4838-8829-889697190c0b\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/8fe04304-9f0d-433d-870e-c056211e3efc/what-does-rv-insurance-cover.png\" data-asset-id=\"d9806283-bb20-4838-8829-889697190c0b\" data-image-id=\"d9806283-bb20-4838-8829-889697190c0b\" alt=\"What does RV insurance cover?\" /></span></figure>\n<p><span style=\"color: #000000;\">For full-timers, though, coverage options will typically have higher liability limits similar to a homeowners policy. Options can include:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Full-timers personal liability</span></li>\n<li><span style=\"color: #000000;\">Full-timers medical payments coverage</span></li>\n<li><span style=\"color: #000000;\">Full-timers loss assessment coverage</span></li>\n<li><span style=\"color: #000000;\">Full-timers secured storage contents coverage</span></li>\n</ul>\n</div>\n</div>\n<h4><span style=\"color: #000000;\">Miscellaneous Coverage Features</span></h4>\n<p><span style=\"color: #000000;\">Policies can carry a number of different coverages, which can typically be added through an endorsement. An insurance endorsement is an addition to your insurance contract that provides unique coverage not listed in your original policy and can include:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Emergency expense</span></li>\n<li><span style=\"color: #000000;\">Rental reimbursement</span></li>\n<li><span style=\"color: #000000;\">Miscellaneous vehicles</span></li>\n<li><span style=\"color: #000000;\">Loan/Lease payoff</span></li>\n<li><span style=\"color: #000000;\">Coverage suspension</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">How Much Does RV Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">Because no two RVs and their drivers are the same, no two policies are the same. Which means it\'s impossible to say exactly what your RV insurance will cost. </span></p>\n<p><span style=\"color: #000000;\">But basically, your RV or motorhome insurance premiums will depend on the type of coverage you choose, your state’s requirements, and a few other key factors, like: </span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Where you travel:</strong> A full-timer will need different coverage than a recreational motorist. How far you travel and where also matters, since areas with more risk will need additional protections.</span></li>\n<li><span style=\"color: #000000;\"><strong>What you ride:</strong> The type of motorhome you\'re driving will make a big difference, too. A truck camper or travel trailer doesn’t have the same luxe amenities as a Class A motorhome, so it’s usually cheaper to repair or replace after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>How you ride:</strong> Your driving history is important. It tells an insurance company whether you\'re a risk-taker or a more cautious driver. If your driving record is full of traffic tickets and accidents, you’ll be considered higher-risk and typically pay higher premiums.</span></li>\n</ul>\n<figure data-asset-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" data-image-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/6c5e461c-2cf9-495b-8b8e-c644fc4cc11b/3-factors-determine-rv-premiums.png\" data-asset-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" data-image-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" alt=\"\" /></span></figure>\n<h3><span style=\"color: #000000;\">Get Lower Rates When You Bundle Your RV Insurance</span></h3>\n<p><span style=\"color: #000000;\">Unless you live completely out of your RV, you\'ll most likely already have multiple insurance policies—from your car, to your home, or maybe even your boat. </span></p>\n<p><span style=\"color: #000000;\">If you take those existing policies and bundle them with your RV policy, you should get a nice little discount, because your carrier appreciates all your business in one place. Not to mention it\'s much easier to have all your coverages in one place.</span></p>\n<div class=\"mx-lg-n4 mx-xl-n5\">\n<p>&nbsp;</p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/rv-insurance/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best RV Insurance for You','','publish','closed','closed','','finding-the-best-rv-insurance-for-you','','','2020-12-18 22:21:30','2020-12-18 22:21:30','',0,'http://smartinsurance.tips/?page_id=1183',0,'page','',0),(1184,1,'2020-12-18 22:14:14','2020-12-18 22:14:14','<!-- wp:divi/placeholder /-->','Finding the Best RV Insurance for You','','inherit','closed','closed','','1183-revision-v1','','','2020-12-18 22:14:14','2020-12-18 22:14:14','',1183,'http://smartinsurance.tips/1183-revision-v1/',0,'revision','',0),(1198,1,'2020-12-18 22:41:25','2020-12-18 22:41:25','<!-- wp:divi/placeholder /-->','Are You Insured for a Tornado?','','inherit','closed','closed','','1197-revision-v1','','','2020-12-18 22:41:25','2020-12-18 22:41:25','',1197,'http://smartinsurance.tips/1197-revision-v1/',0,'revision','',0),(1181,1,'2020-12-18 20:06:32','2020-12-18 20:06:32','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Boat Insurance 101</strong></span></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/My-Post-1-1024x536.png\" width=\"1024\" height=\"536\" alt=\"\" class=\"wp-image-1178 aligncenter size-large\" /></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">What is boat insurance?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance covers you in the event of a loss or damage to your boat. It covers most watercrafts with motors, including fishing boats, pontoon boats, paddle boats, leisure crafts and yachts. Boat insurance does not usually cover canoes, kayaks or personal watercrafts (PWC).</span></p>\n<p><span style=\"color: #000000;\">For small watercrafts, you may find some limited coverage under your homeowners policy. You may also be able to add a special endorsement or buy separate coverage.</span></p>\n<h3><span style=\"color: #000000;\">What does boat insurance cover?</span></h3>\n<p><span style=\"color: #000000;\">Your boat insurance policy may include the following:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Collision damage</strong>: Includes repair or replacement of your boat, but may or may not include clean-up of wreckage unless you purchase optional additional coverage.</span></li>\n<li><span style=\"color: #000000;\"><strong>Property damage liability</strong>: Covers damage you might cause to someone else’s boat, a dock, or other property or structures.</span></li>\n<li><span style=\"color: #000000;\"><strong>Bodily injury liability</strong>: Covers injury you might cause someone while using your boat; includes medical bills, lost income, pain and suffering, and legal expenses.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive</strong>: Provides compensation if your boat is vandalized, stolen, or damaged in an incident other than a collision.</span></li>\n<li><span style=\"color: #000000;\"><strong>Additional coverage options</strong>: Coverage for medical payments, fishing equipment, oil spills, personal property and roadside assistance, as well as damage and injuries from accidents caused by boaters who are uninsured or underinsured.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">The amount of compensation you receive for a claim depends on a few things, including your deductibles, limits, and whether your boater’s insurance covers your boat’s actual cash value, replacement cost, or agreed-upon value.</span></p>\n<h3><span style=\"color: #000000;\">How does boat insurance work?</span></h3>\n<p><span style=\"color: #000000;\">When you buy boat insurance, you must decide on the amount of coverage you need for your boat, the deductible (maximum out-of-pocket expense per claim) and the types of coverage you need. </span></p>\n<p><span style=\"color: #000000;\">If you have an accident, experience a theft, or have another loss that is covered under your policy, you can file a claim and receive a payment covering the loss.</span></p>\n<p><span style=\"color: #000000;\">If you were in an accident with another boat that caused serious damage to your vessel, one of the following things would most likely occur, depending upon the insurance coverage you and the other boater have and the laws in your state:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">If you were at fault, your boat liability insurance would cover the damage up to the limits of the policy.</span></li>\n<li><span style=\"color: #000000;\">If the other boater was at fault, their coverage would pay for your damage, up to the limits of their policy.</span></li>\n<li><span style=\"color: #000000;\">If the other boater was at fault, but did not have boat insurance, or did not have enough to cover your expenses, uninsured/underinsured boaters coverage could cover the damage (if you had that coverage in place).</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">How much does boat insurance cost?</span></h3>\n<p><span style=\"color: #000000;\">The cost of boat insurance varies depending on:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">The state you live in</span></li>\n<li><span style=\"color: #000000;\">The type, size, and age of the boat you wish to insure</span></li>\n<li><span style=\"color: #000000;\">The size of the motor and how it is powered</span></li>\n<li><span style=\"color: #000000;\">Whether you are using it on inland waters or the open seas</span></li>\n<li><span style=\"color: #000000;\">Whether you have selected additional coverage options</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">In general, boat insurance can range anywhere from as little as $200 to as much as $500 per year.</span></p>\n<p><span style=\"color: #000000;\">Insurance companies also offer a number of discounts. These discounts can give you a price break under certain situations. You may be able to receive a lay-up discount if you don’t use the boat year-round, or a discount for boating in fresh water instead of salt water.</span></p>\n<p><span style=\"color: #000000;\">You may also qualify for discounts if you’ve taken a boating safety course, or a good driving discount if your boating record is unblemished.</span></p>\n<h3><span style=\"color: #000000;\">Is boat insurance required?</span></h3>\n<p><span style=\"color: #000000;\">Boaters often want to know whether they have to carry boat insurance to enjoy the water. The answer is that boat insurance can be required for a variety of reasons. Some states require that you have liability coverage. </span></p>\n<p><span style=\"color: #000000;\">Marinas may require you to have boat insurance in order to dock your boat there. Additionally, if you take out a loan to buy a boat, the lender will most likely require that you purchase boaters insurance.</span></p>\n<h3><span style=\"color: #000000;\">How much boat insurance do I need?</span></h3>\n<p><span style=\"color: #000000;\">The amount of boat insurance you need depends on a number of factors, including the boat’s value, motor size, age, and how you use it. If you have a brand-new high-performance speed boat, you will need more coverage for bodily injury and property damage liability than if you buy a pleasure cruiser.</span></p>\n<p><span style=\"color: #000000;\">Insurance professionals recommend buying at least $1,000,000 in liability insurance, and even more if you have a fast, powerful boat that is both riskier and can cause more damage.</span></p>\n<p><span style=\"color: #000000;\">For uninsured/underinsured motorist coverage, a typical minimum is $10,000. However, the amount you purchase should reflect the potential injuries and damage you may need to cover if you or one of your passengers is seriously hurt, or your vessel is damaged.</span></p>\n<p><span style=\"color: #000000;\">Your other coverage amounts, including collision coverage and comprehensive coverage, should be based specifically on the value of your boat.</span></p>\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover passengers?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance covers boat passengers as well as the owner in an accident. Passengers on the boat are covered under the liability portion of the boater’s policy. </span></p>\n<p><span style=\"color: #000000;\">However, depending on the policy, this may or may not extend to water skiers you are pulling behind the boat. Be sure to work with a knowledgeable professional who can help evaluate your needs and risks.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover theft?</span></h3>\n<p><span style=\"color: #000000;\">Comprehensive boat insurance covers the theft of the boat itself. Personal possessions carried in the boat may or may not be covered, depending on the policy. Therefore, you should carefully review the comprehensive coverage of your policy to determine exactly what is and is not covered. </span></p>\n<p><span style=\"color: #000000;\">If you plan to carry expensive fishing equipment or other items of value, you can purchase one or more additional riders, or policy endorsement, to cover those assets.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover hurricanes?</span></h3>\n<p><span style=\"color: #000000;\">Depending on the insurance company and structure of your policy, boat insurance may or may not cover hurricane damage. If tropical storms, hurricanes, tornadoes or windstorms are a concern where you live or travel with your boat, ask your agent about storm damage coverage for your watercraft.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover engine damage?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance sometimes covers engine damage. This varies from company to company, as well as by policy. Some insurance companies have machinery damage exclusions while others do not; it often depends on the age of the motor. Reimbursement may include replacement cost or be subject to depreciation.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover me if I hit a rock?</span></h3>\n<p><span style=\"color: #000000;\">If you have comprehensive insurance or property damage coverage built into your policy, your boat insurance will cover collision with rocks, logs, and other marine obstacles.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover a blown engine?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance covers a blown engine under some circumstances. Check that with the insurance company issuing the policy. Many policies will cover a blown engine when the cause is a manufacturer’s defect, but not if is due to normal wear and tear.</span></p>\n<p><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/boat-insurance/coverage-faq/\">click here</a><span style=\"color: #000000;\">.</span></span></p>\n</div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Boat Insurance 101','','inherit','closed','closed','','1175-revision-v1','','','2020-12-18 20:06:32','2020-12-18 20:06:32','',1175,'http://smartinsurance.tips/1175-revision-v1/',0,'revision','',0),(1179,1,'2020-12-18 20:05:24','2020-12-18 20:05:24','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Boat Insurance 101</strong></span></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/My-Post-1-1024x536.png\" width=\"1024\" height=\"536\" alt=\"\" class=\"wp-image-1178 aligncenter size-large\" /></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">What is boat insurance?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance covers you in the event of a loss or damage to your boat. It covers most watercrafts with motors, including fishing boats, pontoon boats, paddle boats, leisure crafts and yachts. Boat insurance does not usually cover canoes, kayaks or personal watercrafts (PWC).</span></p>\n<p><span style=\"color: #000000;\">For small watercrafts, you may find some limited coverage under your homeowners policy. You may also be able to add a special endorsement or buy separate coverage. Contact an independent agent for assistance with all of your boat coverage.</span></p>\n<h3><span style=\"color: #000000;\">What does boat insurance cover?</span></h3>\n<p><span style=\"color: #000000;\">Your boat insurance policy may include the following:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Collision damage</strong>: Includes repair or replacement of your boat, but may or may not include clean-up of wreckage unless you purchase optional additional coverage.</span></li>\n<li><span style=\"color: #000000;\"><strong>Property damage liability</strong>: Covers damage you might cause to someone else’s boat, a dock, or other property or structures.</span></li>\n<li><span style=\"color: #000000;\"><strong>Bodily injury liability</strong>: Covers injury you might cause someone while using your boat; includes medical bills, lost income, pain and suffering, and legal expenses.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive</strong>: Provides compensation if your boat is vandalized, stolen, or damaged in an incident other than a collision.</span></li>\n<li><span style=\"color: #000000;\"><strong>Additional coverage options</strong>: Coverage for medical payments, fishing equipment, oil spills, personal property and roadside assistance, as well as damage and injuries from accidents caused by boaters who are uninsured or underinsured.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">The amount of compensation you receive for a claim depends on a few things, including your deductibles, limits, and whether your boater’s insurance covers your boat’s actual cash value, replacement cost, or agreed-upon value.</span></p>\n<h3><span style=\"color: #000000;\">How does boat insurance work?</span></h3>\n<p><span style=\"color: #000000;\">When you buy boat insurance, you must decide on the amount of coverage you need for your boat, the deductible (maximum out-of-pocket expense per claim) and the types of coverage you need. </span></p>\n<p><span style=\"color: #000000;\">If you have an accident, experience a theft, or have another loss that is covered under your policy, you can file a claim and receive a payment covering the loss.</span></p>\n<p><span style=\"color: #000000;\">If you were in an accident with another boat that caused serious damage to your vessel, one of the following things would most likely occur, depending upon the insurance coverage you and the other boater have and the laws in your state:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">If you were at fault, your boat liability insurance would cover the damage up to the limits of the policy.</span></li>\n<li><span style=\"color: #000000;\">If the other boater was at fault, their coverage would pay for your damage, up to the limits of their policy.</span></li>\n<li><span style=\"color: #000000;\">If the other boater was at fault, but did not have boat insurance, or did not have enough to cover your expenses, uninsured/underinsured boaters coverage could cover the damage (if you had that coverage in place).</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">How much does boat insurance cost?</span></h3>\n<p><span style=\"color: #000000;\">The cost of boat insurance varies depending on:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">The state you live in</span></li>\n<li><span style=\"color: #000000;\">The type, size, and age of the boat you wish to insure</span></li>\n<li><span style=\"color: #000000;\">The size of the motor and how it is powered</span></li>\n<li><span style=\"color: #000000;\">Whether you are using it on inland waters or the open seas</span></li>\n<li><span style=\"color: #000000;\">Whether you have selected additional coverage options</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">In general, boat insurance can range anywhere from as little as $200 to as much as $500 per year.</span></p>\n<p><span style=\"color: #000000;\">Insurance companies also offer a number of discounts. These discounts can give you a price break under certain situations. You may be able to receive a lay-up discount if you don’t use the boat year-round, or a discount for boating in fresh water instead of salt water.</span></p>\n<p><span style=\"color: #000000;\">You may also qualify for discounts if you’ve taken a boating safety course, or a good driving discount if your boating record is unblemished. Insurance companies vary in the discounts they offer, so be sure to ask an independent agent to compare quotes and options from multiple carriers on your behalf.</span></p>\n<h3><span style=\"color: #000000;\">Is boat insurance required?</span></h3>\n<p><span style=\"color: #000000;\">Boaters often want to know whether they have to carry boat insurance to enjoy the water. The answer is that boat insurance can be required for a variety of reasons. Some states require that you have liability coverage. </span></p>\n<p><span style=\"color: #000000;\">Marinas may require you to have boat insurance in order to dock your boat there. Additionally, if you take out a loan to buy a boat, the lender will most likely require that you purchase boaters insurance.</span></p>\n<h3><span style=\"color: #000000;\">How much boat insurance do I need?</span></h3>\n<p><span style=\"color: #000000;\">The amount of boat insurance you need depends on a number of factors, including the boat’s value, motor size, age, and how you use it. If you have a brand-new high-performance speed boat, you will need more coverage for bodily injury and property damage liability than if you buy a pleasure cruiser.</span></p>\n<p><span style=\"color: #000000;\">Insurance professionals recommend buying at least $1,000,000 in liability insurance, and even more if you have a fast, powerful boat that is both riskier and can cause more damage.</span></p>\n<p><span style=\"color: #000000;\">For uninsured/underinsured motorist coverage, a typical minimum is $10,000. However, the amount you purchase should reflect the potential injuries and damage you may need to cover if you or one of your passengers is seriously hurt, or your vessel is damaged.</span></p>\n<p><span style=\"color: #000000;\">Your other coverage amounts, including collision coverage and comprehensive coverage, should be based specifically on the value of your boat.</span></p>\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover passengers?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance covers boat passengers as well as the owner in an accident. Passengers on the boat are covered under the liability portion of the boater’s policy. </span></p>\n<p><span style=\"color: #000000;\">However, depending on the policy, this may or may not extend to water skiers you are pulling behind the boat. Be sure to work with a knowledgeable professional who can help evaluate your needs and risks.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover theft?</span></h3>\n<p><span style=\"color: #000000;\">Comprehensive boat insurance covers the theft of the boat itself. Personal possessions carried in the boat may or may not be covered, depending on the policy. Therefore, you should carefully review the comprehensive coverage of your policy to determine exactly what is and is not covered. </span></p>\n<p><span style=\"color: #000000;\">If you plan to carry expensive fishing equipment or other items of value, you can purchase one or more additional riders, or policy endorsement, to cover those assets.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover hurricanes?</span></h3>\n<p><span style=\"color: #000000;\">Depending on the insurance company and structure of your policy, boat insurance may or may not cover hurricane damage. If tropical storms, hurricanes, tornadoes or windstorms are a concern where you live or travel with your boat, ask your agent about storm damage coverage for your watercraft.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover engine damage?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance sometimes covers engine damage. This varies from company to company, as well as by policy. Some insurance companies have machinery damage exclusions while others do not; it often depends on the age of the motor. Reimbursement may include replacement cost or be subject to depreciation.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover me if I hit a rock?</span></h3>\n<p><span style=\"color: #000000;\">If you have comprehensive insurance or property damage coverage built into your policy, your boat insurance will cover collision with rocks, logs, and other marine obstacles.</span></p>\n<h3><span style=\"color: #000000;\">Does boat insurance cover a blown engine?</span></h3>\n<p><span style=\"color: #000000;\">Boat insurance covers a blown engine under some circumstances. Check that with the insurance company issuing the policy. Many policies will cover a blown engine when the cause is a manufacturer’s defect, but not if is due to normal wear and tear.</span></p>\n<p><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/boat-insurance/coverage-faq/\">click here</a><span style=\"color: #000000;\">.</span></span></p>\n</div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Boat Insurance 101','','inherit','closed','closed','','1175-revision-v1','','','2020-12-18 20:05:24','2020-12-18 20:05:24','',1175,'http://smartinsurance.tips/1175-revision-v1/',0,'revision','',0),(1186,1,'2020-12-18 22:18:32','2020-12-18 22:18:32','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Finding the Best RV Insurance for You</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/ce2123e7-7968-48fc-bcd3-198e9bd544be/rv-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"RV Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">There\'s been a pretty big shift in the RV (or recreational vehicle) world in the past few years as more and more Gen Xers and Millennials have begun celebrating the traveling home on wheels lifestyle. </span></p>\n<p><span style=\"color: #000000;\">And who can blame them? After all, with an RV, you get all the joys of travel rolled-up tight with the comforts of staying right on your couch. </span></p>\n<h4><span style=\"color: #000000;\">Share of Americans planning to buy an RV (motorhome) in the next 12 months as of 2018, by age</span></h4>\n<figure data-asset-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" data-image-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/7b823dba-7bd8-4865-9abd-4a4131187fcd/share-of-americans-who-plan-to-buy-a-rv-motor-home-2018-by-age.jpg\" data-asset-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" data-image-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" alt=\"\" /></span></figure>\n<p><span style=\"color: #000000;\">But before you go all-in and invest in your very own RV, you\'ll want to make sure you\'re set up with the right insurance coverage to protect you from any potential hazards of the road. </span></p>\n<p><span style=\"color: #000000;\">And for that, an independent Insurance agent is the perfect asset to have in your corner, helping you shop for the best RV insurance options to get you the perfect coverage and price. But first, there are a few things you\'ll need to know about RV insurance to get you started.</span></p>\n<h3><span style=\"color: #000000;\">Types of RVs and Motorhomes</span></h3>\n<p><span style=\"color: #000000;\">Before you can find out what type of insurance you need, you need to know how your vehicle is classified. So which is it:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\"><strong>Class A motorhomes</strong><strong>:</strong> Largest RVs on the road – a home on wheels</span></li>\n<li><span style=\"color: #000000;\"><strong>Class B motorhomes</strong><strong>: </strong>The small RVs – a van with amenities</span></li>\n<li><span style=\"color: #000000;\"><strong>Class C motorhomes</strong><strong>: </strong>Midsize models, sometimes called mini-motorhomes</span></li>\n<li><span style=\"color: #000000;\"><strong>Motorhome bus conversion</strong><strong>: </strong>A bus converted to an RV</span></li>\n<li><span style=\"color: #000000;\"><strong>Travel trailers</strong><strong>: </strong>Towable motorhomes typically attached by a trailer hitch</span></li>\n<li><span style=\"color: #000000;\"><strong>Fifth wheels</strong><strong>: </strong>Towable motorhomes attached to a truck with a fifth-wheel hitch</span></li>\n<li><span style=\"color: #000000;\"><strong>Truck campers</strong><strong>: </strong>Add-on campers attached to a truck bed</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">When you talk to your agent, this will be where you start. And once they\'ve established what your main goals are with your RV, you can move on to the coverages you need.</span></p>\n<h3><span style=\"color: #000000;\">Why Do I Need RV Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Your RV is pretty much a combo of your home and your car. And despite being on wheels, it still includes homey comforts like a bed, dishes, a TV, and even a fridge. That means your policy coverage needs to be a bit more extensive, to reflect the protection you need. Think of it kinda like this:</span></p>\n<figure data-asset-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" data-image-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/693d34bb-6d16-40fc-b39a-639974f50212/rv-venn-graphic.png\" data-asset-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" data-image-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" alt=\"Why Do I Need RV Insurance?\" /></span></figure>\n<p><span style=\"color: #000000;\">Now, you most likely financed your RV through a bank. And more often than not, the lender will require insurance for your RV in order to finalize the deal and protect their investment in you. So in this case, it is mandatory.</span></p>\n<p><span style=\"color: #000000;\">Beyond that, most US states require a liability policy at an absolute minimum to cover any property damage, medical costs, or legal fees that come along with an accident. </span></p>\n<p><span style=\"color: #000000;\">Several states go even further, requiring uninsured/underinsured motorist coverage in case you\'re hit by another driver who doesn’t have insurance, or doesn\'t have enough to pay for the damage. </span></p>\n<p><span style=\"color: #000000;\">Just now, required or not, proper coverage is always recommended. After all, you never know what type of incidents you\'ll encounter out on the road. And without the right protection in place, you\'ll be paying it all out of pocket.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/rv-insurance/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best RV Insurance for You','','inherit','closed','closed','','1183-revision-v1','','','2020-12-18 22:18:32','2020-12-18 22:18:32','',1183,'http://smartinsurance.tips/1183-revision-v1/',0,'revision','',0),(1193,1,'2020-12-18 22:24:53','2020-12-18 22:24:53','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>A Simple Guide to Buying the House You Rent</strong></span></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/243bebe3-ac3b-4c0f-ace1-214c37be86d0/Blog_home-and-family_buy-the-house-you-rent_blog_header.jpg\" alt=\"A family walks into their rented home.\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><span style=\"font-size: 14px; text-align: justify;\"> </span></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">When Lisa Sanford accepted a job in post-Katrina New Orleans, she was not entirely sure how long she would be staying. She and her husband sold their Birmingham, AL home and began renting a house in Gretna, LA. After a few years, the couple was certain that they wanted to live there long-term and they ended up buying the house they’d been living in.</span></p>\n<p><span style=\"color: #000000;\">If you are currently renting a house and want to stay in it long-term, you may want to do something similar to what Lisa Sanford did.  Home ownership will enable you to start building equity while also permitting you to make and enjoy improvements to the property. Furthermore, although your property taxes may fluctuate a bit, you will no longer need to be concerned about annual rent increases.</span></p>\n<p><span style=\"color: #000000;\">So how do you go about making the transition from renter to owner? The process of buying the house you rent begins with one important step: talking to the home owner. But first, make sure you\'re covered with an affordable home insurance policy.</span></p>\n<h3><span style=\"color: #000000;\">Talk to the Home Owner</span></h3>\n<p><span style=\"color: #000000;\">In some cases, landlords approach their renters. If they are planning to sell the property anyway, they may give their tenants the opportunity to purchase the house before they list it. In such a case, the home owner will likely already have a purchase plan in mind, and you will then have to decide if you are interested.</span></p>\n<p><span style=\"color: #000000;\">Otherwise, you will need to contact the property owner and express your interest in purchasing the house. It is not always easy to convince them, so you may have to come up with a creative and compelling argument as to why making the sale would be in their best interest.  This is what Lisa Sanford had to do.</span></p>\n<p><span style=\"color: #000000;\">“My landlord did not readily accept my offer to buy the house,” states Sanford, “I had to coax him by explaining that I was buying regardless of his decision. He considered the difficulty of preparing the home for a new renter and realized that he would not be able to collect the same rental charges, since post-Katrina prices had normalized. I had to guide him to the decision using those factors.”</span></p>\n<p><span style=\"color: #000000;\">Regardless of who makes an offer first, if your landlord is agreeable to making a sale, you may be able to go about making the transition from renter to owner in one of three ways.</span></p>\n<h3><span style=\"color: #000000;\">Option #1: Purchase the House Immediately</span></h3>\n<p><span style=\"color: #000000;\">If you and your landlord agree on a purchase price and you are able to qualify for a mortgage, you may be able to set about buying the house immediately.  In such a case, your landlord will most likely not employ the services of a real estate agent, which means that you will need to treat this as a For Sale By Owner purchase. Enlisting the services of a real estate attorney can help you be sure that the transaction runs smoothly. </span></p>\n<p><span style=\"color: #000000;\">Amy Fontinelle of Investopedia recommends that you look at other similar properties that are for sale in the same neighborhood or ask to have the house appraised before you agree on a purchase price in order to ensure that you are not being asked to pay too much. Feel free to negotiate.</span></p>\n<p><span style=\"color: #000000;\">Before you jump into a deal like this, be sure that you are fully aware of what your monthly costs will be as a mortgage holder. Remember, in addition to the mortgage principal and interest, you will now be responsible for paying school taxes and other property-based taxes as well as homeowners insurance premiums, which are significantly more expensive than renters insurance premiums. </span></p>\n<p><span style=\"color: #000000;\">Be sure to compare the full cost of home ownership to your current rent payments to make sure that you will not be overwhelmed financially. In some situations your monthly payments may actually be lower than your rent payments, in which case, you are entering into a good deal.</span></p>\n<h3><span style=\"color: #000000;\">Option #2: Enter into a Rent-to-Own Agreement</span></h3>\n<p><span style=\"color: #000000;\">A rent-to-own agreement is a good idea if you do not yet have sufficient money saved up for a down payment. When you enter into a rent-to-own agreement, you will start paying your landlord an additional sum of money each month and this money will go into an escrow account to be used as a down payment after a specified amount of time, typically three to five years. </span></p>\n<p><span style=\"color: #000000;\">Rent-to-own agreements should always be made in writing. Katherine Lewis of MSN Real Estate recommends that both parties work with a real estate attorney when drawing up the agreement contract.</span></p>\n<p><span style=\"color: #000000;\">The downside to rent-to-own agreements is that if circumstances in your life change and you no longer wish to purchase the house, the home owner will be able to keep all the money that you paid toward the down payment. Additionally, if you are unable to qualify for a mortgage after the designated time period, you will also forfeit your down payment money to the landlord. </span></p>\n<p><span style=\"color: #000000;\">Lewis warns “Before you consider a rent-to-own agreement, make sure you understand the possible pitfalls. One misstep and your dream of home ownership could go up in smoke.”</span></p>\n<h3><span style=\"color: #000000;\">Option #3: Enter into a Lease-Option Agreement</span></h3>\n<p><span style=\"color: #000000;\">A lease-option agreement is similar to a rent-to-own agreement with one major difference:  You are under no obligation to buy the property. With a lease-option agreement, you will have a legal option to purchase the property at an agreed-upon price after a given period of time.  </span></p>\n<p><span style=\"color: #000000;\">“This affords more flexibility in case your circumstances change, as circumstances are wont to do,” writes Steve McLinden of <strong>Bankrate</strong>. As with the rent-to-own option, lease-option agreements should always be made in writing. Oral agreements are never binding.</span></p>\n<h3><span style=\"color: #000000;\">Enjoy the Benefits of Home Ownership</span></h3>\n<p><span style=\"color: #000000;\">We believe that everyone should have the opportunity to own their own home, and we wish you the best of luck in your endeavor. If you end up buying the house you rent, you may want to speak to a local agent to discuss the insurance implications. </span></p>\n<p><span style=\"color: #000000;\">These agents can not only help you find affordable homeowners insurance, they can also help you review any other insurance policies you carry to ensure that you are not paying too much. Frequently, policy discounts are available to home owners, so don’t miss out on these savings.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/insurance-articles/home-family/buying-house-you-rent/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','A Simple Guide to Buying the House You Rent','','publish','closed','closed','','a-simple-guide-to-buying-the-house-you-rent','','','2020-12-18 22:34:19','2020-12-18 22:34:19','',0,'http://smartinsurance.tips/?page_id=1193',0,'page','',0),(1194,1,'2020-12-18 22:24:53','2020-12-18 22:24:53','<!-- wp:divi/placeholder /-->','A Simple Guide to Buying the House You Rent','','inherit','closed','closed','','1193-revision-v1','','','2020-12-18 22:24:53','2020-12-18 22:24:53','',1193,'http://smartinsurance.tips/1193-revision-v1/',0,'revision','',0),(1201,1,'2020-12-18 22:52:13','2020-12-18 22:52:13','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Are You Insured for a Tornado?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/0c075a21-1071-48d6-88f1-3ccd6c272211/tornado-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"A tornado on the ground shortly after destroying a small neighborhood.\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">With about 1,000 tornadoes touching down each year, the United States leads the world in tornado activity. While the majority of these tornadoes occur in the area known as Tornado Alley, they can, and do, happen all over the country. </span></p>\n<p><span style=\"color: #000000;\">Tornadoes are among the most expensive natural disasters. In fact, about 57% of all US catastrophic losses are tornado-related. You can minimize your risk of financial burden in the aftermath of a tornado with insurance.</span></p>\n<h3><span style=\"color: #000000;\">Facts about Tornadoes</span></h3>\n<div>\n<div class=\"icon-list-double-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Tornado wind speeds can reach 250 mph.</span></li>\n<li><span style=\"color: #000000;\">Tornadoes can be a mile wide and can travel on the ground for as much as 50 miles.</span></li>\n<li><span style=\"color: #000000;\">About 3 out of 4 of the world’s tornadoes occur in the United States.</span></li>\n<li><span style=\"color: #000000;\">Tornadoes have been reported in all 50 states and have happened in all seasons.</span></li>\n<li><span style=\"color: #000000;\">On average, tornadoes cause 70 fatalities and 1,500 injuries in the US each year.</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">What Is Tornado Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Unlike floods or hurricanes, tornadoes are generally covered under homeowners insurance policies and do not require a separate endorsement, or rider. </span></p>\n<p><span style=\"color: #000000;\">Because of the potential for extensive damage, homeowners are strongly advised to review their policies to make sure their coverage is sufficient if a tornado touchdown occurs.</span></p>\n<p><span style=\"color: #000000;\">If you rent your home or live in a condominium, you will want to be sure that you have renters or condo insurance to cover your property. </span></p>\n<p><span style=\"color: #000000;\">While your landlord or condo association will have a policy in place to cover damage to the structure of your home, personal belongings kept inside are not covered under these policies.</span></p>\n<p><span style=\"color: #000000;\">To obtain coverage for tornado damage to your vehicle, you will need to have a comprehensive car or truck insurance policy in place. Simply carrying liability insurance will not provide you with reimbursement for potentially extensive repairs following a tornado.</span></p>\n<p><span style=\"color: #000000;\"> Those who live within the boundaries of Tornado Alley are strongly encouraged to carry comprehensive auto insurance.</span></p>\n<h3><span style=\"color: #000000;\">How Much Coverage Is Enough?</span></h3>\n<p><span style=\"color: #000000;\">Tornadoes can cause peripheral damage from high winds, or more extensive damage if your home is directly in the path of the storm. Those whose homes are directly hit by one of these powerful storms could lose most if not all of their personal belongings.</span></p>\n<p><span style=\"color: #000000;\">Consider the contents of your home and how expensive it would be to replace absolutely everything, including clothes, furniture, and tools. Most homeowners policies cap certain categories of items based on the total coverage amount of the policy. </span></p>\n<p><span style=\"color: #000000;\">If you have a lot of expensive electronic equipment, artwork or collectibles, or own anything of extraordinary value, you may need additional endorsements to fully cover them.</span></p>\n<p><span style=\"color: #000000;\">You may want to consider paying a little extra to get replacement value insurance coverage. Replacement value insurance will provide you with reimbursement for what it would cost to purchase new what was lost or damaged, rather than receiving compensation for the items at their depreciated value. </span></p>\n<p><span style=\"color: #000000;\">If you find yourself in a position where you need to replace everything in your home, this type of coverage can prove extremely beneficial.</span></p>\n<div class=\"border-top border-bottom p-3 text-center text-tc-blue-800 callout\">\n<p><span style=\"color: #000000;\">Insurance professionals recommend making an inventory of all the belongings in your home and updating it annually.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n<p><span style=\"color: #000000;\">Walking through your home with a video camera and keeping the recording in a safe place can help prove the value of your belongings during the claims process.</span></p>\n<h3><span style=\"color: #000000;\">Stay Safe during a Tornado</span></h3>\n<p><span style=\"color: #000000;\">While securing your personal belongings and valuables is important, protecting yourself and your family should be your top priority when a tornado watch is in effect. </span></p>\n<p><span style=\"color: #000000;\">Your family should have a plan in place so that you can quickly find shelter, particularly if you live in a vulnerable structure such as a mobile home. You should also pre-designate a place to meet up after the storm if you are separated.</span></p>\n<p><span style=\"color: #000000;\">Basements and storm cellars are the safest places to wait out a tornado. If shelter below ground is not available, go to the lowest floor possible and seek protection a bathroom, closet or other interior room far from windows and as close to the center of the house as possible.</span></p>\n<p><span style=\"color: #000000;\">Conventional wisdom holds that opening windows helps by equalizing pressure in the house. This is no longer advised, however, as doing so allows damaging debris to enter your home.</span></p>\n<p><span style=\"color: #000000;\">If you see a tornado touch down while you are in your car, do not try to out-drive it, particularly if you are in an urban or congested area. Instead exit your vehicle and, if possible, find a sturdy building or storm cellar to take shelter in. </span></p>\n<p><span style=\"color: #000000;\">If none is available, lie down in a low, flat area, such as a ditch, and cover your head until the tornado passes. Do not go underneath a bridge or overpass, because this is extremely dangerous.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/catastrophe-insurance/tornado-coverage/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Are You Insured for a Tornado?','','inherit','closed','closed','','1197-revision-v1','','','2020-12-18 22:52:13','2020-12-18 22:52:13','',1197,'http://smartinsurance.tips/1197-revision-v1/',0,'revision','',0),(1192,1,'2020-12-18 22:21:06','2020-12-18 22:21:06','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Finding the Best RV Insurance for You</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/ce2123e7-7968-48fc-bcd3-198e9bd544be/rv-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"RV Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">There\'s been a pretty big shift in the RV (or recreational vehicle) world in the past few years as more and more Gen Xers and Millennials have begun celebrating the traveling home on wheels lifestyle. </span></p>\n<p><span style=\"color: #000000;\">And who can blame them? After all, with an RV, you get all the joys of travel rolled-up tight with the comforts of staying right on your couch. </span></p>\n<h4><span style=\"color: #000000;\">Share of Americans planning to buy an RV (motorhome) in the next 12 months as of 2018, by age</span></h4>\n<figure data-asset-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" data-image-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/7b823dba-7bd8-4865-9abd-4a4131187fcd/share-of-americans-who-plan-to-buy-a-rv-motor-home-2018-by-age.jpg\" data-asset-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" data-image-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" alt=\"\" /></span></figure>\n<p><span style=\"color: #000000;\">But before you go all-in and invest in your very own RV, you\'ll want to make sure you\'re set up with the right insurance coverage to protect you from any potential hazards of the road. </span></p>\n<h3><span style=\"color: #000000;\">Types of RVs and Motorhomes</span></h3>\n<p><span style=\"color: #000000;\">Before you can find out what type of insurance you need, you need to know how your vehicle is classified. So which is it:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\"><strong>Class A motorhomes</strong><strong>:</strong> Largest RVs on the road – a home on wheels</span></li>\n<li><span style=\"color: #000000;\"><strong>Class B motorhomes</strong><strong>: </strong>The small RVs – a van with amenities</span></li>\n<li><span style=\"color: #000000;\"><strong>Class C motorhomes</strong><strong>: </strong>Midsize models, sometimes called mini-motorhomes</span></li>\n<li><span style=\"color: #000000;\"><strong>Motorhome bus conversion</strong><strong>: </strong>A bus converted to an RV</span></li>\n<li><span style=\"color: #000000;\"><strong>Travel trailers</strong><strong>: </strong>Towable motorhomes typically attached by a trailer hitch</span></li>\n<li><span style=\"color: #000000;\"><strong>Fifth wheels</strong><strong>: </strong>Towable motorhomes attached to a truck with a fifth-wheel hitch</span></li>\n<li><span style=\"color: #000000;\"><strong>Truck campers</strong><strong>: </strong>Add-on campers attached to a truck bed</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">When you talk to your agent, this will be where you start. And once they\'ve established what your main goals are with your RV, you can move on to the coverages you need.</span></p>\n<h3><span style=\"color: #000000;\">Why Do I Need RV Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Your RV is pretty much a combo of your home and your car. And despite being on wheels, it still includes homey comforts like a bed, dishes, a TV, and even a fridge. That means your policy coverage needs to be a bit more extensive, to reflect the protection you need. Think of it kinda like this:</span></p>\n<figure data-asset-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" data-image-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/693d34bb-6d16-40fc-b39a-639974f50212/rv-venn-graphic.png\" data-asset-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" data-image-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" alt=\"Why Do I Need RV Insurance?\" /></span></figure>\n<p><span style=\"color: #000000;\">Now, you most likely financed your RV through a bank. And more often than not, the lender will require insurance for your RV in order to finalize the deal and protect their investment in you. So in this case, it is mandatory.</span></p>\n<p><span style=\"color: #000000;\">Beyond that, most US states require a liability policy at an absolute minimum to cover any property damage, medical costs, or legal fees that come along with an accident. </span></p>\n<p><span style=\"color: #000000;\">Several states go even further, requiring uninsured/underinsured motorist coverage in case you\'re hit by another driver who doesn’t have insurance, or doesn\'t have enough to pay for the damage. </span></p>\n<p><span style=\"color: #000000;\">Just now, required or not, proper coverage is always recommended. After all, you never know what type of incidents you\'ll encounter out on the road. And without the right protection in place, you\'ll be paying it all out of pocket.</span></p>\n<h3><span style=\"color: #000000;\">What Does RV Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">Your RV insurance policy can cover a number of situations. In most cases, your coverage limits are typically up to you, with the exception of areas that have already put legal minimums in place. </span></p>\n<p><span style=\"color: #000000;\">For convenience, some RV owners just add coverage to their personal auto policy (PAP). But beware, this can leave a significant number of coverage gaps in your personal property and liability. It’s recommended you have a higher limit on your coverage that\'s more inclusive of the specific incidents that occur with RVs.</span></p>\n<p><span style=\"color: #000000;\">One big factor in deciding the type of coverage you need is how you plan on using it. If you only use your RV occasionally for seasonal trips or as a permanent residence without moving it, you probably don\'t need a lot of protection. </span></p>\n<p><span style=\"color: #000000;\">But if you\'re constantly traveling the roads, you\'ll need specialized coverage called full-timers coverage (See below.) </span></p>\n<p><span style=\"color: #000000;\">Now that we have that established, let’s start with some standard coverage options available:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Liability insurance</strong><strong>: </strong>Covers the costs associated with any injuries or property damage you\'re responsible for due to an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Collision</strong><strong>: </strong>Covers the costs to repair or replace your damaged or destroyed vehicle after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive</strong><strong>: </strong>Formally known as \"other than collision,\" this portion of your policy covers damage to your vehicle from things like theft and weather damage.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal injury protection/medical payments</strong><strong>: </strong>Pays medical bills and other expenses whether you’re at fault or not</span></li>\n<li><span style=\"color: #000000;\"><strong>Uninsured/underinsured motorists</strong><strong>: </strong>Protects you financially if the other driver doesn’t have any car insurance or not enough to pay for all expenses.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Additional coverage options can include the following:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Total loss replacement: </strong>Pays to replace your RV in the event of a total loss. This is usually only available for brand-new RVs that have never had a previous owner. </span></li>\n<li><span style=\"color: #000000;\"><strong>Physical damage coverage: </strong>Covers physical damage or theft.</span></li>\n<li><span style=\"color: #000000;\"><strong>Pet injury coverage: </strong>Covers vet fees for an injury to an animal or replacement costs for death.</span></li>\n<li><span style=\"color: #000000;\"><strong>Towing and roadside assistance: </strong>Covers the cost for a professional to help fix covered problems or to tow your vehicle to a repair shop.</span></li>\n<li><span style=\"color: #000000;\"><strong>Attached accessories: </strong>Coverage helps to repair or replace things like antennas and awnings.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal effects coverage: </strong>Covers personal property like dishes and sporting equipment.</span></li>\n<li><span style=\"color: #000000;\"><strong>Vacation liability: </strong>Covers the cost of bodily injury or property damage that occurs when the RV is being used as a temporary residence.</span></li>\n</ul>\n<figure data-asset-id=\"d9806283-bb20-4838-8829-889697190c0b\" data-image-id=\"d9806283-bb20-4838-8829-889697190c0b\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/8fe04304-9f0d-433d-870e-c056211e3efc/what-does-rv-insurance-cover.png\" data-asset-id=\"d9806283-bb20-4838-8829-889697190c0b\" data-image-id=\"d9806283-bb20-4838-8829-889697190c0b\" alt=\"What does RV insurance cover?\" /></span></figure>\n<p><span style=\"color: #000000;\">For full-timers, though, coverage options will typically have higher liability limits similar to a homeowners policy. Options can include:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Full-timers personal liability</span></li>\n<li><span style=\"color: #000000;\">Full-timers medical payments coverage</span></li>\n<li><span style=\"color: #000000;\">Full-timers loss assessment coverage</span></li>\n<li><span style=\"color: #000000;\">Full-timers secured storage contents coverage</span></li>\n</ul>\n</div>\n</div>\n<h4><span style=\"color: #000000;\">Miscellaneous Coverage Features</span></h4>\n<p><span style=\"color: #000000;\">Policies can carry a number of different coverages, which can typically be added through an endorsement. An insurance endorsement is an addition to your insurance contract that provides unique coverage not listed in your original policy and can include:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Emergency expense</span></li>\n<li><span style=\"color: #000000;\">Rental reimbursement</span></li>\n<li><span style=\"color: #000000;\">Miscellaneous vehicles</span></li>\n<li><span style=\"color: #000000;\">Loan/Lease payoff</span></li>\n<li><span style=\"color: #000000;\">Coverage suspension</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">How Much Does RV Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">Because no two RVs and their drivers are the same, no two policies are the same. Which means it\'s impossible to say exactly what your RV insurance will cost. </span></p>\n<p><span style=\"color: #000000;\">But basically, your RV or motorhome insurance premiums will depend on the type of coverage you choose, your state’s requirements, and a few other key factors, like: </span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Where you travel:</strong> A full-timer will need different coverage than a recreational motorist. How far you travel and where also matters, since areas with more risk will need additional protections.</span></li>\n<li><span style=\"color: #000000;\"><strong>What you ride:</strong> The type of motorhome you\'re driving will make a big difference, too. A truck camper or travel trailer doesn’t have the same luxe amenities as a Class A motorhome, so it’s usually cheaper to repair or replace after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>How you ride:</strong> Your driving history is important. It tells an insurance company whether you\'re a risk-taker or a more cautious driver. If your driving record is full of traffic tickets and accidents, you’ll be considered higher-risk and typically pay higher premiums.</span></li>\n</ul>\n<figure data-asset-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" data-image-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/6c5e461c-2cf9-495b-8b8e-c644fc4cc11b/3-factors-determine-rv-premiums.png\" data-asset-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" data-image-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" alt=\"\" /></span></figure>\n<h3><span style=\"color: #000000;\">Get Lower Rates When You Bundle Your RV Insurance</span></h3>\n<p><span style=\"color: #000000;\">Unless you live completely out of your RV, you\'ll most likely already have multiple insurance policies—from your car, to your home, or maybe even your boat. </span></p>\n<p><span style=\"color: #000000;\">If you take those existing policies and bundle them with your RV policy, you should get a nice little discount, because your carrier appreciates all your business in one place. Not to mention it\'s much easier to have all your coverages in one place.</span></p>\n<div class=\"mx-lg-n4 mx-xl-n5\">\n<p>&nbsp;</p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/rv-insurance/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best RV Insurance for You','','inherit','closed','closed','','1183-revision-v1','','','2020-12-18 22:21:06','2020-12-18 22:21:06','',1183,'http://smartinsurance.tips/1183-revision-v1/',0,'revision','',0),(1190,1,'2020-12-18 22:20:25','2020-12-18 22:20:25','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Finding the Best RV Insurance for You</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/ce2123e7-7968-48fc-bcd3-198e9bd544be/rv-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"RV Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">There\'s been a pretty big shift in the RV (or recreational vehicle) world in the past few years as more and more Gen Xers and Millennials have begun celebrating the traveling home on wheels lifestyle. </span></p>\n<p><span style=\"color: #000000;\">And who can blame them? After all, with an RV, you get all the joys of travel rolled-up tight with the comforts of staying right on your couch. </span></p>\n<h4><span style=\"color: #000000;\">Share of Americans planning to buy an RV (motorhome) in the next 12 months as of 2018, by age</span></h4>\n<figure data-asset-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" data-image-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/7b823dba-7bd8-4865-9abd-4a4131187fcd/share-of-americans-who-plan-to-buy-a-rv-motor-home-2018-by-age.jpg\" data-asset-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" data-image-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" alt=\"\" /></span></figure>\n<p><span style=\"color: #000000;\">But before you go all-in and invest in your very own RV, you\'ll want to make sure you\'re set up with the right insurance coverage to protect you from any potential hazards of the road. </span></p>\n<p><span style=\"color: #000000;\">And for that, an independent Insurance agent is the perfect asset to have in your corner, helping you shop for the best RV insurance options to get you the perfect coverage and price. But first, there are a few things you\'ll need to know about RV insurance to get you started.</span></p>\n<h3><span style=\"color: #000000;\">Types of RVs and Motorhomes</span></h3>\n<p><span style=\"color: #000000;\">Before you can find out what type of insurance you need, you need to know how your vehicle is classified. So which is it:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\"><strong>Class A motorhomes</strong><strong>:</strong> Largest RVs on the road – a home on wheels</span></li>\n<li><span style=\"color: #000000;\"><strong>Class B motorhomes</strong><strong>: </strong>The small RVs – a van with amenities</span></li>\n<li><span style=\"color: #000000;\"><strong>Class C motorhomes</strong><strong>: </strong>Midsize models, sometimes called mini-motorhomes</span></li>\n<li><span style=\"color: #000000;\"><strong>Motorhome bus conversion</strong><strong>: </strong>A bus converted to an RV</span></li>\n<li><span style=\"color: #000000;\"><strong>Travel trailers</strong><strong>: </strong>Towable motorhomes typically attached by a trailer hitch</span></li>\n<li><span style=\"color: #000000;\"><strong>Fifth wheels</strong><strong>: </strong>Towable motorhomes attached to a truck with a fifth-wheel hitch</span></li>\n<li><span style=\"color: #000000;\"><strong>Truck campers</strong><strong>: </strong>Add-on campers attached to a truck bed</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">When you talk to your agent, this will be where you start. And once they\'ve established what your main goals are with your RV, you can move on to the coverages you need.</span></p>\n<h3><span style=\"color: #000000;\">Why Do I Need RV Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Your RV is pretty much a combo of your home and your car. And despite being on wheels, it still includes homey comforts like a bed, dishes, a TV, and even a fridge. That means your policy coverage needs to be a bit more extensive, to reflect the protection you need. Think of it kinda like this:</span></p>\n<figure data-asset-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" data-image-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/693d34bb-6d16-40fc-b39a-639974f50212/rv-venn-graphic.png\" data-asset-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" data-image-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" alt=\"Why Do I Need RV Insurance?\" /></span></figure>\n<p><span style=\"color: #000000;\">Now, you most likely financed your RV through a bank. And more often than not, the lender will require insurance for your RV in order to finalize the deal and protect their investment in you. So in this case, it is mandatory.</span></p>\n<p><span style=\"color: #000000;\">Beyond that, most US states require a liability policy at an absolute minimum to cover any property damage, medical costs, or legal fees that come along with an accident. </span></p>\n<p><span style=\"color: #000000;\">Several states go even further, requiring uninsured/underinsured motorist coverage in case you\'re hit by another driver who doesn’t have insurance, or doesn\'t have enough to pay for the damage. </span></p>\n<p><span style=\"color: #000000;\">Just now, required or not, proper coverage is always recommended. After all, you never know what type of incidents you\'ll encounter out on the road. And without the right protection in place, you\'ll be paying it all out of pocket.</span></p>\n<h3><span style=\"color: #000000;\">What Does RV Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">Your RV insurance policy can cover a number of situations. In most cases, your coverage limits are typically up to you, with the exception of areas that have already put legal minimums in place. </span></p>\n<p><span style=\"color: #000000;\">It’s important to take the time to go over how you plan to use your RV with an independent insurance agent so they can help make sure you have the coverage you need.</span></p>\n<p><span style=\"color: #000000;\">For convenience, some RV owners just add coverage to their personal auto policy (PAP). But beware, this can leave a significant number of coverage gaps in your personal property and liability. It’s recommended you have a higher limit on your coverage that\'s more inclusive of the specific incidents that occur with RVs.</span></p>\n<p><span style=\"color: #000000;\">One big factor in deciding the type of coverage you need is how you plan on using it. If you only use your RV occasionally for seasonal trips or as a permanent residence without moving it, you probably don\'t need a lot of protection. </span></p>\n<p><span style=\"color: #000000;\">But if you\'re constantly traveling the roads, you\'ll need specialized coverage called full-timers coverage (See below.) </span></p>\n<p><span style=\"color: #000000;\">Now that we have that established, let’s start with some standard coverage options available:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Liability insurance</strong><strong>: </strong>Covers the costs associated with any injuries or property damage you\'re responsible for due to an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Collision</strong><strong>: </strong>Covers the costs to repair or replace your damaged or destroyed vehicle after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive</strong><strong>: </strong>Formally known as \"other than collision,\" this portion of your policy covers damage to your vehicle from things like theft and weather damage.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal injury protection/medical payments</strong><strong>: </strong>Pays medical bills and other expenses whether you’re at fault or not</span></li>\n<li><span style=\"color: #000000;\"><strong>Uninsured/underinsured motorists</strong><strong>: </strong>Protects you financially if the other driver doesn’t have any car insurance or not enough to pay for all expenses.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Additional coverage options can include the following:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Total loss replacement: </strong>Pays to replace your RV in the event of a total loss. This is usually only available for brand-new RVs that have never had a previous owner. </span></li>\n<li><span style=\"color: #000000;\"><strong>Physical damage coverage: </strong>Covers physical damage or theft.</span></li>\n<li><span style=\"color: #000000;\"><strong>Pet injury coverage: </strong>Covers vet fees for an injury to an animal or replacement costs for death.</span></li>\n<li><span style=\"color: #000000;\"><strong>Towing and roadside assistance: </strong>Covers the cost for a professional to help fix covered problems or to tow your vehicle to a repair shop.</span></li>\n<li><span style=\"color: #000000;\"><strong>Attached accessories: </strong>Coverage helps to repair or replace things like antennas and awnings.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal effects coverage: </strong>Covers personal property like dishes and sporting equipment.</span></li>\n<li><span style=\"color: #000000;\"><strong>Vacation liability: </strong>Covers the cost of bodily injury or property damage that occurs when the RV is being used as a temporary residence.</span></li>\n</ul>\n<figure data-asset-id=\"d9806283-bb20-4838-8829-889697190c0b\" data-image-id=\"d9806283-bb20-4838-8829-889697190c0b\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/8fe04304-9f0d-433d-870e-c056211e3efc/what-does-rv-insurance-cover.png\" data-asset-id=\"d9806283-bb20-4838-8829-889697190c0b\" data-image-id=\"d9806283-bb20-4838-8829-889697190c0b\" alt=\"What does RV insurance cover?\" /></span></figure>\n<p><span style=\"color: #000000;\">For full-timers, though, coverage options will typically have higher liability limits similar to a homeowners policy. Options can include:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Full-timers personal liability</span></li>\n<li><span style=\"color: #000000;\">Full-timers medical payments coverage</span></li>\n<li><span style=\"color: #000000;\">Full-timers loss assessment coverage</span></li>\n<li><span style=\"color: #000000;\">Full-timers secured storage contents coverage</span></li>\n</ul>\n</div>\n</div>\n<h4><span style=\"color: #000000;\">Miscellaneous Coverage Features</span></h4>\n<p><span style=\"color: #000000;\">Policies can carry a number of different coverages, which can typically be added through an endorsement. An insurance endorsement is an addition to your insurance contract that provides unique coverage not listed in your original policy and can include:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Emergency expense</span></li>\n<li><span style=\"color: #000000;\">Rental reimbursement</span></li>\n<li><span style=\"color: #000000;\">Miscellaneous vehicles</span></li>\n<li><span style=\"color: #000000;\">Loan/Lease payoff</span></li>\n<li><span style=\"color: #000000;\">Coverage suspension</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">How Much Does RV Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">Because no two RVs and their drivers are the same, no two policies are the same. Which means it\'s impossible to say exactly what your RV insurance will cost. </span></p>\n<p><span style=\"color: #000000;\">But basically, your RV or motorhome insurance premiums will depend on the type of coverage you choose, your state’s requirements, and a few other key factors, like: </span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Where you travel:</strong> A full-timer will need different coverage than a recreational motorist. How far you travel and where also matters, since areas with more risk will need additional protections.</span></li>\n<li><span style=\"color: #000000;\"><strong>What you ride:</strong> The type of motorhome you\'re driving will make a big difference, too. A truck camper or travel trailer doesn’t have the same luxe amenities as a Class A motorhome, so it’s usually cheaper to repair or replace after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>How you ride:</strong> Your driving history is important. It tells an insurance company whether you\'re a risk-taker or a more cautious driver. If your driving record is full of traffic tickets and accidents, you’ll be considered higher-risk and typically pay higher premiums.</span></li>\n</ul>\n<figure data-asset-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" data-image-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/6c5e461c-2cf9-495b-8b8e-c644fc4cc11b/3-factors-determine-rv-premiums.png\" data-asset-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" data-image-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" alt=\"\" /></span></figure>\n<h3><span style=\"color: #000000;\">Get Lower Rates When You Bundle Your RV Insurance</span></h3>\n<p><span style=\"color: #000000;\">Unless you live completely out of your RV, you\'ll most likely already have multiple insurance policies—from your car, to your home, or maybe even your boat. </span></p>\n<p><span style=\"color: #000000;\">If you take those existing policies and bundle them with your RV policy, you should get a nice little discount, because your carrier appreciates all your business in one place. Not to mention it\'s much easier to have all your coverages in one place.</span></p>\n<p><span style=\"color: #000000;\">When you work with an independent insurance agent, they can help you find the perfect carrier to provide the right coverage for your home and all your outdoor toys, simplify your insurance payments, and make filing claims easy and efficient. And who couldn\'t use a little more efficiency in their lives?</span></p>\n<div class=\"mx-lg-n4 mx-xl-n5\">\n<p>&nbsp;</p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/rv-insurance/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best RV Insurance for You','','inherit','closed','closed','','1183-revision-v1','','','2020-12-18 22:20:25','2020-12-18 22:20:25','',1183,'http://smartinsurance.tips/1183-revision-v1/',0,'revision','',0),(1188,1,'2020-12-18 22:19:47','2020-12-18 22:19:47','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Finding the Best RV Insurance for You</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/ce2123e7-7968-48fc-bcd3-198e9bd544be/rv-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"RV Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">There\'s been a pretty big shift in the RV (or recreational vehicle) world in the past few years as more and more Gen Xers and Millennials have begun celebrating the traveling home on wheels lifestyle. </span></p>\n<p><span style=\"color: #000000;\">And who can blame them? After all, with an RV, you get all the joys of travel rolled-up tight with the comforts of staying right on your couch. </span></p>\n<h4><span style=\"color: #000000;\">Share of Americans planning to buy an RV (motorhome) in the next 12 months as of 2018, by age</span></h4>\n<figure data-asset-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" data-image-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/7b823dba-7bd8-4865-9abd-4a4131187fcd/share-of-americans-who-plan-to-buy-a-rv-motor-home-2018-by-age.jpg\" data-asset-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" data-image-id=\"c7defa56-04d4-4471-8e97-7f6bfcd39b6f\" alt=\"\" /></span></figure>\n<p><span style=\"color: #000000;\">But before you go all-in and invest in your very own RV, you\'ll want to make sure you\'re set up with the right insurance coverage to protect you from any potential hazards of the road. </span></p>\n<p><span style=\"color: #000000;\">And for that, an independent Insurance agent is the perfect asset to have in your corner, helping you shop for the best RV insurance options to get you the perfect coverage and price. But first, there are a few things you\'ll need to know about RV insurance to get you started.</span></p>\n<h3><span style=\"color: #000000;\">Types of RVs and Motorhomes</span></h3>\n<p><span style=\"color: #000000;\">Before you can find out what type of insurance you need, you need to know how your vehicle is classified. So which is it:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\"><strong>Class A motorhomes</strong><strong>:</strong> Largest RVs on the road – a home on wheels</span></li>\n<li><span style=\"color: #000000;\"><strong>Class B motorhomes</strong><strong>: </strong>The small RVs – a van with amenities</span></li>\n<li><span style=\"color: #000000;\"><strong>Class C motorhomes</strong><strong>: </strong>Midsize models, sometimes called mini-motorhomes</span></li>\n<li><span style=\"color: #000000;\"><strong>Motorhome bus conversion</strong><strong>: </strong>A bus converted to an RV</span></li>\n<li><span style=\"color: #000000;\"><strong>Travel trailers</strong><strong>: </strong>Towable motorhomes typically attached by a trailer hitch</span></li>\n<li><span style=\"color: #000000;\"><strong>Fifth wheels</strong><strong>: </strong>Towable motorhomes attached to a truck with a fifth-wheel hitch</span></li>\n<li><span style=\"color: #000000;\"><strong>Truck campers</strong><strong>: </strong>Add-on campers attached to a truck bed</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">When you talk to your agent, this will be where you start. And once they\'ve established what your main goals are with your RV, you can move on to the coverages you need.</span></p>\n<h3><span style=\"color: #000000;\">Why Do I Need RV Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Your RV is pretty much a combo of your home and your car. And despite being on wheels, it still includes homey comforts like a bed, dishes, a TV, and even a fridge. That means your policy coverage needs to be a bit more extensive, to reflect the protection you need. Think of it kinda like this:</span></p>\n<figure data-asset-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" data-image-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/693d34bb-6d16-40fc-b39a-639974f50212/rv-venn-graphic.png\" data-asset-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" data-image-id=\"43779a50-c03f-49b6-8668-026aa2353dc5\" alt=\"Why Do I Need RV Insurance?\" /></span></figure>\n<p><span style=\"color: #000000;\">Now, you most likely financed your RV through a bank. And more often than not, the lender will require insurance for your RV in order to finalize the deal and protect their investment in you. So in this case, it is mandatory.</span></p>\n<p><span style=\"color: #000000;\">Beyond that, most US states require a liability policy at an absolute minimum to cover any property damage, medical costs, or legal fees that come along with an accident. </span></p>\n<p><span style=\"color: #000000;\">Several states go even further, requiring uninsured/underinsured motorist coverage in case you\'re hit by another driver who doesn’t have insurance, or doesn\'t have enough to pay for the damage. </span></p>\n<p><span style=\"color: #000000;\">Just now, required or not, proper coverage is always recommended. After all, you never know what type of incidents you\'ll encounter out on the road. And without the right protection in place, you\'ll be paying it all out of pocket.</span></p>\n<h3><span style=\"color: #000000;\">What Does RV Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">Your RV insurance policy can cover a number of situations. In most cases, your coverage limits are typically up to you, with the exception of areas that have already put legal minimums in place. </span></p>\n<p><span style=\"color: #000000;\">It’s important to take the time to go over how you plan to use your RV with an independent insurance agent so they can help make sure you have the coverage you need.</span></p>\n<p><span style=\"color: #000000;\">For convenience, some RV owners just add coverage to their personal auto policy (PAP). But beware, this can leave a significant number of coverage gaps in your personal property and liability. It’s recommended you have a higher limit on your coverage that\'s more inclusive of the specific incidents that occur with RVs.</span></p>\n<p><span style=\"color: #000000;\">One big factor in deciding the type of coverage you need is how you plan on using it. If you only use your RV occasionally for seasonal trips or as a permanent residence without moving it, you probably don\'t need a lot of protection. </span></p>\n<p><span style=\"color: #000000;\">But if you\'re constantly traveling the roads, you\'ll need specialized coverage called full-timers coverage (See below.) </span></p>\n<p><span style=\"color: #000000;\">Now that we have that established, let’s start with some standard coverage options available:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Liability insurance</strong><strong>: </strong>Covers the costs associated with any injuries or property damage you\'re responsible for due to an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Collision</strong><strong>: </strong>Covers the costs to repair or replace your damaged or destroyed vehicle after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive</strong><strong>: </strong>Formally known as \"other than collision,\" this portion of your policy covers damage to your vehicle from things like theft and weather damage.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal injury protection/medical payments</strong><strong>: </strong>Pays medical bills and other expenses whether you’re at fault or not</span></li>\n<li><span style=\"color: #000000;\"><strong>Uninsured/underinsured motorists</strong><strong>: </strong>Protects you financially if the other driver doesn’t have any car insurance or not enough to pay for all expenses.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Additional coverage options can include the following:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Total loss replacement: </strong>Pays to replace your RV in the event of a total loss. This is usually only available for brand-new RVs that have never had a previous owner. </span></li>\n<li><span style=\"color: #000000;\"><strong>Physical damage coverage: </strong>Covers physical damage or theft.</span></li>\n<li><span style=\"color: #000000;\"><strong>Pet injury coverage: </strong>Covers vet fees for an injury to an animal or replacement costs for death.</span></li>\n<li><span style=\"color: #000000;\"><strong>Towing and roadside assistance: </strong>Covers the cost for a professional to help fix covered problems or to tow your vehicle to a repair shop.</span></li>\n<li><span style=\"color: #000000;\"><strong>Attached accessories: </strong>Coverage helps to repair or replace things like antennas and awnings.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal effects coverage: </strong>Covers personal property like dishes and sporting equipment.</span></li>\n<li><span style=\"color: #000000;\"><strong>Vacation liability: </strong>Covers the cost of bodily injury or property damage that occurs when the RV is being used as a temporary residence.</span></li>\n</ul>\n<figure data-asset-id=\"d9806283-bb20-4838-8829-889697190c0b\" data-image-id=\"d9806283-bb20-4838-8829-889697190c0b\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/8fe04304-9f0d-433d-870e-c056211e3efc/what-does-rv-insurance-cover.png\" data-asset-id=\"d9806283-bb20-4838-8829-889697190c0b\" data-image-id=\"d9806283-bb20-4838-8829-889697190c0b\" alt=\"What does RV insurance cover?\" /></span></figure>\n<p><span style=\"color: #000000;\">For full-timers, though, coverage options will typically have higher liability limits similar to a homeowners policy. Options can include:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Full-timers personal liability</span></li>\n<li><span style=\"color: #000000;\">Full-timers medical payments coverage</span></li>\n<li><span style=\"color: #000000;\">Full-timers loss assessment coverage</span></li>\n<li><span style=\"color: #000000;\">Full-timers secured storage contents coverage</span></li>\n</ul>\n</div>\n</div>\n<h4><span style=\"color: #000000;\">Miscellaneous Coverage Features</span></h4>\n<p><span style=\"color: #000000;\">Policies can carry a number of different coverages, which can typically be added through an endorsement. An insurance endorsement is an addition to your insurance contract that provides unique coverage not listed in your original policy and can include:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Emergency expense</span></li>\n<li><span style=\"color: #000000;\">Rental reimbursement</span></li>\n<li><span style=\"color: #000000;\">Miscellaneous vehicles</span></li>\n<li><span style=\"color: #000000;\">Loan/Lease payoff</span></li>\n<li><span style=\"color: #000000;\">Coverage suspension</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">How Much Does RV Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">Because no two RVs and their drivers are the same, no two policies are the same. Which means it\'s impossible to say exactly what your RV insurance will cost. </span></p>\n<p><span style=\"color: #000000;\">But basically, your RV or motorhome insurance premiums will depend on the type of coverage you choose, your state’s requirements, and a few other key factors, like: </span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Where you travel:</strong> A full-timer will need different coverage than a recreational motorist. How far you travel and where also matters, since areas with more risk will need additional protections.</span></li>\n<li><span style=\"color: #000000;\"><strong>What you ride:</strong> The type of motorhome you\'re driving will make a big difference, too. A truck camper or travel trailer doesn’t have the same luxe amenities as a Class A motorhome, so it’s usually cheaper to repair or replace after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>How you ride:</strong> Your driving history is important. It tells an insurance company whether you\'re a risk-taker or a more cautious driver. If your driving record is full of traffic tickets and accidents, you’ll be considered higher-risk and typically pay higher premiums.</span></li>\n</ul>\n<figure data-asset-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" data-image-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/6c5e461c-2cf9-495b-8b8e-c644fc4cc11b/3-factors-determine-rv-premiums.png\" data-asset-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" data-image-id=\"2031fe69-9af2-41dc-9367-d61f6afeead5\" alt=\"\" /></span></figure>\n<h3><span style=\"color: #000000;\">Get Lower Rates When You Bundle Your RV Insurance</span></h3>\n<p><span style=\"color: #000000;\">Unless you live completely out of your RV, you\'ll most likely already have multiple insurance policies—from your car, to your home, or maybe even your boat. </span></p>\n<p><span style=\"color: #000000;\">If you take those existing policies and bundle them with your RV policy, you should get a nice little discount, because your carrier appreciates all your business in one place. Not to mention it\'s much easier to have all your coverages in one place.</span></p>\n<p><span style=\"color: #000000;\">When you work with an independent insurance agent, they can help you find the perfect carrier to provide the right coverage for your home and all your outdoor toys, simplify your insurance payments, and make filing claims easy and efficient. And who couldn\'t use a little more efficiency in their lives?</span></p>\n<div class=\"mx-lg-n4 mx-xl-n5\">\n<div _ngcontent-osp-c36=\"\" class=\"search-widget-article bg-tc-blue-800 px-3 pt-5 pb-4 py-sm-5 p-md-5 rounded\">\n<div _ngcontent-osp-c36=\"\" class=\"search-widget-inner-container pt-sm-5 pb-sm-3 px-sm-3 rounded position-relative\">\n<h3 _ngcontent-osp-c36=\"\" class=\"text-center text-white mb-3\"></h3>\n</div>\n</div>\n<p>&nbsp;</p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/rv-insurance/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best RV Insurance for You','','inherit','closed','closed','','1183-revision-v1','','','2020-12-18 22:19:47','2020-12-18 22:19:47','',1183,'http://smartinsurance.tips/1183-revision-v1/',0,'revision','',0),(1196,1,'2020-12-18 22:34:19','2020-12-18 22:34:19','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>A Simple Guide to Buying the House You Rent</strong></span></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/243bebe3-ac3b-4c0f-ace1-214c37be86d0/Blog_home-and-family_buy-the-house-you-rent_blog_header.jpg\" alt=\"A family walks into their rented home.\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><span style=\"font-size: 14px; text-align: justify;\"> </span></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">When Lisa Sanford accepted a job in post-Katrina New Orleans, she was not entirely sure how long she would be staying. She and her husband sold their Birmingham, AL home and began renting a house in Gretna, LA. After a few years, the couple was certain that they wanted to live there long-term and they ended up buying the house they’d been living in.</span></p>\n<p><span style=\"color: #000000;\">If you are currently renting a house and want to stay in it long-term, you may want to do something similar to what Lisa Sanford did.  Home ownership will enable you to start building equity while also permitting you to make and enjoy improvements to the property. Furthermore, although your property taxes may fluctuate a bit, you will no longer need to be concerned about annual rent increases.</span></p>\n<p><span style=\"color: #000000;\">So how do you go about making the transition from renter to owner? The process of buying the house you rent begins with one important step: talking to the home owner. But first, make sure you\'re covered with an affordable home insurance policy.</span></p>\n<h3><span style=\"color: #000000;\">Talk to the Home Owner</span></h3>\n<p><span style=\"color: #000000;\">In some cases, landlords approach their renters. If they are planning to sell the property anyway, they may give their tenants the opportunity to purchase the house before they list it. In such a case, the home owner will likely already have a purchase plan in mind, and you will then have to decide if you are interested.</span></p>\n<p><span style=\"color: #000000;\">Otherwise, you will need to contact the property owner and express your interest in purchasing the house. It is not always easy to convince them, so you may have to come up with a creative and compelling argument as to why making the sale would be in their best interest.  This is what Lisa Sanford had to do.</span></p>\n<p><span style=\"color: #000000;\">“My landlord did not readily accept my offer to buy the house,” states Sanford, “I had to coax him by explaining that I was buying regardless of his decision. He considered the difficulty of preparing the home for a new renter and realized that he would not be able to collect the same rental charges, since post-Katrina prices had normalized. I had to guide him to the decision using those factors.”</span></p>\n<p><span style=\"color: #000000;\">Regardless of who makes an offer first, if your landlord is agreeable to making a sale, you may be able to go about making the transition from renter to owner in one of three ways.</span></p>\n<h3><span style=\"color: #000000;\">Option #1: Purchase the House Immediately</span></h3>\n<p><span style=\"color: #000000;\">If you and your landlord agree on a purchase price and you are able to qualify for a mortgage, you may be able to set about buying the house immediately.  In such a case, your landlord will most likely not employ the services of a real estate agent, which means that you will need to treat this as a For Sale By Owner purchase. Enlisting the services of a real estate attorney can help you be sure that the transaction runs smoothly. </span></p>\n<p><span style=\"color: #000000;\">Amy Fontinelle of Investopedia recommends that you look at other similar properties that are for sale in the same neighborhood or ask to have the house appraised before you agree on a purchase price in order to ensure that you are not being asked to pay too much. Feel free to negotiate.</span></p>\n<p><span style=\"color: #000000;\">Before you jump into a deal like this, be sure that you are fully aware of what your monthly costs will be as a mortgage holder. Remember, in addition to the mortgage principal and interest, you will now be responsible for paying school taxes and other property-based taxes as well as homeowners insurance premiums, which are significantly more expensive than renters insurance premiums. </span></p>\n<p><span style=\"color: #000000;\">Be sure to compare the full cost of home ownership to your current rent payments to make sure that you will not be overwhelmed financially. In some situations your monthly payments may actually be lower than your rent payments, in which case, you are entering into a good deal.</span></p>\n<h3><span style=\"color: #000000;\">Option #2: Enter into a Rent-to-Own Agreement</span></h3>\n<p><span style=\"color: #000000;\">A rent-to-own agreement is a good idea if you do not yet have sufficient money saved up for a down payment. When you enter into a rent-to-own agreement, you will start paying your landlord an additional sum of money each month and this money will go into an escrow account to be used as a down payment after a specified amount of time, typically three to five years. </span></p>\n<p><span style=\"color: #000000;\">Rent-to-own agreements should always be made in writing. Katherine Lewis of MSN Real Estate recommends that both parties work with a real estate attorney when drawing up the agreement contract.</span></p>\n<p><span style=\"color: #000000;\">The downside to rent-to-own agreements is that if circumstances in your life change and you no longer wish to purchase the house, the home owner will be able to keep all the money that you paid toward the down payment. Additionally, if you are unable to qualify for a mortgage after the designated time period, you will also forfeit your down payment money to the landlord. </span></p>\n<p><span style=\"color: #000000;\">Lewis warns “Before you consider a rent-to-own agreement, make sure you understand the possible pitfalls. One misstep and your dream of home ownership could go up in smoke.”</span></p>\n<h3><span style=\"color: #000000;\">Option #3: Enter into a Lease-Option Agreement</span></h3>\n<p><span style=\"color: #000000;\">A lease-option agreement is similar to a rent-to-own agreement with one major difference:  You are under no obligation to buy the property. With a lease-option agreement, you will have a legal option to purchase the property at an agreed-upon price after a given period of time.  </span></p>\n<p><span style=\"color: #000000;\">“This affords more flexibility in case your circumstances change, as circumstances are wont to do,” writes Steve McLinden of <strong>Bankrate</strong>. As with the rent-to-own option, lease-option agreements should always be made in writing. Oral agreements are never binding.</span></p>\n<h3><span style=\"color: #000000;\">Enjoy the Benefits of Home Ownership</span></h3>\n<p><span style=\"color: #000000;\">We believe that everyone should have the opportunity to own their own home, and we wish you the best of luck in your endeavor. If you end up buying the house you rent, you may want to speak to a local agent to discuss the insurance implications. </span></p>\n<p><span style=\"color: #000000;\">These agents can not only help you find affordable homeowners insurance, they can also help you review any other insurance policies you carry to ensure that you are not paying too much. Frequently, policy discounts are available to home owners, so don’t miss out on these savings.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/insurance-articles/home-family/buying-house-you-rent/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','A Simple Guide to Buying the House You Rent','','inherit','closed','closed','','1193-revision-v1','','','2020-12-18 22:34:19','2020-12-18 22:34:19','',1193,'http://smartinsurance.tips/1193-revision-v1/',0,'revision','',0),(1200,1,'2020-12-18 22:51:08','2020-12-18 22:51:08','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Are You Insured for a Tornado?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/0c075a21-1071-48d6-88f1-3ccd6c272211/tornado-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"A tornado on the ground shortly after destroying a small neighborhood.\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">With about 1,000 tornadoes touching down each year, the United States leads the world in tornado activity. While the majority of these tornadoes occur in the area known as Tornado Alley, they can, and do, happen all over the country. </span></p>\n<p><span style=\"color: #000000;\">Tornadoes are among the most expensive natural disasters. In fact, about 57% of all US catastrophic losses are tornado-related. You can minimize your risk of financial burden in the aftermath of a tornado with insurance.</span></p>\n<h3><span style=\"color: #000000;\">Facts about Tornadoes</span></h3>\n<div>\n<div class=\"icon-list-double-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Tornado wind speeds can reach 250 mph.</span></li>\n<li><span style=\"color: #000000;\">Tornadoes can be a mile wide and can travel on the ground for as much as 50 miles.</span></li>\n<li><span style=\"color: #000000;\">About 3 out of 4 of the world’s tornadoes occur in the United States.</span></li>\n<li><span style=\"color: #000000;\">Tornadoes have been reported in all 50 states and have happened in all seasons.</span></li>\n<li><span style=\"color: #000000;\">On average, tornadoes cause 70 fatalities and 1,500 injuries in the US each year.</span></li>\n</ul>\n</div>\n</div>\n<h3><span style=\"color: #000000;\">What Is Tornado Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Unlike floods or hurricanes, tornadoes are generally covered under homeowners insurance policies and do not require a separate endorsement, or rider. </span></p>\n<p><span style=\"color: #000000;\">Because of the potential for extensive damage, homeowners are strongly advised to review their policies to make sure their coverage is sufficient if a tornado touchdown occurs.</span></p>\n<p><span style=\"color: #000000;\">If you rent your home or live in a condominium, you will want to be sure that you have renters or condo insurance to cover your property. </span></p>\n<p><span style=\"color: #000000;\">While your landlord or condo association will have a policy in place to cover damage to the structure of your home, personal belongings kept inside are not covered under these policies.</span></p>\n<p><span style=\"color: #000000;\">To obtain coverage for tornado damage to your vehicle, you will need to have a comprehensive car or truck insurance policy in place. Simply carrying liability insurance will not provide you with reimbursement for potentially extensive repairs following a tornado.</span></p>\n<p><span style=\"color: #000000;\"> Those who live within the boundaries of Tornado Alley are strongly encouraged to carry comprehensive auto insurance.</span></p>\n<h3><span style=\"color: #000000;\">How Much Coverage Is Enough?</span></h3>\n<p><span style=\"color: #000000;\">Tornadoes can cause peripheral damage from high winds, or more extensive damage if your home is directly in the path of the storm. Those whose homes are directly hit by one of these powerful storms could lose most if not all of their personal belongings.</span></p>\n<p><span style=\"color: #000000;\">Consider the contents of your home and how expensive it would be to replace absolutely everything, including clothes, furniture, and tools. Most homeowners policies cap certain categories of items based on the total coverage amount of the policy. </span></p>\n<p><span style=\"color: #000000;\">If you have a lot of expensive electronic equipment, artwork or collectibles, or own anything of extraordinary value, you may need additional endorsements to fully cover them.</span></p>\n<p><span style=\"color: #000000;\">You may want to consider paying a little extra to get replacement value insurance coverage. Replacement value insurance will provide you with reimbursement for what it would cost to purchase new what was lost or damaged, rather than receiving compensation for the items at their depreciated value. </span></p>\n<p><span style=\"color: #000000;\">If you find yourself in a position where you need to replace everything in your home, this type of coverage can prove extremely beneficial.</span></p>\n<div class=\"border-top border-bottom p-3 text-center text-tc-blue-800 callout\">\n<p><span style=\"color: #000000;\">Insurance professionals recommend making an inventory of all the belongings in your home and updating it annually.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n<p><span style=\"color: #000000;\">Walking through your home with a video camera and keeping the recording in a safe place can help prove the value of your belongings during the claims process.</span></p>\n<h3><span style=\"color: #000000;\">Stay Safe during a Tornado</span></h3>\n<p><span style=\"color: #000000;\">While securing your personal belongings and valuables is important, protecting yourself and your family should be your top priority when a tornado watch is in effect. </span></p>\n<p><span style=\"color: #000000;\">Your family should have a plan in place so that you can quickly find shelter, particularly if you live in a vulnerable structure such as a mobile home. You should also pre-designate a place to meet up after the storm if you are separated.</span></p>\n<p><span style=\"color: #000000;\">Basements and storm cellars are the safest places to wait out a tornado. If shelter below ground is not available, go to the lowest floor possible and seek protection a bathroom, closet or other interior room far from windows and as close to the center of the house as possible.</span></p>\n<p><span style=\"color: #000000;\">Conventional wisdom holds that opening windows helps by equalizing pressure in the house. This is no longer advised, however, as doing so allows damaging debris to enter your home.</span></p>\n<p><span style=\"color: #000000;\">If you see a tornado touch down while you are in your car, do not try to out-drive it, particularly if you are in an urban or congested area. Instead exit your vehicle and, if possible, find a sturdy building or storm cellar to take shelter in. </span></p>\n<p><span style=\"color: #000000;\">If none is available, lie down in a low, flat area, such as a ditch, and cover your head until the tornado passes. Do not go underneath a bridge or overpass, because this is extremely dangerous.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/catastrophe-insurance/tornado-coverage/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Are You Insured for a Tornado?','','inherit','closed','closed','','1197-revision-v1','','','2020-12-18 22:51:08','2020-12-18 22:51:08','',1197,'http://smartinsurance.tips/1197-revision-v1/',0,'revision','',0),(1206,1,'2020-12-22 16:34:11','2020-12-22 16:34:11','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>ATV Insurance 101</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"> <img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/My-Post-6-1024x536.png\" width=\"1024\" height=\"536\" alt=\"\" class=\"wp-image-1204 aligncenter size-large\" /></span><span style=\"font-size: 14px; text-align: justify;\"> </span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">What Does ATV Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">ATV insurance can protect your finances in the event of loss, damage, an accident, injury or theft of your vehicle.  Here are some details:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Liability coverage</strong> will cover the costs of bodily injury and property damage up to a determined amount if you cause an accident.  It will also cover the cost of your legal fees if you are sued.</span></li>\n<li><span style=\"color: #000000;\"><strong>Collision coverage</strong> will pay for repairs to your damaged ATV after an accident.</span></li>\n<li><span style=\"color: #000000;\"><strong>Comprehensive coverage</strong> is optional, and will provide protection if your ATV is stolen, damaged by fire, vandalism, or severe weather.</span></li>\n<li><span style=\"color: #000000;\"><strong>Uninsured/underinsured motorist coverage</strong>, also optional, will help cover your costs if another rider causes and accident, and does not have the insurance to pay for your expenses.</span></li>\n</ul>\n<h3><span style=\"color: #000000;\">How Does ATV Insurance Work?</span></h3>\n<p><span style=\"color: #000000;\">ATV insurance works similarly to auto insurance. Because ATVs can be risky – for the riders, passengers and those around them – your ATV insurance is designed to help cover the costs associated with a mishap or incident, as well as theft.</span></p>\n<p><span style=\"color: #000000;\">ATV insurance helps you recover financially so that the cost of repairs, injuries and even lawsuits do not end up costing you more than you can manage out of pocket.</span></p>\n<p><span style=\"color: #000000;\">If you are in an accident that results in injuries or damages, your insurance agent can help you get compensation and start the claims process.  First, supply any available documentation or photos of what occurred.</span></p>\n<p><span style=\"color: #000000;\">An adjuster will review the damage and determine your compensation based on the amount of coverage, the type of loss, and your deductible.</span></p>\n<h3><span style=\"color: #000000;\">How Much Does ATV Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">ATVs and their riders are different, so it is very difficult guess what your particular premium cost will be.</span></p>\n<p><span style=\"color: #000000;\">There are many factors that go into a premium – driving record, top speed of the ATV, how often it is used (do you drive it around on your ranch every day, take it out on weekends or just during the summer months?), your credit history, the ages of the allowed drivers, your age, gender, etc.</span></p>\n<p><span style=\"color: #000000;\">Virtually every state has different standards of insurance coverage for ATV owners.</span></p>\n<div class=\"mx-lg-n4 mx-xl-n5\">\n<h3><span style=\"color: #000000;\">Is ATV Insurance Required?</span></h3>\n<p><span style=\"color: #000000;\">Unlike auto insurance, not all states require that you carry insurance on your ATV. However, many states do require some coverage if you are using your ATV on public land, in state parks or in public parks. Additionally, you may be required to purchase certain coverage if you are financing your all-terrain vehicle.</span></p>\n<p><span style=\"color: #000000;\">Be sure to check if the state where you live and the locations where you plan to use your vehicle require ATV insurance. Be aware that if you are uninsured and get into an accident, you may be liable for all damages and/or injuries incurred. So while ATV insurance is often not required, it can be a wise investment.</span></p>\n<h3><span style=\"color: #000000;\">How Much ATV Insurance Do I Need?</span></h3>\n<p><span style=\"color: #000000;\">There are many factors that go into determining how much ATV insurance is adequate. Every ATV is different, and every driver is different.</span></p>\n<p><span style=\"color: #000000;\">How you use your vehicle is a good indicator of how much ATV insurance you should have – for example, whether you use it for dune riding where visibility is good, or back woods riding where trees and hillsides can obstruct your view.</span></p>\n<p><span style=\"color: #000000;\">Additionally, the value of your ATV, the value of the assets you want to protect in case of a liability claim against you, and how much risk you take while riding can all be indicators of how much ATV insurance you need.</span></p>\n<p><span style=\"color: #000000;\">To get help evaluating what coverage makes sense for your unique needs, contact an agent in the Trusted Choice network. These agents advocate for the consumer, which means your agent will provide information and ATV insurance quotes.</span></p>\n<h3><span style=\"color: #000000;\">Does ATV Insurance Cover Riders and Passengers?</span></h3>\n<p><span style=\"color: #000000;\">While some families have a set of ATVs, others share a vehicle or two and even lend them to friends. If you ride with a family member or bring passengers along on your ATV, you may wonder whether passengers are covered.</span></p>\n<p><span style=\"color: #000000;\">ATV insurance typically does cover your vehicle and any riders, provided that those operating the vehicle are at least 16 years old and possess a valid driver’s license. </span></p>\n<p><span style=\"color: #000000;\">In most cases, your ATV coverage extends past you and covers your vehicle whenever it is taken out for a spin by a licensed driver. Be sure to review your coverage carefully with your agent so you know what is and is not covered under your policy.</span></p>\n<p>&nbsp;</p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/atv-insurance/coverage-faq/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','','','inherit','closed','closed','','1170-autosave-v1','','','2020-12-22 16:34:11','2020-12-22 16:34:11','',1170,'http://smartinsurance.tips/1170-autosave-v1/',0,'revision','',0),(1204,1,'2020-12-22 16:33:13','2020-12-22 16:33:13','','ATV','','inherit','open','closed','','my-post-6','','','2020-12-22 16:33:20','2020-12-22 16:33:20','',0,'http://smartinsurance.tips/wp-content/uploads/2020/12/My-Post-6.png',0,'attachment','image/png',0),(1207,1,'2020-12-22 17:53:17','2020-12-22 17:53:17','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1><span style=\"color: #000000;\"><strong><a class=\"\" title=\"3 essential routines you need for a more productive, less stressful 2021\" href=\"https://www.fastcompany.com/90587693/3-essential-routines-you-need-for-a-more-productive-less-stressful-2021\" style=\"color: #000000;\">3 essential routines you need for a more productive, less stressful 2021</a></strong></span></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/Untitled_Clipping_122320_015525_AM-1024x576.jpg\" width=\"1024\" height=\"576\" alt=\"\" class=\"wp-image-1210 aligncenter size-large\" /></span></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<div>\n<p><span style=\"color: #000000;\">When we were sent home last March, we patched together work habits to survive the new world of work and life.</span></p>\n</div>\n<div>\n<div id=\"fc-anyclip\"></div>\n</div>\n<div class=\"adInserts_0\"></div>\n<div>\n<p><span style=\"color: #000000;\">You endured and made it to 2021.</span></p>\n<p><span style=\"color: #000000;\">Now, as the new year unfolds, it’s time to level up and replace survival work processes, with practices that support and enable your productivity, performance, and peace of mind.</span></p>\n<p><span style=\"color: #000000;\">Here are the three essential routines you need to make the months ahead more productive and less stressful.</span></p>\n<h2><span style=\"color: #000000;\">IDENTIFY YOUR “MOJO MAGIC MOMENT” AND GET AN EARLY WIN</span></h2>\n<p><span style=\"color: #000000;\">When the commute to your “office” is a few minutes from your bedroom to your sofa or kitchen table and the days of pandemic life blur together, it’s imperative to identify your “mojo magic moment” so you can get an early win to ignite your energy and motivation for the day. Here are four ways you can jump-start your day.</span></p>\n<p><span style=\"color: #000000;\"><strong>Compete to beat your time.</strong> Time yourself on a routine task. For example, how long does it take you to make breakfast? Read and respond to 12 emails? Or prepare the weekly report? Turn these routine tasks into a competition with yourself and see how fast you can go. You will be surprised at how much you can accomplish and how motivated you are to take on the day.</span></p>\n<p><span style=\"color: #000000;\"><strong>Organize and empower your Type-A perfectionist to take the driver’s seat.</strong> Straighten up your workspace, file emails, or alphabetize your spices. Then stand back, admire your work, and tell yourself you did a great job. Now move on to the first task on your task list with confidence and vigor.</span></p>\n</div>\n<div></div>\n<div>\n<p><span style=\"color: #000000;\"><strong>Get dressed in clothes that make you feel confident, professional, and productive.</strong> Before you skip over this potential “mojo magic moment” as too “woo-woo,” know that there is a scientific theory called “enclothed cognition” that supports the effect that clothes have on how we feel and act. According to Dr. Nina Vasan, a psychiatrist and clinical assistant professor at Stanford University School of Medicine, “Clothing shapes your mental state and productivity. When you are stuck at home all day, what you wear can set the tone for what you are doing.” Dig into the back of your closet and pull out your favorite jacket, dress, or shirt. Put it on and use it to get your mind ready to work.</span></p>\n<p><span style=\"color: #000000;\"><strong>Move your body</strong>. You’ve heard it before, however, exercise does work to elevate your energy level. In a University of Georgia randomized controlled trial, researchers split people into three groups” low-intensity, moderate-intensity, and a control group (no exercise). During the six-week experiment, both exercise groups reported growing levels of energy compared to the control group. And, the good news, the low-intensity group reported less fatigue than the moderate-intensity group. Start your day with jumping jacks, a walk, or a few yoga poses, and get your blood and energy flowing.</span></p>\n<h2><span style=\"color: #000000;\">PLAN A 5 S.T.A.R. DAY TO ACHIEVE YOUR GOALS</span></h2>\n<p><span style=\"color: #000000;\">Targeted, intentional planning is how you achieve your goals and reduce stress. When you plan your upcoming work week, follow the four-step S.T.A.R. process.</span></p>\n<p><span style=\"color: #000000;\"><strong>S – Strategic:</strong> Review your strategic goals for the month.</span></p>\n<p><span style=\"color: #000000;\"><strong>T – Tasks:</strong> Identify the tasks that support the accomplishment of your strategic objectives. These are the discrete next action steps you need to perform to achieve your goals. Clarity is essential. Focus on the “must-dos,” not the “nice to-dos.” All action steps need to start with an action verb, for example, submit, call, or email.</span></p>\n<p><span style=\"color: #000000;\"><strong>A – Allocate:</strong> Allocate time on your calendar to complete your tasks. Is there time available on your calendar to complete the tasks required to achieve your goals? If not, look for opportunities to create time capacity. Can you decline a meeting where you are not required to provide information, represent a constituency, or be a decision-maker? Can you shorten a meeting or look for an alternative way to accomplish the meeting’s objective? Can you renegotiate a deadline to create capacity this week?</span></p>\n</div>\n<div></div>\n<div>\n<p><span style=\"color: #000000;\">Now, you are ready to organize your calendar to achieve your goals. You have three options: block your days in either small, precise increments of time, block your days in larger time increments or create theme days. To create theme days, you organize your days around a theme, category, or type of work. For example, administration, team development, sales, prospecting, or writing. Review your tasks and the core accountabilities of your job to determine your theme days. Once you have identified your themes, select a theme or themes for each day of the week. Note the theme for that day on your calendar, and complete tasks and projects aligned to that theme.</span></p>\n<p><span style=\"color: #000000;\"><strong>R – Results:</strong> Commit to your results. When you are asked to attend a meeting without an agenda or join a call to “catch-up,” remember that every time you say yes to a request, you are saying no to something else. Honor you and your time. Intentionally say “yes” and “no” to requests for your time.</span></p>\n<h2><span style=\"color: #000000;\">CELEBRATE YOUR ACCOMPLISHMENTS AND SUCCESSES</span></h2>\n<p><span style=\"color: #000000;\">In a remote work environment, it’s difficult to receive the affirmation and praise you readily heard in your office. Gone are the days of a “thank-you” in the break room from your colleague or the “great job on the presentation” from your boss as you walk past their office. It’s up to you to acknowledge and celebrate your accomplishments and successes. At the end of the work week assess your progress on your strategic goals, or count your check marks on your task list, or reflect on any positive feedback you received via email or on a Zoom call. We all want and need to be seen and valued. Recognize how you have added value to your team, company, and customers.</span></p>\n<p><span style=\"color: #000000;\">It’s a new year. Use the start of the year as an opportunity to create new routines that will energize you, elevate your performance, and remove stress from your workday.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.fastcompany.com/90587693/3-essential-routines-you-need-for-a-more-productive-less-stressful-2021\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','3 essential routines you need for a more productive, less stressful 2021','','publish','closed','closed','','3-essential-routines-you-need-for-a-more-productive-less-stressful-2021','','','2020-12-22 17:56:46','2020-12-22 17:56:46','',0,'http://smartinsurance.tips/?page_id=1207',0,'page','',0),(1208,1,'2020-12-22 17:53:17','2020-12-22 17:53:17','<!-- wp:divi/placeholder /-->','3 essential routines you need for a more productive, less stressful 2021','','inherit','closed','closed','','1207-revision-v1','','','2020-12-22 17:53:17','2020-12-22 17:53:17','',1207,'http://smartinsurance.tips/1207-revision-v1/',0,'revision','',0),(1215,1,'2020-12-22 18:22:50','2020-12-22 18:22:50','','Professional','','inherit','open','closed','','untitled_clipping_122320_022247_am','','','2020-12-22 18:23:14','2020-12-22 18:23:14','',0,'http://smartinsurance.tips/wp-content/uploads/2020/12/Untitled_Clipping_122320_022247_AM.jpg',0,'attachment','image/jpeg',0),(1222,1,'2020-12-22 18:33:12','2020-12-22 18:33:12','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"article-hed\" style=\"text-align: center;\"><strong>Why Capable People Are Reluctant to Lead</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"https://hbr.org/resources/images/article_assets/2020/12/Dec20_17_200555127.jpg\" /></span></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><span style=\"font-size: 14px; text-align: justify;\"> </span></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<div>\n<p><span style=\"color: #000000;\">“Resentment,” “competition,” and “blame”; “aggressive” and “pushy.”<strong> </strong>These are a sample of the words that respondents in our recent study associated with stepping up to lead. Despite the fact that most organizations desperately need people with leadership skills — and many employees and job candidates say that they are interested in leadership — when we asked people anonymously about pursuing opportunities to step up and lead, they often seemed reluctant.</span></p>\n<p><span style=\"color: #000000;\">This lines up with many of our lived experiences: it is fairly common to see someone choose <em>not</em> to lead, whether it’s a capable coworker who passes up an opportunity to guide a team project, or a manager who, when confronted with a challenging situation, simply waits for things to happen instead of taking charge. Strong leadership is essential for both organizational and personal growth — so why don’t more people step up when they have the chance?</span></p>\n<p><span style=\"color: #000000;\">We conducted several quantitative and qualitative studies to explore this reluctance: First, we interviewed and surveyed more than a hundred working adults, asking them to describe times when they had considered stepping up to lead but did not end up doing so. Second, we conducted a field study following more than 400 MBA students working in consulting project teams, in which we used a series of surveys to assess team members’ perceptions of the risks associated with leadership, as well as their ratings of each other’s actual leadership contributions in these projects, at several points during the semester. Finally, we surveyed approximately three hundred managers and their employees, asking about the risks they associated with leadership, as well as their assessments of their colleagues’ leadership capabilities.</span></p>\n<h2><span style=\"color: #000000;\">Three Kinds of Risk</span></h2>\n<p><span style=\"color: #000000;\">Based on this research, we found that there are three specific types of perceived risks that deter people from stepping up to lead:</span></p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Interpersonal Risk: </strong>The first concern people mentioned over and over again was that acts of leadership might hurt their relationships with their colleagues. For example, when asked why they were hesitant to step up to lead, one respondent explained that “sometimes you don’t want to risk that friendship and hurt other people’s feelings.” Another said they were afraid that if they stepped up, other people could “start to dislike you and talk about you behind your back.” The fear of leadership harming interpersonal relationships was one of the most consistent themes we found throughout our interviews and surveys.</span></li>\n<li><span style=\"color: #000000;\"><strong>Image Risk: </strong>The second common concern people described was that leading might make others think badly of them<em>.</em> For example, one respondent said they were reluctant to lead because “I don’t want to seem like a know-it-all.” Similarly, another interviewee worried that “it can come across as a little bit aggressive, maybe, to the rest of the team members.” Despite the fact that both organizations and employees generally claim to admire leadership, people worry that actually engaging in leadership acts might make them look bad in the eyes of their peers.</span></li>\n<li><span style=\"color: #000000;\"><strong>Risk of Being Blamed: </strong>Finally, we found that many people were afraid that if they stepped up to lead, they would be held personally responsible if the group failed. They worried that they would be blamed for the collective failure, and that that could cost them a coveted promotion or future leadership opportunities. As one respondent explained, “If I were to dictate the work, then the potential bad results could be pinned onto me.” Another respondent expressed a similar sentiment: “If the project we were working on did not go well…as the leader, I would be blamed.” Fear of being associated with and blamed for failure is a powerful deterrent that keeps people from taking on opportunities to lead.</span></li>\n</ol>\n<p><span style=\"color: #000000;\">These three perceived risks were consistent among the MBA students, managers, and employees we studied, and they had a real impact on people’s willingness to lead. When they perceived these risks, we found that MBA students were less likely to contribute leadership in their project teams, managers were seen by their subordinates as engaging in fewer leadership behaviors (such as intellectually stimulating their subordinates, identifying and articulating a vision, and setting high expectations), and employees were rated by their coworkers as exhibiting less leadership initiative.<strong> </strong></span></p>\n<h2><span style=\"color: #000000;\">Mitigating Risk</span></h2>\n<p><span style=\"color: #000000;\">So what can we do to help people overcome the risks that hold them back from pursuing leadership opportunities? Below, we describe three proactive steps managers can take to mitigate these perceived risks and nurture leadership at all levels:</span></p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Go the extra mile to support your more risk-sensitive colleagues</strong>. Our interviews suggest that employees who are earlier in their careers, newer to their teams, and/or of lower rank in the organization’s structure may be particularly sensitive to leadership risks. In addition, prior research has shown that minority gender or ethnic groups are also likely to be more risk-sensitive in many professional leadership contexts. To encourage these employees to push past the additional challenges they face, managers can proactively reach out to them when opportunities arise, explicitly seek their input in key meetings and projects, and publicly praise their leadership contributions in front of senior colleagues.</span></li>\n<li><span style=\"color: #000000;\"><strong>Manage conflict — and how people interpret it</strong>. Conflict inevitably arises within teams. But we found that people are particularly likely to become discouraged by the perceived risks of leading when working on teams whose disagreements stem from relationship conflict (i.e., conflict due to differences in personality or values), rather than differences of opinion about the tasks or work processes at hand. So when conflicts arise, managers should help the group address their specific disagreements and ensure those disagreements remain about the work, instead of letting productive conflict escalate into attacks on people’s personal styles or values. When people see conflict as a search for the best idea rather than a fight between people, they are less likely to shy away from leading those people.</span></li>\n<li><span style=\"color: #000000;\"><strong>Find low-stakes opportunities for people to try out leadership</strong>. Finally, we found that people are more risk-averse when major career consequences are at stake. For example, when asked to take on highly visible leadership responsibilities, less-experienced leaders may worry that poor performance could damage their credibility with influential colleagues with whom they might need to work in the future, or cause them to lose out on upcoming opportunities for advancement. In cases like these, the high stakes involved can make people less willing to take on leadership opportunities.</span></li>\n</ol>\n<p><span style=\"color: #000000;\">To mitigate these risks, managers can identify lower-stakes opportunities, such as a routine project with less visibility or an internal exploratory initiative with less-significant consequences, and encourage high-potential individuals to exercise their leadership muscles in these safer environments. This approach also enables people to try out different approaches to leading, reflect on what works for them, see how others react to their leadership efforts, and adjust accordingly — without worrying that their career is on the line. Then, as they build confidence and hone their leadership skills, they will be more prepared to take on higher-risk opportunities without fear of failure.</span></p>\n<p><span style=\"color: #000000;\">While the business world continues to emphasize the importance of leadership — and the rewards that come along with it — we also need to acknowledge the risky side of stepping up to lead. By recognizing the risks that potential leaders face and managing their perceptions of those risks, organizations can nurture leadership contributions from more people in more places — ultimately supporting both the organizations’ own growth and that of their people.</span></p>\n</div>\n<div>\n<p><br /><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://hbr.org/2020/12/why-capable-people-are-reluctant-to-lead\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Why Capable People Are Reluctant to Lead','','publish','closed','closed','','why-capable-people-are-reluctant-to-lead','','','2020-12-22 18:35:42','2020-12-22 18:35:42','',0,'http://smartinsurance.tips/?page_id=1222',0,'page','',0),(1223,1,'2020-12-22 18:33:12','2020-12-22 18:33:12','<!-- wp:divi/placeholder /-->','Why Capable People Are Reluctant to Lead','','inherit','closed','closed','','1222-revision-v1','','','2020-12-22 18:33:12','2020-12-22 18:33:12','',1222,'http://smartinsurance.tips/1222-revision-v1/',0,'revision','',0),(1210,1,'2020-12-22 17:55:30','2020-12-22 17:55:30','','Less Stress','','inherit','open','closed','','untitled_clipping_122320_015525_am','','','2020-12-22 17:55:43','2020-12-22 17:55:43','',0,'http://smartinsurance.tips/wp-content/uploads/2020/12/Untitled_Clipping_122320_015525_AM.jpg',0,'attachment','image/jpeg',0),(1212,1,'2020-12-22 18:20:53','2020-12-22 18:20:53','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"polaris__heading polaris__heading--title\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>How to Find a Good Financial Professional – or Dump a Bad One</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/Untitled_Clipping_122320_022247_AM.jpg\" width=\"845\" height=\"475\" alt=\"\" class=\"wp-image-1215 aligncenter size-full\" /></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><span style=\"font-size: 14px; text-align: justify;\"> </span></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Just as you go to a mechanic to keep your car running smoothly and a doctor to keep healthy, seeing a financial professional can help ensure that you’re on the right track when it comes to your money.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Now, more than ever, financial professionals are an essential resource. And despite the rise in popularity of digital money management tools, human financial professionals are still the main source of financial advice. In fact, Prudential research shows more than half of the millennial population — known for being comfortable with digital technology — see themselves getting financial advice from a licensed professional, a number that rises to nearly two-thirds among millennial women.</span></p>\n<p><span style=\"color: #000000;\">Regardless of whether you’re just starting out on your financial journey or nearing retirement, getting professional advice can make a huge difference. But finding the right professional is not always as easy as it sounds.</span></p>\n<p><span style=\"color: #000000;\">Lots of people — from your hairdresser to your stock-savvy neighbor — may like to offer financial advice, but it’s important to make sure you’re trusting your finances to an experienced professional who can help steer you in the right direction. There are thousands of well-qualified financial professionals out there. Here’s how to sort through them to find the best one for you (and how to get rid of one who’s not).</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">1. Know what type of professional you need  </span></h2>\n<p><span style=\"color: #000000;\">Deciding what your goals are will help you determine what kind of financial professional could be best suited to help you in your financial wellness journey. Some qualified financial professionals may have an alphabet soup of credentials after their names. The right one for you depends on the type of help you need. If you’re looking for a holistic financial plan — covering everything from saving for retirement to making sure you’re properly insured — you likely want to look for a CERTIFIED FINANCIAL PLANNER&#x2122; professional (CFP). There are also those who specialize in managing finances as they relate to everything from divorce (CDFA) to long-term care (CLTC).</span></p>\n<p><span style=\"color: #000000;\">Of course, there are qualified financial planners without those designations as well, and that’s where the next step comes in.</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">2. Do your homework</span></h2>\n<p><span style=\"color: #000000;\">Hiring a financial professional may be one of the most important money decisions you ever make, so it’s worth it to spend some time making sure that you choose the right person. Start by asking friends and family members for recommendations of professionals with whom they’ve had a good experience.</span></p>\n<p><span style=\"color: #000000;\">List still coming up short? You can search for financial professionals, filtered by location and specialty, via various directories including the Financial Planning Association.</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">3. Interview at least three candidates</span></h2>\n<p><span style=\"color: #000000;\">Once you’ve got a few contenders, it’s time to schedule an introductory conversation. You’ll want to ask them basic information about how long they’ve been in business (and if they’ve been through a recession before), the size of their firm, their investing philosophy and whether they have experience working with clients like you. If you’re a small-business owner, for example, or a single parent, ask whether they have other clients in a similar financial situation.</span></p>\n<p><span style=\"color: #000000;\">This is also your opportunity to make sure you understand how each financial professional is paid. Some get paid a flat or hourly fee, while others earn a percentage of assets under management. Still others earn a commission for selling your certain products.</span></p>\n<div class=\"polaris__related-links\">\n<ul class=\"polaris__related-links--list\">\n<li class=\"polaris__related-links--list-item\"><span style=\"color: #000000;\">Baring Your Finances to Your Adviser</span></li>\n</ul>\n</div>\n<p><span style=\"color: #000000;\">These interviews are as much about finding someone who checks all the necessary boxes for your financial needs as they are about finding someone with whom you feel comfortable. True financial advice can require talking about some extremely personal subjects, and if you don’t feel you can be totally honest with your adviser (and that they’re being honest back), they are not the right professional for you.</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">4. Keep in touch</span></h2>\n<p><span style=\"color: #000000;\">While some financial professionals offer their services on a one-time project basis, most have an ongoing relationship with their clients. While you can probably check your portfolio and take care of basic money tasks online, you may also want to touch base occasionally with your financial professional.</span></p>\n<p><span style=\"color: #000000;\">You should expect to check in at least on an annual basis (either on the phone or face-to-face), but more often if there’s a big change to your financial picture or if you have money questions or concerns. A good financial professional is responsive when you reach out and can adapt their services as you hit financial milestones such as buying a house, having children or nearing retirement.</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">5. Remember, you’re not committing for life</span></h2>\n<p><span style=\"color: #000000;\">Sometimes, even if you chose the right financial professional at one point in your life, they may no longer be well-suited to your needs years later. Or, perhaps you just made a mistake and chose the wrong adviser in the first place.</span></p>\n<p><span style=\"color: #000000;\">Regardless of the reason, if you ever start to feel uncomfortable with your financial professional — or have another reason to suspect that they’re no longer the best fit for you — it’s OK to move on.</span></p>\n<p><span style=\"color: #000000;\">Typically, you should line up your next financial professional (see steps 1-4) before severing ties with your current professional. That makes it easier to transfer your financial records and assets. You’ll need to let your current financial professional know that you’re leaving (a simple email should suffice), though you may also have to fill out some paperwork to officially end the relationship.</span></p>\n<p>&nbsp;</p>\n<p><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.kiplinger.com/retirement/retirement-planning/601882/how-to-find-a-good-financial-professional-or-dump-a-bad-one\">click here</a><span style=\"color: #000000;\">.</span></span></p>\n</div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How to Find a Good Financial Professional – or Dump a Bad One','','publish','closed','closed','','how-to-find-a-good-financial-professional-or-dump-a-bad-one','','','2020-12-22 18:28:01','2020-12-22 18:28:01','',0,'http://smartinsurance.tips/?page_id=1212',0,'page','',0),(1213,1,'2020-12-22 18:20:53','2020-12-22 18:20:53','<!-- wp:divi/placeholder /-->','How to Find a Good Financial Professional – or Dump a Bad One','','inherit','closed','closed','','1212-revision-v1','','','2020-12-22 18:20:53','2020-12-22 18:20:53','',1212,'http://smartinsurance.tips/1212-revision-v1/',0,'revision','',0),(1218,1,'2020-12-22 18:28:15','2020-12-22 18:28:15','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Starting a Business in 2021? Read These Expert Tips First</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://smallbiztrends.com/wp-content/uploads/2020/12/Starting-a-Business-850x476.png?ezimgfmt=ng%3Awebp%2Fngcb10%2Frs%3Adevice%2Frscb10-1\" alt=\"Starting a Business\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<p><span style=\"color: #000000;\">Is your new year’s resolution to start a new business venture? If so, you’ll need insights from business experts to help the journey run smoothly. Members of the online small business community have tips for every aspect, from legal documents to marketing. Read on to prepare for your new business in 2021.</span></p>\n<hr class=\"clear\" />\n<div class=\"content-ad-wrap\"><span id=\"ezoic-pub-ad-placeholder-115\" style=\"color: #000000;\"></span></div>\n<hr class=\"clear\" />\n<h3><span style=\"color: #000000;\">Gather These Legal Documents Before Starting a Small Business</span></h3>\n<p><span style=\"color: #000000;\">Starting a small business isn’t just about coming up with an idea. There are legal considerations as well. In this CorpNet post, Nellie Akalp lays out ten legal documents you need to have before getting started.</span></p>\n<h3><span style=\"color: #000000;\">Follow This Beginner’s Guide to Marketing Funnels</span></h3>\n<p><span style=\"color: #000000;\">Marketing funnels help companies standardize parts of their sales and marketing processes. It’s an essential step for new businesses. But if you’re not already familiar with this concept, this guide from Michal Leszcynski of GetResponse may help.<span id=\"ezoic-pub-ad-placeholder-149\" class=\"ezoic-adpicker-ad\"></span></span></p>\n<h3><span style=\"color: #000000;\">Gain Quality Twitter Followers Each Day</span></h3>\n<p><span style=\"color: #000000;\">If you’re going to use social media for your business, you need to start gathering followers. But it’s important to attract those who are actually relevant to your business. This post by David Leonhardt of THGM Blog includes tips to help you achieve this goal. And members of the BizSugar community shared thoughts here.</span></p>\n<h3><span style=\"color: #000000;\">Take These Steps Before Investing in a Franchise</span></h3>\n<p><span style=\"color: #000000;\">If you want to get a new business up and running quickly in 2021, a franchise may be the way to go. But there are multiple steps involved in the process. Joel Libava of The Franchise King shares a helpful checklist in this post.</span></p>\n<h3><span style=\"color: #000000;\">Get Ideas for Your Online Business Name</span></h3>\n<p><span style=\"color: #000000;\">Before you can launch a new business, you need a name. It should clearly explain your offerings while also helping you stand out from the competition. But what if you’re short on ideas. Ivan Widjaya offers tips in this Biz Epic post.</span></p>\n<h3><span style=\"color: #000000;\">Follow These SEO Trends for 2021</span></h3>\n<p><span style=\"color: #000000;\">SEO is constantly evolving through the years. So if you’re starting a business in 2021, it helps to know the relevant trends. This TopRank Marketing post by Lane Ellis goes over trends for B2B SEO. And the insights may be helpful for other companies as well.</span></p>\n<h3><span style=\"color: #000000;\">Learn the Top Social Media Trends for 2021</span></h3>\n<p><span style=\"color: #000000;\">Social media is especially effective for new businesses, since there’s no real cost to use it. But if you want to make the most of it, you need to understand the trends. If you’re not already a social media expert, listen to the advice in this Social Media Examiner post by Lisa D. Jenkins.<span id=\"ezoic-pub-ad-placeholder-151\" class=\"ezoic-adpicker-ad\"></span></span></p>\n<h3><span style=\"color: #000000;\">Get on Top of Finances for Your Blog</span></h3>\n<p><span style=\"color: #000000;\">Blogging can be an effective strategy for new businesses. But the expenses can grow pretty quickly. Keep them under control with the tips in this Inspire to Thrive post by Lisa Sicard. Then head over to BizSugar to see what members have to say.</span></p>\n<h3><span style=\"color: #000000;\">Ask These Questions Before Working from Home</span></h3>\n<p><span style=\"color: #000000;\">If you’re starting a business in 2021, there’s a good chance you’ll at least start out working from home. But not all companies and team members are well suited for remote work. To make sure yours is up to the challenge, ask the questions in this Process Street post by Oliver Peterson.</span></p>\n<h3><span style=\"color: #000000;\">Garner Reviews That Matter to Your Potential Customers</span></h3>\n<p><span style=\"color: #000000;\">As you work to gather new customers for your business in 2021, reviews can go a long way. But not all reviews are actually convincing. To make an impact, read the tips in this UpCity post by Jason Randall.</span></p>\n<p>&nbsp;</p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/12/new-business-tips-for-2021.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Starting a Business in 2021? Read These Expert Tips First','','publish','closed','closed','','starting-a-business-in-2021-read-these-expert-tips-first','','','2020-12-22 18:30:49','2020-12-22 18:30:49','',0,'http://smartinsurance.tips/?page_id=1218',0,'page','',0),(1219,1,'2020-12-22 18:28:15','2020-12-22 18:28:15','<!-- wp:divi/placeholder /-->','Starting a Business in 2021? Read These Expert Tips First','','inherit','closed','closed','','1218-revision-v1','','','2020-12-22 18:28:15','2020-12-22 18:28:15','',1218,'http://smartinsurance.tips/1218-revision-v1/',0,'revision','',0),(1211,1,'2020-12-22 17:56:46','2020-12-22 17:56:46','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1><span style=\"color: #000000;\"><strong><a class=\"\" title=\"3 essential routines you need for a more productive, less stressful 2021\" href=\"https://www.fastcompany.com/90587693/3-essential-routines-you-need-for-a-more-productive-less-stressful-2021\" style=\"color: #000000;\">3 essential routines you need for a more productive, less stressful 2021</a></strong></span></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/Untitled_Clipping_122320_015525_AM-1024x576.jpg\" width=\"1024\" height=\"576\" alt=\"\" class=\"wp-image-1210 aligncenter size-large\" /></span></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<div>\n<p><span style=\"color: #000000;\">When we were sent home last March, we patched together work habits to survive the new world of work and life.</span></p>\n</div>\n<div>\n<div id=\"fc-anyclip\"></div>\n</div>\n<div class=\"adInserts_0\"></div>\n<div>\n<p><span style=\"color: #000000;\">You endured and made it to 2021.</span></p>\n<p><span style=\"color: #000000;\">Now, as the new year unfolds, it’s time to level up and replace survival work processes, with practices that support and enable your productivity, performance, and peace of mind.</span></p>\n<p><span style=\"color: #000000;\">Here are the three essential routines you need to make the months ahead more productive and less stressful.</span></p>\n<h2><span style=\"color: #000000;\">IDENTIFY YOUR “MOJO MAGIC MOMENT” AND GET AN EARLY WIN</span></h2>\n<p><span style=\"color: #000000;\">When the commute to your “office” is a few minutes from your bedroom to your sofa or kitchen table and the days of pandemic life blur together, it’s imperative to identify your “mojo magic moment” so you can get an early win to ignite your energy and motivation for the day. Here are four ways you can jump-start your day.</span></p>\n<p><span style=\"color: #000000;\"><strong>Compete to beat your time.</strong> Time yourself on a routine task. For example, how long does it take you to make breakfast? Read and respond to 12 emails? Or prepare the weekly report? Turn these routine tasks into a competition with yourself and see how fast you can go. You will be surprised at how much you can accomplish and how motivated you are to take on the day.</span></p>\n<p><span style=\"color: #000000;\"><strong>Organize and empower your Type-A perfectionist to take the driver’s seat.</strong> Straighten up your workspace, file emails, or alphabetize your spices. Then stand back, admire your work, and tell yourself you did a great job. Now move on to the first task on your task list with confidence and vigor.</span></p>\n</div>\n<div></div>\n<div>\n<p><span style=\"color: #000000;\"><strong>Get dressed in clothes that make you feel confident, professional, and productive.</strong> Before you skip over this potential “mojo magic moment” as too “woo-woo,” know that there is a scientific theory called “enclothed cognition” that supports the effect that clothes have on how we feel and act. According to Dr. Nina Vasan, a psychiatrist and clinical assistant professor at Stanford University School of Medicine, “Clothing shapes your mental state and productivity. When you are stuck at home all day, what you wear can set the tone for what you are doing.” Dig into the back of your closet and pull out your favorite jacket, dress, or shirt. Put it on and use it to get your mind ready to work.</span></p>\n<p><span style=\"color: #000000;\"><strong>Move your body</strong>. You’ve heard it before, however, exercise does work to elevate your energy level. In a University of Georgia randomized controlled trial, researchers split people into three groups” low-intensity, moderate-intensity, and a control group (no exercise). During the six-week experiment, both exercise groups reported growing levels of energy compared to the control group. And, the good news, the low-intensity group reported less fatigue than the moderate-intensity group. Start your day with jumping jacks, a walk, or a few yoga poses, and get your blood and energy flowing.</span></p>\n<h2><span style=\"color: #000000;\">PLAN A 5 S.T.A.R. DAY TO ACHIEVE YOUR GOALS</span></h2>\n<p><span style=\"color: #000000;\">Targeted, intentional planning is how you achieve your goals and reduce stress. When you plan your upcoming work week, follow the four-step S.T.A.R. process.</span></p>\n<p><span style=\"color: #000000;\"><strong>S – Strategic:</strong> Review your strategic goals for the month.</span></p>\n<p><span style=\"color: #000000;\"><strong>T – Tasks:</strong> Identify the tasks that support the accomplishment of your strategic objectives. These are the discrete next action steps you need to perform to achieve your goals. Clarity is essential. Focus on the “must-dos,” not the “nice to-dos.” All action steps need to start with an action verb, for example, submit, call, or email.</span></p>\n<p><span style=\"color: #000000;\"><strong>A – Allocate:</strong> Allocate time on your calendar to complete your tasks. Is there time available on your calendar to complete the tasks required to achieve your goals? If not, look for opportunities to create time capacity. Can you decline a meeting where you are not required to provide information, represent a constituency, or be a decision-maker? Can you shorten a meeting or look for an alternative way to accomplish the meeting’s objective? Can you renegotiate a deadline to create capacity this week?</span></p>\n</div>\n<div></div>\n<div>\n<p><span style=\"color: #000000;\">Now, you are ready to organize your calendar to achieve your goals. You have three options: block your days in either small, precise increments of time, block your days in larger time increments or create theme days. To create theme days, you organize your days around a theme, category, or type of work. For example, administration, team development, sales, prospecting, or writing. Review your tasks and the core accountabilities of your job to determine your theme days. Once you have identified your themes, select a theme or themes for each day of the week. Note the theme for that day on your calendar, and complete tasks and projects aligned to that theme.</span></p>\n<p><span style=\"color: #000000;\"><strong>R – Results:</strong> Commit to your results. When you are asked to attend a meeting without an agenda or join a call to “catch-up,” remember that every time you say yes to a request, you are saying no to something else. Honor you and your time. Intentionally say “yes” and “no” to requests for your time.</span></p>\n<h2><span style=\"color: #000000;\">CELEBRATE YOUR ACCOMPLISHMENTS AND SUCCESSES</span></h2>\n<p><span style=\"color: #000000;\">In a remote work environment, it’s difficult to receive the affirmation and praise you readily heard in your office. Gone are the days of a “thank-you” in the break room from your colleague or the “great job on the presentation” from your boss as you walk past their office. It’s up to you to acknowledge and celebrate your accomplishments and successes. At the end of the work week assess your progress on your strategic goals, or count your check marks on your task list, or reflect on any positive feedback you received via email or on a Zoom call. We all want and need to be seen and valued. Recognize how you have added value to your team, company, and customers.</span></p>\n<p><span style=\"color: #000000;\">It’s a new year. Use the start of the year as an opportunity to create new routines that will energize you, elevate your performance, and remove stress from your workday.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.fastcompany.com/90587693/3-essential-routines-you-need-for-a-more-productive-less-stressful-2021\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','3 essential routines you need for a more productive, less stressful 2021','','inherit','closed','closed','','1207-revision-v1','','','2020-12-22 17:56:46','2020-12-22 17:56:46','',1207,'http://smartinsurance.tips/1207-revision-v1/',0,'revision','',0),(1216,1,'2020-12-22 18:24:40','2020-12-22 18:24:40','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"polaris__heading polaris__heading--title\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>How to Find a Good Financial Professional – or Dump a Bad One</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/12/Untitled_Clipping_122320_022247_AM.jpg\" width=\"845\" height=\"475\" alt=\"\" class=\"wp-image-1215 aligncenter size-full\" /></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><span style=\"font-size: 14px; text-align: justify;\"> </span></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Just as you go to a mechanic to keep your car running smoothly and a doctor to keep healthy, seeing a financial professional can help ensure that you’re on the right track when it comes to your money.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Now, more than ever, financial professionals are an essential resource. And despite the rise in popularity of digital money management tools, human financial professionals are still the main source of financial advice. In fact, Prudential research shows more than half of the millennial population — known for being comfortable with digital technology — see themselves getting financial advice from a licensed professional, a number that rises to nearly two-thirds among millennial women.</span></p>\n<p><span style=\"color: #000000;\">Regardless of whether you’re just starting out on your financial journey or nearing retirement, getting professional advice can make a huge difference. But finding the right professional is not always as easy as it sounds.</span></p>\n<p><span style=\"color: #000000;\">Lots of people — from your hairdresser to your stock-savvy neighbor — may like to offer financial advice, but it’s important to make sure you’re trusting your finances to an experienced professional who can help steer you in the right direction. There are thousands of well-qualified financial professionals out there. Here’s how to sort through them to find the best one for you (and how to get rid of one who’s not).</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">1. Know what type of professional you need  </span></h2>\n<p><span style=\"color: #000000;\">Deciding what your goals are will help you determine what kind of financial professional could be best suited to help you in your financial wellness journey. Some qualified financial professionals may have an alphabet soup of credentials after their names. The right one for you depends on the type of help you need. If you’re looking for a holistic financial plan — covering everything from saving for retirement to making sure you’re properly insured — you likely want to look for a CERTIFIED FINANCIAL PLANNER&#x2122; professional (CFP). There are also those who specialize in managing finances as they relate to everything from divorce (CDFA) to long-term care (CLTC).</span></p>\n<p><span style=\"color: #000000;\">Of course, there are qualified financial planners without those designations as well, and that’s where the next step comes in.</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">2. Do your homework</span></h2>\n<p><span style=\"color: #000000;\">Hiring a financial professional may be one of the most important money decisions you ever make, so it’s worth it to spend some time making sure that you choose the right person. Start by asking friends and family members for recommendations of professionals with whom they’ve had a good experience.</span></p>\n<p><span style=\"color: #000000;\">List still coming up short? You can search for financial professionals, filtered by location and specialty, via various directories including the Financial Planning Association.</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">3. Interview at least three candidates</span></h2>\n<p><span style=\"color: #000000;\">Once you’ve got a few contenders, it’s time to schedule an introductory conversation. You’ll want to ask them basic information about how long they’ve been in business (and if they’ve been through a recession before), the size of their firm, their investing philosophy and whether they have experience working with clients like you. If you’re a small-business owner, for example, or a single parent, ask whether they have other clients in a similar financial situation.</span></p>\n<p><span style=\"color: #000000;\">This is also your opportunity to make sure you understand how each financial professional is paid. Some get paid a flat or hourly fee, while others earn a percentage of assets under management. Still others earn a commission for selling your certain products.</span></p>\n<div class=\"polaris__related-links\">\n<ul class=\"polaris__related-links--list\">\n<li class=\"polaris__related-links--list-item\"><span style=\"color: #000000;\">Baring Your Finances to Your Adviser</span></li>\n</ul>\n</div>\n<p><span style=\"color: #000000;\">These interviews are as much about finding someone who checks all the necessary boxes for your financial needs as they are about finding someone with whom you feel comfortable. True financial advice can require talking about some extremely personal subjects, and if you don’t feel you can be totally honest with your adviser (and that they’re being honest back), they are not the right professional for you.</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">4. Keep in touch</span></h2>\n<p><span style=\"color: #000000;\">While some financial professionals offer their services on a one-time project basis, most have an ongoing relationship with their clients. While you can probably check your portfolio and take care of basic money tasks online, you may also want to touch base occasionally with your financial professional.</span></p>\n<p><span style=\"color: #000000;\">You should expect to check in at least on an annual basis (either on the phone or face-to-face), but more often if there’s a big change to your financial picture or if you have money questions or concerns. A good financial professional is responsive when you reach out and can adapt their services as you hit financial milestones such as buying a house, having children or nearing retirement.</span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">5. Remember, you’re not committing for life</span></h2>\n<p><span style=\"color: #000000;\">Sometimes, even if you chose the right financial professional at one point in your life, they may no longer be well-suited to your needs years later. Or, perhaps you just made a mistake and chose the wrong adviser in the first place.</span></p>\n<p><span style=\"color: #000000;\">Regardless of the reason, if you ever start to feel uncomfortable with your financial professional — or have another reason to suspect that they’re no longer the best fit for you — it’s OK to move on.</span></p>\n<p><span style=\"color: #000000;\">Typically, you should line up your next financial professional (see steps 1-4) before severing ties with your current professional. That makes it easier to transfer your financial records and assets. You’ll need to let your current financial professional know that you’re leaving (a simple email should suffice), though you may also have to fill out some paperwork to officially end the relationship.</span></p>\n<p>&nbsp;</p>\n<p><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.kiplinger.com/retirement/retirement-planning/601882/how-to-find-a-good-financial-professional-or-dump-a-bad-one\">click here</a><span style=\"color: #000000;\">.</span></span></p>\n</div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How to Find a Good Financial Professional – or Dump a Bad One','','inherit','closed','closed','','1212-revision-v1','','','2020-12-22 18:24:40','2020-12-22 18:24:40','',1212,'http://smartinsurance.tips/1212-revision-v1/',0,'revision','',0),(1221,1,'2020-12-22 18:30:49','2020-12-22 18:30:49','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Starting a Business in 2021? Read These Expert Tips First</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://smallbiztrends.com/wp-content/uploads/2020/12/Starting-a-Business-850x476.png?ezimgfmt=ng%3Awebp%2Fngcb10%2Frs%3Adevice%2Frscb10-1\" alt=\"Starting a Business\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<p><span style=\"color: #000000;\">Is your new year’s resolution to start a new business venture? If so, you’ll need insights from business experts to help the journey run smoothly. Members of the online small business community have tips for every aspect, from legal documents to marketing. Read on to prepare for your new business in 2021.</span></p>\n<hr class=\"clear\" />\n<div class=\"content-ad-wrap\"><span id=\"ezoic-pub-ad-placeholder-115\" style=\"color: #000000;\"></span></div>\n<hr class=\"clear\" />\n<h3><span style=\"color: #000000;\">Gather These Legal Documents Before Starting a Small Business</span></h3>\n<p><span style=\"color: #000000;\">Starting a small business isn’t just about coming up with an idea. There are legal considerations as well. In this CorpNet post, Nellie Akalp lays out ten legal documents you need to have before getting started.</span></p>\n<h3><span style=\"color: #000000;\">Follow This Beginner’s Guide to Marketing Funnels</span></h3>\n<p><span style=\"color: #000000;\">Marketing funnels help companies standardize parts of their sales and marketing processes. It’s an essential step for new businesses. But if you’re not already familiar with this concept, this guide from Michal Leszcynski of GetResponse may help.<span id=\"ezoic-pub-ad-placeholder-149\" class=\"ezoic-adpicker-ad\"></span></span></p>\n<h3><span style=\"color: #000000;\">Gain Quality Twitter Followers Each Day</span></h3>\n<p><span style=\"color: #000000;\">If you’re going to use social media for your business, you need to start gathering followers. But it’s important to attract those who are actually relevant to your business. This post by David Leonhardt of THGM Blog includes tips to help you achieve this goal. And members of the BizSugar community shared thoughts here.</span></p>\n<h3><span style=\"color: #000000;\">Take These Steps Before Investing in a Franchise</span></h3>\n<p><span style=\"color: #000000;\">If you want to get a new business up and running quickly in 2021, a franchise may be the way to go. But there are multiple steps involved in the process. Joel Libava of The Franchise King shares a helpful checklist in this post.</span></p>\n<h3><span style=\"color: #000000;\">Get Ideas for Your Online Business Name</span></h3>\n<p><span style=\"color: #000000;\">Before you can launch a new business, you need a name. It should clearly explain your offerings while also helping you stand out from the competition. But what if you’re short on ideas. Ivan Widjaya offers tips in this Biz Epic post.</span></p>\n<h3><span style=\"color: #000000;\">Follow These SEO Trends for 2021</span></h3>\n<p><span style=\"color: #000000;\">SEO is constantly evolving through the years. So if you’re starting a business in 2021, it helps to know the relevant trends. This TopRank Marketing post by Lane Ellis goes over trends for B2B SEO. And the insights may be helpful for other companies as well.</span></p>\n<h3><span style=\"color: #000000;\">Learn the Top Social Media Trends for 2021</span></h3>\n<p><span style=\"color: #000000;\">Social media is especially effective for new businesses, since there’s no real cost to use it. But if you want to make the most of it, you need to understand the trends. If you’re not already a social media expert, listen to the advice in this Social Media Examiner post by Lisa D. Jenkins.<span id=\"ezoic-pub-ad-placeholder-151\" class=\"ezoic-adpicker-ad\"></span></span></p>\n<h3><span style=\"color: #000000;\">Get on Top of Finances for Your Blog</span></h3>\n<p><span style=\"color: #000000;\">Blogging can be an effective strategy for new businesses. But the expenses can grow pretty quickly. Keep them under control with the tips in this Inspire to Thrive post by Lisa Sicard. Then head over to BizSugar to see what members have to say.</span></p>\n<h3><span style=\"color: #000000;\">Ask These Questions Before Working from Home</span></h3>\n<p><span style=\"color: #000000;\">If you’re starting a business in 2021, there’s a good chance you’ll at least start out working from home. But not all companies and team members are well suited for remote work. To make sure yours is up to the challenge, ask the questions in this Process Street post by Oliver Peterson.</span></p>\n<h3><span style=\"color: #000000;\">Garner Reviews That Matter to Your Potential Customers</span></h3>\n<p><span style=\"color: #000000;\">As you work to gather new customers for your business in 2021, reviews can go a long way. But not all reviews are actually convincing. To make an impact, read the tips in this UpCity post by Jason Randall.</span></p>\n<p>&nbsp;</p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/12/new-business-tips-for-2021.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Starting a Business in 2021? Read These Expert Tips First','','inherit','closed','closed','','1218-revision-v1','','','2020-12-22 18:30:49','2020-12-22 18:30:49','',1218,'http://smartinsurance.tips/1218-revision-v1/',0,'revision','',0),(1226,1,'2020-12-22 18:35:45','2020-12-22 18:35:45','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"article-hed\" style=\"text-align: center;\"><strong>Why Capable People Are Reluctant to Lead</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"https://hbr.org/resources/images/article_assets/2020/12/Dec20_17_200555127.jpg\" /></span></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><span style=\"font-size: 14px; text-align: justify;\"> </span></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<div>\n<p><span style=\"color: #000000;\">“Resentment,” “competition,” and “blame”; “aggressive” and “pushy.”<strong> </strong>These are a sample of the words that respondents in our recent study associated with stepping up to lead. Despite the fact that most organizations desperately need people with leadership skills — and many employees and job candidates say that they are interested in leadership — when we asked people anonymously about pursuing opportunities to step up and lead, they often seemed reluctant.</span></p>\n<p><span style=\"color: #000000;\">This lines up with many of our lived experiences: it is fairly common to see someone choose <em>not</em> to lead, whether it’s a capable coworker who passes up an opportunity to guide a team project, or a manager who, when confronted with a challenging situation, simply waits for things to happen instead of taking charge. Strong leadership is essential for both organizational and personal growth — so why don’t more people step up when they have the chance?</span></p>\n<p><span style=\"color: #000000;\">We conducted several quantitative and qualitative studies to explore this reluctance: First, we interviewed and surveyed more than a hundred working adults, asking them to describe times when they had considered stepping up to lead but did not end up doing so. Second, we conducted a field study following more than 400 MBA students working in consulting project teams, in which we used a series of surveys to assess team members’ perceptions of the risks associated with leadership, as well as their ratings of each other’s actual leadership contributions in these projects, at several points during the semester. Finally, we surveyed approximately three hundred managers and their employees, asking about the risks they associated with leadership, as well as their assessments of their colleagues’ leadership capabilities.</span></p>\n<h2><span style=\"color: #000000;\">Three Kinds of Risk</span></h2>\n<p><span style=\"color: #000000;\">Based on this research, we found that there are three specific types of perceived risks that deter people from stepping up to lead:</span></p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Interpersonal Risk: </strong>The first concern people mentioned over and over again was that acts of leadership might hurt their relationships with their colleagues. For example, when asked why they were hesitant to step up to lead, one respondent explained that “sometimes you don’t want to risk that friendship and hurt other people’s feelings.” Another said they were afraid that if they stepped up, other people could “start to dislike you and talk about you behind your back.” The fear of leadership harming interpersonal relationships was one of the most consistent themes we found throughout our interviews and surveys.</span></li>\n<li><span style=\"color: #000000;\"><strong>Image Risk: </strong>The second common concern people described was that leading might make others think badly of them<em>.</em> For example, one respondent said they were reluctant to lead because “I don’t want to seem like a know-it-all.” Similarly, another interviewee worried that “it can come across as a little bit aggressive, maybe, to the rest of the team members.” Despite the fact that both organizations and employees generally claim to admire leadership, people worry that actually engaging in leadership acts might make them look bad in the eyes of their peers.</span></li>\n<li><span style=\"color: #000000;\"><strong>Risk of Being Blamed: </strong>Finally, we found that many people were afraid that if they stepped up to lead, they would be held personally responsible if the group failed. They worried that they would be blamed for the collective failure, and that that could cost them a coveted promotion or future leadership opportunities. As one respondent explained, “If I were to dictate the work, then the potential bad results could be pinned onto me.” Another respondent expressed a similar sentiment: “If the project we were working on did not go well…as the leader, I would be blamed.” Fear of being associated with and blamed for failure is a powerful deterrent that keeps people from taking on opportunities to lead.</span></li>\n</ol>\n<p><span style=\"color: #000000;\">These three perceived risks were consistent among the MBA students, managers, and employees we studied, and they had a real impact on people’s willingness to lead. When they perceived these risks, we found that MBA students were less likely to contribute leadership in their project teams, managers were seen by their subordinates as engaging in fewer leadership behaviors (such as intellectually stimulating their subordinates, identifying and articulating a vision, and setting high expectations), and employees were rated by their coworkers as exhibiting less leadership initiative.<strong> </strong></span></p>\n<h2><span style=\"color: #000000;\">Mitigating Risk</span></h2>\n<p><span style=\"color: #000000;\">So what can we do to help people overcome the risks that hold them back from pursuing leadership opportunities? Below, we describe three proactive steps managers can take to mitigate these perceived risks and nurture leadership at all levels:</span></p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Go the extra mile to support your more risk-sensitive colleagues</strong>. Our interviews suggest that employees who are earlier in their careers, newer to their teams, and/or of lower rank in the organization’s structure may be particularly sensitive to leadership risks. In addition, prior research has shown that minority gender or ethnic groups are also likely to be more risk-sensitive in many professional leadership contexts. To encourage these employees to push past the additional challenges they face, managers can proactively reach out to them when opportunities arise, explicitly seek their input in key meetings and projects, and publicly praise their leadership contributions in front of senior colleagues.</span></li>\n<li><span style=\"color: #000000;\"><strong>Manage conflict — and how people interpret it</strong>. Conflict inevitably arises within teams. But we found that people are particularly likely to become discouraged by the perceived risks of leading when working on teams whose disagreements stem from relationship conflict (i.e., conflict due to differences in personality or values), rather than differences of opinion about the tasks or work processes at hand. So when conflicts arise, managers should help the group address their specific disagreements and ensure those disagreements remain about the work, instead of letting productive conflict escalate into attacks on people’s personal styles or values. When people see conflict as a search for the best idea rather than a fight between people, they are less likely to shy away from leading those people.</span></li>\n<li><span style=\"color: #000000;\"><strong>Find low-stakes opportunities for people to try out leadership</strong>. Finally, we found that people are more risk-averse when major career consequences are at stake. For example, when asked to take on highly visible leadership responsibilities, less-experienced leaders may worry that poor performance could damage their credibility with influential colleagues with whom they might need to work in the future, or cause them to lose out on upcoming opportunities for advancement. In cases like these, the high stakes involved can make people less willing to take on leadership opportunities.</span></li>\n</ol>\n<p><span style=\"color: #000000;\">To mitigate these risks, managers can identify lower-stakes opportunities, such as a routine project with less visibility or an internal exploratory initiative with less-significant consequences, and encourage high-potential individuals to exercise their leadership muscles in these safer environments. This approach also enables people to try out different approaches to leading, reflect on what works for them, see how others react to their leadership efforts, and adjust accordingly — without worrying that their career is on the line. Then, as they build confidence and hone their leadership skills, they will be more prepared to take on higher-risk opportunities without fear of failure.</span></p>\n<p><span style=\"color: #000000;\">While the business world continues to emphasize the importance of leadership — and the rewards that come along with it — we also need to acknowledge the risky side of stepping up to lead. By recognizing the risks that potential leaders face and managing their perceptions of those risks, organizations can nurture leadership contributions from more people in more places — ultimately supporting both the organizations’ own growth and that of their people.</span></p>\n</div>\n<div>\n<p><br /><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://hbr.org/2020/12/why-capable-people-are-reluctant-to-lead\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','','','inherit','closed','closed','','1222-autosave-v1','','','2020-12-22 18:35:45','2020-12-22 18:35:45','',1222,'http://smartinsurance.tips/1222-autosave-v1/',0,'revision','',0),(1225,1,'2020-12-22 18:35:42','2020-12-22 18:35:42','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"article-hed\" style=\"text-align: center;\"><strong>Why Capable People Are Reluctant to Lead</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"https://hbr.org/resources/images/article_assets/2020/12/Dec20_17_200555127.jpg\" /></span></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><span style=\"font-size: 14px; text-align: justify;\"> </span></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<div>\n<p><span style=\"color: #000000;\">“Resentment,” “competition,” and “blame”; “aggressive” and “pushy.”<strong> </strong>These are a sample of the words that respondents in our recent study associated with stepping up to lead. Despite the fact that most organizations desperately need people with leadership skills — and many employees and job candidates say that they are interested in leadership — when we asked people anonymously about pursuing opportunities to step up and lead, they often seemed reluctant.</span></p>\n<p><span style=\"color: #000000;\">This lines up with many of our lived experiences: it is fairly common to see someone choose <em>not</em> to lead, whether it’s a capable coworker who passes up an opportunity to guide a team project, or a manager who, when confronted with a challenging situation, simply waits for things to happen instead of taking charge. Strong leadership is essential for both organizational and personal growth — so why don’t more people step up when they have the chance?</span></p>\n<p><span style=\"color: #000000;\">We conducted several quantitative and qualitative studies to explore this reluctance: First, we interviewed and surveyed more than a hundred working adults, asking them to describe times when they had considered stepping up to lead but did not end up doing so. Second, we conducted a field study following more than 400 MBA students working in consulting project teams, in which we used a series of surveys to assess team members’ perceptions of the risks associated with leadership, as well as their ratings of each other’s actual leadership contributions in these projects, at several points during the semester. Finally, we surveyed approximately three hundred managers and their employees, asking about the risks they associated with leadership, as well as their assessments of their colleagues’ leadership capabilities.</span></p>\n<h2><span style=\"color: #000000;\">Three Kinds of Risk</span></h2>\n<p><span style=\"color: #000000;\">Based on this research, we found that there are three specific types of perceived risks that deter people from stepping up to lead:</span></p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Interpersonal Risk: </strong>The first concern people mentioned over and over again was that acts of leadership might hurt their relationships with their colleagues. For example, when asked why they were hesitant to step up to lead, one respondent explained that “sometimes you don’t want to risk that friendship and hurt other people’s feelings.” Another said they were afraid that if they stepped up, other people could “start to dislike you and talk about you behind your back.” The fear of leadership harming interpersonal relationships was one of the most consistent themes we found throughout our interviews and surveys.</span></li>\n<li><span style=\"color: #000000;\"><strong>Image Risk: </strong>The second common concern people described was that leading might make others think badly of them<em>.</em> For example, one respondent said they were reluctant to lead because “I don’t want to seem like a know-it-all.” Similarly, another interviewee worried that “it can come across as a little bit aggressive, maybe, to the rest of the team members.” Despite the fact that both organizations and employees generally claim to admire leadership, people worry that actually engaging in leadership acts might make them look bad in the eyes of their peers.</span></li>\n<li><span style=\"color: #000000;\"><strong>Risk of Being Blamed: </strong>Finally, we found that many people were afraid that if they stepped up to lead, they would be held personally responsible if the group failed. They worried that they would be blamed for the collective failure, and that that could cost them a coveted promotion or future leadership opportunities. As one respondent explained, “If I were to dictate the work, then the potential bad results could be pinned onto me.” Another respondent expressed a similar sentiment: “If the project we were working on did not go well…as the leader, I would be blamed.” Fear of being associated with and blamed for failure is a powerful deterrent that keeps people from taking on opportunities to lead.</span></li>\n</ol>\n<p><span style=\"color: #000000;\">These three perceived risks were consistent among the MBA students, managers, and employees we studied, and they had a real impact on people’s willingness to lead. When they perceived these risks, we found that MBA students were less likely to contribute leadership in their project teams, managers were seen by their subordinates as engaging in fewer leadership behaviors (such as intellectually stimulating their subordinates, identifying and articulating a vision, and setting high expectations), and employees were rated by their coworkers as exhibiting less leadership initiative.<strong> </strong></span></p>\n<h2><span style=\"color: #000000;\">Mitigating Risk</span></h2>\n<p><span style=\"color: #000000;\">So what can we do to help people overcome the risks that hold them back from pursuing leadership opportunities? Below, we describe three proactive steps managers can take to mitigate these perceived risks and nurture leadership at all levels:</span></p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Go the extra mile to support your more risk-sensitive colleagues</strong>. Our interviews suggest that employees who are earlier in their careers, newer to their teams, and/or of lower rank in the organization’s structure may be particularly sensitive to leadership risks. In addition, prior research has shown that minority gender or ethnic groups are also likely to be more risk-sensitive in many professional leadership contexts. To encourage these employees to push past the additional challenges they face, managers can proactively reach out to them when opportunities arise, explicitly seek their input in key meetings and projects, and publicly praise their leadership contributions in front of senior colleagues.</span></li>\n<li><span style=\"color: #000000;\"><strong>Manage conflict — and how people interpret it</strong>. Conflict inevitably arises within teams. But we found that people are particularly likely to become discouraged by the perceived risks of leading when working on teams whose disagreements stem from relationship conflict (i.e., conflict due to differences in personality or values), rather than differences of opinion about the tasks or work processes at hand. So when conflicts arise, managers should help the group address their specific disagreements and ensure those disagreements remain about the work, instead of letting productive conflict escalate into attacks on people’s personal styles or values. When people see conflict as a search for the best idea rather than a fight between people, they are less likely to shy away from leading those people.</span></li>\n<li><span style=\"color: #000000;\"><strong>Find low-stakes opportunities for people to try out leadership</strong>. Finally, we found that people are more risk-averse when major career consequences are at stake. For example, when asked to take on highly visible leadership responsibilities, less-experienced leaders may worry that poor performance could damage their credibility with influential colleagues with whom they might need to work in the future, or cause them to lose out on upcoming opportunities for advancement. In cases like these, the high stakes involved can make people less willing to take on leadership opportunities.</span></li>\n</ol>\n<p><span style=\"color: #000000;\">To mitigate these risks, managers can identify lower-stakes opportunities, such as a routine project with less visibility or an internal exploratory initiative with less-significant consequences, and encourage high-potential individuals to exercise their leadership muscles in these safer environments. This approach also enables people to try out different approaches to leading, reflect on what works for them, see how others react to their leadership efforts, and adjust accordingly — without worrying that their career is on the line. Then, as they build confidence and hone their leadership skills, they will be more prepared to take on higher-risk opportunities without fear of failure.</span></p>\n<p><span style=\"color: #000000;\">While the business world continues to emphasize the importance of leadership — and the rewards that come along with it — we also need to acknowledge the risky side of stepping up to lead. By recognizing the risks that potential leaders face and managing their perceptions of those risks, organizations can nurture leadership contributions from more people in more places — ultimately supporting both the organizations’ own growth and that of their people.</span></p>\n</div>\n<div>\n<p><br /><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://hbr.org/2020/12/why-capable-people-are-reluctant-to-lead\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Why Capable People Are Reluctant to Lead','','inherit','closed','closed','','1222-revision-v1','','','2020-12-22 18:35:42','2020-12-22 18:35:42','',1222,'http://smartinsurance.tips/1222-revision-v1/',0,'revision','',0),(1227,1,'2020-12-22 18:40:54','2020-12-22 18:40:54','<!-- wp:divi/placeholder -->\n[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"post-headline \" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>An insurance peril is an event that causes damage to your home, and </strong></span></h1>\n<h1 class=\"post-headline \" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>your coverage depends on what policy you have</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://i.insider.com/5fdccb3ec910a400192e84b0?width=700\" alt=\"InsurancePeril\" style=\"float: left;\" /></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p style=\"text-align: right;\"><span style=\"color: #000000;\">If you have homeowners insurance, you have coverage to protect against damage to your home. There are limitations to that coverage, though, and they depend on the types of peril your policy insures against.</span></p>\n<p style=\"text-align: right;\"><span style=\"color: #000000;\">A peril is something that causes damage to your home. There are eight types of homeowners insurance, but they all fall into one of two categories: named peril or open peril.</span></p>\n<h2 id=\"what-is-an-insurance-peril?\" class=\"toc-header-element\" style=\"text-align: right;\"><span style=\"color: #000000;\"><strong>What is an insurance peril?</strong></span></h2>\n<p style=\"text-align: right;\"><span style=\"color: #000000;\">A peril is an event that may damage your home or belongings, like theft, fire, or a storm, according to Allstate. The type of peril coverage you have depends on the homeowners insurance based on your dwelling type: condo, home, mobile home, renter, or new construction. </span></p>\n<p style=\"text-align: right;\"><span style=\"color: #000000;\">Note the difference between the terms peril, hazard, and risk. For insurance purposes, a peril refers to a specific event that determines whether your homeowners insurance will cover you.</span></p>\n<p style=\"text-align: right;\"><span style=\"color: #000000;\">A hazard is something likely to cause a peril. For example, a dry Christmas tree can cause a fire hazard triggering a peril. During winter, ice and snow can cause a slipping or tripping hazard, increasing the potential of physical injury. A risk increases the likelihood of a peril. For example, hanging heavy Christmas lights on roofs and gutters increases the risk of falling objects</span></p>\n<h2 id=\"open-peril-vs.-named-peril-homeowners-insurance\" class=\"toc-header-element\"><span style=\"color: #000000;\"><strong>Open-peril vs. named-peril homeowners insurance</strong></span></h2>\n<p><span style=\"color: #000000;\">Homeowners insurance falls in two categories: named-peril policies and open-peril policies.</span></p>\n<p><span style=\"color: #000000;\">\"Open peril\" is also referred to as \"all peril.\" A named-peril policy covers you for listed events, like a fire, storm, or theft. An open/all-peril policy covers just about anything that might happen, unless your policy specifically notes that it\'s not covered.  </span></p>\n<p><span style=\"color: #000000;\">Insurance company Lemonade provides the following example of an open-peril policy: If an apartment flood ruined your computer, and your policy doesn\'t specifically say flooding <em>isn\'t</em> covered, your insurance company will have to approve your claim, by default.</span></p>\n<h2 id=\"peril-coverage-depends-on-your-type-of-homeowners-insurance\" class=\"toc-header-element\"><span style=\"color: #000000;\"><strong>Peril coverage depends on your type of homeowners insurance</strong></span></h2>\n<p><span style=\"color: #000000;\">There are eight types of homeowners policies based on the type of home you have. Most of the policies include named-peril coverage, meaning you\'re only covered for listed events.</span></p>\n<p><span style=\"color: #000000;\">However, standard HO-3 insurance and mobile home insurance have additional open/all-peril coverage for the dwelling structure. That means if you have an HO-3 or HO-7 policy, your home is covered from just about anything, but your belongings are covered under named perils only.</span></p>\n<h2 id=\"perils-covered-by-home-insurance\" class=\"toc-header-element\"><span style=\"color: #000000;\">Perils covered by home insurance</span></h2>\n<p><span style=\"color: #000000;\">Here are a few instances of events that might be considered named peril or open peril:</span></p>\n<div class=\"horizontal-scroll\">\n<table border=\"1\" cellpadding=\"10px\">\n<tbody>\n<tr>\n<td><span style=\"color: #000000;\"><strong>Named peril</strong></span></td>\n<td><span style=\"color: #000000;\"><strong>Open/all peril</strong></span></td>\n</tr>\n<tr>\n<td>\n<ul>\n<li><span style=\"color: #000000;\">Fire or lightning</span></li>\n<li><span style=\"color: #000000;\">Windstorm or hail</span></li>\n<li><span style=\"color: #000000;\">Explosion</span></li>\n<li><span style=\"color: #000000;\">Riots</span></li>\n<li><span style=\"color: #000000;\">Aircraft</span></li>\n<li><span style=\"color: #000000;\">Vehicles</span></li>\n<li><span style=\"color: #000000;\">Smoke</span></li>\n<li><span style=\"color: #000000;\">Vandalism</span></li>\n<li><span style=\"color: #000000;\">Theft</span></li>\n<li><span style=\"color: #000000;\">Falling objects</span></li>\n<li><span style=\"color: #000000;\">Weight of ice, snow, or sleet</span></li>\n<li><span style=\"color: #000000;\">Accidental discharge or overflow of water or steam</span></li>\n<li><span style=\"color: #000000;\">Sudden and accidental tearing, cracking, burning, or bulging</span></li>\n<li><span style=\"color: #000000;\">Freezing</span></li>\n<li><span style=\"color: #000000;\">Sudden and accidental damage due to short circuiting</span></li>\n<li><span style=\"color: #000000;\">Volcanic eruption</span></li>\n</ul>\n</td>\n<td>\n<ul>\n<li><span style=\"color: #000000;\">Freezing pipes and systems in vacant dwellings</span></li>\n<li><span style=\"color: #000000;\">Damage to foundations or pavements from ice and water weight</span></li>\n<li><span style=\"color: #000000;\">Theft from a dwelling under construction</span></li>\n<li><span style=\"color: #000000;\">Vandalism to vacant dwellings</span></li>\n<li><span style=\"color: #000000;\">Latent defects, corrosion, industrial smoke, pollution</span></li>\n<li><span style=\"color: #000000;\">Settling, wear, and tear</span></li>\n<li><span style=\"color: #000000;\">Pets, other animals, and pests</span></li>\n<li><span style=\"color: #000000;\">Weather conditions that aggravate other excluded causes of loss</span></li>\n<li><span style=\"color: #000000;\">Government and association actions</span></li>\n<li><span style=\"color: #000000;\">Defective construction, design, and maintenance</span></li>\n</ul>\n</td>\n</tr>\n</tbody>\n</table>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\"><strong>Perils not covered by homeowners insurance </strong></span></h3>\n<p><span style=\"color: #000000;\">Earthquakes, floods, government seizures, mudslides, ordinance updates, sewer backups and sinkholes are all perils that won\'t be covered by homeowners insurance, according to Hippo Insurance. Those will require add-on coverage using a rider policy.</span></p>\n<p><span style=\"color: #000000;\">Homes located in disaster-prone areas — hurricanes, tornadoes, and wildfires — will have increased premiums because these types of events are not included in basic coverage and will need to be add-on riders. </span></p>\n<h2 id=\"what-is-homeowners-insurance?\" class=\"toc-header-element\"><span style=\"color: #000000;\"><strong>What is homeowners insurance?</strong></span></h2>\n<p><span style=\"color: #000000;\">Homeowners insurance protects the dwelling, your belongings, and offers liability coverage for injuries that happen on your property. If the mailman slips and falls on your sidewalk, the dog bites a guest, a tree falls on your roof, or the neighbor\'s kid injures himself doing a cannonball in your swimming pool, homeowners insurance can protect you. If you live in a condo/co-op, the condo association\'s master policy covers the building and common areas, but condo insurance covers your unit.</span></p>\n<p><span style=\"color: #000000;\">Homeowners insurance offers protection for homeowners\' belongings and the home itself. Unlike car insurance, homeowners insurance is not required by state law. However, if you have a mortgage, your lender will require homeowners insurance to protect the investment. Also, some condo associations will have rules in the by-laws about homeowners insurance coverage minimums.</span></p>\n<p>&nbsp;</p>\n<p><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.businessinsider.com/personal-finance/what-is-home-insurance-peril\">click here</a><span style=\"color: #000000;\">.</span></span></p>\n</div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]\n<!-- /wp:divi/placeholder -->','An insurance peril is an event that causes damage to your home, and your coverage depends on what policy you have','','publish','closed','closed','','an-insurance-peril-is-an-event-that-causes-damage-to-your-home-and-your-coverage-depends-on-what-policy-you-have','','','2021-03-22 18:45:09','2021-03-22 18:45:09','',0,'http://smartinsurance.tips/?page_id=1227',0,'page','',0),(1228,1,'2020-12-22 18:40:54','2020-12-22 18:40:54','<!-- wp:divi/placeholder /-->','An insurance peril is an event that causes damage to your home, and your coverage depends on what policy you have','','inherit','closed','closed','','1227-revision-v1','','','2020-12-22 18:40:54','2020-12-22 18:40:54','',1227,'http://smartinsurance.tips/1227-revision-v1/',0,'revision','',0),(1245,1,'2021-03-22 19:16:56','2021-03-22 19:16:56','<!-- wp:divi/placeholder /-->','What is an umbrella liability policy?','','inherit','closed','closed','','1244-revision-v1','','','2021-03-22 19:16:56','2021-03-22 19:16:56','',1244,'http://smartinsurance.tips/1244-revision-v1/',0,'revision','',0),(1242,1,'2021-03-22 19:10:17','2021-03-22 19:10:17','','Capture','','inherit','open','closed','','capture','','','2021-03-22 19:10:17','2021-03-22 19:10:17','',0,'http://smartinsurance.tips/wp-content/uploads/2021/03/Capture.jpg',0,'attachment','image/jpeg',0),(1244,1,'2021-03-22 19:16:56','2021-03-22 19:16:56','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\" custom_margin=\"|108px||auto||\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 style=\"text-align: center;\"><span style=\"color: #0a0a0a;\"><strong>What is an umbrella liability policy?</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/03/Capture.jpg\" width=\"494\" height=\"397\" alt=\"\" class=\"wp-image-1242 aligncenter size-full\" /></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #050505;\">Your standard auto insurance or homeowners insurance will provide you with some liability coverage. If you are sued, those policies will pay up to your policy limits for legal judgments against you, as well as the related attorney\'s fees.</span></p>\n<p><span style=\"color: #050505;\">However, in our litigious society when a lawsuit settlement could very well wipe out your financial assets, you may want the extra protection for your assets that a personal umbrella liability policy provides.</span></p>\n<p><span style=\"color: #050505;\">An umbrella policy kicks in when you reach the limit on the underlying liability coverage in an auto, homeowners, renters or co-op / condo policy. It will also cover you for additional types of claims, such as libel and slander.</span></p>\n<p><span style=\"color: #050505;\">Because the personal umbrella policy pays out after the underlying coverage is exhausted, most insurers will want you to have about $250,000 of liability insurance on your auto policy and $300,000 of liability insurance on your homeowners policy before they will sell you an umbrella policy.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.iii.org/article/what-umbrella-liability\">click here</a></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What is an umbrella liability policy?','','publish','closed','closed','','what-is-an-umbrella-liability-policy','','','2021-03-22 19:23:19','2021-03-22 19:23:19','',0,'http://smartinsurance.tips/?page_id=1244',0,'page','',0),(1230,1,'2020-12-22 18:52:33','2020-12-22 18:52:33','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"post-headline \" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>An insurance peril is an event that causes damage to your home, and </strong></span></h1>\n<h1 class=\"post-headline \" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>your coverage depends on what policy you have</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://i.insider.com/5fdccb3ec910a400192e84b0?width=700\" alt=\"InsurancePeril\" style=\"float: left;\" /></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p style=\"text-align: right;\"><span style=\"color: #000000;\">If you have homeowners insurance, you have coverage to protect against damage to your home. There are limitations to that coverage, though, and they depend on the types of peril your policy insures against.</span></p>\n<p style=\"text-align: right;\"><span style=\"color: #000000;\">A peril is something that causes damage to your home. There are eight types of homeowners insurance, but they all fall into one of two categories: named peril or open peril.</span></p>\n<h2 id=\"what-is-an-insurance-peril?\" class=\"toc-header-element\" style=\"text-align: right;\"><span style=\"color: #000000;\"><strong>What is an insurance peril?</strong></span></h2>\n<p style=\"text-align: right;\"><span style=\"color: #000000;\">A peril is an event that may damage your home or belongings, like theft, fire, or a storm, according to Allstate. The type of peril coverage you have depends on the homeowners insurance based on your dwelling type: condo, home, mobile home, renter, or new construction. </span></p>\n<p style=\"text-align: right;\"><span style=\"color: #000000;\">Note the difference between the terms peril, hazard, and risk. For insurance purposes, a peril refers to a specific event that determines whether your homeowners insurance will cover you.</span></p>\n<p style=\"text-align: right;\"><span style=\"color: #000000;\">A hazard is something likely to cause a peril. For example, a dry Christmas tree can cause a fire hazard triggering a peril. During winter, ice and snow can cause a slipping or tripping hazard, increasing the potential of physical injury. A risk increases the likelihood of a peril. For example, hanging heavy Christmas lights on roofs and gutters increases the risk of falling objects</span></p>\n<h2 id=\"open-peril-vs.-named-peril-homeowners-insurance\" class=\"toc-header-element\"><span style=\"color: #000000;\"><strong>Open-peril vs. named-peril homeowners insurance</strong></span></h2>\n<p><span style=\"color: #000000;\">Homeowners insurance falls in two categories: named-peril policies and open-peril policies.</span></p>\n<p><span style=\"color: #000000;\">\"Open peril\" is also referred to as \"all peril.\" A named-peril policy covers you for listed events, like a fire, storm, or theft. An open/all-peril policy covers just about anything that might happen, unless your policy specifically notes that it\'s not covered.  </span></p>\n<p><span style=\"color: #000000;\">Insurance company Lemonade provides the following example of an open-peril policy: If an apartment flood ruined your computer, and your policy doesn\'t specifically say flooding <em>isn\'t</em> covered, your insurance company will have to approve your claim, by default.</span></p>\n<h2 id=\"peril-coverage-depends-on-your-type-of-homeowners-insurance\" class=\"toc-header-element\"><span style=\"color: #000000;\"><strong>Peril coverage depends on your type of homeowners insurance</strong></span></h2>\n<p><span style=\"color: #000000;\">There are eight types of homeowners policies based on the type of home you have. Most of the policies include named-peril coverage, meaning you\'re only covered for listed events.</span></p>\n<p><span style=\"color: #000000;\">However, standard HO-3 insurance and mobile home insurance have additional open/all-peril coverage for the dwelling structure. That means if you have an HO-3 or HO-7 policy, your home is covered from just about anything, but your belongings are covered under named perils only.</span></p>\n<h2 id=\"perils-covered-by-home-insurance\" class=\"toc-header-element\"><span style=\"color: #000000;\">Perils covered by home insurance</span></h2>\n<p><span style=\"color: #000000;\">Here are a few instances of events that might be considered named peril or open peril:</span></p>\n<div class=\"horizontal-scroll\">\n<table border=\"1\" cellpadding=\"10px\">\n<tbody>\n<tr>\n<td><span style=\"color: #000000;\"><strong>Named peril</strong></span></td>\n<td><span style=\"color: #000000;\"><strong>Open/all peril</strong></span></td>\n</tr>\n<tr>\n<td>\n<ul>\n<li><span style=\"color: #000000;\">Fire or lightning</span></li>\n<li><span style=\"color: #000000;\">Windstorm or hail</span></li>\n<li><span style=\"color: #000000;\">Explosion</span></li>\n<li><span style=\"color: #000000;\">Riots</span></li>\n<li><span style=\"color: #000000;\">Aircraft</span></li>\n<li><span style=\"color: #000000;\">Vehicles</span></li>\n<li><span style=\"color: #000000;\">Smoke</span></li>\n<li><span style=\"color: #000000;\">Vandalism</span></li>\n<li><span style=\"color: #000000;\">Theft</span></li>\n<li><span style=\"color: #000000;\">Falling objects</span></li>\n<li><span style=\"color: #000000;\">Weight of ice, snow, or sleet</span></li>\n<li><span style=\"color: #000000;\">Accidental discharge or overflow of water or steam</span></li>\n<li><span style=\"color: #000000;\">Sudden and accidental tearing, cracking, burning, or bulging</span></li>\n<li><span style=\"color: #000000;\">Freezing</span></li>\n<li><span style=\"color: #000000;\">Sudden and accidental damage due to short circuiting</span></li>\n<li><span style=\"color: #000000;\">Volcanic eruption</span></li>\n</ul>\n</td>\n<td>\n<ul>\n<li><span style=\"color: #000000;\">Freezing pipes and systems in vacant dwellings</span></li>\n<li><span style=\"color: #000000;\">Damage to foundations or pavements from ice and water weight</span></li>\n<li><span style=\"color: #000000;\">Theft from a dwelling under construction</span></li>\n<li><span style=\"color: #000000;\">Vandalism to vacant dwellings</span></li>\n<li><span style=\"color: #000000;\">Latent defects, corrosion, industrial smoke, pollution</span></li>\n<li><span style=\"color: #000000;\">Settling, wear, and tear</span></li>\n<li><span style=\"color: #000000;\">Pets, other animals, and pests</span></li>\n<li><span style=\"color: #000000;\">Weather conditions that aggravate other excluded causes of loss</span></li>\n<li><span style=\"color: #000000;\">Government and association actions</span></li>\n<li><span style=\"color: #000000;\">Defective construction, design, and maintenance</span></li>\n</ul>\n</td>\n</tr>\n</tbody>\n</table>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\"><strong>Perils not covered by homeowners insurance </strong></span></h3>\n<p><span style=\"color: #000000;\">Earthquakes, floods, government seizures, mudslides, ordinance updates, sewer backups and sinkholes are all perils that won\'t be covered by homeowners insurance, according to Hippo Insurance. Those will require add-on coverage using a rider policy.</span></p>\n<p><span style=\"color: #000000;\">Homes located in disaster-prone areas — hurricanes, tornadoes, and wildfires — will have increased premiums because these types of events are not included in basic coverage and will need to be add-on riders. </span></p>\n<h2 id=\"what-is-homeowners-insurance?\" class=\"toc-header-element\"><span style=\"color: #000000;\"><strong>What is homeowners insurance?</strong></span></h2>\n<p><span style=\"color: #000000;\">Homeowners insurance protects the dwelling, your belongings, and offers liability coverage for injuries that happen on your property. If the mailman slips and falls on your sidewalk, the dog bites a guest, a tree falls on your roof, or the neighbor\'s kid injures himself doing a cannonball in your swimming pool, homeowners insurance can protect you. If you live in a condo/co-op, the condo association\'s master policy covers the building and common areas, but condo insurance covers your unit.</span></p>\n<p><span style=\"color: #000000;\">Homeowners insurance offers protection for homeowners\' belongings and the home itself. Unlike car insurance, homeowners insurance is not required by state law. However, if you have a mortgage, your lender will require homeowners insurance to protect the investment. Also, some condo associations will have rules in the by-laws about homeowners insurance coverage minimums.</span></p>\n<p>&nbsp;</p>\n<p><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.businessinsider.com/personal-finance/what-is-home-insurance-peril\">click here</a><span style=\"color: #000000;\">.</span></span></p>\n</div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','An insurance peril is an event that causes damage to your home, and your coverage depends on what policy you have','','inherit','closed','closed','','1227-revision-v1','','','2020-12-22 18:52:33','2020-12-22 18:52:33','',1227,'http://smartinsurance.tips/1227-revision-v1/',0,'revision','',0),(1248,1,'2021-03-23 17:23:45','2021-03-23 17:23:45','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" custom_padding=\"1px|||||\"]<p>&nbsp;</p>\n<h1 class=\"headline\" itemprop=\"headline\" style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; font-size: 3rem; margin-top: 0.5rem; margin-bottom: 1rem; font-weight: bold; line-height: 3.4rem; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; letter-spacing: -0.07rem; color: #141414; background-color: #ffffff; text-align: center;\"><strong><span style=\"color: #0a0a0a;\">4 Ways an Entrepreneur Should Diversify Their Income</span></strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/03/mon.jpg\" width=\"894\" height=\"446\" alt=\"\" class=\"wp-image-1251 aligncenter size-full\" /> </span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">The Office for National Statistics figures, released in December, state that “the number of payroll employees has fallen by 819,000” since February 2020. While these figures were front-loaded, the prime minister and expert commentators expect the overall COVID-19  situation to worsen before it gets better. It will be some time before the vaccination program has enough coverage to release the restrictions, and that is if the virus does not mutate to nullify the vaccines’ efficacy.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">The above figures do not capture sole traders and SMEs\' picture without a payrolled workforce. In addition, with schools closed, for the time being, maintaining 9-5 working hours whilst at home proves problematic, particularly for parents expected to supervise their children’s learning.  Therefore, traditional working models are under increasing pressure, and we can expect no return to ‘normal’ even after widespread vaccination. What does this mean for future income streams?</p>\n<h2 style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; font-weight: bold; line-height: 28.6px; font-size: 1.375rem; margin-top: 1rem; margin-bottom: 0.5rem; font-family: Roboto, HelveticaNeue-Light, \'Helvetica Neue Light\', \'Helvetica Neue\', Helvetica, Arial, sans-serif; color: #212121; text-align: start; background-color: #ffffff;\">Financial ‘survival of the fittest’</h2>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">“<i style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; line-height: inherit;\">It is not the strongest of the species that survives, … It is the one that is most adaptable to change.</i>”</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">This quote is often attributed to Charles Darwin. It is actually a paraphrase of Darwin’s ‘Origin of Species’ by Leon Megginson (Professor of Management and Marketing, Louisiana State). That the phrase comes from a management context is not surprising as it perfectly captures the entrepreneurial spirit with which we should face these uncertain times.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">Many people day-dream, amidst the drudgery of a mundane 9-5 job, starting a business or applying a creative skill to a profitable side hustle. Perhaps people are watching your pension situation and realizing the state pension really is not sufficient, and you need another income stream. Most have fancied a passive income stream. Now is the time, especially if you are one of the 819,000 recently unemployed or if you want to financially benefit from your additional time due to lost leisure activities or released from your dead-time commute.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">If your income streams are successfully adapted to change or sufficiently diversified to mitigate the risk of change, you will not only economically survive but potentially flourish in this pandemic.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">It is frequently written that one of the defining characteristics of millionaires is that they have multiple income streams. This is largely true, of course. However, in the pop-culture presentation of this statement, the implication is that you too can be a millionaire so long as you have a second stream of income. Sorry, but it isn’t that simple. What it does mean is that the mindset of a millionaire is not ‘What do I need to do to get the money?’ but rather ‘How can I use money innovatively to work for me.’ Further, by diversifying one’s income streams, one can benefit from favorable tax arrangements rather than facing an ever-increasing Income Tax bill, and that financial risk is mitigated.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">Income streams can be created in various ways. Many can work in conjunction with others, and some are more easily automated than others to provide a passive income stream.</p>\n<h2 style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; font-weight: bold; line-height: 28.6px; font-size: 1.375rem; margin-top: 1rem; margin-bottom: 0.5rem; font-family: Roboto, HelveticaNeue-Light, \'Helvetica Neue Light\', \'Helvetica Neue\', Helvetica, Arial, sans-serif; color: #212121; text-align: start; background-color: #ffffff;\">Diversification is key</h2>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">As an investor and multiple business owner, I cannot push diversification enough. Make sure your eggs are not all in the same basket. This goes for investing in the stock market, becoming an entrepreneur, or even on the very basic scale selling products. Having your financial risk spread across multiple streams and increases your financial stability and longevity if one of those streams were to turn out a failure. Take your time and research into ETFs, Tracker Funds, Blue Chip Stocks &amp; Property Crowd Funding projects.</p>\n<h2 style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; font-weight: bold; line-height: 28.6px; font-size: 1.375rem; margin-top: 1rem; margin-bottom: 0.5rem; font-family: Roboto, HelveticaNeue-Light, \'Helvetica Neue Light\', \'Helvetica Neue\', Helvetica, Arial, sans-serif; color: #212121; text-align: start; background-color: #ffffff;\">Starting a side income</h2>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">An online business can easily be developed during this period of time, and many ideas can be implemented with limited or no start-up costs or ongoing overheads. Services delivered online are the most obvious and COVID secure options. These side businesses can vary from dropshipping or start even smaller with freelance sites for small jobs like Fiverr.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\"><span style=\"background-color: #ffffff; font-family: Roboto, HelveticaNeue-Light, \'Helvetica Neue Light\', \'Helvetica Neue\', Helvetica, Arial, sans-serif; font-size: 1.375rem; font-weight: bold;\">Utilize your network</span></p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">Building business relations takes time and trust. Start with people who you know within your network. These individuals are more likely to give you a try because they know you personally. In this day and age, social media is booming. It\'s now easier than ever to reach out to people on social media, especially Instagram. Spending time networking on social media is key to growing your brand recognition and gaining customers.<br style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased;\" /><br style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased;\" /><span style=\"background-color: #ffffff; font-family: Roboto, HelveticaNeue-Light, \'Helvetica Neue Light\', \'Helvetica Neue\', Helvetica, Arial, sans-serif; font-size: 1.375rem; font-weight: bold;\">Manage Your Debt</span></p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">Between having a 9-5 job to maintain and starting not only your side business but spending time on your branding and networking across social media, all whilst maintaining your available cash and outgoings, can somewhat be stressful at times. Lowering your debt is key to growing as an entrepreneur; the above points will definitely assist with this. However, for extra help and a somewhat hands-off approach, I love to use tools such as Moneybox, which is a clever app that allows you to round up those purchases you make on your card to the nearest whole number. These pennies can then be added to my first point of financial investments via the app in a simple, hands-off approach. Another great tool that can be used to save money to lower those debts would be utilizing the likes of Monzo Bank, which allows saving pots to put aside a certain amount of money each month, all whilst monitoring your outgoings and incoming payments in a smart manner. All automated, allowing me to focus all my attention on my core side businesses.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">Entrepreneurs who have mastered the above methods to diversify their income are on the road to becoming a successful entrepreneur.</p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.entrepreneur.com/article/362790\">click here</a><span style=\"color: #000000;\">.</span></span></div>\n[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','4 Ways an Entrepreneur Should Diversify Their Income','','publish','closed','closed','','4-ways-an-entrepreneur-should-diversify-their-income','','','2021-03-23 17:32:41','2021-03-23 17:32:41','',0,'http://smartinsurance.tips/?page_id=1248',0,'page','',0),(1249,1,'2021-03-23 17:23:45','2021-03-23 17:23:45','<!-- wp:divi/placeholder /-->','4 Ways an Entrepreneur Should Diversify Their Income','','inherit','closed','closed','','1248-revision-v1','','','2021-03-23 17:23:45','2021-03-23 17:23:45','',1248,'http://smartinsurance.tips/1248-revision-v1/',0,'revision','',0),(1247,1,'2021-03-22 19:23:19','2021-03-22 19:23:19','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\" custom_margin=\"|108px||auto||\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 style=\"text-align: center;\"><span style=\"color: #0a0a0a;\"><strong>What is an umbrella liability policy?</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/03/Capture.jpg\" width=\"494\" height=\"397\" alt=\"\" class=\"wp-image-1242 aligncenter size-full\" /></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #050505;\">Your standard auto insurance or homeowners insurance will provide you with some liability coverage. If you are sued, those policies will pay up to your policy limits for legal judgments against you, as well as the related attorney\'s fees.</span></p>\n<p><span style=\"color: #050505;\">However, in our litigious society when a lawsuit settlement could very well wipe out your financial assets, you may want the extra protection for your assets that a personal umbrella liability policy provides.</span></p>\n<p><span style=\"color: #050505;\">An umbrella policy kicks in when you reach the limit on the underlying liability coverage in an auto, homeowners, renters or co-op / condo policy. It will also cover you for additional types of claims, such as libel and slander.</span></p>\n<p><span style=\"color: #050505;\">Because the personal umbrella policy pays out after the underlying coverage is exhausted, most insurers will want you to have about $250,000 of liability insurance on your auto policy and $300,000 of liability insurance on your homeowners policy before they will sell you an umbrella policy.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.iii.org/article/what-umbrella-liability\">click here</a></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What is an umbrella liability policy?','','inherit','closed','closed','','1244-revision-v1','','','2021-03-22 19:23:19','2021-03-22 19:23:19','',1244,'http://smartinsurance.tips/1244-revision-v1/',0,'revision','',0),(1236,1,'2021-03-22 18:54:29','2021-03-22 18:54:29','','Untitled_Clipping_032321_025422_AM','','inherit','open','closed','','untitled_clipping_032321_025422_am','','','2021-03-22 18:54:29','2021-03-22 18:54:29','',1232,'http://smartinsurance.tips/wp-content/uploads/2021/03/Untitled_Clipping_032321_025422_AM.jpg',0,'attachment','image/jpeg',0),(1240,1,'2021-03-22 19:02:32','2021-03-22 19:02:32','<!-- wp:divi/placeholder /-->','7 Habits to Help You Stay On Top of Your Finances','','inherit','closed','closed','','1239-revision-v1','','','2021-03-22 19:02:32','2021-03-22 19:02:32','',1239,'http://smartinsurance.tips/1239-revision-v1/',0,'revision','',0),(1237,1,'2021-03-22 18:55:49','2021-03-22 18:55:49','','Untitled_Clipping_032321_025422_AM','','inherit','open','closed','','untitled_clipping_032321_025422_am-2','','','2021-03-22 18:55:49','2021-03-22 18:55:49','',1232,'http://smartinsurance.tips/wp-content/uploads/2021/03/Untitled_Clipping_032321_025422_AM-1.jpg',0,'attachment','image/jpeg',0),(1239,1,'2021-03-22 19:02:32','2021-03-22 19:02:32','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\" hover_enabled=\"0\"][et_pb_row _builder_version=\"4.0.9\" custom_margin=\"|auto|-4px|auto||\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"articleHeader__title--1OFB2\" itemprop=\"headline\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>7 Habits to Help You Stay On Top of Your Finances</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\" hover_enabled=\"0\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/03/Capture.jpg\" width=\"494\" height=\"397\" alt=\"\" class=\"wp-image-1242 aligncenter size-full\" /></span></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<p><span style=\"color: #000000;\"> </span></p>\n<p><span style=\"color: #000000;\">If you struggle with staying on top of your finances and managing your debts, you are not alone. Whether you need to dig yourself out of extreme debt or you simply want to become more financially responsible, you should consider implementing these seven tips to help you stay on top of your finances.</span></p>\n<h2><span style=\"color: #000000;\">Automate Your Savings</span></h2>\n<p><span style=\"color: #000000;\">Saving money is one of the most difficult challenges people face. When that direct deposit reaches your checking account, it can be tempting to spend more than you should.</span></p>\n<p><span style=\"color: #000000;\">For this reason, you should set up automatic monthly transfers to your savings account. Consider how a percentage of your paycheck is automatically deducted for taxes. You don’t miss this money because you never saw or touched it. Automating your savings has the same effect—you will be far less tempted to spend money that never shows up in your checking account.</span></p>\n<p><span style=\"color: #000000;\">Some financial apps, like Chime, make this even easier by allowing you to automatically transfer a percentage of each deposit directly to your savings account.</span></p>\n<h2><span style=\"color: #000000;\">Create an Emergency Fund</span></h2>\n<p><span style=\"color: #000000;\">Life can be full of surprises—some worse than others. If your home is damaged by something not covered by your insurance, you get into a car accident, you have an unexpected medical emergency or any number of other incidents, you could end up in serious financial trouble.</span></p>\n<p><span style=\"color: #000000;\">As a result, it’s never a bad idea to set up an emergency fund to help cover unexpected expenses. A good rule of thumb is to try to save up at least three months’ worth of living expenses. Once this money has been set aside, be sure not to touch it for anything other than an emergency, no matter how tempting it might be.</span></p>\n<h2><span style=\"color: #000000;\">Stick to a Realistic Budget</span></h2>\n<p><span style=\"color: #000000;\">The most important aspect of developing healthy financial habits is to create and stick to a realistic budget.</span></p>\n<p><span style=\"color: #000000;\">You should be sure to:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Calculate your income</span></li>\n<li><span style=\"color: #000000;\">Quantify your necessary expenses</span></li>\n<li><span style=\"color: #000000;\">Make a plan for your leftover money</span></li>\n<li><span style=\"color: #000000;\">Cut out unnecessary spending</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Consider using apps like Mint or PocketGuard to help create a reasonable budget.</span></p>\n<h2><span style=\"color: #000000;\">Cut Out Unnecessary Expenses</span></h2>\n<p><span style=\"color: #000000;\">Nearly everyone can trim their monthly expenses by identifying and cutting out unnecessary expenses. Especially if you are using credit cards or personal loan companies, like Affirm, to pay for things you can’t afford, you should take a look at those expenses and cut them out. This could include a variety of spending categories, such as:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Streaming services that you do not use regularly (i.e., Netflix, Hulu, HBO, etc.)</span></li>\n<li><span style=\"color: #000000;\">Eating out</span></li>\n<li><span style=\"color: #000000;\">Overspending on groceries and clothes</span></li>\n<li><span style=\"color: #000000;\">Gym memberships</span></li>\n</ul>\n<p><span style=\"color: #000000;\">These expenses, among others, can add up to well over $100 per month that would be better off being put toward your debts.</span></p>\n<h2><span style=\"color: #000000;\">Invest in a Retirement Fund</span></h2>\n<p><span style=\"color: #000000;\">Investing in a retirement fund is one of the best things you can do while you’re still working. This is another habit that many young professionals avoid, as they would rather hang onto their money. However, you will surely be glad you decided to invest in yourself once you grow older.</span></p>\n<p><span style=\"color: #000000;\">There are several retirement plans to choose from, so be sure to do your research and find which one best suits your needs. Additionally, you should talk to your employer about retirement options, as many companies offer 401(k) matching.</span></p>\n<h2><span style=\"color: #000000;\">Pay Off Credit Cards Every Month</span></h2>\n<p><span style=\"color: #000000;\">Credit cards should be used with the intention of paying off the balance before interest accrues. However, many Americans will leave a balance on their credit cards for several months to several years. What makes this worse is that credit card companies typically charge very high interest rates.</span></p>\n<p><span style=\"color: #000000;\">Credit cards do not need to be avoided altogether, though, as many of them offer incredible benefits such as cash rewards and airline miles. However, one of the most basic principles of financial responsibility is to pay off your credit card balance in full every month.</span></p>\n<h2><span style=\"color: #000000;\">Make a Plan to Pay Off Your Debt</span></h2>\n<p><span style=\"color: #000000;\">A good rule is to treat your credit cards the same way as a debit card. Only spend money that is currently available to you unless it is an absolute emergency.</span></p>\n<p><span style=\"color: #000000;\">Once you have established good financial habits to help you avoid accumulating additional debt, you should create a plan to pay off your existing debts.</span></p>\n<p><span style=\"color: #000000;\">One common method is the snowball method. The snowball method suggests that you should pay off your smallest debts first before moving on to larger ones. This tends to motivate you to continue paying off your debts as you feel satisfaction from getting rid of your smaller balances.</span></p>\n<p><span style=\"color: #000000;\">Another option is to target your high-interest debts. This can help you save the most money in the long-run and is ideal for individuals who don’t need the additional motivation provided by the snowball method. Others use a debt consolidation loan to lower their interest rate and pay less on the debt over time.</span></p>\n<p><span style=\"color: #000000;\">Whichever method you choose, be sure that you can stick to it for the longterm.</span></p>\n<p><span style=\"color: #000000;\">Managing your finances can be quite difficult and stressful. These seven financial literacy tips are great options to help you trim your debts and stay on top of your finances.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://thriveglobal.com/stories/7-habits-to-help-you-stay-on-top-of-your-finances/?stat=524733&amp;socialnet=linkedin&amp;lnkey=9913166\">click here</a>.</span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','7 Habits to Help You Stay On Top of Your Finances','','publish','closed','closed','','7-habits-to-help-you-stay-on-top-of-your-finances','','','2021-03-22 19:13:45','2021-03-22 19:13:45','',0,'http://smartinsurance.tips/?page_id=1239',0,'page','',0),(1238,1,'2021-03-22 18:57:53','2021-03-22 18:57:53','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Best Banks of 2021</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<div id=\"article-intro_1-0\" class=\"comp article-content__description article-container expert-content article-intro prm-sc-page mntl-sc-page mntl-block\">\n<p class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/03/Untitled_Clipping_032321_025422_AM-1024x684.jpg\" width=\"641\" height=\"428\" alt=\"\" class=\"wp-image-1236 aligncenter size-large\" /></span></p>\n<p id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">If you\'re like most Americans, your bank lies at the heart of your personal finances. Your checking account is the place money comes in and goes out, and a savings account helps you stash funds away for an emergency or big savings goal. Choosing a bank is not always easy, and what\'s best for you may be different than what\'s best for someone else.</span></p>\n<p id=\"mntl-sc-block_1-0-1\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Look for the features that matter the most to you: If you\'re a frequent traveler, you might want a bank that reimburses you for other banks\' ATM fees. If you work for tips, then you\'ll want a bank that takes cash deposits. And in the era of online banking, some institutions don\'t even exist as brick-and-mortar branches, so that\'s a new factor to consider. </span></p>\n<p id=\"mntl-sc-block_1-0-2\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">For many people, online banking is the primary way they manage their accounts, so you may want to look for a bank that offers bill pay, remote check deposits and basic self-service from your computer or a mobile app. Instant transfer services are another convenient feature to look for—if you want a cash-free way to send money to friends, be on the lookout for banks that offer products like Zelle, which allow you to instantly transfer funds to other accounts without an extra app (even better if you can send and receive without paying any fees).</span></p>\n<p id=\"mntl-sc-block_1-0-3\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Speaking of which, fees are a very important thing to look for before you open a new account. Many banks charge monthly maintenance fees unless you meet specific minimum balance or activity requirements. Be on the lookout for accounts with no monthly fees so you don’t have to worry about these types of charges.</span></p>\n<p id=\"mntl-sc-block_1-0-4\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Whether you\'re setting up a teen\'s first checking account, or just looking for a way to up the interest rate on your nest egg, we\'ve rounded up the best banks based on your potential needs and preferences. We partnered with the following banks to bring you the savings account offers in the table below. Under that, you\'ll find our editors\' picks for the best banks and why we chose them. All of the banks and credit unions listed are insured by the Federal Deposit Insurance Corporation or National Credit Union Administration.</span></p>\n<div id=\"mntl-sc-block_1-0-5\" class=\"comp mntl-sc-block--ma-rate-table--money-mma mntl-sc-block mntl-sc-block-tool mntl-block\" style=\"text-align: justify;\">\n<div id=\"ma-rate-table--money-mma_1-0\" class=\"comp ma-rate-table--money-mma mntl-block\"></div>\n</div>\n<p style=\"text-align: justify;\"><span class=\"heading-toc\" id=\"best-banks-of-2021\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_1-0-6\" class=\"comp mntl-sc-block mntl-sc-block-heading\" style=\"text-align: justify;\"><span class=\"mntl-sc-block-heading__text\" style=\"color: #000000;\">Best Banks of 2021</span></h2>\n<ul id=\"mntl-sc-block_1-0-7\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\"><strong>Ally</strong>: Best Bank Overall</span></li>\n<li><span style=\"color: #000000;\"><strong>Chase</strong>: Best Bank for Customer Service</span></li>\n<li><span style=\"color: #000000;\"><strong>Wells Fargo</strong>: Best Bank for Teenagers</span></li>\n<li><span style=\"color: #000000;\"><strong>Simple</strong>: Best Bank for College Students</span></li>\n<li><span style=\"color: #000000;\"><strong>Capital One</strong>: Best Bank for Millennials</span></li>\n<li><span style=\"color: #000000;\"><strong>USAA</strong>: Best Bank for Military Members</span></li>\n<li><span style=\"color: #000000;\"><strong>Charles Schwab Bank</strong>: Best Bank for International Travelers</span></li>\n<li><span style=\"color: #000000;\"><strong>Capital One Spark Business</strong>: Best Bank for Small Businesses</span></li>\n</ul>\n</div>\n<div id=\"article-body_1-0\" class=\"comp article-body mntl-block\">\n<div id=\"article-body__left-nav_1-0\" class=\"comp left-nav article-body__left-nav mntl-block\" style=\"text-align: justify;\"></div>\n<div id=\"list-sc-item_1-0\" class=\"comp mntl-sc-list-item list-sc-item mntl-block\" style=\"text-align: justify;\">\n<div id=\"list-sc-item__container_1-0\" class=\"comp article-content__description article-container expert-content list-sc-item__container mntl-block\">\n<p><span class=\"heading-toc\" id=\"ally-best-bank-overall\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_2-0\" class=\"comp mntl-sc-list-item-title mntl-sc-block mntl-sc-block-heading\"><span style=\"color: #000000;\">Ally: Best Bank Overall</span></h2>\n<p id=\"mntl-sc-block_2-0-1\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Our pick for the best overall bank is Ally. Ally is an online-only bank with industry-leading checking and savings account options. Due to a combination of good customer service, low fees, and high-interest rates, Ally is a winner.</span></p>\n<p id=\"mntl-sc-block_2-0-2\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Ally’s online checking account charges almost no fees and is packed with useful features. It even pays interest. For savings, Ally’s high yield account offers among the best interest rates in the industry.</span></p>\n<p id=\"mntl-sc-block_2-0-3\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Ally customers get access to online banking, mobile check deposits, up to a $10/month refund for other bank ATM fees, quick transfers with Zelle, and 24/7 customer service with access to a human.</span></p>\n<p id=\"mntl-sc-block_2-0-4\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">The only downside: like all online banks, you can’t deposit cash. If you regularly receive cash or work in a job that involves getting paid in tips, Ally probably isn’t the best choice for you. For everyone else, however, Ally offers some compelling accounts with great service.</span></p>\n</div>\n</div>\n<div id=\"list-sc-item_1-0-1\" class=\"comp mntl-sc-list-item list-sc-item mntl-block\" style=\"text-align: justify;\">\n<div id=\"list-sc-item__container_1-0-1\" class=\"comp article-content__description article-container expert-content list-sc-item__container mntl-block\">\n<p><span class=\"heading-toc\" id=\"chase-best-bank-for-customer-service\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_2-0-5\" class=\"comp mntl-sc-list-item-title mntl-sc-block mntl-sc-block-heading\"><span style=\"color: #000000;\">Chase: Best Bank for Customer Service</span></h2>\n<p id=\"mntl-sc-block_2-0-6\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Chase Bank ranked second in last year’s national J.D. Power National Bank Satisfaction Study and is one of two banks that received a perfect rating in the JDPower.com Power Circle Ratings. But for banks that operate in nearly every part of the country, Chase stands out as the best for customer service.</span></p>\n<p id=\"mntl-sc-block_2-0-7\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Unlike most of the banks on this list that have an online-only focus, Chase offers one of the biggest networks of branch locations in the United States with over 5,000 locations. And due to its size, Chase offers accounts for pretty much everyone. That includes checking, savings, mortgage, credit card, and investment accounts.</span></p>\n<p id=\"mntl-sc-block_2-0-8\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Chase is one of a few financial institutions that really let you do all of your banking under one roof, and that helps simplify your banking experience (a plus for many banking customers).</span></p>\n<p id=\"mntl-sc-block_2-0-9\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">The biggest downside of Chase is that, like most large brick-and-mortar banks, it charges a lot of fees and offers pitifully low-interest rates on savings accounts. But if you keep a certain minimum balance or meet activity requirements, you can avoid most fees.</span></p>\n<p id=\"mntl-sc-block_2-0-10\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Want to learn more? Check out our full review of Chase Bank.</span></p>\n</div>\n</div>\n<div id=\"list-sc-item_1-0-2\" class=\"comp mntl-sc-list-item list-sc-item mntl-block\" style=\"text-align: justify;\">\n<div id=\"list-sc-item__container_1-0-2\" class=\"comp article-content__description article-container expert-content list-sc-item__container mntl-block\">\n<p><span class=\"heading-toc\" id=\"wells-fargo-best-bank-for-teenagers\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_2-0-11\" class=\"comp mntl-sc-list-item-title mntl-sc-block mntl-sc-block-heading\"><span style=\"color: #000000;\">Wells Fargo: Best Bank for Teenagers</span></h2>\n<p id=\"mntl-sc-block_2-0-12\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Teens are in a position to learn important lessons that can influence their long-term financial well being — and it starts with learning how to responsibly use a bank account. That requires access to a bank branch, a big network of ATMs, and a good place to keep money from part-time jobs.</span></p>\n<p id=\"mntl-sc-block_2-0-13\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Wells Fargo has certainly found itself in the midst of multiple scandals recently, but it still stands out as the best bank for teens thanks to its 6,000 branches and 13,000 ATMs.</span></p>\n<p id=\"mntl-sc-block_2-0-14\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Their teen checking account requires a $25 opening deposit, but has no monthly fee. However, beware of overdraft and other fees once you open the account. While it is a great account for new learners, it is still a real bank account with real fees.</span></p>\n<p id=\"mntl-sc-block_2-0-15\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">You can also read our full review of Wells Fargo.</span></p>\n</div>\n</div>\n<div id=\"list-sc-item_1-0-3\" class=\"comp mntl-sc-list-item list-sc-item mntl-block\" style=\"text-align: justify;\">\n<div id=\"list-sc-item__container_1-0-3\" class=\"comp article-content__description article-container expert-content list-sc-item__container mntl-block\">\n<p><span class=\"heading-toc\" id=\"simple-best-bank-for-college-students\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_2-0-16\" class=\"comp mntl-sc-list-item-title mntl-sc-block mntl-sc-block-heading\"><span style=\"color: #000000;\">Simple: Best Bank for College Students</span></h2>\n<p id=\"mntl-sc-block_2-0-17\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">College students can easily fall into the trap of poor financial decisions, whether it\'s racking up big credit card debt or student loans without a full understanding of the consequences.</span></p>\n<p id=\"mntl-sc-block_2-0-18\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Simple is great for college students because it has budgeting built into its online and mobile banking apps. It also doesn\'t charge any fees. (Really!) The only fee you might pay is for using an ATM outside of the 40,000 ATMs in the Allpoint network and a small fee from Visa when using your debit card outside of the United States.</span></p>\n<p id=\"mntl-sc-block_2-0-19\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">For digital natives, the mobile-first banking experience is easy to navigate and very user-friendly. And the goal-setting and safe-to-spend features should keep even distracted college students out of financial trouble.</span></p>\n<p id=\"mntl-sc-block_2-0-20\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Want some more information? Read our full review of Simple.</span></p>\n</div>\n</div>\n<div id=\"list-sc-item_1-0-4\" class=\"comp mntl-sc-list-item list-sc-item mntl-block\" style=\"text-align: justify;\">\n<div id=\"list-sc-item__container_1-0-4\" class=\"comp article-content__description article-container expert-content list-sc-item__container mntl-block\">\n<p><span class=\"heading-toc\" id=\"capital-one-best-bank-for-millennials\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_2-0-21\" class=\"comp mntl-sc-list-item-title mntl-sc-block mntl-sc-block-heading\"><span style=\"color: #000000;\">Capital One: Best Bank for Millennials</span></h2>\n<p id=\"mntl-sc-block_2-0-22\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Capital One 360 Checking and 360 Savings are both best-in-class accounts. Low fees, good interest rates, and a focus on a high-tech experience all make Capital One a top overall bank, and our number one pick for millennials. This bank was also our runner-up for the best bank overall, so it may be a good choice beyond the millennial demographic.</span></p>\n<p id=\"mntl-sc-block_2-0-23\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">If you have an overdraft, you can choose to have it funded from a linked account or turned down automatically for no fee. This bank also offers free ATM use at Allpoint and Capital One ATMs. And, like the 360 Checking account, 360 Savings offers among the best interest rates in the industry with no minimum balance or activity requirements. If you hate fees and want a bank account that just works, Capital One is a good choice.</span></p>\n</div>\n</div>\n<div id=\"list-sc-item_1-0-5\" class=\"comp mntl-sc-list-item list-sc-item mntl-block\" style=\"text-align: justify;\">\n<div id=\"list-sc-item__container_1-0-5\" class=\"comp article-content__description article-container expert-content list-sc-item__container mntl-block\">\n<p><span class=\"heading-toc\" id=\"usaa-best-bank-for-military-members\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_2-0-24\" class=\"comp mntl-sc-list-item-title mntl-sc-block mntl-sc-block-heading\"><span style=\"color: #000000;\">USAA: Best Bank for Military Members</span></h2>\n<p id=\"mntl-sc-block_2-0-25\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">What started as the United Services Automobile Association is now the best bank in the country for military families and veterans. Because military members are likely to move often and have some unique needs and challenges, going to a military-specific bank may be a smart choice, particularly for anyone on active duty.</span></p>\n<p id=\"mntl-sc-block_2-0-26\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">USAA also offers very good insurance, so if you do become a member for banking, don’t overlook options for home, auto, and other insurance you may need. You may be able to get a better policy at a better price than non-military can elsewhere.</span></p>\n<p id=\"mntl-sc-block_2-0-27\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">For banking, USAA offers a range of checking and savings accounts to meet your needs. The basic free checking has no monthly fees or minimum balance requirements. Accounts also include some of the latest online banking features including mobile deposits, mobile wallet support, and fast transfers with Zelle.</span></p>\n</div>\n</div>\n<div id=\"list-sc-item_1-0-6\" class=\"comp mntl-sc-list-item list-sc-item mntl-block\" style=\"text-align: justify;\">\n<div id=\"list-sc-item__container_1-0-6\" class=\"comp article-content__description article-container expert-content list-sc-item__container mntl-block\">\n<p><span class=\"heading-toc\" id=\"charles-schwab-bank-best-bank-for-international-travelers\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_2-0-28\" class=\"comp mntl-sc-list-item-title mntl-sc-block mntl-sc-block-heading\"><span style=\"color: #000000;\">Charles Schwab Bank: Best Bank for International Travelers</span></h2>\n<p id=\"mntl-sc-block_2-0-29\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Charles Schwab is best known for its brokerage business, but this finance company does a lot more than stocks and bonds. Charles Schwab offers a full-featured online bank complete with checking and savings account options.</span></p>\n<p id=\"mntl-sc-block_2-0-30\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Schwab Bank is convenient for anyone with an existing Schwab relationship, but the checking account offers a big draw to anyone who loves to travel. Charles Schwab charges no ATM fees and reimburses all other bank ATM fees from anywhere in the world. You can use your card in New York or New Delhi without paying any fees.</span></p>\n<p id=\"mntl-sc-block_2-0-31\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Schwab Bank accounts charge no monthly fees and low fees for some irregular activity like sending a wire. Unlike most online banks, you can also visit any Schwab branch to deposit a check (although with mobile deposit, you probably won’t need to visit a branch).</span></p>\n<p id=\"mntl-sc-block_2-0-32\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Schwab is a top-rated low-fee brokerage as well, and a linked brokerage account is required to open an Investor Checking account. With the amazing customer service and a good selection of account options, you may want to consolidate all of your banking and investing under the Schwab umbrella.</span></p>\n<p id=\"mntl-sc-block_2-0-33\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">You can also read through our full review of Charles Schwab Bank. </span></p>\n</div>\n</div>\n<div id=\"list-sc-item_1-0-7\" class=\"comp mntl-sc-list-item list-sc-item mntl-block\" style=\"text-align: justify;\">\n<div id=\"list-sc-item__container_1-0-7\" class=\"comp article-content__description article-container expert-content list-sc-item__container mntl-block\">\n<p><span class=\"heading-toc\" id=\"capital-one-spark-business-best-bank-for-small-businesses\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_2-0-34\" class=\"comp mntl-sc-list-item-title mntl-sc-block mntl-sc-block-heading\"><span style=\"color: #000000;\">Capital One Spark Business: Best Bank for Small Businesses</span></h2>\n<p id=\"mntl-sc-block_2-0-35\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">Business bank accounts tend to come with far more fees than personal accounts, but Capital One Spark Business changes that. Spark Business offers checking and savings accounts for businesses with almost no fees for its online banking.</span></p>\n<p id=\"mntl-sc-block_2-0-36\" class=\"comp mntl-sc-block mntl-sc-block-html\"><span style=\"color: #000000;\">There have been some known bugs in the signup process, so new checking accounts are temporarily suspended. Right now it is new savings only. But they should be re-opening new checking accounts any time, so keep an eye out regarding those changes. </span></p>\n</div>\n</div>\n<div id=\"article-outro_1-0\" class=\"comp article-container article-outro mntl-block\">\n<div id=\"article-outro__left-nav_1-0\" class=\"comp left-nav article-outro__left-nav mntl-block\" style=\"text-align: justify;\"></div>\n<div id=\"article-outro__content_1-0\" class=\"comp expert-content article-outro__content prm-sc-page mntl-sc-page mntl-block\">\n<p style=\"text-align: justify;\"><span class=\"heading-toc\" id=\"what-are-the-different-types-of-banks\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_3-0\" class=\"comp mntl-sc-block mntl-sc-block-heading\" style=\"text-align: justify;\"><span class=\"mntl-sc-block-heading__text\" style=\"color: #000000;\">What Are the Different Types of Banks?</span></h2>\n<p id=\"mntl-sc-block_3-0-1\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Banks include many types of financial institutions. The most popular types of banks include: </span></p>\n<ul id=\"mntl-sc-block_3-0-2\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\">Central banks</span></li>\n<li><span style=\"color: #000000;\">Commercial banks</span></li>\n<li><span style=\"color: #000000;\">Retail banks</span></li>\n<li><span style=\"color: #000000;\">Investment banks</span></li>\n<li><span style=\"color: #000000;\">Private banks</span></li>\n<li><span style=\"color: #000000;\">Credit unions</span></li>\n<li><span style=\"color: #000000;\">Online banks</span></li>\n</ul>\n<p id=\"mntl-sc-block_3-0-3\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">When most people refer to banks, they think of retail banks or credit unions, which both specialize in targeting consumers for their personal finance needs. At these types of banks, consumers can keep their money safe, save for a specific purpose, get financial advice, and apply for loans. </span></p>\n<p style=\"text-align: justify;\"><span class=\"heading-toc\" id=\"what-services-does-a-bank-offer\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_3-0-4\" class=\"comp mntl-sc-block mntl-sc-block-heading\" style=\"text-align: justify;\"><span class=\"mntl-sc-block-heading__text\" style=\"color: #000000;\">What Services Does a Bank Offer?</span></h2>\n<p id=\"mntl-sc-block_3-0-5\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">The services a bank offers depends on the type of bank. A bank may offer anything from an account to keep your money secure to a loan to buy a car or a house. If you’re looking to invest in financial instruments like stocks, you’ll need an investment bank. If you’re a business owner looking to get a loan or an account for your business, you’ll need to find a commercial bank. </span></p>\n<p style=\"text-align: justify;\"><span class=\"heading-toc\" id=\"how-do-i-decide-what-bank-to-use\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_3-0-6\" class=\"comp mntl-sc-block mntl-sc-block-heading\" style=\"text-align: justify;\"><span class=\"mntl-sc-block-heading__text\" style=\"color: #000000;\">How Do I Decide What Bank to Use?</span></h2>\n<p id=\"mntl-sc-block_3-0-7\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Choosing the right bank for you depends on what type of bank you need. Once you know you’re looking for a retail bank, for example, then you’ll need to find one that is convenient to you, has the experience to service your specific needs, and has a history of successful money management. It’s important to feel confident in the bank you’re working with. You should also consider the interest rates on any products you’re interested in. If you’re looking for a CD, compare CD rates to help you decide which bank to work with.  </span></p>\n<p style=\"text-align: justify;\"><span class=\"heading-toc\" id=\"how-much-do-bank-services-cost\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_3-0-8\" class=\"comp mntl-sc-block mntl-sc-block-heading\" style=\"text-align: justify;\"><span class=\"mntl-sc-block-heading__text\" style=\"color: #000000;\">How Much Do Bank Services Cost?</span></h2>\n<p id=\"mntl-sc-block_3-0-9\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Bank services are typically affordable. For an individual opening a checking or savings account, you may pay a monthly fee, but many banks waive the fee if you meet criteria like maintaining a set account balance. For services like depositing a check or withdrawing funds, there’s no additional fee at most institutions. </span></p>\n<p id=\"mntl-sc-block_3-0-10\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">If you need a loan, shop several banks to find the bank offering the lowest interest rates and fees. Most traditional bank services are included when you open an account of any kind at a bank. </span></p>\n<p style=\"text-align: justify;\"><span class=\"heading-toc\" id=\"how-we-chose-the-best-banks\" style=\"color: #000000;\"></span></p>\n<h2 id=\"mntl-sc-block_3-0-11\" class=\"comp mntl-sc-block mntl-sc-block-heading\" style=\"text-align: justify;\"><span class=\"mntl-sc-block-heading__text\" style=\"color: #000000;\">How We Chose the Best Banks</span></h2>\n<p id=\"mntl-sc-block_3-0-12\" class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">We looked at over two dozen of the best banks nationwide and narrowed the list down to the best eight based on several factors and services. The factors that helped us decide on the best included the experience of the bank, the services each offers, how much their fees are, what the APY (Annual Percentage Yield) is on a standard checking and savings account, and the account minimums to earn interest. Most of the best banks have no minimum balance requirement and have an APY above 0.30%. </span></p>\n<p class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\">To read the full article, click</span> <a href=\"https://www.thebalance.com/best-banks-4165386\">here</a><span style=\"color: #000000;\">.</span></p>\n<p class=\"comp mntl-sc-block mntl-sc-block-html\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n</div>\n</div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Best Banks of 2021','','inherit','closed','closed','','1232-revision-v1','','','2021-03-22 18:57:53','2021-03-22 18:57:53','',1232,'http://smartinsurance.tips/1232-revision-v1/',0,'revision','',0),(1850,1,'2021-08-10 00:44:31','2021-08-10 00:44:31','<!-- wp:gallery {\"ids\":[1853],\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery columns-1 is-cropped\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/08/My-Post-6-1024x536.png\" alt=\"\" data-id=\"1853\" data-full-url=\"http://smartinsurance.tips/wp-content/uploads/2021/08/My-Post-6.png\" data-link=\"http://smartinsurance.tips/how-wifi-calling-benefits-your-business/my-post-6-5/\" class=\"wp-image-1853\"/></figure></li></ul></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Technology has changed the way businesses make voice calls. Wi-Fi calling can help certain entrepreneurs and offices cut their traditional phone lines, saving money and making the most of the resources they already have. If you’re interested in learning more about Wi-Fi calls, here’s a beginner’s guide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What is Wi-Fi Calling?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Wi-Fi calling is a mobile phone feature that allows you to text and make voice calls using your phone’s Wi-Fi connection instead of your traditional cellular network. It’s available on most major smartphones, including iPhone and Android phones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You simply have to enable WiFi calling in your phone’s settings and have access to a WiFi connection to use this feature. The exact process varies by device. Additionally, there are some third party apps that allow users to make WiFi calls, like Facebook Messenger and WhatsApp.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What is the Point of Wi-Fi Calling?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cellular networks don’t cover every area, and they occasionally have outages. With WiFi calling, you can use the WiFi connection at your home or business as a backup. This prevents you from dropping calls and allows you to stay in touch even when your cellular service fails.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, you can make calls in an area with spotty reception. You can even send texts on airplanes using WiFi. Technically, you could even make voice and video calls on planes as well, but most airlines prohibit this. WiFi calling may also come in handy for those who have met the limits of their cellular plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Is Wi-Fi Calling Free?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>WiFi calls within the U.S. are generally free, as long as you have a device that supports this feature. It’s included on popular Android smartphones and iPhones. However, you may need to pay for your own wireless network at home or at the office. If you plan to make WiFi calls on the road, you may need to purchase a hotspot, which often retails for between $20 and $50.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>11 Ways Wi-Fi Calling Will Benefit Your Business</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>WiFi calling generally allows people to be more connected. In today’s mobile business environment, the importance of this cannot be overstated. Here are some specific benefits for business owners to consider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>1. You can Make Calls in Areas with Low Cellular Connection</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Today, people generally expect access to cellular service just about everywhere. However, there are still areas with limited coverage. And no business owner wants to find themselves in a dead zone when they have an important call or video meeting scheduled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here are some places where you may need WiFi calling to communicate:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Trains or public transit</li><li>Dead zones in offices (This is especially common in concrete buildings)</li><li>Elevators</li><li>Basement home offices</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>2. Making Wi-Fi Calls Saves Time</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you’re in an area with little or no cell reception, traditional calls may get dropped. This doesn’t just look unprofessional; it can waste precious meeting time. With WiFi calling, your calls won’t get dropped as long as you have a reliable connection. So you can spend more time communicating and less time dealing with technology.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>3. No App Download is Needed</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Smartphones have apps for just about everything. But these take valuable space on your device and require extra steps that many entrepreneurs don’t have time for. WiFi calling is already available on most devices. So it’s easy to get started and use.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>4. Making Calls over WiFi Does not Use any Talk Time</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most cell phone plans only have a certain amount of talk time each month. If you make a lot of voice calls, you may have to pay extra fees or purchase a plan with more time. However, WiFi calls don’t contribute to this number. So if you’re low on minutes for the rest of the month, they can help you save money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>5. It Results in Better Quality Calls</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Call quality can make your business look more professional. If you both have a strong WiFi connection, this option may help you both hear more clearly. This allows you to be more productive and focused as you communicate. It also limits disruptions and shows clients or potential partners that you’re willing to invest in quality communication solutions for your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>6. A Wi-Fi Call Uses Your Phone Number</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Wi-Fi calling doesn’t require a separate line or number. So you don’t need to confuse contacts by giving them multiple ways of contacting you. And when you get in touch with others, they should always know who is calling. Basically, it’s a really simple solution when you don’t want to use a regular cellular connection. If, however, you want a dedicated number, there are apps that give you a phone number. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>7. It Includes No Add On Services</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You also don’t need an extra plan or service to take advantage of this feature. Simply enable Wi-Fi calling or put your phone in airplane mode and it should work automatically.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>8. It Is Supported by Most Phones</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you have a smartphone, it probably already comes with this feature. So you don’t need to purchase a new device or do extensive research when it’s time for an update. This also means that the majority of your team and the people you call should have access to Wi-Fi calling.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>What phones support Wi-Fi calling?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most current smartphones use Wi-Fi calling. Here are some popular ones:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Apple iPhone 6 and later</li><li>Samsung Galaxy A01 and later</li><li>Google Pixel</li><li>Microsoft Lumia</li><li>Motorola Moto phones</li><li>LG Fortune, Escape, Harmony, and Stylo</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>9. Video Calls Can be Like Regular Calls</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most smartphones can also host video calls. And with Wi-Fi calling, you can use this feature just as you would with a voice call – just enable your phone’s video call feature (i.e. FaceTime for iPhones). This can be less complicated than setting up brand new VoIP calls or video streams to host these conferences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>10. There are No Fees for Incoming Calls on a Wi-Fi Network</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>WiFi calling is generally free within the U.S. And it’s always free when you receive calls. So you don’t need to factor extra money into your communication budget if you already pay for a wireless network.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>11. You Can Also Send Text Messages Over Wi-Fi</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A strong Wi-Fi network doesn’t just give you access to voice calls. You can also send text messages to team members, partners, and clients. This is perfect if you just need to send a quick update or ask a simple question while on the go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Things to Note Before Using Wi-Fi Calling</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The pros of Wi-Fi calling almost certainly outweigh the cons for many business users. But it’s not right for every situation. Here are some things to consider before relying on Wi-Fi for any important upcoming phone calls.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Weak Wi-Fi Connection Equals Problems</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Just as weak cellular coverage may lead to dropped calls or low quality, so can a weak Wi-Fi signal. Internet signal strength varies based on your distance from a router, the amount of people connected, and any potential obstructions. This can be especially relevant for those in large offices where the router is far away or near concrete walls or appliances, which can block the signal. Get to know the spots in your home and/or office where the signal is strongest (often close to the router) and use those for important Wi-Fi phone calls.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>There are Restrictions on International Calls</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Wi-Fi calling within the U.S. is usually free. But you may have to pay for international calls, since these are not technically made using only Wi-Fi. For example, T-Mobile customers may pay $0.25 per minute when roaming. It’s the same for Wi-Fi calls as it is for traditional cellular phone calls. Specific rates vary based on your international calling plan. So get to know these rates to avoid surprises when calling internationally.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Not All Phones Have a Wi-Fi Calling Feature</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most modern smartphones have Wi-Fi calling. And all the major U.S. carriers support it on these devices. But it’s not included on older cell phones or office phones. If you or the person you’re calling doesn’t have a device that supports this feature, it may not be an option.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How to Set up and Enable Wi-Fi Calling</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not all phones have a Wi-Fi calling feature. And those that do generally don’t come with it automatically enabled. So before you make a Wi-Fi call, you’ll need to make sure your phone is HD voice-enabled and connected to a Wi-Fi network. Then you must enable Wi-Fi calling before making your first call or text. Here’s how to do that on some of today’s most popular devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>How to Setup WiFi Calling on Android Devices</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most modern Android phones make it easy to set up Wi-Fi calling. Before you can make phone calls using Wi-Fi, you simply need to enable the feature on your device. This allows you to call or text where no service is available or when your phone is in airplane mode, which stops it from connecting to a cellphone tower. Here’s how to do this on an Android phone:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>Go to your phone’s settings section and select Networks &amp; Internet</li><li>Click the mobile network option</li><li>Turn on Wi-Fi</li><li>Click the Advanced settings option</li><li>Scroll down to where it says “Wi-Fi calling,” toggle on the option</li><li>Enter your emergency address when prompted, since emergency services don’t automatically get your location if you call using Wi-Fi</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>How to Set up Wi-Fi Calling on iPhone Devices</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>For those with an Apple device, making calls with Wi-Fi instead of cellular service is automatic as long as you activate this feature first. If you have an iPhone, here are the steps needed to enable Wi-Fi calling on your wireless device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>Go to your phone’s settings and select “Phone”</li><li>Scroll down to where it says WiFi Calling and toggle it on</li><li>Enter or confirm your address in case you need to make emergency calls</li><li>Connect to a WiFi network</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2>How to Make a Call with the Wi-Fi Calling Feature</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you enable Wi-Fi calling, you don’t have to take many special steps to make calls. The exact process varies by device. But here’s a basic guide:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>Activate Wi-Fi calling in your phone’s settings</li><li>Connect to a Wi-Fi network</li><li>Dial or text as usual</li><li>If you’re making an emergency call, provide your location either in your phone’s settings or at the beginning of the call.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2>How do I use Wi-Fi calling on my Samsung phone?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Popular Samsung phones like the Galaxy series generally include Wi-Fi calling if purchased within the last several years. Each specific phone may vary a bit, but here’s usually how it works:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>Tap the three vertical dots in your phone app</li><li>Go to Settings and tap Wi-Fi Calling</li><li>Toggle the switch over to turn the feature on</li><li>Certain phones also allow you to activate Wi-Fi Calling from the Quick Settings Panel</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2><strong>What’s the difference between cellular data and Wi-Fi calling?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Both cellular data and Wi-Fi allow you to connect to the internet on your phone. However, when you connect using your cellular network, it comes from the monthly allowance you signed up for with your phone provider. Some plans offer unlimited data with text and voice calling, but many have limits. And you’ll usually pay overage charges if you surpass them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you use Wi-Fi calling, it doesn’t come out of your phone plan. You just need to be connected to a Wi-Fi network at your home or business. Cellular calls are often better if you have a strong signal. But Wi-Fi calls are preferred if your cell signal is weak or if you’re over your monthly cellular allowance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Do I want Wi-Fi calling on or off?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Wi-Fi calling is generally a good idea in areas where you have a strong Wi-Fi signal but spotty access to your cellular network. For example, you might enable it on public transit or office dead zones. But your cellular coverage is likely stronger in other areas, so you may toggle it off in those instances. You can easily turn Wi-Fi calling on and off. So try it both ways and see what works best for you in various instances. Generally, it’s best to turn Wi-Fi calling off before making emergency calls. But many carriers will automatically connect you to a cell tower when you make an emergency call, if a signal is available.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Does Wi-Fi calling save your battery life?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Yes. When you call with Wi-Fi, your phone only needs to send a signal to your router, which is likely close by. When you call with cell service, your phone needs to reach the nearest cell tower, which is almost always further away. This may not make a huge difference for most users. But it can be noticeable for those who are far from cell towers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Do Wi-Fi calls show on your phone bill?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Wi-Fi calls sometimes show up on your phone bill, but not always. If you are connected to a Wi-Fi network at your home or office, then the Wi-Fi call likely will not appear on your bill. You simply pay your internet carrier for access. And that allows you to make calls when you’re on the same network. However, if you aren’t connected to an outside network, you’ll use your phone’s data plan, which does appear on your phone bill.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Does Wi-Fi calling work without a SIM?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Yes, you can make a Wi-Fi call on a device without a SIM card. All you need is a phone that has Wi-Fi calling capabilities and access to the internet. If you purchased a smartphone in the U.S. within the past five years, it likely has the ability to make Wi-Fi calling work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Is Wi-Fi calling better than 4G?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Wi-Fi calling lets you place calls and texts without access to a cellular connection. Calling with 4G does require you to be close to a cell tower. Some Wi-Fi calls get slightly delayed if the connection isn’t strong. But this feature does let you make calls in areas with limited cell service. It can also keep your cell phone bill reasonable if you’re always near the limits of your cellular data usage. Generally, Wi-Fi calling is helpful as long as you have access to a strong internet connection. But 4G may be better if you’re always out and about, or if you travel or call internationally, since overseas Wi-Fi calling isn’t free.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Is Wi-Fi calling the same as VoLTE?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>No, VoLTE still requires access to a cell signal, while Wi-Fi calling does not. VoLTE stands for voice over long-term evolution. This means you can use it to place voice calls using your phone’s signal. It aims to be faster than other types of signals like 3G. And you don’t need to be connected to a Wi-Fi signal at your home or office to use it. With Wi-Fi calling, you do need access to the internet, but you don’t need to be close to a cell phone tower to place a voice call or text.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Is there an app for free Wi-Fi calling?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You do not need a third party app to place Wi-Fi calls. It is a feature that comes standard with most phones, including iPhones and Android devices. Carriers like Verizon and T-Mobile also support this capability without outside apps. Just enable the feature in your phone’s settings to use it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, there are apps you can use to place Wi-Fi calls, like Google Voice, Skype, Tango, and Fring. These generally offer advanced features like international Wi-Fi calling or the ability to call from other devices like laptops.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Can I still make calls to emergency services using Wi-Fi calling?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Yes, you can place emergency calls using Wi-Fi calling if you are not connected to a cellular network. This is a useful feature for business users because it allows you to keep your workplace safe even if there’s a spotty cell signal. It can also be useful for those who regularly travel, since you may sometimes end up far away from cell towers, or on trains or public transit systems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, most carriers will automatically connect you to your cell signal when placing an emergency call if their network is available. When you’re connected via cell service, emergency services can access your location in case you’re unsure or the call gets cut off. This feature is not available when you use Wi-Fi calling. To ensure safety and fast response times when using Wi-Fi calling, give your location right away and add your address to your device when prompted.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://smallbiztrends.com/2021/07/wifi-calling.html\">click here</a>.</p>\n<!-- /wp:paragraph -->','How Wi-Fi Calling Benefits Your Business?','','publish','open','open','','how-wifi-calling-benefits-your-business','','','2021-09-22 23:47:48','2021-09-22 23:47:48','',0,'http://smartinsurance.tips/?p=1850',0,'post','',0),(1851,1,'2021-08-10 00:44:31','2021-08-10 00:44:31','<!-- wp:divi/placeholder /-->','How WiFi Calling Benefits Your Business','','inherit','closed','closed','','1850-revision-v1','','','2021-08-10 00:44:31','2021-08-10 00:44:31','',1850,'http://smartinsurance.tips/?p=1851',0,'revision','',0),(1251,1,'2021-03-23 17:28:18','2021-03-23 17:28:18','','mon','','inherit','open','closed','','mon','','','2021-03-23 17:28:18','2021-03-23 17:28:18','',0,'http://smartinsurance.tips/wp-content/uploads/2021/03/mon.jpg',0,'attachment','image/jpeg',0),(1252,1,'2021-03-23 17:29:18','2021-03-23 17:29:18','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\" custom_padding=\"1px|||||\"]<p>&nbsp;</p>\n<h1 class=\"headline\" itemprop=\"headline\" style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; font-size: 3rem; margin-top: 0.5rem; margin-bottom: 1rem; font-weight: bold; line-height: 3.4rem; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; letter-spacing: -0.07rem; color: #141414; background-color: #ffffff; text-align: center;\"><strong><span style=\"color: #0a0a0a;\">4 Ways an Entrepreneur Should Diversify Their Income</span></strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">The Office for National Statistics figures, released in December, state that “the number of payroll employees has fallen by 819,000” since February 2020. While these figures were front-loaded, the prime minister and expert commentators expect the overall COVID-19  situation to worsen before it gets better. It will be some time before the vaccination program has enough coverage to release the restrictions, and that is if the virus does not mutate to nullify the vaccines’ efficacy.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">The above figures do not capture sole traders and SMEs\' picture without a payrolled workforce. In addition, with schools closed, for the time being, maintaining 9-5 working hours whilst at home proves problematic, particularly for parents expected to supervise their children’s learning.  Therefore, traditional working models are under increasing pressure, and we can expect no return to ‘normal’ even after widespread vaccination. What does this mean for future income streams?</p>\n<h2 style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; font-weight: bold; line-height: 28.6px; font-size: 1.375rem; margin-top: 1rem; margin-bottom: 0.5rem; font-family: Roboto, HelveticaNeue-Light, \'Helvetica Neue Light\', \'Helvetica Neue\', Helvetica, Arial, sans-serif; color: #212121; text-align: start; background-color: #ffffff;\">Financial ‘survival of the fittest’</h2>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">“<i style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; line-height: inherit;\">It is not the strongest of the species that survives, … It is the one that is most adaptable to change.</i>”</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">This quote is often attributed to Charles Darwin. It is actually a paraphrase of Darwin’s ‘Origin of Species’ by Leon Megginson (Professor of Management and Marketing, Louisiana State). That the phrase comes from a management context is not surprising as it perfectly captures the entrepreneurial spirit with which we should face these uncertain times.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">Many people day-dream, amidst the drudgery of a mundane 9-5 job, starting a business or applying a creative skill to a profitable side hustle. Perhaps people are watching your pension situation and realizing the state pension really is not sufficient, and you need another income stream. Most have fancied a passive income stream. Now is the time, especially if you are one of the 819,000 recently unemployed or if you want to financially benefit from your additional time due to lost leisure activities or released from your dead-time commute.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">If your income streams are successfully adapted to change or sufficiently diversified to mitigate the risk of change, you will not only economically survive but potentially flourish in this pandemic.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">It is frequently written that one of the defining characteristics of millionaires is that they have multiple income streams. This is largely true, of course. However, in the pop-culture presentation of this statement, the implication is that you too can be a millionaire so long as you have a second stream of income. Sorry, but it isn’t that simple. What it does mean is that the mindset of a millionaire is not ‘What do I need to do to get the money?’ but rather ‘How can I use money innovatively to work for me.’ Further, by diversifying one’s income streams, one can benefit from favorable tax arrangements rather than facing an ever-increasing Income Tax bill, and that financial risk is mitigated.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">Income streams can be created in various ways. Many can work in conjunction with others, and some are more easily automated than others to provide a passive income stream.<br style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased;\" /> </p>\n<h2 style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; font-weight: bold; line-height: 28.6px; font-size: 1.375rem; margin-top: 1rem; margin-bottom: 0.5rem; font-family: Roboto, HelveticaNeue-Light, \'Helvetica Neue Light\', \'Helvetica Neue\', Helvetica, Arial, sans-serif; color: #212121; text-align: start; background-color: #ffffff;\">Diversification is key</h2>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">As an investor and multiple business owner, I cannot push diversification enough. Make sure your eggs are not all in the same basket. This goes for investing in the stock market, becoming an entrepreneur, or even on the very basic scale selling products. Having your financial risk spread across multiple streams and increases your financial stability and longevity if one of those streams were to turn out a failure. Take your time and research into ETFs, Tracker Funds, Blue Chip Stocks &amp; Property Crowd Funding projects. </p>\n<h2 style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; font-weight: bold; line-height: 28.6px; font-size: 1.375rem; margin-top: 1rem; margin-bottom: 0.5rem; font-family: Roboto, HelveticaNeue-Light, \'Helvetica Neue Light\', \'Helvetica Neue\', Helvetica, Arial, sans-serif; color: #212121; text-align: start; background-color: #ffffff;\">Starting a side income</h2>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">An online business can easily be developed during this period of time, and many ideas can be implemented with limited or no start-up costs or ongoing overheads. Services delivered online are the most obvious and COVID secure options. These side businesses can vary from dropshipping or start even smaller with freelance sites for small jobs like Fiverr.<br style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased;\" /> </p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\"><span style=\"background-color: #ffffff; font-family: Roboto, HelveticaNeue-Light, \'Helvetica Neue Light\', \'Helvetica Neue\', Helvetica, Arial, sans-serif; font-size: 1.375rem; font-weight: bold;\">Utilize your network</span></p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">Building business relations takes time and trust. Start with people who you know within your network. These individuals are more likely to give you a try because they know you personally. In this day and age, social media is booming. It\'s now easier than ever to reach out to people on social media, especially Instagram. Spending time networking on social media is key to growing your brand recognition and gaining customers.<br style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased;\" /><br style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased;\" /><span style=\"background-color: #ffffff; font-family: Roboto, HelveticaNeue-Light, \'Helvetica Neue Light\', \'Helvetica Neue\', Helvetica, Arial, sans-serif; font-size: 1.375rem; font-weight: bold;\">Manage Your Debt</span></p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">Between having a 9-5 job to maintain and starting not only your side business but spending time on your branding and networking across social media, all whilst maintaining your available cash and outgoings, can somewhat be stressful at times. Lowering your debt is key to growing as an entrepreneur; the above points will definitely assist with this. However, for extra help and a somewhat hands-off approach, I love to use tools such as Moneybox, which is a clever app that allows you to round up those purchases you make on your card to the nearest whole number. These pennies can then be added to my first point of financial investments via the app in a simple, hands-off approach. Another great tool that can be used to save money to lower those debts would be utilizing the likes of Monzo Bank, which allows saving pots to put aside a certain amount of money each month, all whilst monitoring your outgoings and incoming payments in a smart manner. All automated, allowing me to focus all my attention on my core side businesses.</p>\n<p style=\"box-sizing: inherit; -webkit-font-smoothing: antialiased; margin-top: 1rem; margin-bottom: 1rem; color: #212121; font-family: \'PT Serif\', TimesNewRoman, \'Times New Roman\', Times, Georgia, serif; font-size: 19px; text-align: start; background-color: #ffffff;\">Entrepreneurs who have mastered the above methods to diversify their income are on the road to becoming a successful entrepreneur. </p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.entrepreneur.com/article/362790\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','4 Ways an Entrepreneur Should Diversify Their Income','','inherit','closed','closed','','1248-revision-v1','','','2021-03-23 17:29:18','2021-03-23 17:29:18','',1248,'http://smartinsurance.tips/1248-revision-v1/',0,'revision','',0),(1260,1,'2021-04-02 19:47:01','2021-04-02 19:47:01','<!-- wp:divi/placeholder /-->','The Hidden Toll of Remote Work','','inherit','closed','closed','','1259-revision-v1','','','2021-04-02 19:47:01','2021-04-02 19:47:01','',1259,'http://smartinsurance.tips/1259-revision-v1/',0,'revision','',0),(1275,1,'2021-04-12 20:35:59','2021-04-12 20:35:59','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 spacing=\"4\" class=\"Heading__HeadingStyled-sc-1w5xk2o-0 bqrWOf Heading-sc-1w5xk2o-1 NJLrK\" size=\"5\" style=\"text-align: center;\"><strong>How to Minimize Social Security Taxes</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/04/Social-security.jpg\" width=\"772\" height=\"519\" alt=\"\" class=\"wp-image-1267 aligncenter size-full\" /></span></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<p><span style=\"color: #0a0a0a;\">Your Social Security benefit may be taxable. Try these strategies to reduce your tax bill in retirement.</span></p>\n<hr class=\"clear\" />\n<div class=\"content-ad-wrap\"><span id=\"ezoic-pub-ad-placeholder-115\"></span></div>\n<hr class=\"clear\" />\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\">\n<p style=\"text-align: left;\"><span style=\"color: #0f0f0f;\"><span class=\"lede\"><strong>MOST WORKERS PAY INTO</strong> </span>the Social Security program throughout their career. Many people also pay taxes on part of their Social Security payments in retirement.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #0f0f0f;\"></span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<h3 class=\"heading-large\"><span style=\"color: #0f0f0f;\">Is Social Security Income Taxable?</span></h3>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">Retirees with low incomes or whose only source of income is Social Security generally don\'t pay income tax on their <a href=\"https://money.usnews.com/money/retirement/social-security/articles/frequently-asked-social-security-benefit-questions\" style=\"color: #0f0f0f;\">Social Security benefit</a>. The average Social Security payment to retired workers was $1,547 in January 2021, or $18,564 for the year, which is considerably below the taxable threshold of $25,000 for an individual. However, some 40% of Social Security beneficiaries have to pay federal income tax on part of their benefit, according to the Social Security Administration. The income cutoffs for <a href=\"https://money.usnews.com/money/retirement/social-security/articles/when-you-need-to-pay-taxes-on-social-security\" style=\"color: #0f0f0f;\">Social Security taxes</a> are not adjusted for inflation each year, so more retirees will need to pay tax on their Social Security payments over time.</span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">Here\'s how to reduce or avoid taxes on your Social Security benefit:</span></p>\n<p><span style=\"color: #0f0f0f;\"></span></p>\n</div>\n<div class=\"ArticleBodyRawList__ListContainer-sc-18hlulv-0 fHKjHB\">\n<ul>\n<li>\n<h4><span style=\"color: #0f0f0f; font-size: small;\">Stay below the taxable thresholds.</span></h4>\n</li>\n<li>\n<h4><span style=\"color: #0f0f0f; font-size: small;\">Manage your other retirement income sources.</span></h4>\n</li>\n<li>\n<h4><span style=\"color: #0f0f0f; font-size: small;\">Consider taking IRA withdrawals before signing up for Social Security.</span></h4>\n</li>\n<li>\n<h4><span style=\"color: #0f0f0f; font-size: small;\">Save in a Roth IRA.</span></h4>\n</li>\n<li>\n<h4><span style=\"color: #0f0f0f; font-size: small;\">Factor in state taxes.</span></h4>\n</li>\n<li>\n<h4><span style=\"color: #0f0f0f; font-size: small;\">Set up Social Security tax withholding.</span></h4>\n</li>\n</ul>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">There are a variety of factors that determine whether your Social Security benefit will be taxed in retirement. Consider each of these strategies to minimize taxes on your Social Security payments.</span></p>\n<p><span style=\"color: #0f0f0f;\"></span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<h3 class=\"heading-large\"><span style=\"color: #0f0f0f;\">Stay Below the Taxable Thresholds</span></h3>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">Social Security benefits become taxable if the sum of your adjusted gross income, nontaxable interest and half of your Social Security benefit exceeds $25,000 as an individual and $32,000 as a married couple. If these income sources are between $25,000 and $34,000 ($32,000 and $44,000 for couples), income tax will be due on half of your Social Security benefit. Retirees with incomes that top $34,000 ($44,000 for couples) pay income tax on up to 85% of their Social Security benefit.</span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">However, you will not have to pay tax on your entire Social Security benefit, regardless of your income. \"Many retirees are surprised to find that they have to pay taxes on up to 85% of the Social Security benefits they receive,\" says Dana Anspach, a certified financial planner and CEO of Sensible Money in Scottsdale, Arizona. \"The good news is, no matter what, 15% of the Social Security benefits you receive are tax-free.\"</span></p>\n<p><span style=\"color: #0f0f0f;\"></span></p>\n</div>\n<div spacing=\"4\" class=\"Box-w0dun1-0 AnchorBlock__AnchorWrapper-sc-1ktbrp2-0 erSrIv fFwDTg\" style=\"text-align: left;\"></div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<h3 class=\"heading-large\"><span style=\"color: #0f0f0f;\">Manage Your Other Retirement Income Sources</span></h3>\n</div>\n<div class=\"InartAd__FirstInartAdWrapper-sc-8wv8ky-0 kYlGEo sm-hide md-hide\" style=\"text-align: left;\">\n<div class=\"Ad__Container-sc-1ah7c5n-0 bwWzQw\" spacing=\"4\"></div>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">Retirees who have income from another source in addition to Social Security frequently have to pay tax on part of their Social Security benefit. Pension payments, dividends and interest from savings and investments, earnings from a part-time job and withdrawals from traditional 401(k)s and IRAs are sources of retirement income that can contribute to making your Social Security payments taxable.</span></p>\n<p><span style=\"color: #0f0f0f;\"></span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<h3 class=\"heading-large\"><span style=\"color: #0f0f0f;\">Consider Taking IRA Withdrawals Before Signing Up for Social Security</span></h3>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">You have some control over when to take withdrawals from retirement accounts during your 60s, because you can begin taking <a href=\"https://money.usnews.com/money/retirement/slideshows/ways-to-avoid-the-ira-early-withdrawal-penalty\" style=\"color: #0f0f0f;\">penalty-free distributions</a> after age 59 1/2 (and in some cases <a href=\"https://money.usnews.com/money/retirement/401ks/slideshows/9-ways-to-avoid-401-k-fees-and-penalties\" style=\"color: #0f0f0f;\">age 55</a>), but you aren\'t required to take minimum withdrawals until after age 72. You might be able to reduce your Social Security income tax bill if you withdraw money from your traditional 401(k) or IRA in the years before you sign up for Social Security.</span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">\"For many retirees, changing the order they tap their savings to generate income can minimize taxes on Social Security,\" says William Meyer, founder and managing principal of Social Security Solutions, a company that analyzes Social Security claiming strategies. \"Many middle-income retirees should consider withdrawing their IRA account first before starting Social Security. This reduces their IRA account balance by the time required minimum distributions start, and many times the amount of Social Security taxes that typically increase as retirees withdraw more IRA money at the age of 70 and beyond.\"</span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">Some retirees take a large retirement account distribution in the year before signing up for Social Security, while others take IRA distributions for several years in order to delay claiming Social Security and qualify for higher Social Security payments in the future.</span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">\"Managing or controlling your income for a particular year means timing withdrawals other than required minimum distributions such that the income for the year is stacked in one year, with the following or preceding year having a lower amount of distribution income,\" says Jim Blankenship, a certified financial planner and founder of Blankenship Financial Planning in New Berlin, Illinois.</span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">After age 70 1/2, you might be able to avoid paying income tax on your IRA required minimum distribution if you donate it directly to a qualifying charity. \"RMDs could be eliminated or partly eliminated from the tax return by use of qualified charitable distributions,\" Blankenship says. When you <a href=\"https://money.usnews.com/money/retirement/iras/articles/how-to-donate-to-charity-from-your-ira\" style=\"color: #0f0f0f;\">donate a required distribution to charity</a>, it is not counted as income and does not contribute to the taxation of your Social Security payments.</span></p>\n<p><span style=\"color: #0f0f0f;\"></span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<h3 class=\"heading-large\"><span style=\"color: #0f0f0f;\">Save in a Roth IRA</span></h3>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">Distributions from Roth 401(k)s and <a href=\"https://money.usnews.com/money/retirement/iras/articles/how-to-open-a-roth-ira\" style=\"color: #0f0f0f;\">Roth IRAs</a> after age 59 1/2 from an account that\'s at least five years old are not taxable and don\'t contribute to the taxation of your Social Security benefits. Saving for retirement in an after-tax Roth account sets you up for tax-free withdrawals in retirement, and also allows you to minimize taxes on your Social Security payments.</span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">\"Money that comes out of Roth IRA accounts does not count in the formula that determines how much of your Social Security is subject to taxation,\" Anspach says. \"By the time you begin Social Security, if you have more money in Roth IRAs and less money in tax-deferred accounts, you will have more flexibility in when you draw money out of what type of account. With planning, you can draw money out in a way that reduces your tax liability over the course of your retirement years.\"</span></p>\n<p><span style=\"color: #0f0f0f;\"></span></p>\n</div>\n<div class=\"InartAd__SubsequentInartAdWrapper-sc-8wv8ky-1 eSZloL sm-hide md-hide\" data-ad-collide=\"true\" style=\"text-align: left;\">\n<div class=\"Ad__Container-sc-1ah7c5n-0 doTocE\" spacing=\"5\"></div>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<h3 class=\"heading-large\"><span style=\"color: #0f0f0f;\">Factor in State Taxes</span></h3>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\">Where you live can play a role in whether your Social Security payments will be taxed. Most states don\'t tax Social Security income. However, 13 states tax Social Security income, often with exceptions for low-income retirees, according to data from information services company Wolters Kluwer. The states that tax Social Security income include Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont and West Virginia.</span></p>\n</div>\n<div spacing=\"4\" class=\"Box-w0dun1-0 AnchorBlock__AnchorWrapper-sc-1ktbrp2-0 erSrIv fFwDTg\" style=\"text-align: left;\">\n<p><span style=\"color: #0f0f0f;\"> </span></p>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\" style=\"text-align: left;\">\n<h3 class=\"heading-large\"><span style=\"color: #0f0f0f;\">Set Up Social Security Tax Withholding</span></h3>\n</div>\n<div size=\"5\" spacing=\"4\" class=\"Raw-slyvem-0 iyvmNz\">\n<p style=\"text-align: left;\"><span style=\"color: #0f0f0f;\">Those who owe taxes on their Social Security payments can elect to make quarterly estimated tax payments to the IRS or have federal taxes withheld from monthly payments. You can have 7%, 10%, 12% or 22% of your monthly benefit withheld for taxes, but you cannot select a different percentage or a flat dollar amount. Setting up tax withholding is generally more convenient than having to pay a tax bill every quarter.</span></p>\n<p>&nbsp;</p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://money.usnews.com/money/retirement/social-security/articles/how-to-minimize-social-security-taxes\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How to Minimize Social Security Taxes','','inherit','closed','closed','','1264-revision-v1','','','2021-04-12 20:35:59','2021-04-12 20:35:59','',1264,'http://smartinsurance.tips/1264-revision-v1/',0,'revision','',0),(1267,1,'2021-04-12 20:26:24','2021-04-12 20:26:24','','Social security','','inherit','open','closed','','social-security','','','2021-04-12 20:26:24','2021-04-12 20:26:24','',0,'http://smartinsurance.tips/wp-content/uploads/2021/04/Social-security.jpg',0,'attachment','image/jpeg',0),