(2227,1,'2022-04-02 20:54:09','2022-04-02 20:54:09','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">When planning a house remodel, it can be tempting to skip to the exciting stage of choosing new paint colors, fixtures and fittings, but in order for any renovation to go smoothly, there are several things to think about before you even begin.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Home-improvement-1024x536.png\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Know Your End Goal</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Before you decide&nbsp;how extensively to renovate, you need to know what your end goal is for your home. Are you renovating to raise the resale value of your home, or will you be staying put for years to come? Consider the condition of your neighborhood before you begin, and know which renovations are a good return on investment, and which will be considered overdoing it for the area. Having a specific plan in place for your future will help you decide how deep to go with your project.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Have a Budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Knowing your budget—and sticking to it—is one of the most important parts of renovation planning. Remember to add in a contingency fund for any unexpected costs—and expect to use it—as well as incidental costs like the cost of eating out for a kitchen reno, or even taking a hotel for a night or two.&nbsp;It can be easy to want a top-of-the-line renovation, but perhaps all you need are some&nbsp;cheap upgrades which will make your house look more expensive. Do your research and plan your budget before ever lifting a hammer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Consult the Calendar</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you\'re hoping for a brand new home for a particular event or holiday, make sure you look at your end date and work your way backward. Be sure to pencil in a few weeks to a month at the end for wiggle-room in case there are delays on the way to avoid disappointment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Do Your Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Take the time to chat with friends, family, and neighbors about the renovation work they have done, and the challenges they have faced during the process. Having a wealth of information from homeowners who have been in your shoes can be invaluable in the planning process, and this information may alter your end plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Know Your Limits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">DIY renos are a great way to save money, have a sense of accomplishment, and involve the entire family, but they can turn disastrous if you don\'t know what you\'re doing. Know which tasks you can safely tackle, and which should be handled like the pros,&nbsp;like a potentially load-bearing wall, asbestos or lead paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Ask for References</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Any good contractor will have no problem providing references, and copies of liability insurance before a job begins. Don\'t rely solely on client testimonials, search out actual customers that can give you a firsthand account and answer any questions you may have. For any project, ask to see before and after images of a contractor\'s prior work, and most importantly—trust your gut and&nbsp;know which questions to ask.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Pack Up</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">To make any house remodel as simple as possible, declutter, pack up or move any items in the renovation zone. For a whole-home remodel, consider renting an offsite locker or onsite storage pod to keep all your belongings secure and clean during the process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Consider Your Routine</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you\'re an experienced DIYer, you are likely good at working around the disruptions of a house remodel. However, if you\'ve hired a contractor for any part of the job, be sure to be clear about your daily routine, and work with the contractor to come up with start and end times that cause the least disruption in your family\'s day. After all, no one wants to encounter tradespeople while you\'re still in your bathrobe.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Establish Mission Control</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There\'s nothing more frustrating than being in the middle of a job when you&nbsp;can\'t find the tool you need. Before you begin your remodel, reserve an area of your home to act as mission control to keep all your tools, materials, manuals and checklists in one place.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Protect the Kids</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A house remodel is a perfect way to&nbsp;get the kids involved in DIY, but for very little ones it can be dangerous too. Be sure to install child safety gates, electrical safety covers and store sharp tools well out of the way of curious tots, especially on off-hours where there may not be adequate supervision in the remodel zone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Don\'t Forget the Pets</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The temporary chaos of a home under renovation can be stressful at the best of times for the human occupants of the house, let alone the four-legged family members. When doing a house remodel, consider the&nbsp;safety and care of your pets, which could mean having a family member or friend pet-sit while the bulk of the work is getting done. This is especially true when the doors will often be open to bring tools and materials in and out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Plan For Outages</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If your home is lacking&nbsp;plumbing shut-off valves&nbsp;in the area you are working on, you may have to shut the water off at the main valve, leaving your home without access to running water. Plan ahead and place containers of water in the fridge for drinking, on the counter for cooking and have buckets of water available to flush the toilet. An easy way to do this is to fill the bathtub with water and place a bucket nearby to pour into the toilet bowl.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Make a Master List</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">To have the best chance of success, and to help in the budgeting process, make a master checklist of items you need, from administrative tasks like permits, right down to rollers for the paint. It\'s helpful to separate the list by items you have, and items you need to purchase. In the case of tools, making a list can help you decide which tools you can rent to save on costs versus purchasing new.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Create Drawings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You don\'t have to be an engineer to create job drawings, and chances are you\'ll require some form of drawing to obtain a permit for your house remodel. Be sure to note square footage, heights and widths of doors and windows, and current locations for any services like electrical, gas or water.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Obtain Permits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Many homeowners consider obtaining a building permit as an unnecessary headache which can slow down the renovation process, but permits are a necessary part of the process in most cases, which can come back to haunt you if not obtained in the first place. Building permits are necessary to ensure your house remodel meets structural and fire safety requirements and code inspectors in most jurisdictions can make you rip out non-conforming work if not up to snuff. This can create a very expensive headache when looking to sell your home down the road. It\'s always advisable to think ahead and ensure the permit process is followed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Plan a Reno-Free Zone</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Before starting all the mess of a remodel, it\'s a good plan to designate a renovation-free zone for your family to gather in semi-relaxation. Make sure you have everything you need in one place, such as a kettle or microwave, so you have one functional space to gather, eat or just unwind at the end of the day.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Schedule Cleanup</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">After a long day of renovating, it can be tempting to just turn the light off and leave the mess for tomorrow. Unfortunately, this can cause delays, lost tools and lost sanity along the way. Be sure to write in an ample amount of time in your renovation plan to tidy up at the end of the day. Your future self will thank you!&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Plan Ahead</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Even in a cosmetic remodel, there can be an opportunity to enhance the function or money-saving capability of your home. When ripping out an entire room, for instance, this may be the perfect time to&nbsp;add insulation to the walls, upgrade your electrical panel or add additional light or electrical fixtures. The key is to think ahead to how you will use the room, and take advantage of cosmetic updates to enhance the structure of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Book the Help</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you know a renovation is on the horizon, it\'s time to call in favors from those handy family and friends. Give them ample time to arrange their schedule to help and provide plenty of reminders as the project approaches. (An offer of free food also helps!) If hiring a contractor, make sure you allow enough lead time to snag your desired timeline, otherwise you could be stuck waiting on them. Consider a&nbsp;message center&nbsp;to keep everyone informed as they come and go to make life easier on everyone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Check the Weather</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Even if you\'re planning a spring or summer remodel, don\'t bank on having gorgeous weather to do it. Be sure to check the long and short-term forecasts before beginning a job, and schedule jobs that require outside access, like spray painting or wood cutting on days that have the best outlook. Consider heat and cold on days you may have to cut power to your furnace or air conditioner for comfortable working conditions and be sure to stay alert to unexpected changes in the weather. With these and other&nbsp;affordable home improvement tips, you\'ll be on your way to a successful house remodel in no time!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.familyhandyman.com/list/20-tips-for-planning-a-successful-house-remodel/\">click here.</a></p>\n<!-- /wp:paragraph -->','20 Tips for Planning a Successful House Remodel','','publish','open','open','','20-tips-for-planning-a-successful-house-remodel','','','2022-04-26 14:43:50','2022-04-26 14:43:50','',0,'http://smartinsurance.tips/?p=2227',0,'post','',0),(2228,1,'2022-04-02 20:33:44','2022-04-02 20:33:44','','Home-improvement','','inherit','open','closed','','home-improvement','','','2022-04-02 20:33:44','2022-04-02 20:33:44','',2227,'http://smartinsurance.tips/wp-content/uploads/2022/04/Home-improvement.png',0,'attachment','image/png',0);
INSERT INTO `smart_posts` VALUES (2229,1,'2022-04-02 20:54:09','2022-04-02 20:54:09','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">When planning a house remodel, it can be tempting to skip to the exciting stage of choosing new paint colors, fixtures and fittings, but in order for any renovation to go smoothly, there are several things to think about before you even begin.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2228,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Home-improvement-1024x536.png\" alt=\"\" class=\"wp-image-2228\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Know Your End Goal</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Before you decide how extensively to renovate, you need to know what your end goal is for your home. Are you renovating to raise the resale value of your home, or will you be staying put for years to come? Consider the condition of your neighborhood before you begin, and know which renovations are a good return on investment, and which will be considered overdoing it for the area. Having a specific plan in place for your future will help you decide how deep to go with your project.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Have a Budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Knowing your budget—and sticking to it—is one of the most important parts of renovation planning. Remember to add in a contingency fund for any unexpected costs—and expect to use it—as well as incidental costs like the cost of eating out for a kitchen reno, or even taking a hotel for a night or two. It can be easy to want a top-of-the-line renovation, but perhaps all you need are some cheap upgrades which will make your house look more expensive. Do your research and plan your budget before ever lifting a hammer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Consult the Calendar</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you\'re hoping for a brand new home for a particular event or holiday, make sure you look at your end date and work your way backward. Be sure to pencil in a few weeks to a month at the end for wiggle-room in case there are delays on the way to avoid disappointment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Do Your Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Take the time to chat with friends, family, and neighbors about the renovation work they have done, and the challenges they have faced during the process. Having a wealth of information from homeowners who have been in your shoes can be invaluable in the planning process, and this information may alter your end plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Know Your Limits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">DIY renos are a great way to save money, have a sense of accomplishment, and involve the entire family, but they can turn disastrous if you don\'t know what you\'re doing. Know which tasks you can safely tackle, and which should be handled like the pros, like a potentially load-bearing wall, asbestos or lead paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Ask for References</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Any good contractor will have no problem providing references, and copies of liability insurance before a job begins. Don\'t rely solely on client testimonials, search out actual customers that can give you a firsthand account and answer any questions you may have. For any project, ask to see before and after images of a contractor\'s prior work, and most importantly—trust your gut and know which questions to ask.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Pack Up</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">To make any house remodel as simple as possible, declutter, pack up or move any items in the renovation zone. For a whole-home remodel, consider renting an offsite locker or onsite storage pod to keep all your belongings secure and clean during the process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Consider Your Routine</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you\'re an experienced DIYer, you are likely good at working around the disruptions of a house remodel. However, if you\'ve hired a contractor for any part of the job, be sure to be clear about your daily routine, and work with the contractor to come up with start and end times that cause the least disruption in your family\'s day. After all, no one wants to encounter tradespeople while you\'re still in your bathrobe. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Establish Mission Control</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There\'s nothing more frustrating than being in the middle of a job when you can\'t find the tool you need. Before you begin your remodel, reserve an area of your home to act as mission control to keep all your tools, materials, manuals and checklists in one place.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Protect the Kids</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A house remodel is a perfect way to get the kids involved in DIY, but for very little ones it can be dangerous too. Be sure to install child safety gates, electrical safety covers and store sharp tools well out of the way of curious tots, especially on off-hours where there may not be adequate supervision in the remodel zone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Don\'t Forget the Pets</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The temporary chaos of a home under renovation can be stressful at the best of times for the human occupants of the house, let alone the four-legged family members. When doing a house remodel, consider the safety and care of your pets, which could mean having a family member or friend pet-sit while the bulk of the work is getting done. This is especially true when the doors will often be open to bring tools and materials in and out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Plan For Outages</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If your home is lacking plumbing shut-off valves in the area you are working on, you may have to shut the water off at the main valve, leaving your home without access to running water. Plan ahead and place containers of water in the fridge for drinking, on the counter for cooking and have buckets of water available to flush the toilet. An easy way to do this is to fill the bathtub with water and place a bucket nearby to pour into the toilet bowl. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Make a Master List</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">To have the best chance of success, and to help in the budgeting process, make a master checklist of items you need, from administrative tasks like permits, right down to rollers for the paint. It\'s helpful to separate the list by items you have, and items you need to purchase. In the case of tools, making a list can help you decide which tools you can rent to save on costs versus purchasing new.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Create Drawings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You don\'t have to be an engineer to create job drawings, and chances are you\'ll require some form of drawing to obtain a permit for your house remodel. Be sure to note square footage, heights and widths of doors and windows, and current locations for any services like electrical, gas or water.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Obtain Permits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Many homeowners consider obtaining a building permit as an unnecessary headache which can slow down the renovation process, but permits are a necessary part of the process in most cases, which can come back to haunt you if not obtained in the first place. Building permits are necessary to ensure your house remodel meets structural and fire safety requirements and code inspectors in most jurisdictions can make you rip out non-conforming work if not up to snuff. This can create a very expensive headache when looking to sell your home down the road. It\'s always advisable to think ahead and ensure the permit process is followed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Plan a Reno-Free Zone</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Before starting all the mess of a remodel, it\'s a good plan to designate a renovation-free zone for your family to gather in semi-relaxation. Make sure you have everything you need in one place, such as a kettle or microwave, so you have one functional space to gather, eat or just unwind at the end of the day. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Schedule Cleanup</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">After a long day of renovating, it can be tempting to just turn the light off and leave the mess for tomorrow. Unfortunately, this can cause delays, lost tools and lost sanity along the way. Be sure to write in an ample amount of time in your renovation plan to tidy up at the end of the day. Your future self will thank you! </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Plan Ahead</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Even in a cosmetic remodel, there can be an opportunity to enhance the function or money-saving capability of your home. When ripping out an entire room, for instance, this may be the perfect time to add insulation to the walls, upgrade your electrical panel or add additional light or electrical fixtures. The key is to think ahead to how you will use the room, and take advantage of cosmetic updates to enhance the structure of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Book the Help</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you know a renovation is on the horizon, it\'s time to call in favors from those handy family and friends. Give them ample time to arrange their schedule to help and provide plenty of reminders as the project approaches. (An offer of free food also helps!) If hiring a contractor, make sure you allow enough lead time to snag your desired timeline, otherwise you could be stuck waiting on them. Consider a message center to keep everyone informed as they come and go to make life easier on everyone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Check the Weather</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Even if you\'re planning a spring or summer remodel, don\'t bank on having gorgeous weather to do it. Be sure to check the long and short-term forecasts before beginning a job, and schedule jobs that require outside access, like spray painting or wood cutting on days that have the best outlook. Consider heat and cold on days you may have to cut power to your furnace or air conditioner for comfortable working conditions and be sure to stay alert to unexpected changes in the weather. With these and other affordable home improvement tips, you\'ll be on your way to a successful house remodel in no time!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.familyhandyman.com/list/20-tips-for-planning-a-successful-house-remodel/\">click here.</a></p>\n<!-- /wp:paragraph -->','20 Tips for Planning a Successful House Remodel','','inherit','closed','closed','','2227-revision-v1','','','2022-04-02 20:54:09','2022-04-02 20:54:09','',2227,'http://smartinsurance.tips/?p=2229',0,'revision','',0),(2230,1,'2022-04-02 21:31:55','2022-04-02 21:31:55','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">To perfect your growth, emulate the successful strategies of industry giants.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2404,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Small-Business-1024x536.png\" alt=\"\" class=\"wp-image-2404\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">When it comes to running a small business, you have to do much of the legwork yourself. For better or worse, you are the master of your fate, and the success of your organization lives and dies depending your ability to make strategic growth decisions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You may own a small business now, but planning for long-term growth means considering the possibility that you will not&nbsp;<em>always&nbsp;</em>be a small business. With the correct planning and execution, the entrepreneurial seed you plant today could grow into the multinational conglomerate of tomorrow.&nbsp;To plan for successful growth on that scale, it helps to look to the shoulders of other giants who began as small businesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">One especially ubiquitous small-business-turned-next-generation superstar is Google. Combined with its parent company, Alphabet,&nbsp;Google is worth an estimated $1 trillion<a href=\"https://www.nytimes.com/2020/01/16/technology/google-trillion-dollar-market-cap.html\">.</a>&nbsp;The company is so influential that the term “Google” is now a verb in the dictionary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you’re a small business owner looking to emulate the success of Google and other major growth-oriented companies, the following three tips will help your business replicate the Google playbook to achieve growth, attract investment and foster organizational success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">1. Differentiate, differentiate, differentiate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Before you can sail off into the sunset with a small business idea that will net you millions, you need an idea. But not&nbsp;just any idea. It would help if you had a business model that stands out from competitors for offering something others are not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Think about Google. It’s certainly not the only search algorithm out there. Other big names in the industry include Bing, Yahoo!, Ecosia, Ask, and many others. At the same time, none of these companies do what Google does nearly as well. That’s because Google differentiates itself with a search algorithm that is constantly learning, evolving and growing. Its goal is simple: to provide users with the absolute best results instead of the most results.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Google’s playbook is about quality, not quantity. As such, they become rewarded for their attention to a market need that improves lives and solves problems for billions of people every single day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Like Google, your product (and the very nature of your business) does not have to be entirely new. What’s important is that you develop an aspect of your business that&nbsp;<em>is&nbsp;</em>new. Instead of simply replicating previously successful businesses, create elements of a new model that will anticipate a market need that does not currently exist. If you can do this, you’ll be on the path toward steady growth in no time.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">2. Expand into new areas</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Google’s parent company, Alphabet, is spread across a variety of industries and owns some surprisingly big names: YouTube, the GPS app Waze, the exercising wearable textile brand Fitbit&nbsp;and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The aforementioned is an integral part of any business playbook model. As an entrepreneur, it’s important not to put all of your eggs in one basket. If your small business revolves around a single product, business model or selling strategy, what will you do when the market need for that product, model or process stagnates?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Unfortunately, this is how many businesses fail. Startups that receive angel investment with hopes of turning their idea into a budding national company often flounder after spending all of their funds on a single, unattractive business model. Instead of relying on one vision or strategy, consider diversifying your business and solving a&nbsp;host&nbsp;of needs for your specific audience.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Google isn’t the only player that&nbsp;knows the value of expanding. Amazon began as a bookselling outlet, and Uber was not always a food-delivery service. Elon Musk started as the creator of PayPal — now his space exploration company has its sights set on Mars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">When it comes to running a small business, no dream of expansion is too big. In truth, expanding when the time is right is quite possibly the best thing you can do for yourself&nbsp;and&nbsp;your business.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">3. Excel at your market niche</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Google knows that diversification and expansion are essential. Still, it never loses sight of its actual value as a business: providing top-notch search results for countless people every day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The point of expansion and diversification is to safeguard yourself against the potential of an idea that does not pan out. However, once you’ve found an idea that&nbsp;<em>does&nbsp;</em>work and you connect with an audience that wants more of it, it’s essential to hone in your niche and become a top market player.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Becoming the best at what you do takes time, practice, investment and innovation. It’s probably the most rigid tip to replicate, and it’s not a “get rich quick” scheme. Simultaneously, if you pay attention to your craft, focus on building your business and create a business model that genuinely excels, you’ll set yourself up for positive growth in both the short and long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The biggest takeaway for entrepreneurs itching to replicate the growth strategies of Google is simple: Growth is all about learning. The more you study the growth patterns and systems of market giants like Google, the more prepared you will be when your business is ready for its next growth spurt. By differentiating your business model, expanding into new markets and excelling at the services and goods you provide, your business seed will grow wonderfully — and profitably.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.entrepreneur.com/article/370285\">click here.</a></p>\n<!-- /wp:paragraph -->','3 Growth Strategies Small Businesses Can Learn From Google','','publish','open','open','','3-growth-strategies-small-businesses-can-learn-from-google','','','2022-04-26 14:45:58','2022-04-26 14:45:58','',0,'http://smartinsurance.tips/?p=2230',0,'post','',0),(2231,1,'2022-04-02 21:28:18','2022-04-02 21:28:18','','Small-Business','','inherit','open','closed','','small-business-2','','','2022-04-02 21:28:18','2022-04-02 21:28:18','',2230,'http://smartinsurance.tips/wp-content/uploads/2022/04/Small-Business.png',0,'attachment','image/png',0),(2232,1,'2022-04-02 21:31:55','2022-04-02 21:31:55','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">To perfect your growth, emulate the successful strategies of industry giants.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2231,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Small-Business-1024x536.png\" alt=\"\" class=\"wp-image-2231\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">When it comes to running a small business, you have to do much of the legwork yourself. For better or worse, you are the master of your fate, and the success of your organization lives and dies depending your ability to make strategic growth decisions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You may own a small business now, but planning for long-term growth means considering the possibility that you will not&nbsp;<em>always&nbsp;</em>be a small business. With the correct planning and execution, the entrepreneurial seed you plant today could grow into the multinational conglomerate of tomorrow.&nbsp;To plan for successful growth on that scale, it helps to look to the shoulders of other giants who began as small businesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">One especially ubiquitous small-business-turned-next-generation superstar is Google. Combined with its parent company, Alphabet, Google is worth an estimated $1 trillion<a href=\"https://www.nytimes.com/2020/01/16/technology/google-trillion-dollar-market-cap.html\">.</a> The company is so influential that the term “Google” is now a verb in the dictionary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you’re a small business owner looking to emulate the success of Google and other major growth-oriented companies, the following three tips will help your business replicate the Google playbook to achieve growth, attract investment and foster organizational success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">1. Differentiate, differentiate, differentiate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Before you can sail off into the sunset with a small business idea that will net you millions, you need an idea. But not&nbsp;just any idea. It would help if you had a business model that stands out from competitors for offering something others are not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Think about Google. It’s certainly not the only search algorithm out there. Other big names in the industry include Bing, Yahoo!, Ecosia, Ask, and many others. At the same time, none of these companies do what Google does nearly as well. That’s because Google differentiates itself with a search algorithm that is constantly learning, evolving and growing. Its goal is simple: to provide users with the absolute best results instead of the most results.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Google’s playbook is about quality, not quantity. As such, they become rewarded for their attention to a market need that improves lives and solves problems for billions of people every single day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Like Google, your product (and the very nature of your business) does not have to be entirely new. What’s important is that you develop an aspect of your business that <em>is </em>new. Instead of simply replicating previously successful businesses, create elements of a new model that will anticipate a market need that does not currently exist. If you can do this, you’ll be on the path toward steady growth in no time. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">2. Expand into new areas</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Google’s parent company, Alphabet, is spread across a variety of industries and owns some surprisingly big names: YouTube, the GPS app Waze, the exercising wearable textile brand Fitbit&nbsp;and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The aforementioned is an integral part of any business playbook model. As an entrepreneur, it’s important not to put all of your eggs in one basket. If your small business revolves around a single product, business model or selling strategy, what will you do when the market need for that product, model or process stagnates?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Unfortunately, this is how many businesses fail. Startups that receive angel investment with hopes of turning their idea into a budding national company often flounder after spending all of their funds on a single, unattractive business model. Instead of relying on one vision or strategy, consider diversifying your business and solving a host of needs for your specific audience.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Google isn’t the only player that&nbsp;knows the value of expanding. Amazon began as a bookselling outlet, and Uber was not always a food-delivery service. Elon Musk started as the creator of PayPal — now his space exploration company has its sights set on Mars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">When it comes to running a small business, no dream of expansion is too big. In truth, expanding when the time is right is quite possibly the best thing you can do for yourself and your business. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">3. Excel at your market niche</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Google knows that diversification and expansion are essential. Still, it never loses sight of its actual value as a business: providing top-notch search results for countless people every day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The point of expansion and diversification is to safeguard yourself against the potential of an idea that does not pan out. However, once you’ve found an idea that&nbsp;<em>does&nbsp;</em>work and you connect with an audience that wants more of it, it’s essential to hone in your niche and become a top market player.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Becoming the best at what you do takes time, practice, investment and innovation. It’s probably the most rigid tip to replicate, and it’s not a “get rich quick” scheme. Simultaneously, if you pay attention to your craft, focus on building your business and create a business model that genuinely excels, you’ll set yourself up for positive growth in both the short and long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The biggest takeaway for entrepreneurs itching to replicate the growth strategies of Google is simple: Growth is all about learning. The more you study the growth patterns and systems of market giants like Google, the more prepared you will be when your business is ready for its next growth spurt. By differentiating your business model, expanding into new markets and excelling at the services and goods you provide, your business seed will grow wonderfully — and profitably.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.entrepreneur.com/article/370285\">click here.</a></p>\n<!-- /wp:paragraph -->','3 Growth Strategies Small Businesses Can Learn From Google','','inherit','closed','closed','','2230-revision-v1','','','2022-04-02 21:31:55','2022-04-02 21:31:55','',2230,'http://smartinsurance.tips/?p=2232',0,'revision','',0),(2233,1,'2022-04-02 21:41:21','2022-04-02 21:41:21','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2406,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Privacy-1024x536.png\" alt=\"\" class=\"wp-image-2406\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Internet fraud is alive and well, and it’s costing victims thousands of dollars. In fact, the FBI’s Internet Crime Compliant Center (IC3) received a record&nbsp;791,790 complaints of online fraud in 2020, with $4.1 billion in reported losses—that’s an average of over 2,100 per day at around $5,000 per person.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Anyone can become a victim of online crime, but older adults tend to be more at risk. According to the IC3, overt 40% of all internet crime victims are over the age of 50. Sadly, this group also reports the greatest number of victims who lose more than $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">We don’t expect you or your loved ones to unplug from the internet, but we do want you to stay safe online. So familiarize yourself with these common internet scams and the proactive measures you can take to avoid them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">COVID-19 scams update</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Unfortunately, the global pandemic has inspired scammers to prey on people while we’re already worried and vulnerable. Here are the latest scams to hit the scene—and some tips to avoid them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Social media scams</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">On top of unending photos of the banana bread everyone’s baking, social media has been full of posts offering fake COVID-19 cures, phony coronavirus tests, and false vaccination information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Between March and May 2020, researchers at the University of California, San Diego, spotted nearly 2,000 fraudulent social media posts related to fake health products and financial scams related to the pandemic.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"fontSize\":\"medium\"} -->\n<h4 class=\"has-medium-font-size\"><strong>How to avoid social media scams</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Avoid deals that are too good to be true:</strong>&nbsp;If the price is super-cheap, the product promises miracle results, or promos feature limited stock and rapid, bulk sales, it’s probably a scam.</li><li><strong>Be wary of imported goods:</strong>&nbsp;When it comes to health care solutions, imported COVID-19 tests, medicine, vaccines, or cures shouldn’t be trusted. In addition to being risky, it’s probably illegal to sell unvetted coronavirus health products from abroad.</li><li><strong>Don’t buy directly from social media:</strong>&nbsp;Sellers that use direct messaging or apps like WhatsApp or Skype to peddle their wares, are most likely frauds. If you can’t find a legit store, just hit “exit.”</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Robocall scams</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Being stuck at home has made everyone more vulnerable to robocall scams. These scams tend to target older Americans in particular. Many of these phony callers pose as government agencies or charities—entities that people are likely to trust with personal and financial information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The Federal Trade Commission (FTC) reports more than 131,000 complaints regarding pandemic-related scam calls. But that’s nothing compared to the more than&nbsp;three billion robocalls&nbsp;Americans have received.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\"><strong>How to avoid robocalls</strong>?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Don’t pick up:</strong>&nbsp;If you see a call from an unknown number, let it go to voicemail. If it’s a friend, they’ll leave you a message. If you find a computer-generated voice message, block the number and report it as a scam robocall.</li><li><strong>Filter scam calls out:&nbsp;</strong>Most mobile phones have a feature or app that lets you filter out unknown callers and numbers that are likely to be fraudulent robocalls. The FTC has a&nbsp;complete guide&nbsp;to help you block scam calls on Android, iOS, and landline phones.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Not a scam</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Some text messages claiming to be from the US Census Bureau have been making the rounds, leading people to fear it\'s some kind of scam. The texts ask recipients to complete a survey about the global pandemic. If you get one of these texts, you can breathe easy—these messages are legit. The Census Bureau is collecting information to track the impact of the coronavirus on US households.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Coronavirus emails</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The new coronavirus impacts everyday life in surprising ways including its side effects on internet security. One trend is an uptick in scams posing as the Centers for Disease Control and Prevention (CDC), selling bogus cures, and offering great deals on the unofficial COVID-19 currency: toilet paper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>How to avoid this scam</strong>?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Scare tactics aren’t new to scammers, but there’s plenty you can do to skip the scams and protect your personal data:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Delete emails that claim to come from “official” sources.</strong>&nbsp;Instead, you should directly visit the websites of official sources like the CDC and the World Health Organization (WHO) for news and information.</li><li><strong>Never click links in emails from unknown senders.</strong>&nbsp;Killer deals are usually too good to be true and news of vaccinations won’t come in your email. Instead, you’ll learn about these from government officials, usually via the local or national news.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Fake credit report websites</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">By law, you’re entitled to a free copy of your credit report once every 12 months.&nbsp;<strong>AnnualCreditReport.com</strong>&nbsp;is the only government authorized website for ordering your free annual credit report, but the internet is full of imposter sites. These websites claim to offer “free credit reports,” but oftentimes they’re trying to collect personal information, like your Social Security number or date of birth, that can be used to steal your identity. Other websites might offer “free” credit monitoring, but then charge a fee to your credit card after a trial period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">SafeWise recommends&nbsp;checking your credit report&nbsp;at least once per year. If you find unauthorized activity and think you’ve been a victim of identity theft, place a fraud alert on your credit report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>How to avoid this scam</strong>?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Don’t respond to emails, pop-up ads, or social media ads that offer a free credit report. Go through AnnualCreditReport.com instead. Be aware that some fake credit report websites have URLs that are very similar to AnnualCreditReport, so type the address in your search bar carefully and verify you’re on the legitimate site before entering any information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Online romance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Dating websites can be great for meeting new people, but unfortunately, romance fraudsters also use these sites to find their victims. And, according to the FBI, romance scams result in&nbsp;greater&nbsp;financial&nbsp;loss&nbsp;than any other internet-facilitated crime, with the average victim losing over $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This type of fraud takes on many different forms, but typically it starts with the scammer developing a supposed online romance with the victim. Once the scammer gains the victim’s trust, they’ll ask for money. They often claim to need money due to a personal emergency or to buy a plane ticket to visit the victim. Romance scammers have even gone so far as to persuade their victims to give them access to private financial accounts. It’s also not uncommon for these conniving criminals to convince their victims to commit financial fraud on their behalf.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>How to avoid this scam</strong>?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Older adults should be especially cautious using online dating websites, as some romance fraudsters specifically target older citizens. What’s more, women are victimized at a much greater rate than men. No matter what your age or gender, review our&nbsp;tips for dating online safely&nbsp;to help minimize the chance you’ll get duped. Don’t hesitate to break contact with anyone who tries to scam you, and you should always report them to the dating website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Bogus pop-up security warnings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This scam preys on consumers’ fears. A bogus pop-up warns the user that their computer has just been infected by a virus and directs them to download security software immediately.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Sometimes, the goal of this scam is to make money by tricking the victim into purchasing rogue software. Other times the supposed security software is free, which helps encourage the victim to download it. Once installed, the software takes control of the victim’s computer, where it can wreak havoc or burrow into your private, stored information. Even experienced internet users can be fooled by this scam, as many phony pop-ups look like legitimate messages coming from Windows or a leading computer security provider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>How to avoid this scam</strong>?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">One of the most effective ways to help avoid this scam is to protect your computer with genuine antivirus software from a reputable security company. A good option is&nbsp;<strong>Norton AntiVirus</strong>, which helps defend your computer against scams as well as viruses and phishing attempts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Product scams are booming</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Unfortunately, a barrage of imposter brands are popping up all over social media and on favorite online shopping spots (like Amazon). It can be hard to know the difference between fakes and genuine products. Here are some pointers to help you spot a product scam:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Read customer reviews</strong>. Too many super-positive reviews can be a red flag. Also watch for repeated phrases and language.&nbsp;</li><li><strong>Scrutinize photos</strong>. Beware of photos that look like stock images. Know for sure by checking the origin of the image.</li><li><strong>Get help</strong>. There are online tools to help you spot the fakes. One of our staff experts uses&nbsp;<strong>Fakespot</strong>&nbsp;to help identify scam companies.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What to do if you’re scammed?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Cyber criminals are always thinking of new ways to fool people, so use caution anytime you’re on the web. If you fall for a cyber scam (or think you may have), don’t be embarrassed. Gather any relevant information about the incident and then&nbsp;file a complaint with the IC3. An analyst from the IC3 will review and research your complaint and send out information about the incident to the appropriate law enforcement or regulatory agencies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Talk to your loved ones about these common online scams, and encourage them to tell you if they think they’re being scammed. Whether they’re being scammed or have narrowly missed being scammed, recommend reputable&nbsp;antivirus software&nbsp;for their use and protection. Particularly if you have kids, make them aware of these and other potential online dangers before they encounter them. We also recommend using parent control software&nbsp;to help protect your kids from cybercriminals. With your friends and family properly warned and informed, you can rest at ease knowing the people you care about are cared for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.safewise.com/blog/internet-safety-avoid-online-scams/\">click here.</a></p>\n<!-- /wp:paragraph -->','Internet Safety: How to Avoid Online Scams?','','publish','open','open','','internet-safety-how-to-avoid-online-scams','','\nhttps://www.safewise.com/blog/internet-safety-avoid-online-scams/','2022-04-26 14:47:54','2022-04-26 14:47:54','',0,'http://smartinsurance.tips/?p=2233',0,'post','',0),(2234,1,'2022-04-02 21:41:21','2022-04-02 21:41:21','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Internet fraud is alive and well, and it’s costing victims thousands of dollars. In fact, the FBI’s Internet Crime Compliant Center (IC3) received a record 791,790 complaints of online fraud in 2020, with $4.1 billion in reported losses—that’s an average of over 2,100 per day at around $5,000 per person.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Anyone can become a victim of online crime, but older adults tend to be more at risk. According to the IC3, overt 40% of all internet crime victims are over the age of 50. Sadly, this group also reports the greatest number of victims who lose more than $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">We don’t expect you or your loved ones to unplug from the internet, but we do want you to stay safe online. So familiarize yourself with these common internet scams and the proactive measures you can take to avoid them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">COVID-19 scams update</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Unfortunately, the global pandemic has inspired scammers to prey on people while we’re already worried and vulnerable. Here are the latest scams to hit the scene—and some tips to avoid them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Social media scams</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">On top of unending photos of the banana bread everyone’s baking, social media has been full of posts offering fake COVID-19 cures, phony coronavirus tests, and false vaccination information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Between March and May 2020, researchers at the University of California, San Diego, spotted nearly 2,000 fraudulent social media posts related to fake health products and financial scams related to the pandemic.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"fontSize\":\"medium\"} -->\n<h4 class=\"has-medium-font-size\"><strong>How to avoid social media scams</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Avoid deals that are too good to be true:</strong>&nbsp;If the price is super-cheap, the product promises miracle results, or promos feature limited stock and rapid, bulk sales, it’s probably a scam.</li><li><strong>Be wary of imported goods:</strong>&nbsp;When it comes to health care solutions, imported COVID-19 tests, medicine, vaccines, or cures shouldn’t be trusted. In addition to being risky, it’s probably illegal to sell unvetted coronavirus health products from abroad.</li><li><strong>Don’t buy directly from social media:</strong>&nbsp;Sellers that use direct messaging or apps like WhatsApp or Skype to peddle their wares, are most likely frauds. If you can’t find a legit store, just hit “exit.”</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Robocall scams</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Being stuck at home has made everyone more vulnerable to robocall scams. These scams tend to target older Americans in particular. Many of these phony callers pose as government agencies or charities—entities that people are likely to trust with personal and financial information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The Federal Trade Commission (FTC) reports more than 131,000 complaints regarding pandemic-related scam calls. But that’s nothing compared to the more than three billion robocalls Americans have received.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h4 class=\"has-black-color has-text-color has-medium-font-size\"><strong>How to avoid robocalls</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Don’t pick up:</strong> If you see a call from an unknown number, let it go to voicemail. If it’s a friend, they’ll leave you a message. If you find a computer-generated voice message, block the number and report it as a scam robocall.</li><li><strong>Filter scam calls out: </strong>Most mobile phones have a feature or app that lets you filter out unknown callers and numbers that are likely to be fraudulent robocalls. The FTC has a complete guide to help you block scam calls on Android, iOS, and landline phones.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Not a scam</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Some text messages claiming to be from the US Census Bureau have been making the rounds, leading people to fear it\'s some kind of scam. The texts ask recipients to complete a survey about the global pandemic. If you get one of these texts, you can breathe easy—these messages are legit. The Census Bureau is collecting information to track the impact of the coronavirus on US households.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Coronavirus emails</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The new coronavirus impacts everyday life in surprising ways including its side effects on internet security. One trend is an uptick in scams posing as the Centers for Disease Control and Prevention (CDC), selling bogus cures, and offering great deals on the unofficial COVID-19 currency: toilet paper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>How to avoid this scam</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Scare tactics aren’t new to scammers, but there’s plenty you can do to skip the scams and protect your personal data:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Delete emails that claim to come from “official” sources.</strong>&nbsp;Instead, you should directly visit the websites of official sources like the CDC and the World Health Organization (WHO) for news and information.</li><li><strong>Never click links in emails from unknown senders.</strong>&nbsp;Killer deals are usually too good to be true and news of vaccinations won’t come in your email. Instead, you’ll learn about these from government officials, usually via the local or national news.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">To learn more about avoiding COVID-19 scams, check out these articles from the Federal Trade Commission, Food and Drug Administration, and Norton.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Fake credit report websites</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">By law, you’re entitled to a free copy of your credit report once every 12 months. <strong>AnnualCreditReport.com</strong> is the only government authorized website for ordering your free annual credit report, but the internet is full of imposter sites. These websites claim to offer “free credit reports,” but oftentimes they’re trying to collect personal information, like your Social Security number or date of birth, that can be used to steal your identity. Other websites might offer “free” credit monitoring, but then charge a fee to your credit card after a trial period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">SafeWise recommends checking your credit report at least once per year. If you find unauthorized activity and think you’ve been a victim of identity theft, place a fraud alert on your credit report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>How to avoid this scam</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Don’t respond to emails, pop-up ads, or social media ads that offer a free credit report. Go through AnnualCreditReport.com instead. Be aware that some fake credit report websites have URLs that are very similar to AnnualCreditReport, so type the address in your search bar carefully and verify you’re on the legitimate site before entering any information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Online romance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Dating websites can be great for meeting new people, but unfortunately, romance fraudsters also use these sites to find their victims. And, according to the FBI, romance scams result in greater financial loss than any other internet-facilitated crime, with the average victim losing over $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This type of fraud takes on many different forms, but typically it starts with the scammer developing a supposed online romance with the victim. Once the scammer gains the victim’s trust, they’ll ask for money. They often claim to need money due to a personal emergency or to buy a plane ticket to visit the victim. Romance scammers have even gone so far as to persuade their victims to give them access to private financial accounts. It’s also not uncommon for these conniving criminals to convince their victims to commit financial fraud on their behalf.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3><strong>How to avoid this scam</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Older adults should be especially cautious using online dating websites, as some romance fraudsters specifically target older citizens. What’s more, women are victimized at a much greater rate than men. No matter what your age or gender, review our tips for dating online safely to help minimize the chance you’ll get duped. Don’t hesitate to break contact with anyone who tries to scam you, and you should always report them to the dating website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Bogus pop-up security warnings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This scam preys on consumers’ fears. A bogus pop-up warns the user that their computer has just been infected by a virus and directs them to download security software immediately.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Sometimes, the goal of this scam is to make money by tricking the victim into purchasing rogue software. Other times the supposed security software is free, which helps encourage the victim to download it. Once installed, the software takes control of the victim’s computer, where it can wreak havoc or burrow into your private, stored information. Even experienced internet users can be fooled by this scam, as many phony pop-ups look like legitimate messages coming from Windows or a leading computer security provider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>How to avoid this scam</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">One of the most effective ways to help avoid this scam is to protect your computer with genuine antivirus software from a reputable security company. A good option is <strong>Norton AntiVirus</strong>, which helps defend your computer against scams as well as viruses and phishing attempts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Product scams are booming</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Unfortunately, a barrage of imposter brands are popping up all over social media and on favorite online shopping spots (like Amazon). It can be hard to know the difference between fakes and genuine products. Here are some pointers to help you spot a product scam:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Read customer reviews</strong>. Too many super-positive reviews can be a red flag. Also watch for repeated phrases and language. </li><li><strong>Scrutinize photos</strong>. Beware of photos that look like stock images. Know for sure by checking the origin of the image.</li><li><strong>Get help</strong>. There are online tools to help you spot the fakes. One of our staff experts uses <strong>Fakespot</strong> to help identify scam companies.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What to do if you’re scammed</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Cyber criminals are always thinking of new ways to fool people, so use caution anytime you’re on the web. If you fall for a cyber scam (or think you may have), don’t be embarrassed. Gather any relevant information about the incident and then file a complaint with the IC3. An analyst from the IC3 will review and research your complaint and send out information about the incident to the appropriate law enforcement or regulatory agencies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Talk to your loved ones about these common online scams, and encourage them to tell you if they think they’re being scammed. Whether they’re being scammed or have narrowly missed being scammed, recommend reputable antivirus software for their use and protection. Particularly if you have kids, make them aware of these and other potential online dangers before they encounter them. We also recommend using parent control software to help protect your kids from cybercriminals. With your friends and family properly warned and informed, you can rest at ease knowing the people you care about are cared for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.safewise.com/blog/internet-safety-avoid-online-scams/\">click here.</a></p>\n<!-- /wp:paragraph -->','Internet Safety: How to Avoid Online Scams','','inherit','closed','closed','','2233-revision-v1','','','2022-04-02 21:41:21','2022-04-02 21:41:21','',2233,'http://smartinsurance.tips/?p=2234',0,'revision','',0),(2235,1,'2022-04-02 21:44:40','2022-04-02 21:44:40','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2408,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Leadership-1024x536.png\" alt=\"\" class=\"wp-image-2408\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The&nbsp;business environment has never been more demanding&nbsp;than it is right now. Factors that would have been exceptional not long ago—global competition, turbulent markets, demanding shareholders and customers, and constantly changing technology—are an everyday fact of life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">More than ever,&nbsp;successful organizations depend on the quality of their leadership.&nbsp;And&nbsp;successful leadership depends on broad-strokes preparation&nbsp;based on principles you can apply in any situation, however volatile.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Here are some foundational principles that will make you a more effective leader:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Be both flexible and resolute.</strong>&nbsp;To be an effective leader, you have to learn to balance being unbending and being adaptable. Great leaders know how to go with the flow without losing direction, moving their organization forward with resiliency and alertness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Delegate but don’t be demanding.</strong>&nbsp;Too many leaders&nbsp;feel they need to control every little thing. Allow others to do their job and do it well. When you delegate wisely and often, you’re developing leadership skills, confidence and trust within your team.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Set direction but make it compelling.</strong>&nbsp;Every employee needs some degree of direction. Set specific and measurable goals with your employees, then regularly monitor their progress against their own goals as well as their contribution toward organizational goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Communicate with honesty and clarity.&nbsp;</strong>Many leaders don’t communicate clearly enough or often enough. Make the effort to inform, report, and communicate concisely so people are free to work without information gaps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Be accessible and available.</strong>&nbsp;At its core, your leadership is all about your people. When someone needs you, it’s time to look up, make eye contact, set aside your work and your phone and any other distractions, and focus on the person standing in front of you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don’t just solve problems, create lasting solutions.</strong>&nbsp;There will always be problems, and there will always be a need for leaders who can create timely solutions that endure. Too many leaders settle for quick fixes that often cause bigger problems down the road. Focus on healing the cause of the problem instead of treating the symptoms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Consistently recognize the achievements of others.</strong>&nbsp;&nbsp;Every employee wants to do a good job. And when they do, they want recognition from their leader. The simple act of recognizing and rewarding employees for a job well done is enough to set you apart as a leader.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Lead From Within:&nbsp;</strong>If you want to grow into a truly effective leader, start today to cultivate these skills. Then, when the time comes, you’ll be prepared to steer your company and people in the right direction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.lollydaskal.com/leadership/7-ways-to-be-a-more-effective-leader/\">click here.</a></p>\n<!-- /wp:paragraph -->','7 Ways to Be a More Effective Leader','','publish','open','open','','7-ways-to-be-a-more-effective-leader','','\nhttps://www.lollydaskal.com/leadership/7-ways-to-be-a-more-effective-leader/','2022-04-26 14:50:06','2022-04-26 14:50:06','',0,'http://smartinsurance.tips/?p=2235',0,'post','',0),(2236,1,'2022-04-02 21:43:02','2022-04-02 21:43:02','','Privacy','','inherit','open','closed','','privacy','','','2022-04-02 21:43:02','2022-04-02 21:43:02','',2235,'http://smartinsurance.tips/wp-content/uploads/2022/04/Privacy.png',0,'attachment','image/png',0),(2237,1,'2022-04-02 21:44:40','2022-04-02 21:44:40','<!-- wp:image {\"id\":2236,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Privacy-1024x536.png\" alt=\"\" class=\"wp-image-2236\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The business environment has never been more demanding than it is right now. Factors that would have been exceptional not long ago—global competition, turbulent markets, demanding shareholders and customers, and constantly changing technology—are an everyday fact of life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">More than ever, successful organizations depend on the quality of their leadership. And successful leadership depends on broad-strokes preparation based on principles you can apply in any situation, however volatile.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Here are some foundational principles that will make you a more effective leader:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Be both flexible and resolute.</strong>&nbsp;To be an effective leader, you have to learn to balance being unbending and being adaptable. Great leaders know how to go with the flow without losing direction, moving their organization forward with resiliency and alertness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Delegate but don’t be demanding.</strong>&nbsp;Too many leaders&nbsp;feel they need to control every little thing. Allow others to do their job and do it well. When you delegate wisely and often, you’re developing leadership skills, confidence and trust within your team.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Set direction but make it compelling.</strong>&nbsp;Every employee needs some degree of direction. Set specific and measurable goals with your employees, then regularly monitor their progress against their own goals as well as their contribution toward organizational goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Communicate with honesty and clarity.&nbsp;</strong>Many leaders don’t communicate clearly enough or often enough. Make the effort to inform, report, and communicate concisely so people are free to work without information gaps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Be accessible and available.</strong>&nbsp;At its core, your leadership is all about your people. When someone needs you, it’s time to look up, make eye contact, set aside your work and your phone and any other distractions, and focus on the person standing in front of you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don’t just solve problems, create lasting solutions.</strong>&nbsp;There will always be problems, and there will always be a need for leaders who can create timely solutions that endure. Too many leaders settle for quick fixes that often cause bigger problems down the road. Focus on healing the cause of the problem instead of treating the symptoms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Consistently recognize the achievements of others.</strong>&nbsp;&nbsp;Every employee wants to do a good job. And when they do, they want recognition from their leader. The simple act of recognizing and rewarding employees for a job well done is enough to set you apart as a leader.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Lead From Within: </strong>If you want to grow into a truly effective leader, start today to cultivate these skills. Then, when the time comes, you’ll be prepared to steer your company and people in the right direction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.lollydaskal.com/leadership/7-ways-to-be-a-more-effective-leader/\">click here.</a></p>\n<!-- /wp:paragraph -->','7 Ways to Be a More Effective Leader','','inherit','closed','closed','','2235-revision-v1','','','2022-04-02 21:44:40','2022-04-02 21:44:40','',2235,'http://smartinsurance.tips/?p=2237',0,'revision','',0),(2238,1,'2022-04-02 21:49:33','2022-04-02 21:49:33','<!-- wp:image {\"id\":2410,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Health-1024x536.png\" alt=\"\" class=\"wp-image-2410\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There’s more to staying heart-healthy than just eating right and exercising regularly, namely getting enough shuteye.&nbsp;<br><br>Indeed, sleep plays an important role in overall health and well-being. By the same token, healthy diet, regular exercise&nbsp; and low stress may promote the sort of deep, restorative sleep that is essential for good cardiovascular health.<br><br>How much sleep do you need? The Centers for Disease Control and Prevention in Atlanta advises adults between 18 and 65 to aim for at least seven hours of good quality sleep per night.&nbsp;&nbsp;<br><br>Unfortunately, sleeping well is not the necessarily the norm. In fact, according to the National Heart, Lung, and Blood Institute of the National Institutes of Health, 50 million to 70 million American adults either don’t get any sleep on a regular basis or have a sleeping disorder.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How does sleep affect heart health?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Studies show short sleep duration or poor sleep quality, is associated with&nbsp;high blood pressure, elevated&nbsp;cholesterol&nbsp;and&nbsp;atherosclerosis. And habitual short sleep increases the chance of cardiovascular events.&nbsp;&nbsp;<br><br>Not getting enough restful sleep is also correlated with:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Poor diet / weight gain</strong><br>A study of 495 participants found an association between poor sleep quality, increased food intake and lower consumption of whole grains. And short sleep duration may lead to weight gain, even in those with a low risk for obesity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Diabetes&nbsp;<br></strong>An analysis of past studies suggests not getting enough Z’s significantly increases the risk of developing Type 2&nbsp;diabetes. In addition, losing as little as two hours of sleep per day may lead to increased insulin resistance and decreased glucose tolerance in lab conditions.<br><br>High blood sugar associated with diabetes can also increase cholesterol, blood pressure and triglycerides, ultimately damaging the nerves and blood vessels. As a result, people with Type 2 diabetes are twice as likely to have a&nbsp;heart attack&nbsp;or&nbsp;stroke.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Inflammation<br></strong>In lab studies, sleep restriction is associated with&nbsp;inflammation, and preliminary research suggests this may be true in the general population. This is important because inflammatory processes can elevate risk for cardiovascular disease.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Stroke, heart attack and death<br></strong>Researchers report a modest link between both short and long sleep duration, or nine hours or more at a time, and stroke. Short and long duration sleep are also associated with a greater risk of death.&nbsp; &nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">The link between sleeping disorders and heart disease</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Perhaps unsurprisingly, a growing body of research demonstrates a correlation between many sleeping disorders and cardiovascular health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>People with common sleeping disorders such as obstructive&nbsp;sleep apnea&nbsp;or insomnia also are far more likely to have heart&nbsp;arrhythmias, plaque buildup,&nbsp;heart failure&nbsp;and&nbsp;coronary artery disease&nbsp;than the general public.</li><li>Evidence is mounting that neurological sleep disorders such as restless leg syndrome, which affects 7% to 10% of Americans, may increase the risk of heart disease, although more research is needed to better understand the connection.</li><li>In most people, blood pressure dips during sleep. However, that doesn’t always happen in people with Type 1 narcolepsy. Although more research is needed in this area, some suggest that this may increase the risk for heart problems.&nbsp; &nbsp;</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">The role of mental health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There’s a similar both-ways relationship between sleep and mental health: People with psychological disorders are more likely to develop sleep problems than those in the general population, and sleep problems may also increase the risk of developing certain mental illnesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This may affect heart health. Many studies have shown both daily stressors and traumatic stressful events increase the risk of cardiovascular disease. Loneliness, workplace stress, anger and hostility, anxiety, depression and even pessimism likewise impact overall health, increasing the risk to heart health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Optimism, on the other hand, is associated with healthier living, including better sleep quality and a lower risk of cardiovascular disease and death from all causes.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In a recent scientific statement, the American Heart Association acknowledged the growing body of evidence pointing to the strong link between mental health, behaviors and physical health, noting data that suggest treating mental health can improve heart health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What’s the takeaway?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There’s a strong connection between mental health, sleep and overall physical health, specifically cardiovascular health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Lifestyle factors such as diet and exercise may reduce the risk of heart disease, both directly and indirectly, by fostering better sleep. This, in turn, may lead to a better outlook and more energy – the very best kind of feedback loop.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What should I do if I have problems sleeping?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The CDC advises people to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Go to bed and wake up at the same time every day, weekends included.</li><li>Sleep in a dark, quiet place set at a comfortable temperature.</li><li>Ban electronic devices from the bedroom. These can interfere with sleep.</li><li>Avoid caffeine, alcohol and large meals before hitting the pillow.</li><li>Exercise. Physical activity during the day makes it easier to fall asleep that night.&nbsp;</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Talk with your doctor or health care professional if you have symptoms of a sleep disorder or have tried such measures and still can’t get to sleep.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.heart.org/en/health-topics/sleep-disorders/sleep-and-heart-health\">click here.</a></p>\n<!-- /wp:paragraph -->','Sleep plays an important role in heart health','','publish','open','open','','sleep-plays-an-important-role-in-heart-health','','','2022-04-26 14:51:12','2022-04-26 14:51:12','',0,'http://smartinsurance.tips/?p=2238',0,'post','',0),(2239,1,'2022-04-02 21:45:56','2022-04-02 21:45:56','','Health','','inherit','open','closed','','health','','','2022-04-02 21:45:56','2022-04-02 21:45:56','',2238,'http://smartinsurance.tips/wp-content/uploads/2022/04/Health.png',0,'attachment','image/png',0),(2240,1,'2022-04-02 21:49:33','2022-04-02 21:49:33','<!-- wp:image {\"id\":2239,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Health-1024x536.png\" alt=\"\" class=\"wp-image-2239\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There’s more to staying heart-healthy than just eating right and exercising regularly, namely getting enough shuteye.&nbsp;<br><br>Indeed, sleep plays an important role in overall health and well-being. By the same token, healthy diet, regular exercise&nbsp; and low stress may promote the sort of deep, restorative sleep that is essential for good cardiovascular health.<br><br>How much sleep do you need? The Centers for Disease Control and Prevention in Atlanta advises adults between 18 and 65 to aim for at least seven hours of good quality sleep per night.&nbsp;&nbsp;<br><br>Unfortunately, sleeping well is not the necessarily the norm. In fact, according to the National Heart, Lung, and Blood Institute of the National Institutes of Health, 50 million to 70 million American adults either don’t get any sleep on a regular basis or have a sleeping disorder.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How does sleep affect heart health?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Studies show short sleep duration or poor sleep quality, is associated with high blood pressure, elevated cholesterol and atherosclerosis. And habitual short sleep increases the chance of cardiovascular events.  <br><br>Not getting enough restful sleep is also correlated with:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Poor diet / weight gain</strong><br>A study of 495 participants found an association between poor sleep quality, increased food intake and lower consumption of whole grains. And short sleep duration may lead to weight gain, even in those with a low risk for obesity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Diabetes <br></strong>An analysis of past studies suggests not getting enough Z’s significantly increases the risk of developing Type 2 diabetes. In addition, losing as little as two hours of sleep per day may lead to increased insulin resistance and decreased glucose tolerance in lab conditions.<br><br>High blood sugar associated with diabetes can also increase cholesterol, blood pressure and triglycerides, ultimately damaging the nerves and blood vessels. As a result, people with Type 2 diabetes are twice as likely to have a heart attack or stroke.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Inflammation<br></strong>In lab studies, sleep restriction is associated with inflammation, and preliminary research suggests this may be true in the general population. This is important because inflammatory processes can elevate risk for cardiovascular disease.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Stroke, heart attack and death<br></strong>Researchers report a modest link between both short and long sleep duration, or nine hours or more at a time, and stroke. Short and long duration sleep are also associated with a greater risk of death.&nbsp; &nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">The link between sleeping disorders and heart disease</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Perhaps unsurprisingly, a growing body of research demonstrates a correlation between many sleeping disorders and cardiovascular health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>People with common sleeping disorders such as obstructive sleep apnea or insomnia also are far more likely to have heart arrhythmias, plaque buildup, heart failure and coronary artery disease than the general public.</li><li>Evidence is mounting that neurological sleep disorders such as restless leg syndrome, which affects 7% to 10% of Americans, may increase the risk of heart disease, although more research is needed to better understand the connection.</li><li>In most people, blood pressure dips during sleep. However, that doesn’t always happen in people with Type 1 narcolepsy. Although more research is needed in this area, some suggest that this may increase the risk for heart problems.   </li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">The role of mental health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There’s a similar both-ways relationship between sleep and mental health: People with psychological disorders are more likely to develop sleep problems than those in the general population, and sleep problems may also increase the risk of developing certain mental illnesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This may affect heart health. Many studies have shown both daily stressors and traumatic stressful events increase the risk of cardiovascular disease. Loneliness, workplace stress, anger and hostility, anxiety, depression and even pessimism likewise impact overall health, increasing the risk to heart health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Optimism, on the other hand, is associated with healthier living, including better sleep quality and a lower risk of cardiovascular disease and death from all causes.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In a recent scientific statement, the American Heart Association acknowledged the growing body of evidence pointing to the strong link between mental health, behaviors and physical health, noting data that suggest treating mental health can improve heart health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What’s the takeaway?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There’s a strong connection between mental health, sleep and overall physical health, specifically cardiovascular health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Lifestyle factors such as diet and exercise may reduce the risk of heart disease, both directly and indirectly, by fostering better sleep. This, in turn, may lead to a better outlook and more energy – the very best kind of feedback loop.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What should I do if I have problems sleeping?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The CDC advises people to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Go to bed and wake up at the same time every day, weekends included.</li><li>Sleep in a dark, quiet place set at a comfortable temperature.</li><li>Ban electronic devices from the bedroom. These can interfere with sleep.</li><li>Avoid caffeine, alcohol and large meals before hitting the pillow.</li><li>Exercise. Physical activity during the day makes it easier to fall asleep that night.&nbsp;</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Talk with your doctor or health care professional if you have symptoms of a sleep disorder or have tried such measures and still can’t get to sleep.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.heart.org/en/health-topics/sleep-disorders/sleep-and-heart-health\">click here.</a></p>\n<!-- /wp:paragraph -->','Sleep plays an important role in heart health','','inherit','closed','closed','','2238-revision-v1','','','2022-04-02 21:49:33','2022-04-02 21:49:33','',2238,'http://smartinsurance.tips/?p=2240',0,'revision','',0),(2241,1,'2022-04-02 21:54:42','2022-04-02 21:54:42','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tips for the do-it-yourself car wash</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2412,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Product-review--1024x536.png\" alt=\"\" class=\"wp-image-2412\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For many vehicle owners, washing a car by hand is a therapeutic act as beneficial for the person\'s state of mind as to the vehicle\'s appearance. That\'s good, because frequent washing is also the best way to maintain a new-car finish and detect blemishes and other potential issues, such as rust or loosening trim. But as simple as washing your car may seem, there are some things to watch for so that you don\'t accidentally scratch or degrade the finish.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Below are some basic car-washing tips. And if you prefer to use an automated, drive-thru car wash, be sure to learn&nbsp;which extras are worth the money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What Kind of Products Should You Use?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t use household cleaning agents</strong>&nbsp;like hand soap, dishwashing detergent, or glass cleaner on the paint. These aren\'t formulated for use on a car\'s paint and may strip off the protective wax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do use a dedicated car-wash product</strong>, which is milder and specifically designed for use on automotive paint. Apply the suds with a large, soft natural sponge or a lamb\'s-wool mitt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Grease, rubber, and road-tar deposits picked up from the road often accumulate around the wheel wells and along the lower edge of the body. These can be stubborn to remove and may require a stronger product, such as a bug-and-tar remover. Use a soft, nonabrasive cloth to remove these deposits, as they can quickly blacken your sponge.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do use a separate sponge to clean the wheels and tires,</strong>&nbsp;which may be coated with sand, brake dust, and other debris that could mar the car\'s finish. Mild soap and water may work here; if not, a dedicated wheel cleaner may be required. Be sure the cleaner is compatible with the type of finish (paint, clear-coat, chrome, etc.) used on the wheels. A strong formula intended for mag wheels, for instance, can damage the clear coat that\'s used on the wheels that come on today\'s cars. To be on the safe side, choose a cleaner that\'s labeled as safe for use on all wheels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t use a tire dressing product.&nbsp;</strong>These are often marketed as adding a shine to the tires. Many products claim to clean the sidewall, removing harsh dirt and oils that might degrade the rubber over time. And some products claim to act like a blocker or sunscreen for your tires, reducing the harmful aging effects of UV light and ozone that make rubber hard and brittle, leading to cracking. However, tire makers we spoke with say aftermarket products are not needed to preserve tires and that the shine is merely cosmetic. Bridgestone said their tires have antioxidants and waxes in the tire to protect them from the environment. A dull appearance may occur over time, but this is just the waxes migrating to the surface and actually helps protect the tire. Simple soap and water is all you need for the tires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do treat your car to a seasonal waxing</strong>&nbsp;to help protect it from the elements and give it a like-new shine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Are There Any General Guidelines You Should Follow When Washing a Car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t wash your car when the body is hot,</strong>&nbsp;such as immediately after driving it or after it has been parked in direct sunlight for awhile. Heat speeds the drying of soap and water, making washing more difficult and increasing the chances that spots or deposits will form.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t move the sponge in circles.&nbsp;</strong>This can create light, but noticeable scratches called swirl marks. Instead, move the sponge lengthwise across the hood and other body panels. And don\'t continue using a sponge that\'s dropped on the ground without thoroughly rinsing it out. The sponge can pick up dirt particles that can scratch the paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do rinse all surfaces thoroughly with water</strong>&nbsp;before you begin washing to remove loose dirt and debris that could cause scratching. Once you begin, concentrate on one section at a time, washing and rinsing each area completely before moving on to the next one. This ensures that you have plenty of time to rinse before the soap dries. Start at the top, and then work your way around the car. Use a hose without a nozzle and let the water flow over the car from top to bottom. This creates a sheeting action that helps minimize pooling of water.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do work the car-wash solution into a lather</strong>&nbsp;with plenty of suds that provide lots of lubrication on the paint surface. And rinse the sponge often. Using a separate bucket to rinse the sponge keeps dirt from getting mixed into the sudsy wash water.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How Should You Dry the Car When You\'re Done?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t let the car air dry,&nbsp;</strong>and don\'t expect a drive around the block to do an effective job. Either will leave watermarks caused by minerals in hard water. In addition, don\'t use an abrasive towel or other material that can leave hairline scratches in the paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do use a chamois (natural or synthetic) or soft terry towels.</strong>&nbsp;If you choose towels, you may need several. It\'s best to blot the water up instead of dragging the towel or chamois over the paint. The drying process can be speeded up by using a soft squeegee to remove most of the water on the body, but be sure the rubber is pliable and that it doesn\'t pick up bits of dirt that can cause scratches.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Car Cleaning Tips</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Is the inside of your car starting to resemble a garbage can? On the \"Consumer 101\" TV show, Consumer Reports expert Jen Stockburger offers tips to host Jack Rico on how to make a vehicle’s interior look new again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.familyhandyman.com/list/20-tips-for-planning-a-successful-house-remodel/\">cli</a><a href=\"https://www.consumerreports.org/car-repair-maintenance/how-to-wash-your-car-a5065989586/\">ck here.</a></p>\n<!-- /wp:paragraph -->','How to Wash Your Car?','','publish','open','open','','how-to-wash-your-car','','','2022-04-26 14:54:16','2022-04-26 14:54:16','',0,'http://smartinsurance.tips/?p=2241',0,'post','',0),(2242,1,'2022-04-02 21:50:59','2022-04-02 21:50:59','','Product-review-','','inherit','open','closed','','product-review','','','2022-04-02 21:50:59','2022-04-02 21:50:59','',2241,'http://smartinsurance.tips/wp-content/uploads/2022/04/Product-review-.png',0,'attachment','image/png',0),(2243,1,'2022-04-02 21:51:32','2022-04-02 21:51:32','','Product-review-1-1','','inherit','open','closed','','product-review-1-1','','','2022-04-02 21:51:32','2022-04-02 21:51:32','',2241,'http://smartinsurance.tips/wp-content/uploads/2022/04/Product-review-1-1.png',0,'attachment','image/png',0),(2244,1,'2022-04-02 21:54:42','2022-04-02 21:54:42','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tips for the do-it-yourself car wash</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2243,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Product-review-1-1-1024x536.png\" alt=\"\" class=\"wp-image-2243\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For many vehicle owners, washing a car by hand is a therapeutic act as beneficial for the person\'s state of mind as to the vehicle\'s appearance. That\'s good, because frequent washing is also the best way to maintain a new-car finish and detect blemishes and other potential issues, such as rust or loosening trim. But as simple as washing your car may seem, there are some things to watch for so that you don\'t accidentally scratch or degrade the finish.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Below are some basic car-washing tips. And if you prefer to use an automated, drive-thru car wash, be sure to learn which extras are worth the money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What Kind of Products Should You Use?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t use household cleaning agents</strong>&nbsp;like hand soap, dishwashing detergent, or glass cleaner on the paint. These aren\'t formulated for use on a car\'s paint and may strip off the protective wax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do use a dedicated car-wash product</strong>, which is milder and specifically designed for use on automotive paint. Apply the suds with a large, soft natural sponge or a lamb\'s-wool mitt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Grease, rubber, and road-tar deposits picked up from the road often accumulate around the wheel wells and along the lower edge of the body. These can be stubborn to remove and may require a stronger product, such as a bug-and-tar remover. Use a soft, nonabrasive cloth to remove these deposits, as they can quickly blacken your sponge.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do use a separate sponge to clean the wheels and tires,</strong>&nbsp;which may be coated with sand, brake dust, and other debris that could mar the car\'s finish. Mild soap and water may work here; if not, a dedicated wheel cleaner may be required. Be sure the cleaner is compatible with the type of finish (paint, clear-coat, chrome, etc.) used on the wheels. A strong formula intended for mag wheels, for instance, can damage the clear coat that\'s used on the wheels that come on today\'s cars. To be on the safe side, choose a cleaner that\'s labeled as safe for use on all wheels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t use a tire dressing product.&nbsp;</strong>These are often marketed as adding a shine to the tires. Many products claim to clean the sidewall, removing harsh dirt and oils that might degrade the rubber over time. And some products claim to act like a blocker or sunscreen for your tires, reducing the harmful aging effects of UV light and ozone that make rubber hard and brittle, leading to cracking. However, tire makers we spoke with say aftermarket products are not needed to preserve tires and that the shine is merely cosmetic. Bridgestone said their tires have antioxidants and waxes in the tire to protect them from the environment. A dull appearance may occur over time, but this is just the waxes migrating to the surface and actually helps protect the tire. Simple soap and water is all you need for the tires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do treat your car to a seasonal waxing</strong> to help protect it from the elements and give it a like-new shine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Are There Any General Guidelines You Should Follow When Washing a Car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t wash your car when the body is hot,</strong>&nbsp;such as immediately after driving it or after it has been parked in direct sunlight for awhile. Heat speeds the drying of soap and water, making washing more difficult and increasing the chances that spots or deposits will form.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t move the sponge in circles.&nbsp;</strong>This can create light, but noticeable scratches called swirl marks. Instead, move the sponge lengthwise across the hood and other body panels. And don\'t continue using a sponge that\'s dropped on the ground without thoroughly rinsing it out. The sponge can pick up dirt particles that can scratch the paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do rinse all surfaces thoroughly with water</strong>&nbsp;before you begin washing to remove loose dirt and debris that could cause scratching. Once you begin, concentrate on one section at a time, washing and rinsing each area completely before moving on to the next one. This ensures that you have plenty of time to rinse before the soap dries. Start at the top, and then work your way around the car. Use a hose without a nozzle and let the water flow over the car from top to bottom. This creates a sheeting action that helps minimize pooling of water.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do work the car-wash solution into a lather</strong>&nbsp;with plenty of suds that provide lots of lubrication on the paint surface. And rinse the sponge often. Using a separate bucket to rinse the sponge keeps dirt from getting mixed into the sudsy wash water.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How Should You Dry the Car When You\'re Done?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t let the car air dry,&nbsp;</strong>and don\'t expect a drive around the block to do an effective job. Either will leave watermarks caused by minerals in hard water. In addition, don\'t use an abrasive towel or other material that can leave hairline scratches in the paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do use a chamois (natural or synthetic) or soft terry towels.</strong>&nbsp;If you choose towels, you may need several. It\'s best to blot the water up instead of dragging the towel or chamois over the paint. The drying process can be speeded up by using a soft squeegee to remove most of the water on the body, but be sure the rubber is pliable and that it doesn\'t pick up bits of dirt that can cause scratches.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Car Cleaning Tips</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Is the inside of your car starting to resemble a garbage can? On the \"Consumer 101\" TV show, Consumer Reports expert Jen Stockburger offers tips to host Jack Rico on how to make a vehicle’s interior look new again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.familyhandyman.com/list/20-tips-for-planning-a-successful-house-remodel/\">cli</a><a href=\"https://www.consumerreports.org/car-repair-maintenance/how-to-wash-your-car-a5065989586/\">ck here.</a></p>\n<!-- /wp:paragraph -->','How to Wash Your Car','','inherit','closed','closed','','2241-revision-v1','','','2022-04-02 21:54:42','2022-04-02 21:54:42','',2241,'http://smartinsurance.tips/?p=2244',0,'revision','',0),(2245,1,'2022-04-02 22:07:09','2022-04-02 22:07:09','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Prepaid Insurance Explained</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2415,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-1-1024x536.png\" alt=\"\" class=\"wp-image-2415\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Prepaid insurance requires you to pay your premium before receiving the financial benefits of the policy. Insurers commonly offer prepayment for many types of insurance, including auto and homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Insurance companies often offer incentives to customers who prepay their premiums, but this type of plan requires making a large lump-sum payment. Learn how prepaid insurance works, and about its advantages and disadvantages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Key Takeaways</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>When you prepay your insurance premium, you pay for your policy in full in advance, and receive the coverage over a specified period following the payment.</li><li>Prepaying and monthly installments are the more common ways to pay an insurance premium.</li><li>Prepaying your insurance premium may qualify you for a reduced rate or a discount.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">What Is Prepaid Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-10\">Prepaid insurance is coverage you pay for in full before you receive its benefits. For example, if you take out a mortgage to buy a new home, the lender may require you to pay a one-year homeowners&nbsp;premium&nbsp;at closing. When the policy goes into effect, you’ll then get the benefits of the coverage over a 12-month period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">How Prepaid Insurance Works?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-14\">In accounting, prepaid insurance is a type of prepaid expense. Other types of prepaid expenses can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-17\" class=\"has-black-color has-text-color has-medium-font-size\"><li>License renewals</li><li>Maintenance contracts</li><li>Protection plans</li><li>Subscriptions</li><li>Warranties</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-20\">You must pay prepaid expenses upfront before you receive any type of benefit. For example, you might buy a one-year magazine subscription and receive one magazine per month for 12 months.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Important: Prepaid insurance works similarly to many products or services you pay for fully in advance. If you pay a six-month premium for a&nbsp;car insurance&nbsp;policy, the coverage will protect your automobile from the effective date until it’s time to renew the policy</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">Prepaid Expense Accounting</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-27\">Prepaid insurance is a future expense, which you must pay upfront and receive its benefits over time. Prepaid insurance is an expenditure. However, once you make the premium payment, the policy’s coverage becomes an asset, which diminishes over time during the coverage period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-30\">If you keep a ledger, enter the prepaid insurance payment as both a debit and credit. Let’s say you purchase a one-year home insurance policy for $1,200. Here’s how you will account for the expenditure and asset.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Date</strong></td><td><strong>Account</strong></td><td><strong>Debit</strong></td><td><strong>Credit</strong></td></tr><tr><td>1/1</td><td>Homeowners policy</td><td>$1,200</td><td>&nbsp;</td></tr><tr><td>1/1</td><td>Prepaid insurance</td><td>&nbsp;</td><td>$1,200</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-36\">Throughout the home insurance policy’s term, you will reduce the value of the asset. For example, the $1,200 prepaid policy will reduce in value by $100 each month, which you adjust in your ledger.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Date</strong></td><td><strong>Account</strong></td><td><strong>Debit</strong></td><td><strong>Credit</strong></td></tr><tr><td>2/1</td><td>Prepaid insurance</td><td>&nbsp;</td><td>$1,100</td></tr><tr><td>3/1</td><td>Prepaid insurance</td><td></td><td>$1,000</td></tr><tr><td>4/1</td><td>Prepaid insurance</td><td></td><td>$900</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-41\">Pros and Cons of Prepaid Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-43\">Like all financial products, prepaid insurance has both advantages and disadvantages to consider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Pros</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Discounted premiums</li><li>No monthly payment</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Cons</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Lump-sum payment</li><li>Cancelation hassles</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-49\">Pros Explained</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-51\" class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Lower premiums</strong>: Many insures give you the option to make monthly payments for auto and home insurance policies. However, some providers offer a lower rate for paying premiums in full. If you can afford to make a lump-sum payment for a six- or 12-month policy, you could qualify for discounts and/or pay fewer fees, depending on the&nbsp;carrier. Some providers also offer a discount for paying your premium in two payments rather than monthly installments.</li><li><strong>No monthly payments</strong>: Another advantage to making one lump-sum payment is that you will not have to worry about making regular monthly payments. You can plan your monthly budget without the additional expense once you’ve prepaid.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-54\">Cons Explained</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-56\" class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Lump-sum payment</strong>: Prepaying an entire premium requires making a large lump-sum payment, which may be difficult for some people, depending on their cash flow. For example, some homeowners may have difficulty paying a $1,500 annual&nbsp;home insurance&nbsp;premium in a single payment. However, many providers offer monthly installment payment plans for car and homeowners insurance.</li><li><strong>Cancellation hassles</strong>: Paying monthly premium installments can make the cancellation process easier. For instance, if you decide to switch to a new carrier, you can time the change according to your billing cycle.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-59\">Prepaying your insurance premium might complicate the cancellation process. For example, if you pay your $1,500 annual home insurance premium in one payment, then sell your house six months into the policy’s term, the insurer will have to refund the unused premium. Although providers do issue prorated refunds, you may have to wait days or weeks to receive the money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-62\">When canceling an insurance policy, you may incur&nbsp;a cancellation fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-64\">Alternatives to Prepaid Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-66\">While prepayment and monthly billing are standard ways to pay an insurance premium, some auto insurance companies offer pay-per-mile policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Note: Pay-per-mile car insurance policies vary by provider. Some charge a daily rate plus a mileage rate. For instance, you might pay $1.50 each day you drive plus $0.06 per mile.&nbsp;Other insurers charge a monthly insurance fee plus mileage. For example, you may pay a monthly fee of $30 plus $0.06 per mile.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Since your mileage varies from month to month, pay-per-mile programs do not offer a prepay option, only monthly billing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tip: Pay-per-mile car insurance policies are designed to benefit customers who maintain low annual mileage, such as people who work from home, are stay-at-home parents, or are retirees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-75\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-77\">Prepaid insurance is when you make one or two large payments in advance and receive the benefits of coverage throughout the policy’s term. It is a simple way to pay for coverage, but requires making a large payment rather than more-affordable monthly installments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-80\">Prepaid insurance is attractive to some policyholders who can afford it because it often offers incentives such as premium discounts. Keep in mind it might take you a bit longer to cancel a policy that was prepaid.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.thebalance.com/what-is-prepaid-insurance-5219084\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Prepaid Insurance?','','publish','open','open','','what-is-prepaid-insurance','','','2022-04-26 14:56:37','2022-04-26 14:56:37','',0,'http://smartinsurance.tips/?p=2245',0,'post','',0),(2246,1,'2022-04-02 21:56:59','2022-04-02 21:56:59','','PC-insurance-1','','inherit','open','closed','','pc-insurance-1','','','2022-04-02 21:56:59','2022-04-02 21:56:59','',2245,'http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-1.png',0,'attachment','image/png',0),(2247,1,'2022-04-02 22:07:09','2022-04-02 22:07:09','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Prepaid Insurance Explained</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2246,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-1-1024x536.png\" alt=\"\" class=\"wp-image-2246\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Prepaid insurance requires you to pay your premium before receiving the financial benefits of the policy. Insurers commonly offer prepayment for many types of insurance, including auto and homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Insurance companies often offer incentives to customers who prepay their premiums, but this type of plan requires making a large lump-sum payment. Learn how prepaid insurance works, and about its advantages and disadvantages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Key Takeaways</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>When you prepay your insurance premium, you pay for your policy in full in advance, and receive the coverage over a specified period following the payment.</li><li>Prepaying and monthly installments are the more common ways to pay an insurance premium.</li><li>Prepaying your insurance premium may qualify you for a reduced rate or a discount.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">What Is Prepaid Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-10\">Prepaid insurance is coverage you pay for in full before you receive its benefits. For example, if you take out a mortgage to buy a new home, the lender may require you to pay a one-year homeowners premium at closing. When the policy goes into effect, you’ll then get the benefits of the coverage over a 12-month period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">How Prepaid Insurance Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-14\">In accounting, prepaid insurance is a type of prepaid expense. Other types of prepaid expenses can include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-17\" class=\"has-black-color has-text-color has-medium-font-size\"><li>License renewals</li><li>Maintenance contracts</li><li>Protection plans</li><li>Subscriptions</li><li>Warranties</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-20\">You must pay prepaid expenses upfront before you receive any type of benefit. For example, you might buy a one-year magazine subscription and receive one magazine per month for 12 months.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Important: Prepaid insurance works similarly to many products or services you pay for fully in advance. If you pay a six-month premium for a car insurance policy, the coverage will protect your automobile from the effective date until it’s time to renew the policy</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">Prepaid Expense Accounting</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-27\">Prepaid insurance is a future expense, which you must pay upfront and receive its benefits over time. Prepaid insurance is an expenditure. However, once you make the premium payment, the policy’s coverage becomes an asset, which diminishes over time during the coverage period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-30\">If you keep a ledger, enter the prepaid insurance payment as both a debit and credit. Let’s say you purchase a one-year home insurance policy for $1,200. Here’s how you will account for the expenditure and asset.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Date</strong></td><td><strong>Account</strong></td><td><strong>Debit</strong></td><td><strong>Credit</strong></td></tr><tr><td>1/1</td><td>Homeowners policy</td><td>$1,200</td><td>&nbsp;</td></tr><tr><td>1/1</td><td>Prepaid insurance</td><td>&nbsp;</td><td>$1,200</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-36\">Throughout the home insurance policy’s term, you will reduce the value of the asset. For example, the $1,200 prepaid policy will reduce in value by $100 each month, which you adjust in your ledger.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Date</strong></td><td><strong>Account</strong></td><td><strong>Debit</strong></td><td><strong>Credit</strong></td></tr><tr><td>2/1</td><td>Prepaid insurance</td><td>&nbsp;</td><td>$1,100</td></tr><tr><td>3/1</td><td>Prepaid insurance</td><td></td><td>$1,000</td></tr><tr><td>4/1</td><td>Prepaid insurance</td><td></td><td>$900</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-41\">Pros and Cons of Prepaid Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-43\">Like all financial products, prepaid insurance has both advantages and disadvantages to consider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Pros</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Discounted premiums</li><li>No monthly payment</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Cons</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Lump-sum payment</li><li>Cancelation hassles</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-49\">Pros Explained</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-51\" class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Lower premiums</strong>: Many insures give you the option to make monthly payments for auto and home insurance policies. However, some providers offer a lower rate for paying premiums in full. If you can afford to make a lump-sum payment for a six- or 12-month policy, you could qualify for discounts and/or pay fewer fees, depending on the carrier. Some providers also offer a discount for paying your premium in two payments rather than monthly installments.</li><li><strong>No monthly payments</strong>: Another advantage to making one lump-sum payment is that you will not have to worry about making regular monthly payments. You can plan your monthly budget without the additional expense once you’ve prepaid.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-54\">Cons Explained</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-56\" class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Lump-sum payment</strong>: Prepaying an entire premium requires making a large lump-sum payment, which may be difficult for some people, depending on their cash flow. For example, some homeowners may have difficulty paying a $1,500 annual home insurance premium in a single payment. However, many providers offer monthly installment payment plans for car and homeowners insurance.</li><li><strong>Cancellation hassles</strong>: Paying monthly premium installments can make the cancellation process easier. For instance, if you decide to switch to a new carrier, you can time the change according to your billing cycle.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-59\">Prepaying your insurance premium might complicate the cancellation process. For example, if you pay your $1,500 annual home insurance premium in one payment, then sell your house six months into the policy’s term, the insurer will have to refund the unused premium. Although providers do issue prorated refunds, you may have to wait days or weeks to receive the money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-62\">When canceling an insurance policy, you may incur a cancellation fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-64\">Alternatives to Prepaid Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-66\">While prepayment and monthly billing are standard ways to pay an insurance premium, some auto insurance companies offer pay-per-mile policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Note: Pay-per-mile car insurance policies vary by provider. Some charge a daily rate plus a mileage rate. For instance, you might pay $1.50 each day you drive plus $0.06 per mile. Other insurers charge a monthly insurance fee plus mileage. For example, you may pay a monthly fee of $30 plus $0.06 per mile.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Since your mileage varies from month to month, pay-per-mile programs do not offer a prepay option, only monthly billing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tip: Pay-per-mile car insurance policies are designed to benefit customers who maintain low annual mileage, such as people who work from home, are stay-at-home parents, or are retirees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-75\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-77\">Prepaid insurance is when you make one or two large payments in advance and receive the benefits of coverage throughout the policy’s term. It is a simple way to pay for coverage, but requires making a large payment rather than more-affordable monthly installments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-80\">Prepaid insurance is attractive to some policyholders who can afford it because it often offers incentives such as premium discounts. Keep in mind it might take you a bit longer to cancel a policy that was prepaid.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/what-is-prepaid-insurance-5219084\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Prepaid Insurance?','','inherit','closed','closed','','2245-revision-v1','','','2022-04-02 22:07:09','2022-04-02 22:07:09','',2245,'http://smartinsurance.tips/?p=2247',0,'revision','',0),(2248,1,'2022-04-02 22:16:46','2022-04-02 22:16:46','<!-- wp:image {\"id\":2417,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-3-1024x536.png\" alt=\"\" class=\"wp-image-2417\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0\">You’re driving home from work, and a deer dashes across the road. Swerving to avoid it, you hop the curb and smash&nbsp;through the neighbor’s&nbsp;fence. Who pays to fix it?&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-2\">If you’re insured, your insurance company covers the cost, minus your deductible. This is the role of property damage liability insurance—coverage for damage you cause to another person’s property. Liability coverage is the most basic form of car insurance, and all states—except New Hampshire—require it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Most states require car owners to buy property damage liability insurance.</li><li>This&nbsp;coverage pays for damage to someone else’s property, such as a fence, a lamppost, or another driver’s car.</li><li>It doesn’t cover damage to your own vehicle.</li><li>Minimum liability requirements vary by state.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">How Does Property Damage Liability Insurance Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-7\">Property damage liability insurance usually makes up just one part of your&nbsp;car insurance&nbsp;policy. Car insurance policies typically contain the following coverage types:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-9\" class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Bodily Injury Liability:&nbsp;</strong>If you or a covered family member cause injuries to someone else, bodily injury liability coverage helps to pay their medical bills and lost wages.&nbsp;</li><li><strong>Medical Payments or Personal Injury Protection (PIP):</strong>&nbsp;If you’re in an accident and you or a passenger are injured, medical payments coverage or PIP will pay for your medical payments, lost wages, and even funeral costs.&nbsp;</li><li><strong>Collision:&nbsp;</strong>Collision insurance pays for repairs or replacement costs for the policyholder’s vehicle after an accident.&nbsp;&nbsp;</li><li><strong>Comprehensive:</strong>&nbsp;Comprehensive coverage reimburses policyholders for losses from theft or weather damage.&nbsp;</li><li><strong>Uninsured/Underinsured Motorist Coverage:&nbsp;</strong>If you’re in an accident with a person who either doesn’t have insurance or doesn’t have enough insurance to cover your damages, uninsured/underinsured motorist coverage will pay for your car repairs and other expenses.&nbsp;</li><li><strong>Property Damage Liability:&nbsp;</strong>Property damage liability insurance covers repairs to another person’s car or property, such as a fence or building, when you are at fault in an accident. It also will pay for the removal of debris, such as a damaged tree or signs, that occurs after an accident.&nbsp;&nbsp;</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-11\">Liability coverage is typically written with three numbers, such as $50,000/$100,000/$50,000. The first number reflects your bodily injury coverage, the second number is your bodily injury coverage per incident limit, and the third number is the property damage liability portion.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-13\">Property damage liability doesn’t cover repairs for your own vehicle or your medical expenses, so you’ll need additional coverage to protect yourself, such as collision and comprehensive insurance.&nbsp;&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-15\">How Much Property Damage Liability Insurance Is Required?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-16\">How much property damage liability insurance you’re required to have depends on what state you live in. Below are the minimum requirements for each state and Washington, D.C.:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ol id=\"mntl-sc-block_1-0-18\" class=\"has-black-color has-text-color has-medium-font-size\"><li>Alabama: $25,000</li><li>Alaska: $25,000</li><li>Arizona: $10,000</li><li>Arkansas: $25,000</li><li>California: $5,000</li><li>Colorado: $15,000</li><li>Connecticut: $20,000</li><li>Delaware: $10,000</li><li>District of Columbia: $10,000</li><li>Florida: $10,000</li><li>Georgia: $25,000</li><li>Hawaii: $10,000</li><li>Idaho: $15,000</li><li>Illinois: $20,000</li><li>Indiana: $25,000</li><li>Iowa: $15,000</li><li>Kansas: $25,000</li><li>Kentucky: $25,000</li><li>Louisiana: $25,000</li><li>Maine: $25,000</li><li>Maryland: $15,000</li><li>Massachusetts: $5,000</li><li>Michigan: $10,000</li><li>Minnesota: $10,000</li><li>Mississippi: $25,000</li><li>Missouri: $25,000</li><li>Montana: $20,000</li><li>Nebraska: $25,000</li><li>Nevada: $20,000</li><li>New Hampshire: $25,000</li><li>New Jersey: $5,000</li><li>New Mexico: $10,000</li><li>New York: $10,000</li><li>North Carolina: $25,000</li><li>North Dakota: $25,000</li><li>Ohio: $25,000</li><li>Oklahoma: $25,000</li><li>Oregon: $20,000</li><li>Pennsylvania: $5,000</li><li>Rhode Island: $25,000</li><li>South Carolina: $25,000</li><li>South Dakota: $25,000</li><li>Tennessee: $15,000</li><li>Texas: $25,000</li><li>Utah: $15,000</li><li>Vermont: $10,000</li><li>Virginia: $20,000</li><li>Washington: $10,000</li><li>West Virginia: $25,000</li><li>Wisconsin: $10,000</li><li>Wyoming: $20,000</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">How Much Does Property Damage Liability Coverage Cost?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-21\">Since property damage liability coverage is required by law in most states, you’ll need to purchase coverage from an insurance company.&nbsp;How much your car insurance policy will cost&nbsp;is dependent on your location, vehicle, driving record, age, gender, insurance options, and coverage amounts.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-23\">Most drivers find liability-only policies insufficient. To give themselves more protection, 78% of insured drivers add collision coverage, according to the Insurance Information Institute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">Buying Car Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-26\">All cars require insurance. At a very least, owners should buy a policy that meets state-minimum bodily injury and property damage liability insurance requirements. For the best rates, shop for quotes from multiple car insurance companies.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/what-is-property-damage-liability-insurance-5184803\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Property Damage Liability Insurance?','','publish','open','open','','what-is-property-damage-liability-insurance','','','2022-04-26 14:57:53','2022-04-26 14:57:53','',0,'http://smartinsurance.tips/?p=2248',0,'post','',0),(2249,1,'2022-04-02 22:09:05','2022-04-02 22:09:05','','PC-insurance-3','','inherit','open','closed','','pc-insurance-3','','','2022-04-02 22:09:05','2022-04-02 22:09:05','',2248,'http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-3.png',0,'attachment','image/png',0),(2250,1,'2022-04-02 22:16:46','2022-04-02 22:16:46','<!-- wp:image {\"id\":2249,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-3-1024x536.png\" alt=\"\" class=\"wp-image-2249\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0\">You’re driving home from work, and a deer dashes across the road. Swerving to avoid it, you hop the curb and smash&nbsp;through the neighbor’s&nbsp;fence. Who pays to fix it?&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-2\">If you’re insured, your insurance company covers the cost, minus your deductible. This is the role of property damage liability insurance—coverage for damage you cause to another person’s property. Liability coverage is the most basic form of car insurance, and all states—except New Hampshire—require it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Most states require car owners to buy property damage liability insurance.</li><li>This coverage pays for damage to someone else’s property, such as a fence, a lamppost, or another driver’s car.</li><li>It doesn’t cover damage to your own vehicle.</li><li>Minimum liability requirements vary by state.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">How Does Property Damage Liability Insurance Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-7\">Property damage liability insurance usually makes up just one part of your car insurance policy. Car insurance policies typically contain the following coverage types: </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-9\" class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Bodily Injury Liability: </strong>If you or a covered family member cause injuries to someone else, bodily injury liability coverage helps to pay their medical bills and lost wages. </li><li><strong>Medical Payments or Personal Injury Protection (PIP):</strong> If you’re in an accident and you or a passenger are injured, medical payments coverage or PIP will pay for your medical payments, lost wages, and even funeral costs. </li><li><strong>Collision: </strong>Collision insurance pays for repairs or replacement costs for the policyholder’s vehicle after an accident.  </li><li><strong>Comprehensive:</strong> Comprehensive coverage reimburses policyholders for losses from theft or weather damage. </li><li><strong>Uninsured/Underinsured Motorist Coverage: </strong>If you’re in an accident with a person who either doesn’t have insurance or doesn’t have enough insurance to cover your damages, uninsured/underinsured motorist coverage will pay for your car repairs and other expenses. </li><li><strong>Property Damage Liability: </strong>Property damage liability insurance covers repairs to another person’s car or property, such as a fence or building, when you are at fault in an accident. It also will pay for the removal of debris, such as a damaged tree or signs, that occurs after an accident.  </li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-11\">Liability coverage is typically written with three numbers, such as $50,000/$100,000/$50,000. The first number reflects your bodily injury coverage, the second number is your bodily injury coverage per incident limit, and the third number is the property damage liability portion.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-13\">Property damage liability doesn’t cover repairs for your own vehicle or your medical expenses, so you’ll need additional coverage to protect yourself, such as collision and comprehensive insurance.&nbsp;&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-15\">How Much Property Damage Liability Insurance Is Required?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-16\">How much property damage liability insurance you’re required to have depends on what state you live in. Below are the minimum requirements for each state and Washington, D.C.:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ol id=\"mntl-sc-block_1-0-18\" class=\"has-black-color has-text-color has-medium-font-size\"><li>Alabama: $25,000</li><li>Alaska: $25,000</li><li>Arizona: $10,000</li><li>Arkansas: $25,000</li><li>California: $5,000</li><li>Colorado: $15,000</li><li>Connecticut: $20,000</li><li>Delaware: $10,000</li><li>District of Columbia: $10,000</li><li>Florida: $10,000</li><li>Georgia: $25,000</li><li>Hawaii: $10,000</li><li>Idaho: $15,000</li><li>Illinois: $20,000</li><li>Indiana: $25,000</li><li>Iowa: $15,000</li><li>Kansas: $25,000</li><li>Kentucky: $25,000</li><li>Louisiana: $25,000</li><li>Maine: $25,000</li><li>Maryland: $15,000</li><li>Massachusetts: $5,000</li><li>Michigan: $10,000</li><li>Minnesota: $10,000</li><li>Mississippi: $25,000</li><li>Missouri: $25,000</li><li>Montana: $20,000</li><li>Nebraska: $25,000</li><li>Nevada: $20,000</li><li>New Hampshire: $25,000</li><li>New Jersey: $5,000</li><li>New Mexico: $10,000</li><li>New York: $10,000</li><li>North Carolina: $25,000</li><li>North Dakota: $25,000</li><li>Ohio: $25,000</li><li>Oklahoma: $25,000</li><li>Oregon: $20,000</li><li>Pennsylvania: $5,000</li><li>Rhode Island: $25,000</li><li>South Carolina: $25,000</li><li>South Dakota: $25,000</li><li>Tennessee: $15,000</li><li>Texas: $25,000</li><li>Utah: $15,000</li><li>Vermont: $10,000</li><li>Virginia: $20,000</li><li>Washington: $10,000</li><li>West Virginia: $25,000</li><li>Wisconsin: $10,000</li><li>Wyoming: $20,000</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">How Much Does Property Damage Liability Coverage Cost?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-21\">Since property damage liability coverage is required by law in most states, you’ll need to purchase coverage from an insurance company. How much your car insurance policy will cost is dependent on your location, vehicle, driving record, age, gender, insurance options, and coverage amounts. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-23\">Most drivers find liability-only policies insufficient. To give themselves more protection, 78% of insured drivers add collision coverage, according to the Insurance Information Institute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">Buying Car Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-26\">All cars require insurance. At a very least, owners should buy a policy that meets state-minimum bodily injury and property damage liability insurance requirements. For the best rates, shop for quotes from multiple car insurance companies. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/what-is-property-damage-liability-insurance-5184803\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Property Damage Liability Insurance?','','inherit','closed','closed','','2248-revision-v1','','','2022-04-02 22:16:46','2022-04-02 22:16:46','',2248,'http://smartinsurance.tips/?p=2250',0,'revision','',0),(2251,1,'2022-04-02 22:29:31','2022-04-02 22:29:31','<!-- wp:image {\"id\":2419,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-4-1024x536.png\" alt=\"\" class=\"wp-image-2419\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Buying life insurance sounds like a complicated decision, but most people can start shopping by making a simple comparison: term life vs. whole life insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance is simple and offers coverage for a specified time period. Whole life insurance is more complex and offers coverage until death.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Money expert Clark Howard&nbsp;likes term life for most everyone. In this article, I’ll explain how term life and whole life insurance are different, I’ll compare the costs and I’ll give you the information to help you decide what’s right for your financial situation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>What Is Term Life Insurance?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance provides coverage for a specific period — usually 10, 20 or 30 years. Your beneficiary will receive a “death benefit,” or payout, from your insurance policy if you die during that term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Sometimes called “pure” life insurance, term life insurance holds zero value unless you die. It’s&nbsp;<em>only</em>&nbsp;life insurance. It does not include any sort of investment component.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance premiums, which is what insurance companies call your monthly payments, are much cheaper than premiums for whole life insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">When you buy term life insurance, your biggest decisions are how long of a term to purchase and the amount the policy would pay out. Keep in mind that life insurance is designed to replace your expected income and protect your family if you die prematurely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There are a lot of questionnaires and calculators to help you decide. But the bottom line is that you want to pick a term and an amount that will make sure that your spouse, children or other dependents remain financially secure if you die.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>What Is Whole Life Insurance?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Whole life insurance offers you coverage for life. It’s permanent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Your beneficiary will receive a payout when, not if, you die. Keep in mind you must pay the fixed-price monthly premium as long as you live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Like term life insurance, you and your insurance company will need to agree on the amount your beneficiary will receive when you die.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The premiums are much more expensive than those for term life insurance. That’s because whole life insurance includes an investment component known as cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Explaining How Cash Value Works</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The details of each whole life insurance policy’s cash value differ. But generally speaking, they’re laced with fees and provide a low return on investment. Even worse, when you die, your family gets only the death benefit, and the insurance company keeps the cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A whole life insurance policy works a bit like a mortgage: During the first few years, a large portion of your payments during the early years goes toward interest. More of your monthly payments go toward the principal as you get closer to paying off your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">With a whole life insurance policy, a higher percentage of your premium goes toward cash value when you first buy it. When you’re older, a higher percentage goes toward the actual insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There are&nbsp;a few ways you can capture the cash value&nbsp;and prevent it from being a large, pointless payment to your insurance company. You can take out a loan against the cash value. You usually can use your cash value to pay for your premiums later in life. And you can surrender or cancel your policy and get back a percentage of your account’s cash value from your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The problem is, unless you’re a modern-day Nostradamus, it can be difficult to predict your own death. So the odds are on the insurance company’s side. Given a volume of whole life insurance policies, the insurance company will make a nice profit and a number of people will end up forfeiting all their cash value to the company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you do manage to tap into your cash value, you’ll often pay fees or not be able to collect the full amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Term Life vs. Whole Life Insurance: Comparing Features</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":174441} -->\n<figure class=\"wp-block-image\" id=\"attachment_174441\"><img src=\"https://i0.wp.com/clark.com/wp-content/uploads/2020/09/Term-vs.-Whole-Life-Insurance-1.png?resize=800%2C427&amp;ssl=1\" alt=\"Term vs. Whole Life Insurance: Here are the differences.\" class=\"wp-image-174441\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance is simple, while whole life insurance is complicated.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">But it’s easy to explain term life vs. whole life insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Term life insurance offers cheaper monthly premiums.</li><li>Whole life insurance will pay out no matter when you die, while term life insurance will pay out only if you die within the specified term.</li><li>Whole life insurance includes an investment element called cash value.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Term Life vs. Whole Life Insurance: Comparing Cost</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The chart below provides monthly price comparisons between term life and whole life insurance as of September 2020. I used 20- and 30-year term life policies because they are among the longest coverage periods and therefore the best comparison to whole life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For term life, I averaged the monthly rates&nbsp;provided by Policygenius&nbsp;and&nbsp;Haven Life Insurance Agency&nbsp;for males and females at 25, 35 and 45 years old who are in good health. (The other options were excellent health and average health.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For whole life, I used monthly rates&nbsp;provided by USAA&nbsp;for males and females of the same ages. I set the height and weight at 6’ and 180 pounds for the male and 5’8” and 150 pounds for the female. I selected no military background, no tobacco use in the last 12 months, no parent who died of cardiovascular disease before 60 and no history of medical conditions that required care from a doctor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure id=\"tablepress-226-no-4\" class=\"wp-block-table\"><table><thead><tr><th>Gender/Age</th><th>Policy Amount</th><th>20-Year Term Life</th><th>30-Year Term Life</th><th>Whole Life</th></tr></thead><tbody><tr><td><strong>Female/25</strong></td><td>$250,000</td><td>$14/month</td><td>$18/month</td><td>$127/month</td></tr><tr><td></td><td>$500,000</td><td>$20/month</td><td>$29/month</td><td>$245/month</td></tr><tr><td></td><td>$1 Million</td><td>$34/month</td><td>$51/month</td><td>$473/month</td></tr><tr><td><strong>Male/25</strong></td><td>$250,000</td><td>$16/month</td><td>$23/month</td><td>$142/month</td></tr><tr><td></td><td>$500,000</td><td>$25/month</td><td>$37/month</td><td>$273/month</td></tr><tr><td></td><td>$1 Million</td><td>$43/month</td><td>$68/month</td><td>$530/month</td></tr><tr><td><strong>Female/35</strong></td><td>$250,000</td><td>$15/month</td><td>$22/month</td><td>$167/month</td></tr><tr><td></td><td>$500,000</td><td>$24/month</td><td>$37/month</td><td>$322/month</td></tr><tr><td></td><td>$1 Million</td><td>$41/month</td><td>$67/month</td><td>$627/month</td></tr><tr><td><strong>Male/35</strong></td><td>$250,000</td><td>$17/month</td><td>$26/month</td><td>$185/month</td></tr><tr><td></td><td>$500,000</td><td>$28/month</td><td>$43/month</td><td>$359/month</td></tr><tr><td></td><td>$1 Million</td><td>$48/month</td><td>$79/month</td><td>$697/month</td></tr><tr><td><strong>Female/45</strong></td><td>$250,000</td><td>$27/month</td><td>$42/month</td><td>$232/month</td></tr><tr><td></td><td>$500,000</td><td>$45/month</td><td>$75/month</td><td>$450/month</td></tr><tr><td></td><td>$1 Million</td><td>$83/month</td><td>$142/month</td><td>$878/month</td></tr><tr><td><strong>Male/45</strong></td><td>$250,000</td><td>$33/month</td><td>$54/month</td><td>$261/month</td></tr><tr><td></td><td>$500,000</td><td>$57/month</td><td>$99/month</td><td>$507/month</td></tr><tr><td></td><td>$1 Million</td><td>$107/month</td><td>$191/month</td><td>$989/month</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>A Practical Example</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Take a look at the third example in the table above. A 35-year-old female with a $1 million policy ends up paying $492 annually for a 20-year term life policy or $7,524 annually for a whole life policy. That’s a difference of $140,640 in 20 years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If she invested that money and got a 10% annual return (the approximate average for the S&amp;P 500 since it formed in 1926), she’d end up with $402,757.80. Remember, her beneficiary would still get the $1 million death benefit if she were to die during the 20-year term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">With whole life insurance, her insurance company would take a chunk of her premium for commissions and fees. The remaining portion would grow but at a rate that’s historically much lower than the average of the S&amp;P 500.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">And if she died before finding a way to leverage that money, her beneficiary would get a $1 million payout, but the insurance company would keep every penny of her cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Term Life vs. Whole Life Insurance: Which Is the Best Choice?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance makes more sense for almost everyone, according to Clark.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you’re wealthy, there may be some tax implications that make a whole life insurance policy attractive. The IRS does not tax the cash value of a whole life policy as it accumulates; it’s tax-deferred. You can also borrow money, tax-free, from your cash value up to the amount you’ve paid into the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You could also see the policy as a way to stash away cash for something you might need later in life such as long-term healthcare policy that could pay for nursing home or home healthcare.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For everyone else, the monthly premiums can be prohibitively expensive. Some people even end up abandoning their whole life insurance policies even though they’ve paid thousands in premiums over the years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">One also has to consider that, for most people, investing on your own will provide a better return than using whole life insurance as an investment vehicle. According to Clark, a Roth IRA is a much more efficient way to save money for the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>A Simple Guide to Making Your Decision</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Here are the things you should consider to make your choice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Choose term life if:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>You don’t want to worry about affording whole life insurance premiums.</li><li>You want to make sure your loved ones have a way to replace your income if you die within the next 10 to 30 years.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Choose whole life if:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>You’re a high-income earner (Clark says $400,000 or more annually) who wants to tap into your cash value as a tax-free loan.</li><li>You’re a wealthy individual in your 50s or 60s, and you’re buying it for investment or tax purposes.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">But again, Clark recommends term life policies in all most all circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">“There’s no more efficient way that exists to replace income than with a level term insurance policy. They’re cheap, they’re simple and the amount of coverage you can buy for a very small monthly amount is fantastic,” Clark said. “They’re never going to be able to buy the level of replacement of income with a whole life policy that they can afford to buy with the term.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Other Types of Life Insurance Policies</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You may have heard of other types of life insurance. They’re essentially variations of whole life insurance. All three listed below include built-in cash value just like whole life insurance. Term life insurance is better for almost everyone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Universal life insurance:</strong>&nbsp;A form of permanent life insurance that combines an investment element with lower premiums. The cash value earns interest based on the current market or minimum interest rate, whichever is greater.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Variable life insurance:</strong>&nbsp;A form of permanent life insurance that ties its cash value to sub-accounts that are similar to mutual funds. It’s a more volatile type of insurance because the rate of return on the investment portion of the policy is less predictable. The performance of its underlying securities determines the cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Final Thoughts</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Clark says it almost always makes more sense to choose term life insurance instead of whole life insurance. And as you saw in the table above, you can get better returns investing on your own rather than through your insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you make good financial choices, you may not need any type of life insurance policy by the time you hit retirement age and you are more financially independent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://clark.com/insurance/life-insurance/term-life-vs-whole-life-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Term Life vs. Whole Life Insurance: Understanding the Difference','','publish','open','open','','term-life-vs-whole-life-insurance-understanding-the-difference','','','2022-04-26 14:58:54','2022-04-26 14:58:54','',0,'http://smartinsurance.tips/?p=2251',0,'post','',0),(2252,1,'2022-04-02 22:18:43','2022-04-02 22:18:43','','PC-insurance-4','','inherit','open','closed','','pc-insurance-4','','','2022-04-02 22:18:43','2022-04-02 22:18:43','',2251,'http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-4.png',0,'attachment','image/png',0),(2276,1,'2022-04-05 20:33:41','2022-04-05 20:33:41','<!-- wp:image {\"id\":2252,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-4-1024x536.png\" alt=\"\" class=\"wp-image-2252\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Buying life insurance sounds like a complicated decision, but most people can start shopping by making a simple comparison: term life vs. whole life insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance is simple and offers coverage for a specified time period. Whole life insurance is more complex and offers coverage until death.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Money expert Clark Howard&nbsp;likes term life for most everyone. In this article, I’ll explain how term life and whole life insurance are different, I’ll compare the costs and I’ll give you the information to help you decide what’s right for your financial situation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>What Is Term Life Insurance?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance provides coverage for a specific period — usually 10, 20 or 30 years. Your beneficiary will receive a “death benefit,” or payout, from your insurance policy if you die during that term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Sometimes called “pure” life insurance, term life insurance holds zero value unless you die. It’s&nbsp;<em>only</em>&nbsp;life insurance. It does not include any sort of investment component.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance premiums, which is what insurance companies call your monthly payments, are much cheaper than premiums for whole life insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">When you buy term life insurance, your biggest decisions are how long of a term to purchase and the amount the policy would pay out. Keep in mind that life insurance is designed to replace your expected income and protect your family if you die prematurely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There are a lot of questionnaires and calculators to help you decide. But the bottom line is that you want to pick a term and an amount that will make sure that your spouse, children or other dependents remain financially secure if you die.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>What Is Whole Life Insurance?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Whole life insurance offers you coverage for life. It’s permanent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Your beneficiary will receive a payout when, not if, you die. Keep in mind you must pay the fixed-price monthly premium as long as you live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Like term life insurance, you and your insurance company will need to agree on the amount your beneficiary will receive when you die.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The premiums are much more expensive than those for term life insurance. That’s because whole life insurance includes an investment component known as cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Explaining How Cash Value Works</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The details of each whole life insurance policy’s cash value differ. But generally speaking, they’re laced with fees and provide a low return on investment. Even worse, when you die, your family gets only the death benefit, and the insurance company keeps the cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A whole life insurance policy works a bit like a mortgage: During the first few years, a large portion of your payments during the early years goes toward interest. More of your monthly payments go toward the principal as you get closer to paying off your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">With a whole life insurance policy, a higher percentage of your premium goes toward cash value when you first buy it. When you’re older, a higher percentage goes toward the actual insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There are&nbsp;a few ways you can capture the cash value&nbsp;and prevent it from being a large, pointless payment to your insurance company. You can take out a loan against the cash value. You usually can use your cash value to pay for your premiums later in life. And you can surrender or cancel your policy and get back a percentage of your account’s cash value from your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The problem is, unless you’re a modern-day Nostradamus, it can be difficult to predict your own death. So the odds are on the insurance company’s side. Given a volume of whole life insurance policies, the insurance company will make a nice profit and a number of people will end up forfeiting all their cash value to the company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you do manage to tap into your cash value, you’ll often pay fees or not be able to collect the full amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Term Life vs. Whole Life Insurance: Comparing Features</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":174441} -->\n<figure class=\"wp-block-image\" id=\"attachment_174441\"><img src=\"https://i0.wp.com/clark.com/wp-content/uploads/2020/09/Term-vs.-Whole-Life-Insurance-1.png?resize=800%2C427&amp;ssl=1\" alt=\"Term vs. Whole Life Insurance: Here are the differences.\" class=\"wp-image-174441\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance is simple, while whole life insurance is complicated.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">But it’s easy to explain term life vs. whole life insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Term life insurance offers cheaper monthly premiums.</li><li>Whole life insurance will pay out no matter when you die, while term life insurance will pay out only if you die within the specified term.</li><li>Whole life insurance includes an investment element called cash value.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Term Life vs. Whole Life Insurance: Comparing Cost</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The chart below provides monthly price comparisons between term life and whole life insurance as of September 2020. I used 20- and 30-year term life policies because they are among the longest coverage periods and therefore the best comparison to whole life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For term life, I averaged the monthly rates&nbsp;provided by Policygenius&nbsp;and&nbsp;Haven Life Insurance Agency&nbsp;for males and females at 25, 35 and 45 years old who are in good health. (The other options were excellent health and average health.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For whole life, I used monthly rates provided by USAA for males and females of the same ages. I set the height and weight at 6’ and 180 pounds for the male and 5’8” and 150 pounds for the female. I selected no military background, no tobacco use in the last 12 months, no parent who died of cardiovascular disease before 60 and no history of medical conditions that required care from a doctor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure id=\"tablepress-226-no-4\" class=\"wp-block-table\"><table><thead><tr><th>Gender/Age</th><th>Policy Amount</th><th>20-Year Term Life</th><th>30-Year Term Life</th><th>Whole Life</th></tr></thead><tbody><tr><td><strong>Female/25</strong></td><td>$250,000</td><td>$14/month</td><td>$18/month</td><td>$127/month</td></tr><tr><td></td><td>$500,000</td><td>$20/month</td><td>$29/month</td><td>$245/month</td></tr><tr><td></td><td>$1 Million</td><td>$34/month</td><td>$51/month</td><td>$473/month</td></tr><tr><td><strong>Male/25</strong></td><td>$250,000</td><td>$16/month</td><td>$23/month</td><td>$142/month</td></tr><tr><td></td><td>$500,000</td><td>$25/month</td><td>$37/month</td><td>$273/month</td></tr><tr><td></td><td>$1 Million</td><td>$43/month</td><td>$68/month</td><td>$530/month</td></tr><tr><td><strong>Female/35</strong></td><td>$250,000</td><td>$15/month</td><td>$22/month</td><td>$167/month</td></tr><tr><td></td><td>$500,000</td><td>$24/month</td><td>$37/month</td><td>$322/month</td></tr><tr><td></td><td>$1 Million</td><td>$41/month</td><td>$67/month</td><td>$627/month</td></tr><tr><td><strong>Male/35</strong></td><td>$250,000</td><td>$17/month</td><td>$26/month</td><td>$185/month</td></tr><tr><td></td><td>$500,000</td><td>$28/month</td><td>$43/month</td><td>$359/month</td></tr><tr><td></td><td>$1 Million</td><td>$48/month</td><td>$79/month</td><td>$697/month</td></tr><tr><td><strong>Female/45</strong></td><td>$250,000</td><td>$27/month</td><td>$42/month</td><td>$232/month</td></tr><tr><td></td><td>$500,000</td><td>$45/month</td><td>$75/month</td><td>$450/month</td></tr><tr><td></td><td>$1 Million</td><td>$83/month</td><td>$142/month</td><td>$878/month</td></tr><tr><td><strong>Male/45</strong></td><td>$250,000</td><td>$33/month</td><td>$54/month</td><td>$261/month</td></tr><tr><td></td><td>$500,000</td><td>$57/month</td><td>$99/month</td><td>$507/month</td></tr><tr><td></td><td>$1 Million</td><td>$107/month</td><td>$191/month</td><td>$989/month</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>A Practical Example</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Take a look at the third example in the table above. A 35-year-old female with a $1 million policy ends up paying $492 annually for a 20-year term life policy or $7,524 annually for a whole life policy. That’s a difference of $140,640 in 20 years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If she invested that money and got a 10% annual return (the approximate average for the S&amp;P 500 since it formed in 1926), she’d end up with $402,757.80. Remember, her beneficiary would still get the $1 million death benefit if she were to die during the 20-year term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">With whole life insurance, her insurance company would take a chunk of her premium for commissions and fees. The remaining portion would grow but at a rate that’s historically much lower than the average of the S&amp;P 500.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">And if she died before finding a way to leverage that money, her beneficiary would get a $1 million payout, but the insurance company would keep every penny of her cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Term Life vs. Whole Life Insurance: Which Is the Best Choice?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance makes more sense for almost everyone, according to Clark.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you’re wealthy, there may be some tax implications that make a whole life insurance policy attractive. The IRS does not tax the cash value of a whole life policy as it accumulates; it’s tax-deferred. You can also borrow money, tax-free, from your cash value up to the amount you’ve paid into the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You could also see the policy as a way to stash away cash for something you might need later in life such as long-term healthcare policy that could pay for nursing home or home healthcare.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For everyone else, the monthly premiums can be prohibitively expensive. Some people even end up abandoning their whole life insurance policies even though they’ve paid thousands in premiums over the years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">One also has to consider that, for most people, investing on your own will provide a better return than using whole life insurance as an investment vehicle. According to Clark, a Roth IRA is a much more efficient way to save money for the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>A Simple Guide to Making Your Decision</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Here are the things you should consider to make your choice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Choose term life if:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>You don’t want to worry about affording whole life insurance premiums.</li><li>You want to make sure your loved ones have a way to replace your income if you die within the next 10 to 30 years.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Choose whole life if:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>You’re a high-income earner (Clark says $400,000 or more annually) who wants to tap into your cash value as a tax-free loan.</li><li>You’re a wealthy individual in your 50s or 60s, and you’re buying it for investment or tax purposes.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">But again, Clark recommends term life policies in all most all circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">“There’s no more efficient way that exists to replace income than with a level term insurance policy. They’re cheap, they’re simple and the amount of coverage you can buy for a very small monthly amount is fantastic,” Clark said. “They’re never going to be able to buy the level of replacement of income with a whole life policy that they can afford to buy with the term.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Other Types of Life Insurance Policies</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You may have heard of other types of life insurance. They’re essentially variations of whole life insurance. All three listed below include built-in cash value just like whole life insurance. Term life insurance is better for almost everyone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Universal life insurance:</strong>&nbsp;A form of permanent life insurance that combines an investment element with lower premiums. The cash value earns interest based on the current market or minimum interest rate, whichever is greater.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Variable life insurance:</strong>&nbsp;A form of permanent life insurance that ties its cash value to sub-accounts that are similar to mutual funds. It’s a more volatile type of insurance because the rate of return on the investment portion of the policy is less predictable. The performance of its underlying securities determines the cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Final Thoughts</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Clark says it almost always makes more sense to choose term life insurance instead of whole life insurance. And as you saw in the table above, you can get better returns investing on your own rather than through your insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you make good financial choices, you may not need any type of life insurance policy by the time you hit retirement age and you are more financially independent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://clark.com/insurance/life-insurance/term-life-vs-whole-life-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Term Life vs. Whole Life Insurance: Understanding the Difference','','inherit','closed','closed','','2251-revision-v1','','','2022-04-05 20:33:41','2022-04-05 20:33:41','',2251,'http://smartinsurance.tips/?p=2276',0,'revision','',0),(2253,1,'2022-04-02 22:29:31','2022-04-02 22:29:31','<!-- wp:image {\"id\":2252,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-4-1024x536.png\" alt=\"\" class=\"wp-image-2252\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Buying life insurance sounds like a complicated decision, but most people can start shopping by making a simple comparison: term life vs. whole life insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance is simple and offers coverage for a specified time period. Whole life insurance is more complex and offers coverage until death.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Money expert Clark Howard likes term life for most everyone. In this article, I’ll explain how term life and whole life insurance are different, I’ll compare the costs and I’ll give you the information to help you decide what’s right for your financial situation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Table of Contents</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>What Is Term Life Insurance?</strong></li><li><strong>What Is Whole Life Insurance?</strong></li><li><strong>Term Life vs. Whole Life Insurance: Comparing Features</strong></li><li><strong>Term Life vs. Whole Life Insurance: Comparing Cost</strong></li><li><strong>Term Life vs. Whole Life Insurance: Which Is the Best Choice?</strong></li><li><strong>Other Types of Life Insurance Policies</strong></li></ul>\n<!-- /wp:list -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>What Is Term Life Insurance?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance provides coverage for a specific period — usually 10, 20 or 30 years. Your beneficiary will receive a “death benefit,” or payout, from your insurance policy if you die during that term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Sometimes called “pure” life insurance, term life insurance holds zero value unless you die. It’s&nbsp;<em>only</em>&nbsp;life insurance. It does not include any sort of investment component.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance premiums, which is what insurance companies call your monthly payments, are much cheaper than premiums for whole life insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">When you buy term life insurance, your biggest decisions are how long of a term to purchase and the amount the policy would pay out. Keep in mind that life insurance is designed to replace your expected income and protect your family if you die prematurely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There are a lot of questionnaires and calculators to help you decide. But the bottom line is that you want to pick a term and an amount that will make sure that your spouse, children or other dependents remain financially secure if you die.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>What Is Whole Life Insurance?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Whole life insurance offers you coverage for life. It’s permanent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Your beneficiary will receive a payout when, not if, you die. Keep in mind you must pay the fixed-price monthly premium as long as you live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Like term life insurance, you and your insurance company will need to agree on the amount your beneficiary will receive when you die.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The premiums are much more expensive than those for term life insurance. That’s because whole life insurance includes an investment component known as cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Explaining How Cash Value Works</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The details of each whole life insurance policy’s cash value differ. But generally speaking, they’re laced with fees and provide a low return on investment. Even worse, when you die, your family gets only the death benefit, and the insurance company keeps the cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A whole life insurance policy works a bit like a mortgage: During the first few years, a large portion of your payments during the early years goes toward interest. More of your monthly payments go toward the principal as you get closer to paying off your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">With a whole life insurance policy, a higher percentage of your premium goes toward cash value when you first buy it. When you’re older, a higher percentage goes toward the actual insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There are a few ways you can capture the cash value and prevent it from being a large, pointless payment to your insurance company. You can take out a loan against the cash value. You usually can use your cash value to pay for your premiums later in life. And you can surrender or cancel your policy and get back a percentage of your account’s cash value from your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The problem is, unless you’re a modern-day Nostradamus, it can be difficult to predict your own death. So the odds are on the insurance company’s side. Given a volume of whole life insurance policies, the insurance company will make a nice profit and a number of people will end up forfeiting all their cash value to the company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you do manage to tap into your cash value, you’ll often pay fees or not be able to collect the full amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Term Life vs. Whole Life Insurance: Comparing Features</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":174441} -->\n<figure class=\"wp-block-image\" id=\"attachment_174441\"><img src=\"https://i0.wp.com/clark.com/wp-content/uploads/2020/09/Term-vs.-Whole-Life-Insurance-1.png?resize=800%2C427&amp;ssl=1\" alt=\"Term vs. Whole Life Insurance: Here are the differences.\" class=\"wp-image-174441\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance is simple, while whole life insurance is complicated.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">But it’s easy to explain term life vs. whole life insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Term life insurance offers cheaper monthly premiums.</li><li>Whole life insurance will pay out no matter when you die, while term life insurance will pay out only if you die within the specified term.</li><li>Whole life insurance includes an investment element called cash value.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Term Life vs. Whole Life Insurance: Comparing Cost</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The chart below provides monthly price comparisons between term life and whole life insurance as of September 2020. I used 20- and 30-year term life policies because they are among the longest coverage periods and therefore the best comparison to whole life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For term life, I averaged the monthly rates provided by Policygenius and Haven Life Insurance Agency for males and females at 25, 35 and 45 years old who are in good health. (The other options were excellent health and average health.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For whole life, I used monthly rates provided by USAA for males and females of the same ages. I set the height and weight at 6’ and 180 pounds for the male and 5’8” and 150 pounds for the female. I selected no military background, no tobacco use in the last 12 months, no parent who died of cardiovascular disease before 60 and no history of medical conditions that required care from a doctor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You can click the links in the paragraphs above to get quick estimates for your own term life and whole life insurance cost. Keep in mind that prices will vary depending on a number of factors, including the company you choose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure id=\"tablepress-226-no-4\" class=\"wp-block-table\"><table><thead><tr><th>Gender/Age</th><th>Policy Amount</th><th>20-Year Term Life</th><th>30-Year Term Life</th><th>Whole Life</th></tr></thead><tbody><tr><td><strong>Female/25</strong></td><td>$250,000</td><td>$14/month</td><td>$18/month</td><td>$127/month</td></tr><tr><td></td><td>$500,000</td><td>$20/month</td><td>$29/month</td><td>$245/month</td></tr><tr><td></td><td>$1 Million</td><td>$34/month</td><td>$51/month</td><td>$473/month</td></tr><tr><td><strong>Male/25</strong></td><td>$250,000</td><td>$16/month</td><td>$23/month</td><td>$142/month</td></tr><tr><td></td><td>$500,000</td><td>$25/month</td><td>$37/month</td><td>$273/month</td></tr><tr><td></td><td>$1 Million</td><td>$43/month</td><td>$68/month</td><td>$530/month</td></tr><tr><td><strong>Female/35</strong></td><td>$250,000</td><td>$15/month</td><td>$22/month</td><td>$167/month</td></tr><tr><td></td><td>$500,000</td><td>$24/month</td><td>$37/month</td><td>$322/month</td></tr><tr><td></td><td>$1 Million</td><td>$41/month</td><td>$67/month</td><td>$627/month</td></tr><tr><td><strong>Male/35</strong></td><td>$250,000</td><td>$17/month</td><td>$26/month</td><td>$185/month</td></tr><tr><td></td><td>$500,000</td><td>$28/month</td><td>$43/month</td><td>$359/month</td></tr><tr><td></td><td>$1 Million</td><td>$48/month</td><td>$79/month</td><td>$697/month</td></tr><tr><td><strong>Female/45</strong></td><td>$250,000</td><td>$27/month</td><td>$42/month</td><td>$232/month</td></tr><tr><td></td><td>$500,000</td><td>$45/month</td><td>$75/month</td><td>$450/month</td></tr><tr><td></td><td>$1 Million</td><td>$83/month</td><td>$142/month</td><td>$878/month</td></tr><tr><td><strong>Male/45</strong></td><td>$250,000</td><td>$33/month</td><td>$54/month</td><td>$261/month</td></tr><tr><td></td><td>$500,000</td><td>$57/month</td><td>$99/month</td><td>$507/month</td></tr><tr><td></td><td>$1 Million</td><td>$107/month</td><td>$191/month</td><td>$989/month</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>A Practical Example</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Take a look at the third example in the table above. A 35-year-old female with a $1 million policy ends up paying $492 annually for a 20-year term life policy or $7,524 annually for a whole life policy. That’s a difference of $140,640 in 20 years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If she invested that money and got a 10% annual return (the approximate average for the S&amp;P 500 since it formed in 1926), she’d end up with $402,757.80. Remember, her beneficiary would still get the $1 million death benefit if she were to die during the 20-year term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">With whole life insurance, her insurance company would take a chunk of her premium for commissions and fees. The remaining portion would grow but at a rate that’s historically much lower than the average of the S&amp;P 500.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">And if she died before finding a way to leverage that money, her beneficiary would get a $1 million payout, but the insurance company would keep every penny of her cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Term Life vs. Whole Life Insurance: Which Is the Best Choice?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Term life insurance makes more sense for almost everyone, according to Clark.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you’re wealthy, there may be some tax implications that make a whole life insurance policy attractive. The IRS does not tax the cash value of a whole life policy as it accumulates; it’s tax-deferred. You can also borrow money, tax-free, from your cash value up to the amount you’ve paid into the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You could also see the policy as a way to stash away cash for something you might need later in life such as long-term healthcare policy that could pay for nursing home or home healthcare.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For everyone else, the monthly premiums can be prohibitively expensive. Some people even end up abandoning their whole life insurance policies even though they’ve paid thousands in premiums over the years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">One also has to consider that, for most people, investing on your own will provide a better return than using whole life insurance as an investment vehicle. According to Clark, a Roth IRA is a much more efficient way to save money for the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>A Simple Guide to Making Your Decision</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Here are the things you should consider to make your choice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Choose term life if:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>You don’t want to worry about affording whole life insurance premiums.</li><li>You want to make sure your loved ones have a way to replace your income if you die within the next 10 to 30 years.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Choose whole life if:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>You’re a high-income earner (Clark says $400,000 or more annually) who wants to tap into your cash value as a tax-free loan.</li><li>You’re a wealthy individual in your 50s or 60s, and you’re buying it for investment or tax purposes.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">But again, Clark recommends term life policies in all most all circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">“There’s no more efficient way that exists to replace income than with a level term insurance policy. They’re cheap, they’re simple and the amount of coverage you can buy for a very small monthly amount is fantastic,” Clark said. “They’re never going to be able to buy the level of replacement of income with a whole life policy that they can afford to buy with the term.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Other Types of Life Insurance Policies</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You may have heard of other types of life insurance. They’re essentially variations of whole life insurance. All three listed below include built-in cash value just like whole life insurance. Term life insurance is better for almost everyone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Universal life insurance:</strong>&nbsp;A form of permanent life insurance that combines an investment element with lower premiums. The cash value earns interest based on the current market or minimum interest rate, whichever is greater.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Variable life insurance:</strong> A form of permanent life insurance that ties its cash value to sub-accounts that are similar to mutual funds. It’s a more volatile type of insurance because the rate of return on the investment portion of the policy is less predictable. The performance of its underlying securities determines the cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Final Thoughts</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Clark says it almost always makes more sense to choose term life insurance instead of whole life insurance. And as you saw in the table above, you can get better returns investing on your own rather than through your insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you make good financial choices, you may not need any type of life insurance policy by the time you hit retirement age and you are more financially independent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://clark.com/insurance/life-insurance/term-life-vs-whole-life-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Term Life vs. Whole Life Insurance: Understanding the Difference','','inherit','closed','closed','','2251-revision-v1','','','2022-04-02 22:29:31','2022-04-02 22:29:31','',2251,'http://smartinsurance.tips/?p=2253',0,'revision','',0),(2254,1,'2022-04-02 22:42:18','2022-04-02 22:42:18','<!-- wp:image {\"id\":2421,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-5-1024x536.png\" alt=\"\" class=\"wp-image-2421\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">As a homeowner, it’s your job to care for and protect your property, but&nbsp;home insurance&nbsp;companies&nbsp;offer policies that can help you with the protection part. Tree damage may not be the first thing that comes to mind when choosing coverage levels for your homeowner’s insurance, but if a tree falls on your home, it can damage your house and your possessions and cause financial devastation. The endless ‘what if’ scenarios can feel overwhelming, but as far as tree damage is concerned, it’s best to pick coverage rooted in caution and practicality.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Much like the Lorax speaks for the trees, we’ve outlined preventative measures you can take to care for or remove trees and protect your property from tree damage. We’ve also outlined scenarios where your home insurance might or might not cover damage caused by trees. Understanding the nuances of a standard homeowners insurance policy could help ensure you know what is covered if a tree wreaks havoc on your property and what damage you might be responsible for out of pocket.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Key statistics</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>2% of homeowner’s insurance losses were caused by property damage in 2019. Over a third of that property damage was due to natural causes, specifically wind and hail.</li><li>Insurance companies paid an average of $4,110 for settled tree claims. Seven percent of these claims were as a result of a fallen tree.&nbsp;</li><li>If a tree located on your neighbor’s property damages your house or property, your insurance company may try to collect from their insurance company. If successful, you could be reimbursed for your deductible.&nbsp;</li><li>If you have particularly valuable trees on your property, you should consider how much it would cost to replace them when determining&nbsp;how much homeowners insurance you need.&nbsp;</li><li>Standard homeowners insurance&nbsp;typically covers damages to trees and shrubs due to disasters or accidents like fire, lightning, vandalism and theft, but this coverage is typically limited to five percent of the amount of insurance on the structure of your home, and insurers will also usually cap coverage for any one tree, shrub or plant.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"tree-damage\">Does homeowners insurance cover tree damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Whether or not a homeowners insurance policy covers tree damage depends on the situation. In order for the damage to be covered, the cause of the tree falling must be due to a covered&nbsp;peril. Many homeowners know they can usually file a claim if a tree damages a covered structure, but you may not know that many home insurance policies also cover at least some portion of damage to the actual trees, shrubs or plants, as long as the damage was caused by a covered peril.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">So if a tree falls in your yard but does not damage your home or any other structure on your property, some portion of it may be covered by your home insurance policy. According to the Triple-I, this type of coverage will generally be capped at a certain percentage of your dwelling coverage limits. It’s important to note that most home insurance companies will not pay for tree or shrub removal, except in some cases where it is blocking a driveway or handicap access.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Every policy is different, however, so you should consider speaking with your insurance agent about what is and is not covered in your policy —&nbsp;<strong><em>before</em></strong>&nbsp;tree damage occurs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Tree damage causes typically covered by home insurance:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Storms</li><li>Hail</li><li>Ice</li><li>A fire caused by lightning (and other apocalyptic events)</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Tree damage causes typically not covered by home insurance:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Rot</li><li>Age</li><li>Flood</li><li>Earthquake</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"tree-removal\">Does homeowners insurance cover tree removal?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Homeowners insurance typically covers the removal of trees if they have fallen due to a covered peril and onto a covered structure, like your house, or if the tree is blocking an access point. Some situations where tree removal may be covered are:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>If a tree falls on an insured structure, such as your home itself or a garage</li><li>If a fallen tree is blocking a driveway</li><li>If a fallen tree is blocking a handicap-accessible ramp</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Situations where tree removal is not covered under your insurance policy should be carefully considered. If your home hasn’t been damaged by a fallen tree, but you want to preemptively remove trees on your property, it is unlikely to be covered — and could even have negative consequences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For example, if the person responsible for removing the tree is injured during the process, you may risk legal repercussions as the property owner. Bodily injury liability is one of the more infrequent causes for insurance claims, but can be one of the most costly. From 2015-2019, according to the Triple-I, bodily injury and property damage was the second severest homeowner’s insurance claim, costing an average of&nbsp;$29,752.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Insurance companies consider your justification for tree removal to determine if it will be covered. They will likely not cover the removal if you’re worried about your yard aesthetic and find the tree unsightly. If an insured structure was hit, insurance providers may reimburse you for tree removal up to a specified dollar amount,&nbsp;usually ranging from $500-$1,000. If a covered structure was not hit, your insurance company is unlikely to pay for its removal, except, possibly, in the circumstances mentioned above. It’s important to check your policy and ask your agent to determine your exact coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"property-damage\">What to do when someone else’s tree damages your property?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A standard homeowners insurance policy should cover a tree that falls on your house, regardless of who owns the tree.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In some cases, the insurance company may try to collect the money needed to cover the damage from the neighbor’s insurance company in a process called subrogation, which may also cover the deductible for the homeowner whose property was damaged.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">However, if your neighbor’s tree has not fallen on your house, but it’s encroaching on your property, do you have the right to cut it?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Usually, it depends on whose yard has the tree trunk. If your neighbor’s tree branches and leaves cover portions of your yard, but the tree trunk is in his yard,&nbsp;it belongs to your neighbor.&nbsp;In that case, your local laws or HOA governance will likely determine whether overgrown trees that encroach on your property must be maintained by their owner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tree removal in these cases can lead to disputes between you and your neighbors who have differing opinions on the matter. Your HOA may get involved, or worse — your neighborhood Facebook page could become the battleground for the tree removal debate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Another risky ‘what if’ is if your tree is damaging your neighbor’s property. It could cost you and your insurance provider to compensate for the damages, not to mention your reputation in the neighborhood. That’s why regular care and maintenance of your trees is typically a good idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"insurance\">How much to expect from the insurance company?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The payout from your insurance company after tree damage depends on several factors, including what type of property was damaged. If a covered peril causes damage to your house, you may be eligible to receive up to the limit of your policy’s&nbsp;dwelling coverage, depending on how much damage was done.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You can usually also file a claim for your personal belongings, if they were damaged, up to certain limits. Different categories of possessions have individual limits and high-value items may not be covered at all, unless you have added them with&nbsp;scheduled personal property insurance. You can choose to increase these limits, but it will likely cause&nbsp;your homeowners insurance premium&nbsp;to go up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">How much you are reimbursed for your belongings and dwelling coverage also depends on whether you have&nbsp;actual cash value (ACV)&nbsp;or&nbsp;replacement cost value (RCV)&nbsp;on your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If the tree itself that caused damage to your home was valuable, you might also be able to file a claim to replace it. As mentioned earlier, not all policies will cover the actual tree, and the ones that do will likely have certain coverage caps in place, so you will need to look at your policy or speak with an agent to see how much is covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Once a claims adjuster creates an estimate for each claim category, the insurance company subtracts your policy deductible from the amount you receive. Many homeowners insurance policies also cover some living expenses, such as hotels, up to certain limits if your home is uninhabitable while the damage is repaired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"prevent\">How to prevent tree damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It is your responsibility as a homeowner to maintain your trees properly. Damage caused by dead or rotting trees is not likely to be covered by homeowners insurance, and if a tree owned by you causes damage to someone else’s property or person, you might get sued. Here are a few things you can do to prevent trees from causing damage to structures and property:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Trim any trees on your property regularly, especially those with long branches.</li><li>Check for signs your trees are dead or dying (not on&nbsp;Healthline) by observing a year-round lack of leaves or hollow trunks.</li><li>Look for mushrooms, cracks or holes at the base of tree trunks to rule out rotting.</li><li>Consider removing trees that are leaning off-center that have a higher potential to fall.</li><li>Pay extra attention to trees that hang over your roof, driveway or power lines.</li><li>Consider having a tree expert examine the trees on your property periodically to look for signs or disease or rot, or to recommend preventative maintenance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"faqs\">Frequently asked questions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Does homeowners insurance cover diseased tree removal?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Diseased tree removal is generally considered routine maintenance and is not typically covered by a standard homeowners insurance policy. It is your responsibility to track the health of your trees and treat them when needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">If a falling tree damages my roof, will that be covered by homeowners insurance?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A roof can be expensive to replace, but most standard policies will cover&nbsp;tree damage to a roof&nbsp;if the following perils caused it:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Fire or lightning</li><li>Windstorms and hail</li><li>Explosions</li><li>Riots, vandalism or theft</li><li>Damaged caused by aircraft or vehicles</li><li>Smoke</li><li>Volcanic eruptions</li><li>Falling objects</li><li>The weight of snow, ice or sleet</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In most cases, roof damage from a tree felled by floods or earthquakes is not covered. It is a good idea to purchase a separate policy to cover these perils if you live in an area prone to either. Note that insurance companies will typically only cover your roof if it is in good repair. If you are unsure of the specific coverages included in your policy, turn to your agent or insurance company for clarification.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Do trees add value to my home?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Arbor Day Foundation&nbsp;finds that planting trees in residential areas can increase property values anywhere from three to 15 percent. Trees can really spruce up a neighborhood and appeal to potential buyers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Removing dying or rotting trees can also&nbsp;increase the value of your home&nbsp;by eliminating that risk for future residents, according to Realtor.com. Remember that the cost of removing trees, even if diseased or rotting, is considered routine care and maintenance and is usually not covered by insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">What types of trees are the safest?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It’s typically a good best practice to select trees that don’t forget their roots — literally. If you’re considering planting a tree or evaluating the type of tree on a property you’re looking to buy, look for healthy, strong roots. Bonus points if the tree is relatively low-maintenance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Some of the best trees for this can include oaks, maples, hickories and elm trees, according to Realtor.com. You might want to consult with a landscape expert to determine what trees are the best for your climate and property type.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">What types of trees can’t be trusted?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Simply put, trees that ain’t from ‘round these parts are better avoided. Experts advise picking trees best-suited for your environment and considering their native location. For example, non-native tree types like black locusts and box elders, native to the Southeast and Central/East regions, generally wouldn’t thrive in the desert climate of the Western U.S., according to Realtor.com.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It’s also usually a good idea to avoid trees that attract invasive species of insects or trees with invasive roots. These types of trees can bring unwelcome visitors to your home or shift the foundation of your house entirely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Trees with these types of roots include&nbsp;willows, hybrid poplars and silver maples, all of which have the potential to invade your sewer lines and drain pipes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Again, speaking with a landscape professional might be the best idea to determine what trees are right for your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.bankrate.com/insurance/homeowners-insurance/does-homeowners-insurance-cover-fallen-trees/\">click here.</a></p>\n<!-- /wp:paragraph -->','Homeowners insurance and tree damage','','publish','open','open','','homeowners-insurance-and-tree-damage','','','2022-04-26 15:00:08','2022-04-26 15:00:08','',0,'http://smartinsurance.tips/?p=2254',0,'post','',0),(2255,1,'2022-04-02 22:30:27','2022-04-02 22:30:27','','PC-insurance-5','','inherit','open','closed','','pc-insurance-5','','','2022-04-02 22:30:27','2022-04-02 22:30:27','',2254,'http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-5.png',0,'attachment','image/png',0),(2278,1,'2022-04-05 20:37:50','2022-04-05 20:37:50','<!-- wp:image {\"id\":2255,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-5-1024x536.png\" alt=\"\" class=\"wp-image-2255\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">As a homeowner, it’s your job to care for and protect your property, but&nbsp;home insurance&nbsp;companies&nbsp;offer policies that can help you with the protection part. Tree damage may not be the first thing that comes to mind when choosing coverage levels for your homeowner’s insurance, but if a tree falls on your home, it can damage your house and your possessions and cause financial devastation. The endless ‘what if’ scenarios can feel overwhelming, but as far as tree damage is concerned, it’s best to pick coverage rooted in caution and practicality.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Much like the Lorax speaks for the trees, we’ve outlined preventative measures you can take to care for or remove trees and protect your property from tree damage. We’ve also outlined scenarios where your home insurance might or might not cover damage caused by trees. Understanding the nuances of a standard homeowners insurance policy could help ensure you know what is covered if a tree wreaks havoc on your property and what damage you might be responsible for out of pocket.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Key statistics</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>2% of homeowner’s insurance losses were caused by property damage in 2019. Over a third of that property damage was due to natural causes, specifically wind and hail.</li><li>Insurance companies paid an average of $4,110 for settled tree claims. Seven percent of these claims were as a result of a fallen tree.&nbsp;</li><li>If a tree located on your neighbor’s property damages your house or property, your insurance company may try to collect from their insurance company. If successful, you could be reimbursed for your deductible.&nbsp;</li><li>If you have particularly valuable trees on your property, you should consider how much it would cost to replace them when determining&nbsp;how much homeowners insurance you need.&nbsp;</li><li>Standard homeowners insurance&nbsp;typically covers damages to trees and shrubs due to disasters or accidents like fire, lightning, vandalism and theft, but this coverage is typically limited to five percent of the amount of insurance on the structure of your home, and insurers will also usually cap coverage for any one tree, shrub or plant.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"tree-damage\">Does homeowners insurance cover tree damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Whether or not a homeowners insurance policy covers tree damage depends on the situation. In order for the damage to be covered, the cause of the tree falling must be due to a covered&nbsp;peril. Many homeowners know they can usually file a claim if a tree damages a covered structure, but you may not know that many home insurance policies also cover at least some portion of damage to the actual trees, shrubs or plants, as long as the damage was caused by a covered peril.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">So if a tree falls in your yard but does not damage your home or any other structure on your property, some portion of it may be covered by your home insurance policy. According to the Triple-I, this type of coverage will generally be capped at a certain percentage of your dwelling coverage limits. It’s important to note that most home insurance companies will not pay for tree or shrub removal, except in some cases where it is blocking a driveway or handicap access.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Every policy is different, however, so you should consider speaking with your insurance agent about what is and is not covered in your policy —&nbsp;<strong><em>before</em></strong>&nbsp;tree damage occurs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Tree damage causes typically covered by home insurance:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Storms</li><li>Hail</li><li>Ice</li><li>A fire caused by lightning (and other apocalyptic events)</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Tree damage causes typically not covered by home insurance:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Rot</li><li>Age</li><li>Flood</li><li>Earthquake</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"tree-removal\">Does homeowners insurance cover tree removal?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Homeowners insurance typically covers the removal of trees if they have fallen due to a covered peril and onto a covered structure, like your house, or if the tree is blocking an access point. Some situations where tree removal may be covered are:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>If a tree falls on an insured structure, such as your home itself or a garage</li><li>If a fallen tree is blocking a driveway</li><li>If a fallen tree is blocking a handicap-accessible ramp</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Situations where tree removal is not covered under your insurance policy should be carefully considered. If your home hasn’t been damaged by a fallen tree, but you want to preemptively remove trees on your property, it is unlikely to be covered — and could even have negative consequences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For example, if the person responsible for removing the tree is injured during the process, you may risk legal repercussions as the property owner. Bodily injury liability is one of the more infrequent causes for insurance claims, but can be one of the most costly. From 2015-2019, according to the Triple-I, bodily injury and property damage was the second severest homeowner’s insurance claim, costing an average of&nbsp;$29,752.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Insurance companies consider your justification for tree removal to determine if it will be covered. They will likely not cover the removal if you’re worried about your yard aesthetic and find the tree unsightly. If an insured structure was hit, insurance providers may reimburse you for tree removal up to a specified dollar amount,&nbsp;usually ranging from $500-$1,000. If a covered structure was not hit, your insurance company is unlikely to pay for its removal, except, possibly, in the circumstances mentioned above. It’s important to check your policy and ask your agent to determine your exact coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"property-damage\">What to do when someone else’s tree damages your property?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A standard homeowners insurance policy should cover a tree that falls on your house, regardless of who owns the tree.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In some cases, the insurance company may try to collect the money needed to cover the damage from the neighbor’s insurance company in a process called subrogation, which may also cover the deductible for the homeowner whose property was damaged.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">However, if your neighbor’s tree has not fallen on your house, but it’s encroaching on your property, do you have the right to cut it?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Usually, it depends on whose yard has the tree trunk. If your neighbor’s tree branches and leaves cover portions of your yard, but the tree trunk is in his yard,&nbsp;it belongs to your neighbor.&nbsp;In that case, your local laws or HOA governance will likely determine whether overgrown trees that encroach on your property must be maintained by their owner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tree removal in these cases can lead to disputes between you and your neighbors who have differing opinions on the matter. Your HOA may get involved, or worse — your neighborhood Facebook page could become the battleground for the tree removal debate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Another risky ‘what if’ is if your tree is damaging your neighbor’s property. It could cost you and your insurance provider to compensate for the damages, not to mention your reputation in the neighborhood. That’s why regular care and maintenance of your trees is typically a good idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"insurance\">How much to expect from the insurance company?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The payout from your insurance company after tree damage depends on several factors, including what type of property was damaged. If a covered peril causes damage to your house, you may be eligible to receive up to the limit of your policy’s&nbsp;dwelling coverage, depending on how much damage was done.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You can usually also file a claim for your personal belongings, if they were damaged, up to certain limits. Different categories of possessions have individual limits and high-value items may not be covered at all, unless you have added them with&nbsp;scheduled personal property insurance. You can choose to increase these limits, but it will likely cause&nbsp;your homeowners insurance premium&nbsp;to go up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">How much you are reimbursed for your belongings and dwelling coverage also depends on whether you have&nbsp;actual cash value (ACV)&nbsp;or&nbsp;replacement cost value (RCV)&nbsp;on your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If the tree itself that caused damage to your home was valuable, you might also be able to file a claim to replace it. As mentioned earlier, not all policies will cover the actual tree, and the ones that do will likely have certain coverage caps in place, so you will need to look at your policy or speak with an agent to see how much is covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Once a claims adjuster creates an estimate for each claim category, the insurance company subtracts your policy deductible from the amount you receive. Many homeowners insurance policies also cover some living expenses, such as hotels, up to certain limits if your home is uninhabitable while the damage is repaired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"prevent\">How to prevent tree damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It is your responsibility as a homeowner to maintain your trees properly. Damage caused by dead or rotting trees is not likely to be covered by homeowners insurance, and if a tree owned by you causes damage to someone else’s property or person, you might get sued. Here are a few things you can do to prevent trees from causing damage to structures and property:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Trim any trees on your property regularly, especially those with long branches.</li><li>Check for signs your trees are dead or dying (not on&nbsp;Healthline) by observing a year-round lack of leaves or hollow trunks.</li><li>Look for mushrooms, cracks or holes at the base of tree trunks to rule out rotting.</li><li>Consider removing trees that are leaning off-center that have a higher potential to fall.</li><li>Pay extra attention to trees that hang over your roof, driveway or power lines.</li><li>Consider having a tree expert examine the trees on your property periodically to look for signs or disease or rot, or to recommend preventative maintenance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"faqs\">Frequently asked questions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\">Does homeowners insurance cover diseased tree removal?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Diseased tree removal is generally considered routine maintenance and is not typically covered by a standard homeowners insurance policy. It is your responsibility to track the health of your trees and treat them when needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\">If a falling tree damages my roof, will that be covered by homeowners insurance?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A roof can be expensive to replace, but most standard policies will cover&nbsp;tree damage to a roof&nbsp;if the following perils caused it:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Fire or lightning</li><li>Windstorms and hail</li><li>Explosions</li><li>Riots, vandalism or theft</li><li>Damaged caused by aircraft or vehicles</li><li>Smoke</li><li>Volcanic eruptions</li><li>Falling objects</li><li>The weight of snow, ice or sleet</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In most cases, roof damage from a tree felled by floods or earthquakes is not covered. It is a good idea to purchase a separate policy to cover these perils if you live in an area prone to either. Note that insurance companies will typically only cover your roof if it is in good repair. If you are unsure of the specific coverages included in your policy, turn to your agent or insurance company for clarification.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\">Do trees add value to my home?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Arbor Day Foundation&nbsp;finds that planting trees in residential areas can increase property values anywhere from three to 15 percent. Trees can really spruce up a neighborhood and appeal to potential buyers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Removing dying or rotting trees can also&nbsp;increase the value of your home&nbsp;by eliminating that risk for future residents, according to Realtor.com. Remember that the cost of removing trees, even if diseased or rotting, is considered routine care and maintenance and is usually not covered by insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\">What types of trees are the safest?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It’s typically a good best practice to select trees that don’t forget their roots — literally. If you’re considering planting a tree or evaluating the type of tree on a property you’re looking to buy, look for healthy, strong roots. Bonus points if the tree is relatively low-maintenance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Some of the best trees for this can include oaks, maples, hickories and elm trees, according to Realtor.com. You might want to consult with a landscape expert to determine what trees are the best for your climate and property type.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\">What types of trees can’t be trusted?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Simply put, trees that ain’t from ‘round these parts are better avoided. Experts advise picking trees best-suited for your environment and considering their native location. For example, non-native tree types like black locusts and box elders, native to the Southeast and Central/East regions, generally wouldn’t thrive in the desert climate of the Western U.S., according to Realtor.com.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It’s also usually a good idea to avoid trees that attract invasive species of insects or trees with invasive roots. These types of trees can bring unwelcome visitors to your home or shift the foundation of your house entirely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Trees with these types of roots include&nbsp;willows, hybrid poplars and silver maples, all of which have the potential to invade your sewer lines and drain pipes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Again, speaking with a landscape professional might be the best idea to determine what trees are right for your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.bankrate.com/insurance/homeowners-insurance/does-homeowners-insurance-cover-fallen-trees/\">click here.</a></p>\n<!-- /wp:paragraph -->','Homeowners insurance and tree damage','','inherit','closed','closed','','2254-revision-v1','','','2022-04-05 20:37:50','2022-04-05 20:37:50','',2254,'http://smartinsurance.tips/?p=2278',0,'revision','',0),(2256,1,'2022-04-02 22:42:18','2022-04-02 22:42:18','<!-- wp:image {\"id\":2255,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-5-1024x536.png\" alt=\"\" class=\"wp-image-2255\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">As a homeowner, it’s your job to care for and protect your property, but home insurance companies offer policies that can help you with the protection part. Tree damage may not be the first thing that comes to mind when choosing coverage levels for your homeowner’s insurance, but if a tree falls on your home, it can damage your house and your possessions and cause financial devastation. The endless ‘what if’ scenarios can feel overwhelming, but as far as tree damage is concerned, it’s best to pick coverage rooted in caution and practicality.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Much like the Lorax speaks for the trees, we’ve outlined preventative measures you can take to care for or remove trees and protect your property from tree damage. We’ve also outlined scenarios where your home insurance might or might not cover damage caused by trees. Understanding the nuances of a standard homeowners insurance policy could help ensure you know what is covered if a tree wreaks havoc on your property and what damage you might be responsible for out of pocket.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Key statistics</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>2% of homeowner’s insurance losses were caused by property damage in 2019. Over a third of that property damage was due to natural causes, specifically wind and hail.</li><li>Insurance companies paid an average of $4,110 for settled tree claims. Seven percent of these claims were as a result of a fallen tree. </li><li>If a tree located on your neighbor’s property damages your house or property, your insurance company may try to collect from their insurance company. If successful, you could be reimbursed for your deductible. </li><li>If you have particularly valuable trees on your property, you should consider how much it would cost to replace them when determining how much homeowners insurance you need. </li><li>Standard homeowners insurance typically covers damages to trees and shrubs due to disasters or accidents like fire, lightning, vandalism and theft, but this coverage is typically limited to five percent of the amount of insurance on the structure of your home, and insurers will also usually cap coverage for any one tree, shrub or plant.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"tree-damage\">Does homeowners insurance cover tree damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Whether or not a homeowners insurance policy covers tree damage depends on the situation. In order for the damage to be covered, the cause of the tree falling must be due to a covered peril. Many homeowners know they can usually file a claim if a tree damages a covered structure, but you may not know that many home insurance policies also cover at least some portion of damage to the actual trees, shrubs or plants, as long as the damage was caused by a covered peril.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">So if a tree falls in your yard but does not damage your home or any other structure on your property, some portion of it may be covered by your home insurance policy. According to the Triple-I, this type of coverage will generally be capped at a certain percentage of your dwelling coverage limits. It’s important to note that most home insurance companies will not pay for tree or shrub removal, except in some cases where it is blocking a driveway or handicap access.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Every policy is different, however, so you should consider speaking with your insurance agent about what is and is not covered in your policy —&nbsp;<strong><em>before</em></strong>&nbsp;tree damage occurs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Tree damage causes typically covered by home insurance:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Storms</li><li>Hail</li><li>Ice</li><li>A fire caused by lightning (and other apocalyptic events)</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Tree damage causes typically not covered by home insurance:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Rot</li><li>Age</li><li>Flood</li><li>Earthquake</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"tree-removal\">Does homeowners insurance cover tree removal?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Homeowners insurance typically covers the removal of trees if they have fallen due to a covered peril and onto a covered structure, like your house, or if the tree is blocking an access point. Some situations where tree removal may be covered are:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>If a tree falls on an insured structure, such as your home itself or a garage</li><li>If a fallen tree is blocking a driveway</li><li>If a fallen tree is blocking a handicap-accessible ramp</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Situations where tree removal is not covered under your insurance policy should be carefully considered. If your home hasn’t been damaged by a fallen tree, but you want to preemptively remove trees on your property, it is unlikely to be covered — and could even have negative consequences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For example, if the person responsible for removing the tree is injured during the process, you may risk legal repercussions as the property owner. Bodily injury liability is one of the more infrequent causes for insurance claims, but can be one of the most costly. From 2015-2019, according to the Triple-I, bodily injury and property damage was the second severest homeowner’s insurance claim, costing an average of $29,752.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Insurance companies consider your justification for tree removal to determine if it will be covered. They will likely not cover the removal if you’re worried about your yard aesthetic and find the tree unsightly. If an insured structure was hit, insurance providers may reimburse you for tree removal up to a specified dollar amount, usually ranging from $500-$1,000. If a covered structure was not hit, your insurance company is unlikely to pay for its removal, except, possibly, in the circumstances mentioned above. It’s important to check your policy and ask your agent to determine your exact coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"property-damage\">What to do when someone else’s tree damages your property</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A standard homeowners insurance policy should cover a tree that falls on your house, regardless of who owns the tree.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In some cases, the insurance company may try to collect the money needed to cover the damage from the neighbor’s insurance company in a process called subrogation, which may also cover the deductible for the homeowner whose property was damaged.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">However, if your neighbor’s tree has not fallen on your house, but it’s encroaching on your property, do you have the right to cut it?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Usually, it depends on whose yard has the tree trunk. If your neighbor’s tree branches and leaves cover portions of your yard, but the tree trunk is in his yard, it belongs to your neighbor. In that case, your local laws or HOA governance will likely determine whether overgrown trees that encroach on your property must be maintained by their owner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tree removal in these cases can lead to disputes between you and your neighbors who have differing opinions on the matter. Your HOA may get involved, or worse — your neighborhood Facebook page could become the battleground for the tree removal debate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Another risky ‘what if’ is if your tree is damaging your neighbor’s property. It could cost you and your insurance provider to compensate for the damages, not to mention your reputation in the neighborhood. That’s why regular care and maintenance of your trees is typically a good idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"insurance\">How much to expect from the insurance company</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The payout from your insurance company after tree damage depends on several factors, including what type of property was damaged. If a covered peril causes damage to your house, you may be eligible to receive up to the limit of your policy’s dwelling coverage, depending on how much damage was done.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You can usually also file a claim for your personal belongings, if they were damaged, up to certain limits. Different categories of possessions have individual limits and high-value items may not be covered at all, unless you have added them with scheduled personal property insurance. You can choose to increase these limits, but it will likely cause your homeowners insurance premium to go up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">How much you are reimbursed for your belongings and dwelling coverage also depends on whether you have actual cash value (ACV) or replacement cost value (RCV) on your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If the tree itself that caused damage to your home was valuable, you might also be able to file a claim to replace it. As mentioned earlier, not all policies will cover the actual tree, and the ones that do will likely have certain coverage caps in place, so you will need to look at your policy or speak with an agent to see how much is covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Once a claims adjuster creates an estimate for each claim category, the insurance company subtracts your policy deductible from the amount you receive. Many homeowners insurance policies also cover some living expenses, such as hotels, up to certain limits if your home is uninhabitable while the damage is repaired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"prevent\">How to prevent tree damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It is your responsibility as a homeowner to maintain your trees properly. Damage caused by dead or rotting trees is not likely to be covered by homeowners insurance, and if a tree owned by you causes damage to someone else’s property or person, you might get sued. Here are a few things you can do to prevent trees from causing damage to structures and property:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Trim any trees on your property regularly, especially those with long branches.</li><li>Check for signs your trees are dead or dying (not on Healthline) by observing a year-round lack of leaves or hollow trunks.</li><li>Look for mushrooms, cracks or holes at the base of tree trunks to rule out rotting.</li><li>Consider removing trees that are leaning off-center that have a higher potential to fall.</li><li>Pay extra attention to trees that hang over your roof, driveway or power lines.</li><li>Consider having a tree expert examine the trees on your property periodically to look for signs or disease or rot, or to recommend preventative maintenance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"faqs\">Frequently asked questions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>What is the best home insurance company?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Finding the best home insurance company depends on a lot of factors. It is a good idea to compare quotes from some of the top home insurers in the country using criteria like customer service scores from J.D. Power, financial strength ratings from AM Best and average premiums. Not every homeowner has the same needs, so it is smart to look at several options and speak with a licensed insurance professional.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Does homeowners insurance cover diseased tree removal?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Diseased tree removal is generally considered routine maintenance and is not typically covered by a standard homeowners insurance policy. It is your responsibility to track the health of your trees and treat them when needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>If a falling tree damages my roof, will that be covered by homeowners insurance?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A roof can be expensive to replace, but most standard policies will cover tree damage to a roof if the following perils caused it:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Fire or lightning</li><li>Windstorms and hail</li><li>Explosions</li><li>Riots, vandalism or theft</li><li>Damaged caused by aircraft or vehicles</li><li>Smoke</li><li>Volcanic eruptions</li><li>Falling objects</li><li>The weight of snow, ice or sleet</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In most cases, roof damage from a tree felled by floods or earthquakes is not covered. It is a good idea to purchase a separate policy to cover these perils if you live in an area prone to either. Note that insurance companies will typically only cover your roof if it is in good repair. If you are unsure of the specific coverages included in your policy, turn to your agent or insurance company for clarification.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do trees add value to my home?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Arbor Day Foundation finds that planting trees in residential areas can increase property values anywhere from three to 15 percent. Trees can really spruce up a neighborhood and appeal to potential buyers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Removing dying or rotting trees can also increase the value of your home by eliminating that risk for future residents, according to Realtor.com. Remember that the cost of removing trees, even if diseased or rotting, is considered routine care and maintenance and is usually not covered by insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>What types of trees are the safest?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It’s typically a good best practice to select trees that don’t forget their roots — literally. If you’re considering planting a tree or evaluating the type of tree on a property you’re looking to buy, look for healthy, strong roots. Bonus points if the tree is relatively low-maintenance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Some of the best trees for this can include oaks, maples, hickories and elm trees, according to Realtor.com. You might want to consult with a landscape expert to determine what trees are the best for your climate and property type.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>What types of trees can’t be trusted?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Simply put, trees that ain’t from ‘round these parts are better avoided. Experts advise picking trees best-suited for your environment and considering their native location. For example, non-native tree types like black locusts and box elders, native to the Southeast and Central/East regions, generally wouldn’t thrive in the desert climate of the Western U.S., according to Realtor.com.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It’s also usually a good idea to avoid trees that attract invasive species of insects or trees with invasive roots. These types of trees can bring unwelcome visitors to your home or shift the foundation of your house entirely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Trees with these types of roots include willows, hybrid poplars and silver maples, all of which have the potential to invade your sewer lines and drain pipes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Again, speaking with a landscape professional might be the best idea to determine what trees are right for your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/homeowners-insurance/does-homeowners-insurance-cover-fallen-trees/\">click here.</a></p>\n<!-- /wp:paragraph -->','Homeowners insurance and tree damage','','inherit','closed','closed','','2254-revision-v1','','','2022-04-02 22:42:18','2022-04-02 22:42:18','',2254,'http://smartinsurance.tips/?p=2256',0,'revision','',0),(2257,1,'2022-04-02 22:51:28','2022-04-02 22:51:28','<!-- wp:image {\"id\":2423,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-6-1024x536.png\" alt=\"\" class=\"wp-image-2423\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You purchase&nbsp;home insurance&nbsp;to help financially protect you against the cost of repairs if your house gets damaged by life’s what-ifs. The good news is that your policy extends coverage well beyond the walls of your home, too. In many cases, that means that your home insurance will cover your fence in your yard.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Still, though, you do not get blanketed coverage for fence repairs from your homeowners insurance provider. The protection it extends to depends on why the fence was damaged, so it can be helpful to review your policy details. To make that easier, Bankrate summarized the key things you need to know about home insurance coverage for fences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What part of a home insurance policy might cover fence damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Your home insurance policy includes different coverages, like dwelling insurance for your house itself and personal property coverage for your belongings. It also includes&nbsp;other structures coverage, which extends to things built on your property that do not attach to your home like sheds, detached garages and — you guessed it — fences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A standard home insurance policy provides you with other structures coverage, typically&nbsp;10%<br>of your overall dwelling coverage, according to the Insurance Information Institute (Triple-I). So if your dwelling is insured for $400,000, you most likely have $40,000 in other structures coverage that can go toward things like fence repairs if damaged from a covered claim. The specific amount of other structures coverage is listed on the declaration page of your homeowners policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">As you look over your policy, it can also be beneficial to review to the&nbsp;covered perils, which are the instances in which your homeowners insurance will cover expenses. Almost all home insurance policies will provide coverage for fire, theft and windstorm claims, for example, but usually exclude coverage for floods and earthquakes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Generally, policies fall into two categories: those that cover named perils and those covering open perils. If you have a named-perils policy, your home insurance covers damage whenever something specifically listed or named in your policy occurs. With open perils, you get coverage unless the incident is specifically excluded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In both cases, you would still have a deductible apply in the event of the claim. This means that the deductible amount you chose will be deducted from your insurance provider’s claim payout amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Look over your policy to understand when you would have protection — and what may be excluded. To get you started, we summarized some common instances of fence damage and whether or not they are considered insured losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What kind of fence damage is covered by home insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Here is a quick look at some of the most common causes of fence damage and whether or not you could file a home insurance claim for them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Wear and tear</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Wear and tear is not covered by home insurance for your fence or any other part of your home. Your homeowners insurance company holds you responsible for performing the required maintenance around your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In fact, if you neglect maintenance, your claim could be denied. Say a strong wind blows over your fence. If your home insurance company finds that the fence was already falling apart because you were not maintaining it properly, coverage will most likely be denied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Tree falls on the fence</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Whether the tree was on your property or your neighbors, you can&nbsp;file a claim through your home insurance, according to the Triple-I. If the tree is on your neighbor’s property and your insurance company finds that the limb or tree fell because your neighbor was negligent in their tree maintenance, it may try to recover the costs from your neighbor’s insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The same can hold true for you: if you fail to properly maintain your trees and one falls or drops a limb on your fence, your insurance company might deny coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Storms</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Standard home insurance policies offer coverage for repairs of damaged fences after a windstorm, hailstorm or a lightning strike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">But if you live in a coastal area, especially if you are prone to hurricanes, your policy might exclude wind damage to fences from named tropical cyclones. Review your policy specifics to see if you should seek out a&nbsp;windstorm insurance&nbsp;endorsement or your policy may already include a separate windstorm deductible for named storms. A “hurricane deductible” is typically 1% to 5% of your home’s insured value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Vandalism</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Homeowners insurance usually covers vandalism. So if your fence gets damaged by vandals or graffitied, your policy should pay out for the necessary repairs (up to your policy limits).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>A car hit the fence</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">While your home insurance can pay for repairs to a fence hit by a vehicle, you may also use the responsible driver’s property damage liability coverage, which is required in most states. In other words, because the damage is their fault, their car insurance liability coverage should pay for the property damage they caused to your fence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Termites</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Termites, along with all other pests and infestations, are&nbsp;not covered&nbsp;by homeowners insurance. Your home insurance company considers termite damage a home maintenance issue, which means you will need to cover the cost of getting rid of the termites and repairing your fence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How do you file a claim for fence damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Start by gathering evidence. Before you tackle any repairs or clean up, take pictures of the fence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Then, determine if you want to contact your home insurance company. It may want to send a claims adjuster out to look at the fence before you start repairs or ask you to submit photos of the damage via its mobile app or claims website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The main thing to consider here is your deductible. Say your home insurance deductible is $500. If you think the fence will only cost a couple hundred dollars to repair, you may want to skip filing a claim. Why? You would still be responsible for the repairs up to $500, and filing a claim can cause&nbsp;the cost of your home insurance&nbsp;to increase.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you think the damage will exceed your deductible and consequently want to file a home insurance claim, you can usually start the claims process by calling your insurance company or insurance agent, submitting the claim online via the insured’s website or through the insurer’s mobile app. Your insurance provider should give you the&nbsp;next steps for your claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">FAQs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Should I tell my home insurance company if I change my fence?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you are cosmetically updating your fence, you probably do not need to notify your insurance provider. But if you plan to upgrade your fence and think the cost could cause you to be underinsured with your other structures coverage, you should review your policy details and speak to your insurance agent about your new fence so that you have adequate protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>What else is covered under other structures coverage?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">As its name suggests, this coverage extends to structures on your property that are not attached to your house. That could be a fully finished detached garage or a simple backyard shed. Other structures also typically provides coverage for in-ground pools, driveways and gazebos.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do I have enough other structures coverage?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Remember that you usually get up to 10% of your dwelling insurance amount for other structures coverage. If you have multiple other structures or high-value ones, like in-law quarters with a kitchen and bath or an extremely long fence, the standard coverage limit might not be enough. In that case, contact your insurance professional to determine if you can increase your other structures coverage policy limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.bankrate.com/insurance/homeowners-insurance/does-home-insurance-cover-fencing/?itm_source=parsely-api\">click here.</a></p>\n<!-- /wp:paragraph -->','Does home insurance cover fences?','','publish','open','open','','does-home-insurance-cover-fences','','','2022-04-26 15:01:04','2022-04-26 15:01:04','',0,'http://smartinsurance.tips/?p=2257',0,'post','',0),(2258,1,'2022-04-02 22:45:21','2022-04-02 22:45:21','','PC-insurance-6','','inherit','open','closed','','pc-insurance-6','','','2022-04-02 22:45:21','2022-04-02 22:45:21','',2257,'http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-6.png',0,'attachment','image/png',0),(2259,1,'2022-04-02 22:51:28','2022-04-02 22:51:28','<!-- wp:image {\"id\":2258,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-6-1024x536.png\" alt=\"\" class=\"wp-image-2258\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You purchase home insurance to help financially protect you against the cost of repairs if your house gets damaged by life’s what-ifs. The good news is that your policy extends coverage well beyond the walls of your home, too. In many cases, that means that your home insurance will cover your fence in your yard.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Still, though, you do not get blanketed coverage for fence repairs from your homeowners insurance provider. The protection it extends to depends on why the fence was damaged, so it can be helpful to review your policy details. To make that easier, Bankrate summarized the key things you need to know about home insurance coverage for fences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What part of a home insurance policy might cover fence damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Your home insurance policy includes different coverages, like dwelling insurance for your house itself and personal property coverage for your belongings. It also includes other structures coverage, which extends to things built on your property that do not attach to your home like sheds, detached garages and — you guessed it — fences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A standard home insurance policy provides you with other structures coverage, typically 10%<br>of your overall dwelling coverage, according to the Insurance Information Institute (Triple-I). So if your dwelling is insured for $400,000, you most likely have $40,000 in other structures coverage that can go toward things like fence repairs if damaged from a covered claim. The specific amount of other structures coverage is listed on the declaration page of your homeowners policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">As you look over your policy, it can also be beneficial to review to the covered perils, which are the instances in which your homeowners insurance will cover expenses. Almost all home insurance policies will provide coverage for fire, theft and windstorm claims, for example, but usually exclude coverage for floods and earthquakes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Generally, policies fall into two categories: those that cover named perils and those covering open perils. If you have a named-perils policy, your home insurance covers damage whenever something specifically listed or named in your policy occurs. With open perils, you get coverage unless the incident is specifically excluded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In both cases, you would still have a deductible apply in the event of the claim. This means that the deductible amount you chose will be deducted from your insurance provider’s claim payout amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Look over your policy to understand when you would have protection — and what may be excluded. To get you started, we summarized some common instances of fence damage and whether or not they are considered insured losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What kind of fence damage is covered by home insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Here is a quick look at some of the most common causes of fence damage and whether or not you could file a home insurance claim for them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Wear and tear</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Wear and tear is not covered by home insurance for your fence or any other part of your home. Your homeowners insurance company holds you responsible for performing the required maintenance around your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In fact, if you neglect maintenance, your claim could be denied. Say a strong wind blows over your fence. If your home insurance company finds that the fence was already falling apart because you were not maintaining it properly, coverage will most likely be denied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Tree falls on the fence</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Whether the tree was on your property or your neighbors, you can file a claim through your home insurance, according to the Triple-I. If the tree is on your neighbor’s property and your insurance company finds that the limb or tree fell because your neighbor was negligent in their tree maintenance, it may try to recover the costs from your neighbor’s insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The same can hold true for you: if you fail to properly maintain your trees and one falls or drops a limb on your fence, your insurance company might deny coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Storms</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Standard home insurance policies offer coverage for repairs of damaged fences after a windstorm, hailstorm or a lightning strike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">But if you live in a coastal area, especially if you are prone to hurricanes, your policy might exclude wind damage to fences from named tropical cyclones. Review your policy specifics to see if you should seek out a windstorm insurance endorsement or your policy may already include a separate windstorm deductible for named storms. A “hurricane deductible” is typically 1% to 5% of your home’s insured value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Vandalism</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Homeowners insurance usually covers vandalism. So if your fence gets damaged by vandals or graffitied, your policy should pay out for the necessary repairs (up to your policy limits).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>A car hit the fence</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">While your home insurance can pay for repairs to a fence hit by a vehicle, you may also use the responsible driver’s property damage liability coverage, which is required in most states. In other words, because the damage is their fault, their car insurance liability coverage should pay for the property damage they caused to your fence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Termites</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Termites, along with all other pests and infestations, are not covered by homeowners insurance. Your home insurance company considers termite damage a home maintenance issue, which means you will need to cover the cost of getting rid of the termites and repairing your fence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How do you file a claim for fence damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Start by gathering evidence. Before you tackle any repairs or clean up, take pictures of the fence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Then, determine if you want to contact your home insurance company. It may want to send a claims adjuster out to look at the fence before you start repairs or ask you to submit photos of the damage via its mobile app or claims website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The main thing to consider here is your deductible. Say your home insurance deductible is $500. If you think the fence will only cost a couple hundred dollars to repair, you may want to skip filing a claim. Why? You would still be responsible for the repairs up to $500, and filing a claim can cause the cost of your home insurance to increase.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you think the damage will exceed your deductible and consequently want to file a home insurance claim, you can usually start the claims process by calling your insurance company or insurance agent, submitting the claim online via the insured’s website or through the insurer’s mobile app. Your insurance provider should give you the next steps for your claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">FAQs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Should I tell my home insurance company if I change my fence?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you are cosmetically updating your fence, you probably do not need to notify your insurance provider. But if you plan to upgrade your fence and think the cost could cause you to be underinsured with your other structures coverage, you should review your policy details and speak to your insurance agent about your new fence so that you have adequate protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>What else is covered under other structures coverage?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">As its name suggests, this coverage extends to structures on your property that are not attached to your house. That could be a fully finished detached garage or a simple backyard shed. Other structures also typically provides coverage for in-ground pools, driveways and gazebos.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do I have enough other structures coverage?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Remember that you usually get up to 10% of your dwelling insurance amount for other structures coverage. If you have multiple other structures or high-value ones, like in-law quarters with a kitchen and bath or an extremely long fence, the standard coverage limit might not be enough. In that case, contact your insurance professional to determine if you can increase your other structures coverage policy limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/homeowners-insurance/does-home-insurance-cover-fencing/?itm_source=parsely-api\">click here.</a></p>\n<!-- /wp:paragraph -->','Does home insurance cover fences?','','inherit','closed','closed','','2257-revision-v1','','','2022-04-02 22:51:28','2022-04-02 22:51:28','',2257,'http://smartinsurance.tips/?p=2259',0,'revision','',0),(2260,1,'2022-04-02 22:57:33','2022-04-02 22:57:33','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A list of your belongings will make filing an insurance claim much easier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2425,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-8-1024x536.png\" alt=\"\" class=\"wp-image-2425\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"1\">In the event of a fire or other disaster, would you be able to remember all your possessions? Having an up-to-date home inventory will help you get your insurance claim settled faster, verify losses for your income tax return and help you purchase the correct amount of insurance. Here\'s how to create one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Start your home inventory&nbsp;now</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you\'re just setting up a household, starting&nbsp;a home inventory&nbsp;is relatively simple. If you’ve been living in the same house for many years, however, the task of creating a list can seem daunting—but it doesn’t have to be. Get started here.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Pick an easy spot to start&nbsp;</strong>– A contained area—like your small kitchen appliance cabinet, your sporting equipment closet or your handbag shelf—is a great place to get started.</li><li><strong>List recent purchases</strong>&nbsp;– Another way to start is with recent purchases—get into the inventory habit and then go back tackle your older possessions.</li><li><strong>Include the basic information&nbsp;</strong>– In general, describe each item you record, and note where you bought it, the make and model, what you paid and any other detail that might help in the event you need to make a claim.</li><li><strong>Count clothing by general category –</strong>&nbsp;For example, \"5 pairs of jeans, 3 pairs of sneakers…\" Make note of any items that are especially valuable.</li><li><strong>Record serial numbers –&nbsp;</strong>Usually found on the back or bottom of major appliances and electronic equipment, serial numbers are a useful reference.</li><li><strong>Check coverage on big ticket items –&nbsp;</strong>Jewelry, art and collectibles may have increased in value and may need&nbsp;special coverage&nbsp;separate from your standard homeowners insurance policy. While you\'re making your home inventory list, check with your agent to make sure you have adequate insurance for these items&nbsp;<em>before</em>&nbsp;there is a loss.</li><li><strong>Don\'t forget off-site items</strong>&nbsp;– Your&nbsp;belongings kept in a self-storage facility are covered by your homeowners insurance, too. Make sure you include them in your inventory.</li><li><strong>Keep proof of value</strong>&nbsp;– Store sales receipts, purchase contracts, and appraisals with your list.</li><li><strong>Don\'t get overwhelmed</strong>&nbsp;– Once you\'ve started your inventory, keep going even if you can\'t get it all done immediately. It\'s better to have an incomplete inventory than nothing at all.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"fontSize\":\"large\"} -->\n<h2 class=\"has-large-font-size\">Use technology to make your home inventory easier</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A simple pencil and paper will suffice, but technology can make creating a home inventory much easier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Take pictures –&nbsp;</strong>Create a photo record of your belongings. Capture important individual items as well as entire rooms, closets or drawers. Label your photos with what\'s pictured, where you bought it, the make or model—whatever information might be important to replacing and/or getting reimbursed for the item. Use your smartphone or digital camera—some give you the capability to put in the description of the item when saving the photo.</li><li><strong>Tape it&nbsp;</strong>– Walk through your house or apartment videotaping and describing the contents. For example, you might describe the contents of a kitchen cabinet: \"Poppies on Blue by Lenox, service for 12 that includes a dinner plate, salad plate, bowl, cup and saucer. Purchased in 2015.\"</li><li><strong>Use an app –&nbsp;</strong>There are many mobile app options that can help you create and store a room-by-room record of your belongings.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Keep your home inventory up-to-date and safely stored</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Your home inventory is only useful if it\'s accurate and you can access it to provide information to your insurance company in case of fire, theft or other destructive disaster. Regardless of the medium you\'ve used to create your list, keep it backed up and in a safe place.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Add significant new purchases to your list</strong>&nbsp;– Make it a habit to add the item information and receipts to your inventory while the details are fresh in your mind.</li><li><strong>Store a copy of your paper inventory outside the home</strong>&nbsp;– Keep it—along with applicable receipts and appraisals—in a safe deposit box or at a friend\'s or relative\'s home. Make at least one backup copy of your inventory document and store it separately. An easy way to make digital backup copies of your paper list is to take pictures of it on your smartphone.</li><li><strong>Backup digital files</strong>&nbsp;– Keep a copy on an external drive or online storage account.</li><li><strong>Understand your app</strong>&nbsp;– Be sure the information you input is backed up by the app developer and that you know how to access information when you need it.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.iii.org/article/how-create-home-inventory\">click here.</a></p>\n<!-- /wp:paragraph -->','How to create a home inventory?','','publish','open','open','','how-to-create-a-home-inventory','','','2022-04-26 15:02:46','2022-04-26 15:02:46','',0,'http://smartinsurance.tips/?p=2260',0,'post','',0),(2261,1,'2022-04-02 22:52:45','2022-04-02 22:52:45','','PC-insurance-8','','inherit','open','closed','','pc-insurance-8','','','2022-04-02 22:52:45','2022-04-02 22:52:45','',2260,'http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-8.png',0,'attachment','image/png',0),(2279,1,'2022-04-05 20:39:31','2022-04-05 20:39:31','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A list of your belongings will make filing an insurance claim much easier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2261,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-8-1024x536.png\" alt=\"\" class=\"wp-image-2261\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"1\">In the event of a fire or other disaster, would you be able to remember all your possessions? Having an up-to-date home inventory will help you get your insurance claim settled faster, verify losses for your income tax return and help you purchase the correct amount of insurance. Here\'s how to create one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Start your home inventory&nbsp;now</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you\'re just setting up a household, starting&nbsp;a home inventory&nbsp;is relatively simple. If you’ve been living in the same house for many years, however, the task of creating a list can seem daunting—but it doesn’t have to be. Get started here.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Pick an easy spot to start&nbsp;</strong>– A contained area—like your small kitchen appliance cabinet, your sporting equipment closet or your handbag shelf—is a great place to get started.</li><li><strong>List recent purchases</strong>&nbsp;– Another way to start is with recent purchases—get into the inventory habit and then go back tackle your older possessions.</li><li><strong>Include the basic information&nbsp;</strong>– In general, describe each item you record, and note where you bought it, the make and model, what you paid and any other detail that might help in the event you need to make a claim.</li><li><strong>Count clothing by general category –</strong>&nbsp;For example, \"5 pairs of jeans, 3 pairs of sneakers…\" Make note of any items that are especially valuable.</li><li><strong>Record serial numbers –&nbsp;</strong>Usually found on the back or bottom of major appliances and electronic equipment, serial numbers are a useful reference.</li><li><strong>Check coverage on big ticket items –&nbsp;</strong>Jewelry, art and collectibles may have increased in value and may need&nbsp;special coverage&nbsp;separate from your standard homeowners insurance policy. While you\'re making your home inventory list, check with your agent to make sure you have adequate insurance for these items&nbsp;<em>before</em>&nbsp;there is a loss.</li><li><strong>Don\'t forget off-site items</strong>&nbsp;– Your&nbsp;belongings kept in a self-storage facility are covered by your homeowners insurance, too. Make sure you include them in your inventory.</li><li><strong>Keep proof of value</strong>&nbsp;– Store sales receipts, purchase contracts, and appraisals with your list.</li><li><strong>Don\'t get overwhelmed</strong>&nbsp;– Once you\'ve started your inventory, keep going even if you can\'t get it all done immediately. It\'s better to have an incomplete inventory than nothing at all.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"fontSize\":\"large\"} -->\n<h2 class=\"has-large-font-size\">Use technology to make your home inventory easier</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A simple pencil and paper will suffice, but technology can make creating a home inventory much easier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Take pictures –&nbsp;</strong>Create a photo record of your belongings. Capture important individual items as well as entire rooms, closets or drawers. Label your photos with what\'s pictured, where you bought it, the make or model—whatever information might be important to replacing and/or getting reimbursed for the item. Use your smartphone or digital camera—some give you the capability to put in the description of the item when saving the photo.</li><li><strong>Tape it&nbsp;</strong>– Walk through your house or apartment videotaping and describing the contents. For example, you might describe the contents of a kitchen cabinet: \"Poppies on Blue by Lenox, service for 12 that includes a dinner plate, salad plate, bowl, cup and saucer. Purchased in 2015.\"</li><li><strong>Use an app –&nbsp;</strong>There are many mobile app options that can help you create and store a room-by-room record of your belongings.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Keep your home inventory up-to-date and safely stored</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Your home inventory is only useful if it\'s accurate and you can access it to provide information to your insurance company in case of fire, theft or other destructive disaster. Regardless of the medium you\'ve used to create your list, keep it backed up and in a safe place.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Add significant new purchases to your list</strong>&nbsp;– Make it a habit to add the item information and receipts to your inventory while the details are fresh in your mind.</li><li><strong>Store a copy of your paper inventory outside the home</strong>&nbsp;– Keep it—along with applicable receipts and appraisals—in a safe deposit box or at a friend\'s or relative\'s home. Make at least one backup copy of your inventory document and store it separately. An easy way to make digital backup copies of your paper list is to take pictures of it on your smartphone.</li><li><strong>Backup digital files</strong>&nbsp;– Keep a copy on an external drive or online storage account.</li><li><strong>Understand your app</strong>&nbsp;– Be sure the information you input is backed up by the app developer and that you know how to access information when you need it.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.iii.org/article/how-create-home-inventory\">click here.</a></p>\n<!-- /wp:paragraph -->','How to create a home inventory?','','inherit','closed','closed','','2260-revision-v1','','','2022-04-05 20:39:31','2022-04-05 20:39:31','',2260,'http://smartinsurance.tips/?p=2279',0,'revision','',0),(2262,1,'2022-04-02 22:57:33','2022-04-02 22:57:33','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><em>A list of your belongings will make filing an insurance claim much easier</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2261,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-8-1024x536.png\" alt=\"\" class=\"wp-image-2261\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"1\">In the event of a fire or other disaster, would you be able to remember all your possessions? Having an up-to-date home inventory will help you get your insurance claim settled faster, verify losses for your income tax return and help you purchase the correct amount of insurance. Here\'s how to create one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Start your home inventory now</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you\'re just setting up a household, starting a home inventory is relatively simple. If you’ve been living in the same house for many years, however, the task of creating a list can seem daunting—but it doesn’t have to be. Get started here.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Pick an easy spot to start </strong>– A contained area—like your small kitchen appliance cabinet, your sporting equipment closet or your handbag shelf—is a great place to get started.</li><li><strong>List recent purchases</strong> – Another way to start is with recent purchases—get into the inventory habit and then go back tackle your older possessions.</li><li><strong>Include the basic information </strong>– In general, describe each item you record, and note where you bought it, the make and model, what you paid and any other detail that might help in the event you need to make a claim.</li><li><strong>Count clothing by general category –</strong> For example, \"5 pairs of jeans, 3 pairs of sneakers…\" Make note of any items that are especially valuable.</li><li><strong>Record serial numbers – </strong>Usually found on the back or bottom of major appliances and electronic equipment, serial numbers are a useful reference.</li><li><strong>Check coverage on big ticket items – </strong>Jewelry, art and collectibles may have increased in value and may need special coverage separate from your standard homeowners insurance policy. While you\'re making your home inventory list, check with your agent to make sure you have adequate insurance for these items <em>before</em> there is a loss.</li><li><strong>Don\'t forget off-site items</strong> – Your belongings kept in a self-storage facility are covered by your homeowners insurance, too. Make sure you include them in your inventory.</li><li><strong>Keep proof of value</strong> – Store sales receipts, purchase contracts, and appraisals with your list.</li><li><strong>Don\'t get overwhelmed</strong> – Once you\'ve started your inventory, keep going even if you can\'t get it all done immediately. It\'s better to have an incomplete inventory than nothing at all.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2>&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Use technology to make your home inventory easier</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A simple pencil and paper will suffice, but technology can make creating a home inventory much easier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Take pictures –&nbsp;</strong>Create a photo record of your belongings. Capture important individual items as well as entire rooms, closets or drawers. Label your photos with what\'s pictured, where you bought it, the make or model—whatever information might be important to replacing and/or getting reimbursed for the item. Use your smartphone or digital camera—some give you the capability to put in the description of the item when saving the photo.</li><li><strong>Tape it&nbsp;</strong>– Walk through your house or apartment videotaping and describing the contents. For example, you might describe the contents of a kitchen cabinet: \"Poppies on Blue by Lenox, service for 12 that includes a dinner plate, salad plate, bowl, cup and saucer. Purchased in 2015.\"</li><li><strong>Use an app –&nbsp;</strong>There are many mobile app options that can help you create and store a room-by-room record of your belongings.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Keep your home inventory up-to-date and safely stored</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Your home inventory is only useful if it\'s accurate and you can access it to provide information to your insurance company in case of fire, theft or other destructive disaster. Regardless of the medium you\'ve used to create your list, keep it backed up and in a safe place.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Add significant new purchases to your list</strong> – Make it a habit to add the item information and receipts to your inventory while the details are fresh in your mind.</li><li><strong>Store a copy of your paper inventory outside the home</strong> – Keep it—along with applicable receipts and appraisals—in a safe deposit box or at a friend\'s or relative\'s home. Make at least one backup copy of your inventory document and store it separately. An easy way to make digital backup copies of your paper list is to take pictures of it on your smartphone.</li><li><strong>Backup digital files</strong> – Keep a copy on an external drive or online storage account.</li><li><strong>Understand your app</strong> – Be sure the information you input is backed up by the app developer and that you know how to access information when you need it.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.iii.org/article/how-create-home-inventory\">click here.</a></p>\n<!-- /wp:paragraph -->','How to create a home inventory','','inherit','closed','closed','','2260-revision-v1','','','2022-04-02 22:57:33','2022-04-02 22:57:33','',2260,'http://smartinsurance.tips/?p=2262',0,'revision','',0),(2263,1,'2022-04-02 23:10:34','2022-04-02 23:10:34','<!-- wp:image {\"id\":2427,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-9-1024x536.png\" alt=\"\" class=\"wp-image-2427\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0\">There are certain types of&nbsp;insurance&nbsp;most people need to have. For example, if you own a home then homeowner\'s insurance may be standard. Auto insurance covers your vehicle while life insurance protects you and your loved ones in a worst-case scenario.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-2\">When your insurer gives you the policy document, it\'s important to read through it carefully to make sure you understand it. Your&nbsp;insurance advisor&nbsp;is always there for you to help you with the tricky terms in the insurance forms, but you should also know for yourself what your contract says. In this article, we\'ll make reading your insurance contract easy, so you understand their basic principles and how they are put to use in daily life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Life insurance contracts spell out the terms of your policy, including what\'s covered and what\'s not as well as what you\'ll pay.</li><li>A life insurance contract can contain terminology and jargon that you may not be immediately familiar with.</li><li>It\'s important to read through an insurance contract carefully before signing so you understand what you\'re agreeing to.</li><li>You should also review the contract to check for any errors that may affect your coverage or costs.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">Insurance Contract Essentials</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-7\">When reviewing an insurance contract, there are certain things included that are typically universal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-9\" class=\"has-black-color has-text-color has-medium-font-size\"><li><em>Offer and Acceptance.&nbsp;</em>When applying for insurance, the first thing you do is get the proposal form of a particular insurance company. After filling in the requested details, you send the form to the company (sometimes with a&nbsp;premium&nbsp;check). This is your offer. If the insurance company agrees to insure you, this is called&nbsp;acceptance. In some cases, your insurer may agree to accept your offer after making some changes to your proposed terms.</li><li><em>Consideration.&nbsp;</em>This is the premium or the future premiums that you have to pay to your insurance company. For insurers, consideration also refers to the money paid out to you should you file an&nbsp;insurance claim. This means that each party to the contract must provide some value to the relationship.</li><li><em>Legal Capacity.&nbsp;</em>You need to be legally competent to enter into an agreement with your insurer. If you are a minor or are mentally ill, for example, then you may not be qualified to make contracts. Similarly, insurers are considered to be competent if they are licensed under the prevailing regulations that govern them.</li><li><em>Legal Purpose.</em>&nbsp;If the purpose of your contract is to encourage illegal activities, it is invalid.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Important:</strong> You may not want to sign an insurance contract if you don\'t fully understand the terms without first consulting an insurance expert.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-13\">Contract Values</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-14\">This section of an insurance contract specifies what the insurance company may pay out to you for an eligible claim, as well as what you may pay to the insurer for a deductible. How these sections of an insurance contract are structured often depends on whether you have an indemnity or non-indemnity policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Indemnity Contracts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-17\">Most insurance contracts are&nbsp;indemnity contracts. Indemnity contracts apply to insurances where the loss suffered can be measured in terms of money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-19\" class=\"has-black-color has-text-color has-medium-font-size\"><li><em>Principle of Indemnity.&nbsp;</em>This states that insurers pay no more than the&nbsp;actual loss&nbsp;suffered. The purpose of an insurance contract is to leave you in the same financial position you were in immediately prior to the incident leading to an insurance claim. When your old Chevy Cavalier is stolen, you can\'t expect your insurer to replace it with a brand new Mercedes-Benz. In other words, you will be&nbsp;remunerated&nbsp;according to the total sum you have&nbsp;assured&nbsp;for the car.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-23\">There are some additional factors of your insurance contract that create situations in which the&nbsp;full value&nbsp;of an insured asset is not remunerated.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-25\" class=\"has-black-color has-text-color has-medium-font-size\"><li><em>Under-Insurance.&nbsp;</em>Often, in order to save on premiums, you may insure your house at $80,000 when the total value of the house actually comes to $100,000. At the time of partial loss, your insurer will pay only a proportion of $80,000 while you have to dig into your savings to cover the remaining portion of the loss. This is called&nbsp;under-insurance, and you should try to avoid it as much as possible.</li><li><em>Excess.&nbsp;</em>To avoid trivial claims, the insurers have introduced provisions like excess. For example, you have&nbsp;auto insurance&nbsp;with the applicable excess of $5,000. Unfortunately, your car had an accident with the loss amounting to $7,000. Your insurer will pay you the $7,000 because the loss has exceeded the specified limit of $5,000. But, if the loss comes to $3,000 then the insurance company will not pay a single penny and you have to bear the loss expenses yourself. In short, the insurers will not entertain claims unless and until your losses exceed a minimum amount set by the insurer.</li><li><em>Deductible.&nbsp;</em>This is the amount you pay in&nbsp;out-of-pocket expenses&nbsp;before your insurer covers the remaining expense. Therefore, if the deductible is $5,000 and the total insured loss comes to $15,000, your insurance company will only pay $10,000. The higher the deductible, the lower the premium and vice versa.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">Non-Indemnity Contracts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-28\">Life insurance&nbsp;contracts and most personal accident insurance contracts are non-indemnity contracts. You may purchase a life insurance policy of $1 million, but that does not imply that your life\'s value is equal to this dollar amount. Because you can\'t calculate your life\'s&nbsp;net worth&nbsp;and fix a price on it, an indemnity contract does not apply.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-30\">A life insurance contract typically includes the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-32\" class=\"has-black-color has-text-color has-medium-font-size\"><li><em>Declarations page:&nbsp;</em>This is often the first page of a life insurance policy and it includes the policy owner\'s name, the policy type and number, issue date, effective date, premium class or rate class and any riders you\'ve chosen to add on. If you purchased a term life policy, the declarations page should also specify the length of the coverage term.</li><li><em>Policy terms and definitions:&nbsp;</em>You may see a separate section in your life insurance contract that breaks down terms and definitions, including death benefit, premium, beneficiary and insurance age. Your insurance age may be your actual age or the nearest age assigned to you by the life insurance company.</li><li><em>Coverage details:&nbsp;</em>The coverage details section of a life insurance contract provides in-depth information about your policy, including how much you\'ll pay for premiums, when those payments are due, penalties for missing payments and who your policy\'s death benefits should be paid out to. For example, you may have just one&nbsp;primary beneficiary&nbsp;or a primary beneficiary with several&nbsp;contingent beneficiaries.</li><li><em>Additional policy details:&nbsp;</em>There may be a separate section in your life insurance contract that covers riders if you\'ve chosen to add any on.&nbsp;Riders&nbsp;expand your policy\'s coverage.&nbsp;Common life insurance riders&nbsp;include accelerated death benefit riders, long-term care riders and critical illness riders. These add-ons allow you to tap into your death benefit while still living if you need money to cover expenses related to a terminal illness.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-34\">When you\'ve determined that life insurance is something you need, it\'s important to compare the options carefully. For example, you may lean toward&nbsp;term life insurance&nbsp;versus&nbsp;permanent life insurance&nbsp;if you don\'t need lifetime coverage. Or you may prefer permanent coverage if you\'re treating life insurance like an investment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tip: Using a&nbsp;life insurance calculator&nbsp;can help you determine what type and what amount of coverage you need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-42\">Insurable Interest</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-43\">It is your legal right to insure any type of property or&nbsp;any event that may cause financial loss&nbsp;or create legal&nbsp;liability&nbsp;for you. This is called&nbsp;insurable interest.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-45\">Suppose you are living in your uncle\'s house, and you apply for&nbsp;homeowners insurance&nbsp;because you believe that you may inherit the house later. Insurers will decline your offer because you are not the owner of the house and, therefore, you do not stand to suffer financially in the event of a loss. When it comes to insurance, it is not the house, car or machinery that is insured. Rather, it is the monetary interest in that house, car or machinery to which your policy applies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-47\">It is also the principle of insurable interest that allows married couples to take out insurance policies on each other\'s lives, on the principle that one may suffer financially if the spouse dies. Insurable interest also exists in some business arrangements, as seen between a&nbsp;creditor&nbsp;and&nbsp;debtor, between business partners or between employers and employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tip: In life insurance contracts, someone with an insurable interest can include your spouse, your children or grandchildren, a special needs adult who is also a dependent or aging parents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-51\">Principle of Subrogation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-52\">Subrogation&nbsp;allows an insurer to sue a&nbsp;third party&nbsp;that has caused a loss to the insured and pursues all methods of getting back some of the money that it has paid to the insured as a result of the loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-54\">For example, if you are injured in a road accident that is caused by the reckless driving of another party, you will be compensated by your insurer. However, your insurance company may also sue the reckless driver in an attempt to recover that money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-56\">The Doctrine of Good Faith</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-57\">All insurance contracts are based on the concept of&nbsp;<em>uberrima fides,</em>&nbsp;or the&nbsp;doctrine of utmost good faith. This doctrine emphasizes the presence of mutual faith between the insured and the insurer. In simple terms, while applying for insurance, it becomes&nbsp;your duty to disclose your relevant facts&nbsp;and information truthfully to the insurer. Likewise, the insurer cannot hide information about the&nbsp;insurance coverage&nbsp;that is being sold.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-59\" class=\"has-black-color has-text-color has-medium-font-size\"><li><em>Duty of&nbsp;Disclosure.</em>&nbsp;You are legally obliged to reveal all information that would influence the insurer\'s decision to enter into the insurance contract. Factors that increase the risks<em>—</em>previous losses and claims under other policies, insurance coverage that has been declined to you in the past, the existence of other insurance contracts, full facts and descriptions regarding the&nbsp;property&nbsp;or the event to be insured<em>—</em>must be disclosed. These facts are called material facts. Depending on these material facts, your insurer will decide whether to insure you as well as what premium to charge. For instance, in life insurance, your smoking habit is an important material fact for the insurer. As a result, your insurance company may decide to charge a significantly higher premium as a result of your smoking habits.</li><li><em>Representations and Warranty.</em>&nbsp;In most kinds of insurances, you have to sign a declaration at the end of the application form, which states that the given answers to the questions in the application form and other personal statements and questionnaires are true and complete. Therefore, when applying for fire insurance, for example, you should make sure that the information that you provide regarding the type of construction of your building or the nature of its use is technically correct.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-61\">Depending on their nature, these statements may either be representations or warranties.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-63\">A) Representations: These are the written statements made by you on your application form, which represent the proposed risk to the insurance company. For instance, on a life insurance application form, information about your age, details of family history, occupation, etc. are the representations that should be true in every respect. Breach of representations occurs only when you give false information (for example, your age) in important statements. However, the contract may or may not be void depending on the type of the misrepresentation that occurs</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-65\">B) Warranties: Warranties in insurance contracts are different from those of ordinary commercial contracts. They are imposed by the insurer to ensure that the risk remains the same throughout the policy and does not increase. For example, in auto insurance, if you lend your car to a friend who doesn\'t have a license and that friend is involved in an accident, your insurer may consider it a breach of warranty because it wasn\'t informed about this alteration. As a result, your claim could be rejected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-67\">As we\'ve already mentioned, insurance works on the principle of mutual trust. It is your responsibility to disclose all the relevant facts to your insurer. Normally, a breach of the principle of utmost good faith arises when you, whether deliberately or accidentally, fail to divulge these important facts. There are two kinds of non-disclosure:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-69\" class=\"has-black-color has-text-color has-medium-font-size\"><li>Innocent non-disclosure relates to failing to supply the information you didn\'t know about</li><li>Deliberate non-disclosure means providing incorrect material information intentionally</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-71\">For example, suppose that you are unaware that your grandfather died from cancer and, therefore, you did not disclose this material fact in the family history questionnaire when applying for life insurance; this is innocent non-disclosure. However, if you knew about this material fact and purposely held it back from the insurer, you are guilty of fraudulent non-disclosure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-73\">When you supply inaccurate information with the intention to deceive, your insurance contract becomes void.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-75\" class=\"has-black-color has-text-color has-medium-font-size\"><li>If this deliberate breach was discovered at the time of the claim, your insurance company will not pay the claim.</li><li>If the insurer considers the breach as innocent but significant to the risk, it may choose to punish you by collecting additional premiums.</li><li>In case of an innocent breach that is irrelevant to the risk, the insurer may decide to ignore the breach as if it had never occurred.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-77\">Other Policy Aspects</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-78\"><em>The Doctrine of Adhesion.</em>&nbsp;The&nbsp;doctrine of adhesion&nbsp;states that you must accept the entire insurance contract and all of its terms and conditions without bargaining. Because the insured has no opportunity to change the terms, any ambiguities in the contract will be interpreted in their favor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-80\"><em>Principle of Waiver and Estoppel</em>. A&nbsp;waiver&nbsp;is a voluntary surrender of a known right.&nbsp;Estoppel&nbsp;prevents a person from asserting those rights because they have acted in such a way as to deny interest in preserving those rights. Presume that you fail to disclose some information in the insurance proposal form. Your insurer doesn\'t request that information and issues the insurance policy. This is a waiver. In the future, when a claim arises, your insurer cannot question the contract on the basis of non-disclosure. This is estoppel. For this reason, your insurer will have to pay the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-82\"><em>Endorsements</em>&nbsp;are normally used when the terms of insurance contracts are to be altered. They could also be issued to add specific conditions to the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-84\"><em>Co-insurance</em>&nbsp;refers to the sharing of insurance by two or more insurance companies in an agreed proportion. For the insurance of a large shopping mall, for example, the risk is very high. Therefore, the insurance company may choose to involve two or more insurers to share the risk. Coinsurance can also exist between you and your insurance company. This provision is quite popular in medical insurance, in which you and the insurance company decide to share the covered costs in the ratio of 20:80. Therefore, during the claim, your insurer will pay 80% of the covered loss while you shell out the remaining 20%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-86\"><em>Reinsurance</em>&nbsp;occurs when your insurer \"sells\" some of your coverage to another insurance company. Suppose you are a famous rock star and you want your voice to be insured for $50 million. Your offer is accepted by the Insurance Company A. However, Insurance Company A is unable to retain the entire risk, so it passes part of this risk<em>—</em>let\'s say $40 million<em>—</em>to Insurance Company B. Should you lose your singing voice, you will receive $50 million from insurer A ($10 million + $40 million) with insurer B contributing the reinsured amount ($40 million) to insurer A. This practice is known as reinsurance. Generally, reinsurance is practiced to a much greater extent by general insurers than life insurers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-88\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-89\">When applying for insurance, you will find a huge range of insurance products available in the market. If you have an insurance advisor or broker, they can shop around and make sure that you are getting adequate insurance coverage for your money. Even so, a little understanding of insurance contracts can go a long way in making sure that your advisor\'s recommendations are on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-91\">Furthermore, there may be times when your claim is canceled because you didn\'t pay attention to certain information requested by your insurance company. In this case, a lack of knowledge and carelessness can cost you a lot. Go through your insurer\'s policy features instead of signing them without delving into the fine print. If you understand what you\'re reading, you\'ll be able to ensure that the insurance product that you are signing up for will cover you when you need it most.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/articles/pf/06/insurancecontracts.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Easily Understand Your Insurance Contract?','','publish','open','open','','how-to-easily-understand-your-insurance-contract','','','2022-04-26 15:03:51','2022-04-26 15:03:51','',0,'http://smartinsurance.tips/?p=2263',0,'post','',0),(2264,1,'2022-04-02 22:59:31','2022-04-02 22:59:31','','PC-insurance-9','','inherit','open','closed','','pc-insurance-9','','','2022-04-02 22:59:31','2022-04-02 22:59:31','',2263,'http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-9.png',0,'attachment','image/png',0),(2265,1,'2022-04-02 23:10:34','2022-04-02 23:10:34','<!-- wp:image {\"id\":2264,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-9-1024x536.png\" alt=\"\" class=\"wp-image-2264\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0\">There are certain types of insurance most people need to have. For example, if you own a home then homeowner\'s insurance may be standard. Auto insurance covers your vehicle while life insurance protects you and your loved ones in a worst-case scenario.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-2\">When your insurer gives you the policy document, it\'s important to read through it carefully to make sure you understand it. Your insurance advisor is always there for you to help you with the tricky terms in the insurance forms, but you should also know for yourself what your contract says. In this article, we\'ll make reading your insurance contract easy, so you understand their basic principles and how they are put to use in daily life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Life insurance contracts spell out the terms of your policy, including what\'s covered and what\'s not as well as what you\'ll pay.</li><li>A life insurance contract can contain terminology and jargon that you may not be immediately familiar with.</li><li>It\'s important to read through an insurance contract carefully before signing so you understand what you\'re agreeing to.</li><li>You should also review the contract to check for any errors that may affect your coverage or costs.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">Insurance Contract Essentials</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-7\">When reviewing an insurance contract, there are certain things included that are typically universal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-9\" class=\"has-black-color has-text-color has-medium-font-size\"><li><em>Offer and Acceptance. </em>When applying for insurance, the first thing you do is get the proposal form of a particular insurance company. After filling in the requested details, you send the form to the company (sometimes with a premium check). This is your offer. If the insurance company agrees to insure you, this is called acceptance. In some cases, your insurer may agree to accept your offer after making some changes to your proposed terms.</li><li><em>Consideration. </em>This is the premium or the future premiums that you have to pay to your insurance company. For insurers, consideration also refers to the money paid out to you should you file an insurance claim. This means that each party to the contract must provide some value to the relationship.</li><li><em>Legal Capacity. </em>You need to be legally competent to enter into an agreement with your insurer. If you are a minor or are mentally ill, for example, then you may not be qualified to make contracts. Similarly, insurers are considered to be competent if they are licensed under the prevailing regulations that govern them.</li><li><em>Legal Purpose.</em> If the purpose of your contract is to encourage illegal activities, it is invalid.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Important:</strong> You may not want to sign an insurance contract if you don\'t fully understand the terms without first consulting an insurance expert.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-13\">Contract Values</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-14\">This section of an insurance contract specifies what the insurance company may pay out to you for an eligible claim, as well as what you may pay to the insurer for a deductible. How these sections of an insurance contract are structured often depends on whether you have an indemnity or non-indemnity policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Indemnity Contracts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-17\">Most insurance contracts are indemnity contracts. Indemnity contracts apply to insurances where the loss suffered can be measured in terms of money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-19\" class=\"has-black-color has-text-color has-medium-font-size\"><li><em>Principle of Indemnity. </em>This states that insurers pay no more than the actual loss suffered. The purpose of an insurance contract is to leave you in the same financial position you were in immediately prior to the incident leading to an insurance claim. When your old Chevy Cavalier is stolen, you can\'t expect your insurer to replace it with a brand new Mercedes-Benz. In other words, you will be remunerated according to the total sum you have assured for the car.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-23\">There are some additional factors of your insurance contract that create situations in which the full value of an insured asset is not remunerated.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-25\" class=\"has-black-color has-text-color has-medium-font-size\"><li><em>Under-Insurance. </em>Often, in order to save on premiums, you may insure your house at $80,000 when the total value of the house actually comes to $100,000. At the time of partial loss, your insurer will pay only a proportion of $80,000 while you have to dig into your savings to cover the remaining portion of the loss. This is called under-insurance, and you should try to avoid it as much as possible.</li><li><em>Excess. </em>To avoid trivial claims, the insurers have introduced provisions like excess. For example, you have auto insurance with the applicable excess of $5,000. Unfortunately, your car had an accident with the loss amounting to $7,000. Your insurer will pay you the $7,000 because the loss has exceeded the specified limit of $5,000. But, if the loss comes to $3,000 then the insurance company will not pay a single penny and you have to bear the loss expenses yourself. In short, the insurers will not entertain claims unless and until your losses exceed a minimum amount set by the insurer.</li><li><em>Deductible. </em>This is the amount you pay in out-of-pocket expenses before your insurer covers the remaining expense. Therefore, if the deductible is $5,000 and the total insured loss comes to $15,000, your insurance company will only pay $10,000. The higher the deductible, the lower the premium and vice versa.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">Non-Indemnity Contracts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-28\">Life insurance contracts and most personal accident insurance contracts are non-indemnity contracts. You may purchase a life insurance policy of $1 million, but that does not imply that your life\'s value is equal to this dollar amount. Because you can\'t calculate your life\'s net worth and fix a price on it, an indemnity contract does not apply.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-30\">A life insurance contract typically includes the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-32\" class=\"has-black-color has-text-color has-medium-font-size\"><li><em>Declarations page: </em>This is often the first page of a life insurance policy and it includes the policy owner\'s name, the policy type and number, issue date, effective date, premium class or rate class and any riders you\'ve chosen to add on. If you purchased a term life policy, the declarations page should also specify the length of the coverage term.</li><li><em>Policy terms and definitions: </em>You may see a separate section in your life insurance contract that breaks down terms and definitions, including death benefit, premium, beneficiary and insurance age. Your insurance age may be your actual age or the nearest age assigned to you by the life insurance company.</li><li><em>Coverage details: </em>The coverage details section of a life insurance contract provides in-depth information about your policy, including how much you\'ll pay for premiums, when those payments are due, penalties for missing payments and who your policy\'s death benefits should be paid out to. For example, you may have just one primary beneficiary or a primary beneficiary with several contingent beneficiaries.</li><li><em>Additional policy details: </em>There may be a separate section in your life insurance contract that covers riders if you\'ve chosen to add any on. Riders expand your policy\'s coverage. Common life insurance riders include accelerated death benefit riders, long-term care riders and critical illness riders. These add-ons allow you to tap into your death benefit while still living if you need money to cover expenses related to a terminal illness.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-34\">When you\'ve determined that life insurance is something you need, it\'s important to compare the options carefully. For example, you may lean toward term life insurance versus permanent life insurance if you don\'t need lifetime coverage. Or you may prefer permanent coverage if you\'re treating life insurance like an investment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-36\">In either scenario, it\'s important to shop around to find the best life insurance companies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tip: Using a life insurance calculator can help you determine what type and what amount of coverage you need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-42\">Insurable Interest</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-43\">It is your legal right to insure any type of property or any event that may cause financial loss or create legal liability for you. This is called insurable interest.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-45\">Suppose you are living in your uncle\'s house, and you apply for homeowners insurance because you believe that you may inherit the house later. Insurers will decline your offer because you are not the owner of the house and, therefore, you do not stand to suffer financially in the event of a loss. When it comes to insurance, it is not the house, car or machinery that is insured. Rather, it is the monetary interest in that house, car or machinery to which your policy applies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-47\">It is also the principle of insurable interest that allows married couples to take out insurance policies on each other\'s lives, on the principle that one may suffer financially if the spouse dies. Insurable interest also exists in some business arrangements, as seen between a creditor and debtor, between business partners or between employers and employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tip: In life insurance contracts, someone with an insurable interest can include your spouse, your children or grandchildren, a special needs adult who is also a dependent or aging parents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-51\">Principle of Subrogation</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-52\">Subrogation allows an insurer to sue a third party that has caused a loss to the insured and pursues all methods of getting back some of the money that it has paid to the insured as a result of the loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-54\">For example, if you are injured in a road accident that is caused by the reckless driving of another party, you will be compensated by your insurer. However, your insurance company may also sue the reckless driver in an attempt to recover that money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-56\">The Doctrine of Good Faith</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-57\">All insurance contracts are based on the concept of <em>uberrima fides,</em> or the doctrine of utmost good faith. This doctrine emphasizes the presence of mutual faith between the insured and the insurer. In simple terms, while applying for insurance, it becomes your duty to disclose your relevant facts and information truthfully to the insurer. Likewise, the insurer cannot hide information about the insurance coverage that is being sold.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-59\" class=\"has-black-color has-text-color has-medium-font-size\"><li><em>Duty of Disclosure.</em> You are legally obliged to reveal all information that would influence the insurer\'s decision to enter into the insurance contract. Factors that increase the risks<em>—</em>previous losses and claims under other policies, insurance coverage that has been declined to you in the past, the existence of other insurance contracts, full facts and descriptions regarding the property or the event to be insured<em>—</em>must be disclosed. These facts are called material facts. Depending on these material facts, your insurer will decide whether to insure you as well as what premium to charge. For instance, in life insurance, your smoking habit is an important material fact for the insurer. As a result, your insurance company may decide to charge a significantly higher premium as a result of your smoking habits.</li><li><em>Representations and Warranty.</em> In most kinds of insurances, you have to sign a declaration at the end of the application form, which states that the given answers to the questions in the application form and other personal statements and questionnaires are true and complete. Therefore, when applying for fire insurance, for example, you should make sure that the information that you provide regarding the type of construction of your building or the nature of its use is technically correct.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-61\">Depending on their nature, these statements may either be representations or warranties.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-63\">A) Representations: These are the written statements made by you on your application form, which represent the proposed risk to the insurance company. For instance, on a life insurance application form, information about your age, details of family history, occupation, etc. are the representations that should be true in every respect. Breach of representations occurs only when you give false information (for example, your age) in important statements. However, the contract may or may not be void depending on the type of the misrepresentation that occurs</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-65\">B) Warranties: Warranties in insurance contracts are different from those of ordinary commercial contracts. They are imposed by the insurer to ensure that the risk remains the same throughout the policy and does not increase. For example, in auto insurance, if you lend your car to a friend who doesn\'t have a license and that friend is involved in an accident, your insurer may consider it a breach of warranty because it wasn\'t informed about this alteration. As a result, your claim could be rejected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-67\">As we\'ve already mentioned, insurance works on the principle of mutual trust. It is your responsibility to disclose all the relevant facts to your insurer. Normally, a breach of the principle of utmost good faith arises when you, whether deliberately or accidentally, fail to divulge these important facts. There are two kinds of non-disclosure:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-69\" class=\"has-black-color has-text-color has-medium-font-size\"><li>Innocent non-disclosure relates to failing to supply the information you didn\'t know about</li><li>Deliberate non-disclosure means providing incorrect material information intentionally</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-71\">For example, suppose that you are unaware that your grandfather died from cancer and, therefore, you did not disclose this material fact in the family history questionnaire when applying for life insurance; this is innocent non-disclosure. However, if you knew about this material fact and purposely held it back from the insurer, you are guilty of fraudulent non-disclosure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-73\">When you supply inaccurate information with the intention to deceive, your insurance contract becomes void.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul id=\"mntl-sc-block_1-0-75\" class=\"has-black-color has-text-color has-medium-font-size\"><li>If this deliberate breach was discovered at the time of the claim, your insurance company will not pay the claim.</li><li>If the insurer considers the breach as innocent but significant to the risk, it may choose to punish you by collecting additional premiums.</li><li>In case of an innocent breach that is irrelevant to the risk, the insurer may decide to ignore the breach as if it had never occurred.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-77\">Other Policy Aspects</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-78\"><em>The Doctrine of Adhesion.</em> The doctrine of adhesion states that you must accept the entire insurance contract and all of its terms and conditions without bargaining. Because the insured has no opportunity to change the terms, any ambiguities in the contract will be interpreted in their favor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-80\"><em>Principle of Waiver and Estoppel</em>. A waiver is a voluntary surrender of a known right. Estoppel prevents a person from asserting those rights because they have acted in such a way as to deny interest in preserving those rights. Presume that you fail to disclose some information in the insurance proposal form. Your insurer doesn\'t request that information and issues the insurance policy. This is a waiver. In the future, when a claim arises, your insurer cannot question the contract on the basis of non-disclosure. This is estoppel. For this reason, your insurer will have to pay the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-82\"><em>Endorsements</em> are normally used when the terms of insurance contracts are to be altered. They could also be issued to add specific conditions to the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-84\"><em>Co-insurance</em> refers to the sharing of insurance by two or more insurance companies in an agreed proportion. For the insurance of a large shopping mall, for example, the risk is very high. Therefore, the insurance company may choose to involve two or more insurers to share the risk. Coinsurance can also exist between you and your insurance company. This provision is quite popular in medical insurance, in which you and the insurance company decide to share the covered costs in the ratio of 20:80. Therefore, during the claim, your insurer will pay 80% of the covered loss while you shell out the remaining 20%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-86\"><em>Reinsurance</em> occurs when your insurer \"sells\" some of your coverage to another insurance company. Suppose you are a famous rock star and you want your voice to be insured for $50 million. Your offer is accepted by the Insurance Company A. However, Insurance Company A is unable to retain the entire risk, so it passes part of this risk<em>—</em>let\'s say $40 million<em>—</em>to Insurance Company B. Should you lose your singing voice, you will receive $50 million from insurer A ($10 million + $40 million) with insurer B contributing the reinsured amount ($40 million) to insurer A. This practice is known as reinsurance. Generally, reinsurance is practiced to a much greater extent by general insurers than life insurers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-88\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-89\">When applying for insurance, you will find a huge range of insurance products available in the market. If you have an insurance advisor or broker, they can shop around and make sure that you are getting adequate insurance coverage for your money. Even so, a little understanding of insurance contracts can go a long way in making sure that your advisor\'s recommendations are on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\" id=\"mntl-sc-block_1-0-91\">Furthermore, there may be times when your claim is canceled because you didn\'t pay attention to certain information requested by your insurance company. In this case, a lack of knowledge and carelessness can cost you a lot. Go through your insurer\'s policy features instead of signing them without delving into the fine print. If you understand what you\'re reading, you\'ll be able to ensure that the insurance product that you are signing up for will cover you when you need it most.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/pf/06/insurancecontracts.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Easily Understand Your Insurance Contract','','inherit','closed','closed','','2263-revision-v1','','','2022-04-02 23:10:34','2022-04-02 23:10:34','',2263,'http://smartinsurance.tips/?p=2265',0,'revision','',0),(2266,1,'2022-04-02 23:16:08','2022-04-02 23:16:08','<!-- wp:image {\"id\":2429,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-10-1024x536.png\" alt=\"\" class=\"wp-image-2429\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Are you struggling with how to reduce&nbsp;workers’ compensation&nbsp;costs for your business? If not, do you understand the sizeable risk that workers’ compensation claims pose to your business, and do you have a plan in place for when these claims arise?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">From a simple muscle strain to more serious, long-term ailments, on-the-job injuries are no joke. As a business owner, your preparedness for these situations can determine the fate of your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You’re probably well-aware of the direct costs you pay in workers’ compensation insurance premiums, but you may not have considered the&nbsp;indirect costs&nbsp;of on-the-job accidents and injuries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You may have to train replacement employees, adjust work schedules, investigate accidents and implement corrective measures. You may lose productivity, have to repair damaged equipment and property, and deal with lower employee morale and absenteeism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For an eye-opening look at just how much a workplace injury can cost your business, use the Occupational Safety &amp; Health Administration’s (OSHA)&nbsp;$afety Pays tool&nbsp;to calculate the direct and indirect costs to your business. You’ll see how much accidents and injuries, from a simple muscle strain to a more serious concussion, can set your company back.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">That’s why controlling workers’ compensations costs is so important to your bottom line. Here are three strategies to get you started:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">1. Set up a safety program</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Many injuries can be prevented before they occur.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Having a safety program helps you identify and eliminate workplace hazards that may cause accidents. The return-on-investment for such programs is well proven.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Various studies have shown that for every dollar invested in injury prevention, businesses see a $2 to $6 return, according to&nbsp;Safety and Health Magazine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This strong return may explain why many states, like California, require employers to have a written safety program.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Moreover, putting standards and procedures on paper shows that your company is committed to providing a&nbsp;safe work environment for employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How to set up a safety program?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Ready to start planning? The Occupational Safety and Health Administration offers many helpful tips and tools to kick off your health and safety plan. When drafting it, be sure to incorporate their&nbsp;seven core elements&nbsp;of recommended practices for health and safety programs:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ol class=\"has-black-color has-text-color has-medium-font-size\"><li>Management leadership: Make safety and health a core organizational value, establish safety and health goals and objectives and communicate them, provide adequate resources and support for the program and set a good example.</li><li>Worker participation: Involve workers and their representatives in all aspects of the program—including setting goals, identifying and reporting hazards, investigating incidents and tracking progress.</li><li>Hazard identification and assessment: Put procedures in place to continually identify workplace hazards and evaluate risks.</li><li>Hazard prevention and control: Cooperate with workers to identify and select methods for eliminating, preventing or controlling workplace hazards.</li><li>Education and training: Train all workers to understand how the program works and how to carry out the responsibilities assigned to them under the program.</li><li>Program evaluation and improvement: Establish processes to monitor program performance, verify program implementation and identify program shortcomings and opportunities for improvement.</li><li>Communication and coordination: Make a commitment to provide the same level of&nbsp;safety and health protection to all workers, and communicate hazards present at the worksite.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you’re starting from scratch and have a perceivably safe work environment, you can get some extra help designing your safety program from a variety of sources at different prices. Consider using:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>A third-party consultant – Independent workplace safety consultants typically charge about $100/hour.</li><li>An industry-specific template – Some online companies sell downloadable safety program templates designed for different industries for approximately $100-$150.</li><li>Your workers’ compensation insurance carrier – Many carriers provide fee-inclusive safety consultation services to their customers.</li><li>Occupational Safety &amp; Health Administration – OSHA’s&nbsp;On-site Consultation Program&nbsp;offers free and confidential advice to small and medium-sized businesses. Although these services are “separate from enforcement,” be prepared to commit to completing&nbsp;OSHA’s recommendations.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">And remember, a safety program has to be more than the document. Only the support of top management and proper on-the-ground training will put it into practice (and make a real difference in employee safety, as well as controlling your workers’ compensation costs).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Once you have an effective health and safety plan up and running, you can also apply to participate in&nbsp;OSHA’s Voluntary Protection Programs (VPP).&nbsp;VPP officially recognizes employers and employees who have achieved exemplary occupational health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In the program, management, labor and OSHA work cooperatively and proactively to prevent workplace fatalities, injuries and illnesses through a system focused on hazard prevention and control.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">VPP participants undergo a rigorous onsite evaluation by a team of safety and health professionals and are re-evaluated every 3 to 5 years to remain in the programs. VPP participants are exempt from OSHA programmed inspections while they maintain their VPP status. OSHA also offers several other&nbsp;cooperative programs&nbsp;aimed at preventing workplace injuries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">2. Build a return-to-work program</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Even with a sound safety program, accidents can still occur. When they do, a return-to-work program can create a direct cost benefit to the workers’ compensation claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It’s often the case that the longer a workers’ compensation claim stays open, the more expensive the claim. For example, when injured employees return to work later, the claim must cover more replacement income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The goal of a return-to-work program is to proactively help injured employees get back to work as soon as possible, even if it’s on a modified basis as they recover. This could include allowing an employee to work part-time or light-duty hours, coordinated in conjunction with the employee’s medical provider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">An active return-to-work program can also have indirect cost benefits. It can help you maintain workplace ties with injured employees and avoid the alienation that can occur on both sides during a prolonged absence. And an early return-to-work lowers the chance that the employee will never return.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">3. Join a PEO</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Finally, joining a&nbsp;professional employer organization (PEO)&nbsp;can help manage workers’ compensation costs and claims, while also helping you navigate the safety challenges in your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A PEO can help you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Choose workers’ compensation plan coverage. A PEO can cut the its workers’ compensation premiums by negotiating competitive programs with insurance providers</li><li>Evaluate the safety of your workplace and design a safety program that helps prevent injuries</li><li>Resolve claims efficiently when they occur</li><li>Manage relations with injured employees</li><li>Implement a return-to-work program that&nbsp;increases employee morale&nbsp;and reduces the length and cost of workers’ comp claims</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Bundled together, these efforts can make a big difference on workers’ compensation and the added, indirect costs of workplace injury. A good PEO’s safety services can go a long way toward fostering a high-return “culture of safety” at your organization.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.insperity.com/blog/workers-compensation-insurance-cost/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to reduce workers’ compensation costs? - 3 proven strategies','','publish','open','open','','how-to-reduce-workers-compensation-costs-3-proven-strategies','','','2022-04-26 15:04:48','2022-04-26 15:04:48','',0,'http://smartinsurance.tips/?p=2266',0,'post','',0),(2267,1,'2022-04-02 23:11:54','2022-04-02 23:11:54','','PC-insurance-10','','inherit','open','closed','','pc-insurance-10','','','2022-04-02 23:11:54','2022-04-02 23:11:54','',2266,'http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-10.png',0,'attachment','image/png',0),(2268,1,'2022-04-02 23:16:08','2022-04-02 23:16:08','<!-- wp:image {\"id\":2267,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/PC-insurance-10-1024x536.png\" alt=\"\" class=\"wp-image-2267\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Are you struggling with how to reduce workers’ compensation costs for your business? If not, do you understand the sizeable risk that workers’ compensation claims pose to your business, and do you have a plan in place for when these claims arise?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">From a simple muscle strain to more serious, long-term ailments, on-the-job injuries are no joke. As a business owner, your preparedness for these situations can determine the fate of your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You’re probably well-aware of the direct costs you pay in workers’ compensation insurance premiums, but you may not have considered the indirect costs of on-the-job accidents and injuries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">You may have to train replacement employees, adjust work schedules, investigate accidents and implement corrective measures. You may lose productivity, have to repair damaged equipment and property, and deal with lower employee morale and absenteeism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For an eye-opening look at just how much a workplace injury can cost your business, use the Occupational Safety &amp; Health Administration’s (OSHA) $afety Pays tool to calculate the direct and indirect costs to your business. You’ll see how much accidents and injuries, from a simple muscle strain to a more serious concussion, can set your company back.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">That’s why controlling workers’ compensations costs is so important to your bottom line. Here are three strategies to get you started:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">1. Set up a safety program</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Many injuries can be prevented before they occur.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Having a safety program helps you identify and eliminate workplace hazards that may cause accidents. The return-on-investment for such programs is well proven.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Various studies have shown that for every dollar invested in injury prevention, businesses see a $2 to $6 return, according to Safety and Health Magazine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This strong return may explain why many states, like California, require employers to have a written safety program.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Moreover, putting standards and procedures on paper shows that your company is committed to providing a&nbsp;safe work environment for employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How to set up a safety program</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Ready to start planning? The Occupational Safety and Health Administration offers many helpful tips and tools to kick off your health and safety plan. When drafting it, be sure to incorporate their seven core elements of recommended practices for health and safety programs:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ol class=\"has-black-color has-text-color has-medium-font-size\"><li>Management leadership: Make safety and health a core organizational value, establish safety and health goals and objectives and communicate them, provide adequate resources and support for the program and set a good example.</li><li>Worker participation: Involve workers and their representatives in all aspects of the program—including setting goals, identifying and reporting hazards, investigating incidents and tracking progress.</li><li>Hazard identification and assessment: Put procedures in place to continually identify workplace hazards and evaluate risks.</li><li>Hazard prevention and control: Cooperate with workers to identify and select methods for eliminating, preventing or controlling workplace hazards.</li><li>Education and training: Train all workers to understand how the program works and how to carry out the responsibilities assigned to them under the program.</li><li>Program evaluation and improvement: Establish processes to monitor program performance, verify program implementation and identify program shortcomings and opportunities for improvement.</li><li>Communication and coordination: Make a commitment to provide the same level of safety and health protection to all workers, and communicate hazards present at the worksite.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">If you’re starting from scratch and have a perceivably safe work environment, you can get some extra help designing your safety program from a variety of sources at different prices. Consider using:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>A third-party consultant – Independent workplace safety consultants typically charge about $100/hour.</li><li>An industry-specific template – Some online companies sell downloadable safety program templates designed for different industries for approximately $100-$150.</li><li>Your workers’ compensation insurance carrier – Many carriers provide fee-inclusive safety consultation services to their customers.</li><li>Occupational Safety &amp; Health Administration – OSHA’s On-site Consultation Program offers free and confidential advice to small and medium-sized businesses. Although these services are “separate from enforcement,” be prepared to commit to completing OSHA’s recommendations.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">And remember, a safety program has to be more than the document. Only the support of top management and proper on-the-ground training will put it into practice (and make a real difference in employee safety, as well as controlling your workers’ compensation costs).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Once you have an effective health and safety plan up and running, you can also apply to participate in OSHA’s Voluntary Protection Programs (VPP). VPP officially recognizes employers and employees who have achieved exemplary occupational health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In the program, management, labor and OSHA work cooperatively and proactively to prevent workplace fatalities, injuries and illnesses through a system focused on hazard prevention and control.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">VPP participants undergo a rigorous onsite evaluation by a team of safety and health professionals and are re-evaluated every 3 to 5 years to remain in the programs. VPP participants are exempt from OSHA programmed inspections while they maintain their VPP status. OSHA also offers several other cooperative programs aimed at preventing workplace injuries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">2. Build a return-to-work program</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Even with a sound safety program, accidents can still occur. When they do, a return-to-work program can create a direct cost benefit to the workers’ compensation claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">It’s often the case that the longer a workers’ compensation claim stays open, the more expensive the claim. For example, when injured employees return to work later, the claim must cover more replacement income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The goal of a return-to-work program is to proactively help injured employees get back to work as soon as possible, even if it’s on a modified basis as they recover. This could include allowing an employee to work part-time or light-duty hours, coordinated in conjunction with the employee’s medical provider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">An active return-to-work program can also have indirect cost benefits. It can help you maintain workplace ties with injured employees and avoid the alienation that can occur on both sides during a prolonged absence. And an early return-to-work lowers the chance that the employee will never return.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">3. Join a PEO</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Finally, joining a professional employer organization (PEO) can help manage workers’ compensation costs and claims, while also helping you navigate the safety challenges in your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">A PEO can help you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Choose workers’ compensation plan coverage. A PEO can cut the its workers’ compensation premiums by negotiating competitive programs with insurance providers</li><li>Evaluate the safety of your workplace and design a safety program that helps prevent injuries</li><li>Resolve claims efficiently when they occur</li><li>Manage relations with injured employees</li><li>Implement a return-to-work program that increases employee morale and reduces the length and cost of workers’ comp claims</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Bundled together, these efforts can make a big difference on workers’ compensation and the added, indirect costs of workplace injury. A good PEO’s safety services can go a long way toward fostering a high-return “culture of safety” at your organization.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.insperity.com/blog/workers-compensation-insurance-cost/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to reduce workers’ compensation costs: 3 proven strategies','','inherit','closed','closed','','2266-revision-v1','','','2022-04-02 23:16:08','2022-04-02 23:16:08','',2266,'http://smartinsurance.tips/?p=2268',0,'revision','',0),(2285,1,'2022-04-05 20:50:11','2022-04-05 20:50:11','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Internet fraud is alive and well, and it’s costing victims thousands of dollars. In fact, the FBI’s Internet Crime Compliant Center (IC3) received a record&nbsp;791,790 complaints of online fraud in 2020, with $4.1 billion in reported losses—that’s an average of over 2,100 per day at around $5,000 per person.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Anyone can become a victim of online crime, but older adults tend to be more at risk. According to the IC3, overt 40% of all internet crime victims are over the age of 50. Sadly, this group also reports the greatest number of victims who lose more than $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">We don’t expect you or your loved ones to unplug from the internet, but we do want you to stay safe online. So familiarize yourself with these common internet scams and the proactive measures you can take to avoid them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">COVID-19 scams update</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Unfortunately, the global pandemic has inspired scammers to prey on people while we’re already worried and vulnerable. Here are the latest scams to hit the scene—and some tips to avoid them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Social media scams</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">On top of unending photos of the banana bread everyone’s baking, social media has been full of posts offering fake COVID-19 cures, phony coronavirus tests, and false vaccination information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Between March and May 2020, researchers at the University of California, San Diego, spotted nearly 2,000 fraudulent social media posts related to fake health products and financial scams related to the pandemic.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"fontSize\":\"medium\"} -->\n<h4 class=\"has-medium-font-size\"><strong>How to avoid social media scams</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Avoid deals that are too good to be true:</strong>&nbsp;If the price is super-cheap, the product promises miracle results, or promos feature limited stock and rapid, bulk sales, it’s probably a scam.</li><li><strong>Be wary of imported goods:</strong>&nbsp;When it comes to health care solutions, imported COVID-19 tests, medicine, vaccines, or cures shouldn’t be trusted. In addition to being risky, it’s probably illegal to sell unvetted coronavirus health products from abroad.</li><li><strong>Don’t buy directly from social media:</strong>&nbsp;Sellers that use direct messaging or apps like WhatsApp or Skype to peddle their wares, are most likely frauds. If you can’t find a legit store, just hit “exit.”</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Robocall scams</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Being stuck at home has made everyone more vulnerable to robocall scams. These scams tend to target older Americans in particular. Many of these phony callers pose as government agencies or charities—entities that people are likely to trust with personal and financial information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The Federal Trade Commission (FTC) reports more than 131,000 complaints regarding pandemic-related scam calls. But that’s nothing compared to the more than&nbsp;three billion robocalls&nbsp;Americans have received.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\"><strong>How to avoid robocalls</strong>?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Don’t pick up:</strong>&nbsp;If you see a call from an unknown number, let it go to voicemail. If it’s a friend, they’ll leave you a message. If you find a computer-generated voice message, block the number and report it as a scam robocall.</li><li><strong>Filter scam calls out:&nbsp;</strong>Most mobile phones have a feature or app that lets you filter out unknown callers and numbers that are likely to be fraudulent robocalls. The FTC has a&nbsp;complete guide&nbsp;to help you block scam calls on Android, iOS, and landline phones.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Not a scam</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Some text messages claiming to be from the US Census Bureau have been making the rounds, leading people to fear it\'s some kind of scam. The texts ask recipients to complete a survey about the global pandemic. If you get one of these texts, you can breathe easy—these messages are legit. The Census Bureau is collecting information to track the impact of the coronavirus on US households.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Coronavirus emails</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The new coronavirus impacts everyday life in surprising ways including its side effects on internet security. One trend is an uptick in scams posing as the Centers for Disease Control and Prevention (CDC), selling bogus cures, and offering great deals on the unofficial COVID-19 currency: toilet paper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>How to avoid this scam</strong>?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Scare tactics aren’t new to scammers, but there’s plenty you can do to skip the scams and protect your personal data:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Delete emails that claim to come from “official” sources.</strong> Instead, you should directly visit the websites of official sources like the CDC and the World Health Organization (WHO) for news and information.</li><li><strong>Never click links in emails from unknown senders.</strong> Killer deals are usually too good to be true and news of vaccinations won’t come in your email. Instead, you’ll learn about these from government officials, usually via the local or national news.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Fake credit report websites</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">By law, you’re entitled to a free copy of your credit report once every 12 months.&nbsp;<strong>AnnualCreditReport.com</strong>&nbsp;is the only government authorized website for ordering your free annual credit report, but the internet is full of imposter sites. These websites claim to offer “free credit reports,” but oftentimes they’re trying to collect personal information, like your Social Security number or date of birth, that can be used to steal your identity. Other websites might offer “free” credit monitoring, but then charge a fee to your credit card after a trial period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">SafeWise recommends&nbsp;checking your credit report&nbsp;at least once per year. If you find unauthorized activity and think you’ve been a victim of identity theft, place a fraud alert on your credit report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>How to avoid this scam</strong>?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Don’t respond to emails, pop-up ads, or social media ads that offer a free credit report. Go through AnnualCreditReport.com instead. Be aware that some fake credit report websites have URLs that are very similar to AnnualCreditReport, so type the address in your search bar carefully and verify you’re on the legitimate site before entering any information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Online romance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Dating websites can be great for meeting new people, but unfortunately, romance fraudsters also use these sites to find their victims. And, according to the FBI, romance scams result in&nbsp;greater&nbsp;financial&nbsp;loss&nbsp;than any other internet-facilitated crime, with the average victim losing over $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This type of fraud takes on many different forms, but typically it starts with the scammer developing a supposed online romance with the victim. Once the scammer gains the victim’s trust, they’ll ask for money. They often claim to need money due to a personal emergency or to buy a plane ticket to visit the victim. Romance scammers have even gone so far as to persuade their victims to give them access to private financial accounts. It’s also not uncommon for these conniving criminals to convince their victims to commit financial fraud on their behalf.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>How to avoid this scam</strong>?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Older adults should be especially cautious using online dating websites, as some romance fraudsters specifically target older citizens. What’s more, women are victimized at a much greater rate than men. No matter what your age or gender, review our&nbsp;tips for dating online safely&nbsp;to help minimize the chance you’ll get duped. Don’t hesitate to break contact with anyone who tries to scam you, and you should always report them to the dating website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Bogus pop-up security warnings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This scam preys on consumers’ fears. A bogus pop-up warns the user that their computer has just been infected by a virus and directs them to download security software immediately.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Sometimes, the goal of this scam is to make money by tricking the victim into purchasing rogue software. Other times the supposed security software is free, which helps encourage the victim to download it. Once installed, the software takes control of the victim’s computer, where it can wreak havoc or burrow into your private, stored information. Even experienced internet users can be fooled by this scam, as many phony pop-ups look like legitimate messages coming from Windows or a leading computer security provider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>How to avoid this scam</strong>?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">One of the most effective ways to help avoid this scam is to protect your computer with genuine antivirus software from a reputable security company. A good option is&nbsp;<strong>Norton AntiVirus</strong>, which helps defend your computer against scams as well as viruses and phishing attempts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Product scams are booming</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Unfortunately, a barrage of imposter brands are popping up all over social media and on favorite online shopping spots (like Amazon). It can be hard to know the difference between fakes and genuine products. Here are some pointers to help you spot a product scam:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Read customer reviews</strong>. Too many super-positive reviews can be a red flag. Also watch for repeated phrases and language.&nbsp;</li><li><strong>Scrutinize photos</strong>. Beware of photos that look like stock images. Know for sure by checking the origin of the image.</li><li><strong>Get help</strong>. There are online tools to help you spot the fakes. One of our staff experts uses&nbsp;<strong>Fakespot</strong>&nbsp;to help identify scam companies.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What to do if you’re scammed?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Cyber criminals are always thinking of new ways to fool people, so use caution anytime you’re on the web. If you fall for a cyber scam (or think you may have), don’t be embarrassed. Gather any relevant information about the incident and then&nbsp;file a complaint with the IC3. An analyst from the IC3 will review and research your complaint and send out information about the incident to the appropriate law enforcement or regulatory agencies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Talk to your loved ones about these common online scams, and encourage them to tell you if they think they’re being scammed. Whether they’re being scammed or have narrowly missed being scammed, recommend reputable&nbsp;antivirus software&nbsp;for their use and protection. Particularly if you have kids, make them aware of these and other potential online dangers before they encounter them. We also recommend using parent control software&nbsp;to help protect your kids from cybercriminals. With your friends and family properly warned and informed, you can rest at ease knowing the people you care about are cared for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.safewise.com/blog/internet-safety-avoid-online-scams/\">click here.</a></p>\n<!-- /wp:paragraph -->','Internet Safety: How to Avoid Online Scams?','','inherit','closed','closed','','2233-revision-v1','','','2022-04-05 20:50:11','2022-04-05 20:50:11','',2233,'http://smartinsurance.tips/?p=2285',0,'revision','',0),(2271,1,'2022-04-05 20:15:37','2022-04-05 20:15:37','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Internet fraud is alive and well, and it’s costing victims thousands of dollars. In fact, the FBI’s Internet Crime Compliant Center (IC3) received a record&nbsp;791,790 complaints of online fraud in 2020, with $4.1 billion in reported losses—that’s an average of over 2,100 per day at around $5,000 per person.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Anyone can become a victim of online crime, but older adults tend to be more at risk. According to the IC3, overt 40% of all internet crime victims are over the age of 50. Sadly, this group also reports the greatest number of victims who lose more than $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">We don’t expect you or your loved ones to unplug from the internet, but we do want you to stay safe online. So familiarize yourself with these common internet scams and the proactive measures you can take to avoid them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">COVID-19 scams update</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Unfortunately, the global pandemic has inspired scammers to prey on people while we’re already worried and vulnerable. Here are the latest scams to hit the scene—and some tips to avoid them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Social media scams</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">On top of unending photos of the banana bread everyone’s baking, social media has been full of posts offering fake COVID-19 cures, phony coronavirus tests, and false vaccination information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Between March and May 2020, researchers at the University of California, San Diego, spotted nearly 2,000 fraudulent social media posts related to fake health products and financial scams related to the pandemic.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"fontSize\":\"medium\"} -->\n<h4 class=\"has-medium-font-size\"><strong>How to avoid social media scams</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Avoid deals that are too good to be true:</strong>&nbsp;If the price is super-cheap, the product promises miracle results, or promos feature limited stock and rapid, bulk sales, it’s probably a scam.</li><li><strong>Be wary of imported goods:</strong>&nbsp;When it comes to health care solutions, imported COVID-19 tests, medicine, vaccines, or cures shouldn’t be trusted. In addition to being risky, it’s probably illegal to sell unvetted coronavirus health products from abroad.</li><li><strong>Don’t buy directly from social media:</strong>&nbsp;Sellers that use direct messaging or apps like WhatsApp or Skype to peddle their wares, are most likely frauds. If you can’t find a legit store, just hit “exit.”</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\">Robocall scams</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Being stuck at home has made everyone more vulnerable to robocall scams. These scams tend to target older Americans in particular. Many of these phony callers pose as government agencies or charities—entities that people are likely to trust with personal and financial information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The Federal Trade Commission (FTC) reports more than 131,000 complaints regarding pandemic-related scam calls. But that’s nothing compared to the more than&nbsp;three billion robocalls&nbsp;Americans have received.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h4 class=\"has-black-color has-text-color has-medium-font-size\"><strong>How to avoid robocalls</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Don’t pick up:</strong>&nbsp;If you see a call from an unknown number, let it go to voicemail. If it’s a friend, they’ll leave you a message. If you find a computer-generated voice message, block the number and report it as a scam robocall.</li><li><strong>Filter scam calls out:&nbsp;</strong>Most mobile phones have a feature or app that lets you filter out unknown callers and numbers that are likely to be fraudulent robocalls. The FTC has a&nbsp;complete guide&nbsp;to help you block scam calls on Android, iOS, and landline phones.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Not a scam</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Some text messages claiming to be from the US Census Bureau have been making the rounds, leading people to fear it\'s some kind of scam. The texts ask recipients to complete a survey about the global pandemic. If you get one of these texts, you can breathe easy—these messages are legit. The Census Bureau is collecting information to track the impact of the coronavirus on US households.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Coronavirus emails</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The new coronavirus impacts everyday life in surprising ways including its side effects on internet security. One trend is an uptick in scams posing as the Centers for Disease Control and Prevention (CDC), selling bogus cures, and offering great deals on the unofficial COVID-19 currency: toilet paper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>How to avoid this scam</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Scare tactics aren’t new to scammers, but there’s plenty you can do to skip the scams and protect your personal data:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Delete emails that claim to come from “official” sources.</strong>&nbsp;Instead, you should directly visit the websites of official sources like the CDC and the World Health Organization (WHO) for news and information.</li><li><strong>Never click links in emails from unknown senders.</strong>&nbsp;Killer deals are usually too good to be true and news of vaccinations won’t come in your email. Instead, you’ll learn about these from government officials, usually via the local or national news.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">To learn more about avoiding COVID-19 scams, check out these articles from the&nbsp;Federal Trade Commission,&nbsp;Food and Drug Administration, and&nbsp;Norton.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Fake credit report websites</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">By law, you’re entitled to a free copy of your credit report once every 12 months.&nbsp;<strong>AnnualCreditReport.com</strong>&nbsp;is the only government authorized website for ordering your free annual credit report, but the internet is full of imposter sites. These websites claim to offer “free credit reports,” but oftentimes they’re trying to collect personal information, like your Social Security number or date of birth, that can be used to steal your identity. Other websites might offer “free” credit monitoring, but then charge a fee to your credit card after a trial period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">SafeWise recommends&nbsp;checking your credit report&nbsp;at least once per year. If you find unauthorized activity and think you’ve been a victim of identity theft, place a fraud alert on your credit report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>How to avoid this scam</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Don’t respond to emails, pop-up ads, or social media ads that offer a free credit report. Go through AnnualCreditReport.com instead. Be aware that some fake credit report websites have URLs that are very similar to AnnualCreditReport, so type the address in your search bar carefully and verify you’re on the legitimate site before entering any information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Online romance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Dating websites can be great for meeting new people, but unfortunately, romance fraudsters also use these sites to find their victims. And, according to the FBI, romance scams result in&nbsp;greater&nbsp;financial&nbsp;loss&nbsp;than any other internet-facilitated crime, with the average victim losing over $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This type of fraud takes on many different forms, but typically it starts with the scammer developing a supposed online romance with the victim. Once the scammer gains the victim’s trust, they’ll ask for money. They often claim to need money due to a personal emergency or to buy a plane ticket to visit the victim. Romance scammers have even gone so far as to persuade their victims to give them access to private financial accounts. It’s also not uncommon for these conniving criminals to convince their victims to commit financial fraud on their behalf.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3><strong>How to avoid this scam</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Older adults should be especially cautious using online dating websites, as some romance fraudsters specifically target older citizens. What’s more, women are victimized at a much greater rate than men. No matter what your age or gender, review our&nbsp;tips for dating online safely&nbsp;to help minimize the chance you’ll get duped. Don’t hesitate to break contact with anyone who tries to scam you, and you should always report them to the dating website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Scam: Bogus pop-up security warnings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This scam preys on consumers’ fears. A bogus pop-up warns the user that their computer has just been infected by a virus and directs them to download security software immediately.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Sometimes, the goal of this scam is to make money by tricking the victim into purchasing rogue software. Other times the supposed security software is free, which helps encourage the victim to download it. Once installed, the software takes control of the victim’s computer, where it can wreak havoc or burrow into your private, stored information. Even experienced internet users can be fooled by this scam, as many phony pop-ups look like legitimate messages coming from Windows or a leading computer security provider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<h3 class=\"has-black-color has-text-color has-medium-font-size\"><strong>How to avoid this scam</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">One of the most effective ways to help avoid this scam is to protect your computer with genuine antivirus software from a reputable security company. A good option is&nbsp;<strong>Norton AntiVirus</strong>, which helps defend your computer against scams as well as viruses and phishing attempts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Product scams are booming</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Unfortunately, a barrage of imposter brands are popping up all over social media and on favorite online shopping spots (like Amazon). It can be hard to know the difference between fakes and genuine products. Here are some pointers to help you spot a product scam:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li><strong>Read customer reviews</strong>. Too many super-positive reviews can be a red flag. Also watch for repeated phrases and language.&nbsp;</li><li><strong>Scrutinize photos</strong>. Beware of photos that look like stock images. Know for sure by checking the origin of the image.</li><li><strong>Get help</strong>. There are online tools to help you spot the fakes. One of our staff experts uses&nbsp;<strong>Fakespot</strong>&nbsp;to help identify scam companies.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What to do if you’re scammed</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Cyber criminals are always thinking of new ways to fool people, so use caution anytime you’re on the web. If you fall for a cyber scam (or think you may have), don’t be embarrassed. Gather any relevant information about the incident and then&nbsp;file a complaint with the IC3. An analyst from the IC3 will review and research your complaint and send out information about the incident to the appropriate law enforcement or regulatory agencies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Talk to your loved ones about these common online scams, and encourage them to tell you if they think they’re being scammed. Whether they’re being scammed or have narrowly missed being scammed, recommend reputable&nbsp;antivirus software&nbsp;for their use and protection. Particularly if you have kids, make them aware of these and other potential online dangers before they encounter them. We also recommend using parent control software&nbsp;to help protect your kids from cybercriminals. With your friends and family properly warned and informed, you can rest at ease knowing the people you care about are cared for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.safewise.com/blog/internet-safety-avoid-online-scams/\">click here.</a></p>\n<!-- /wp:paragraph -->','Internet Safety: How to Avoid Online Scams?','','inherit','closed','closed','','2233-revision-v1','','','2022-04-05 20:15:37','2022-04-05 20:15:37','',2233,'http://smartinsurance.tips/?p=2271',0,'revision','',0),(2272,1,'2022-04-05 20:20:55','2022-04-05 20:20:55','<!-- wp:image {\"id\":2239,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Health-1024x536.png\" alt=\"\" class=\"wp-image-2239\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There’s more to staying heart-healthy than just eating right and exercising regularly, namely getting enough shuteye.&nbsp;<br><br>Indeed, sleep plays an important role in overall health and well-being. By the same token, healthy diet, regular exercise&nbsp; and low stress may promote the sort of deep, restorative sleep that is essential for good cardiovascular health.<br><br>How much sleep do you need? The Centers for Disease Control and Prevention in Atlanta advises adults between 18 and 65 to aim for at least seven hours of good quality sleep per night.&nbsp;&nbsp;<br><br>Unfortunately, sleeping well is not the necessarily the norm. In fact, according to the National Heart, Lung, and Blood Institute of the National Institutes of Health, 50 million to 70 million American adults either don’t get any sleep on a regular basis or have a sleeping disorder.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How does sleep affect heart health?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Studies show short sleep duration or poor sleep quality, is associated with&nbsp;high blood pressure, elevated&nbsp;cholesterol&nbsp;and&nbsp;atherosclerosis. And habitual short sleep increases the chance of cardiovascular events.&nbsp;&nbsp;<br><br>Not getting enough restful sleep is also correlated with:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Poor diet / weight gain</strong><br>A study of 495 participants found an association between poor sleep quality, increased food intake and lower consumption of whole grains. And short sleep duration may lead to weight gain, even in those with a low risk for obesity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Diabetes&nbsp;<br></strong>An analysis of past studies suggests not getting enough Z’s significantly increases the risk of developing Type 2&nbsp;diabetes. In addition, losing as little as two hours of sleep per day may lead to increased insulin resistance and decreased glucose tolerance in lab conditions.<br><br>High blood sugar associated with diabetes can also increase cholesterol, blood pressure and triglycerides, ultimately damaging the nerves and blood vessels. As a result, people with Type 2 diabetes are twice as likely to have a&nbsp;heart attack&nbsp;or&nbsp;stroke.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Inflammation<br></strong>In lab studies, sleep restriction is associated with&nbsp;inflammation, and preliminary research suggests this may be true in the general population. This is important because inflammatory processes can elevate risk for cardiovascular disease.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Stroke, heart attack and death<br></strong>Researchers report a modest link between both short and long sleep duration, or nine hours or more at a time, and stroke. Short and long duration sleep are also associated with a greater risk of death.&nbsp; &nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">The link between sleeping disorders and heart disease</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Perhaps unsurprisingly, a growing body of research demonstrates a correlation between many sleeping disorders and cardiovascular health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>People with common sleeping disorders such as obstructive&nbsp;sleep apnea&nbsp;or insomnia also are far more likely to have heart&nbsp;arrhythmias, plaque buildup,&nbsp;heart failure&nbsp;and&nbsp;coronary artery disease&nbsp;than the general public.</li><li>Evidence is mounting that neurological sleep disorders such as restless leg syndrome, which affects 7% to 10% of Americans, may increase the risk of heart disease, although more research is needed to better understand the connection.</li><li>In most people, blood pressure dips during sleep. However, that doesn’t always happen in people with Type 1 narcolepsy. Although more research is needed in this area, some suggest that this may increase the risk for heart problems.&nbsp; &nbsp;</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">The role of mental health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There’s a similar both-ways relationship between sleep and mental health: People with psychological disorders are more likely to develop sleep problems than those in the general population, and sleep problems may also increase the risk of developing certain mental illnesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">This may affect heart health. Many studies have shown both daily stressors and traumatic stressful events increase the risk of cardiovascular disease. Loneliness, workplace stress, anger and hostility, anxiety, depression and even pessimism likewise impact overall health, increasing the risk to heart health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Optimism, on the other hand, is associated with healthier living, including better sleep quality and a lower risk of cardiovascular disease and death from all causes.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">In a recent scientific statement, the American Heart Association acknowledged the growing body of evidence pointing to the strong link between mental health, behaviors and physical health, noting data that suggest treating mental health can improve heart health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What’s the takeaway?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">There’s a strong connection between mental health, sleep and overall physical health, specifically cardiovascular health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Lifestyle factors such as diet and exercise may reduce the risk of heart disease, both directly and indirectly, by fostering better sleep. This, in turn, may lead to a better outlook and more energy – the very best kind of feedback loop.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What should I do if I have problems sleeping?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">The CDC advises people to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<ul class=\"has-black-color has-text-color has-medium-font-size\"><li>Go to bed and wake up at the same time every day, weekends included.</li><li>Sleep in a dark, quiet place set at a comfortable temperature.</li><li>Ban electronic devices from the bedroom. These can interfere with sleep.</li><li>Avoid caffeine, alcohol and large meals before hitting the pillow.</li><li>Exercise. Physical activity during the day makes it easier to fall asleep that night.&nbsp;</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Talk with your doctor or health care professional if you have symptoms of a sleep disorder or have tried such measures and still can’t get to sleep.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.heart.org/en/health-topics/sleep-disorders/sleep-and-heart-health\">click here.</a></p>\n<!-- /wp:paragraph -->','Sleep plays an important role in heart health','','inherit','closed','closed','','2238-revision-v1','','','2022-04-05 20:20:55','2022-04-05 20:20:55','',2238,'http://smartinsurance.tips/?p=2272',0,'revision','',0),(2273,1,'2022-04-05 20:21:49','2022-04-05 20:21:49','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Tips for the do-it-yourself car wash</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2243,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/04/Product-review-1-1-1024x536.png\" alt=\"\" class=\"wp-image-2243\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">For many vehicle owners, washing a car by hand is a therapeutic act as beneficial for the person\'s state of mind as to the vehicle\'s appearance. That\'s good, because frequent washing is also the best way to maintain a new-car finish and detect blemishes and other potential issues, such as rust or loosening trim. But as simple as washing your car may seem, there are some things to watch for so that you don\'t accidentally scratch or degrade the finish.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Below are some basic car-washing tips. And if you prefer to use an automated, drive-thru car wash, be sure to learn&nbsp;which extras are worth the money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">What Kind of Products Should You Use?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t use household cleaning agents</strong>&nbsp;like hand soap, dishwashing detergent, or glass cleaner on the paint. These aren\'t formulated for use on a car\'s paint and may strip off the protective wax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do use a dedicated car-wash product</strong>, which is milder and specifically designed for use on automotive paint. Apply the suds with a large, soft natural sponge or a lamb\'s-wool mitt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Grease, rubber, and road-tar deposits picked up from the road often accumulate around the wheel wells and along the lower edge of the body. These can be stubborn to remove and may require a stronger product, such as a bug-and-tar remover. Use a soft, nonabrasive cloth to remove these deposits, as they can quickly blacken your sponge.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do use a separate sponge to clean the wheels and tires,</strong>&nbsp;which may be coated with sand, brake dust, and other debris that could mar the car\'s finish. Mild soap and water may work here; if not, a dedicated wheel cleaner may be required. Be sure the cleaner is compatible with the type of finish (paint, clear-coat, chrome, etc.) used on the wheels. A strong formula intended for mag wheels, for instance, can damage the clear coat that\'s used on the wheels that come on today\'s cars. To be on the safe side, choose a cleaner that\'s labeled as safe for use on all wheels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t use a tire dressing product.&nbsp;</strong>These are often marketed as adding a shine to the tires. Many products claim to clean the sidewall, removing harsh dirt and oils that might degrade the rubber over time. And some products claim to act like a blocker or sunscreen for your tires, reducing the harmful aging effects of UV light and ozone that make rubber hard and brittle, leading to cracking. However, tire makers we spoke with say aftermarket products are not needed to preserve tires and that the shine is merely cosmetic. Bridgestone said their tires have antioxidants and waxes in the tire to protect them from the environment. A dull appearance may occur over time, but this is just the waxes migrating to the surface and actually helps protect the tire. Simple soap and water is all you need for the tires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do treat your car to a seasonal waxing</strong>&nbsp;to help protect it from the elements and give it a like-new shine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Are There Any General Guidelines You Should Follow When Washing a Car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t wash your car when the body is hot,</strong>&nbsp;such as immediately after driving it or after it has been parked in direct sunlight for awhile. Heat speeds the drying of soap and water, making washing more difficult and increasing the chances that spots or deposits will form.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t move the sponge in circles.&nbsp;</strong>This can create light, but noticeable scratches called swirl marks. Instead, move the sponge lengthwise across the hood and other body panels. And don\'t continue using a sponge that\'s dropped on the ground without thoroughly rinsing it out. The sponge can pick up dirt particles that can scratch the paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do rinse all surfaces thoroughly with water</strong>&nbsp;before you begin washing to remove loose dirt and debris that could cause scratching. Once you begin, concentrate on one section at a time, washing and rinsing each area completely before moving on to the next one. This ensures that you have plenty of time to rinse before the soap dries. Start at the top, and then work your way around the car. Use a hose without a nozzle and let the water flow over the car from top to bottom. This creates a sheeting action that helps minimize pooling of water.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do work the car-wash solution into a lather</strong>&nbsp;with plenty of suds that provide lots of lubrication on the paint surface. And rinse the sponge often. Using a separate bucket to rinse the sponge keeps dirt from getting mixed into the sudsy wash water.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How Should You Dry the Car When You\'re Done?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Don\'t let the car air dry,&nbsp;</strong>and don\'t expect a drive around the block to do an effective job. Either will leave watermarks caused by minerals in hard water. In addition, don\'t use an abrasive towel or other material that can leave hairline scratches in the paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Do use a chamois (natural or synthetic) or soft terry towels.</strong>&nbsp;If you choose towels, you may need several. It\'s best to blot the water up instead of dragging the towel or chamois over the paint. The drying process can be speeded up by using a soft squeegee to remove most of the water on the body, but be sure the rubber is pliable and that it doesn\'t pick up bits of dirt that can cause scratches.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">Car Cleaning Tips</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"medium\"} -->\n<p class=\"has-black-color has-text-color has-medium-font-size\">Is the inside of your car starting to resemble a garbage can? On the \"Consumer 101\" TV show, Consumer Reports expert Jen Stockburger offers tips to host Jack Rico on how to make a vehicle’s interior look new again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.familyhandyman.com/list/20-tips-for-planning-a-successful-house-remodel/\">cli</a><a href=\"https://www.consumerreports.org/car-repair-maintenance/how-to-wash-your-car-a5065989586/\">ck here.</a></p>\n<!-- /wp:paragraph -->','How to Wash Your Car','','inherit','closed','closed','','2241-revision-v1','','','2022-04-05 20:21:49','2022-04-05 20:21:49','',2241,'http://smartinsurance.tips/?p=2273',0,'revision','',0),