(3443,1,'2023-09-03 11:09:53','2023-09-03 11:09:53','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3445,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-47-1024x536.png\" alt=\"\" class=\"wp-image-3445\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0\">What Is a First-Loss Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-1\">A first-loss policy is a type of property insurance policy that provides only partial insurance. In the event of a claim, the policyholder agrees to accept an amount less than the full value of damaged, destroyed, or stolen property. In return, the insurer agrees to not penalize the policyholder for under-insuring their goods or property—for example, by not raising rates on renewal premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>A first-loss policy is a type of property insurance policy that provides only partial insurance.</li><li>In the event of damage, the policyholder does not seek compensation for losses below the pre-established first-loss level.</li><li>A first-loss insurance policyholder should benefit from paying a lower premium for partial protection against property losses.</li><li>Unfortunately, a first-loss policy may leave an individual underinsured and forced to pay for some damages out-of-pocket.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-5\">Understanding the First-Loss Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">First-loss policies are most commonly used as theft or burglary insurance to insure against events where a total loss is extremely rare (i.e., the burglary of all goods contained in a large store). In a first-loss policy claim event, the policyholder does not seek compensation for losses below the first-loss level. Premiums are calculated proportionately, meaning they are not based on the full value of total goods or property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">First-loss insurance&nbsp;is also considered first when filing any claims&nbsp;if someone carries more than one policy for a given threat to their property. The coverage provided can actually be more comprehensive, which can be important for costly assets that might otherwise be difficult or impossible to insure.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-10\">Other types of property insurance, such as water damage coverage or insurance against theft-related losses at home can also be insured on a first-loss basis. A first-loss policy may have lower premiums than a policy that covers your property’s full value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Important:</strong> First-loss policies may come with a large deductible, in which the insurance would cover the difference between your deductible and the maximum benefit you chose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-14\">Advantages and Disadvantages of First-Loss Policies</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\" id=\"mntl-sc-block_1-0-15\"><strong>Pros of First-Loss Policies</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">First-loss insurance policies are generally more affordable than traditional full-coverage policies because they provide coverage for a specific amount. As a result, policyholders pay lower premiums compared to comprehensive policies that cover the full value of their assets. This allows policyholders to select the coverage amount based on their needs and risk exposure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Like other forms of insurance, first-loss insurance is an effective risk management tool for businesses or individuals. However, unlike other forms of insurance, processing claims under a first-loss insurance policy is usually faster and more straightforward. Since the coverage is limited to a specific amount, the claims process is less complex and requires less documentation compared to comprehensive policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">First-loss policies can also complement existing insurance coverage. For instance, they can be used as an additional layer of protection on top of primary insurance policies to address specific risks or to fill gaps in coverage. Policyholders ultimately have the flexibility to choose the deductible amount they are comfortable with and premium they want to pay with a first-loss 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_1-0-22\"><strong>Cons of First-Loss Policies</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-23\">The primary downside of a first-loss insurance policy is somewhat obvious. This type of coverage is has a limited coverage amount. The policy only provides coverage up to the predetermined first-loss limit which might be insufficient to cover the full extent of a significant loss or catastrophic event. If the loss exceeds the chosen limit, the policyholder is responsible for covering the remaining expenses out of pocket.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">Since first-loss policies are designed to cover specific assets or risks, they do not offer comprehensive protection for all assets or liabilities. This may leave certain assets or risks uninsured or underinsured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">For businesses or individuals with varying risks and assets, managing multiple first-loss policies or combining them with other types of insurance might be necessary. Unfortunately, coordinating different policies can become complicated and may require expert advice to ensure comprehensive protection. In some cases, missed gaps may leave assets uninsured or underinsured.</p>\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>Pros</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>May be more affordable than other forms of coverage</li><li>Allows for insured to tailor their coverage</li><li>May reduce overall claim complexity compared to other forms of coverage</li><li>Protects against certain types of risk</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>Cons</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Has a limited coverage amount</li><li>May leave assets uninsured or underinsured</li><li>May result in the insured still having to pay out of pocket</li><li>May increase overall claim complexity based on how claims interact with each other</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-32\">Tips for Determining First-Loss Insurance Limit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-33\">When evaluating whether a first-loss insurance policy is for you, start by identifying the assets, properties, or risks that you want to protect. For each identified risk, conduct a risk analysis to evaluate the potential financial impact of a loss. You\'ll want to evaluate not only the likelihood of the risk occurring but also the severity of the potential loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">Some of the decision-making revolves around self-reflection, and you should assess your risk tolerance level. Your risk tolerance will influence the level of coverage you desire and the first loss limit you feel comfortable with. For example, consider whether you\'d personally rather pay a higher premium for more coverage or a lower premium for less.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">When looking at your assets, consider the current market value of the items you want to insure. High-value assets may require higher first loss limits, while lower-value assets may need more modest coverage. If you are a business owner, consider potential business interruption costs when setting the limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Insurance agents or brokers with expertise in first loss insurance can provide valuable insights. They can help you navigate the decision-making process and guide you in selecting the appropriate coverage levels. They can also help you reevaluate your policy periodically to adjust your first-loss limit to ensure it remains suitable for your evolving needs and risk exposure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-41\">Example of First-Loss Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-42\">Consider this&nbsp;example of a typical situation in which&nbsp;this type of insurance might&nbsp;be in effect. If a store owner held $2.5 million worth of goods in their&nbsp;store but&nbsp;figured&nbsp;that the most they&nbsp;could lose at any one time due to theft or burglary would be approximately $50,000, they&nbsp;might obtain a first-loss policy for that amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-44\">In the event that the store was burglarized and the owner lost more than $125,000 worth of stock, they&nbsp;would only be compensated for&nbsp;$50,000&nbsp;of the loss, as stated under the first-loss policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Is First-Loss Coverage Different from Traditional Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Traditional insurance policies provide coverage for the full value of assets or risks, while first-loss insurance offers coverage only up to a specified limit. It is more tailored and cost-effective, but policyholders must prioritize their coverage based on risk exposure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can First-Loss Insurance Policies Be Combined With Other Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Yes, first-loss insurance policies can be combined with other insurance coverage to create a comprehensive risk management strategy. This approach allows policyholders to address different risks effectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can I Adjust the First-Loss Limit Over Time?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Yes, policyholders can adjust the first-loss limit to reflect changes in their risk profile or asset values. This flexibility allows for tailored coverage that aligns with evolving needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Do I Obtain a First-Loss Insurance Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To obtain a first-loss insurance policy, individuals or businesses can contact insurance providers or brokers specializing in this type of coverage. They will guide you through the process of assessing risks and selecting appropriate coverage limits for your unique situation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-54\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-55\">First-loss insurance policies offer coverage up to a specified limit, allowing policyholders to prioritize protection for high-value assets or specific risks. They are cost-effective, customizable, and suitable for individuals or businesses with diverse risk exposures.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/f/first-loss-policy.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','First-Loss Policy: Definition, Purpose, Examples','','publish','closed','closed','','first-loss-policy-definition-purpose-examples','','','2023-09-03 11:09:53','2023-09-03 11:09:53','',0,'http://smartinsurance.tips/?p=3443',0,'post','',0),(3444,1,'2023-09-03 11:01:39','2023-09-03 11:01:39','','My-project-1-46-1','','inherit','closed','closed','','my-project-1-46-1','','','2023-09-03 11:01:39','2023-09-03 11:01:39','',3443,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-46-1.png',0,'attachment','image/png',0),(3445,1,'2023-09-03 11:02:17','2023-09-03 11:02:17','','My-project-1-47','','inherit','closed','closed','','my-project-1-47-2','','','2023-09-03 11:02:17','2023-09-03 11:02:17','',3443,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-47.png',0,'attachment','image/png',0),(3446,1,'2023-09-03 11:09:53','2023-09-03 11:09:53','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3445,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-47-1024x536.png\" alt=\"\" class=\"wp-image-3445\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0\">What Is a First-Loss Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-1\">A first-loss policy is a type of property insurance policy that provides only partial insurance. In the event of a claim, the policyholder agrees to accept an amount less than the full value of damaged, destroyed, or stolen property. In return, the insurer agrees to not penalize the policyholder for under-insuring their goods or property—for example, by not raising rates on renewal premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>A first-loss policy is a type of property insurance policy that provides only partial insurance.</li><li>In the event of damage, the policyholder does not seek compensation for losses below the pre-established first-loss level.</li><li>A first-loss insurance policyholder should benefit from paying a lower premium for partial protection against property losses.</li><li>Unfortunately, a first-loss policy may leave an individual underinsured and forced to pay for some damages out-of-pocket.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-5\">Understanding the First-Loss Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">First-loss policies are most commonly used as theft or burglary insurance to insure against events where a total loss is extremely rare (i.e., the burglary of all goods contained in a large store). In a first-loss policy claim event, the policyholder does not seek compensation for losses below the first-loss level. Premiums are calculated proportionately, meaning they are not based on the full value of total goods or property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">First-loss insurance&nbsp;is also considered first when filing any claims&nbsp;if someone carries more than one policy for a given threat to their property. The coverage provided can actually be more comprehensive, which can be important for costly assets that might otherwise be difficult or impossible to insure.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-10\">Other types of property insurance, such as water damage coverage or insurance against theft-related losses at home can also be insured on a first-loss basis. A first-loss policy may have lower premiums than a policy that covers your property’s full value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Important:</strong> First-loss policies may come with a large deductible, in which the insurance would cover the difference between your deductible and the maximum benefit you chose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-14\">Advantages and Disadvantages of First-Loss Policies</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\" id=\"mntl-sc-block_1-0-15\"><strong>Pros of First-Loss Policies</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">First-loss insurance policies are generally more affordable than traditional full-coverage policies because they provide coverage for a specific amount. As a result, policyholders pay lower premiums compared to comprehensive policies that cover the full value of their assets. This allows policyholders to select the coverage amount based on their needs and risk exposure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Like other forms of insurance, first-loss insurance is an effective risk management tool for businesses or individuals. However, unlike other forms of insurance, processing claims under a first-loss insurance policy is usually faster and more straightforward. Since the coverage is limited to a specific amount, the claims process is less complex and requires less documentation compared to comprehensive policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">First-loss policies can also complement existing insurance coverage. For instance, they can be used as an additional layer of protection on top of primary insurance policies to address specific risks or to fill gaps in coverage. Policyholders ultimately have the flexibility to choose the deductible amount they are comfortable with and premium they want to pay with a first-loss 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_1-0-22\"><strong>Cons of First-Loss Policies</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-23\">The primary downside of a first-loss insurance policy is somewhat obvious. This type of coverage is has a limited coverage amount. The policy only provides coverage up to the predetermined first-loss limit which might be insufficient to cover the full extent of a significant loss or catastrophic event. If the loss exceeds the chosen limit, the policyholder is responsible for covering the remaining expenses out of pocket.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">Since first-loss policies are designed to cover specific assets or risks, they do not offer comprehensive protection for all assets or liabilities. This may leave certain assets or risks uninsured or underinsured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">For businesses or individuals with varying risks and assets, managing multiple first-loss policies or combining them with other types of insurance might be necessary. Unfortunately, coordinating different policies can become complicated and may require expert advice to ensure comprehensive protection. In some cases, missed gaps may leave assets uninsured or underinsured.</p>\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>Pros</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>May be more affordable than other forms of coverage</li><li>Allows for insured to tailor their coverage</li><li>May reduce overall claim complexity compared to other forms of coverage</li><li>Protects against certain types of risk</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>Cons</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Has a limited coverage amount</li><li>May leave assets uninsured or underinsured</li><li>May result in the insured still having to pay out of pocket</li><li>May increase overall claim complexity based on how claims interact with each other</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-32\">Tips for Determining First-Loss Insurance Limit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-33\">When evaluating whether a first-loss insurance policy is for you, start by identifying the assets, properties, or risks that you want to protect. For each identified risk, conduct a risk analysis to evaluate the potential financial impact of a loss. You\'ll want to evaluate not only the likelihood of the risk occurring but also the severity of the potential loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">Some of the decision-making revolves around self-reflection, and you should assess your risk tolerance level. Your risk tolerance will influence the level of coverage you desire and the first loss limit you feel comfortable with. For example, consider whether you\'d personally rather pay a higher premium for more coverage or a lower premium for less.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">When looking at your assets, consider the current market value of the items you want to insure. High-value assets may require higher first loss limits, while lower-value assets may need more modest coverage. If you are a business owner, consider potential business interruption costs when setting the limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Insurance agents or brokers with expertise in first loss insurance can provide valuable insights. They can help you navigate the decision-making process and guide you in selecting the appropriate coverage levels. They can also help you reevaluate your policy periodically to adjust your first-loss limit to ensure it remains suitable for your evolving needs and risk exposure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-41\">Example of First-Loss Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-42\">Consider this&nbsp;example of a typical situation in which&nbsp;this type of insurance might&nbsp;be in effect. If a store owner held $2.5 million worth of goods in their&nbsp;store but&nbsp;figured&nbsp;that the most they&nbsp;could lose at any one time due to theft or burglary would be approximately $50,000, they&nbsp;might obtain a first-loss policy for that amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-44\">In the event that the store was burglarized and the owner lost more than $125,000 worth of stock, they&nbsp;would only be compensated for&nbsp;$50,000&nbsp;of the loss, as stated under the first-loss policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Is First-Loss Coverage Different from Traditional Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Traditional insurance policies provide coverage for the full value of assets or risks, while first-loss insurance offers coverage only up to a specified limit. It is more tailored and cost-effective, but policyholders must prioritize their coverage based on risk exposure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can First-Loss Insurance Policies Be Combined With Other Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Yes, first-loss insurance policies can be combined with other insurance coverage to create a comprehensive risk management strategy. This approach allows policyholders to address different risks effectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can I Adjust the First-Loss Limit Over Time?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Yes, policyholders can adjust the first-loss limit to reflect changes in their risk profile or asset values. This flexibility allows for tailored coverage that aligns with evolving needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Do I Obtain a First-Loss Insurance Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To obtain a first-loss insurance policy, individuals or businesses can contact insurance providers or brokers specializing in this type of coverage. They will guide you through the process of assessing risks and selecting appropriate coverage limits for your unique situation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-54\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-55\">First-loss insurance policies offer coverage up to a specified limit, allowing policyholders to prioritize protection for high-value assets or specific risks. They are cost-effective, customizable, and suitable for individuals or businesses with diverse risk exposures.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/f/first-loss-policy.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','First-Loss Policy: Definition, Purpose, Examples','','inherit','closed','closed','','3443-revision-v1','','','2023-09-03 11:09:53','2023-09-03 11:09:53','',3443,'http://smartinsurance.tips/?p=3446',0,'revision','',0),(3447,1,'2023-09-03 11:26:53','2023-09-03 11:26:53','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3448,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-48-1024x536.png\" alt=\"\" class=\"wp-image-3448\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0\">What Is Indemnity?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-1\">Indemnity is a comprehensive form of insurance compensation for damage or loss. When the term indemnity is used in the legal sense, it&nbsp;may also refer to an exemption&nbsp;from liability for damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-3\">Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">A typical example is an insurance contract, in which the insurer or the indemnitor agrees to compensate the other (the insured or the indemnitee) for any damage or losses in return for premiums paid by the insured to the insurer. With indemnity, the insurer indemnifies the policyholder—that is, promises to make whole the individual or business for any covered loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Indemnity is a comprehensive form of insurance compensation for damage or loss.</li><li>In an indemnity arrangement, one party agrees to pay for potential losses or damage caused by another party.</li><li>A typical example is an insurance contract, in which the insurer or the indemnitor agrees to compensate the other (the insured or the indemnitee) for any damage or losses in return for premiums paid by the insured to the insurer.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-11\">How Indemnity Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">An indemnity clause is standard in the majority of insurance agreements. However, exactly what is covered, and to what extent, depends on the specific agreement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-14\">Any indemnity agreement has what is called a period of indemnity, or a specific length of time for which the payment is valid. Similarly, many contracts include a letter of indemnity, which guarantees that both parties will meet the contract stipulations (or else an indemnity must be paid).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Indemnity is common in agreements between an individual and a business (for example, an agreement to obtain car insurance). However, it can also apply on a larger scale to relationships between businesses and government or between governments of two or more countries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Important:</strong> Indemnity clauses can be complicated to negotiate and can lead to increased costs of services because of the increased risk of the contract.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sometimes, governments, a business, or an entire industry must take on the costs of larger issues on behalf of the public, such as outbreaks of disease. For example, according to Reuters, Congress authorized $1 billion to fight a bird flu epidemic that devastated the U.S. poultry industry in 2014 and 2015. The U.S. Department of Agriculture spent $200 million of that money on indemnity payments paid to farmers who needed to kill their birds to stop the spread of the virus.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-22\">Special Considerations</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\" id=\"mntl-sc-block_1-0-23\"><strong>How Indemnity Is Paid</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">Indemnity may be paid in the form of cash, or by way of repairs or replacement, depending on the terms of the indemnity agreement. For example, in the case of home insurance, the homeowner pays insurance premiums to the insurance company in exchange for the assurance that the homeowner will be indemnified if the house sustains damage from fire, natural disasters, or other perils specified in the insurance agreement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-26\">In the event that the home is damaged significantly, the insurance company will be obligated to restore the property to its original state—either through repairs by authorized contractors or reimbursement to the homeowner for spending on such repairs.</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_1-0-28\"><strong>Indemnity Insurance</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-29\">Indemnity insurance is a way for a company (or individual) to obtain protection from indemnity claims. This insurance protects the holder from having to pay the full sum of an indemnity, even if the holder is responsible for the cause of the indemnity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">Many companies make indemnity insurance a requirement, as lawsuits are common. Everyday examples include malpractice insurance, which is common coverage for those in the medical field, and errors and omissions insurance (E&amp;O), which protects companies and their employees against claims made by clients and applies to any given industry. Some companies also invest in deferred compensation indemnity insurance, which protects the money that companies expect to receive in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Warning:</strong> As with any other form of insurance, indemnity insurance covers the costs of an indemnity claim, including, but not limited to, court costs, fees, and settlements. The amount covered by insurance depends on the specific agreement, and the cost of the insurance depends on many factors, including the policyholder\'s history of indemnity claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">Property leases also include indemnity clauses. For example, in the case of a rental property, a tenant is typically responsible for damage due to negligence, fines, lawyer fees, and more depending on the agreement. </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_1-0-37\"><strong>Acts of Indemnity</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-38\">An act of indemnity protects those who have acted illegally from being subject to penalties. This exemption typically applies to public officers, such as police officers or government officials, who are sometimes compelled to&nbsp;commit illegal acts in order to carry out the responsibilities of their jobs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-40\">Often, such protection is granted to a group of people who committed an illegal act for the common good, such as the assassination of a known dictator or terrorist leader.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-42\">History of Indemnity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-43\">Although indemnity agreements haven\'t always had a formal name, they&nbsp;are not a new concept. Historically, indemnity agreements have served to ensure cooperation between individuals, businesses,&nbsp;and governments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-45\">In 1825, Haiti was forced to pay France what was then called an \"independence debt.\" The payments were intended to cover the losses that French plantation owners \"suffered\" after losing land and slaves. While this form of indemnity was incredibly unjust, it is one example of many historical cases that show the ways indemnity has been applied worldwide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-47\">Another common form of indemnity is the reparations a winning country seeks from a losing country after a war. Depending on the amount and extent of the indemnity due, it can take years and even decades to pay off. One of the most well-known examples is the indemnity Germany paid after its role in World War I. Those reparations were finally paid off in 2010, almost a century after they were assessed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is Indemnity in Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Indemnity is a comprehensive form of insurance compensation for damage or loss. It amounts to a contractual agreement between two parties in which one party agrees to pay for potential losses or damage caused by another party.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is the Purpose of Indemnity?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Indemnification, or indemnity, designates one party (the indemnifying party) as being required to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming from third-party damage claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is the Rule of Indemnity in Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With indemnity insurance, one party commits to compensate another for prospective loss or damage. In insurance policies, in exchange for premiums paid by the insured to the insurer, the insurer offers to compensate the insured for any potential damage or losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-55\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-56\">Indemnity is a type of insurance compensation paid for damage or loss. When the term is used in the legal sense, it also may refer to an exemption from liability for damage. Indemnity is a contractual agreement between two parties in which one party agrees to pay for potential losses or damage caused by another party. Typically, an insurance contract dictates that the insurer, also known as the indemnitor, agrees to compensate the other party involved (the insured or the indemnitee) for any damage or losses in return for premiums paid by the insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/i/indemnity.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Indemnity: What It Means in Insurance and the Law','','publish','closed','closed','','indemnity-what-it-means-in-insurance-and-the-law','','','2023-09-03 11:26:53','2023-09-03 11:26:53','',0,'http://smartinsurance.tips/?p=3447',0,'post','',0),(3448,1,'2023-09-03 11:18:41','2023-09-03 11:18:41','','My-project-1-48','','inherit','closed','closed','','my-project-1-48-2','','','2023-09-03 11:18:41','2023-09-03 11:18:41','',3447,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-48.png',0,'attachment','image/png',0),(3449,1,'2023-09-03 11:26:53','2023-09-03 11:26:53','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3448,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-48-1024x536.png\" alt=\"\" class=\"wp-image-3448\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0\">What Is Indemnity?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-1\">Indemnity is a comprehensive form of insurance compensation for damage or loss. When the term indemnity is used in the legal sense, it&nbsp;may also refer to an exemption&nbsp;from liability for damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-3\">Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">A typical example is an insurance contract, in which the insurer or the indemnitor agrees to compensate the other (the insured or the indemnitee) for any damage or losses in return for premiums paid by the insured to the insurer. With indemnity, the insurer indemnifies the policyholder—that is, promises to make whole the individual or business for any covered loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Indemnity is a comprehensive form of insurance compensation for damage or loss.</li><li>In an indemnity arrangement, one party agrees to pay for potential losses or damage caused by another party.</li><li>A typical example is an insurance contract, in which the insurer or the indemnitor agrees to compensate the other (the insured or the indemnitee) for any damage or losses in return for premiums paid by the insured to the insurer.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-11\">How Indemnity Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">An indemnity clause is standard in the majority of insurance agreements. However, exactly what is covered, and to what extent, depends on the specific agreement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-14\">Any indemnity agreement has what is called a period of indemnity, or a specific length of time for which the payment is valid. Similarly, many contracts include a letter of indemnity, which guarantees that both parties will meet the contract stipulations (or else an indemnity must be paid).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Indemnity is common in agreements between an individual and a business (for example, an agreement to obtain car insurance). However, it can also apply on a larger scale to relationships between businesses and government or between governments of two or more countries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Important:</strong> Indemnity clauses can be complicated to negotiate and can lead to increased costs of services because of the increased risk of the contract.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sometimes, governments, a business, or an entire industry must take on the costs of larger issues on behalf of the public, such as outbreaks of disease. For example, according to Reuters, Congress authorized $1 billion to fight a bird flu epidemic that devastated the U.S. poultry industry in 2014 and 2015. The U.S. Department of Agriculture spent $200 million of that money on indemnity payments paid to farmers who needed to kill their birds to stop the spread of the virus.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-22\">Special Considerations</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\" id=\"mntl-sc-block_1-0-23\"><strong>How Indemnity Is Paid</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">Indemnity may be paid in the form of cash, or by way of repairs or replacement, depending on the terms of the indemnity agreement. For example, in the case of home insurance, the homeowner pays insurance premiums to the insurance company in exchange for the assurance that the homeowner will be indemnified if the house sustains damage from fire, natural disasters, or other perils specified in the insurance agreement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-26\">In the event that the home is damaged significantly, the insurance company will be obligated to restore the property to its original state—either through repairs by authorized contractors or reimbursement to the homeowner for spending on such repairs.</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_1-0-28\"><strong>Indemnity Insurance</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-29\">Indemnity insurance is a way for a company (or individual) to obtain protection from indemnity claims. This insurance protects the holder from having to pay the full sum of an indemnity, even if the holder is responsible for the cause of the indemnity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">Many companies make indemnity insurance a requirement, as lawsuits are common. Everyday examples include malpractice insurance, which is common coverage for those in the medical field, and errors and omissions insurance (E&amp;O), which protects companies and their employees against claims made by clients and applies to any given industry. Some companies also invest in deferred compensation indemnity insurance, which protects the money that companies expect to receive in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Warning:</strong> As with any other form of insurance, indemnity insurance covers the costs of an indemnity claim, including, but not limited to, court costs, fees, and settlements. The amount covered by insurance depends on the specific agreement, and the cost of the insurance depends on many factors, including the policyholder\'s history of indemnity claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">Property leases also include indemnity clauses. For example, in the case of a rental property, a tenant is typically responsible for damage due to negligence, fines, lawyer fees, and more depending on the agreement. </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_1-0-37\"><strong>Acts of Indemnity</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-38\">An act of indemnity protects those who have acted illegally from being subject to penalties. This exemption typically applies to public officers, such as police officers or government officials, who are sometimes compelled to&nbsp;commit illegal acts in order to carry out the responsibilities of their jobs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-40\">Often, such protection is granted to a group of people who committed an illegal act for the common good, such as the assassination of a known dictator or terrorist leader.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-42\">History of Indemnity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-43\">Although indemnity agreements haven\'t always had a formal name, they&nbsp;are not a new concept. Historically, indemnity agreements have served to ensure cooperation between individuals, businesses,&nbsp;and governments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-45\">In 1825, Haiti was forced to pay France what was then called an \"independence debt.\" The payments were intended to cover the losses that French plantation owners \"suffered\" after losing land and slaves. While this form of indemnity was incredibly unjust, it is one example of many historical cases that show the ways indemnity has been applied worldwide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-47\">Another common form of indemnity is the reparations a winning country seeks from a losing country after a war. Depending on the amount and extent of the indemnity due, it can take years and even decades to pay off. One of the most well-known examples is the indemnity Germany paid after its role in World War I. Those reparations were finally paid off in 2010, almost a century after they were assessed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is Indemnity in Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Indemnity is a comprehensive form of insurance compensation for damage or loss. It amounts to a contractual agreement between two parties in which one party agrees to pay for potential losses or damage caused by another party.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is the Purpose of Indemnity?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Indemnification, or indemnity, designates one party (the indemnifying party) as being required to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming from third-party damage claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is the Rule of Indemnity in Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With indemnity insurance, one party commits to compensate another for prospective loss or damage. In insurance policies, in exchange for premiums paid by the insured to the insurer, the insurer offers to compensate the insured for any potential damage or losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-55\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-56\">Indemnity is a type of insurance compensation paid for damage or loss. When the term is used in the legal sense, it also may refer to an exemption from liability for damage. Indemnity is a contractual agreement between two parties in which one party agrees to pay for potential losses or damage caused by another party. Typically, an insurance contract dictates that the insurer, also known as the indemnitor, agrees to compensate the other party involved (the insured or the indemnitee) for any damage or losses in return for premiums paid by the insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/i/indemnity.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Indemnity: What It Means in Insurance and the Law','','inherit','closed','closed','','3447-revision-v1','','','2023-09-03 11:26:53','2023-09-03 11:26:53','',3447,'http://smartinsurance.tips/?p=3449',0,'revision','',0),(3450,1,'2023-09-03 11:34:34','2023-09-03 11:34:34','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Information to help you find car insurance, no matter what your circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3451,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-50-1024x536.png\" alt=\"\" class=\"wp-image-3451\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Auto insurance is mandated nearly everywhere in the United States. But it can be hard to get a policy if you have a poor driving record or are seen as a high risk for other reasons. This information will help you find coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Why you might be denied traditional coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Having auto insurance is necessary in order to legally drive a car in the United States. But you might find it difficult to get a policy through traditional private insurance companies if you are a high risk to them because:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You have a poor driving record – </strong>A history of collisions, traffic violations or DUI/DWI convictions make it difficult—and extremely expensive—to get insurance.</li><li><strong>You have not driven long enough – </strong>It\'s harder to insure teenage drivers because of their inexperience behind the wheel, (and their greater tendency toward unsafe behaviors associated with youth).</li><li><strong>You have no insurance record or a bad insurance record – </strong>If you haven\'t owned your car very long, you\'re an unknown risk. A history of insurance violations or lapses for non-payment will also make you a poor risk.</li><li><strong>You have a bad credit rating – </strong>Many insurers use credit information as a predictor of risk, as people who do not effectively manage their credit tend to make more claims.</li><li><strong>You live in an area where theft and vandalism losses are high – </strong>The increased possibility of body damage, of stolen car parts—or of an entire stolen car—can make insurers turn you away.</li><li><strong>You own a special or high performance car – </strong>Custom or classic vehicles have their own insurance needs.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>Options if you\'re denied insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you\'re denied insurance, the first step is to call another insurer—different companies have different parameters. However, if several insurers have denied you, you may need to consider these options:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Join a state assigned risk pool –</strong>&nbsp;Auto insurers participate on a voluntary basis in state assigned risk pools. Each insurer must accept the motorists assigned to it by the state.</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\">While risk pool premiums are substantially higher than insurance obtained directly with a private company, they do provide auto coverage no matter what the driver\'s history. To find the assigned risk pool or the equivalent in your state, ask your insurance professional or the state insurance department.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Get a policy from a private insurance company that specializes in “high-risk” drivers –</strong>These insurers write \"non-standard\" policies for people with bad accident records, high-performance cars, or who live in high-risk neighborhoods. They also may be able to sell you more comprehensive coverage than is available through assigned risk pools.</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\">To get a list of companies that sell non-standard auto insurance, contact your insurance professional, your state insurance department or Roughnotes, a company that serves the independent insurance agent market and can refer you to the appropriate brokers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>Take steps to become a lower risk for insurers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Having to resort to state risk pools or non-standard insurance reduces your choices and is more expensive. But the longer your clean driving and financial records, the better your chance to get back in the good graces of a traditional insurance company. To help:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Take a defensive driving course </strong>to learn the skills that can help you avoid accidents. Teens can benefit from driver education and safe driving practices.</li><li><strong>Drive safely and diligently obey traffic laws </strong>to avoid accidents and tickets for moving and other violations. Take extra care to avoid deer-car collisions and prevent road rage incidents.</li><li><strong>NEVER drink and drive. </strong>Make sure you have a designated driver when you go out.</li><li><strong>Repair your credit </strong>to show that you are financially responsible.</li><li><strong>Buy a safe car</strong>. You will drive more safely and if you do have an accident people will be less likely to sustain injuries.</li><li><strong>Take precautions against theft and carjacking</strong> with behaviors and car features that help prevent it.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.iii.org/article/what-if-i-cant-find-auto-coverage\">click here.</a></p>\n<!-- /wp:paragraph -->','What if I can\'t find auto coverage?','','publish','closed','closed','','what-if-i-cant-find-auto-coverage','','','2023-09-03 11:34:34','2023-09-03 11:34:34','',0,'http://smartinsurance.tips/?p=3450',0,'post','',0),(3451,1,'2023-09-03 11:28:34','2023-09-03 11:28:34','','My-project-1-50','','inherit','closed','closed','','my-project-1-50','','','2023-09-03 11:28:34','2023-09-03 11:28:34','',3450,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-50.png',0,'attachment','image/png',0),(3452,1,'2023-09-03 11:34:34','2023-09-03 11:34:34','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Information to help you find car insurance, no matter what your circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3451,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-50-1024x536.png\" alt=\"\" class=\"wp-image-3451\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Auto insurance is mandated nearly everywhere in the United States. But it can be hard to get a policy if you have a poor driving record or are seen as a high risk for other reasons. This information will help you find coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Why you might be denied traditional coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Having auto insurance is necessary in order to legally drive a car in the United States. But you might find it difficult to get a policy through traditional private insurance companies if you are a high risk to them because:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You have a poor driving record – </strong>A history of collisions, traffic violations or DUI/DWI convictions make it difficult—and extremely expensive—to get insurance.</li><li><strong>You have not driven long enough – </strong>It\'s harder to insure teenage drivers because of their inexperience behind the wheel, (and their greater tendency toward unsafe behaviors associated with youth).</li><li><strong>You have no insurance record or a bad insurance record – </strong>If you haven\'t owned your car very long, you\'re an unknown risk. A history of insurance violations or lapses for non-payment will also make you a poor risk.</li><li><strong>You have a bad credit rating – </strong>Many insurers use credit information as a predictor of risk, as people who do not effectively manage their credit tend to make more claims.</li><li><strong>You live in an area where theft and vandalism losses are high – </strong>The increased possibility of body damage, of stolen car parts—or of an entire stolen car—can make insurers turn you away.</li><li><strong>You own a special or high performance car – </strong>Custom or classic vehicles have their own insurance needs.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>Options if you\'re denied insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you\'re denied insurance, the first step is to call another insurer—different companies have different parameters. However, if several insurers have denied you, you may need to consider these options:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Join a state assigned risk pool –</strong>&nbsp;Auto insurers participate on a voluntary basis in state assigned risk pools. Each insurer must accept the motorists assigned to it by the state.</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\">While risk pool premiums are substantially higher than insurance obtained directly with a private company, they do provide auto coverage no matter what the driver\'s history. To find the assigned risk pool or the equivalent in your state, ask your insurance professional or the state insurance department.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Get a policy from a private insurance company that specializes in “high-risk” drivers –</strong>These insurers write \"non-standard\" policies for people with bad accident records, high-performance cars, or who live in high-risk neighborhoods. They also may be able to sell you more comprehensive coverage than is available through assigned risk pools.</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\">To get a list of companies that sell non-standard auto insurance, contact your insurance professional, your state insurance department or Roughnotes, a company that serves the independent insurance agent market and can refer you to the appropriate brokers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>Take steps to become a lower risk for insurers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Having to resort to state risk pools or non-standard insurance reduces your choices and is more expensive. But the longer your clean driving and financial records, the better your chance to get back in the good graces of a traditional insurance company. To help:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Take a defensive driving course </strong>to learn the skills that can help you avoid accidents. Teens can benefit from driver education and safe driving practices.</li><li><strong>Drive safely and diligently obey traffic laws </strong>to avoid accidents and tickets for moving and other violations. Take extra care to avoid deer-car collisions and prevent road rage incidents.</li><li><strong>NEVER drink and drive. </strong>Make sure you have a designated driver when you go out.</li><li><strong>Repair your credit </strong>to show that you are financially responsible.</li><li><strong>Buy a safe car</strong>. You will drive more safely and if you do have an accident people will be less likely to sustain injuries.</li><li><strong>Take precautions against theft and carjacking</strong> with behaviors and car features that help prevent it.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.iii.org/article/what-if-i-cant-find-auto-coverage\">click here.</a></p>\n<!-- /wp:paragraph -->','What if I can\'t find auto coverage?','','inherit','closed','closed','','3450-revision-v1','','','2023-09-03 11:34:34','2023-09-03 11:34:34','',3450,'http://smartinsurance.tips/?p=3452',0,'revision','',0),(3453,1,'2023-09-03 11:37:17','2023-09-03 11:37:17','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Learn how insurers evaluate your driving record.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3454,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-51-1024x536.png\" alt=\"\" class=\"wp-image-3454\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your driving record is taken into account when you get your auto policy—the more driving risk you\'ve demonstrated in the past, the more you might have to pay for your auto insurance premiums. So it makes sense that your insurer might re-evaluate your rates after claims or other driving incidents (such as moving violations) that are primarily your fault.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>Accidents and auto insurance premiums</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When it comes to evaluating your driving record for the purposes of reassessing your insurance rates, practices vary from company to company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In general, when you make a claim against your insurance policy above a specific amount due to an incident that is primarily your fault, an insurer will increase your premium by a certain percentage. The amounts and percentages and ceilings of these increases vary from company to company and these increases generally stay on your premium for three years following the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Different insurers have different rules about what constitutes an unacceptably bad driving record. If your history gets markedly worse with serious traffic violations or you have several accidents, your insurance company may decide not to renew your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some types of accidents are worse than others—for example, a drunk driving incident is likely to trigger a nonrenewal from virtually every insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>It\'s&nbsp;<em>always&nbsp;</em>best to report an accident</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you\'re reluctant to file an auto insurance claim because you fear that your premium will go up or your policy will be canceled, understand that you will be taking a risk by not reporting an incident, even if the damage seems minor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If anyone else involved in the accident sues you weeks or months later, not having reported the incident will make it harder for your insurer to gather evidence to represent you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Worse, your failure to promptly report the accident might put your insurance coverage in jeopardy: if your insurer isn\'t informed in a timely manner, the company may refuse to honor your policy altogether.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.iii.org/article/if-i-file-claim-will-my-premium-go\">click here.</a></p>\n<!-- /wp:paragraph -->','Do auto insurance premiums go up after a claim?','','publish','closed','closed','','do-auto-insurance-premiums-go-up-after-a-claim','','','2023-09-03 11:37:17','2023-09-03 11:37:17','',0,'http://smartinsurance.tips/?p=3453',0,'post','',0),(3454,1,'2023-09-03 11:35:55','2023-09-03 11:35:55','','My-project-1-51','','inherit','closed','closed','','my-project-1-51','','','2023-09-03 11:35:55','2023-09-03 11:35:55','',3453,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-51.png',0,'attachment','image/png',0),(3455,1,'2023-09-03 11:37:17','2023-09-03 11:37:17','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Learn how insurers evaluate your driving record.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3454,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-51-1024x536.png\" alt=\"\" class=\"wp-image-3454\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your driving record is taken into account when you get your auto policy—the more driving risk you\'ve demonstrated in the past, the more you might have to pay for your auto insurance premiums. So it makes sense that your insurer might re-evaluate your rates after claims or other driving incidents (such as moving violations) that are primarily your fault.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>Accidents and auto insurance premiums</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When it comes to evaluating your driving record for the purposes of reassessing your insurance rates, practices vary from company to company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In general, when you make a claim against your insurance policy above a specific amount due to an incident that is primarily your fault, an insurer will increase your premium by a certain percentage. The amounts and percentages and ceilings of these increases vary from company to company and these increases generally stay on your premium for three years following the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Different insurers have different rules about what constitutes an unacceptably bad driving record. If your history gets markedly worse with serious traffic violations or you have several accidents, your insurance company may decide not to renew your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some types of accidents are worse than others—for example, a drunk driving incident is likely to trigger a nonrenewal from virtually every insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>It\'s&nbsp;<em>always&nbsp;</em>best to report an accident</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you\'re reluctant to file an auto insurance claim because you fear that your premium will go up or your policy will be canceled, understand that you will be taking a risk by not reporting an incident, even if the damage seems minor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If anyone else involved in the accident sues you weeks or months later, not having reported the incident will make it harder for your insurer to gather evidence to represent you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Worse, your failure to promptly report the accident might put your insurance coverage in jeopardy: if your insurer isn\'t informed in a timely manner, the company may refuse to honor your policy altogether.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.iii.org/article/if-i-file-claim-will-my-premium-go\">click here.</a></p>\n<!-- /wp:paragraph -->','Do auto insurance premiums go up after a claim?','','inherit','closed','closed','','3453-revision-v1','','','2023-09-03 11:37:17','2023-09-03 11:37:17','',3453,'http://smartinsurance.tips/?p=3455',0,'revision','',0),(3456,1,'2023-09-03 11:46:25','2023-09-03 11:46:25','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3457,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-53-1024x536.png\" alt=\"\" class=\"wp-image-3457\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’ve filed a claim after a car accident, there is always a possibility that your car insurance company could deny your claim. Although it is stressful to hear that your claim was denied, you can still appeal your insurance company’s decision. Before you start the appeals process, it can be helpful to first understand the reason for the rejection to help you plan your next steps. Bankrate’s insurance editorial team explains what can cause an auto insurance company to deny your claim and some options you can consider if you want to appeal the decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What’s a claim denial letter?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">After you file a claim with your auto insurance company, an insurance adjuster will be responsible for documenting the details of the accident. After analyzing the facts provided, the adjuster will determine whether or not the car insurance claim will be denied or accepted. If the accident is deemed not covered by your auto insurance policy, the insurance company will send you a formal letter stating what factors led to the decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A denied car insurance claim doesn’t necessarily mean the end of the claims process. If you do not agree with your insurer’s claim denial, you have the right to appeal the insurance company’s decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Why did my car insurance company deny my claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Depending on the circumstances surrounding your car insurance claim, several factors could lead to your claim being denied. Police reports, eyewitness statements, recreating an accident scenario and more can influence the outcome of a submitted auto insurance claim. In some cases, a claim could even be denied due to bad faith or misrepresentation of the facts, making it important to be truthful and accurate to your car insurance company when reporting your claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you receive a denial letter, read it carefully, as it will typically include supporting evidence for the decision. Some common reasons a claim is denied include the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Lapsed insurance policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Failure to pay your insurance premium on time can result in a lapse in coverage, meaning you don’t have an active policy to file your claim against. Paying your auto and home insurance premiums on time is the best way to ensure coverage is in force when you have to file a claim. Whether you pay the policy term in full or use auto-pay to prevent missed payments, avoiding a lapse in coverage is crucial. In addition to the likelihood of your claim being denied, a lapse in coverage could also result in fines and other penalties, such as a suspension of your driver’s license and vehicle registration, depending on your state.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Policy exclusions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you purchase car insurance, pay attention to the coverages you choose and what they provide financial protection for. For example, you may have an older car and feel comprehensive and collision coverage is not needed. However, if your car is stolen or you cause an accident, the insurance company will not be able to assist without the proper coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When reviewing your claim, the adjuster can see your policy’s inclusions. Filing a claim for damage that you either lack coverage for or that is specifically excluded will result in a claims denial letter being sent by your insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Not enough coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It can be tempting to choose state minimum liability limits to keep the cost of car insurance low. While you may save on your premium, if you are involved in an accident with several injuries to others or hit an expensive car or building, you may exhaust your liability limits and be vulnerable to a devastating financial loss. For example, say you have $25,000 in property damage liability coverage but you total a car worth $40,000. The auto insurance company can pay up to the $25,000 allotted, but deny the remaining $15,000, which could leave you vulnerable to a lawsuit for the remaining amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Accident involving an uninsured motorist</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While most states require liability coverage, not all require uninsured motorist coverage. If someone causes an accident with you, provides false insurance information or does a hit-and-run, finding proper insurance details may be difficult or impossible. If you do not carry uninsured or underinsured motorist coverage, your claim could be denied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">At-fault driver’s insurer denied your claim</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In instances where another driver is considered at fault, and their auto insurance company denies the claim, there could be several reasons why. Some examples include providing incorrect insurance details or not having enough or the right coverage. Additionally, if an accident occurs in a no-fault state, you are responsible for paying for your medical expenses up to your policy’s limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Appeal your car insurance claim denial</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can appeal the decision if you feel an error in the car insurance company’s claim denial. Most insurance companies have a process in place for you to contest a denied claim. Here are some steps to consider taking in appealing an auto insurance claim decision:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Gather evidence:</strong>&nbsp;Review any documentation provided by the insurance company and gather the evidence you need to appeal. This could include police reports, eyewitness information, photographs, medical reports and other supporting evidence. Make copies of everything to provide to the insurance company so you can keep the originals.</li><li><strong>Draft an appeal letter:</strong>&nbsp;This letter will spell out why you do not agree with the insurance company’s decision. Make sure you explain why each piece of information was provided in step one, such as any police reports. Provide as much detail as possible, referencing policy information and the claims denial letter as needed.</li><li><strong>Consider hiring an attorney:</strong>&nbsp;If you are not comfortable taking these steps or want an expert’s opinion, it may be a good idea to hire an attorney. They can review the case and supporting documents to draft a demand letter requiring the insurance company to respond and defend its claim denial. While it may cost you money upfront, it could be a worthwhile expense to have the claim denial overturned if you feel your insurer made the wrong decision.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Understanding the claim denial letter and why an auto insurance company decided not to make a payout is the first step in determining the validity of a denied car insurance claim. Most instances of auto claims denials are valid, although others may not be. In this case, appealing the insurance company’s decision can get the decision reversed or an offer made to cover the damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/insurance-claim-denied/#appeal-your-car-insurance-claim-denial\">click here.</a></p>\n<!-- /wp:paragraph -->','What to do if a car insurance company denies your claim?','','publish','closed','closed','','what-to-do-if-a-car-insurance-company-denies-your-claim','','','2023-09-03 11:46:25','2023-09-03 11:46:25','',0,'http://smartinsurance.tips/?p=3456',0,'post','',0),(3457,1,'2023-09-03 11:39:15','2023-09-03 11:39:15','','My-project-1-53','','inherit','closed','closed','','my-project-1-53-2','','','2023-09-03 11:39:15','2023-09-03 11:39:15','',3456,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-53.png',0,'attachment','image/png',0),(3458,1,'2023-09-03 11:46:25','2023-09-03 11:46:25','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3457,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-53-1024x536.png\" alt=\"\" class=\"wp-image-3457\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’ve filed a claim after a car accident, there is always a possibility that your car insurance company could deny your claim. Although it is stressful to hear that your claim was denied, you can still appeal your insurance company’s decision. Before you start the appeals process, it can be helpful to first understand the reason for the rejection to help you plan your next steps. Bankrate’s insurance editorial team explains what can cause an auto insurance company to deny your claim and some options you can consider if you want to appeal the decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What’s a claim denial letter?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">After you file a claim with your auto insurance company, an insurance adjuster will be responsible for documenting the details of the accident. After analyzing the facts provided, the adjuster will determine whether or not the car insurance claim will be denied or accepted. If the accident is deemed not covered by your auto insurance policy, the insurance company will send you a formal letter stating what factors led to the decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A denied car insurance claim doesn’t necessarily mean the end of the claims process. If you do not agree with your insurer’s claim denial, you have the right to appeal the insurance company’s decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Why did my car insurance company deny my claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Depending on the circumstances surrounding your car insurance claim, several factors could lead to your claim being denied. Police reports, eyewitness statements, recreating an accident scenario and more can influence the outcome of a submitted auto insurance claim. In some cases, a claim could even be denied due to bad faith or misrepresentation of the facts, making it important to be truthful and accurate to your car insurance company when reporting your claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you receive a denial letter, read it carefully, as it will typically include supporting evidence for the decision. Some common reasons a claim is denied include the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Lapsed insurance policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Failure to pay your insurance premium on time can result in a lapse in coverage, meaning you don’t have an active policy to file your claim against. Paying your auto and home insurance premiums on time is the best way to ensure coverage is in force when you have to file a claim. Whether you pay the policy term in full or use auto-pay to prevent missed payments, avoiding a lapse in coverage is crucial. In addition to the likelihood of your claim being denied, a lapse in coverage could also result in fines and other penalties, such as a suspension of your driver’s license and vehicle registration, depending on your state.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Policy exclusions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you purchase car insurance, pay attention to the coverages you choose and what they provide financial protection for. For example, you may have an older car and feel comprehensive and collision coverage is not needed. However, if your car is stolen or you cause an accident, the insurance company will not be able to assist without the proper coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When reviewing your claim, the adjuster can see your policy’s inclusions. Filing a claim for damage that you either lack coverage for or that is specifically excluded will result in a claims denial letter being sent by your insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Not enough coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It can be tempting to choose state minimum liability limits to keep the cost of car insurance low. While you may save on your premium, if you are involved in an accident with several injuries to others or hit an expensive car or building, you may exhaust your liability limits and be vulnerable to a devastating financial loss. For example, say you have $25,000 in property damage liability coverage but you total a car worth $40,000. The auto insurance company can pay up to the $25,000 allotted, but deny the remaining $15,000, which could leave you vulnerable to a lawsuit for the remaining amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Accident involving an uninsured motorist</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While most states require liability coverage, not all require uninsured motorist coverage. If someone causes an accident with you, provides false insurance information or does a hit-and-run, finding proper insurance details may be difficult or impossible. If you do not carry uninsured or underinsured motorist coverage, your claim could be denied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">At-fault driver’s insurer denied your claim</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In instances where another driver is considered at fault, and their auto insurance company denies the claim, there could be several reasons why. Some examples include providing incorrect insurance details or not having enough or the right coverage. Additionally, if an accident occurs in a no-fault state, you are responsible for paying for your medical expenses up to your policy’s limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Appeal your car insurance claim denial</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can appeal the decision if you feel an error in the car insurance company’s claim denial. Most insurance companies have a process in place for you to contest a denied claim. Here are some steps to consider taking in appealing an auto insurance claim decision:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Gather evidence:</strong>&nbsp;Review any documentation provided by the insurance company and gather the evidence you need to appeal. This could include police reports, eyewitness information, photographs, medical reports and other supporting evidence. Make copies of everything to provide to the insurance company so you can keep the originals.</li><li><strong>Draft an appeal letter:</strong>&nbsp;This letter will spell out why you do not agree with the insurance company’s decision. Make sure you explain why each piece of information was provided in step one, such as any police reports. Provide as much detail as possible, referencing policy information and the claims denial letter as needed.</li><li><strong>Consider hiring an attorney:</strong>&nbsp;If you are not comfortable taking these steps or want an expert’s opinion, it may be a good idea to hire an attorney. They can review the case and supporting documents to draft a demand letter requiring the insurance company to respond and defend its claim denial. While it may cost you money upfront, it could be a worthwhile expense to have the claim denial overturned if you feel your insurer made the wrong decision.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Understanding the claim denial letter and why an auto insurance company decided not to make a payout is the first step in determining the validity of a denied car insurance claim. Most instances of auto claims denials are valid, although others may not be. In this case, appealing the insurance company’s decision can get the decision reversed or an offer made to cover the damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/insurance-claim-denied/#appeal-your-car-insurance-claim-denial\">click here.</a></p>\n<!-- /wp:paragraph -->','What to do if a car insurance company denies your claim?','','inherit','closed','closed','','3456-revision-v1','','','2023-09-03 11:46:25','2023-09-03 11:46:25','',3456,'http://smartinsurance.tips/?p=3458',0,'revision','',0),(3459,1,'2023-09-03 11:53:38','2023-09-03 11:53:38','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3460,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-54-1024x536.png\" alt=\"\" class=\"wp-image-3460\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Standard home insurance provides coverage for many types of damage and losses — but not all. A claim could be denied due to lack of coverage, homeowner negligence, missing a filing deadline or not having enough documentation. However, it may be possible to dispute a denied home insurance claim or an unfair settlement by following the process outlined below.</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\">Key takeaways</h4>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Reviewing your home insurance policy before a claim occurs can help you understand what types of damage and events are covered by your policy and what is excluded.</li><li>When filing an appeal or disputing a claim, it is important to have the right documentation and evidence to support your case.</li><li>You may hire an independent appraiser or a public insurance adjuster to provide a professional opinion on your claim dispute.</li><li>If you feel your insurer has denied your claim unfairly, you may register a complaint with the state insurance department.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Review your claim and coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ideally, experts recommend reviewing your home insurance policy before a claim ever occurs to help minimize the risk of a gap in insurance coverage. Knowing what types of damage and events are covered — and aren’t — can help you financially prepare for what may need to be paid for out of pocket. Look at the perils and property included, check for any exclusions, review your deductible and familiarize yourself with the claim submission process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you filed a claim and are questioning the insurer’s response, checking the information you submitted is important. Ask yourself if you provided adequate supporting evidence and documentation. If you still feel the insurer misjudged your claim, you might consider filing an appeal.</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>Tips when reviewing your coverage</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As you are reviewing your policy, you may find it helpful to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Learn more about how to read your policy.</li><li>Write out all the questions you have for your insurance company.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. File an appeal</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you are confident you understand the way the policy is written, you can call the insurance company and ask for your home insurance claim to be reviewed again or request a new examination based on new information. It is possible a mistake was made by an adjuster the first time around. If you have any questions about your policy’s coverage, your claims adjuster can help answer those, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To file an appeal, having the right documentation is paramount. This may include dates and details of the incident, as well as photos, videos and witness statements, if applicable.</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>Tips when filing an appeal</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you plan to file an appeal, these tips might help:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Ask for another home visit.</li><li>Collect as much documentation and proof as possible.</li><li>Explain the reasoning for your appeal in a clearly worded letter.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Get another professional opinion</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have requested a re-examination of your claim and the request was denied or the claim was denied again, then it may be time for another professional opinion. As a consumer, you have the right to hire an independent appraiser or a public insurance adjuster. A public insurance adjuster is not affiliated with any particular carrier and may be hired on your behalf to help you settle a claim. The adjuster should be licensed in the state where you are filing the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When hiring a professional, it’s a good idea to check references and recommendations. You can also call your state insurance department to confirm the adjuster’s record.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While an independent appraiser or public adjuster may provide useful assistance, hiring one usually comes at an additional cost. Independent adjusters may charge up to 15 percent of the settlement claim, and there are no guarantees the claim will be settled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Hiring an independent party can either show support for the insurance carrier’s original denial or provide support for your claim. If the recommendation made by the public insurance adjuster supports your claim, you could consider contacting your insurance provider and requesting to speak to the claims manager. At that point, you might request the claim be reviewed once again.</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>Tips when contacting an unaffiliated insurance professional</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you do bring in an independent insurance adjuster to help dispute your insurance claim, you may want to keep these tips in mind:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Ask for recommendations from friends or family members who have gone through the process of having a claim denied and seeking third-party help.</li><li>Ask for references from the public adjuster and consider checking the Better Business Bureau and your state’s Department of Insurance for reviews and ratings.</li><li>Avoid using a public insurance adjuster who goes door to door to solicit business after a catastrophe.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. File a complaint with your state’s insurance department</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you hired a third party and the home insurance claim was denied again or you were offered too low of a settlement, you could register a complaint with the state insurance department. This option may be best if you feel your insurer denied your claim unfairly, and you would like the insurance department to investigate the situation and confirm the insurance company is in the right.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you contact the department, you may also be made aware of additional resources you didn’t realize were an option. The National Association of Insurance Commissioners (NAIC) has a list of each state’s Department of Insurance, which should have information on how to file a complaint in your state.</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>Tips when filing a complaint</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When filing a complaint, experts recommend that you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Ask the state insurance department if there are any available resources to contact the insurance carrier directly in order to discuss your claim.</li><li>The department usually dictates a time limit for insurers to respond to a claim. You can inquire if the insurance carrier responded in a timely manner.</li><li>Check the available NAIC consumer resources to see if any other complaints have been filed against the insurer.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. Hire an attorney</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another option is hiring an attorney, although this route will have to be paid for out of pocket. Attorneys typically charge a consultation fee and an hourly rate for legal advice, which means the expenses can add up quickly. You will have to balance the cost of an attorney with the end result of having a claim approved — or potentially denied again — and determine if the process is worth it for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Terms to know when disputing a home insurance claim denial or settlement</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are a few terms used in claims filing and processing that may be helpful to know up front.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>Term</th><th>Meaning</th></tr></thead><tbody><tr><td>Appraisal</td><td>An appraisal is a detailed assessment of either the property or property damage. An appraisal is written by an adjuster to estimate the amount of damage from a loss. The initial appraisal is usually provided at no charge from the insurance carrier.</td></tr><tr><td>Mediation</td><td>Mediation is a meeting between a representative for the insurance carrier and the policyholder. A mediator will facilitate the meeting and both parties will present information regarding the claim. The goal is to find a solution for both parties.</td></tr><tr><td>Adjuster</td><td>An adjuster is a professional hired to evaluate property damage. The adjuster will determine how much damage has occurred to the property. They will also recommend the amount to be paid out for the damage.</td></tr><tr><td>Covered peril</td><td>A covered peril is a loss or event that is covered under your home insurance policy. If your home or personal items are damaged by a covered peril, your home insurance policy will provide a payout based on the adjuster’s findings.</td></tr><tr><td>Coverage limit</td><td>This is the maximum amount of money your insurance company will provide in the event of a covered loss. If the claim exceeds your policy’s coverage limits, you might have to pay the difference out-of-pocket.</td></tr><tr><td>Settlement</td><td>A settlement is the payout you receive from your insurance company after a covered claim. It’s calculated based on the adjuster’s investigation of the claim, including what was damaged and the estimated cost of repairs. If you have a deductible, it will be taken out of your final settlement.</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Reasons your home insurance claim may be denied</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Although a homeowners insurance policy is designed to provide financial protection in case of damage from a covered event, there are certain circumstances where a claim may be denied. These include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Lack of coverage –</strong> Homeowners policies do not cover every type of event or cause of damage. Policies have exclusions, meaning damage caused to your home by certain perils is not covered. For example, flood coverage is excluded from most standard homeowners insurance coverage.</li><li><strong>Missed filing deadline –</strong> There are time limits on when you are able to file a claim. Generally, this time limit could be up to a year from when the incident occurred, but it can vary by insurer and state. Experts recommend filing a claim as soon as the damage takes place and it is safe to do so to avoid missing critical deadlines.</li><li><strong>Not enough documentation –</strong> If you fail to submit sufficient documentation, such as photos, videos or witness statements, it could result in a denial of your claim. Insurance adjusters rely on the details when making a decision, so the more supporting evidence, the more informed a decision the adjuster can likely make.</li><li><strong>Negligence –</strong> You are responsible for the upkeep of your home, which includes regular maintenance and repairs. Failure to maintain your home or perform repairs as needed can cause your appeal to be denied if found to have contributed to the cause of loss.</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\">Sometimes, your insurer may not deny your claim outright. Instead, a settlement could come in lower than expected. If this is the case, the same process of examining all related documentation, asking for another review and hiring an independent adjuster could be used to dispute a home insurance claim settlement offer. You could also seek the advice of an attorney before accepting a settlement amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/homeowners-insurance/dispute-claim-denials/#reasons-your-home-insurance-claim-may-be-denied\">click here.</a></p>\n<!-- /wp:paragraph -->','How to dispute home insurance claim denials and settlements?','','publish','closed','closed','','how-to-dispute-home-insurance-claim-denials-and-settlements','','','2023-09-03 11:53:38','2023-09-03 11:53:38','',0,'http://smartinsurance.tips/?p=3459',0,'post','',0),(3460,1,'2023-09-03 11:48:08','2023-09-03 11:48:08','','My-project-1-54','','inherit','closed','closed','','my-project-1-54-2','','','2023-09-03 11:48:08','2023-09-03 11:48:08','',3459,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-54.png',0,'attachment','image/png',0),(3461,1,'2023-09-03 11:53:38','2023-09-03 11:53:38','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3460,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-54-1024x536.png\" alt=\"\" class=\"wp-image-3460\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Standard home insurance provides coverage for many types of damage and losses — but not all. A claim could be denied due to lack of coverage, homeowner negligence, missing a filing deadline or not having enough documentation. However, it may be possible to dispute a denied home insurance claim or an unfair settlement by following the process outlined below.</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\">Key takeaways</h4>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Reviewing your home insurance policy before a claim occurs can help you understand what types of damage and events are covered by your policy and what is excluded.</li><li>When filing an appeal or disputing a claim, it is important to have the right documentation and evidence to support your case.</li><li>You may hire an independent appraiser or a public insurance adjuster to provide a professional opinion on your claim dispute.</li><li>If you feel your insurer has denied your claim unfairly, you may register a complaint with the state insurance department.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Review your claim and coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ideally, experts recommend reviewing your home insurance policy before a claim ever occurs to help minimize the risk of a gap in insurance coverage. Knowing what types of damage and events are covered — and aren’t — can help you financially prepare for what may need to be paid for out of pocket. Look at the perils and property included, check for any exclusions, review your deductible and familiarize yourself with the claim submission process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you filed a claim and are questioning the insurer’s response, checking the information you submitted is important. Ask yourself if you provided adequate supporting evidence and documentation. If you still feel the insurer misjudged your claim, you might consider filing an appeal.</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>Tips when reviewing your coverage</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As you are reviewing your policy, you may find it helpful to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Learn more about how to read your policy.</li><li>Write out all the questions you have for your insurance company.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. File an appeal</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you are confident you understand the way the policy is written, you can call the insurance company and ask for your home insurance claim to be reviewed again or request a new examination based on new information. It is possible a mistake was made by an adjuster the first time around. If you have any questions about your policy’s coverage, your claims adjuster can help answer those, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To file an appeal, having the right documentation is paramount. This may include dates and details of the incident, as well as photos, videos and witness statements, if applicable.</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>Tips when filing an appeal</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you plan to file an appeal, these tips might help:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Ask for another home visit.</li><li>Collect as much documentation and proof as possible.</li><li>Explain the reasoning for your appeal in a clearly worded letter.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Get another professional opinion</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have requested a re-examination of your claim and the request was denied or the claim was denied again, then it may be time for another professional opinion. As a consumer, you have the right to hire an independent appraiser or a public insurance adjuster. A public insurance adjuster is not affiliated with any particular carrier and may be hired on your behalf to help you settle a claim. The adjuster should be licensed in the state where you are filing the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When hiring a professional, it’s a good idea to check references and recommendations. You can also call your state insurance department to confirm the adjuster’s record.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While an independent appraiser or public adjuster may provide useful assistance, hiring one usually comes at an additional cost. Independent adjusters may charge up to 15 percent of the settlement claim, and there are no guarantees the claim will be settled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Hiring an independent party can either show support for the insurance carrier’s original denial or provide support for your claim. If the recommendation made by the public insurance adjuster supports your claim, you could consider contacting your insurance provider and requesting to speak to the claims manager. At that point, you might request the claim be reviewed once again.</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>Tips when contacting an unaffiliated insurance professional</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you do bring in an independent insurance adjuster to help dispute your insurance claim, you may want to keep these tips in mind:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Ask for recommendations from friends or family members who have gone through the process of having a claim denied and seeking third-party help.</li><li>Ask for references from the public adjuster and consider checking the Better Business Bureau and your state’s Department of Insurance for reviews and ratings.</li><li>Avoid using a public insurance adjuster who goes door to door to solicit business after a catastrophe.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. File a complaint with your state’s insurance department</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you hired a third party and the home insurance claim was denied again or you were offered too low of a settlement, you could register a complaint with the state insurance department. This option may be best if you feel your insurer denied your claim unfairly, and you would like the insurance department to investigate the situation and confirm the insurance company is in the right.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you contact the department, you may also be made aware of additional resources you didn’t realize were an option. The National Association of Insurance Commissioners (NAIC) has a list of each state’s Department of Insurance, which should have information on how to file a complaint in your state.</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>Tips when filing a complaint</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When filing a complaint, experts recommend that you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Ask the state insurance department if there are any available resources to contact the insurance carrier directly in order to discuss your claim.</li><li>The department usually dictates a time limit for insurers to respond to a claim. You can inquire if the insurance carrier responded in a timely manner.</li><li>Check the available NAIC consumer resources to see if any other complaints have been filed against the insurer.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. Hire an attorney</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another option is hiring an attorney, although this route will have to be paid for out of pocket. Attorneys typically charge a consultation fee and an hourly rate for legal advice, which means the expenses can add up quickly. You will have to balance the cost of an attorney with the end result of having a claim approved — or potentially denied again — and determine if the process is worth it for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Terms to know when disputing a home insurance claim denial or settlement</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are a few terms used in claims filing and processing that may be helpful to know up front.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>Term</th><th>Meaning</th></tr></thead><tbody><tr><td>Appraisal</td><td>An appraisal is a detailed assessment of either the property or property damage. An appraisal is written by an adjuster to estimate the amount of damage from a loss. The initial appraisal is usually provided at no charge from the insurance carrier.</td></tr><tr><td>Mediation</td><td>Mediation is a meeting between a representative for the insurance carrier and the policyholder. A mediator will facilitate the meeting and both parties will present information regarding the claim. The goal is to find a solution for both parties.</td></tr><tr><td>Adjuster</td><td>An adjuster is a professional hired to evaluate property damage. The adjuster will determine how much damage has occurred to the property. They will also recommend the amount to be paid out for the damage.</td></tr><tr><td>Covered peril</td><td>A covered peril is a loss or event that is covered under your home insurance policy. If your home or personal items are damaged by a covered peril, your home insurance policy will provide a payout based on the adjuster’s findings.</td></tr><tr><td>Coverage limit</td><td>This is the maximum amount of money your insurance company will provide in the event of a covered loss. If the claim exceeds your policy’s coverage limits, you might have to pay the difference out-of-pocket.</td></tr><tr><td>Settlement</td><td>A settlement is the payout you receive from your insurance company after a covered claim. It’s calculated based on the adjuster’s investigation of the claim, including what was damaged and the estimated cost of repairs. If you have a deductible, it will be taken out of your final settlement.</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Reasons your home insurance claim may be denied</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Although a homeowners insurance policy is designed to provide financial protection in case of damage from a covered event, there are certain circumstances where a claim may be denied. These include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Lack of coverage –</strong> Homeowners policies do not cover every type of event or cause of damage. Policies have exclusions, meaning damage caused to your home by certain perils is not covered. For example, flood coverage is excluded from most standard homeowners insurance coverage.</li><li><strong>Missed filing deadline –</strong> There are time limits on when you are able to file a claim. Generally, this time limit could be up to a year from when the incident occurred, but it can vary by insurer and state. Experts recommend filing a claim as soon as the damage takes place and it is safe to do so to avoid missing critical deadlines.</li><li><strong>Not enough documentation –</strong> If you fail to submit sufficient documentation, such as photos, videos or witness statements, it could result in a denial of your claim. Insurance adjusters rely on the details when making a decision, so the more supporting evidence, the more informed a decision the adjuster can likely make.</li><li><strong>Negligence –</strong> You are responsible for the upkeep of your home, which includes regular maintenance and repairs. Failure to maintain your home or perform repairs as needed can cause your appeal to be denied if found to have contributed to the cause of loss.</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\">Sometimes, your insurer may not deny your claim outright. Instead, a settlement could come in lower than expected. If this is the case, the same process of examining all related documentation, asking for another review and hiring an independent adjuster could be used to dispute a home insurance claim settlement offer. You could also seek the advice of an attorney before accepting a settlement amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/homeowners-insurance/dispute-claim-denials/#reasons-your-home-insurance-claim-may-be-denied\">click here.</a></p>\n<!-- /wp:paragraph -->','How to dispute home insurance claim denials and settlements?','','inherit','closed','closed','','3459-revision-v1','','','2023-09-03 11:53:38','2023-09-03 11:53:38','',3459,'http://smartinsurance.tips/?p=3461',0,'revision','',0),(3464,1,'2023-09-14 02:06:41','2023-09-14 02:06:41','{\"styles\":{\"color\":{\"background\":\"var:preset|color|light-green-cyan\"}},\"isGlobalStylesUserThemeJSON\":true,\"version\":2}','Custom Styles','','publish','closed','closed','','wp-global-styles-twentytwentythree','','','2023-09-14 02:12:58','2023-09-14 02:12:58','',0,'https://smartinsurance.tips/wp-global-styles-twentytwentythree/',0,'wp_global_styles','',0),(3465,1,'2023-09-14 02:12:58','2023-09-14 02:12:58','{\"styles\":{\"color\":{\"background\":\"var:preset|color|light-green-cyan\"}},\"isGlobalStylesUserThemeJSON\":true,\"version\":2}','Custom Styles','','inherit','closed','closed','','3464-revision-v1','','','2023-09-14 02:12:58','2023-09-14 02:12:58','',3464,'https://smartinsurance.tips/?p=3465',0,'revision','',0),(3619,1,'2023-11-22 17:04:00','2023-11-22 17:04:00','<!-- wp:paragraph -->\n<p>Credit card companies rake in billions each year collecting late fees. Change is coming, but here’s what you need to know in the meantime.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3620,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/11/Untitled-30-1024x1024.png\" alt=\"\" class=\"wp-image-3620\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>A man in Poughkeepsie, N.Y. with a $35 balance on his credit card says he was socked with a $41 late fee each of the three months he was unable to pay his bills because he was hospitalized. A woman in Union City, Calif., was hit with a $30 charge after paying her credit card bill a day late after an unexpected death in her family, while a man in Mishawaka, Ind., was charged a $33 late fee because the payment he made on a Friday wasn’t credited till the next Monday, making it a day late. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Those people, all of whom shared their stories with Consumer Reports, are among the 1 in 5 adult Americans—an estimated 52 million people—who paid a credit card late fee in the last 12 months, according to a September 2023 Consumer Reports nationally representative survey of 2,089 adults (PDF).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The frequency with which late fees are charged and the financial burden they create has made them a focus of the Consumer Financial Protection Bureau. The CFPB points out that these fees provide a giant source of revenue for credit card companies—in 2020, they raked in $12 billion this way. And while it may be reasonable to charge a customer a penalty for the costs incurred when a payment is late, the agency says, the size of the fee—which averages $30 for the first offense and $41 for subsequent ones–has gotten out of proportion and has little purpose but to pad profits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The CFPB recently proposed a rule that will still allow credit card companies to charge late fees, just ones it says are more in line with the true costs. The rule would slash late fees to no more than $8 (or, at the credit card company’s discretion, to 25 percent of the minimum balance due), and ban companies from increasing fees by the rate of inflation, as they have been doing. In CR’s survey, 82 percent of Americans said they supported lowering the maximum late fee. The final rule is expected by the end of the year and to take effect 60 days after that.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The proposed rule would also require credit card companies to send consumers a reminder a few days before a payment is due—something 84 percent of Americans in CR’s survey said they support—and provide a 15-day grace period for late payments before a fee is charged. Sixty-eight percent of Americans in CR’s survey said they thought a grace period was more fair than the current system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Rohit Chopra, the director of the CFPB, said in recent remarks that the fee structure in effect now is “a reflection of the asymmetry of power that punishes and penalizes consumers when they make mistakes, while credit card companies are often allowed to fine-print themselves out of trouble. This isn’t a sign of fair competition.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“These fees can take a serious toll on families’ pocketbooks,” says Chuck Bell, program manager for Consumer Reports who advocates on financial issues. “As more Americans face difficult decisions between paying a credit card bill or paying for groceries, gas, or housing, lowering late fees to a fair amount will go a long way to help people balance their household budget.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Fee Creep</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Today’s rules around late fees weren’t what Congress intended when it passed the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009—itself intended to curb industry abuses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before the CARD Act, a Supreme Court case nullified state limits on late fees at national banks, causing fees to soar to an average of $35 (about $50 in today’s dollars). But according to the CFPB, after the CARD Act was passed and fees dropped, the Federal Reserve, which was responsible for implementing it, allowed credit card companies to exploit loopholes and tie fee increases to the rate of inflation. As a result, fees crept back up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While some small banks and credit unions charge late fees of $25 or less, and a small but growing number of companies charge none at all or have special programs that offer payment flexibility, almost all of the major credit card issuers charge the maximum amount the law currently allows, the CFPB says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When the rule was proposed, the American Bankers Association, the Consumer Bankers Association, and the National Association of Federally-Insured Credit Unions—all industry groups—said it was based on incorrect assumptions about credit card late fees. They called the rule flawed policy that would harm all cardholders whether they pay on time, pay late, or carry a balance because it would make credit cards cost more and be harder to obtain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How High Fees Harm Consumers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>No one likes being hit with a fee, especially these days when everything has become so expensive. But credit card late fees are problematic not just because they cost so much. For example:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>People with a low income pay proportionately bigger fees.&nbsp;</strong>There are two reasons for this. First, people with lower incomes tend to have smaller credit card balances, the CFPB says. A flat $30 or $41 late fee due on a small amount of money owed means fees cost much more percentage-wise than they would on a larger debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Second, low-income earners pay almost twice as much in actual fees as high-income earners. When charged a late fee, people who make $150,000 a year paid an average of $15, while those earning $32,000 paid twice that amount, around $32, according to a CFPB analysis. One possible reason? “It could be that banks waive late fees more often for their well-to-do clients in an effort to keep them happy,” says Bill Hardekopf, CEO of BillSaver.com, a free service to help negotiate a lower rate for your bills. Another: Lower-income clients may not be so willing to ask a bank to remove or reduce their late fees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>People in majority Black neighborhoods pay more in late fees.&nbsp;</strong>The CFPB’s analysis also found that in ZIP codes where 90 percent of people are Black, the burden of late fees is felt hardest. Per account, Black people were charged on average more than $25 in late fees, while in places where the Black population was nearly zero, people paid less than $20 in late fees.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“The burden of high late fees appears to fall heavily on communities of color, and people living paycheck to paycheck, who have less income and assets,” Bell says.&nbsp;“These sharp, back-end penalties for paying late in effect make credit a lot more expensive for these customers.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Late fees may be charged even if the payment is just an hour late.&nbsp;</strong>The CFPB says most banks accept payments for that day up until 5 p.m. But Consumer Reports received stories from people who said they didn’t know which time zone the 5 p.m. deadline referred to, or who were just an hour or so late and still charged a substantial late fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, a woman in Eureka, Calif., another in Milo, Maine, and a man in Summerlin, Nev., all say they were hit with late fees of $41, $32, and $35, respectively, after paying their bill at 6 p.m. instead of 5 p.m. Another consumer in Montgomery, N.Y.,&nbsp;told us he was hit with a late fee of $29 because the bank’s cutoff was 8 p.m. EST and not midnight, as is the case with his other accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Other consumers said they wound up paying late fees because their payments weren’t credited over the weekend. “Requiring credit card companies to provide a 15 day grace period for payments would minimize the pain of scheduling conflicts, whether it’s over a weekend or holiday, or because of time zone confusion,” Bell says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Many people must prioritize paying rent and utilities or other debt</strong>. In the CR survey, we asked respondents who faced a late fee in the past year the reason or reasons it happened. Many (19 percent) said it was because they needed to pay other essentials first, such as rent or utilities. Others said they had an emergency that resulted in their inability to pay (17 percent), or they prioritized paying other debt (14 percent). Nine percent said they simply didn’t have the money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“I’ve been charged credit card late fees several times, and every time it’s not because I haven’t wanted to pay on time, but because I simply didn’t have the funds, hence needing credit cards to pay for basic needs like food and medical care,” Desirae Golis, from Anacortes, Wash., told CR. “Late fees are essentially a penalty for the poor, as of course the wealthy can set automatic payments and pay on time without fear of overdrafting.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6 Ways to Avoid a Credit Card Late Fee</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Sign up for monthly bill reminders via text or email. </strong>Don’t rely on paper bills sent via snail mail, or your memory, to remind you to pay a bill, Hardekopf says. In CR’s survey, the most common reason people said they were late with a payment was that they thought they’d already paid the bill (27 percent). For 12 percent, one of the problems was that they didn’t know when the payment was due. (Set up alerts by going online to your account, Hardekopf says, or by calling the credit card company’s customer service number.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Skip the mail and make payments digitally—or over the phone.</strong> In the CR survey question that asked about why a payment was late, 11 percent of Americans who were charged a late fee in the past year said it was due to the mail taking longer than expected. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Other people who shared their stories with CR said using their bank’s check-issuing feature, where the bank cuts and mails a paper check, took longer to be delivered than they expected. Online payments made before 5 p.m., on the other hand, usually post the same day.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To be sure, using a website to make a payment can fail, too, so if your online payment doesn’t go through, the next step is to call the 800 number on the back of your card to make a one-time phone payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Set up auto-pay at least for the minimum amount (or however much you can reasonably afford) each month.&nbsp;</strong>Although you always want to pay off as much credit card debt as you can reasonably afford, Hardekopf says, you can keep yourself out of hot water by ensuring that you meet the monthly minimum payment with autopay.&nbsp;Then, if you have the funds to make additional payments, do so from your online account, app, or by phone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4. In case of emergency, ask for a pause in payments.&nbsp;</strong>If you’ve experienced something significant—a death in the family, a hospitalized child, or a job loss, for example—and your payment is due, call the credit card company&nbsp;<em>before the due date</em>&nbsp;to ask for a pause in your payment, Hardekopf says. If it agrees, it will not only waive the late fee but also remove the burden of your having to make a payment for that month.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While there’s no hard and fast rule that a credit card company must show grace in your time of need, Hardekopf says, some will, and “it’s worth calling to ask.”&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5. Get alerts from your credit card company when payments are posted.&nbsp;</strong>Nine percent of people in CR’s survey who had a late fee in the past year said they were charged because the online payment didn’t go through. One way to avoid this hassle is to set up an alert so that you’re notified of your credit card activity, including each purchase you make and when your monthly payment goes through.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>6. Switch to a card with no late fees. </strong>If you don’t want to wait for the CFPB rule to take effect or deal with late fees at all, the agency notes in its report that some credit cards don’t charge them: Citi Simplicity, the Petal 2 Cash Back card, and the Apple card. Discover also offers a card that will automatically waive the first late fee. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/money/credit-cards/how-to-avoid-credit-card-late-fees-a8219928529/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Avoid Credit Card Late Fees','','publish','closed','closed','','how-to-avoid-credit-card-late-fees','','','2023-11-22 17:04:00','2023-11-22 17:04:00','',0,'https://smartinsurance.tips/?p=3619',0,'post','',0),(3468,1,'2023-09-26 23:46:41','2023-09-26 23:46:41','','My-project-1-39','','inherit','open','closed','','my-project-1-39-3','','','2023-09-26 23:46:41','2023-09-26 23:46:41','',2649,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-39.png',0,'attachment','image/png',0),(3469,1,'2023-09-26 23:46:49','2023-09-26 23:46:49','<!-- wp:image {\"id\":3468,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-39-1024x536.png\" alt=\"\" class=\"wp-image-3468\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">We love Halloween. What other night can you dress like a hot dog and eat all your favorite childhood sweets without having someone judge you? The problem is that we may love it a little&nbsp;<em>too&nbsp;</em>much.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">According to a the National Retail Federation, Americans plan to spend somewhere in the neighborhood of $10.14&nbsp;billion—that’s “billion” with a “b”—on Halloween this year.<sup>&nbsp;</sup>That means the average American will drop about $102&nbsp;on the holiday.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re tight on cash, that amount might sound scary. But the good news is: It doesn’t have to be. You don’t have to spend a zombie arm and a leg to have a memorable time. Try these seven tricks to&nbsp;stick like Laffy Taffy to your Halloween budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>1. Costumes</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The best part of Halloween (other than candy) is the costumes, hands down—from adorable babies dressed as koalas to the entire family decked out as the Addams Family. Costumes are all fun and games . . . until you realize what a money suck they are. Instead of buying a $40 Ninja Turtles costume for each of your four boys or sewing some rough-looking versions from scratch, turn hunting for your costume into a family game.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here’s how it works: Head to the consignment shop or thrift store with your brood and&nbsp;give each child an envelope with five or 10 bucks inside<strong>.</strong>&nbsp;Split into teams to pick out a costume or find materials to make a custom creation. When time’s up and purchases are made, head home and have the kids dig into their closets for the rest of their getups. There’s nothing like a happy homemade Halloween!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Don’t forget, just like kids grow out of clothes, they also grow out of their Halloween costumes. Check with your friends and neighbors to see if they’ll let you borrow a costume this year. Don’t drop big money for a brand-new Hulk outfit when little Timmy down the street has one your kid can wear for the night.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>2. Decorations</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For some people, Halloween is a&nbsp;<em>really</em>&nbsp;big deal (you know who you are). And for those guys, a single pumpkin on the front stoop just isn’t going to cut it. But if you’re not careful, buying Halloween décor year after year can really take a bite out of your budget. Pro tip: If you need your buck to stretch further, hit up your local&nbsp;dollar store&nbsp;for decorations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And if you really do go all out for Halloween, start saving and reusing your decorations. Since Halloween is almost as big of a deal as Christmas at your house, then prep for it the same way. Instead of trashing your decorations at the end of the season, start collecting items to reuse each year. Store all your ghouls and goblins in a reusable tub once the season is over. Now figuring out where to keep the giant headless horseman—that’s on you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>3. Candy</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Just because you live in a neighborhood that gets carloads of kids every year doesn’t mean you have to buy barrels of candy. It’s no secret that candy is pricey stuff. If you already know you’ll be visited by 50–100 princesses and superheroes, skip the gourmet chocolate bars and&nbsp;grab a bulk bag of assorted candy instead. Be on the lookout for coupons and any two-for-one deals, but don’t feel like you have to get the brand-name stuff either. Just buy what you can afford (even if that’s knock-offs of Dum Dums and Smarties).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And when the candy is gone, it’s gone. You know those kids are getting&nbsp;<em>a lot</em>&nbsp;of sugar, so you’re not really cheating the latecomers. They’ll be fine, really. Early birds get the gummy worms! Oh, and once you run out of candy, turn the lights off. There’s no need to get egged!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">One last tip when it comes to candy—keep track of how many trick-or-treaters actually visit your house so you can plan for next year. There’s no need to overbuy and get stuck eating all the leftovers (unless that’s what you were hoping for).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>4. Pumpkins</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For something that turns into a pile of moldy mush a few weeks after you buy it, a pumpkin sure costs a pretty penny. And it’s kind of like potato chips: You can’t have just one. Oh, no. Because of Instagram and Pinterest, we now think we need no less than a variety of twenty pumpkins spread across our porches, decks and tables.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Don’t get us wrong—pumpkins are fun. But it’s way too easy to overspend on these soon-to-be rotting gourds. So, what’s a pumpkin lover to do? Easy. Give yourself a pumpkin budget. We’re serious. Let the kids each pick one or cap yourself at $15—whatever you need to do to keep the spending in check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Going to the pumpkin patch is a blast, but don’t buy your pumpkins there if you’re looking to save some money. Instead, just go get pumpkins from the grocery store and be on the lookout for two-for-one deals that pop up. Because when it all boils down to it, a pumpkin is a pumpkin.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>5. Greeting Cards</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Wait. Does anyone really send out Halloween greeting cards? When was the last time&nbsp;<em>you&nbsp;</em>got a “Have a Batty Halloween” card in your mailbox? Nearly 45% of those surveyed by NRF this year said they planned on buying Halloween greeting cards, so there—somebody’s doing it.<a href=\"https://nrf.com/topics/holiday-and-seasonal-trends/halloween/halloween-data-center\" target=\"_blank\" rel=\"noreferrer noopener\"><sup>2</sup></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It goes without saying that you can make a boo-tiful greeting card without having to drop $6 on a glitter-bomb skeleton card for your favorite niece. Use some cardstock and get creative by drawing all kinds of spooky characters. Don’t forget to tape on a little something sweet too! If you have your heart set on a store-bought card, stroll the aisle looking for the two-for-a-dollar kind. But remember, you don’t&nbsp;<em>have&nbsp;</em>to send a card either.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>6. Fall Activities</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are heaps of harvest and Halloween festivals this time of year—and they’re usually free!&nbsp;Plus, there are plenty of other budget-friendly activities sure to please everyone in the family. Spend the day walking around a farm or enjoying a hayride. Take a drive out of town to look at the changing colors of the leaves. Go apple picking or enjoy a fall festival. Take advantage of what’s already going on in your church or community, and budget a little extra for any special food or rides. Festive fall food can really add up if you’re not careful, so save some cash by packing a picnic and a comfy quilt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>7. Family Traditions</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Carve out a weekend or two for some quality time together this fall—you don’t even have to leave your house! If you’re tired of carving pumpkins or dressing up, why not start some new, budget-friendly traditions?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">How about a fall-themed cooking day?&nbsp;Try caramel apples, pumpkin pie and jack-o’-lantern pizzas (use the pepperonis and veggies to make the face). Or have everyone vote for their favorite fall movies, then hunker down on the couch to get cozy and eat all those tasty treats you cooked up. And if you’d rather be outside enjoying the leaves, head over to the park for a scavenger hunt and enjoy the scenery while you search.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.ramseysolutions.com/budgeting/5-money-saving-tricks-for-happier-halloween\">click here.</a></p>\n<!-- /wp:paragraph -->','Have a Happy Halloween Without Scaring Your Budget','','inherit','closed','closed','','2649-revision-v1','','','2023-09-26 23:46:49','2023-09-26 23:46:49','',2649,'http://smartinsurance.tips/?p=3469',0,'revision','',0),(3470,1,'2023-09-27 16:49:53','2023-09-27 16:49:53','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3471,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-10-1024x536.png\" alt=\"\" class=\"wp-image-3471\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Every business needs cash. Regardless of how much revenue your business earns, if your cash is tied up in unsold inventory or receivables, that money doesn’t do you any good. Maintaining a healthy business cash flow gives you the capacity to meet your financial obligations and the flexibility to grow with new opportunities. You’ll have enough cash on hand to pay the bills, say “yes” to a new project or launch a marketing campaign.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Cash flow is the money coming into and going out of your business, tracked on a cash-flow statement. If you have positive cash flow, you have more money coming into your business – typically through sales or borrowed funds – than going out, to expenses such as payroll, inventory and rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But maintaining positive business cash flow isn’t easy; many entrepreneurs struggle with it, according to research by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. In some situations, a cash-flow loan may be the solution to a cash crisis, but that’s not always the case.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Below we outline six strategies for managing business cash flow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>1. Learn your cash-flow cycle</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">A cash-flow cycle is the time it takes to purchase raw materials, turn them into product, sell the product and collect payment. Philip Campbell, a certified public accountant and author of the book “Never Run Out of Cash,” says that to understand your cash-flow cycle, you should be able to answer two questions at any given time:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item {\"fontSize\":\"large\"} -->\n<li class=\"has-large-font-size\">What happened to your business\'s cash last month?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item {\"fontSize\":\"large\"} -->\n<li class=\"has-large-font-size\">What’s about to happen to your business’s cash?</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">You’ll learn the answers to these questions by keeping your business’s balance sheet and profit and loss statements up to date and reviewing them regularly. Once you understand your cash-flow cycle, Campbell says, you can work to correct any inconsistencies in it — for example, by paying your suppliers later or collecting payments earlier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>2. Urge your customers to pay on time</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The average debtor pays two weeks late, according to accounting platform Xero. So instead of waiting around to receive payments from your customers, Campbell says, “be proactive about getting paid.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Develop a system to remind customers to pay on time, such as setting up automatic emails to remind customers 10, seven and two days before a payment is due. If you don’t receive a payment on time, don’t be afraid to follow up with a more personal note or a phone call.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>3. Turn your inventory quickly</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">From a small-business owner’s perspective, inventory is basically the same as cash, says Will Katz, director of the Small Business Development Center at the University of Kansas. To maximize the cash your business has at any given time, turn your inventory more quickly, Katz says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For example, say a shoe store owner spends $500,000 buying shoes every year. If she makes two large shoe purchases each year, worth $250,000 each, she’ll have that amount tied up in inventory until those shoes sell. That leaves less cash available to meet financial obligations or reinvest in the business. But if she does five inventory turns a year, she will only have $100,000 in cash tied up in inventory at a given time, freeing up more cash.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>4. Negotiate with your vendors and customers</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Negotiation can be a powerful tool when it comes to maintaining healthy business cash flow. You can negotiate both your accounts receivable with customers and your accounts payable with vendors. For example, if a customer purchases a large order and suggests a 30- or 60-day payment term (common with large companies), ask if you can be paid sooner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“You’ll never get it if you don’t ask,” Katz says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">On the flip side, say you purchase raw materials from a supplier, but it’ll be weeks until you turn those materials into a saleable product. Ask your vendor if you can pay for the materials several days or even weeks after you receive them. If you have a good track record of paying your vendors on time, they’ll be more likely to agree to such an arrangement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>5. Consider invoice financing.</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you’re unable to negotiate or need cash even sooner than the time you’re able to agree upon with your customers, consider invoice financing, also known as accounts receivable financing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Slightly different from invoice factoring, which buys invoices at a discount, invoice financing companies will advance the total amount or a portion of your outstanding invoices, and you’ll repay that amount plus interest after you receive the invoice. Annual percentage rates for invoice financing products range from about 11% plus the prime rate to 64%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>6. Compare cash-flow loans</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you don’t have outstanding accounts receivable but want additional financing to increase your cash flow, cash-flow loans could be an option. Cash-flow loans are short-term, often high-interest loans or lines of credit offered by online lenders. You shouldn’t rely on cash-flow loans for typical expenses such as rent and payroll. Reserve them for expenses that will ultimately increase your business’s revenue, such as a marketing campaign or a new piece of equipment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But before you apply for a cash-flow loan, a working capital loan or any small-business loan, for that matter, compare your options based on factors including terms, APR and what you qualify for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\"></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.nerdwallet.com/article/small-business/business-cash-flow?trk_channel=web&amp;trk_copy=6%20Ways%20to%20Manage%20Cash%20Flow%20for%20Your%20Business&amp;trk_element=hyperlink&amp;trk_elementPosition=3&amp;trk_location=PostList&amp;trk_subLocation=image-list\">click here.</a></p>\n<!-- /wp:paragraph -->','6 Ways to Manage Cash Flow for Your Business','','publish','open','open','','6-ways-to-manage-cash-flow-for-your-business','','','2023-09-27 16:49:53','2023-09-27 16:49:53','',0,'http://smartinsurance.tips/?p=3470',0,'post','',0),(3471,1,'2023-09-27 16:42:07','2023-09-27 16:42:07','','My-project-1-10','','inherit','open','closed','','my-project-1-10-2','','','2023-09-27 16:42:07','2023-09-27 16:42:07','',3470,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-10.png',0,'attachment','image/png',0),(3472,1,'2023-09-27 16:49:53','2023-09-27 16:49:53','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3471,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-10-1024x536.png\" alt=\"\" class=\"wp-image-3471\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Every business needs cash. Regardless of how much revenue your business earns, if your cash is tied up in unsold inventory or receivables, that money doesn’t do you any good. Maintaining a healthy business cash flow gives you the capacity to meet your financial obligations and the flexibility to grow with new opportunities. You’ll have enough cash on hand to pay the bills, say “yes” to a new project or launch a marketing campaign.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Cash flow is the money coming into and going out of your business, tracked on a cash-flow statement. If you have positive cash flow, you have more money coming into your business – typically through sales or borrowed funds – than going out, to expenses such as payroll, inventory and rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But maintaining positive business cash flow isn’t easy; many entrepreneurs struggle with it, according to research by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. In some situations, a cash-flow loan may be the solution to a cash crisis, but that’s not always the case.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Below we outline six strategies for managing business cash flow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>1. Learn your cash-flow cycle</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">A cash-flow cycle is the time it takes to purchase raw materials, turn them into product, sell the product and collect payment. Philip Campbell, a certified public accountant and author of the book “Never Run Out of Cash,” says that to understand your cash-flow cycle, you should be able to answer two questions at any given time:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item {\"fontSize\":\"large\"} -->\n<li class=\"has-large-font-size\">What happened to your business\'s cash last month?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item {\"fontSize\":\"large\"} -->\n<li class=\"has-large-font-size\">What’s about to happen to your business’s cash?</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">You’ll learn the answers to these questions by keeping your business’s balance sheet and profit and loss statements up to date and reviewing them regularly. Once you understand your cash-flow cycle, Campbell says, you can work to correct any inconsistencies in it — for example, by paying your suppliers later or collecting payments earlier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>2. Urge your customers to pay on time</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The average debtor pays two weeks late, according to accounting platform Xero. So instead of waiting around to receive payments from your customers, Campbell says, “be proactive about getting paid.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Develop a system to remind customers to pay on time, such as setting up automatic emails to remind customers 10, seven and two days before a payment is due. If you don’t receive a payment on time, don’t be afraid to follow up with a more personal note or a phone call.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>3. Turn your inventory quickly</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">From a small-business owner’s perspective, inventory is basically the same as cash, says Will Katz, director of the Small Business Development Center at the University of Kansas. To maximize the cash your business has at any given time, turn your inventory more quickly, Katz says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For example, say a shoe store owner spends $500,000 buying shoes every year. If she makes two large shoe purchases each year, worth $250,000 each, she’ll have that amount tied up in inventory until those shoes sell. That leaves less cash available to meet financial obligations or reinvest in the business. But if she does five inventory turns a year, she will only have $100,000 in cash tied up in inventory at a given time, freeing up more cash.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>4. Negotiate with your vendors and customers</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Negotiation can be a powerful tool when it comes to maintaining healthy business cash flow. You can negotiate both your accounts receivable with customers and your accounts payable with vendors. For example, if a customer purchases a large order and suggests a 30- or 60-day payment term (common with large companies), ask if you can be paid sooner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“You’ll never get it if you don’t ask,” Katz says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">On the flip side, say you purchase raw materials from a supplier, but it’ll be weeks until you turn those materials into a saleable product. Ask your vendor if you can pay for the materials several days or even weeks after you receive them. If you have a good track record of paying your vendors on time, they’ll be more likely to agree to such an arrangement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>5. Consider invoice financing.</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you’re unable to negotiate or need cash even sooner than the time you’re able to agree upon with your customers, consider invoice financing, also known as accounts receivable financing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Slightly different from invoice factoring, which buys invoices at a discount, invoice financing companies will advance the total amount or a portion of your outstanding invoices, and you’ll repay that amount plus interest after you receive the invoice. Annual percentage rates for invoice financing products range from about 11% plus the prime rate to 64%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>6. Compare cash-flow loans</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you don’t have outstanding accounts receivable but want additional financing to increase your cash flow, cash-flow loans could be an option. Cash-flow loans are short-term, often high-interest loans or lines of credit offered by online lenders. You shouldn’t rely on cash-flow loans for typical expenses such as rent and payroll. Reserve them for expenses that will ultimately increase your business’s revenue, such as a marketing campaign or a new piece of equipment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But before you apply for a cash-flow loan, a working capital loan or any small-business loan, for that matter, compare your options based on factors including terms, APR and what you qualify for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\"></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.nerdwallet.com/article/small-business/business-cash-flow?trk_channel=web&amp;trk_copy=6%20Ways%20to%20Manage%20Cash%20Flow%20for%20Your%20Business&amp;trk_element=hyperlink&amp;trk_elementPosition=3&amp;trk_location=PostList&amp;trk_subLocation=image-list\">click here.</a></p>\n<!-- /wp:paragraph -->','6 Ways to Manage Cash Flow for Your Business','','inherit','closed','closed','','3470-revision-v1','','','2023-09-27 16:49:53','2023-09-27 16:49:53','',3470,'http://smartinsurance.tips/?p=3472',0,'revision','',0),(3473,1,'2023-09-27 17:01:11','2023-09-27 17:01:11','<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">It\'s more than just performance and price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3474,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-11-1024x536.png\" alt=\"\" class=\"wp-image-3474\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">When investing in mutual funds, you may wonder which kind is best: growth, value, or index. The main differences between the three include risk tolerances, strategies, and investing goals, but the most important difference is which ones perform better in a bear market and which ones do better when the economy is uncertain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-2\"><strong>What\'s the Difference Between Value, Growth, and Index Funds?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td>&nbsp;</td><td><strong>Value</strong></td><td><strong>Growth</strong></td><td><strong>Index</strong></td></tr><tr><td><strong>Performance</strong></td><td>better than expected</td><td>as good as or better than expected</td><td>as good as expected</td></tr><tr><td><strong>Volatility</strong></td><td>lower</td><td>higher</td><td>lower</td></tr><tr><td><strong>Return</strong></td><td>moderate</td><td>higher</td><td>moderate</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-5\"><strong>Performance: Value vs. Growth vs. Index Fund</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">Value stocks are considered to be undervalued and are purchased with the idea that they will perform better than expected. Growth stocks represent companies that have shown solid earning and growth purchased with the idea that they will grow at a rate faster than the overall stock market. Index stock funds seek to mimic the price movement of a certain index, which is a sampling of stocks or bonds that represent a segment of the overall financial markets. The Standard &amp; Poor’s 500 (S&amp;P 500) is an index made up of 500 of the largest U.S. companies by market capitalization. These include Meta (formerly Facebook), Microsoft, and Amazon.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">Few analysts would argue that value funds often perform better over time than growth funds in uncertain market conditions and economic environments. Growth stocks tend to perform better when markets are trending higher fueled by consumer confidence. Followers of both camps—value and growth objective investors—strive to achieve the best total returns.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-10\">Neither growth nor value investors can claim an outright victory in past performance history. Index investors can claim they may not often be the top performer, but they\'re less often the worst performer during a period. They can therefore be confident in receiving at least average returns for a lower average or below-average level of market risk due to diversification and low costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">These are points based on the historical performance of value funds, growth funds, and index funds. No good investment advisor will advise market timing, but the best time to invest in growth stocks is often when times are good during the later, mature stages of an economic cycle, during the last several months that often lead up to a recession—but only if you intend to sell before the downturn.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Note: Stocks issued by banks and insurance companies represent a larger portion of the average value mutual fund than the average growth mutual fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-15\"><strong>Volatility: Value vs. Growth vs. Index Funds</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">The total return of value stocks includes both the capital gain in stock price and the dividends, whereas growth stock investors often rely solely on the capital gain (price appreciation) because growth stocks don\'t often produce dividends.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Value investors enjoy a certain degree of \"dependable\" appreciation because dividends are fairly reliable, whereas growth investors often endure more volatility (more pronounced ups and downs) of price. Value stocks may do well when an economic recovery is in place but may cool off if the stock market continues to perform well.<sup>2</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">Index stock funds are often grouped into the \"large blend\" category of mutual funds because they consist of a blend of both value and growth stocks. An index investor often prefers a passive approach. They don\'t believe that the research and analysis required for active investing (neither value nor growth independently) will produce better returns that are always higher than that of the simple, low-cost index fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Tip: If you\'re not purchasing for the short term, you may want to buy your funds long before indications of a recession (or at the bottom of it). Ride it out. Hope for rewards on the reversal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-23\"><strong>Return: Value vs. Growth vs. Index Funds</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">The manager of a value fund establishes the criteria and selects stocks that measure up. Such stocks will be selling at a price that is comparatively low in relation to one of the established criteria. By these criteria, the measures may imply a theoretical price higher than the currently traded share price. Earnings data or other fundamental value measures of the stock, such as debt-to-equity or the price/earnings-to-growth (PEG) ratio, are commonly used in value criteria.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-26\">Index investors may also believe that the blend of both value and growth attributes can combine for a greater result—the formula might be one-half value plus one-half growth equals greater diversity and reasonable returns for less effort.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-28\">Growth tends to lose to both value and index when a bear market is in full swing. The market is trending down. Prices are falling. Index funds don\'t often rule one-year performance, but they tend to edge growth and value funds over long periods, such as 10-year time frames and longer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-30\">When index funds win, they often do so by a narrow margin for large-capitalization stocks but by a wide margin in mid-cap and small-cap areas. This is at least somewhat due to the fact that expense ratios are higher (and thus returns are lower) for the actively managed funds that are represented by growth and value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-32\">This index outperformance for mid-cap and small-cap segments is also significant because many believe the opposite—that actively managed funds (not index funds) are best for mid-cap and small-cap stocks, but passive investing (indexing) is best for large-cap stocks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-34\"><strong>The Bottom Line</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">Growth funds are comprised of stock from companies that have done well and are expected to keep meeting and exceeding earnings goals. You won\'t be able to buy them for a bargain, but you can expect solid returns with some volatility. When there\'s a bear market, don\'t be surprised to see growth performance go down.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">Value funds are composed of stock from companies that could be expected to see big gains in the future, but are relatively low cost when compared to growth stocks. They tend to perform well in uncertain economic conditions, but during recessions, they tend to not do as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Since index funds mimic benchmark funds, the returns will depend on whether they are comprised of value stocks, growth stocks, or both. Index funds tend to do better than value and growth stocks in the longer term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.thebalancemoney.com/value-vs-growth-vs-index-investing-2466434\">click here.</a></p>\n<!-- /wp:paragraph -->','Value vs. Growth vs. Index Investing: What\'s the Difference?.','','publish','open','open','','value-vs-growth-vs-index-investing-whats-the-difference','','','2023-09-27 17:01:11','2023-09-27 17:01:11','',0,'http://smartinsurance.tips/?p=3473',0,'post','',0),(3474,1,'2023-09-27 16:52:27','2023-09-27 16:52:27','','My-project-1-11','','inherit','open','closed','','my-project-1-11-2','','','2023-09-27 16:52:27','2023-09-27 16:52:27','',3473,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-11.png',0,'attachment','image/png',0),(3475,1,'2023-09-27 17:01:11','2023-09-27 17:01:11','<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">It\'s more than just performance and price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3474,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-11-1024x536.png\" alt=\"\" class=\"wp-image-3474\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">When investing in mutual funds, you may wonder which kind is best: growth, value, or index. The main differences between the three include risk tolerances, strategies, and investing goals, but the most important difference is which ones perform better in a bear market and which ones do better when the economy is uncertain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-2\"><strong>What\'s the Difference Between Value, Growth, and Index Funds?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td>&nbsp;</td><td><strong>Value</strong></td><td><strong>Growth</strong></td><td><strong>Index</strong></td></tr><tr><td><strong>Performance</strong></td><td>better than expected</td><td>as good as or better than expected</td><td>as good as expected</td></tr><tr><td><strong>Volatility</strong></td><td>lower</td><td>higher</td><td>lower</td></tr><tr><td><strong>Return</strong></td><td>moderate</td><td>higher</td><td>moderate</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-5\"><strong>Performance: Value vs. Growth vs. Index Fund</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">Value stocks are considered to be undervalued and are purchased with the idea that they will perform better than expected. Growth stocks represent companies that have shown solid earning and growth purchased with the idea that they will grow at a rate faster than the overall stock market. Index stock funds seek to mimic the price movement of a certain index, which is a sampling of stocks or bonds that represent a segment of the overall financial markets. The Standard &amp; Poor’s 500 (S&amp;P 500) is an index made up of 500 of the largest U.S. companies by market capitalization. These include Meta (formerly Facebook), Microsoft, and Amazon.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">Few analysts would argue that value funds often perform better over time than growth funds in uncertain market conditions and economic environments. Growth stocks tend to perform better when markets are trending higher fueled by consumer confidence. Followers of both camps—value and growth objective investors—strive to achieve the best total returns.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-10\">Neither growth nor value investors can claim an outright victory in past performance history. Index investors can claim they may not often be the top performer, but they\'re less often the worst performer during a period. They can therefore be confident in receiving at least average returns for a lower average or below-average level of market risk due to diversification and low costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">These are points based on the historical performance of value funds, growth funds, and index funds. No good investment advisor will advise market timing, but the best time to invest in growth stocks is often when times are good during the later, mature stages of an economic cycle, during the last several months that often lead up to a recession—but only if you intend to sell before the downturn.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Note: Stocks issued by banks and insurance companies represent a larger portion of the average value mutual fund than the average growth mutual fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-15\"><strong>Volatility: Value vs. Growth vs. Index Funds</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">The total return of value stocks includes both the capital gain in stock price and the dividends, whereas growth stock investors often rely solely on the capital gain (price appreciation) because growth stocks don\'t often produce dividends.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Value investors enjoy a certain degree of \"dependable\" appreciation because dividends are fairly reliable, whereas growth investors often endure more volatility (more pronounced ups and downs) of price. Value stocks may do well when an economic recovery is in place but may cool off if the stock market continues to perform well.<sup>2</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">Index stock funds are often grouped into the \"large blend\" category of mutual funds because they consist of a blend of both value and growth stocks. An index investor often prefers a passive approach. They don\'t believe that the research and analysis required for active investing (neither value nor growth independently) will produce better returns that are always higher than that of the simple, low-cost index fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Tip: If you\'re not purchasing for the short term, you may want to buy your funds long before indications of a recession (or at the bottom of it). Ride it out. Hope for rewards on the reversal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-23\"><strong>Return: Value vs. Growth vs. Index Funds</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">The manager of a value fund establishes the criteria and selects stocks that measure up. Such stocks will be selling at a price that is comparatively low in relation to one of the established criteria. By these criteria, the measures may imply a theoretical price higher than the currently traded share price. Earnings data or other fundamental value measures of the stock, such as debt-to-equity or the price/earnings-to-growth (PEG) ratio, are commonly used in value criteria.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-26\">Index investors may also believe that the blend of both value and growth attributes can combine for a greater result—the formula might be one-half value plus one-half growth equals greater diversity and reasonable returns for less effort.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-28\">Growth tends to lose to both value and index when a bear market is in full swing. The market is trending down. Prices are falling. Index funds don\'t often rule one-year performance, but they tend to edge growth and value funds over long periods, such as 10-year time frames and longer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-30\">When index funds win, they often do so by a narrow margin for large-capitalization stocks but by a wide margin in mid-cap and small-cap areas. This is at least somewhat due to the fact that expense ratios are higher (and thus returns are lower) for the actively managed funds that are represented by growth and value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-32\">This index outperformance for mid-cap and small-cap segments is also significant because many believe the opposite—that actively managed funds (not index funds) are best for mid-cap and small-cap stocks, but passive investing (indexing) is best for large-cap stocks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-34\"><strong>The Bottom Line</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">Growth funds are comprised of stock from companies that have done well and are expected to keep meeting and exceeding earnings goals. You won\'t be able to buy them for a bargain, but you can expect solid returns with some volatility. When there\'s a bear market, don\'t be surprised to see growth performance go down.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">Value funds are composed of stock from companies that could be expected to see big gains in the future, but are relatively low cost when compared to growth stocks. They tend to perform well in uncertain economic conditions, but during recessions, they tend to not do as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Since index funds mimic benchmark funds, the returns will depend on whether they are comprised of value stocks, growth stocks, or both. Index funds tend to do better than value and growth stocks in the longer term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.thebalancemoney.com/value-vs-growth-vs-index-investing-2466434\">click here.</a></p>\n<!-- /wp:paragraph -->','Value vs. Growth vs. Index Investing: What\'s the Difference?.','','inherit','closed','closed','','3473-revision-v1','','','2023-09-27 17:01:11','2023-09-27 17:01:11','',3473,'http://smartinsurance.tips/?p=3475',0,'revision','',0),(3476,1,'2023-09-28 17:23:04','2023-09-28 17:23:04','<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Manufacturers collect data every time you run your dryer and open your refrigerator, but most of them don\'t want to talk about it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3477,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-12-1024x536.png\" alt=\"\" class=\"wp-image-3477\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">When you buy a home appliance, you expect certain things. A refrigerator to keep food cold. A washer to get your clothes clean. A dryer to dry those clothes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But many new refrigerators will ping your smartphone if you’ve left the door open. Your new washer could order more detergent when you start to run low. And your new dryer could nag your partner for you when a load is done. Thanks to the Internet of Things, large appliances are evolving in ways that fundamentally alter their functionality and the way we interact with them, changing our expectations in the process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">We may be wowed by the ability to see what’s in our refrigerator while we’re at the grocery store (yes, some models do that), but what really separates smart appliances from their predecessors is the data they collect about you—from your home address to your most used washer cycles, to when and how often you open your refrigerator doors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To examine the potential impact of connected appliances, both good and bad, Consumer Reports conducted data privacy and data security tests on a selection of large appliances from some of the biggest appliance brands sold in the U.S., including GE, LG, Maytag (owned by Whirlpool), Samsung, and Whirlpool. These tests included monitoring network traffic (to see how “chatty” the appliances are with their manufacturers); an analysis of privacy policies and terms of service, including how and with whom data is shared; evaluations of digital security practices, including the use of authentication and encryption; and the response to vulnerabilities. We reached out to all five brands, as well as Kenmore, to ask about their connected appliances, but GE Appliances was the only one that agreed to speak with us. The rest responded to some questions via email but declined to speak further.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In addition, Consumer Reports conducted nationally representative surveys about smart appliance ownership in 2021 and 2022, as well as a diary study, in which we asked consumers who own connected appliances to share their experiences through a series of activities carried out over seven days. We also interviewed additional consumers about their experiences with owning connected appliances. Here’s what we found.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>The Promise of Connected Appliances</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to the nationally representative survey of 2,084 U.S. adults (PDF) conducted by Consumer Reports in October 2022, 21 percent of Americans owned at least one of the types of large smart appliances we asked about: washing machines, clothes dryers, refrigerators, ranges or cooktops, built-in microwaves, dishwashers, and wall ovens. To understand the impact connected appliances can have on consumers, we interviewed a few who’ve embraced them—and don’t plan on going back.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“The thing that I like the most is the ability to get notifications on my phone or my TV about the status of a device,” said Todd Hanke, who owns a suite of Samsung smart kitchen and laundry appliances. His washer and dryer are in his garage, and he knows when a cycle is done via a notification on his TV, phone, or connected speakers. That convenience alone is enough to persuade him to buy connected appliances in the future, he said.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Do I really need to know when the dishwasher is done?” said Billy Crackel, who also owns a suite of Samsung smart kitchen appliances. “Well, I didn’t think I needed remote start on a car, but now that I have it, not having it is kind of a hassle.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">While Hanke values the convenience of smart appliances and Crackel speaks about how novelties quickly become necessities, our research, testing, and reporting have found that the impact of connected appliances is both good and bad for consumers. The positive aspects include more efficient service calls and improved functionality, including enhancements over time thanks to software updates. But the negative could include shorter appliance lifespans and impositions on user privacy that come with continuous data collection. And those negatives could be harder to deal with if connected appliances become more popular in the years to come.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Here are several key areas where the benefits of connected appliances are on full display:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>New Features Added Years After Purchase</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">One of the key benefits of any connected product, including a smart appliance, is that it can receive new features through software updates several years into ownership. For example, GE Appliances added new air fry and turkey modes to some of its existing smart ovens via a software update in 2021, including some models sold four to five years earlier. The company followed up with a steakhouse mode in June 2022. Last year Whirlpool played catch-up and added its own air fry mode to its existing smart ovens.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Smart refrigerators can get smarter, too. In 2021 Samsung added the Amazon Alexa digital assistant to its second-generation and newer Family Hub smart fridges, eliminating the need for a stand-alone smart speaker in your kitchen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Changing Functionality Over Time</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you have young children and just installed a new washing machine, you can probably imagine needing different modes over the 10-year life cycle of the machine. John Ouseph, executive director of software and smart home solutions for GE Appliances, says that at first you may want a cycle that’s “heavy on sanitization, that’s heavy on delicates, that is specific for your family at that time.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">When your kids get older, you might want a sportswear mode or a dirt mode. “Your appliance can change as you change,” Ouseph says. “That’s kind of the vision.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Better Repair Experience</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">It’s always an inconvenience when an appliance breaks down, but the connectivity provided by smart appliances could improve service calls and streamline the repair process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For example, GE Appliances and Kenmore representatives can run remote diagnostics on their smart appliances before a service call. If they see a particular part that needs to be replaced, they can order it and have it on hand at the first visit, cutting down on the need for repeat visits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Even if you’re not comfortable connecting your appliances to the internet, smart internet-connected appliances (and many “dumb” ones without internet connections) can store diagnostic data that service technicians can access during a visit. GE says its appliances have a special port for this purpose, allowing technicians to download the last five to 10 cycles worth of data. This won’t cut down on repeat visits, but it can make the process as quick as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>The Drawbacks of Connected Appliances</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For all the benefits that smart appliances provide, there are still plenty of ways they could have an impact on your privacy or make your experience owning them worse. Here are some of the concerns they raise:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Constant Data Collection</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to our October 2022 nationally representative survey, Americans who don’t have smart appliances connected to the internet are more likely to say they’re worried about the digital security of these appliances (70 percent are at least somewhat worried) than about the privacy implications (64 percent are at least somewhat worried). The numbers are slightly lower, but still high, for Americans who do own connected smart large appliances: 55 percent and 47 percent, respectively. But based on our findings, you should be more concerned about manufacturers spying on you, not hackers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In our tests, we monitored the internet traffic of 12 smart appliances across the five brands (GE, LG, Maytag, Samsung, and Whirlpool) and four appliance types (refrigerators, ranges, dishwashers, and washing machines) to see how chatty they were. We didn’t find any security vulnerabilities in these products, and all personal data was encrypted. But we did find that all of them were constantly collecting data and sending it back to the manufacturer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">How much data? Each appliance sent anywhere from 3.4MB to 19MB of data back to the manufacturers per week. That might not seem like much, but when you consider that it’s all text (not images, video, or audio), it equals 24,000 to over 135,000 text messages. We also used the appliances just once per day, far less than the average consumer. Under normal use, these appliances would likely send back even more data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“As we all know, appliances can work completely fine without an internet connection,” says Steve Blair, who conducts privacy and security testing for CR. “Therefore, the majority of the data is likely just additional data collected by the manufacturers.”&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Because the data was encrypted, we couldn’t “see” what kind was being collected (a good thing in terms of data security). We asked the major brands, but most would only say they collect usage and performance data. Kenmore, however, gave us a detailed rundown: Its appliances collect data on a number of attributes, such as power status (on/off), door open/close, filter status, cycle details, temperature information, and energy usage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">LG and Samsung go further, collecting your ZIP code, phone numbers, date of birth, geolocation, and more through an appliance’s smartphone app. “LG and Samsung definitely collect more personal information than other manufacturers,” Blair says. “ZIP codes, phone numbers, date of birth, geolocation, and more are obviously not relevant to the product performance and service. That’s why we feel they have data collection practices that could be harmful to consumers.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">These apps can also contain third-party trackers, which collect additional data from your phone that manufacturers may use to troubleshoot problems, inform future product development, serve ads, or even sell to third parties. For example, the LG ThinQ app has 10 third-party trackers built into it. Blair says that in his experience, 10 trackers are on the high side among mobile apps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Most manufacturers claim that all of this data is being collected to improve their products, but our findings show that at least some are using it to create data profiles about their consumers. Again, LG and Samsung go a step further and acquire data about their customers from third-party sources that they use to enhance these profiles. Samsung explicitly states in its privacy policy that it sells its customers’ data. It was the only company in our tests to do so.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">John I. Taylor, senior vice president for LG Electronics, says each data point the company collects serves a purpose, such as finding the closest customer service center using ZIP codes and geolocation data, or verifying that a user is over the age of 16 using the date of birth. As for the third-party trackers, Taylor says only five are actually used in the U.S., for practices such as analytics and creating user profiles. “Customer profiles are also used in an aggregated manner to provide insights on consumer trends” and are “analyzed to determine customer interests and preferences,” he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Samsung takes customer privacy very seriously, and we design our products with privacy and security top of mind,” says Khang Nguyen, vice president of engineering for Samsung SmartThings (the company’s smart home platform) via email. “SmartThings collects some user data to optimize the user experience, always informing the user of our privacy practices or requesting permission prior to initiating any collection.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Samsung also addressed the portion of its policy that suggests it sells data in certain situations. Nguyen says that language comes from the California-specific portion of their privacy policy that’s meant to comply with the state’s consumer privacy law, the California Consumer Privacy Act (CCPA). It defines “sell” much more broadly as “selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a consumer’s personal information by the business to a third party for monetary or other valuable consideration.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Because CCPA defines these terms [sale/sell/etc.] so broadly, certain mobile advertisement transactions by our Samsung Ads business could be considered a ‘sale’ under this definition,” Nguyen says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In short, we don’t know for certain if Samsung actually sells user data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“This is one major downside of the Internet of Things; it creates a lot more opportunities for potential privacy abuses,” says Justin Brookman, CR’s director of technology policy. “In many cases, the data collection may be benign or even beneficial. But pretty much all of the time the data collection is invisible, and consumers have no idea what’s being collected, why, or with whom it’s being shared.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Loss of Functionality Without Connectivity</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Certain GE smart ovens and ranges require a WiFi connection in order to use certain features, such as the convection roast mode. This is even the case on certain models that have a physical convection roast button, even though convection predates the invention of WiFi by decades.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The company says it made that requirement as a way to encourage consumers to connect their appliances and change their expectations of how appliances should work. But the move drew the ire of dozens of consumers on social media after a man tweeted about his $3,600 wall oven forcing him to connect in order to use the convection roast mode.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Potential for Fewer Third-Party Repair Choices</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">While connectivity can streamline the repair process for a manufacturer’s own repair technicians, it remains to be seen if the diagnostic tools for smart appliances will be available to independent repair shops.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“More complex appliances could make them harder to maintain and fix,” Brookman says. “This is especially the case for independent repair shops if the manufacturer doesn’t make available the relevant parts and diagnostic data. So you might be stuck paying higher prices to a manufacturer who has frozen out its competitors.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">We asked GE and Samsung if they offer their diagnostic tools to third-party repair services. A GE spokesperson said, “These tools are available to both authorized and nonauthorized third-party appliance technicians through SmartHQ Service software subscriptions and purchase of a SmartHQ module.” Samsung declined to comment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Appliance Lifespan and Software Support</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to the appliance repair service Mr. Appliance, large appliances have an average life expectancy of eight to 19 years depending on the type and its power source (electricity or gas). Contrast that with many connected devices, such as computers and tablets, which consumers replace every five to six years, per Statista survey data. Because smart appliances are both appliances and connected devices, you might be wondering if they’ll last the same amount of time as their nonconnected predecessors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">That depends on two key questions. The first is whether the increased complexity of connected appliances will cause them to have shorter lifespans due to a breakdown or failure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“If a product employs more sensors when it is WiFi enabled, then there are more things that can break and thus the possibility of a shorter lifespan,” says Jim Nanni, who has been testing appliances at Consumer Reports for over 30 years. “And at some point, the repair is going to be enough that somebody will say, ‘I don’t want to fix this anymore. I want to replace it.’ ”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The second question: How long will manufacturers support their smart appliances? We asked each of the major brands. Samsung declined to answer, while the other brands didn’t provide clear answers. The clearest answer came from GE Appliances, which said it supports connected appliances for 10 years and hopes to extend that commitment. The next best answer was from Kenmore, which said it will support them “through the expected lifetime of these types of appliances,” but didn’t define “lifetime.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Despite not providing a clear time frame for support, LG and Whirlpool (as well as GE and Kenmore) said they will provide software updates and security patches for their appliances. Software updates are good for bug fixes and new features, but security patches are critical to protect against hacking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Current practices also suggest that the appliance brand you choose will matter when it comes to receiving new software features throughout the appliance’s lifespan. While GE added an air fry mode for ovens that were purchased four to five years ago, the Alexa functionality Samsung added to its smart fridges in 2021 didn’t apply to its original 2016 Family Hub smart refrigerator, a refrigerator that was just five years old at the time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Of course, it’s possible that some appliance manufacturers will differentiate themselves by how often they release software features for older appliances. Consumers could then use their purchasing power to show manufacturers that they want continued updates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Should You Connect Your Appliances to the Internet?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Many of the issues we’ve highlighted might give you pause about connecting your appliances to the internet. But a user-experience study conducted by Consumer Reports in June 2020 found that once consumers have used the connected features of their appliances, they generally don’t want to go back to nonconnected appliances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In the future, it’s likely you won’t have a choice between connected and nonconnected appliances. According to the market research firm Gap Intelligence, smart appliances made up 38 percent of models offered at retail as of August 2022, up from 21 percent in August 2019. GE Appliances says it offers over 650 connected appliances across its six brands, and over 1,000 appliances can be optionally connected to WiFi with the plug-in GE Connect Module ($50). LG says about 85 percent of its new appliance models offer connectivity. And a Samsung spokesperson simply said, “The majority of our devices are IoT-enabled.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Take a stroll through your local Home Depot and you might find a number of connected washers, fridges, ovens, and more. But at a glance, it’s hard to tell which are smart and which aren’t. You either have to scan their control panels for tiny WiFi buttons or look for a small bar code or product label that notes they’re connected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Of course, you can buy smart appliances and use them without connecting them to the internet. According to our October 2022 nationally representative survey of 2,084 adults, 12 percent of Americans own at least one large smart appliance and said none of those appliances were connected to the internet. Another 9 percent of Americans own at least one smart large appliance that’s connected to the internet. That’s a slight increase over our October 2021 nationally representative survey (PDF) of 2,036 US adults, which found that only 5 percent of Americans had a large smart appliance connected to the internet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">These numbers may look small, but it seems that enough consumers do connect these appliances to give brands useful data. As of January 2021, GE Appliances had about 1 million appliances connected to the internet. When we asked GE for an updated number, we were told that number is now considered proprietary information. But a company spokesperson did share that GE now has over 30 million “connectable” appliances in consumers’ homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But with only 21 percent of Americans owning at least one large smart appliance, according to CR’s nationally representative survey from 2022, it’s clear that it’s still early days for the smart appliance market, and much could change in the years ahead. Two such changes on the horizon are the Matter smart home standard and an interoperability effort by major appliance manufacturers through the Home Connectivity Alliance (HCA). Both efforts have similar—though not identical—goals of getting smart home devices from different brands to “talk” to each other, controlled by just one app or device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The first version of the Matter standard supports a wide array of devices, but it doesn’t include large appliances yet. They will be included in the next iteration of the standard, which is expected to launch sometime this fall. Some of Matter’s many goals are to reduce the complexity of smart home products and spur consumer adoption, which could help smart appliances gain more mainstream appeal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">As for the Home Connectivity Alliance, it released a specification in January that will allow consumers to control existing smart appliances (as well as TVs and HVAC equipment) made by different brands in the same app. For example, you’ll be able to control an LG refrigerator, a GE oven, an Electrolux washer, and a Samsung dryer all from the Samsung SmartThings app or from any of those other manufacturer’s apps. The alliance expects its member companies to start releasing this functionality in their respective apps this year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Consumer Reports is also getting involved in efforts to create more transparency around these connected devices. This July CR announced that it’s working with the Biden administration, the Carnegie Mellon CyLab Security and Privacy Institute, and other organizations to create a national labeling system, similar to nutrition labels, for connected products. These labels would clearly outline the types of data that devices collect and how companies keep your data secure, allowing consumers to be more aware of potential risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“If there’s a clear benefit, maybe the upside outweighs the risk, though there’s still risk. For a lot of devices, there’s really not a ton of functionality gained by connecting them to WiFi,” Brookman says. “For example, I personally wouldn’t want to connect a dishwasher to the internet. I just want it to wash the dishes that I just loaded in!”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Best Practices for Connecting Appliances to the Internet</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you want to connect your appliances to the internet, there are some things you can do to keep your data as safe and private as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">First, if your WiFi router supports creating a secondary or guest network, consider siloing your connected appliances (and other smart devices) on that network to separate them from your computer, smartphone, and other personal devices. If your network is ever breached through one of your appliances, hackers won’t be able to get at the far more valuable data on your personal devices. And the appliance manufacturers won’t be able to see what personal devices you own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Second, once you’re done setting up your smart appliances, go into your smartphone’s privacy settings and change the appliance app’s location data sharing settings to “while using the app” or “never/don’t allow,” depending on whether you’re using an iPhone or Android phone. Some apps require you to share location data in order to fully set up the smart appliance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Finally, if you’re an iPhone user, turn off the “Allow Tracking” option in the app’s privacy settings because it allows the manufacturer to track you across third-party apps and websites.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\"></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.consumerreports.org/electronics/privacy/smart-appliances-and-privacy-a1186358482/\">click here.</a></p>\n<!-- /wp:paragraph -->','Smart Appliances Promise Convenience and Innovation. But Is Your Privacy Worth the Price?','','publish','open','open','','smart-appliances-promise-convenience-and-innovation-but-is-your-privacy-worth-the-price','','','2023-09-28 17:23:04','2023-09-28 17:23:04','',0,'http://smartinsurance.tips/?p=3476',0,'post','',0),(3477,1,'2023-09-28 16:51:48','2023-09-28 16:51:48','','My-project-1-12','','inherit','open','closed','','my-project-1-12','','','2023-09-28 16:51:48','2023-09-28 16:51:48','',3476,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-12.png',0,'attachment','image/png',0),(3478,1,'2023-09-28 17:23:04','2023-09-28 17:23:04','<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Manufacturers collect data every time you run your dryer and open your refrigerator, but most of them don\'t want to talk about it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3477,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-12-1024x536.png\" alt=\"\" class=\"wp-image-3477\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">When you buy a home appliance, you expect certain things. A refrigerator to keep food cold. A washer to get your clothes clean. A dryer to dry those clothes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But many new refrigerators will ping your smartphone if you’ve left the door open. Your new washer could order more detergent when you start to run low. And your new dryer could nag your partner for you when a load is done. Thanks to the Internet of Things, large appliances are evolving in ways that fundamentally alter their functionality and the way we interact with them, changing our expectations in the process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">We may be wowed by the ability to see what’s in our refrigerator while we’re at the grocery store (yes, some models do that), but what really separates smart appliances from their predecessors is the data they collect about you—from your home address to your most used washer cycles, to when and how often you open your refrigerator doors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To examine the potential impact of connected appliances, both good and bad, Consumer Reports conducted data privacy and data security tests on a selection of large appliances from some of the biggest appliance brands sold in the U.S., including GE, LG, Maytag (owned by Whirlpool), Samsung, and Whirlpool. These tests included monitoring network traffic (to see how “chatty” the appliances are with their manufacturers); an analysis of privacy policies and terms of service, including how and with whom data is shared; evaluations of digital security practices, including the use of authentication and encryption; and the response to vulnerabilities. We reached out to all five brands, as well as Kenmore, to ask about their connected appliances, but GE Appliances was the only one that agreed to speak with us. The rest responded to some questions via email but declined to speak further.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In addition, Consumer Reports conducted nationally representative surveys about smart appliance ownership in 2021 and 2022, as well as a diary study, in which we asked consumers who own connected appliances to share their experiences through a series of activities carried out over seven days. We also interviewed additional consumers about their experiences with owning connected appliances. Here’s what we found.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>The Promise of Connected Appliances</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to the nationally representative survey of 2,084 U.S. adults (PDF) conducted by Consumer Reports in October 2022, 21 percent of Americans owned at least one of the types of large smart appliances we asked about: washing machines, clothes dryers, refrigerators, ranges or cooktops, built-in microwaves, dishwashers, and wall ovens. To understand the impact connected appliances can have on consumers, we interviewed a few who’ve embraced them—and don’t plan on going back.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“The thing that I like the most is the ability to get notifications on my phone or my TV about the status of a device,” said Todd Hanke, who owns a suite of Samsung smart kitchen and laundry appliances. His washer and dryer are in his garage, and he knows when a cycle is done via a notification on his TV, phone, or connected speakers. That convenience alone is enough to persuade him to buy connected appliances in the future, he said.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Do I really need to know when the dishwasher is done?” said Billy Crackel, who also owns a suite of Samsung smart kitchen appliances. “Well, I didn’t think I needed remote start on a car, but now that I have it, not having it is kind of a hassle.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">While Hanke values the convenience of smart appliances and Crackel speaks about how novelties quickly become necessities, our research, testing, and reporting have found that the impact of connected appliances is both good and bad for consumers. The positive aspects include more efficient service calls and improved functionality, including enhancements over time thanks to software updates. But the negative could include shorter appliance lifespans and impositions on user privacy that come with continuous data collection. And those negatives could be harder to deal with if connected appliances become more popular in the years to come.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Here are several key areas where the benefits of connected appliances are on full display:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>New Features Added Years After Purchase</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">One of the key benefits of any connected product, including a smart appliance, is that it can receive new features through software updates several years into ownership. For example, GE Appliances added new air fry and turkey modes to some of its existing smart ovens via a software update in 2021, including some models sold four to five years earlier. The company followed up with a steakhouse mode in June 2022. Last year Whirlpool played catch-up and added its own air fry mode to its existing smart ovens.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Smart refrigerators can get smarter, too. In 2021 Samsung added the Amazon Alexa digital assistant to its second-generation and newer Family Hub smart fridges, eliminating the need for a stand-alone smart speaker in your kitchen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Changing Functionality Over Time</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you have young children and just installed a new washing machine, you can probably imagine needing different modes over the 10-year life cycle of the machine. John Ouseph, executive director of software and smart home solutions for GE Appliances, says that at first you may want a cycle that’s “heavy on sanitization, that’s heavy on delicates, that is specific for your family at that time.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">When your kids get older, you might want a sportswear mode or a dirt mode. “Your appliance can change as you change,” Ouseph says. “That’s kind of the vision.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Better Repair Experience</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">It’s always an inconvenience when an appliance breaks down, but the connectivity provided by smart appliances could improve service calls and streamline the repair process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For example, GE Appliances and Kenmore representatives can run remote diagnostics on their smart appliances before a service call. If they see a particular part that needs to be replaced, they can order it and have it on hand at the first visit, cutting down on the need for repeat visits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Even if you’re not comfortable connecting your appliances to the internet, smart internet-connected appliances (and many “dumb” ones without internet connections) can store diagnostic data that service technicians can access during a visit. GE says its appliances have a special port for this purpose, allowing technicians to download the last five to 10 cycles worth of data. This won’t cut down on repeat visits, but it can make the process as quick as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>The Drawbacks of Connected Appliances</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For all the benefits that smart appliances provide, there are still plenty of ways they could have an impact on your privacy or make your experience owning them worse. Here are some of the concerns they raise:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Constant Data Collection</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to our October 2022 nationally representative survey, Americans who don’t have smart appliances connected to the internet are more likely to say they’re worried about the digital security of these appliances (70 percent are at least somewhat worried) than about the privacy implications (64 percent are at least somewhat worried). The numbers are slightly lower, but still high, for Americans who do own connected smart large appliances: 55 percent and 47 percent, respectively. But based on our findings, you should be more concerned about manufacturers spying on you, not hackers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In our tests, we monitored the internet traffic of 12 smart appliances across the five brands (GE, LG, Maytag, Samsung, and Whirlpool) and four appliance types (refrigerators, ranges, dishwashers, and washing machines) to see how chatty they were. We didn’t find any security vulnerabilities in these products, and all personal data was encrypted. But we did find that all of them were constantly collecting data and sending it back to the manufacturer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">How much data? Each appliance sent anywhere from 3.4MB to 19MB of data back to the manufacturers per week. That might not seem like much, but when you consider that it’s all text (not images, video, or audio), it equals 24,000 to over 135,000 text messages. We also used the appliances just once per day, far less than the average consumer. Under normal use, these appliances would likely send back even more data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“As we all know, appliances can work completely fine without an internet connection,” says Steve Blair, who conducts privacy and security testing for CR. “Therefore, the majority of the data is likely just additional data collected by the manufacturers.”&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Because the data was encrypted, we couldn’t “see” what kind was being collected (a good thing in terms of data security). We asked the major brands, but most would only say they collect usage and performance data. Kenmore, however, gave us a detailed rundown: Its appliances collect data on a number of attributes, such as power status (on/off), door open/close, filter status, cycle details, temperature information, and energy usage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">LG and Samsung go further, collecting your ZIP code, phone numbers, date of birth, geolocation, and more through an appliance’s smartphone app. “LG and Samsung definitely collect more personal information than other manufacturers,” Blair says. “ZIP codes, phone numbers, date of birth, geolocation, and more are obviously not relevant to the product performance and service. That’s why we feel they have data collection practices that could be harmful to consumers.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">These apps can also contain third-party trackers, which collect additional data from your phone that manufacturers may use to troubleshoot problems, inform future product development, serve ads, or even sell to third parties. For example, the LG ThinQ app has 10 third-party trackers built into it. Blair says that in his experience, 10 trackers are on the high side among mobile apps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Most manufacturers claim that all of this data is being collected to improve their products, but our findings show that at least some are using it to create data profiles about their consumers. Again, LG and Samsung go a step further and acquire data about their customers from third-party sources that they use to enhance these profiles. Samsung explicitly states in its privacy policy that it sells its customers’ data. It was the only company in our tests to do so.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">John I. Taylor, senior vice president for LG Electronics, says each data point the company collects serves a purpose, such as finding the closest customer service center using ZIP codes and geolocation data, or verifying that a user is over the age of 16 using the date of birth. As for the third-party trackers, Taylor says only five are actually used in the U.S., for practices such as analytics and creating user profiles. “Customer profiles are also used in an aggregated manner to provide insights on consumer trends” and are “analyzed to determine customer interests and preferences,” he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Samsung takes customer privacy very seriously, and we design our products with privacy and security top of mind,” says Khang Nguyen, vice president of engineering for Samsung SmartThings (the company’s smart home platform) via email. “SmartThings collects some user data to optimize the user experience, always informing the user of our privacy practices or requesting permission prior to initiating any collection.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Samsung also addressed the portion of its policy that suggests it sells data in certain situations. Nguyen says that language comes from the California-specific portion of their privacy policy that’s meant to comply with the state’s consumer privacy law, the California Consumer Privacy Act (CCPA). It defines “sell” much more broadly as “selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a consumer’s personal information by the business to a third party for monetary or other valuable consideration.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Because CCPA defines these terms [sale/sell/etc.] so broadly, certain mobile advertisement transactions by our Samsung Ads business could be considered a ‘sale’ under this definition,” Nguyen says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In short, we don’t know for certain if Samsung actually sells user data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“This is one major downside of the Internet of Things; it creates a lot more opportunities for potential privacy abuses,” says Justin Brookman, CR’s director of technology policy. “In many cases, the data collection may be benign or even beneficial. But pretty much all of the time the data collection is invisible, and consumers have no idea what’s being collected, why, or with whom it’s being shared.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Loss of Functionality Without Connectivity</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Certain GE smart ovens and ranges require a WiFi connection in order to use certain features, such as the convection roast mode. This is even the case on certain models that have a physical convection roast button, even though convection predates the invention of WiFi by decades.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The company says it made that requirement as a way to encourage consumers to connect their appliances and change their expectations of how appliances should work. But the move drew the ire of dozens of consumers on social media after a man tweeted about his $3,600 wall oven forcing him to connect in order to use the convection roast mode.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Potential for Fewer Third-Party Repair Choices</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">While connectivity can streamline the repair process for a manufacturer’s own repair technicians, it remains to be seen if the diagnostic tools for smart appliances will be available to independent repair shops.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“More complex appliances could make them harder to maintain and fix,” Brookman says. “This is especially the case for independent repair shops if the manufacturer doesn’t make available the relevant parts and diagnostic data. So you might be stuck paying higher prices to a manufacturer who has frozen out its competitors.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">We asked GE and Samsung if they offer their diagnostic tools to third-party repair services. A GE spokesperson said, “These tools are available to both authorized and nonauthorized third-party appliance technicians through SmartHQ Service software subscriptions and purchase of a SmartHQ module.” Samsung declined to comment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Appliance Lifespan and Software Support</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to the appliance repair service Mr. Appliance, large appliances have an average life expectancy of eight to 19 years depending on the type and its power source (electricity or gas). Contrast that with many connected devices, such as computers and tablets, which consumers replace every five to six years, per Statista survey data. Because smart appliances are both appliances and connected devices, you might be wondering if they’ll last the same amount of time as their nonconnected predecessors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">That depends on two key questions. The first is whether the increased complexity of connected appliances will cause them to have shorter lifespans due to a breakdown or failure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“If a product employs more sensors when it is WiFi enabled, then there are more things that can break and thus the possibility of a shorter lifespan,” says Jim Nanni, who has been testing appliances at Consumer Reports for over 30 years. “And at some point, the repair is going to be enough that somebody will say, ‘I don’t want to fix this anymore. I want to replace it.’ ”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The second question: How long will manufacturers support their smart appliances? We asked each of the major brands. Samsung declined to answer, while the other brands didn’t provide clear answers. The clearest answer came from GE Appliances, which said it supports connected appliances for 10 years and hopes to extend that commitment. The next best answer was from Kenmore, which said it will support them “through the expected lifetime of these types of appliances,” but didn’t define “lifetime.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Despite not providing a clear time frame for support, LG and Whirlpool (as well as GE and Kenmore) said they will provide software updates and security patches for their appliances. Software updates are good for bug fixes and new features, but security patches are critical to protect against hacking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Current practices also suggest that the appliance brand you choose will matter when it comes to receiving new software features throughout the appliance’s lifespan. While GE added an air fry mode for ovens that were purchased four to five years ago, the Alexa functionality Samsung added to its smart fridges in 2021 didn’t apply to its original 2016 Family Hub smart refrigerator, a refrigerator that was just five years old at the time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Of course, it’s possible that some appliance manufacturers will differentiate themselves by how often they release software features for older appliances. Consumers could then use their purchasing power to show manufacturers that they want continued updates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Should You Connect Your Appliances to the Internet?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Many of the issues we’ve highlighted might give you pause about connecting your appliances to the internet. But a user-experience study conducted by Consumer Reports in June 2020 found that once consumers have used the connected features of their appliances, they generally don’t want to go back to nonconnected appliances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In the future, it’s likely you won’t have a choice between connected and nonconnected appliances. According to the market research firm Gap Intelligence, smart appliances made up 38 percent of models offered at retail as of August 2022, up from 21 percent in August 2019. GE Appliances says it offers over 650 connected appliances across its six brands, and over 1,000 appliances can be optionally connected to WiFi with the plug-in GE Connect Module ($50). LG says about 85 percent of its new appliance models offer connectivity. And a Samsung spokesperson simply said, “The majority of our devices are IoT-enabled.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Take a stroll through your local Home Depot and you might find a number of connected washers, fridges, ovens, and more. But at a glance, it’s hard to tell which are smart and which aren’t. You either have to scan their control panels for tiny WiFi buttons or look for a small bar code or product label that notes they’re connected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Of course, you can buy smart appliances and use them without connecting them to the internet. According to our October 2022 nationally representative survey of 2,084 adults, 12 percent of Americans own at least one large smart appliance and said none of those appliances were connected to the internet. Another 9 percent of Americans own at least one smart large appliance that’s connected to the internet. That’s a slight increase over our October 2021 nationally representative survey (PDF) of 2,036 US adults, which found that only 5 percent of Americans had a large smart appliance connected to the internet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">These numbers may look small, but it seems that enough consumers do connect these appliances to give brands useful data. As of January 2021, GE Appliances had about 1 million appliances connected to the internet. When we asked GE for an updated number, we were told that number is now considered proprietary information. But a company spokesperson did share that GE now has over 30 million “connectable” appliances in consumers’ homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But with only 21 percent of Americans owning at least one large smart appliance, according to CR’s nationally representative survey from 2022, it’s clear that it’s still early days for the smart appliance market, and much could change in the years ahead. Two such changes on the horizon are the Matter smart home standard and an interoperability effort by major appliance manufacturers through the Home Connectivity Alliance (HCA). Both efforts have similar—though not identical—goals of getting smart home devices from different brands to “talk” to each other, controlled by just one app or device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The first version of the Matter standard supports a wide array of devices, but it doesn’t include large appliances yet. They will be included in the next iteration of the standard, which is expected to launch sometime this fall. Some of Matter’s many goals are to reduce the complexity of smart home products and spur consumer adoption, which could help smart appliances gain more mainstream appeal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">As for the Home Connectivity Alliance, it released a specification in January that will allow consumers to control existing smart appliances (as well as TVs and HVAC equipment) made by different brands in the same app. For example, you’ll be able to control an LG refrigerator, a GE oven, an Electrolux washer, and a Samsung dryer all from the Samsung SmartThings app or from any of those other manufacturer’s apps. The alliance expects its member companies to start releasing this functionality in their respective apps this year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Consumer Reports is also getting involved in efforts to create more transparency around these connected devices. This July CR announced that it’s working with the Biden administration, the Carnegie Mellon CyLab Security and Privacy Institute, and other organizations to create a national labeling system, similar to nutrition labels, for connected products. These labels would clearly outline the types of data that devices collect and how companies keep your data secure, allowing consumers to be more aware of potential risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“If there’s a clear benefit, maybe the upside outweighs the risk, though there’s still risk. For a lot of devices, there’s really not a ton of functionality gained by connecting them to WiFi,” Brookman says. “For example, I personally wouldn’t want to connect a dishwasher to the internet. I just want it to wash the dishes that I just loaded in!”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Best Practices for Connecting Appliances to the Internet</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you want to connect your appliances to the internet, there are some things you can do to keep your data as safe and private as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">First, if your WiFi router supports creating a secondary or guest network, consider siloing your connected appliances (and other smart devices) on that network to separate them from your computer, smartphone, and other personal devices. If your network is ever breached through one of your appliances, hackers won’t be able to get at the far more valuable data on your personal devices. And the appliance manufacturers won’t be able to see what personal devices you own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Second, once you’re done setting up your smart appliances, go into your smartphone’s privacy settings and change the appliance app’s location data sharing settings to “while using the app” or “never/don’t allow,” depending on whether you’re using an iPhone or Android phone. Some apps require you to share location data in order to fully set up the smart appliance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Finally, if you’re an iPhone user, turn off the “Allow Tracking” option in the app’s privacy settings because it allows the manufacturer to track you across third-party apps and websites.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\"></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.consumerreports.org/electronics/privacy/smart-appliances-and-privacy-a1186358482/\">click here.</a></p>\n<!-- /wp:paragraph -->','Smart Appliances Promise Convenience and Innovation. But Is Your Privacy Worth the Price?','','inherit','closed','closed','','3476-revision-v1','','','2023-09-28 17:23:04','2023-09-28 17:23:04','',3476,'http://smartinsurance.tips/?p=3478',0,'revision','',0),(3479,1,'2023-09-28 17:28:54','2023-09-28 17:28:54','<!-- wp:image {\"id\":3480,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-40-1-1024x536.png\" alt=\"\" class=\"wp-image-3480\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>With another challenging year coming to a close, your team needs to have some time to rejuvenate themselves.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now, with Halloween approaching, organizing fun team activities for the workplace is a chance to have some light-hearted fun with your employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Celebrating Halloween at the workplace is a fantastic way for your teammates to lose work-related stress and unleash their inner artist.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, to ensure your employees have a good time, we have come up with some amazing ways to celebrate Halloween at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But, first let us find out why celebrating Halloween at the workplace is a good idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Why celebrate Halloween at work?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>People have been celebrating Halloween in their homes for many centuries. It is time for you to organize&nbsp;<strong>Halloween at work</strong>&nbsp;to let your teammates relax and unwind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, Come! Let us check out some of the amazing benefits that celebrating this holiday at the workplace offers you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>1. Increase employee morale</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Organizing&nbsp;<strong>Halloween workplace activities</strong>&nbsp;gives your employees time to get away from their desktop screens. It gives them an opportunity to take a break from work-related conversations and share a good laugh with other team members. Put simply, a Halloween party at the workplace helps everyone to relax and rejuvenate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>2. Promotes creativity</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>From decorating the office floor with Halloween pumpkins to brainstorming costume ideas, Halloween celebrations at the workplace let your employees unlock and share their creative self and use it for non-work-related activities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>3. Helps develop camaraderie</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As per the Cambridge Dictionary, Camaraderie means, “a friendly feeling towards people with whom you share an experience or work together.” Thus, having an&nbsp;<strong>Halloween at work</strong>&nbsp;event presents a wonderful opportunity for team members to develop workplace friendships.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In the long run, this makes employees more productive, happy, and creates a positive work environment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, let us see what&nbsp;<strong>Work Halloween events</strong>&nbsp;you can organize at the workplace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>12 Ways to celebrate Halloween at work</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>From spooky costumes to watching your favorite horror movies, there is no limit to how much fun you can have when planning to&nbsp;<strong>celebrate Halloween at work</strong>.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, given below are some amazing&nbsp;<strong>Halloween workplace activities</strong>&nbsp;you can organize at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>1. Desk decoration</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The Halloween committee in the office can decorate the common areas, but employees also need to be active participants when it comes to decorating the work desks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do not limit them to creating only Halloween-related designs. Give your workforce complete freedom to express themselves through a desk decoration activity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>2. Halloween costume contest</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Sometimes, a little competition is healthy for everyone in the office. Organize a Halloween costume contest for everyone in the workplace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let the Halloween committee come up with different categories and give prizes for the scariest costume, and original costume ideas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>3. Trick-or-treat</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you are looking for the best way to&nbsp;<strong>celebrate Halloween at work</strong>, nothing can beat the good old “Trick-or-Treat”. Give your employees baskets of candy for their desks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let them go from desk to desk, show off their Halloween costumes and get admired from fellow team mates. Doing this allows employees from different departments to meet each other.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>4. Horror movie marathon</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>What could be more fun than spending the Halloween party binge-watching your favorite horror movie? Use the workplace conference room or the common area to set up chairs for this.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Conduct a poll with options for the scariest horror movies to watch. You can also throw in a couple of horror movies spoofs to keep the activity light and fun.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>5. Mummy-making competition</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mummy-making is one of the easiest and most fun parts of celebrating&nbsp;<strong>Halloween at the office</strong>. Give the competing teams a few rolls of tissue paper and watch the chaos unleash!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep the focus on having fun with fellow co-workers. Once everyone is wrapped up, take a group photo and share it on the office’s social media.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>6. Ghost walk</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Ghost walks offer one of the best team bonding experiences for workplace employees. These include a guide sharing information about the location’s history and paranormal activity as witnessed by locals and tourists.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leading your work team members through a haunted area offers a spooky experience for everyone. Unfortunately, many times it is not possible for everyone to be present in the office. But, that should not keep them from having fun with colleagues on Halloween.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just because the remote team is socially distant does not mean they cannot be a part of the festivities. Organize some cool Halloween activities for remote employees to make them a part of the celebrations as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, let us check out the ways to&nbsp;<strong>celebrate Halloween at work</strong>&nbsp;with remote teams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>7. Virtual pumpkin carving</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do not let physical distance keep your remote team from being part of the Halloween celebrations at the workplace. Get them into the right mood by organizing a virtual carving pumpkin activity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Give your employees a few dollars to go and buy a pumpkin. Connect with them via video conferencing software, and let them show their creativity. Let the employees vote on their favorite pumpkin designs and give out spooky prizes to the winners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>8. Halloween trivia games</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can use the Zoom video-conference application for this activity. Here are a few simple steps for you to do that;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li>Use Zoom or Microsoft Teams</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Choose a moderator for coordination with all the other teams</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Ask questions like:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>To which country does Jack-O-Lantern belong?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Name the first actor to play Wolfman</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Celtics were superstitious. Is this statement true or false?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Who holds the world record for the fastest pumpkin carving time?</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>For this activity, you can set ground rules like not referring to Google, one answer per team, and limit the amount of time allotted to per team to give the answer. Compare the scores and announce the winner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>9. Virtual escape room – Jewel Heist</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Halloween is a celebration shrouded in mystery for many. Why not use those mysterious vibes to help your work team solve a mystery?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s a little background.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Someone has masterminded a heist to steal a priceless collection of precious jewels. It is up to your team to find out the culprit and recover the loot.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your team will uncover hidden clues and solve mind-bending puzzles. All these require collaboration, creative problem-solving, and out-of-the-box thinking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>10. Virtual Halloween pictionary</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An exciting and new way to&nbsp;<strong>celebrate Halloween at work</strong>&nbsp;is organizing a Halloween Pictionary contest. It is a fun and competitive activity to help team members from various departments form a bond.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Split your workforce into different teams and use an on-screen whiteboard / pen &amp; paper, and hold up the drawing to the camera. Give each team a list of Halloween keywords or phrases to guess.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>11. Virtual house of horror</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Remote working does not mean you cannot have a little Halloween scare with the WFH employees. Organize a virtual tour through a haunted house. You can easily visit haunted houses from the comfort of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>12. Order spooky deliveries</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>No one said that surprise gift deliveries could not be a part of the <strong>work Halloween events</strong>. You can order tasty treats, gifts or other parcels to get them into the Halloween spirit!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Conclusion</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These spooky ways to celebrate Halloween at work are a great way to bring together all employees in a carefree and festive way. It is the perfect excuse for your teammates to let go of all the work-related stress and relax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, are you ready to be spooked??</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.proofhub.com/articles/celebrate-halloween-at-work\">click here.</a></p>\n<!-- /wp:paragraph -->','12 Spooktacular Ways to Celebrate Halloween at Work','','publish','open','open','','12-spooktacular-ways-to-celebrate-halloween-at-work','','\nhttps://www.proofhub.com/articles/celebrate-halloween-at-work','2023-09-28 17:28:54','2023-09-28 17:28:54','',0,'http://smartinsurance.tips/?p=3479',0,'post','',0),(3480,1,'2023-09-28 17:25:05','2023-09-28 17:25:05','','My-project-1-40-1','','inherit','open','closed','','my-project-1-40-1','','','2023-09-28 17:25:05','2023-09-28 17:25:05','',3479,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-40-1.png',0,'attachment','image/png',0),(3481,1,'2023-09-28 17:28:54','2023-09-28 17:28:54','<!-- wp:image {\"id\":3480,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-40-1-1024x536.png\" alt=\"\" class=\"wp-image-3480\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>With another challenging year coming to a close, your team needs to have some time to rejuvenate themselves.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now, with Halloween approaching, organizing fun team activities for the workplace is a chance to have some light-hearted fun with your employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Celebrating Halloween at the workplace is a fantastic way for your teammates to lose work-related stress and unleash their inner artist.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, to ensure your employees have a good time, we have come up with some amazing ways to celebrate Halloween at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But, first let us find out why celebrating Halloween at the workplace is a good idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Why celebrate Halloween at work?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>People have been celebrating Halloween in their homes for many centuries. It is time for you to organize&nbsp;<strong>Halloween at work</strong>&nbsp;to let your teammates relax and unwind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, Come! Let us check out some of the amazing benefits that celebrating this holiday at the workplace offers you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>1. Increase employee morale</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Organizing&nbsp;<strong>Halloween workplace activities</strong>&nbsp;gives your employees time to get away from their desktop screens. It gives them an opportunity to take a break from work-related conversations and share a good laugh with other team members. Put simply, a Halloween party at the workplace helps everyone to relax and rejuvenate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>2. Promotes creativity</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>From decorating the office floor with Halloween pumpkins to brainstorming costume ideas, Halloween celebrations at the workplace let your employees unlock and share their creative self and use it for non-work-related activities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>3. Helps develop camaraderie</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As per the Cambridge Dictionary, Camaraderie means, “a friendly feeling towards people with whom you share an experience or work together.” Thus, having an&nbsp;<strong>Halloween at work</strong>&nbsp;event presents a wonderful opportunity for team members to develop workplace friendships.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In the long run, this makes employees more productive, happy, and creates a positive work environment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, let us see what&nbsp;<strong>Work Halloween events</strong>&nbsp;you can organize at the workplace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>12 Ways to celebrate Halloween at work</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>From spooky costumes to watching your favorite horror movies, there is no limit to how much fun you can have when planning to&nbsp;<strong>celebrate Halloween at work</strong>.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, given below are some amazing&nbsp;<strong>Halloween workplace activities</strong>&nbsp;you can organize at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>1. Desk decoration</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The Halloween committee in the office can decorate the common areas, but employees also need to be active participants when it comes to decorating the work desks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do not limit them to creating only Halloween-related designs. Give your workforce complete freedom to express themselves through a desk decoration activity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>2. Halloween costume contest</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Sometimes, a little competition is healthy for everyone in the office. Organize a Halloween costume contest for everyone in the workplace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let the Halloween committee come up with different categories and give prizes for the scariest costume, and original costume ideas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>3. Trick-or-treat</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you are looking for the best way to&nbsp;<strong>celebrate Halloween at work</strong>, nothing can beat the good old “Trick-or-Treat”. Give your employees baskets of candy for their desks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let them go from desk to desk, show off their Halloween costumes and get admired from fellow team mates. Doing this allows employees from different departments to meet each other.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>4. Horror movie marathon</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>What could be more fun than spending the Halloween party binge-watching your favorite horror movie? Use the workplace conference room or the common area to set up chairs for this.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Conduct a poll with options for the scariest horror movies to watch. You can also throw in a couple of horror movies spoofs to keep the activity light and fun.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>5. Mummy-making competition</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mummy-making is one of the easiest and most fun parts of celebrating&nbsp;<strong>Halloween at the office</strong>. Give the competing teams a few rolls of tissue paper and watch the chaos unleash!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep the focus on having fun with fellow co-workers. Once everyone is wrapped up, take a group photo and share it on the office’s social media.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>6. Ghost walk</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Ghost walks offer one of the best team bonding experiences for workplace employees. These include a guide sharing information about the location’s history and paranormal activity as witnessed by locals and tourists.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leading your work team members through a haunted area offers a spooky experience for everyone. Unfortunately, many times it is not possible for everyone to be present in the office. But, that should not keep them from having fun with colleagues on Halloween.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just because the remote team is socially distant does not mean they cannot be a part of the festivities. Organize some cool Halloween activities for remote employees to make them a part of the celebrations as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, let us check out the ways to&nbsp;<strong>celebrate Halloween at work</strong>&nbsp;with remote teams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>7. Virtual pumpkin carving</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do not let physical distance keep your remote team from being part of the Halloween celebrations at the workplace. Get them into the right mood by organizing a virtual carving pumpkin activity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Give your employees a few dollars to go and buy a pumpkin. Connect with them via video conferencing software, and let them show their creativity. Let the employees vote on their favorite pumpkin designs and give out spooky prizes to the winners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>8. Halloween trivia games</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can use the Zoom video-conference application for this activity. Here are a few simple steps for you to do that;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li>Use Zoom or Microsoft Teams</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Choose a moderator for coordination with all the other teams</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Ask questions like:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>To which country does Jack-O-Lantern belong?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Name the first actor to play Wolfman</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Celtics were superstitious. Is this statement true or false?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Who holds the world record for the fastest pumpkin carving time?</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>For this activity, you can set ground rules like not referring to Google, one answer per team, and limit the amount of time allotted to per team to give the answer. Compare the scores and announce the winner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>9. Virtual escape room – Jewel Heist</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Halloween is a celebration shrouded in mystery for many. Why not use those mysterious vibes to help your work team solve a mystery?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s a little background.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Someone has masterminded a heist to steal a priceless collection of precious jewels. It is up to your team to find out the culprit and recover the loot.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your team will uncover hidden clues and solve mind-bending puzzles. All these require collaboration, creative problem-solving, and out-of-the-box thinking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>10. Virtual Halloween pictionary</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An exciting and new way to&nbsp;<strong>celebrate Halloween at work</strong>&nbsp;is organizing a Halloween Pictionary contest. It is a fun and competitive activity to help team members from various departments form a bond.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Split your workforce into different teams and use an on-screen whiteboard / pen &amp; paper, and hold up the drawing to the camera. Give each team a list of Halloween keywords or phrases to guess.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>11. Virtual house of horror</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Remote working does not mean you cannot have a little Halloween scare with the WFH employees. Organize a virtual tour through a haunted house. You can easily visit haunted houses from the comfort of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>12. Order spooky deliveries</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>No one said that surprise gift deliveries could not be a part of the <strong>work Halloween events</strong>. You can order tasty treats, gifts or other parcels to get them into the Halloween spirit!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Conclusion</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These spooky ways to celebrate Halloween at work are a great way to bring together all employees in a carefree and festive way. It is the perfect excuse for your teammates to let go of all the work-related stress and relax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, are you ready to be spooked??</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.proofhub.com/articles/celebrate-halloween-at-work\">click here.</a></p>\n<!-- /wp:paragraph -->','12 Spooktacular Ways to Celebrate Halloween at Work','','inherit','closed','closed','','3479-revision-v1','','','2023-09-28 17:28:54','2023-09-28 17:28:54','',3479,'http://smartinsurance.tips/?p=3481',0,'revision','',0),(3482,1,'2023-09-28 17:42:32','2023-09-28 17:42:32','<!-- wp:paragraph -->\n<p>In some ways, managing money in retirement gets a little easier than before.  You only have the money you have, so your options are somewhat simpler and more limited.  On the other hand, the rules of money management shift in retirement so it may seem more complicated to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3483,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-14-1024x536.png\" alt=\"\" class=\"wp-image-3483\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>No matter whether you find it easier or more challenging, here are 10 tips for managing money in retirement:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-1-be-tax-efficient-with-withdrawals\">1. Be Tax Efficient with Withdrawals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every penny counts when managing money in retirement and that is especially true when it comes to tax savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Every retirement account you have may be taxed differently and you will want to be strategic with how and when you take withdrawals from each bucket.&nbsp; A few tips to consider:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Prioritize withdrawals for your Required Minimum Distributions (RMDs) – mandatory withdrawals that start at age 72 through the end of 2022, 73 starting in 2023, and 75 in 2033 due to passage of the omnibus spending bill.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider a Roth conversion to spread out when and how much you are taxed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Be aware of how much you withdraw each year and how the amount impacts your tax bracket.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Taxes are really complicated and what is best for you is different from what is best for anyone else.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-2-focus-on-creating-retirement-income\">2. Focus on Creating Retirement Income</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you have been saving money for retirement, you have probably been worried about stashing aside as much as possible and maximizing your returns on investments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, when you retire, most experts recommend that you worry less about returns and more on figuring out how to turn your retirement assets into reliable retirement income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, research indicates that retirees who have guaranteed their retirement income are happier and much less stressed than retirees who make unpredictable withdrawals from their retirement accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-3-make-trade-offs-know-what-is-important-to-you\">3. Make Trade Offs — Know What is Important to You</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>“I want it all and I want it right now” is not a retirement money management mantra that works well for almost anyone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The good news is that at this point in our lives, we know – better than ever – what we like and what we want.&nbsp; If you focus on what is important to you, you may find that you can spend less overall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If a trip to Europe is on your list, you can probably make that happen no matter your finances.&nbsp; It just may require a lot of prioritizing and cut backs in other areas of your life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-4-prioritize-spending-on-yourself\">4. Prioritize Spending on Yourself</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Family is one of our biggest sources of joy.&nbsp; However, unless you have budgeted for helping out adult children, brothers and sisters, or your own parents, you simply might not have the money to help them out financially.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you are retired, you do not have as much opportunity to make money.  You are required to live with what you have.  In retirement, every expense needs to be accounted for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-5-look-at-your-home-equity\">5. Look at Your Home Equity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Experts predict that home equity is going to help out most of us lucky enough to own a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For most households, home equity represents our biggest source of wealth and there are a variety of ways we can use that wealth to help pay for retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Downsizing is an efficient way access the money you have in your home and a great option if you are living in a relatively expensive location or in a home that is too large for your needs in retirement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you love where you live and want to stay there for the rest of your life, then a reverse mortgage is an increasingly popular way to eliminate ongoing mortgage payments and/or borrow some of your own home equity while retaining ownership of your home.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-6-wait-as-long-as-possible-to-start-social-security\">6. Wait as Long as Possible to Start Social Security</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The differences in lifetime value between starting Social Security at age 62 and delaying until 67 or later can be hundreds of thousands of dollars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Social Security offers you guaranteed monthly income for as long as you live.  If you can wait to start it, you will enjoy a higher standard of living.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-7-be-prepared-for-spending-shifts\">7. Be Prepared for Spending Shifts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Just because we have retired it does not mean that we don’t continue to evolve and change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, numerous studies have shown that retirement spending goes through predictable phases.  When we first retire, we might spend more than before — we are active and doing lots of things.  After that, we enter a period of slowing down and staying closer to home and we spend less than at almost any other period of our lives.  In old age, medical expenses cause spending to spike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-8-have-a-plan-for-out-of-pocket-health-expenses\">8. Have a Plan for Out of Pocket Health Expenses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fidelity Investments has been tracking retirement health care costs for years.&nbsp; Their most recent data predicts that a 65-year old couple retiring in 2022 can anticipate spending $315,000 in health and medical expenses throughout their retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This amount will be spent on deductibles, co payments, premiums for supplemental coverage, prescription drugs and other expenses that Medicare doesn’t cover, such as hearing aids and eyeglasses.  However, this amount does NOT include the costs of a long term care need which could mean another $100,000 and more in spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-9-talk-with-family-especially-your-spouse\">9. Talk with Family — Especially Your Spouse</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to a Fidelity Study, 47% of couples disagree on how much savings are needed to maintain their desired lifestyle (if they agree on desired lifestyle).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Furthermore:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Couples have different ideas for how they want to spend time.&nbsp; “Men are significantly more likely to envision indulging in their favorite sports, women are more likely to envision spending time with family, enjoying hobbies and volunteering in their local community.”</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Thirty-six percent of couples either don’t agree, or don’t know where they plan to live in retirement.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Because your retirement money management involves both you and your spouse, it is important that you get on the same page for spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-10-keep-planning\">10. Keep Planning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Retirement is not the end of the road for managing money in retirement.&nbsp; You can not simply create a retirement plan, retire and live happily ever after.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You need to keep assessing your situation and adjusting your plans as you move through life.&nbsp; Maybe your priorities change or your investments perform differently or perhaps you decide to go back to work.&nbsp; These events will profoundly impact your overall financial well being.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Weekly or monthly financial reviews are a great way to stay on top of your financial wellness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.newretirement.com/retirement/10-money-management-tips-retirement/\">click here.</a></p>\n<!-- /wp:paragraph -->','10 Great Tips for Managing Money in Retirement','','publish','open','open','','10-great-tips-for-managing-money-in-retirement','','','2023-09-28 17:42:32','2023-09-28 17:42:32','',0,'http://smartinsurance.tips/?p=3482',0,'post','',0),(3483,1,'2023-09-28 17:39:32','2023-09-28 17:39:32','','My-project-1-14','','inherit','open','closed','','my-project-1-14-2','','','2023-09-28 17:39:32','2023-09-28 17:39:32','',3482,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-14.png',0,'attachment','image/png',0),(3484,1,'2023-09-28 17:42:32','2023-09-28 17:42:32','<!-- wp:paragraph -->\n<p>In some ways, managing money in retirement gets a little easier than before.  You only have the money you have, so your options are somewhat simpler and more limited.  On the other hand, the rules of money management shift in retirement so it may seem more complicated to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3483,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-14-1024x536.png\" alt=\"\" class=\"wp-image-3483\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>No matter whether you find it easier or more challenging, here are 10 tips for managing money in retirement:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-1-be-tax-efficient-with-withdrawals\">1. Be Tax Efficient with Withdrawals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every penny counts when managing money in retirement and that is especially true when it comes to tax savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Every retirement account you have may be taxed differently and you will want to be strategic with how and when you take withdrawals from each bucket.&nbsp; A few tips to consider:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Prioritize withdrawals for your Required Minimum Distributions (RMDs) – mandatory withdrawals that start at age 72 through the end of 2022, 73 starting in 2023, and 75 in 2033 due to passage of the omnibus spending bill.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider a Roth conversion to spread out when and how much you are taxed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Be aware of how much you withdraw each year and how the amount impacts your tax bracket.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Taxes are really complicated and what is best for you is different from what is best for anyone else.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-2-focus-on-creating-retirement-income\">2. Focus on Creating Retirement Income</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you have been saving money for retirement, you have probably been worried about stashing aside as much as possible and maximizing your returns on investments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, when you retire, most experts recommend that you worry less about returns and more on figuring out how to turn your retirement assets into reliable retirement income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, research indicates that retirees who have guaranteed their retirement income are happier and much less stressed than retirees who make unpredictable withdrawals from their retirement accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-3-make-trade-offs-know-what-is-important-to-you\">3. Make Trade Offs — Know What is Important to You</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>“I want it all and I want it right now” is not a retirement money management mantra that works well for almost anyone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The good news is that at this point in our lives, we know – better than ever – what we like and what we want.&nbsp; If you focus on what is important to you, you may find that you can spend less overall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If a trip to Europe is on your list, you can probably make that happen no matter your finances.&nbsp; It just may require a lot of prioritizing and cut backs in other areas of your life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-4-prioritize-spending-on-yourself\">4. Prioritize Spending on Yourself</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Family is one of our biggest sources of joy.&nbsp; However, unless you have budgeted for helping out adult children, brothers and sisters, or your own parents, you simply might not have the money to help them out financially.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you are retired, you do not have as much opportunity to make money.  You are required to live with what you have.  In retirement, every expense needs to be accounted for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-5-look-at-your-home-equity\">5. Look at Your Home Equity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Experts predict that home equity is going to help out most of us lucky enough to own a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For most households, home equity represents our biggest source of wealth and there are a variety of ways we can use that wealth to help pay for retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Downsizing is an efficient way access the money you have in your home and a great option if you are living in a relatively expensive location or in a home that is too large for your needs in retirement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you love where you live and want to stay there for the rest of your life, then a reverse mortgage is an increasingly popular way to eliminate ongoing mortgage payments and/or borrow some of your own home equity while retaining ownership of your home.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-6-wait-as-long-as-possible-to-start-social-security\">6. Wait as Long as Possible to Start Social Security</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The differences in lifetime value between starting Social Security at age 62 and delaying until 67 or later can be hundreds of thousands of dollars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Social Security offers you guaranteed monthly income for as long as you live.  If you can wait to start it, you will enjoy a higher standard of living.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-7-be-prepared-for-spending-shifts\">7. Be Prepared for Spending Shifts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Just because we have retired it does not mean that we don’t continue to evolve and change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, numerous studies have shown that retirement spending goes through predictable phases.  When we first retire, we might spend more than before — we are active and doing lots of things.  After that, we enter a period of slowing down and staying closer to home and we spend less than at almost any other period of our lives.  In old age, medical expenses cause spending to spike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-8-have-a-plan-for-out-of-pocket-health-expenses\">8. Have a Plan for Out of Pocket Health Expenses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fidelity Investments has been tracking retirement health care costs for years.&nbsp; Their most recent data predicts that a 65-year old couple retiring in 2022 can anticipate spending $315,000 in health and medical expenses throughout their retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This amount will be spent on deductibles, co payments, premiums for supplemental coverage, prescription drugs and other expenses that Medicare doesn’t cover, such as hearing aids and eyeglasses.  However, this amount does NOT include the costs of a long term care need which could mean another $100,000 and more in spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-9-talk-with-family-especially-your-spouse\">9. Talk with Family — Especially Your Spouse</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to a Fidelity Study, 47% of couples disagree on how much savings are needed to maintain their desired lifestyle (if they agree on desired lifestyle).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Furthermore:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Couples have different ideas for how they want to spend time.&nbsp; “Men are significantly more likely to envision indulging in their favorite sports, women are more likely to envision spending time with family, enjoying hobbies and volunteering in their local community.”</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Thirty-six percent of couples either don’t agree, or don’t know where they plan to live in retirement.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Because your retirement money management involves both you and your spouse, it is important that you get on the same page for spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-10-keep-planning\">10. Keep Planning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Retirement is not the end of the road for managing money in retirement.&nbsp; You can not simply create a retirement plan, retire and live happily ever after.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You need to keep assessing your situation and adjusting your plans as you move through life.&nbsp; Maybe your priorities change or your investments perform differently or perhaps you decide to go back to work.&nbsp; These events will profoundly impact your overall financial well being.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Weekly or monthly financial reviews are a great way to stay on top of your financial wellness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.newretirement.com/retirement/10-money-management-tips-retirement/\">click here.</a></p>\n<!-- /wp:paragraph -->','10 Great Tips for Managing Money in Retirement','','inherit','closed','closed','','3482-revision-v1','','','2023-09-28 17:42:32','2023-09-28 17:42:32','',3482,'http://smartinsurance.tips/?p=3484',0,'revision','',0),(3485,1,'2023-09-28 18:56:06','2023-09-28 18:56:06','<!-- wp:paragraph -->\n<p>Turn your cluttered garage into an oasis of organization.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3486,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-15-1024x536.png\" alt=\"\" class=\"wp-image-3486\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Of all the storage spaces in our homes, our garages are perhaps the most susceptible to devolving into chaos—and the one most in need of garage organization ideas. After all, they have to do so much for us: store our cars, hide our tools, stash our sporting equipment, act as an entry to our homes—the list goes on. Perhaps that\'s why we\'re all always chasing the ever-elusive organized garage of our dreams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Well, we\'re here to tell you: that dream doesn\'t have to feel far off. There are plenty of great garage storage systems out there. To help you along on your quest for peak garage organization, we\'ve rounded up the most genius garage organization ideas out there. From taking advantage of ceiling space (really!) to ingenious hacks for storing workout gear, you\'ll find all the inspiration you need to completely revamp your garage into a functional (and maybe even fun!) space.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>1. <strong>Add a \"Floating\" Shelf</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol></ol>\n<!-- /wp:list -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>When it comes to your garage, there\'s only so much floor space to be had—especially if you\'re storing cars inside as well. That\'s why professional organizer Tink Fisher of Clean House added overhead storage space in this garage. A durable metal shelf suspended from the ceiling houses infrequently-used items, like shop vacs and folding picnic tables.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>2. <strong>Create a Rake Rack</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You\'ve probably seen how handy a hat rack or coat rack can be in your mudroom, right? Well, why not apply that same principle to your garage? Rakes, shovels, and brooms are natural fits for this storage method, as demonstrated in this garage by Allison Fisher of Bee Organized. With this garage organization idea in place, there\'s a spot for every single dust pan, shovel, and Swiffer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3. <strong>Mock Up a Mudroom</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your garage leads right into the heart of your home, you may find yourself wishing for a mudroom to help with the transition. Well, we have good news—you can still set up a really beautiful one, even if it\'s not a separate room. Design blogger Erin Gerlach of Hamilton Park Home did just that in her garage, adding a convenient bench and installing board and batten on the walls to mimic the look—and coziness—of a true mudroom.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>4. <strong>Streamline Your Containers</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Everything looks better when packaged in matching containers—it\'s just a fact of life. The perfect example? This uber-organized garage from Madeline Wood. The Form and Function Organizing pro packaged everything from holiday decor and kids\' costumes to camp gear and lawn essentials into uniform blue plastic tubs to make a visually pleasing display in a client\'s garage. Safely tuck away your backup ice maker in the garage instead of wasting precious storage space in the kitchen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>5. <strong>Create a Mini Locker Room</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you\'re a family of sports aficionados, chances are you have a <em>lot</em> of gear to contend with. Instead of letting it float around your entire garage (and your house), create a mini locker room in the corner of your garage, as Gladiator demonstrates here. From a handy slat board where you can hang skates, gym bags, and helmets, to a storage bench that acts as the perfect place to prep for practice, athletes big and small will feel like total pros.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>6. <strong>Add Dynamic Built-Ins</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Families both big and small need solid organizational systems in place to keep life running smoothly. If you have the space, try adding faux built-ins that boast a section for each family member, like the Indiana-based organizational team behind Seamless Spaces Professional Organizers did. The modular cubbies give each child hanging storage for coats and backpacks, a top cabinet for supplies, and a lower basket for their outdoor gear. With this garage organization idea in action, you\'ll no longer roll over a rogue scooter or basketball every time you try to pull into the garage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>7. <strong>Mix Open and Closed Storage</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There is no one perfect solution for garage storage, and often it ends up being a combination of a few things that help whip your space into shape. If you\'re stuck between a few different storage solutions, make like bloggers Viv and Tim, who relied on IKEA\'s Bror shelving units to provide them with open <em>and </em>closed storage in their garage. The result? A comprehensive system that allows you to quickly grab and go with some items—and keep others out of sight.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>8. <strong>Hang Some Handy French Cleats</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For flexible storage that looks stylish and caters to your every need, look no further than the French cleat. Basically a bracketed wall system that allows for modular storage, French cleats are a great option if you\'re looking for a storage solution that will adapt as your needs change. Erin Gerlach from Hamilton Park Home made this impressive system herself and uses it to house her family\'s outdoor gear and sports equipment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>9. <strong>Create a Dedicated Workspace</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you\'re a DIY fan, don\'t you think you deserve a spot to work that is both functional and organized? Us too. Instead of scattering your tools throughout your garage and popping up a workstation wherever there\'s room, set yourself up for success by dedicating a corner of your garage to your \"shop.\" Here, Chris and Julia Marcum—the duo behind the popular interiors blog Chris Loves Julia—show the transformative power of a few cabinets and butcher block countertops, morphing their garage into a work zone for their many DIY projects.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10. <strong>Store (and Charge) Your Tools in One Spot</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Garages are commonly a catchall spot for tools, so it\'s inevitable that, at one point or another, you\'ll be missing a charger or mixing up battery packs between your power drills. Eliminate the risk of tool commotion by storing—and charging—your gear all in one place. This genius storage piece was handmade by Cristina Garay of RemodelaCasa and serves as an all-in-one spot to both store and charge her wide selection of power tools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>11. <strong>Post Up a Pegboard</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We\'re calling it now: Pegboards are one of the most versatile garage organization ideas out there. Case in point: The <em>very</em> tidy garage of blogger Corey Willis from Hey There Home. She chose to hang a pegboard (among many other smart garage organization ideas—peep that \"floating\" shelf!) by her garage entry for an easy and convenient place to stash commonly used tools and gadgets. Translation: You\'ll never have to hunt down the measuring tape again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>12. <strong>Set Up a Workout Zone</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Garages have many uses, and we\'re not here to assume everyone is housing their tools (or their cars) inside. Many people choose to convert their garage into another workable space for their home, like an office or home gym. Such is the case with this workout zone organized by pro Jen Robin of Life in Jeneral. She used everything from bike hooks to baskets to hold workout gear for a home gym that\'s stocked with all the essentials.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>13. <strong>Make Cleaning a Breeze</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Don\'t want to store all your cleaning supplies inside the house, where they can be found by curious pets or kids? No worries—why not create a cleaning station in your garage instead? That\'s what Abby Lawson of Abby Organizes did in her garage. The pro organizer set up a basin sink and posted up all her cleaning supplies nearby for a one-stop cleaning shop that is out of sight until it\'s needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>14. <strong>Create a Garage Shoe Corral</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Shoe storage is always at a premium. Jenna Corder of Organize It But Make It Pretty used a wide shelf to hold a family\'s worth of shoes—and make it easy to find the exact pair you need. (Bonus: It encourages your family to take their shoes off before they enter the house, to help keep your floors cleaner.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>15. <strong>Add Storage for the Things You Love</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your garage can store more than just tools, pantry items, and old paint. James Malone of Going Up Building and Remodels designed this wine cellar section within a garage space—but recommends making sure that your garage is well insulated to avoid temperature swings that could harm your wine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>16. <strong>Sort by Activity</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Create dedicated spaces for each of your pastimes, and group everything you need together. This storage unit from Häfele can keep golf balls, clubs, and even shoes together so you can grab and go to hit the links faster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>17. <strong>Think Vertically</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Free up valuable garage floor space by moving as many items as possible onto the walls or other spots. Designer Victoria Leone of Optimized Therapy opted to hang bikes on the wall to keep them safely stowed until the next ride—alongside helmets, beach folding chairs, and other outdoor gear.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>18. <strong>Use Labeling to Make It Easy to Find Stuff</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make it simple to find exactly what you need with a clear labeling system. (Use large lettering like Corder did so you can see what\'s inside the top-most bins without breaking out the ladder.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>19. <strong>Make It Easy for Kids to Use</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Open and easy-to-see storage makes it simpler for them to find what they\'re looking for–without dumping out every bin for that basketball.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>20. <strong>Move Storage Away from the Wall</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For this garage renovation, garage designers Garage Flex opted to create a center island with plenty of storage that helps separate the garage into a car space and work and storage space.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.realsimple.com/home-organizing/organizing/garage-organization-ideas\">click here.</a></p>\n<!-- /wp:paragraph -->','20 Clever Garage Organization Ideas to Clear the Chaos','','publish','open','open','','20-clever-garage-organization-ideas-to-clear-the-chaos','','','2023-09-28 18:56:06','2023-09-28 18:56:06','',0,'http://smartinsurance.tips/?p=3485',0,'post','',0),(3486,1,'2023-09-28 18:46:01','2023-09-28 18:46:01','','My-project-1-15','','inherit','open','closed','','my-project-1-15-2','','','2023-09-28 18:46:01','2023-09-28 18:46:01','',3485,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-15.png',0,'attachment','image/png',0),(3487,1,'2023-09-28 18:56:06','2023-09-28 18:56:06','<!-- wp:paragraph -->\n<p>Turn your cluttered garage into an oasis of organization.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3486,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-15-1024x536.png\" alt=\"\" class=\"wp-image-3486\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Of all the storage spaces in our homes, our garages are perhaps the most susceptible to devolving into chaos—and the one most in need of garage organization ideas. After all, they have to do so much for us: store our cars, hide our tools, stash our sporting equipment, act as an entry to our homes—the list goes on. Perhaps that\'s why we\'re all always chasing the ever-elusive organized garage of our dreams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Well, we\'re here to tell you: that dream doesn\'t have to feel far off. There are plenty of great garage storage systems out there. To help you along on your quest for peak garage organization, we\'ve rounded up the most genius garage organization ideas out there. From taking advantage of ceiling space (really!) to ingenious hacks for storing workout gear, you\'ll find all the inspiration you need to completely revamp your garage into a functional (and maybe even fun!) space.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>1. <strong>Add a \"Floating\" Shelf</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol></ol>\n<!-- /wp:list -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>When it comes to your garage, there\'s only so much floor space to be had—especially if you\'re storing cars inside as well. That\'s why professional organizer Tink Fisher of Clean House added overhead storage space in this garage. A durable metal shelf suspended from the ceiling houses infrequently-used items, like shop vacs and folding picnic tables.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>2. <strong>Create a Rake Rack</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You\'ve probably seen how handy a hat rack or coat rack can be in your mudroom, right? Well, why not apply that same principle to your garage? Rakes, shovels, and brooms are natural fits for this storage method, as demonstrated in this garage by Allison Fisher of Bee Organized. With this garage organization idea in place, there\'s a spot for every single dust pan, shovel, and Swiffer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3. <strong>Mock Up a Mudroom</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your garage leads right into the heart of your home, you may find yourself wishing for a mudroom to help with the transition. Well, we have good news—you can still set up a really beautiful one, even if it\'s not a separate room. Design blogger Erin Gerlach of Hamilton Park Home did just that in her garage, adding a convenient bench and installing board and batten on the walls to mimic the look—and coziness—of a true mudroom.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>4. <strong>Streamline Your Containers</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Everything looks better when packaged in matching containers—it\'s just a fact of life. The perfect example? This uber-organized garage from Madeline Wood. The Form and Function Organizing pro packaged everything from holiday decor and kids\' costumes to camp gear and lawn essentials into uniform blue plastic tubs to make a visually pleasing display in a client\'s garage. Safely tuck away your backup ice maker in the garage instead of wasting precious storage space in the kitchen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>5. <strong>Create a Mini Locker Room</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you\'re a family of sports aficionados, chances are you have a <em>lot</em> of gear to contend with. Instead of letting it float around your entire garage (and your house), create a mini locker room in the corner of your garage, as Gladiator demonstrates here. From a handy slat board where you can hang skates, gym bags, and helmets, to a storage bench that acts as the perfect place to prep for practice, athletes big and small will feel like total pros.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>6. <strong>Add Dynamic Built-Ins</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Families both big and small need solid organizational systems in place to keep life running smoothly. If you have the space, try adding faux built-ins that boast a section for each family member, like the Indiana-based organizational team behind Seamless Spaces Professional Organizers did. The modular cubbies give each child hanging storage for coats and backpacks, a top cabinet for supplies, and a lower basket for their outdoor gear. With this garage organization idea in action, you\'ll no longer roll over a rogue scooter or basketball every time you try to pull into the garage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>7. <strong>Mix Open and Closed Storage</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There is no one perfect solution for garage storage, and often it ends up being a combination of a few things that help whip your space into shape. If you\'re stuck between a few different storage solutions, make like bloggers Viv and Tim, who relied on IKEA\'s Bror shelving units to provide them with open <em>and </em>closed storage in their garage. The result? A comprehensive system that allows you to quickly grab and go with some items—and keep others out of sight.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>8. <strong>Hang Some Handy French Cleats</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For flexible storage that looks stylish and caters to your every need, look no further than the French cleat. Basically a bracketed wall system that allows for modular storage, French cleats are a great option if you\'re looking for a storage solution that will adapt as your needs change. Erin Gerlach from Hamilton Park Home made this impressive system herself and uses it to house her family\'s outdoor gear and sports equipment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>9. <strong>Create a Dedicated Workspace</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you\'re a DIY fan, don\'t you think you deserve a spot to work that is both functional and organized? Us too. Instead of scattering your tools throughout your garage and popping up a workstation wherever there\'s room, set yourself up for success by dedicating a corner of your garage to your \"shop.\" Here, Chris and Julia Marcum—the duo behind the popular interiors blog Chris Loves Julia—show the transformative power of a few cabinets and butcher block countertops, morphing their garage into a work zone for their many DIY projects.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10. <strong>Store (and Charge) Your Tools in One Spot</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Garages are commonly a catchall spot for tools, so it\'s inevitable that, at one point or another, you\'ll be missing a charger or mixing up battery packs between your power drills. Eliminate the risk of tool commotion by storing—and charging—your gear all in one place. This genius storage piece was handmade by Cristina Garay of RemodelaCasa and serves as an all-in-one spot to both store and charge her wide selection of power tools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>11. <strong>Post Up a Pegboard</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We\'re calling it now: Pegboards are one of the most versatile garage organization ideas out there. Case in point: The <em>very</em> tidy garage of blogger Corey Willis from Hey There Home. She chose to hang a pegboard (among many other smart garage organization ideas—peep that \"floating\" shelf!) by her garage entry for an easy and convenient place to stash commonly used tools and gadgets. Translation: You\'ll never have to hunt down the measuring tape again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>12. <strong>Set Up a Workout Zone</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Garages have many uses, and we\'re not here to assume everyone is housing their tools (or their cars) inside. Many people choose to convert their garage into another workable space for their home, like an office or home gym. Such is the case with this workout zone organized by pro Jen Robin of Life in Jeneral. She used everything from bike hooks to baskets to hold workout gear for a home gym that\'s stocked with all the essentials.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>13. <strong>Make Cleaning a Breeze</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Don\'t want to store all your cleaning supplies inside the house, where they can be found by curious pets or kids? No worries—why not create a cleaning station in your garage instead? That\'s what Abby Lawson of Abby Organizes did in her garage. The pro organizer set up a basin sink and posted up all her cleaning supplies nearby for a one-stop cleaning shop that is out of sight until it\'s needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>14. <strong>Create a Garage Shoe Corral</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Shoe storage is always at a premium. Jenna Corder of Organize It But Make It Pretty used a wide shelf to hold a family\'s worth of shoes—and make it easy to find the exact pair you need. (Bonus: It encourages your family to take their shoes off before they enter the house, to help keep your floors cleaner.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>15. <strong>Add Storage for the Things You Love</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your garage can store more than just tools, pantry items, and old paint. James Malone of Going Up Building and Remodels designed this wine cellar section within a garage space—but recommends making sure that your garage is well insulated to avoid temperature swings that could harm your wine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>16. <strong>Sort by Activity</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Create dedicated spaces for each of your pastimes, and group everything you need together. This storage unit from Häfele can keep golf balls, clubs, and even shoes together so you can grab and go to hit the links faster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>17. <strong>Think Vertically</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Free up valuable garage floor space by moving as many items as possible onto the walls or other spots. Designer Victoria Leone of Optimized Therapy opted to hang bikes on the wall to keep them safely stowed until the next ride—alongside helmets, beach folding chairs, and other outdoor gear.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>18. <strong>Use Labeling to Make It Easy to Find Stuff</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make it simple to find exactly what you need with a clear labeling system. (Use large lettering like Corder did so you can see what\'s inside the top-most bins without breaking out the ladder.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>19. <strong>Make It Easy for Kids to Use</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Open and easy-to-see storage makes it simpler for them to find what they\'re looking for–without dumping out every bin for that basketball.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>20. <strong>Move Storage Away from the Wall</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For this garage renovation, garage designers Garage Flex opted to create a center island with plenty of storage that helps separate the garage into a car space and work and storage space.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.realsimple.com/home-organizing/organizing/garage-organization-ideas\">click here.</a></p>\n<!-- /wp:paragraph -->','20 Clever Garage Organization Ideas to Clear the Chaos','','inherit','closed','closed','','3485-revision-v1','','','2023-09-28 18:56:06','2023-09-28 18:56:06','',3485,'http://smartinsurance.tips/?p=3487',0,'revision','',0),(3488,1,'2023-09-28 19:22:52','2023-09-28 19:22:52','<!-- wp:paragraph -->\n<p>Don\'t be scared to try these Halloween-themed marketing tactics to build your customer base and engage with your community.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3489,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-41-1024x536.png\" alt=\"\" class=\"wp-image-3489\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Holidays present a unique opportunity to get creative with your business marketing tactics and have some fun with your community — and October is a great month to engage your customers with Halloween marketing ideas. This is an especially good time for your business to get an all-important marketing push before the end-of-year holiday season officially starts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When evaluating the following Halloween marketing ideas, it\'s important to stay true to your brand, business model and customer base. Not every marketing idea will work for your unique business, but incorporating some of the following strategies can help your customers celebrate with your small business, and hopefully keep them coming back after Halloween, as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. Decorate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>For businesses with a brick-and-mortar location, a super simple Halloween marketing idea is to decorate your storefront with Halloween-themed decor. Fake cobwebs, pumpkins, a makeshift scarecrow, spooky menu board or sidewalk sign are all inexpensive but fun ways to decorate your store and catch the eyes of passersby.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. Host a costume party</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Another option is to host an event in your business space to gather the community and encourage them to buy while having fun. Ask attendees to dress up and then provide snacks, drinks and maybe a festive soundtrack. You can get the word out on social media, with flyers at your storefront or via direct mail or email marketing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Advertising for the party alone will be good for your business, but you can also offer special product discounts or services at the party to attract attendees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. Create themed products</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Make limited edition products or menu items that will ignite the Halloween spirit in your customers. If you own a restaurant or cafe, for example, consider new menu items to go along with the holiday. It’s pretty clear that the pumpkin spice craze isn’t going anywhere, and there are countless ways to incorporate ghouls, ghosts, witches and other spooky characters or items into your product plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. Offer spooky deals and discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You don’t always need a reason to provide discount pricing, but attaching deals to holidays is a great way to resonate with your customers and encourage them to take you up on the limited-time offer. You can offer discounts to people who purchase a Halloween-themed product, or those who dress up for the holiday. This can help you draw customers in and could also provide some content to share on your social media channels or in a future business newsletter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. Dress up</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Depending on your type of business, consider dressing in costume yourself while you\'re on the floor or behind the register. If you have employees, you could coordinate a group costume for your entire staff to participate in. This could be relevant to your business itself or something fun from pop culture.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If an entire costume isn\'t feasible, consider customizing Halloween-themed name tags, whether in the shape of a pumpkin of spiderweb or incorporating black and orange colors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. Welcome trick-or-treaters</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>What better way to increase foot traffic to your business than providing free candy for trick-or-treaters? You may also consider some branded swag or coupons to give out to the chaperones. Another option is to put out candy throughout the month of October to get some extra face time with your customers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. Host a Halloween contest or giveaway</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This can be a great way to drive people to your physical storefront or increase your social media following. Post a Halloween-themed contest or customer appreciation giveaway to your social media accounts or advertise it in your store. Typically, people will need to take an action to enter the contest — giving an email address, following your account, tagging friends, etc. Be sure the rules and deadline to enter are clear, and to announce the winner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">8. Consider direct mail</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Rather than wait for potential customers to come into your place of business, reach out to them proactively with a Halloween-themed direct mail campaign. You could send out small promotional items, Halloween-themed coupons or promote future events or contests. It’ll make your customers feel special while also encouraging them to visit your storefront or website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">9. Give out branded trick-or-treat bags</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you\'re welcoming trick-or-treaters to your storefront or want to leave some treats out for taking, consider packaging them in a branded bag for some extra business promotion. It’s a great way to get your business’s name and logo out in the wild on a night when a good majority of the public will be out and about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">10. Partner with fall-themed attractions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>October has a wealth of seasonal businesses that your business could partner with, including haunted houses, apple picking farms, cornfield mazes and pop-up costume stores. See if there’s a way for your business to insert itself in the fun: Be the snack sponsor or provide some free products. While there, you could also hand out coupons for people to use the next time they visit your store or website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">11. Take to social media</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Social media is an important part of any marketing strategy, and planning Halloween-themed posts, stories or videos is a great way to capitalize on the holiday while promoting your brand. The best platforms to use will depend on your business and target audience, but Instagram, Facebook, Twitter and TikTok are a few options to explore.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">12. Host a pumpkin carving contest</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This fall marketing idea is great because it can be done in the weeks leading up to Halloween, draws a crowd and you can end up with some extra decorations in the end. Depending on your space, you may be able to host it in or around your store, which can also help bring customers in to shop. Consider partnering with a local farm to help cut costs and provide cross-promotional opportunities for both your businesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/small-business/halloween-marketing-ideas\">click here.</a></p>\n<!-- /wp:paragraph -->','12 Halloween Marketing Ideas for Your Small Business','','publish','open','open','','12-halloween-marketing-ideas-for-your-small-business','','','2023-09-28 19:22:52','2023-09-28 19:22:52','',0,'http://smartinsurance.tips/?p=3488',0,'post','',0),(3489,1,'2023-09-28 19:21:44','2023-09-28 19:21:44','','My-project-1-41','','inherit','open','closed','','my-project-1-41-2','','','2023-09-28 19:21:44','2023-09-28 19:21:44','',3488,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-41.png',0,'attachment','image/png',0),(3490,1,'2023-09-28 19:22:52','2023-09-28 19:22:52','<!-- wp:paragraph -->\n<p>Don\'t be scared to try these Halloween-themed marketing tactics to build your customer base and engage with your community.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3489,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-41-1024x536.png\" alt=\"\" class=\"wp-image-3489\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Holidays present a unique opportunity to get creative with your business marketing tactics and have some fun with your community — and October is a great month to engage your customers with Halloween marketing ideas. This is an especially good time for your business to get an all-important marketing push before the end-of-year holiday season officially starts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When evaluating the following Halloween marketing ideas, it\'s important to stay true to your brand, business model and customer base. Not every marketing idea will work for your unique business, but incorporating some of the following strategies can help your customers celebrate with your small business, and hopefully keep them coming back after Halloween, as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. Decorate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>For businesses with a brick-and-mortar location, a super simple Halloween marketing idea is to decorate your storefront with Halloween-themed decor. Fake cobwebs, pumpkins, a makeshift scarecrow, spooky menu board or sidewalk sign are all inexpensive but fun ways to decorate your store and catch the eyes of passersby.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. Host a costume party</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Another option is to host an event in your business space to gather the community and encourage them to buy while having fun. Ask attendees to dress up and then provide snacks, drinks and maybe a festive soundtrack. You can get the word out on social media, with flyers at your storefront or via direct mail or email marketing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Advertising for the party alone will be good for your business, but you can also offer special product discounts or services at the party to attract attendees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. Create themed products</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Make limited edition products or menu items that will ignite the Halloween spirit in your customers. If you own a restaurant or cafe, for example, consider new menu items to go along with the holiday. It’s pretty clear that the pumpkin spice craze isn’t going anywhere, and there are countless ways to incorporate ghouls, ghosts, witches and other spooky characters or items into your product plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. Offer spooky deals and discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You don’t always need a reason to provide discount pricing, but attaching deals to holidays is a great way to resonate with your customers and encourage them to take you up on the limited-time offer. You can offer discounts to people who purchase a Halloween-themed product, or those who dress up for the holiday. This can help you draw customers in and could also provide some content to share on your social media channels or in a future business newsletter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. Dress up</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Depending on your type of business, consider dressing in costume yourself while you\'re on the floor or behind the register. If you have employees, you could coordinate a group costume for your entire staff to participate in. This could be relevant to your business itself or something fun from pop culture.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If an entire costume isn\'t feasible, consider customizing Halloween-themed name tags, whether in the shape of a pumpkin of spiderweb or incorporating black and orange colors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. Welcome trick-or-treaters</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>What better way to increase foot traffic to your business than providing free candy for trick-or-treaters? You may also consider some branded swag or coupons to give out to the chaperones. Another option is to put out candy throughout the month of October to get some extra face time with your customers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. Host a Halloween contest or giveaway</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This can be a great way to drive people to your physical storefront or increase your social media following. Post a Halloween-themed contest or customer appreciation giveaway to your social media accounts or advertise it in your store. Typically, people will need to take an action to enter the contest — giving an email address, following your account, tagging friends, etc. Be sure the rules and deadline to enter are clear, and to announce the winner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">8. Consider direct mail</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Rather than wait for potential customers to come into your place of business, reach out to them proactively with a Halloween-themed direct mail campaign. You could send out small promotional items, Halloween-themed coupons or promote future events or contests. It’ll make your customers feel special while also encouraging them to visit your storefront or website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">9. Give out branded trick-or-treat bags</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you\'re welcoming trick-or-treaters to your storefront or want to leave some treats out for taking, consider packaging them in a branded bag for some extra business promotion. It’s a great way to get your business’s name and logo out in the wild on a night when a good majority of the public will be out and about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">10. Partner with fall-themed attractions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>October has a wealth of seasonal businesses that your business could partner with, including haunted houses, apple picking farms, cornfield mazes and pop-up costume stores. See if there’s a way for your business to insert itself in the fun: Be the snack sponsor or provide some free products. While there, you could also hand out coupons for people to use the next time they visit your store or website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">11. Take to social media</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Social media is an important part of any marketing strategy, and planning Halloween-themed posts, stories or videos is a great way to capitalize on the holiday while promoting your brand. The best platforms to use will depend on your business and target audience, but Instagram, Facebook, Twitter and TikTok are a few options to explore.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">12. Host a pumpkin carving contest</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This fall marketing idea is great because it can be done in the weeks leading up to Halloween, draws a crowd and you can end up with some extra decorations in the end. Depending on your space, you may be able to host it in or around your store, which can also help bring customers in to shop. Consider partnering with a local farm to help cut costs and provide cross-promotional opportunities for both your businesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/small-business/halloween-marketing-ideas\">click here.</a></p>\n<!-- /wp:paragraph -->','12 Halloween Marketing Ideas for Your Small Business','','inherit','closed','closed','','3488-revision-v1','','','2023-09-28 19:22:52','2023-09-28 19:22:52','',3488,'http://smartinsurance.tips/?p=3490',0,'revision','',0),(3491,1,'2023-09-28 19:29:25','2023-09-28 19:29:25','<!-- wp:paragraph -->\n<p>It\'s harder than ever to tell if that email, text, or phone call is from someone trying to steal your money, personal information, or both. What you need to know now.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3492,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-17-1-1024x536.png\" alt=\"\" class=\"wp-image-3492\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Technology offers so many convenient ways to keep in touch with friends and family, and manage our daily lives: cell phone calls, emails, texts, social media, and beyond. But it also allows would-be scammers to contact us on these platforms relentlessly—and try to get hold of our money, personal information, and identities. It can make you dread the simple act of answering the phone or opening an email.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That’s how Alyson Friedman feels. A business owner in New York City, Friedman was fooled into giving important financial details to a scammer. “Recently, on a hectic day, I got a text saying there was a problem with my bank account,” she says. It said that for security reasons, she needed to click a provided link and verify her details. Friedman assumed she’d made a mistake in a Zelle payment: “I figured I must have typo’d the address—I’d just sent money for upholstery cleaning.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So Friedman clicked the link and entered her bank account username and password, only to receive another text—that a new user was attempting to log in. Sensing that something was wrong, she called her bank directly. “I felt like such a fool,” says Friedman, who ended up not losing money to the scammer, thanks to her bank’s fraud prevention team. Now, she says, “I barely answer my phone unless I recognize the number.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Given the ever-increasing sophistication of scams and scammers, caution is warranted. Plus, these criminals may be more likely to target older adults, thinking they’re less tech-savvy than their younger counterparts. According to the Federal Trade Commission, those in their 60s and 70s who report that they’ve been defrauded have median losses of $666 and $1,000, respectively. The numbers are $552 for those in their 50s, $600 for those in their 40s, and $590 for those in their 30s.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But you are not powerless against scammers. This guide will help you raise your awareness of criminal gambits in the making, so you can sidestep them. It will also tell you what to do if you’ve been scammed. And don’t feel embarrassed or ashamed if you’ve been tricked, says Eva Velasquez, president and CEO of the Identity Theft Resource Center in San Diego. Even the most tech-savvy people have been fooled by these cunning new frauds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">New Text Scams</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Those text messages certainly are attention-grabbing, saying there’s a problem with your Amazon, Apple, Netflix, bank, or cell phone account, or that you’ve won a great prize or gift card. Or it could have been a “wrong number” text, from someone who supposedly contacted you in error.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever the conceit, these texts usually urge you to click immediately on an embedded link. But doing so can take you to a web page that requests personal information, like passwords to your Netflix account or credit card numbers to “pay” for shipping and taxes on the prize you supposedly won.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Instead of a prize, you could find unauthorized charges on your credit card or worse: Sixty percent of scam texts are designed to transmit “malware,” says Michael Bruemmer, head of global data breach resolution at Experian, the credit reporting agency. This malicious software can infect your device and grab enough personal info to take over your shopping, financial, and social media accounts, or even steal your identity. Text scams, or “smishing,” are overtaking phone call scams as criminals’ digital tool of choice, and now account for 22 percent of all fraud reports to the FTC’s Consumer Sentinel Network, which shares scam info with law enforcement agencies. One likely reason: It’s easy for fraudsters to send out numerous messages at a time via a chatbot, a tool that can engage in human-sounding communication.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Text Scam</strong><br>“One of the best prevention tips is to be wary of any unsolicited, out-of-the-blue outreach,” says Eden Iscil, public policy manager of the nonprofit National Consumers League. And any text that mentions “fraudulent activity detected” or “free gift” should set off alarms. Spelling and grammar mistakes may also be signs of a scam message.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So if you’re unsure, don’t respond or click on a link. Contact the source that the text appeared to come from through official channels. “If it’s regarding your credit card, call the issuer,” Velasquez says. “If it’s about your bank account, call the bank directly or log in to your account online to investigate. Call your cable company’s customer service number directly.” (If you get confirmation that the text was a fake, forward it to 7726 to help your wireless carrier identify scammers. Then block the sender and delete the text.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you opened the text:&nbsp;</strong>Opening a suspicious text or even sending a simple reply—for example, “You don’t have the right person”—won’t put you in danger of malware being transferred to your device or your personal data being taken, Velasquez says. But it does tell the fraudster your number is active, so you could receive more smishing texts in the future. (The same can happen if you click on “unsubscribe” or “stop” links.) Simply forward the text, then block the sender and delete the text.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you clicked on a link and were led to a website, exit the browser ASAP, and delete the URL from your browsing history, Bruemmer says. Then forward, block, and delete as above. Temporarily disconnect from WiFi or turn on airplane mode. Then, because you can’t always tell when a device has been infected with malware, it’s smart to run a security program (see “7 Smart Security Steps,” below). Or call the device’s manufacturer for tech support or a referral to a tech pro who can scan it, Iscil says. And if you shared info that could compromise an account (notably, a password), change relevant information, such as password and username.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed:</strong>&nbsp;The remedies vary, depending on what was taken and how quickly you became aware of the scam. But if, after reporting and blocking the sender, you suspect or know that someone got into accounts that have payment methods associated with them (perhaps you notice an unfamiliar autopayment coming out of your bank account or your credit card issuer put a hold on a card), contact the fraud teams at those companies right away for guidance. You can search online for the contact number. You may have to close some accounts and open new ones, Bruemmer says, and you’ll certainly want to change passwords and usernames of compromised accounts. Then get in touch with the customer service or fraud departments at any nonfinancial accounts and platforms you think may have been affected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your mobile device isn’t working after an encounter with a scammer, whether they reached you by phone or another method, take the device to a tech repair service as soon as possible. This can stop a scammer from accessing your personal data and contacts. Also, call your cell carrier for advice; search its name and “fraud department” online to find the appropriate number. They may have you reset the phone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Filing a report with your local police is wise. You might need to do this if you have to prove to creditors and credit bureaus that you were defrauded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• If you think the scammer may have sufficient information to open lines of credit in your name (your name, address, and Social Security number can be enough), ask the three credit reporting agencies—Equifax, Experian, and TransUnion—to freeze your credit to prevent this. Request copies of your credit reports, too, and monitor them (and all money-related accounts) for a year afterward for oddities like your credit score drifting down for no discernible reason or new credit card accounts you didn’t open.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Watch for unexpected credit or debit cards in the mail, or denials for such cards, says Velasquez at the Identity Theft Resource Center. Iscil at the National Consumers League adds, “Victims of identity theft may also notice incorrect information on a credit report, receive bills for credit cards they did not open, or detect abnormalities on their tax forms or Social Security benefit statements.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Depending on your particular situation, you might want to take additional steps. For instance, if you think your Social Security number or Medicare data was used in fraudulent ways, contact those organizations. The FTC’s IdentityTheft.gov, the Identity Theft Resource Center, the AARP Fraud Helpline (877-908-3360), and your local FBI office may have advice for specific issues.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Latest Phone Scams</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many of us are familiar with those out-of-the-blue calls, alerting us to a supposed computer virus or perhaps telling us we owe money to a company or government agency and must pay right away. These calls may sound believable, but they’re likely from scammers. Phone fraud cost some 68.4 million Americans money in 2022, says the U.S. Spam &amp; Scam Report from Truecaller, creator of a spam-blocking app. The median loss was $1,400 per person scammed, the FTC says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These days, some scammers are taking advantage of technological advances such as artificial intelligence to trick us. With voice cloning, a fraudster snags a snippet of a person’s voice—perhaps from a video on social media or recorded during a prior phone call—and creates false statements with the “voiceprint.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Recently, a Phoenix TV station reported on such a situation. According to KTVK, an Arizona family received a terrifying call from someone who claimed to have kidnapped their daughter—with the sound of her crying in the background. But it was an AI scam, the station says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Scammers can also “spoof”—or fake—phone numbers to make it seem as if they’re calling from a specific organization or area. For instance, a 202 area code (Washington, D.C.) might make a fake call from the IRS seem more credible. Or a criminal may use your area code and first three local digits, hoping the familiar numbers encourage you to pick up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Phone Scam<br></strong>It can be hard to tell, experts say, but statements like “Scam Likely” or “Potential Spam” on your caller ID may be a tip-off. Spam filtering from your phone carrier and manufacturer may help, too (see “Can You Block Scammers?” below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But generally, experts say, it’s best to let unsolicited calls from unfamiliar numbers—and those that appear to be from businesses, government agencies, and other organizations—go right to voicemail. If the caller leaves a message, you can listen to it later.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you think the message might be genuine, look up the company or organization’s contact info on its website. Call that number—not the one that was left on your voicemail. You can’t assume the one in the message is real.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you answered the call:&nbsp;</strong>Picking up tells the scammer that they’ve hit on a working number, which could lead to an uptick in such calls in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>More worrisome is that having a conversation with the caller could allow them to create a voiceprint of you for use in future scams. So the moment you suspect that you’re on the line with a bad actor or scammy robocall, hang up and block the number. With robocalls, don’t press any buttons or use voice commands to opt out of future calls—this can put you on a call-again list, says Bruemmer at Experian.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What if you get one of those scary relative-in-distress calls? Asking a question only they know the answer to can tell you if it’s actually your loved one on the line. (If you’re uncertain, call or text them from another device to verify their safety.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For the future, Rachel Woods, an AI startup founder, recommends in a TikTok post that you establish a safe word—such as Nantucket—with your nearest and dearest, to protect you all from falling for this kind of scam.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed: </strong>If a scam that started with a phone call cost you money or compromised your personal credentials, or you notice your phone isn’t working properly, see the advice in “New Text Scams,” above.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Suspicious Emails</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Phishing emails—which are designed to get you to share financial and other personal info—have been around since the mid-1990s and are still going strong. And these days, evolving technology can make email ruses harder to detect. For instance, fraudsters can rapidly create believable messages with ChatGPT, an AI chatbot, says Steve Baker, founder of the Baker Fraud Report and former director of the FTC’s Midwest region.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Common email scams play on emotions to get you to send money or information: joy (you’ve won something!) or fear (your credit card or utility account is locked, and you must click the link to update your credentials). Some appeal to your desire to help others, like alerts to a GoFundMe for someone with a terrible disease. One such recent plea was for a toddler in need of medical care. But the donation link in the email sent funds to a scammer, according to a caution from the city of Urbana, Ill.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting an Email Scam</strong><br>First, check the email address. On a computer, without opening the email, hover your cursor over the sender’s name to bring up the full address. If it’s not from the sender you expect or it’s odd—say, “Amazonn” instead of “Amazon”—it’s not legit. On a mobile device, open the email and hit reply, but don’t send a response. This should let you see the sender’s address, though you may need to tap on it, Baker says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another red flag is being asked for any payment for something you ostensibly won. Also, a reputable business won’t send an email requesting updated information via an embedded link. You’d likely be asked to log in to your account through its website or to call customer service. When in doubt, go to the business’s official website and get the contact information there. Be cautious about GoFundMe requests with a tight deadline or about requests for cash, crypto, a gift card, or a wire transfer, the FTC says. Tip: A reverse search in Google Images (search in your web browser for how) may tell you whether photos were stolen and are actually associated with other people. For a charity, see how it’s rated on sites such as Charity Navigator and use the organization’s website instead of an email link to donate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you opened the email:</strong>&nbsp;As long as you didn’t click a link or download an attachment, you’re at little risk—even if you replied to the email. (This could put you on an “email again” list, though.) Skip any “click here to unsubscribe” links, which could take you to a malicious website or give criminals the chance to hack your device, says Kathy Stokes, the AARP’s director of fraud protection programs. Label the email “spam” or “junk,” and it should be moved out of your inbox. Then block the sender.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you did click on a link or an attachment, close the email right away, and label and block as described above. And if your click opened a website window, shut it promptly and delete the address from your browser history to make sure you don’t accidentally open it again. Promptly trash any attachment you downloaded and disconnect from WiFi or turn off your phone, tablet, or computer for a minute; this may interrupt any malware that’s downloading. To make sure, run a security program (see “7 Smart Security Steps,” below) or have a tech pro check your device. What if you entered personal details, such as your credit card log-in? See “New Text Scams,” above.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed:</strong>&nbsp;Follow the guidance in “New Text Scams.” And if your email was hacked, ask your email provider what steps you need to take next. For instance, if you can’t regain control of your account, you might need to open a new one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Facebook Frauds</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Scam artists are loading up Facebook, Instagram, and other social media platforms with cons: In 2022, social media was the starting point for 11 percent of reported fraud where a contact method was specified. The median loss per incident was $528.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just a few examples of what you may see in your social media feeds: Ads touting incredible bargains on all kinds of products, offers of low-interest loans and amazing cryptocurrency investing opportunities, friend requests from strangers who think you sound interesting or, curiously, from people you’re already friends with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some are surely scams. Send off your payment for those interesting products, for instance, and you may get nothing, or just an item of little value—like a sticker instead of the 50-piece tool set you ordered, Stokes says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Social Media Scam<br></strong>If you receive an odd message from a friend or relative, they were likely hacked, says Velasquez at the Identity Theft Resource Center. Don’t respond. Contact them off the platform to see if a scammer was reaching out in their name.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That stranger who wants to get to know you on social media? They may be after money and not friendship. It’s wise to ignore anyone you don’t know, no matter how many common connections you have, Stokes says. (And keep in mind that any information you share on social media—from your answers on those ever-present quizzes to pictures from a recent vacation to a health diagnosis—can be used by scammers to buddy up to you and gain your trust.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, any loan or investing opportunity that sounds too good to be true probably is—especially cryptocurrency investment offers. From January 2021 through March 2022, almost $4 out of every $10 reported lost to a fraud originating on social media was in crypto, far more than any other payment method, according to the FTC.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For shopping, you may get some insight by checking for negative comments below a product post, seeing what the Better Business Bureau has to say, and searching online for the business’s name and the word “scam” or “fraud.” Your safest move might be going directly to a familiar brand’s website and buying there, Iscil says. While certain ads in your feed may be legitimate, it can be tough to tell. For instance, Facebook’s blue check mark indicates that the seller’s identity has been verified. But scammers can duplicate such visuals, as well as logos.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you responded: </strong>Merely messaging with another account won’t put you at risk, but stop if you have an uneasy feeling, then block the sender and report the incident to the platform’s help center. If you revealed personal details (account numbers and/or passwords, for instance), or clicked on a link or downloaded an attachment, follow the related advice in “New Text Scams.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed: </strong>Follow the advice in “New Text Scams” to secure your accounts and request charge-backs and refunds. For instance, if you used a credit card to pay for an item that never arrived, contact your card issuer. If you lost money investing in cryptocurrency, your odds of recouping it are low, experts say. But it’s still smart to report it, as outlined in “New Text Scams.” And if you lost access to a social media account because of a scam, get in touch with the platform’s fraud department. Go to the platform’s website to find the contact info. If you have to open a new account, alert friends not to communicate with the old account, to reduce their likelihood of being scammed, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Watch Out for This ATM Card Scam</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When using an ATM, you probably should shield your PIN to make sure no would-be thief sees it. But there’s a newer ATM scam you might not yet be aware of: the “glue and tap.” Here, according to news reports, a fraudster jams an ATM card slot reader so you can’t insert your card. They then suggest that you bypass the slot and use the card’s “tap” function instead. But unless you log out of the account after a tap transaction, which you might not realize is necessary, the scammer can access your account once you’ve walked away from the ATM.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you encounter a jammed ATM terminal and a stranger is on hand offering advice, find another location with a functional machine. You may want to do the same if someone is just loitering near an ATM you want to use, especially if they try to strike up a conversation. “I wouldn’t want to interact with any stranger hanging out while I conduct a financial transaction,” says the AARP’s Kathy Stokes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And if you lost money through an ATM scam, call the police and file a report as soon as possible. Also, immediately contact the bank to request a refund. If you report the crime within two days, you should be protected under the Electronic Fund Transfer Act.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Be Careful With QR Codes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>During the pandemic, restaurants started using QR codes to give touchless access to menus. Patrons scanned the code with their smartphone camera and a link to the menu popped up. Such codes are now used in various official settings—for instance, to provide information to visitors at certain museums, and at Walmart’s self-checkout lanes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But scammers are also creating QR codes that can lead to fake payment websites or download malware, the FBI says. The Better Business Bureau says these may show up in emails or texts offering debt consolidation, on ad flyers, on phony parking tickets placed on windshields, or on stickers put on parking meters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Think twice if you see a QR code on a sticker. “It’s very easy for bad actors to print out a sticker of their own QR code and place it over the legitimate one,” says security expert Eden Iscil.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, bypass any that look odd (very big, small, or pixilated) or are in text or email payment requests, says lawyer Steve Weisman, founder of Scamicide, a website that tracks numerous kinds of scams. Before you use a code, check the website address displayed. The URL should start with “https,” be similar in length to other URLs, and have no misspellings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you scan a code and are sent to an unexpected website, close it, shut your WiFi off, and run a security program or consider having your device scanned by a tech professional—even if you didn’t share personal info or make a payment. “Malware can be downloaded just by connecting to the scammer’s website,” Weisman says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can You Block Scammers?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s no surefire way to stop all undesirable messages. But these strategies can help decrease the volume significantly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Phone Calls<br></strong>Wireless carriers’ free filtering apps, such as AT&amp;T’s ActiveArmor, T-Mobile’s Scam Shield, and Verizon’s Call Filter, identify and block calls that are likely to be scams or spam. Premium options ($4 per month per line) add features like reverse number lookup.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, Apple and Android phones let you silence calls from people you don’t know. On an Android phone, go to the phone app, then Settings, then Blocked numbers, and turn on Unknown. On an iPhone, go to phone Settings, then Phone, then choose Silence Unknown Callers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And you can sign up for the National Do Not Call Registry. This won’t stop fraudsters, but it blocks most real sales calls (groups such as charities and political organizations are exceptions). That way, you’ll know sales calls are fairly likely to be scams—and can be on your guard.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Text Messages<br></strong>On an Android phone, open Messages, tap the three-dot icon on the top right of the screen, go to Settings, then Spam protection, and turn on “Enable spam protection.” This way, you’ll be alerted if a message may be coming from a dubious source. On an iPhone, go to Settings, then Messages, then Filter Unknown Senders, and you won’t receive message notifications from senders who are outside your contacts list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Emails<br></strong>Email platforms do try to block dangerous emails such as phishing attempts, but some could still get into your inbox. You can filter out messages from specific email addresses and those that have particular words in the subject line; search the platform’s help center with a term like “email filtering.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Social Media Accounts<br></strong>Make these as private as possible to keep the circle of people who can post or send you messages small. “That’s the safest option for most consumers,” says Eden Iscil at the National Consumers League. How you do this and what exactly you can do varies by platform, so you’ll need to check your account settings. For instance, on Facebook, you can change the “Who can send you friend requests” setting from “Everyone” to “Friends of friends.”<em>—Melanie Pinola</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7 Smart Security Steps</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Slow down.&nbsp;</strong>Scammers often press you for immediate action. Pause and think through whether what you’re being told is plausible. You can always respond later, through an organization’s official channels—not a mail, text, phone number, social media message, or link sent to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Share less of your personal info.&nbsp;</strong>People on Facebook, Goodreads, and online neighborhood groups don’t need to know your favorite musician, your mother’s maiden name, or your birthday. Such info helps crooks “phish” for possible answers to security questions. Online quizzes can also provide personal info to scammers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Delete old accounts.&nbsp;</strong>The more digital accounts you have, the greater the risk of your personal info being stolen or misused. Shut accounts you rarely use and delete the apps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4. Allow automatic software updates.&nbsp;</strong>These ensure that you always have the latest security patches for smartphone, computer, and router operating systems. Allowing them is usually the default setting, so you might not need to do anything.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5. Double up.&nbsp;</strong>Multifactor authentication provides an extra layer of security. So if someone steals your bank or email password and tries to use it from an unrecognized device, the account remains sealed until you respond with a second proof of identity (like a one-time code). Scammers may try to get these codes, so never share them over the phone or via text or email.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>6. Stick with safe payment methods.</strong> Credit cards (and PayPal) offer legal protections not found with other methods. With gift cards, cryptocurrency, and wire transfers, it’s almost impossible to get your money back if you’re scammed. Peer-to-peer payment apps like Venmo and Zelle also offer little recourse if you get swindled—it’s best to use these only with people you know.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>7. Use antivirus protection. </strong>Windows 10 and 11 have Microsoft Defender Antivirus, which can shield you from threats like malware. (Check settings to make sure it’s turned on.) Apple’s built-in security is always on. You can get additional protection from software like Avast Premium Security or Bitdefender Internet Security. Get comprehensive security tips at the CR Security Planner.<em>—Chris Raymond</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/money/scams-fraud/how-to-protect-yourself-from-scams-and-fraud-a6839928990/\">click here.</a></p>\n<!-- /wp:paragraph -->','The Consumer Reports Scam Protection Guide','','publish','open','open','','the-consumer-reports-scam-protection-guide','','','2023-09-28 19:29:25','2023-09-28 19:29:25','',0,'http://smartinsurance.tips/?p=3491',0,'post','',0),(3492,1,'2023-09-28 19:24:55','2023-09-28 19:24:55','','My-project-1-17-1','','inherit','open','closed','','my-project-1-17-1','','','2023-09-28 19:24:55','2023-09-28 19:24:55','',3491,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-17-1.png',0,'attachment','image/png',0),(3493,1,'2023-09-28 19:29:25','2023-09-28 19:29:25','<!-- wp:paragraph -->\n<p>It\'s harder than ever to tell if that email, text, or phone call is from someone trying to steal your money, personal information, or both. What you need to know now.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3492,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-17-1-1024x536.png\" alt=\"\" class=\"wp-image-3492\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Technology offers so many convenient ways to keep in touch with friends and family, and manage our daily lives: cell phone calls, emails, texts, social media, and beyond. But it also allows would-be scammers to contact us on these platforms relentlessly—and try to get hold of our money, personal information, and identities. It can make you dread the simple act of answering the phone or opening an email.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That’s how Alyson Friedman feels. A business owner in New York City, Friedman was fooled into giving important financial details to a scammer. “Recently, on a hectic day, I got a text saying there was a problem with my bank account,” she says. It said that for security reasons, she needed to click a provided link and verify her details. Friedman assumed she’d made a mistake in a Zelle payment: “I figured I must have typo’d the address—I’d just sent money for upholstery cleaning.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So Friedman clicked the link and entered her bank account username and password, only to receive another text—that a new user was attempting to log in. Sensing that something was wrong, she called her bank directly. “I felt like such a fool,” says Friedman, who ended up not losing money to the scammer, thanks to her bank’s fraud prevention team. Now, she says, “I barely answer my phone unless I recognize the number.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Given the ever-increasing sophistication of scams and scammers, caution is warranted. Plus, these criminals may be more likely to target older adults, thinking they’re less tech-savvy than their younger counterparts. According to the Federal Trade Commission, those in their 60s and 70s who report that they’ve been defrauded have median losses of $666 and $1,000, respectively. The numbers are $552 for those in their 50s, $600 for those in their 40s, and $590 for those in their 30s.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But you are not powerless against scammers. This guide will help you raise your awareness of criminal gambits in the making, so you can sidestep them. It will also tell you what to do if you’ve been scammed. And don’t feel embarrassed or ashamed if you’ve been tricked, says Eva Velasquez, president and CEO of the Identity Theft Resource Center in San Diego. Even the most tech-savvy people have been fooled by these cunning new frauds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">New Text Scams</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Those text messages certainly are attention-grabbing, saying there’s a problem with your Amazon, Apple, Netflix, bank, or cell phone account, or that you’ve won a great prize or gift card. Or it could have been a “wrong number” text, from someone who supposedly contacted you in error.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever the conceit, these texts usually urge you to click immediately on an embedded link. But doing so can take you to a web page that requests personal information, like passwords to your Netflix account or credit card numbers to “pay” for shipping and taxes on the prize you supposedly won.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Instead of a prize, you could find unauthorized charges on your credit card or worse: Sixty percent of scam texts are designed to transmit “malware,” says Michael Bruemmer, head of global data breach resolution at Experian, the credit reporting agency. This malicious software can infect your device and grab enough personal info to take over your shopping, financial, and social media accounts, or even steal your identity. Text scams, or “smishing,” are overtaking phone call scams as criminals’ digital tool of choice, and now account for 22 percent of all fraud reports to the FTC’s Consumer Sentinel Network, which shares scam info with law enforcement agencies. One likely reason: It’s easy for fraudsters to send out numerous messages at a time via a chatbot, a tool that can engage in human-sounding communication.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Text Scam</strong><br>“One of the best prevention tips is to be wary of any unsolicited, out-of-the-blue outreach,” says Eden Iscil, public policy manager of the nonprofit National Consumers League. And any text that mentions “fraudulent activity detected” or “free gift” should set off alarms. Spelling and grammar mistakes may also be signs of a scam message.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So if you’re unsure, don’t respond or click on a link. Contact the source that the text appeared to come from through official channels. “If it’s regarding your credit card, call the issuer,” Velasquez says. “If it’s about your bank account, call the bank directly or log in to your account online to investigate. Call your cable company’s customer service number directly.” (If you get confirmation that the text was a fake, forward it to 7726 to help your wireless carrier identify scammers. Then block the sender and delete the text.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you opened the text:&nbsp;</strong>Opening a suspicious text or even sending a simple reply—for example, “You don’t have the right person”—won’t put you in danger of malware being transferred to your device or your personal data being taken, Velasquez says. But it does tell the fraudster your number is active, so you could receive more smishing texts in the future. (The same can happen if you click on “unsubscribe” or “stop” links.) Simply forward the text, then block the sender and delete the text.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you clicked on a link and were led to a website, exit the browser ASAP, and delete the URL from your browsing history, Bruemmer says. Then forward, block, and delete as above. Temporarily disconnect from WiFi or turn on airplane mode. Then, because you can’t always tell when a device has been infected with malware, it’s smart to run a security program (see “7 Smart Security Steps,” below). Or call the device’s manufacturer for tech support or a referral to a tech pro who can scan it, Iscil says. And if you shared info that could compromise an account (notably, a password), change relevant information, such as password and username.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed:</strong>&nbsp;The remedies vary, depending on what was taken and how quickly you became aware of the scam. But if, after reporting and blocking the sender, you suspect or know that someone got into accounts that have payment methods associated with them (perhaps you notice an unfamiliar autopayment coming out of your bank account or your credit card issuer put a hold on a card), contact the fraud teams at those companies right away for guidance. You can search online for the contact number. You may have to close some accounts and open new ones, Bruemmer says, and you’ll certainly want to change passwords and usernames of compromised accounts. Then get in touch with the customer service or fraud departments at any nonfinancial accounts and platforms you think may have been affected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your mobile device isn’t working after an encounter with a scammer, whether they reached you by phone or another method, take the device to a tech repair service as soon as possible. This can stop a scammer from accessing your personal data and contacts. Also, call your cell carrier for advice; search its name and “fraud department” online to find the appropriate number. They may have you reset the phone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Filing a report with your local police is wise. You might need to do this if you have to prove to creditors and credit bureaus that you were defrauded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• If you think the scammer may have sufficient information to open lines of credit in your name (your name, address, and Social Security number can be enough), ask the three credit reporting agencies—Equifax, Experian, and TransUnion—to freeze your credit to prevent this. Request copies of your credit reports, too, and monitor them (and all money-related accounts) for a year afterward for oddities like your credit score drifting down for no discernible reason or new credit card accounts you didn’t open.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Watch for unexpected credit or debit cards in the mail, or denials for such cards, says Velasquez at the Identity Theft Resource Center. Iscil at the National Consumers League adds, “Victims of identity theft may also notice incorrect information on a credit report, receive bills for credit cards they did not open, or detect abnormalities on their tax forms or Social Security benefit statements.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Depending on your particular situation, you might want to take additional steps. For instance, if you think your Social Security number or Medicare data was used in fraudulent ways, contact those organizations. The FTC’s IdentityTheft.gov, the Identity Theft Resource Center, the AARP Fraud Helpline (877-908-3360), and your local FBI office may have advice for specific issues.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Latest Phone Scams</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many of us are familiar with those out-of-the-blue calls, alerting us to a supposed computer virus or perhaps telling us we owe money to a company or government agency and must pay right away. These calls may sound believable, but they’re likely from scammers. Phone fraud cost some 68.4 million Americans money in 2022, says the U.S. Spam &amp; Scam Report from Truecaller, creator of a spam-blocking app. The median loss was $1,400 per person scammed, the FTC says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These days, some scammers are taking advantage of technological advances such as artificial intelligence to trick us. With voice cloning, a fraudster snags a snippet of a person’s voice—perhaps from a video on social media or recorded during a prior phone call—and creates false statements with the “voiceprint.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Recently, a Phoenix TV station reported on such a situation. According to KTVK, an Arizona family received a terrifying call from someone who claimed to have kidnapped their daughter—with the sound of her crying in the background. But it was an AI scam, the station says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Scammers can also “spoof”—or fake—phone numbers to make it seem as if they’re calling from a specific organization or area. For instance, a 202 area code (Washington, D.C.) might make a fake call from the IRS seem more credible. Or a criminal may use your area code and first three local digits, hoping the familiar numbers encourage you to pick up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Phone Scam<br></strong>It can be hard to tell, experts say, but statements like “Scam Likely” or “Potential Spam” on your caller ID may be a tip-off. Spam filtering from your phone carrier and manufacturer may help, too (see “Can You Block Scammers?” below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But generally, experts say, it’s best to let unsolicited calls from unfamiliar numbers—and those that appear to be from businesses, government agencies, and other organizations—go right to voicemail. If the caller leaves a message, you can listen to it later.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you think the message might be genuine, look up the company or organization’s contact info on its website. Call that number—not the one that was left on your voicemail. You can’t assume the one in the message is real.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you answered the call:&nbsp;</strong>Picking up tells the scammer that they’ve hit on a working number, which could lead to an uptick in such calls in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>More worrisome is that having a conversation with the caller could allow them to create a voiceprint of you for use in future scams. So the moment you suspect that you’re on the line with a bad actor or scammy robocall, hang up and block the number. With robocalls, don’t press any buttons or use voice commands to opt out of future calls—this can put you on a call-again list, says Bruemmer at Experian.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What if you get one of those scary relative-in-distress calls? Asking a question only they know the answer to can tell you if it’s actually your loved one on the line. (If you’re uncertain, call or text them from another device to verify their safety.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For the future, Rachel Woods, an AI startup founder, recommends in a TikTok post that you establish a safe word—such as Nantucket—with your nearest and dearest, to protect you all from falling for this kind of scam.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed: </strong>If a scam that started with a phone call cost you money or compromised your personal credentials, or you notice your phone isn’t working properly, see the advice in “New Text Scams,” above.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Suspicious Emails</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Phishing emails—which are designed to get you to share financial and other personal info—have been around since the mid-1990s and are still going strong. And these days, evolving technology can make email ruses harder to detect. For instance, fraudsters can rapidly create believable messages with ChatGPT, an AI chatbot, says Steve Baker, founder of the Baker Fraud Report and former director of the FTC’s Midwest region.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Common email scams play on emotions to get you to send money or information: joy (you’ve won something!) or fear (your credit card or utility account is locked, and you must click the link to update your credentials). Some appeal to your desire to help others, like alerts to a GoFundMe for someone with a terrible disease. One such recent plea was for a toddler in need of medical care. But the donation link in the email sent funds to a scammer, according to a caution from the city of Urbana, Ill.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting an Email Scam</strong><br>First, check the email address. On a computer, without opening the email, hover your cursor over the sender’s name to bring up the full address. If it’s not from the sender you expect or it’s odd—say, “Amazonn” instead of “Amazon”—it’s not legit. On a mobile device, open the email and hit reply, but don’t send a response. This should let you see the sender’s address, though you may need to tap on it, Baker says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another red flag is being asked for any payment for something you ostensibly won. Also, a reputable business won’t send an email requesting updated information via an embedded link. You’d likely be asked to log in to your account through its website or to call customer service. When in doubt, go to the business’s official website and get the contact information there. Be cautious about GoFundMe requests with a tight deadline or about requests for cash, crypto, a gift card, or a wire transfer, the FTC says. Tip: A reverse search in Google Images (search in your web browser for how) may tell you whether photos were stolen and are actually associated with other people. For a charity, see how it’s rated on sites such as Charity Navigator and use the organization’s website instead of an email link to donate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you opened the email:</strong>&nbsp;As long as you didn’t click a link or download an attachment, you’re at little risk—even if you replied to the email. (This could put you on an “email again” list, though.) Skip any “click here to unsubscribe” links, which could take you to a malicious website or give criminals the chance to hack your device, says Kathy Stokes, the AARP’s director of fraud protection programs. Label the email “spam” or “junk,” and it should be moved out of your inbox. Then block the sender.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you did click on a link or an attachment, close the email right away, and label and block as described above. And if your click opened a website window, shut it promptly and delete the address from your browser history to make sure you don’t accidentally open it again. Promptly trash any attachment you downloaded and disconnect from WiFi or turn off your phone, tablet, or computer for a minute; this may interrupt any malware that’s downloading. To make sure, run a security program (see “7 Smart Security Steps,” below) or have a tech pro check your device. What if you entered personal details, such as your credit card log-in? See “New Text Scams,” above.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed:</strong>&nbsp;Follow the guidance in “New Text Scams.” And if your email was hacked, ask your email provider what steps you need to take next. For instance, if you can’t regain control of your account, you might need to open a new one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Facebook Frauds</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Scam artists are loading up Facebook, Instagram, and other social media platforms with cons: In 2022, social media was the starting point for 11 percent of reported fraud where a contact method was specified. The median loss per incident was $528.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just a few examples of what you may see in your social media feeds: Ads touting incredible bargains on all kinds of products, offers of low-interest loans and amazing cryptocurrency investing opportunities, friend requests from strangers who think you sound interesting or, curiously, from people you’re already friends with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some are surely scams. Send off your payment for those interesting products, for instance, and you may get nothing, or just an item of little value—like a sticker instead of the 50-piece tool set you ordered, Stokes says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Social Media Scam<br></strong>If you receive an odd message from a friend or relative, they were likely hacked, says Velasquez at the Identity Theft Resource Center. Don’t respond. Contact them off the platform to see if a scammer was reaching out in their name.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That stranger who wants to get to know you on social media? They may be after money and not friendship. It’s wise to ignore anyone you don’t know, no matter how many common connections you have, Stokes says. (And keep in mind that any information you share on social media—from your answers on those ever-present quizzes to pictures from a recent vacation to a health diagnosis—can be used by scammers to buddy up to you and gain your trust.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, any loan or investing opportunity that sounds too good to be true probably is—especially cryptocurrency investment offers. From January 2021 through March 2022, almost $4 out of every $10 reported lost to a fraud originating on social media was in crypto, far more than any other payment method, according to the FTC.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For shopping, you may get some insight by checking for negative comments below a product post, seeing what the Better Business Bureau has to say, and searching online for the business’s name and the word “scam” or “fraud.” Your safest move might be going directly to a familiar brand’s website and buying there, Iscil says. While certain ads in your feed may be legitimate, it can be tough to tell. For instance, Facebook’s blue check mark indicates that the seller’s identity has been verified. But scammers can duplicate such visuals, as well as logos.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you responded: </strong>Merely messaging with another account won’t put you at risk, but stop if you have an uneasy feeling, then block the sender and report the incident to the platform’s help center. If you revealed personal details (account numbers and/or passwords, for instance), or clicked on a link or downloaded an attachment, follow the related advice in “New Text Scams.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed: </strong>Follow the advice in “New Text Scams” to secure your accounts and request charge-backs and refunds. For instance, if you used a credit card to pay for an item that never arrived, contact your card issuer. If you lost money investing in cryptocurrency, your odds of recouping it are low, experts say. But it’s still smart to report it, as outlined in “New Text Scams.” And if you lost access to a social media account because of a scam, get in touch with the platform’s fraud department. Go to the platform’s website to find the contact info. If you have to open a new account, alert friends not to communicate with the old account, to reduce their likelihood of being scammed, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Watch Out for This ATM Card Scam</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When using an ATM, you probably should shield your PIN to make sure no would-be thief sees it. But there’s a newer ATM scam you might not yet be aware of: the “glue and tap.” Here, according to news reports, a fraudster jams an ATM card slot reader so you can’t insert your card. They then suggest that you bypass the slot and use the card’s “tap” function instead. But unless you log out of the account after a tap transaction, which you might not realize is necessary, the scammer can access your account once you’ve walked away from the ATM.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you encounter a jammed ATM terminal and a stranger is on hand offering advice, find another location with a functional machine. You may want to do the same if someone is just loitering near an ATM you want to use, especially if they try to strike up a conversation. “I wouldn’t want to interact with any stranger hanging out while I conduct a financial transaction,” says the AARP’s Kathy Stokes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And if you lost money through an ATM scam, call the police and file a report as soon as possible. Also, immediately contact the bank to request a refund. If you report the crime within two days, you should be protected under the Electronic Fund Transfer Act.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Be Careful With QR Codes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>During the pandemic, restaurants started using QR codes to give touchless access to menus. Patrons scanned the code with their smartphone camera and a link to the menu popped up. Such codes are now used in various official settings—for instance, to provide information to visitors at certain museums, and at Walmart’s self-checkout lanes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But scammers are also creating QR codes that can lead to fake payment websites or download malware, the FBI says. The Better Business Bureau says these may show up in emails or texts offering debt consolidation, on ad flyers, on phony parking tickets placed on windshields, or on stickers put on parking meters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Think twice if you see a QR code on a sticker. “It’s very easy for bad actors to print out a sticker of their own QR code and place it over the legitimate one,” says security expert Eden Iscil.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, bypass any that look odd (very big, small, or pixilated) or are in text or email payment requests, says lawyer Steve Weisman, founder of Scamicide, a website that tracks numerous kinds of scams. Before you use a code, check the website address displayed. The URL should start with “https,” be similar in length to other URLs, and have no misspellings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you scan a code and are sent to an unexpected website, close it, shut your WiFi off, and run a security program or consider having your device scanned by a tech professional—even if you didn’t share personal info or make a payment. “Malware can be downloaded just by connecting to the scammer’s website,” Weisman says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can You Block Scammers?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s no surefire way to stop all undesirable messages. But these strategies can help decrease the volume significantly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Phone Calls<br></strong>Wireless carriers’ free filtering apps, such as AT&amp;T’s ActiveArmor, T-Mobile’s Scam Shield, and Verizon’s Call Filter, identify and block calls that are likely to be scams or spam. Premium options ($4 per month per line) add features like reverse number lookup.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, Apple and Android phones let you silence calls from people you don’t know. On an Android phone, go to the phone app, then Settings, then Blocked numbers, and turn on Unknown. On an iPhone, go to phone Settings, then Phone, then choose Silence Unknown Callers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And you can sign up for the National Do Not Call Registry. This won’t stop fraudsters, but it blocks most real sales calls (groups such as charities and political organizations are exceptions). That way, you’ll know sales calls are fairly likely to be scams—and can be on your guard.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Text Messages<br></strong>On an Android phone, open Messages, tap the three-dot icon on the top right of the screen, go to Settings, then Spam protection, and turn on “Enable spam protection.” This way, you’ll be alerted if a message may be coming from a dubious source. On an iPhone, go to Settings, then Messages, then Filter Unknown Senders, and you won’t receive message notifications from senders who are outside your contacts list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Emails<br></strong>Email platforms do try to block dangerous emails such as phishing attempts, but some could still get into your inbox. You can filter out messages from specific email addresses and those that have particular words in the subject line; search the platform’s help center with a term like “email filtering.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Social Media Accounts<br></strong>Make these as private as possible to keep the circle of people who can post or send you messages small. “That’s the safest option for most consumers,” says Eden Iscil at the National Consumers League. How you do this and what exactly you can do varies by platform, so you’ll need to check your account settings. For instance, on Facebook, you can change the “Who can send you friend requests” setting from “Everyone” to “Friends of friends.”<em>—Melanie Pinola</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7 Smart Security Steps</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Slow down.&nbsp;</strong>Scammers often press you for immediate action. Pause and think through whether what you’re being told is plausible. You can always respond later, through an organization’s official channels—not a mail, text, phone number, social media message, or link sent to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Share less of your personal info.&nbsp;</strong>People on Facebook, Goodreads, and online neighborhood groups don’t need to know your favorite musician, your mother’s maiden name, or your birthday. Such info helps crooks “phish” for possible answers to security questions. Online quizzes can also provide personal info to scammers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Delete old accounts.&nbsp;</strong>The more digital accounts you have, the greater the risk of your personal info being stolen or misused. Shut accounts you rarely use and delete the apps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4. Allow automatic software updates.&nbsp;</strong>These ensure that you always have the latest security patches for smartphone, computer, and router operating systems. Allowing them is usually the default setting, so you might not need to do anything.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5. Double up.&nbsp;</strong>Multifactor authentication provides an extra layer of security. So if someone steals your bank or email password and tries to use it from an unrecognized device, the account remains sealed until you respond with a second proof of identity (like a one-time code). Scammers may try to get these codes, so never share them over the phone or via text or email.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>6. Stick with safe payment methods.</strong> Credit cards (and PayPal) offer legal protections not found with other methods. With gift cards, cryptocurrency, and wire transfers, it’s almost impossible to get your money back if you’re scammed. Peer-to-peer payment apps like Venmo and Zelle also offer little recourse if you get swindled—it’s best to use these only with people you know.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>7. Use antivirus protection. </strong>Windows 10 and 11 have Microsoft Defender Antivirus, which can shield you from threats like malware. (Check settings to make sure it’s turned on.) Apple’s built-in security is always on. You can get additional protection from software like Avast Premium Security or Bitdefender Internet Security. Get comprehensive security tips at the CR Security Planner.<em>—Chris Raymond</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/money/scams-fraud/how-to-protect-yourself-from-scams-and-fraud-a6839928990/\">click here.</a></p>\n<!-- /wp:paragraph -->','The Consumer Reports Scam Protection Guide','','inherit','closed','closed','','3491-revision-v1','','','2023-09-28 19:29:25','2023-09-28 19:29:25','',3491,'http://smartinsurance.tips/?p=3493',0,'revision','',0),(3496,1,'2023-10-01 02:08:49','2023-10-01 02:08:49','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3497,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-18-1024x536.png\" alt=\"\" class=\"wp-image-3497\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Learning how to be a good leader can greatly impact the success of your team, your organization and yourself.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To be an effective leader, you must understand your own motivations, strengths and weaknesses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Great leaders connect with their team by facilitating open communication, encouraging employee growth and development, and giving and receiving feedback.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Anyone can sit in a corner office and delegate tasks, but there is more to effective leadership than that. Effective leaders have major impacts on not only the team members they manage, but also their company as a whole. Employees who work under great leaders tend to be happier, more productive and more connected to their organization – and this has a ripple effect that reaches your business’s bottom line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“I think a great leader is one who makes those around them better,” Dana Brownlee, founder of Professionalism Matters, told Business News Daily. “There are many litmus tests for a great leader, but I really look to those around them: Are they growing, becoming better leaders themselves, motivated, etc.?”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you look around and see that your team members have become disengaged or stagnant in their work, it may be time to reassess and reform your strategies. According to Brownlee, the following behaviors are signs that you may have a poor leadership strategy:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>No one on your team has criticized one of your ideas in the past month.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You spend more time planning your own career progression than that of your team members.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You haven’t had at least three completely non-work-related conversations with a team member weekly.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Different team members would provide different answers if asked your top three priorities for the year.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Team members are afraid to fail.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>A recent study by the Center for Creative Leadership showed that roughly 38% to more than half of new leaders fail within their first 18 months. Leaders can avoid becoming part of this staggering statistic by incorporating good leadership strategies that motivate their team members to accomplish their goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We spoke with CEOs, directors and leadership experts to learn what those leadership strategies are and how you can incorporate them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Engage in honest, open communication.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the most important elements of effective leadership is creating an open line of communication with your team members. Sanjay Patoliya, the founder and director of Teclogiq, said that your own honesty and transparency should serve as an example for your team members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“When you are responsible for a team of people, it is important to be straightforward,” he said. “Your company and its employees are a reflection of yourself, and if you make honest and ethical behavior as a key value, your team will follow.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Brownlee added that great leaders are able to customize their interactions and communication styles to suit each situation and team member, based on individual preferences. “This means they take the time to figure out which communication mode is preferred by each team member – e.g., are they a text person, email, phone, or face-to-face? They’re also great listeners and are authentically interested in other people.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Displaying active communication skills and transparency can build trust among your team and improve overall morale. Ruslan Fazlyev,&nbsp;CEO and founder of e-commerce solutions provider&nbsp;Ecwid, said that in all your communications, it’s important to be genuine above all else.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“There are many leadership styles; there’s no right and wrong,” he said. “But there’s genuine, and there’s fake. There’s no following to fake leadership.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Connect with your team members.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leading a group of people requires a mutual sense of trust and understanding between the leader and their team members. To achieve this, leaders should learn to connect.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Terry “Starbucker” St. Marie, a leadership&nbsp;writer&nbsp;and consultant, said that being a “more human” leader requires positivity, purpose, empathy, compassion, humility and love. These key traits will put you on the road to genuine connections with the members of your team.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Building a real, personal connection with your teammates is vital to developing the shared trust necessary to build a strong culture of accountability and exceptional performance,” St. Marie said. “With that culture in place, the team can achieve a successful business, a happy team and a fulfilled leader.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To build a connection with each of your team members, focus on getting to know their personality, interests, strengths, weaknesses, hobbies and preferences. This can give you insight into their goals and motivations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Patoliya said that successful leaders allow their teams to develop autonomy and add value according to their own personal strengths. “Being able to recognize the strengths of individuals within their team, and allowing them to be responsible and accountable, not only increases employees’ confidence in themselves and their leader, but also increases their performance.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Encourage personal and professional growth.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Acting as your team’s cheerleader is an important part of being an effective leader. You should be invested in their success and growth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keri Ohlrich, the CEO of HR consulting company Abbracci Group, said that leaders should set aside a budget, if only a small one, to dedicate to the growth of their employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“With options as varied as on-demand, virtual [and] in-person options, there’s ample opportunity to continue learning new skills or further developing existing ones,” she said. “Empower your employees to take the time to learn and infuse that in the work they do.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to investing in your employees’ growth financially, you should invest emotionally. John Rampton, founder and CEO of Calendar, said that great leaders empower their employees to grow by giving them challenging opportunities and guiding them as needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“To motivate and inspire employees, leadership strategy is about empowering others to do their best and take on new challenges,” he said. “Employees like challenges and feeling the satisfaction of overcoming them. Whether it’s a tough client, a difficult sale, a hard situation or whatever the case, it’s always good to let them take on these challenges.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When leaders believe in their employees and give them the opportunity to learn and grow, they might be surprised how much they can accomplish. Don’t be afraid to delegate tasks and encourage freedom and creativity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4. Keep a positive attitude.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As much as leaders wish their team’s day-to-day operations could run smoothly all the time, they’re bound to run into the occasional obstacle. Whether it’s a minor miscommunication or a major error, the way you handle a negative situation says a lot about your leadership skills.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Robert Mann, author of <em>The Measure of a Leader</em> (iUniverse, 2013), recommended focusing on the good in any set of circumstances. “Look at three positive things about a problem before you identify what makes it dissatisfying. The more you look at the positives in a problem, the more positively people react with one another.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In his research, Mann has found that after individuals point out things they’re happy with in a problematic situation, they don’t feel so strongly about the problem and are better able to think clearly and solve it. The same is true when a leader needs to improve their strategy. If you or a team member notices a particular course of action you’ve taken that just isn’t working, figure out some things you’ve done in the past that have worked.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Patoliya added that focusing on solutions, rather than problems, can help your team maintain positive engagement. “A positive environment is more likely to create a more engaged and productive workforce. By displaying enthusiasm and confidence, a good leader will see the impact that they can have in their working environment.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5. Teach employees instead of giving orders.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An effective leader knows how to show others what is required, rather than simply telling them. Luke Iorio, president and CEO of the&nbsp;Institute for Professional Excellence in Coaching&nbsp;(iPEC), said leaders should coach their team members toward a more collaborative, committed work environment – without coaxing them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“[If you are] controlling people to do certain things in certain ways, you’re not going to get the level of engagement that you’re looking for,” he said. “Coaching is about helping the people you lead recognize the choices they have in front of them. People will [then] take a great deal of ownership over the direction of the project.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As opposed to simply barking orders at team members, Rampton said that good leaders should encourage growth by teaching. “People wouldn’t grow if leaders never taught them anything. Leaders need to be teaching so they can grow new leaders to take their place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>6. Set clear employee goals and expectations.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Setting clear goals and employee expectations for your team is key to employee success. When setting these objectives, encourage employee questions and feedback. Including them in the process can increase engagement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Amish Shah, president of ALTR Created Diamonds, said that good leaders will also explain the company vision and how team member goals fit into that equation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“For a leader to motivate and inspire, they need to keep their team in the know about their vision,” he said. “This helps employees understand the end result they’re working towards as a unit. When goals are clearly set, everyone can track progress and identify achievements in a tangible manner.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ohlrich also stressed the importance of explaining how these goals impact the organization as a whole. She said that, regardless of seniority level, every employee should be able to articulate how the work they do supports the success of the company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Don’t let team member goals go static. Periodically revisit goals to modify or rearrange them as needed. This will let your team members know that you are present and aware of what they are working on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>7. Give direct feedback about performance.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Taso Du Val,&nbsp;CEO and founder of the&nbsp;Toptal&nbsp;freelance talent network, said direct, honest feedback – even if it’s criticism – is the best way to guide your team in the right direction. You also need to know exactly where your business is headed so you can give them the right advice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If you’re not direct, people won’t know what you truly think about them and their work, and they will never be able to improve,” Du Val said. “If you don’t know the precise direction your company is headed, no matter how much you’ve communicated to your employees and leadership team regarding their individual performance, they will flounder when it comes to making decisions and taking actions. Once those basic principles are in place, deadlines, regular product plans, performance reviews, structure and processes can easily be put into place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to providing constructive feedback and performance reviews, highlight employee accomplishments. If a team member does something great, let them know. Celebrate their wins and thank them for their hard work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Positive recognition will create an environment of productivity,” said Shah. “Acknowledging successes by outlining how it impacts the business, rather than with vague pats on the back, is not only encouraging but also helps a person work better in the long run.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>8. Ask for feedback on your leadership.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your team members aren’t the only ones who can benefit from honest feedback. A true self-assessment of your leadership can be difficult, so mentors, fellow professionals and even your own staff are invaluable in evaluating your effectiveness. According to St. Marie, talking to friends and peers can give you necessary perspective on your leadership style and approach.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leadership coaching can also help you discover areas where you need improvement. A professional who helps you develop a plan to achieve your leadership goals can be more motivational than books and seminars alone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Coaching allows leaders to make the connection and apply [changes] in a real-life setting,” Iorio said. “You need time to integrate, process and reflect, and unless you go through those steps, you won’t have sustainable change.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Fazlyev agreed, noting that your team can give you critical insight into what’s working, what’s not working and what obstructions you must overcome to achieve success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>9. Be open to new ideas.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Good leaders have the emotional intelligence to understand and accept that change is inevitable. Instead of trying to maintain a status quo just for the sake of consistency, embrace change and innovation. Be open to new ideas and alternative ways of thinking. Everyone brings a unique perspective to the table, and that is something to take advantage of, not discourage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“When you’re open to hearing the thoughts of the talent around you is when you truly embrace every possibility and potential,” said Shah. “See things through till the end. Understand that there will be errors along the way, but if something doesn’t work, try to figure out why and how before scrapping it.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When solving a problem, encourage team members to provide their insights. When employees feel like they can openly bring new ideas to the table, true innovation, engagement and success can prevail.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>10. Understand your own motivation.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If a person in a&nbsp;leadership&nbsp;position views their role as “just a job,” it’s going to show. To be an effective leader, you need the right motivation. Is it the money or the prestige you care about, or do you sincerely want to inspire people to do their best?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>St. Marie advised leaders to really ask themselves why they want to lead.&nbsp;“I look at leadership as an honor and a vocation. If, in your heart, you feel leadership is your destiny and how you’ll make a difference in this world, then you are certainly starting from the right place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to what motivates you, Ohlrich said it is important to know what decreases your energy. “Knowing your strengths and weaknesses help you diversify your team and get a well-rounded portfolio of skills. It helps you not hire carbon copies of yourself and surround yourself with others who are not like you.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your leadership style plays a role in how you interact with employees and should be evaluated as well. There are nine different leadership styles, and the best leaders are able to adapt each style to their situations and employees. If you are currently in a leadership role and aren’t sure where you stand on some of these qualities, you can take a quick leadership self-assessment quiz from the Leading With Courage Academy to assess your leadership abilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Remember that being a good leader takes time. Although some individuals are naturally inclined to have good leadership skills, it is something anyone can learn and improve upon. With hard work, dedication and strategic planning, you can lead your team to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.businessnewsdaily.com/4991-effective-leadership-skills.html\">click here.</a></p>\n<!-- /wp:paragraph -->','10 Ways to Become a Better Leader','','publish','open','open','','10-ways-to-become-a-better-leader','','','2023-10-01 02:08:49','2023-10-01 02:08:49','',0,'http://smartinsurance.tips/?p=3496',0,'post','',0),(3497,1,'2023-10-01 02:03:40','2023-10-01 02:03:40','','My-project-1-18','','inherit','open','closed','','my-project-1-18-2','','','2023-10-01 02:03:40','2023-10-01 02:03:40','',3496,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-18.png',0,'attachment','image/png',0),(3498,1,'2023-10-01 02:08:49','2023-10-01 02:08:49','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3497,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-18-1024x536.png\" alt=\"\" class=\"wp-image-3497\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Learning how to be a good leader can greatly impact the success of your team, your organization and yourself.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To be an effective leader, you must understand your own motivations, strengths and weaknesses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Great leaders connect with their team by facilitating open communication, encouraging employee growth and development, and giving and receiving feedback.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Anyone can sit in a corner office and delegate tasks, but there is more to effective leadership than that. Effective leaders have major impacts on not only the team members they manage, but also their company as a whole. Employees who work under great leaders tend to be happier, more productive and more connected to their organization – and this has a ripple effect that reaches your business’s bottom line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“I think a great leader is one who makes those around them better,” Dana Brownlee, founder of Professionalism Matters, told Business News Daily. “There are many litmus tests for a great leader, but I really look to those around them: Are they growing, becoming better leaders themselves, motivated, etc.?”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you look around and see that your team members have become disengaged or stagnant in their work, it may be time to reassess and reform your strategies. According to Brownlee, the following behaviors are signs that you may have a poor leadership strategy:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>No one on your team has criticized one of your ideas in the past month.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You spend more time planning your own career progression than that of your team members.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You haven’t had at least three completely non-work-related conversations with a team member weekly.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Different team members would provide different answers if asked your top three priorities for the year.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Team members are afraid to fail.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>A recent study by the Center for Creative Leadership showed that roughly 38% to more than half of new leaders fail within their first 18 months. Leaders can avoid becoming part of this staggering statistic by incorporating good leadership strategies that motivate their team members to accomplish their goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We spoke with CEOs, directors and leadership experts to learn what those leadership strategies are and how you can incorporate them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Engage in honest, open communication.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the most important elements of effective leadership is creating an open line of communication with your team members. Sanjay Patoliya, the founder and director of Teclogiq, said that your own honesty and transparency should serve as an example for your team members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“When you are responsible for a team of people, it is important to be straightforward,” he said. “Your company and its employees are a reflection of yourself, and if you make honest and ethical behavior as a key value, your team will follow.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Brownlee added that great leaders are able to customize their interactions and communication styles to suit each situation and team member, based on individual preferences. “This means they take the time to figure out which communication mode is preferred by each team member – e.g., are they a text person, email, phone, or face-to-face? They’re also great listeners and are authentically interested in other people.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Displaying active communication skills and transparency can build trust among your team and improve overall morale. Ruslan Fazlyev,&nbsp;CEO and founder of e-commerce solutions provider&nbsp;Ecwid, said that in all your communications, it’s important to be genuine above all else.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“There are many leadership styles; there’s no right and wrong,” he said. “But there’s genuine, and there’s fake. There’s no following to fake leadership.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Connect with your team members.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leading a group of people requires a mutual sense of trust and understanding between the leader and their team members. To achieve this, leaders should learn to connect.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Terry “Starbucker” St. Marie, a leadership&nbsp;writer&nbsp;and consultant, said that being a “more human” leader requires positivity, purpose, empathy, compassion, humility and love. These key traits will put you on the road to genuine connections with the members of your team.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Building a real, personal connection with your teammates is vital to developing the shared trust necessary to build a strong culture of accountability and exceptional performance,” St. Marie said. “With that culture in place, the team can achieve a successful business, a happy team and a fulfilled leader.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To build a connection with each of your team members, focus on getting to know their personality, interests, strengths, weaknesses, hobbies and preferences. This can give you insight into their goals and motivations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Patoliya said that successful leaders allow their teams to develop autonomy and add value according to their own personal strengths. “Being able to recognize the strengths of individuals within their team, and allowing them to be responsible and accountable, not only increases employees’ confidence in themselves and their leader, but also increases their performance.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Encourage personal and professional growth.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Acting as your team’s cheerleader is an important part of being an effective leader. You should be invested in their success and growth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keri Ohlrich, the CEO of HR consulting company Abbracci Group, said that leaders should set aside a budget, if only a small one, to dedicate to the growth of their employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“With options as varied as on-demand, virtual [and] in-person options, there’s ample opportunity to continue learning new skills or further developing existing ones,” she said. “Empower your employees to take the time to learn and infuse that in the work they do.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to investing in your employees’ growth financially, you should invest emotionally. John Rampton, founder and CEO of Calendar, said that great leaders empower their employees to grow by giving them challenging opportunities and guiding them as needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“To motivate and inspire employees, leadership strategy is about empowering others to do their best and take on new challenges,” he said. “Employees like challenges and feeling the satisfaction of overcoming them. Whether it’s a tough client, a difficult sale, a hard situation or whatever the case, it’s always good to let them take on these challenges.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When leaders believe in their employees and give them the opportunity to learn and grow, they might be surprised how much they can accomplish. Don’t be afraid to delegate tasks and encourage freedom and creativity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4. Keep a positive attitude.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As much as leaders wish their team’s day-to-day operations could run smoothly all the time, they’re bound to run into the occasional obstacle. Whether it’s a minor miscommunication or a major error, the way you handle a negative situation says a lot about your leadership skills.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Robert Mann, author of <em>The Measure of a Leader</em> (iUniverse, 2013), recommended focusing on the good in any set of circumstances. “Look at three positive things about a problem before you identify what makes it dissatisfying. The more you look at the positives in a problem, the more positively people react with one another.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In his research, Mann has found that after individuals point out things they’re happy with in a problematic situation, they don’t feel so strongly about the problem and are better able to think clearly and solve it. The same is true when a leader needs to improve their strategy. If you or a team member notices a particular course of action you’ve taken that just isn’t working, figure out some things you’ve done in the past that have worked.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Patoliya added that focusing on solutions, rather than problems, can help your team maintain positive engagement. “A positive environment is more likely to create a more engaged and productive workforce. By displaying enthusiasm and confidence, a good leader will see the impact that they can have in their working environment.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5. Teach employees instead of giving orders.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An effective leader knows how to show others what is required, rather than simply telling them. Luke Iorio, president and CEO of the&nbsp;Institute for Professional Excellence in Coaching&nbsp;(iPEC), said leaders should coach their team members toward a more collaborative, committed work environment – without coaxing them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“[If you are] controlling people to do certain things in certain ways, you’re not going to get the level of engagement that you’re looking for,” he said. “Coaching is about helping the people you lead recognize the choices they have in front of them. People will [then] take a great deal of ownership over the direction of the project.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As opposed to simply barking orders at team members, Rampton said that good leaders should encourage growth by teaching. “People wouldn’t grow if leaders never taught them anything. Leaders need to be teaching so they can grow new leaders to take their place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>6. Set clear employee goals and expectations.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Setting clear goals and employee expectations for your team is key to employee success. When setting these objectives, encourage employee questions and feedback. Including them in the process can increase engagement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Amish Shah, president of ALTR Created Diamonds, said that good leaders will also explain the company vision and how team member goals fit into that equation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“For a leader to motivate and inspire, they need to keep their team in the know about their vision,” he said. “This helps employees understand the end result they’re working towards as a unit. When goals are clearly set, everyone can track progress and identify achievements in a tangible manner.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ohlrich also stressed the importance of explaining how these goals impact the organization as a whole. She said that, regardless of seniority level, every employee should be able to articulate how the work they do supports the success of the company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Don’t let team member goals go static. Periodically revisit goals to modify or rearrange them as needed. This will let your team members know that you are present and aware of what they are working on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>7. Give direct feedback about performance.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Taso Du Val,&nbsp;CEO and founder of the&nbsp;Toptal&nbsp;freelance talent network, said direct, honest feedback – even if it’s criticism – is the best way to guide your team in the right direction. You also need to know exactly where your business is headed so you can give them the right advice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If you’re not direct, people won’t know what you truly think about them and their work, and they will never be able to improve,” Du Val said. “If you don’t know the precise direction your company is headed, no matter how much you’ve communicated to your employees and leadership team regarding their individual performance, they will flounder when it comes to making decisions and taking actions. Once those basic principles are in place, deadlines, regular product plans, performance reviews, structure and processes can easily be put into place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to providing constructive feedback and performance reviews, highlight employee accomplishments. If a team member does something great, let them know. Celebrate their wins and thank them for their hard work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Positive recognition will create an environment of productivity,” said Shah. “Acknowledging successes by outlining how it impacts the business, rather than with vague pats on the back, is not only encouraging but also helps a person work better in the long run.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>8. Ask for feedback on your leadership.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your team members aren’t the only ones who can benefit from honest feedback. A true self-assessment of your leadership can be difficult, so mentors, fellow professionals and even your own staff are invaluable in evaluating your effectiveness. According to St. Marie, talking to friends and peers can give you necessary perspective on your leadership style and approach.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leadership coaching can also help you discover areas where you need improvement. A professional who helps you develop a plan to achieve your leadership goals can be more motivational than books and seminars alone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Coaching allows leaders to make the connection and apply [changes] in a real-life setting,” Iorio said. “You need time to integrate, process and reflect, and unless you go through those steps, you won’t have sustainable change.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Fazlyev agreed, noting that your team can give you critical insight into what’s working, what’s not working and what obstructions you must overcome to achieve success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>9. Be open to new ideas.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Good leaders have the emotional intelligence to understand and accept that change is inevitable. Instead of trying to maintain a status quo just for the sake of consistency, embrace change and innovation. Be open to new ideas and alternative ways of thinking. Everyone brings a unique perspective to the table, and that is something to take advantage of, not discourage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“When you’re open to hearing the thoughts of the talent around you is when you truly embrace every possibility and potential,” said Shah. “See things through till the end. Understand that there will be errors along the way, but if something doesn’t work, try to figure out why and how before scrapping it.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When solving a problem, encourage team members to provide their insights. When employees feel like they can openly bring new ideas to the table, true innovation, engagement and success can prevail.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>10. Understand your own motivation.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If a person in a&nbsp;leadership&nbsp;position views their role as “just a job,” it’s going to show. To be an effective leader, you need the right motivation. Is it the money or the prestige you care about, or do you sincerely want to inspire people to do their best?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>St. Marie advised leaders to really ask themselves why they want to lead.&nbsp;“I look at leadership as an honor and a vocation. If, in your heart, you feel leadership is your destiny and how you’ll make a difference in this world, then you are certainly starting from the right place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to what motivates you, Ohlrich said it is important to know what decreases your energy. “Knowing your strengths and weaknesses help you diversify your team and get a well-rounded portfolio of skills. It helps you not hire carbon copies of yourself and surround yourself with others who are not like you.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your leadership style plays a role in how you interact with employees and should be evaluated as well. There are nine different leadership styles, and the best leaders are able to adapt each style to their situations and employees. If you are currently in a leadership role and aren’t sure where you stand on some of these qualities, you can take a quick leadership self-assessment quiz from the Leading With Courage Academy to assess your leadership abilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Remember that being a good leader takes time. Although some individuals are naturally inclined to have good leadership skills, it is something anyone can learn and improve upon. With hard work, dedication and strategic planning, you can lead your team to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.businessnewsdaily.com/4991-effective-leadership-skills.html\">click here.</a></p>\n<!-- /wp:paragraph -->','10 Ways to Become a Better Leader','','inherit','closed','closed','','3496-revision-v1','','','2023-10-01 02:08:49','2023-10-01 02:08:49','',3496,'http://smartinsurance.tips/?p=3498',0,'revision','',0),(3499,1,'2023-10-01 02:12:56','2023-10-01 02:12:56','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3500,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-38-1024x536.png\" alt=\"\" class=\"wp-image-3500\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Too much Halloween candy got you spooked? Try some of these healthy tips for party snacks and trick-or-treats. Ideas so good, it’s scary!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Curb the Candy Craze</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The kids look adorable in their costumes and are counting down the days until October 31! Are you ready for the sugar rush? With a little creativity, you can find fun ways to include some healthy options in the mix, whether you’re having a party with friends or trick-or-treating in the neighborhood.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Try these tips to make your Halloween festivities a little healthier for your family, party guests and trick-or-treaters.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Trick-or-Treater</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Fill up first. </strong>What kid doesn’t want to eat their favorite candy right when it goes into their trick-or-treat bag? Having a healthy meal BEFORE your kids go trick-or-treating can reduce their temptation to snack while walking or to overindulge, because their tummies will be full.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Bag the monster bag.</strong>&nbsp;Choose or make a smaller collection container for your child and steer clear of the pillow case method. If you encourage kids to only take one piece of candy from each house, they’ll be able to visit more houses in the neighborhood.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Get moving.</strong> Get some exercise by making Halloween a fun family activity. Walk instead of driving kids house to house. Set a goal of how many houses or streets you’ll visit, or compete in teams to do as many as you can. Bring a bottle of water and a flashlight, and wear comfortable shoes for walking.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Look before you eat.</strong>&nbsp;Check expiration dates and inspect all edibles before allowing children to eat them. Don’t let children eat anything with questionable or unknown ingredients, especially if they have food allergies.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Have a plan. </strong>Halloween, and Eat Smart Month in November, can be a great time to talk with kids about moderation and making smart eating choices. Plan in advance how much candy they’ll be allowed to take at each house, keep, and eat. If they’re old enough, let them help decide what to do with excess candy. See our suggestions later on in this article.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Party Host</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Up the fright factor. </strong>Serve healthy snacks dressed up in the Halloween theme. There are lots of creative ideas being shared online at this time of year, like banana ghosts, apple monster mouths, carrot witch fingers, and candy-corn-colored fruit popsicles or parfaits!<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Play with food.&nbsp;</strong>Incorporate healthy foods into party activities, such as decorating oranges like Jack-O-Lanterns and bobbing for apples.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep ’em on their feet.</strong>&nbsp;Include plenty of physical activities, like a zombie dance party, three-legged monster race, spider crawl, or pumpkin toss.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Rethink the drink.</strong>&nbsp;Don’t forget that cutting back on sugary treats includes soda and sugar-sweetened beverages. Offer water, unsweetened tea, 100% juice, or fat-free/low-fat milk instead.&nbsp;Make a Halloween-themed punch from sparkling water and a splash of 100% orange juice, garnished with plenty of orange slices and black grapes or blackberries.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Stay-At-Home Crew</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>No self-service.</strong>&nbsp;Hand out treats to each trick-or-treater – one per child – instead of letting them decide how much to take. If you have more than one item, ask them to choose which they prefer. This can help you get control of your Halloween budget, too!<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Avoid the whole mess.</strong>&nbsp;Want to avoid candy altogether, not to mention masses of kids at your door? Dress your family up in costumes and go see a movie or deliver healthy Halloween treats to your local police or fire station, nursing home, or children’s hospital.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Be&nbsp;<em>that</em>&nbsp;house.&nbsp;</strong>You don’t have to pass out candy on Halloween. Start a new tradition and give out healthier treats or non-edible items. Don’t worry, we’re not talking about toothbrushes! Get creative, and keep it colorful and kid-friendly. Here are some ideas.<br><br><strong>Healthier Treats:</strong></li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Clementines, blood oranges, or oranges decorated like Jack-O-Lanterns (with non-toxic ink)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>100% juice boxes or pouches</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Snack-sized packages of pretzels, popcorn, graham crackers, dried fruit or vegetables, trail mix, nuts, or pumpkin seeds</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>100% real fruit strips, ropes or leathers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Squeezable yogurt tubes or pouches</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Single-serving containers of mandarin oranges</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Sugar-free gum<br><strong><br>Non-edible items:</strong></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Glow sticks or small glow-in-the-dark toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bouncy balls</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mini plush toys and wind-up toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Crayons and coloring books (or intricate coloring pages for older kids)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Stickers or stamps</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Temporary tattoos</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bubble makers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Spider rings or vampire teeth</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Slime, putty or squishy toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Friendship bracelets</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><em>Be careful to avoid giving very small items that could be a choking hazard to little ones.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">What to Do with Excess Candy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Afraid you’ll be dealing with an excess of Halloween treats until long after Valentine’s Day?&nbsp;<strong>Here are some ideas for enjoying the evening’s haul responsibly and getting rid of leftover candy:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Let each child keep enough candy to have one or two pieces a day for one or two weeks (long enough for the excitement to wane). Throw away, donate or re-purpose the rest.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>When your child asks for a piece of candy, pair it with a healthy snack: an apple, a banana, some nuts, or celery with peanut butter.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>“Buy back” candy from your child with money or tokens they can trade in for a fun activity: a day at the zoo, an afternoon playing at the park, going ice skating, or a day at the pool.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some dentists’ offices have buy-back or trade-in programs, too.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Save it for holiday baking.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Save it to fill the piñata at the next birthday celebration or give out with Valentine cards.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Use it in an arts and crafts project or to decorate a holiday gingerbread house.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Donate excess candy to a homeless shelter, children’s hospital, or care package program for troops overseas. A familiar sweet treat from home can be comforting at the holidays.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Have no fear – you got this! Let’s make Halloween fun, spooky, and a little healthier, too.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.heart.org/en/healthy-living/healthy-eating/eat-smart/nutrition-basics/how-to-have-a-healthy-halloween\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Have a Healthy Halloween','','publish','open','open','','how-to-have-a-healthy-halloween','','','2023-10-01 02:12:56','2023-10-01 02:12:56','',0,'http://smartinsurance.tips/?p=3499',0,'post','',0),(3500,1,'2023-10-01 02:10:23','2023-10-01 02:10:23','','My-project-1-38','','inherit','open','closed','','my-project-1-38-3','','','2023-10-01 02:10:23','2023-10-01 02:10:23','',3499,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-38.png',0,'attachment','image/png',0),(3501,1,'2023-10-01 02:12:56','2023-10-01 02:12:56','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3500,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-38-1024x536.png\" alt=\"\" class=\"wp-image-3500\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Too much Halloween candy got you spooked? Try some of these healthy tips for party snacks and trick-or-treats. Ideas so good, it’s scary!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Curb the Candy Craze</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The kids look adorable in their costumes and are counting down the days until October 31! Are you ready for the sugar rush? With a little creativity, you can find fun ways to include some healthy options in the mix, whether you’re having a party with friends or trick-or-treating in the neighborhood.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Try these tips to make your Halloween festivities a little healthier for your family, party guests and trick-or-treaters.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Trick-or-Treater</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Fill up first. </strong>What kid doesn’t want to eat their favorite candy right when it goes into their trick-or-treat bag? Having a healthy meal BEFORE your kids go trick-or-treating can reduce their temptation to snack while walking or to overindulge, because their tummies will be full.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Bag the monster bag.</strong>&nbsp;Choose or make a smaller collection container for your child and steer clear of the pillow case method. If you encourage kids to only take one piece of candy from each house, they’ll be able to visit more houses in the neighborhood.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Get moving.</strong> Get some exercise by making Halloween a fun family activity. Walk instead of driving kids house to house. Set a goal of how many houses or streets you’ll visit, or compete in teams to do as many as you can. Bring a bottle of water and a flashlight, and wear comfortable shoes for walking.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Look before you eat.</strong>&nbsp;Check expiration dates and inspect all edibles before allowing children to eat them. Don’t let children eat anything with questionable or unknown ingredients, especially if they have food allergies.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Have a plan. </strong>Halloween, and Eat Smart Month in November, can be a great time to talk with kids about moderation and making smart eating choices. Plan in advance how much candy they’ll be allowed to take at each house, keep, and eat. If they’re old enough, let them help decide what to do with excess candy. See our suggestions later on in this article.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Party Host</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Up the fright factor. </strong>Serve healthy snacks dressed up in the Halloween theme. There are lots of creative ideas being shared online at this time of year, like banana ghosts, apple monster mouths, carrot witch fingers, and candy-corn-colored fruit popsicles or parfaits!<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Play with food.&nbsp;</strong>Incorporate healthy foods into party activities, such as decorating oranges like Jack-O-Lanterns and bobbing for apples.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep ’em on their feet.</strong>&nbsp;Include plenty of physical activities, like a zombie dance party, three-legged monster race, spider crawl, or pumpkin toss.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Rethink the drink.</strong>&nbsp;Don’t forget that cutting back on sugary treats includes soda and sugar-sweetened beverages. Offer water, unsweetened tea, 100% juice, or fat-free/low-fat milk instead.&nbsp;Make a Halloween-themed punch from sparkling water and a splash of 100% orange juice, garnished with plenty of orange slices and black grapes or blackberries.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Stay-At-Home Crew</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>No self-service.</strong>&nbsp;Hand out treats to each trick-or-treater – one per child – instead of letting them decide how much to take. If you have more than one item, ask them to choose which they prefer. This can help you get control of your Halloween budget, too!<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Avoid the whole mess.</strong>&nbsp;Want to avoid candy altogether, not to mention masses of kids at your door? Dress your family up in costumes and go see a movie or deliver healthy Halloween treats to your local police or fire station, nursing home, or children’s hospital.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Be&nbsp;<em>that</em>&nbsp;house.&nbsp;</strong>You don’t have to pass out candy on Halloween. Start a new tradition and give out healthier treats or non-edible items. Don’t worry, we’re not talking about toothbrushes! Get creative, and keep it colorful and kid-friendly. Here are some ideas.<br><br><strong>Healthier Treats:</strong></li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Clementines, blood oranges, or oranges decorated like Jack-O-Lanterns (with non-toxic ink)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>100% juice boxes or pouches</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Snack-sized packages of pretzels, popcorn, graham crackers, dried fruit or vegetables, trail mix, nuts, or pumpkin seeds</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>100% real fruit strips, ropes or leathers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Squeezable yogurt tubes or pouches</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Single-serving containers of mandarin oranges</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Sugar-free gum<br><strong><br>Non-edible items:</strong></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Glow sticks or small glow-in-the-dark toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bouncy balls</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mini plush toys and wind-up toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Crayons and coloring books (or intricate coloring pages for older kids)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Stickers or stamps</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Temporary tattoos</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bubble makers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Spider rings or vampire teeth</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Slime, putty or squishy toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Friendship bracelets</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><em>Be careful to avoid giving very small items that could be a choking hazard to little ones.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">What to Do with Excess Candy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Afraid you’ll be dealing with an excess of Halloween treats until long after Valentine’s Day?&nbsp;<strong>Here are some ideas for enjoying the evening’s haul responsibly and getting rid of leftover candy:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Let each child keep enough candy to have one or two pieces a day for one or two weeks (long enough for the excitement to wane). Throw away, donate or re-purpose the rest.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>When your child asks for a piece of candy, pair it with a healthy snack: an apple, a banana, some nuts, or celery with peanut butter.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>“Buy back” candy from your child with money or tokens they can trade in for a fun activity: a day at the zoo, an afternoon playing at the park, going ice skating, or a day at the pool.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some dentists’ offices have buy-back or trade-in programs, too.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Save it for holiday baking.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Save it to fill the piñata at the next birthday celebration or give out with Valentine cards.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Use it in an arts and crafts project or to decorate a holiday gingerbread house.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Donate excess candy to a homeless shelter, children’s hospital, or care package program for troops overseas. A familiar sweet treat from home can be comforting at the holidays.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Have no fear – you got this! Let’s make Halloween fun, spooky, and a little healthier, too.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.heart.org/en/healthy-living/healthy-eating/eat-smart/nutrition-basics/how-to-have-a-healthy-halloween\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Have a Healthy Halloween','','inherit','closed','closed','','3499-revision-v1','','','2023-10-01 02:12:56','2023-10-01 02:12:56','',3499,'http://smartinsurance.tips/?p=3501',0,'revision','',0),