(2973,1,'2023-01-25 21:11:21','2023-01-25 21:11:21','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2972,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/01/My-project-1-48.png\" alt=\"\" class=\"wp-image-2972\"/></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\">After spending hours browsing real estate listings, you think you’ve found the perfect home: It has everything you want at a price you can afford, and – what a treat – it’s a short walk to the riverfront, or the lakefront, or the beach.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But that pleasant surprise becomes a potential liability when you read further: It’s in a high-risk flood area, and your mortgage lender says you’ll have to get flood insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“It’s tough to not want to live where you want to live because of those things that could happen,” says Robert Heck, vice president of mortgage at Morty, an online mortgage broker.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Flood risk is yet another thing for already anxious homebuyers to worry about. There’s the concern that your big new financial investment could be wiped away by an act of nature. Then there’s the cost, added onto your monthly payment, of flood insurance, which can be in the thousands of dollars every year. And all of this is about dealing with some unpredictable future event – one that can affect you even if the flood maps say you shouldn’t worry too much, and for which climate change may dramatically alter the risk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“The most common natural disaster in the United States is flooding, yet most people don’t have [flood insurance] because it’s not required by their loan if they’re not in a high-risk zone,” says Ted Olsen, managing director at Goosehead Insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are some things to keep in mind when that dream house listing you’re looking at comes with a chance of flooding.</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 Should I Know About Flood Risk When Looking At Houses?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you’re buying any home, but especially one near a body of water that might carry additional risk, know the history of that property. Try to get insurance claim information so you know if the property has flooded before, and what happened because of it. You’re buying more than just a house, you’re choosing to live in that area, so you should know what you’re getting into, Heck says. “I would probably try to look back at flood history in the area as well to get a better sense of frequency and understanding of what the fallout was afterward,” he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Buyers should be aware of the risk at the properties they view,  says Melissa McClendon, a Realtor and co-owner of NOLA Home Realty Group in New Orleans. “When my clients are interested in properties, we look at the flood zone first,” she says. In New Orleans, flood risk can significantly affect the price, she says. Areas protected by levees are desirable, while properties in higher risk zones might sit on the market longer or sell for less.</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\">When Does A House Need Flood 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\">FEMA’s flood maps grade areas based on their risk. Areas rated with the letters B, C and X are at reduced risk, and flood insurance is not required. If you buy a home in an area rated with A or V, however, you’ll be required to have flood insurance for most types of mortgages. Note that these zones aren’t “flood risk” and “no flood risk,” Olsen says. “Every home is in a flood zone, there’s just a varying degree of risk in different zones.”</p>\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 flood insurance is mandatory in high-risk areas, there are ways you can mitigate your risk and reduce your cost, Olsen says. When you buy a home, see if the seller has an elevation certificate that identifies how high up the house actually is on the property.&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\">That also means homeowners can lower their insurance costs by making changes, McClendon says. “That may mean raising their home to a height that can help it from flooding over time,” she says. “If they really want the area, really want the home, there may be some things that can be done to lower their risk and lower your flood insurance cost.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you need flood insurance, you can shop around for different carriers. That wasn’t the case before 2012, Olsen says, and coverage through the National Flood Insurance Program is still at a set price and coverage level. Private insurers can offer some different options, however, such as higher coverage limits and combined plans that cover every structure on your property. “Now we have choice and it’s important that consumers reach out to an agent who’s knowledgeable,” Olsen says. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pro Tip: Talk to the home’s seller about their flood insurance, flooding history and other information. You might be able to assume their policy or use an elevation certificate to get a better rate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Plans for high-risk areas can range from $800 or so to upwards of $6,000 per year, depending on the risk, Olsen says. Lower-risk areas might have premiums of a few hundred dollars a year. You can even assume a previous owner’s insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Will Homeowners Insurance Cover Flood Damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In short: No, homeowners insurance won’t protect you in the event of a flood. It may cover damage from water backups, such as if a pipe breaks and fills your basement with water, but not if the water is coming from a nearby lake, river, or ocean, Olsen says. You’ll need flood insurance to protect your investment from natural disasters. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Despite that caveat, Olsen suggests you still get other endorsements for your homeowners policy that cover water damage, including coverage of sump pump failure and backup of sewers and drains. “That’s covered on your home insurance because that’s not a flood,” he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You may be able to get both your homeowners insurance and flood insurance from the same provider, or you may need to buy them separately, Heck says.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Should I Get Flood Insurance Even If It’s Not Required?</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\">Just because you’re in a “low-risk” flood area doesn’t mean there’s no risk. Olsen says about a quarter of claims are from homes in low-risk areas, and those numbers are higher during major natural disasters like Hurricane Harvey, which caused massive flooding around Houston in 2017. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You may want to consider flood insurance even if the risk is relatively low, especially if you’re in an area where the risk of natural disasters such as hurricanes is high. McClendon says she advises buyers to think about getting it regardless of the property’s risk.&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\">“We saw Hurricane Katrina happen. Areas that never flooded, we saw it flood, and it was nine feet underwater,” she says. “Buyers in our area are very, very cautious to get flood insurance even if it’s in an X flood zone.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Experts say climate change is making it more important for homeowners to prepare for the unexpected. Increasingly unpredictable weather patterns mean historical averages aren’t as reliable of a predictor of future events, Olsen says.&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\">“Things are happening in areas they didn’t happen before,” he says. “For that reason it’s important regardless of what you’ve experienced in the past to explore your options with your agent.”</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://time.com/nextadvisor/mortgages/buying-home-in-flood-plain/\">click here.</a></p>\n<!-- /wp:paragraph -->','Unpredictable Weather Can Put Any Home At Risk of Flooding. Here’s How to Protect Your Investment','','inherit','closed','closed','','2971-revision-v1','','','2023-01-25 21:11:21','2023-01-25 21:11:21','',2971,'http://smartinsurance.tips/?p=2973',0,'revision','',0),(2974,1,'2023-01-25 21:16:53','2023-01-25 21:16:53','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2975,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/01/My-project-1-53.png\" alt=\"\" class=\"wp-image-2975\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-1\">A comprehensive glass policy is an insurance policy that covers different kinds of glass (or similar) products that can be broken or damaged. A comprehensive glass policy covers a broader range of manufactured glass products than a standard glass policy, which typically only covers plate glass. It also provides coverage whether the glass was damaged or destroyed accidentally or deliberately.</p>\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\">The policy can cover decorative glass displays and signs as well as windows and doors. Comprehensive auto coverage may include glass.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>A comprehensive glass policy covers a broader range of glass products than a standard policy, which usually covers only plate glass.</li><li>A comprehensive policy provides coverage whether the glass was damaged accidentally or deliberately.</li><li>The policy covers windows, doors, decorative glass displays, and signs.</li><li>While windshield coverage is standard in auto insurance, adding a comprehensive glass policy can save out-of-pocket costs against headlamps and door window glass damage.</li><li>Glass claims generally do not increase your insurance premiums by very much, if at all.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-7\">Understanding Comprehensive Glass Policies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">Homeowners and businesses often underestimate the cost of replacing broken or damaged glass windows and doors. Unlike some types of cosmetic building repairs that can wait until a later time, repairing a window that separates the outside elements from the inside of the building needs quick attention.</p>\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\">Many windows are specially cut and made to fit a specific space and are unlikely to be found at a local store. Some items, like display cases and curved or colored glass, are special-ordered items and require manufacturing time. Any specialization can add to the expense of replacing a broken piece of glass.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">Comprehensive glass policies cover both intentional or accidental damaged or broken glass coverings. For example, a glass door may shatter when a heavy object accidentally bumps it, or a glass display window may break when a robber intentionally smashes to reach the contents inside. Because the policy is all-inclusive, it covers the replacement costs in both instances mentioned. A comprehensive policy will include a variety of glass types, not just the plate glass covered in the typical standard property insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-14\">As with other types of insurance, the policyholder has to identify the different pieces of glass that will have coverage under the policy. The policyholder, for example, may only wish to cover externally facing windows and display cases, but not lamps or glass signs. In some cases, businesses that lease building space may be asked to share the cost of a comprehensive glass policy with the building owner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Most insurance policies do not automatically cover every peril, though comprehensive glass policies come close. They may contain exclusions for specific causes of damage, such as damage deliberately caused by the policyholder.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Tip: If you have a chip or crack on a window or windshield that is smaller than a dollar bill, it could be repairable.</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_1-0-20\">Automobile Comprehensive Glass Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-21\">Most collision coverage insurance policies do not cover any type of glass damage outside of an accident. Comprehensive auto insurance policies, though, do often include coverage for auto windshield glass replacement, even if it was caused by something else (like a falling tree branch).</p>\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_1-0-23\">There may not be a deductible for windshield repair or replacement because insurers see the windshield as necessary for vehicle operation. In certain states, state law will require that glass be covered with zero deductible (e.g., Kentucky and South Carolina, and Florida) or have a zero-deductible glass option (e.g., Connecticut, Arizona, Massachusetts, Minnesota, and New York). Drivers who do not have a comprehensive coverage policy may, however, need to pay a deductible in addition to their premium. Also, in some cases, the glass may be safely repaired, rather than replaced.</p>\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\">Insurance providers see damage to the windshield as typical and therefore anticipated. But the damage to other auto glass may not have the same coverage. Items like headlamps and door window glass and the rear window will probably be subject to the full policy deductible amount. Adding full glass coverage to a comprehensive auto insurance policy will usually avoid the out-of-pocket payment costs in the event of damage.</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_1-0-29\">Example of a Comprehensive Glass 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_1-0-30\">Say that you are driving on the highway and debris from a truck in front of you strikes your windshield, causing a spider crack. While nobody was injured, you want to get your windshield fixed. Many insurance companies now have specific glass-claims departments, so first find out if you have glass coverage in your policy and then call that hotline to report the damage and file a claim. Your insurer will also be able to tell you if they can waive the deductible.</p>\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_1-0-32\">You will then be instructed to take your car to a qualified repair facility. They will then charge your insurance, and you will only be responsible for your deductible (if you have any).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Much Does It Cost to Repair Broken Glass for a Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Replacing a broken window will cost around $350 on average, with most people spending between $200 and $500. For more complicated repairs or custom windows, you can expect to pay as much as $2,000. Labor costs to repair a broken window range between $30 to $50 an hour.</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 Does a Comprehensive Policy Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Comprehensive insurance helps cover damages to a vehicle when you\'re involved in a collision. Comprehensive policies usually cover things like theft, vandalism, wind damage, hail, and animal strikes.</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\">Does Filing a Windshield Claim Increase 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\">Typically, filing a glass claim with an insurer will not result in an increase in your premium. If, however, multiple similar claims are made over a short period of time, your premiums may go up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/c/comprehensive-glass-policy.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is a Comprehensive Glass Policy?','','publish','closed','closed','','what-is-a-comprehensive-glass-policy','','','2023-01-25 21:16:53','2023-01-25 21:16:53','',0,'http://smartinsurance.tips/?p=2974',0,'post','',0),(2975,1,'2023-01-25 21:12:55','2023-01-25 21:12:55','','My-project-1-53','','inherit','closed','closed','','my-project-1-53','','','2023-01-25 21:12:55','2023-01-25 21:12:55','',2974,'http://smartinsurance.tips/wp-content/uploads/2023/01/My-project-1-53.png',0,'attachment','image/png',0),(2976,1,'2023-01-25 21:16:53','2023-01-25 21:16:53','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2975,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/01/My-project-1-53.png\" alt=\"\" class=\"wp-image-2975\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-1\">A comprehensive glass policy is an insurance policy that covers different kinds of glass (or similar) products that can be broken or damaged. A comprehensive glass policy covers a broader range of manufactured glass products than a standard glass policy, which typically only covers plate glass. It also provides coverage whether the glass was damaged or destroyed accidentally or deliberately.</p>\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\">The policy can cover decorative glass displays and signs as well as windows and doors. Comprehensive auto coverage may include glass.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>A comprehensive glass policy covers a broader range of glass products than a standard policy, which usually covers only plate glass.</li><li>A comprehensive policy provides coverage whether the glass was damaged accidentally or deliberately.</li><li>The policy covers windows, doors, decorative glass displays, and signs.</li><li>While windshield coverage is standard in auto insurance, adding a comprehensive glass policy can save out-of-pocket costs against headlamps and door window glass damage.</li><li>Glass claims generally do not increase your insurance premiums by very much, if at all.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-7\">Understanding Comprehensive Glass Policies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">Homeowners and businesses often underestimate the cost of replacing broken or damaged glass windows and doors. Unlike some types of cosmetic building repairs that can wait until a later time, repairing a window that separates the outside elements from the inside of the building needs quick attention.</p>\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\">Many windows are specially cut and made to fit a specific space and are unlikely to be found at a local store. Some items, like display cases and curved or colored glass, are special-ordered items and require manufacturing time. Any specialization can add to the expense of replacing a broken piece of glass.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">Comprehensive glass policies cover both intentional or accidental damaged or broken glass coverings. For example, a glass door may shatter when a heavy object accidentally bumps it, or a glass display window may break when a robber intentionally smashes to reach the contents inside. Because the policy is all-inclusive, it covers the replacement costs in both instances mentioned. A comprehensive policy will include a variety of glass types, not just the plate glass covered in the typical standard property insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-14\">As with other types of insurance, the policyholder has to identify the different pieces of glass that will have coverage under the policy. The policyholder, for example, may only wish to cover externally facing windows and display cases, but not lamps or glass signs. In some cases, businesses that lease building space may be asked to share the cost of a comprehensive glass policy with the building owner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Most insurance policies do not automatically cover every peril, though comprehensive glass policies come close. They may contain exclusions for specific causes of damage, such as damage deliberately caused by the policyholder.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Tip: If you have a chip or crack on a window or windshield that is smaller than a dollar bill, it could be repairable.</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_1-0-20\">Automobile Comprehensive Glass Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-21\">Most collision coverage insurance policies do not cover any type of glass damage outside of an accident. Comprehensive auto insurance policies, though, do often include coverage for auto windshield glass replacement, even if it was caused by something else (like a falling tree branch).</p>\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_1-0-23\">There may not be a deductible for windshield repair or replacement because insurers see the windshield as necessary for vehicle operation. In certain states, state law will require that glass be covered with zero deductible (e.g., Kentucky and South Carolina, and Florida) or have a zero-deductible glass option (e.g., Connecticut, Arizona, Massachusetts, Minnesota, and New York). Drivers who do not have a comprehensive coverage policy may, however, need to pay a deductible in addition to their premium. Also, in some cases, the glass may be safely repaired, rather than replaced.</p>\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\">Insurance providers see damage to the windshield as typical and therefore anticipated. But the damage to other auto glass may not have the same coverage. Items like headlamps and door window glass and the rear window will probably be subject to the full policy deductible amount. Adding full glass coverage to a comprehensive auto insurance policy will usually avoid the out-of-pocket payment costs in the event of damage.</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_1-0-29\">Example of a Comprehensive Glass 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_1-0-30\">Say that you are driving on the highway and debris from a truck in front of you strikes your windshield, causing a spider crack. While nobody was injured, you want to get your windshield fixed. Many insurance companies now have specific glass-claims departments, so first find out if you have glass coverage in your policy and then call that hotline to report the damage and file a claim. Your insurer will also be able to tell you if they can waive the deductible.</p>\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_1-0-32\">You will then be instructed to take your car to a qualified repair facility. They will then charge your insurance, and you will only be responsible for your deductible (if you have any).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Much Does It Cost to Repair Broken Glass for a Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Replacing a broken window will cost around $350 on average, with most people spending between $200 and $500. For more complicated repairs or custom windows, you can expect to pay as much as $2,000. Labor costs to repair a broken window range between $30 to $50 an hour.</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 Does a Comprehensive Policy Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Comprehensive insurance helps cover damages to a vehicle when you\'re involved in a collision. Comprehensive policies usually cover things like theft, vandalism, wind damage, hail, and animal strikes.</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\">Does Filing a Windshield Claim Increase 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\">Typically, filing a glass claim with an insurer will not result in an increase in your premium. If, however, multiple similar claims are made over a short period of time, your premiums may go up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/c/comprehensive-glass-policy.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is a Comprehensive Glass Policy?','','inherit','closed','closed','','2974-revision-v1','','','2023-01-25 21:16:53','2023-01-25 21:16:53','',2974,'http://smartinsurance.tips/?p=2976',0,'revision','',0);
INSERT INTO `smart_posts` VALUES (2977,1,'2023-01-25 21:23:55','2023-01-25 21:23:55','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">What You Need To Know About Collectibles Insurance:</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\":2978,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/01/My-project-1-54.png\" alt=\"\" class=\"wp-image-2978\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Collectibles insurance covers items that make life more enjoyable and interesting, like fine art, musical instruments, sports memorabilia, and wine collections.</p>\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_1-0-2\">Artist websites and online auctions and marketplaces have made it easier to explore collecting as a hobby or investment. If you have a growing collection of treasured items, chances are your homeowners or renters insurance policy doesn’t provide the protection you need. Collectibles insurance provides broader protections and places a higher value on collections—and it may cost less than you expect.</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_1-0-4\">Definition and Examples of Collectibles 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_1-0-5\">A standard home insurance policy includes personal property coverage, which covers a wide range of items, including clothing, electronics, and furniture, in case they are destroyed by a covered loss such as a fire. Typically, the amount of personal property coverage you get is a percentage of your dwelling coverage (usually 50% to 70%). If your policy has $200,000 in dwelling protection, it will generally include $100,000 to $140,000 in personal property coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">But most insurers limit the amount of money they’ll pay to repair or replace certain types of personal property. For instance, the provider may only pay up to $1,500 for stolen jewelry or $2,500 for silverware or firearms. The value of collections such as fine art, model trains, stamps, and wine often exceeds the limits of a standard home insurance policy. So how can you cover your valuable collection? There are a couple of ways.</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_1-0-9\"><strong>Scheduled Property 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\" id=\"mntl-sc-block_1-0-10\">Scheduled property coverage is an add-on to your policy that allows you to increase the amount of coverage for a specific item, like a collectible comic book. To add scheduled property coverage, you may have to provide documents such as an appraisal, photos, and proof of ownership such as a receipt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">Protecting your collectibles with a scheduled property rider will increase your insurance premium, but the broader protection may be worth it. For example, if you lose a collectible coin while traveling to a trade show, your standard home insurance policy won’t cover it, but scheduled property coverage will. Many large carriers—including Allstate, American Family, and Grange—offer scheduled property coverage.</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_1-0-14\"><strong>Stand-Alone Collectibles 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_1-0-15\">You can also opt for a separate collectibles insurance policy. Collectibles insurance is designed to protect your treasures and can provide broader coverage than a scheduled property rider. You can buy collectibles insurance for almost any type of collection, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-17\" class=\"has-black-color has-text-color has-large-font-size\"><li>Antique rugs and tapestries</li><li>Books and maps</li><li>Collectible stamps</li><li>Comic books</li><li>Dolls</li><li>Fine art</li><li>Firearms</li><li>Jewelry</li><li>Model trains</li><li>Musical instruments</li><li>Pottery</li><li>Rocks and minerals</li><li>Sports memorabilia</li><li>Toys</li><li>Vintage cameras</li><li>Wine</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_1-0-19\">How Collectibles Insurance Works?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">Collectibles insurance offers benefits that most standard home insurance policies and scheduled property endorsements can’t match.</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>Agreed Value</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\">Some carriers that sell collectibles insurance offer agreed-value coverage, which is different from the cash-value standard that most standard homeowners policies use for damaged or destroyed personal property. Agreed-value coverage pays a set amount you and the insurer agree upon when you purchase a policy. The agreed value is determined based on the condition of the items, their special features, the rarity of the collection, and industry guidelines.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Note: Because you’re insuring a collectible that, in theory, will increase in value over time, most insurers don’t decrease your agreed-value payout based on depreciation.</p>\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\">If your insured collectible is destroyed by a covered event, the provider pays the agreed-upon value. For instance, if you buy a collectibles policy for a train set with an agreed value of $50,000, the insurance company will pay you $50,000, minus the deductible, if the set is ruined by a fire.</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>Automatic Coverage for New Collectibles</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\">Some collectibles insurance policies feature automatic coverage for pieces you add to your collection. For example, if you purchase a new painting for $900, your policy will cover it starting the moment you make the transaction. Typically, insurers set limits on automatic coverage. For example, your policy may only automatically cover up to $2,000 in new acquisitions.</p>\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\">Automatic coverage from traditional insurers usually ends 30-90 days after you buy the item, so make sure to officially add it to your policy within that time frame. However, insurers that specialize in collectibles insurance may not have a coverage time limit for items automatically added to your policy. Make sure you know the terms of your coverage before adding to your collection.</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_1-0-33\"><strong>Broader 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\" id=\"mntl-sc-block_1-0-34\">Collectibles insurance policies typically provide broader coverage than home insurance personal-property coverage. For instance, a collectibles policy may pay for lost items and cover losses caused by floods and natural disasters. Some collectibles policies also cover items that are damaged or lost in transit, which is a valuable feature when you travel to trade shows or buy new items online. Some insurers also offer optional coverage that protects collectible items housed in a public storage facility.</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_1-0-36\"><strong>Claims Process</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_1-0-37\">Typically, the collectibles insurance claims process is the same as the process of filing a home insurance claim, but it can vary by company. Some providers require you to call your agent or a claims hotline, while others offer online claims filing. When filing a claim, you’ll usually need to provide details about the damaged property, such as when and where the loss occurred, how it happened, and which pieces in your collection were affected. The insurer will also likely ask you to submit photos of the damaged items.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Note: Before purchasing a policy, it’s a good idea to thoroughly document every piece in your collection by filing paper and digital copies of purchase receipts and taking photos and videos.</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_1-0-40\">How Much Is Collectibles 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_1-0-41\">Collectibles insurance is relatively inexpensive, but the annual premium can depend on the type of collectibles you insure. We requested quotes from three popular collectibles insurance companies for three different collections and received a range of rates for annual premiums that provided $20,000 of coverage and a $500 deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td></td><td><strong>Comic Book Collection</strong></td><td><strong>Vintage Camera Collection</strong></td><td><strong>Pottery Collection</strong></td></tr><tr><td><strong>American Collectors Insurance</strong></td><td>$106</td><td>$144</td><td>$172</td></tr><tr><td><strong>Collectibles Insurance Services</strong></td><td>$86.24</td><td>$141.67</td><td>$141.67</td></tr><tr><td><strong>MiniCo</strong></td><td>$150</td><td>$150</td><td>$150</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-45\"><strong>Factors That Influence Premiums</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_1-0-46\">Certain aspects of your home, your financial history, and the way you store your collection may impact how much you pay for collectibles insurance. The following storage questions are part of MiniCo’s insurance application:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-48\" class=\"has-black-color has-text-color has-large-font-size\"><li>Are your collectibles stored in a basement?</li><li>Is the home where your collectibles are stored equipped with deadbolt locks and monitored burglar and fire alarm systems that report to a central station?</li><li>Are your collectibles stored in a home that’s located more than 1,000 feet from a fire hydrant?</li><li>What is your home’s age and type of construction?</li><li>Are your collectibles kept in an area deemed a flood zone by the National Flood Insurance Program?</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-50\">Many collectibles insurance companies offer $0 deductible policies, so raising your deductible to an affordable level can reduce your premium. You may pay more for collectibles insurance if you’ve filed a collectibles or homeowners insurance claim, or filed for bankruptcy, in the last five years.</p>\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_1-0-52\">If you already have a condo, home, or renters insurance policy, speak with your agent about adding collectibles insurance to your coverage. Some insurers offer collectibles insurance add-ons or have partnerships with leading collectibles insurance companies. If you can add collectibles coverage to your existing policy, you may get a better rate.</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\">Do I Need Collectibles 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_1-0-55\">If you own a collection with a value that exceeds your homeowners personal-property limits, you probably need collectibles insurance. Even if your collectibles don’t exceed coverage limits, most standard home insurance policies only pay actual cash value for damaged property, not the collector’s value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-57\">Also, collectibles insurance usually offers broader protection than most standard homeowners policies.</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_1-0-2\"><strong>Key Takeaways</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Home insurance policies limit the amount paid for certain types of personal property, including some collectibles.</li><li>Many insurers offer scheduled property or collectibles coverage that you can add on to an existing homeowners policy.</li><li>Collectibles insurance provides broader protection for collector’s items damaged by an earthquake or flood, or while in transit.</li><li>Collectibles insurance is relatively inexpensive, but the cost can vary depending on the type of collection.</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.thebalancemoney.com/what-is-collectibles-insurance-5116168\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Collectibles Insurance?','','publish','closed','closed','','what-is-collectibles-insurance','','','2023-01-25 21:23:55','2023-01-25 21:23:55','',0,'http://smartinsurance.tips/?p=2977',0,'post','',0),(2978,1,'2023-01-25 21:18:14','2023-01-25 21:18:14','','My-project-1-54','','inherit','closed','closed','','my-project-1-54','','','2023-01-25 21:18:14','2023-01-25 21:18:14','',2977,'http://smartinsurance.tips/wp-content/uploads/2023/01/My-project-1-54.png',0,'attachment','image/png',0),(2979,1,'2023-01-25 21:23:55','2023-01-25 21:23:55','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">What You Need To Know About Collectibles Insurance:</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\":2978,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/01/My-project-1-54.png\" alt=\"\" class=\"wp-image-2978\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Collectibles insurance covers items that make life more enjoyable and interesting, like fine art, musical instruments, sports memorabilia, and wine collections.</p>\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_1-0-2\">Artist websites and online auctions and marketplaces have made it easier to explore collecting as a hobby or investment. If you have a growing collection of treasured items, chances are your homeowners or renters insurance policy doesn’t provide the protection you need. Collectibles insurance provides broader protections and places a higher value on collections—and it may cost less than you expect.</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_1-0-4\">Definition and Examples of Collectibles 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_1-0-5\">A standard home insurance policy includes personal property coverage, which covers a wide range of items, including clothing, electronics, and furniture, in case they are destroyed by a covered loss such as a fire. Typically, the amount of personal property coverage you get is a percentage of your dwelling coverage (usually 50% to 70%). If your policy has $200,000 in dwelling protection, it will generally include $100,000 to $140,000 in personal property coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">But most insurers limit the amount of money they’ll pay to repair or replace certain types of personal property. For instance, the provider may only pay up to $1,500 for stolen jewelry or $2,500 for silverware or firearms. The value of collections such as fine art, model trains, stamps, and wine often exceeds the limits of a standard home insurance policy. So how can you cover your valuable collection? There are a couple of ways.</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_1-0-9\"><strong>Scheduled Property 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\" id=\"mntl-sc-block_1-0-10\">Scheduled property coverage is an add-on to your policy that allows you to increase the amount of coverage for a specific item, like a collectible comic book. To add scheduled property coverage, you may have to provide documents such as an appraisal, photos, and proof of ownership such as a receipt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">Protecting your collectibles with a scheduled property rider will increase your insurance premium, but the broader protection may be worth it. For example, if you lose a collectible coin while traveling to a trade show, your standard home insurance policy won’t cover it, but scheduled property coverage will. Many large carriers—including Allstate, American Family, and Grange—offer scheduled property coverage.</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_1-0-14\"><strong>Stand-Alone Collectibles 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_1-0-15\">You can also opt for a separate collectibles insurance policy. Collectibles insurance is designed to protect your treasures and can provide broader coverage than a scheduled property rider. You can buy collectibles insurance for almost any type of collection, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-17\" class=\"has-black-color has-text-color has-large-font-size\"><li>Antique rugs and tapestries</li><li>Books and maps</li><li>Collectible stamps</li><li>Comic books</li><li>Dolls</li><li>Fine art</li><li>Firearms</li><li>Jewelry</li><li>Model trains</li><li>Musical instruments</li><li>Pottery</li><li>Rocks and minerals</li><li>Sports memorabilia</li><li>Toys</li><li>Vintage cameras</li><li>Wine</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_1-0-19\">How Collectibles Insurance Works?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">Collectibles insurance offers benefits that most standard home insurance policies and scheduled property endorsements can’t match.</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>Agreed Value</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\">Some carriers that sell collectibles insurance offer agreed-value coverage, which is different from the cash-value standard that most standard homeowners policies use for damaged or destroyed personal property. Agreed-value coverage pays a set amount you and the insurer agree upon when you purchase a policy. The agreed value is determined based on the condition of the items, their special features, the rarity of the collection, and industry guidelines.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Note: Because you’re insuring a collectible that, in theory, will increase in value over time, most insurers don’t decrease your agreed-value payout based on depreciation.</p>\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\">If your insured collectible is destroyed by a covered event, the provider pays the agreed-upon value. For instance, if you buy a collectibles policy for a train set with an agreed value of $50,000, the insurance company will pay you $50,000, minus the deductible, if the set is ruined by a fire.</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>Automatic Coverage for New Collectibles</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\">Some collectibles insurance policies feature automatic coverage for pieces you add to your collection. For example, if you purchase a new painting for $900, your policy will cover it starting the moment you make the transaction. Typically, insurers set limits on automatic coverage. For example, your policy may only automatically cover up to $2,000 in new acquisitions.</p>\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\">Automatic coverage from traditional insurers usually ends 30-90 days after you buy the item, so make sure to officially add it to your policy within that time frame. However, insurers that specialize in collectibles insurance may not have a coverage time limit for items automatically added to your policy. Make sure you know the terms of your coverage before adding to your collection.</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_1-0-33\"><strong>Broader 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\" id=\"mntl-sc-block_1-0-34\">Collectibles insurance policies typically provide broader coverage than home insurance personal-property coverage. For instance, a collectibles policy may pay for lost items and cover losses caused by floods and natural disasters. Some collectibles policies also cover items that are damaged or lost in transit, which is a valuable feature when you travel to trade shows or buy new items online. Some insurers also offer optional coverage that protects collectible items housed in a public storage facility.</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_1-0-36\"><strong>Claims Process</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_1-0-37\">Typically, the collectibles insurance claims process is the same as the process of filing a home insurance claim, but it can vary by company. Some providers require you to call your agent or a claims hotline, while others offer online claims filing. When filing a claim, you’ll usually need to provide details about the damaged property, such as when and where the loss occurred, how it happened, and which pieces in your collection were affected. The insurer will also likely ask you to submit photos of the damaged items.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Note: Before purchasing a policy, it’s a good idea to thoroughly document every piece in your collection by filing paper and digital copies of purchase receipts and taking photos and videos.</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_1-0-40\">How Much Is Collectibles 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_1-0-41\">Collectibles insurance is relatively inexpensive, but the annual premium can depend on the type of collectibles you insure. We requested quotes from three popular collectibles insurance companies for three different collections and received a range of rates for annual premiums that provided $20,000 of coverage and a $500 deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td></td><td><strong>Comic Book Collection</strong></td><td><strong>Vintage Camera Collection</strong></td><td><strong>Pottery Collection</strong></td></tr><tr><td><strong>American Collectors Insurance</strong></td><td>$106</td><td>$144</td><td>$172</td></tr><tr><td><strong>Collectibles Insurance Services</strong></td><td>$86.24</td><td>$141.67</td><td>$141.67</td></tr><tr><td><strong>MiniCo</strong></td><td>$150</td><td>$150</td><td>$150</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-45\"><strong>Factors That Influence Premiums</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_1-0-46\">Certain aspects of your home, your financial history, and the way you store your collection may impact how much you pay for collectibles insurance. The following storage questions are part of MiniCo’s insurance application:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-48\" class=\"has-black-color has-text-color has-large-font-size\"><li>Are your collectibles stored in a basement?</li><li>Is the home where your collectibles are stored equipped with deadbolt locks and monitored burglar and fire alarm systems that report to a central station?</li><li>Are your collectibles stored in a home that’s located more than 1,000 feet from a fire hydrant?</li><li>What is your home’s age and type of construction?</li><li>Are your collectibles kept in an area deemed a flood zone by the National Flood Insurance Program?</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-50\">Many collectibles insurance companies offer $0 deductible policies, so raising your deductible to an affordable level can reduce your premium. You may pay more for collectibles insurance if you’ve filed a collectibles or homeowners insurance claim, or filed for bankruptcy, in the last five years.</p>\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_1-0-52\">If you already have a condo, home, or renters insurance policy, speak with your agent about adding collectibles insurance to your coverage. Some insurers offer collectibles insurance add-ons or have partnerships with leading collectibles insurance companies. If you can add collectibles coverage to your existing policy, you may get a better rate.</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\">Do I Need Collectibles 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_1-0-55\">If you own a collection with a value that exceeds your homeowners personal-property limits, you probably need collectibles insurance. Even if your collectibles don’t exceed coverage limits, most standard home insurance policies only pay actual cash value for damaged property, not the collector’s value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-57\">Also, collectibles insurance usually offers broader protection than most standard homeowners policies.</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_1-0-2\"><strong>Key Takeaways</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Home insurance policies limit the amount paid for certain types of personal property, including some collectibles.</li><li>Many insurers offer scheduled property or collectibles coverage that you can add on to an existing homeowners policy.</li><li>Collectibles insurance provides broader protection for collector’s items damaged by an earthquake or flood, or while in transit.</li><li>Collectibles insurance is relatively inexpensive, but the cost can vary depending on the type of collection.</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.thebalancemoney.com/what-is-collectibles-insurance-5116168\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Collectibles Insurance?','','inherit','closed','closed','','2977-revision-v1','','','2023-01-25 21:23:55','2023-01-25 21:23:55','',2977,'http://smartinsurance.tips/?p=2979',0,'revision','',0),(2982,1,'2023-02-27 00:09:49','2023-02-27 00:09:49','','Money-1','','inherit','closed','closed','','money-1-10','','','2023-02-27 00:09:49','2023-02-27 00:09:49','',2981,'http://smartinsurance.tips/wp-content/uploads/2023/02/Money-1.png',0,'attachment','image/png',0),(2983,1,'2023-02-27 00:16:55','2023-02-27 00:16:55','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2982,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Money-1.png\" alt=\"\" class=\"wp-image-2982\"/></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\">While inflation is at the highest it’s been since the early 1980s, many people — especially those living paycheck to paycheck — may be struggling to save any money at all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Inflation is likely to remain high, with most economists polled in Bankrate’s Second-Quarter Economic Indicator survey predicting inflation will remain as expected or heat up even faster. With consumer prices sky-high, inflation continues to outpace wage growth and savings rates, making it difficult for Americans to find room for saving.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Still, it’s important to save — or avoid spending what savings you have — especially with the potential for a recession. Until the beast of inflation is tamed, there are some strategies you can take to soften its blow on your finances, protect savings and develop better financial health overall.</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\">1. Budget for savings first</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\">Often it can be easy to spend your income and then run out of money for savings before you’ve even realized it. That’s why it’s important to plan ahead and figure out how much you can comfortably save from each paycheck — then put that amount into savings from the outset.</p>\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 put that savings first, you can find a way to live within the bounds you set for yourself,” says Sam Lewis, founder and financial planner at SJL Financial in Wilmington, Delaware.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The amount you should save depends on a couple of variables, including your total income, household size and what savings goals you have. A common budgeting strategy is the 50/30/20 rule — 50 percent of your income goes to needs, 30 percent to wants and 20 percent to savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">However, it may not be realistic for many, especially those living paycheck to paycheck, to stow away 20 percent of their income. What’s important is trying to cut down on expenses and outline a plan to contribute some money at the beginning of the month to a savings account, with the goal of not tapping into that savings for daily spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are various budgeting apps that can help you stay on track with a savings strategy and help save on time, too. Some of these apps even analyze your income and spending to help you determine how much you’re able to save each month.</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\">2. Set spending priorities, focus on paying down debt</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’ve set aside a certain portion of your budget to build a decent savings cushion, consider what might be the best way to allocate spending — looking out for where spending could be trimmed. Being more aware of your spending can help to eliminate impulse purchases.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Become more intentional about the amounts within your spending categories,” Lewis says. “What is the best use of your limited resources?”</p>\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 good strategy is to prioritize paying down credit card debt or other types of consumer debt. If you get out of debt sooner, you can save more in the long run, by limiting the amount of interest accumulated. Plus, in a rising rate environment, what you’re saving on future debt payments could be more than the rate you’d get from a savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“If you have any credit card or other personal debt, you will most likely get a better return by paying down the debt than putting the money in savings,” says Jay Zigmont, PhD, CFP, founder of Childfree Wealth, a financial planning firm based in Water Valley, Mississippi.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For credit card debt, consider moving your balance to a balance transfer credit card, which may come with an introductory period of no interest charges for a year or more.</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\">3. Cut back on energy bills</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\">Two areas facing the highest rates of inflation are food and energy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The high costs of utilities like water and electricity can chip away at potential savings. You can save on energy, especially during the hotter months, with a few simple lifestyle changes. Plus, doing so helps reduce the overall consumption of limited resources and contributes to building a greener nation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The U.S. Department of Energy offers a guide with numerous tips for reducing utility bills. Here are several of those pointers:</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>Save up to 10 percent on heating and cooling by turning the thermostat down seven to 10 degrees Fahrenheit for eight hours a day during the fall and winter, or turning it up during spring and summer.</li><li>If you have access to your water tank, insulating it can save 7 to 16 percent annually in water heating costs.</li><li>Put scraped dishes in the dishwasher instead of hand washing them, and only run the dishwasher when it’s full.</li><li>Cover and wrap foods in the refrigerator to prevent moisture from being released, which can reduce how much energy is needed by the refrigerator’s compressor.</li><li>Use small appliances (such as microwaves and toaster ovens) for small meals, rather than a large stove or oven, which can save on cooling costs during the summer by generating less heat.</li><li>When doing laundry, using warm water instead of hot water can cut the amount of energy used for the load in half.</li><li>Unplug electronics when not in use, or use advanced power strips that prevent the electronics from drawing energy when turned off. Electronics that use up energy when turned off can add 10 percent more to a monthly electric bill.</li><li>Switch to energy-efficient LED lightbulbs; you can save up to $80 in electricity over the course of the lightbulb’s lifetime.</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. Shop for cheaper alternatives</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 high costs, it’s probably apparent that grocery prices have faced some of the biggest price increases. The price of eggs rose by 33.1 percent in June compared to a year ago, with other essentials like butter and milk not far behind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As you shop for groceries or home goods, compare brands and see if there’s a cheaper option. Look for store brand items, which are often significantly cheaper than other brands, and shop for local sellers of produce.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Also consider substituting certain ingredients with other, cheaper alternatives. For example, you could use oil instead of butter for cooking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you get in the habit of comparing prices and choosing cheaper alternatives, “you’re not going to immediately feel the impact, but over time you’ll see it in your savings,” says Lewis of SJL Financial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. Consider a side gig</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The reality is that we can’t completely stop ourselves from making purchases that aren’t totally necessary. But it’s possible to offset these costs by putting in a little extra effort to pay for them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“If you are in a cautionary mode about spending and saving, but you still want something that’s unnecessary — you can do that once you earn enough money from a side gig,” Lewis says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some of the ways you can make some extra cash on your own time 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>House-sitting or babysitting</li><li>Dog-walking</li><li>Filling out paid surveys, such as with Survey Junkie</li><li>Reselling your clothes online, such as with Depop or Poshmark</li><li>Teaching English to children in different countries with programs such as VIPKid (you don’t even need to speak another language)</li><li>Freelance writing</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\">Look for side hustles or gig work that aligns with your interests. Then, you can generate more income while also developing skills in something you’re passionate about.</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\">6. Negotiate for a raise</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’ve been thinking about asking for a raise at work, now is the time to do it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“When inflation is high, and especially when the labor market is friendly to workers, there tend to be more pay increases,” says Zach Teutsch, a financial advisor and founder of Values Added Financial based in Washington. “This might be a great time to ask for a raise, especially if your team has lost another worker recently.”</p>\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 pay increase is a great savings opportunity. You can use the extra cash to pay down debt or contribute to an emergency fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Plus, you can use the opportunity to demonstrate to a supervisor or employer all of your achievements and contributions to the workplace. Doing so can help you make strides toward advancing in your career and realizing broader career goals.</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\">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\">Between highly inflated prices on everyday items like groceries and fears of a recession, it’s easy to feel defeated in today’s economy. But now is a good time to develop financial literacy and look for what opportunities might come about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Certainly, paying down debt is one of the most important things to prioritize with your finances. You can work on paying down debt while committing to putting at least a little bit of money into an emergency savings fund, which can help you stay more financially prepared in the long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can also cushion savings with some extra cash by cutting down on utility bills, picking up a side gig here and there and negotiating for a raise at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/banking/savings/ways-to-protect-your-savings-from-inflation/#raise\">click here.</a></p>\n<!-- /wp:paragraph -->','Consumer prices are soaring. Here are the best ways to protect your savings','','inherit','closed','closed','','2981-revision-v1','','','2023-02-27 00:16:55','2023-02-27 00:16:55','',2981,'http://smartinsurance.tips/?p=2983',0,'revision','',0),(2984,1,'2023-02-27 00:36:01','2023-02-27 00:36:01','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2985,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Money-2.png\" alt=\"\" class=\"wp-image-2985\"/></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 Federal Housing Administration (FHA) Loan?</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 Federal Housing Administration (FHA) loan is a home mortgage that is insured by the government and issued by a bank or other lender that is approved by the agency.</p>\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 rel=\"noreferrer noopener\" href=\"https://www.hud.gov/buying/loans\" target=\"_blank\"></a> FHA loans require a lower minimum down payment than many conventional loans, and applicants may have lower credit scores than is usually required.</p>\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\">The FHA loan is designed to help low- to moderate-income families attain homeownership. They are particularly popular with first-time homebuyers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>FHA loans are mortgages intended for certain borrowers who find it difficult to obtain loans from private lenders.</li><li>The federal government insures FHA loans.</li><li>FHA borrowers tend to be riskier, and so must pay higher interest rates and pay PMI.</li><li>Because they are insured, banks are more willing to loan money to homebuyers with relatively low credit scores and little cash to put down on the purchase.</li><li>First-time homebuyers may find that an FHA loan is the most affordable mortgage option.</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_1-0-8\">How Does an FHA Loan Work?</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_1-0-9\">If you have a credit score of at least 580, you can borrow up to 96.5% of the value of a home with an FHA loan, as of 2022. That means the required down payment is only 3.5%.</p>\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_1-0-11\">If your credit score falls between 500 and 579, you can still get an FHA loan as long as you can make a 10% down payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With FHA loans, the down payment can come from savings, a financial gift from a family member, or a grant for down payment assistance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-17\">The Bank\'s Role in an FHA Loan</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_1-0-18\">The FHA doesn\'t actually lend anyone money for a mortgage. The loan is issued by a bank or other financial institution that is approved by the FHA.</p>\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\">The FHA guarantees the loan. That makes it easier to get bank approval since the bank isn\'t bearing the default risk. Some people refer to it as an FHA-insured loan for that reason.</p>\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_1-0-22\">Borrowers who qualify for an FHA loan are required to purchase mortgage insurance, with the premium payments going to the FHA.</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_1-0-24\">History of the FHA Loan</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_1-0-25\">Congress created the FHA in 1934 during the Great Depression. At that time, the housing industry was in trouble: Default and foreclosure rates had skyrocketed, 50% down payments were commonly required, and the mortgage terms were impossible for ordinary wage earners to meet. As a result, the U.S. was primarily a nation of renters, and only one in 10 households owned their homes.</p>\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\">The government created the FHA to reduce the risk to lenders and make it easier for borrowers to qualify for home loans.</p>\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_1-0-29\">The homeownership rate in the U.S. steadily climbed, reaching an all-time high of 69.2% in 2004, according to research from the Federal Reserve Bank of St. Louis. In the first quarter of 2022, the rate stood at 65.4%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">FAST FACT: <em>Though principally designed for lower-income borrowers, FHA loans are available to everyone, including those who can afford conventional mortgages.</em></p>\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 rel=\"noreferrer noopener\" href=\"https://www.fdic.gov/resources/bankers/affordable-mortgage-lending-center/guide/part-1-docs/203b-mortgage-insurance-program.pdf\" target=\"_blank\"></a><em> In general, borrowers with good credit and strong financials will be better off with a conventional mortgage, while those with poorer credit and more debt can benefit from an FHA loan.</em></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_1-0-33\">Types of FHA Loans</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_1-0-34\">In addition to traditional mortgages, the FHA offers several other home loan types.</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_1-0-36\"><strong>Home Equity Conversion Mortgage (HECM)</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_1-0-37\">This is a reverse mortgage program that helps seniors ages 62 and older convert the equity in their homes to cash while retaining the home\'s title. The homeowner can withdraw the funds in a fixed monthly amount, a line of credit, or a combination of both.</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_1-0-39\"><strong>FHA 203(k) Improvement Loan</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_1-0-40\">This loan factors the cost of certain repairs and renovations into the amount borrowed. It\'s great for those willing to buy a fixer-upper and put some sweat equity into their home.</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_1-0-42\"><strong>FHA Energy Efficient Mortgage</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_1-0-43\">This program is similar to the FHA 203(k) improvement loan program, but it’s focused on upgrades that can lower your utility bills, such as new insulation or solar or wind energy systems.</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_1-0-45\"><strong>Section 245(a) Loan</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_1-0-46\">This program works for borrowers who expect their incomes to increase. The Graduated Payment Mortgage (GPM) starts with lower monthly payments that gradually increase over time. The Growing Equity Mortgage (GEM) has scheduled increases in monthly principal payments. Both promise shorter loan terms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>The 5 Types of FHA Loan</th></tr><tr><th><strong>FHA LOAN TYPE</strong></th><th><strong>WHAT IT IS</strong></th></tr></thead><tbody><tr><td><strong>Traditional Mortgage</strong></td><td>A mortgage that finances a primary residence.</td></tr><tr><td><strong>Home Equity Conversion Mortgage</strong></td><td>A reverse mortgage that allows homeowners ages 62+ to exchange home equity for cash.</td></tr><tr><td><strong>203(k) Mortgage Program</strong></td><td>A mortgage that includes extra funds to cover the cost of repairs, renovations, and home improvements.</td></tr><tr><td><strong>Energy Efficient Mortgage Program</strong></td><td>A mortgage that includes extra funds to pay for energy-efficient home improvements.</td></tr><tr><td><strong>Section 245(a) Loan</strong></td><td>A Graduated Payment Mortgage (GPM) has a low initial monthly payment that increases over time. A Growing Equity Mortgage (GEM) has scheduled increases in monthly principal payments to shorten the loan term.</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\" id=\"mntl-sc-block_1-0-50\">What Are FHA Loan Requirements?</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_1-0-51\">Your lender will evaluate your qualifications for an FHA loan as it would any mortgage applicant, starting with a check to see that you have a valid Social Security number, reside lawfully in the U.S., and are of legal age (according to your state laws).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-53\">FHA loan criteria are less rigid in some ways than a bank\'s loan criteria. However, there are some more stringent requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-55\">Whether or not it\'s an FHA-guaranteed loan, your financial history will be examined when you apply for a mortgage.</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_1-0-57\"><strong>Credit Scores and Down Payments</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_1-0-58\">FHA loans are available to individuals with credit scores as low as 500.3 That is within the \"very bad\" range for a FICO score.</p>\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_1-0-60\">If your credit score is between 500 and 579, you may be able to secure an FHA loan, assuming you can afford a down payment of 10%. Meanwhile, if your credit score is 580 or higher, you can get an FHA loan with a down payment of as little as 3.5%.</p>\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_1-0-62\">By comparison, applicants typically need a credit score of at least 620 in order to qualify for a conventional mortgage. The down payment required by banks varies between 3% and 20%, depending on how eager they are to lend money at the time you apply.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Tip: As a general rule, the lower your credit score and down payment, the higher the interest rate you\'ll pay on your mortgage.</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_1-0-66\"><strong>History of Honoring Debts</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_1-0-67\">A lender will look at your work history for the past two years as well as your payment history for bills such as utility and rent payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-69\">People who fall behind on federal student loan payments or income tax payments will be rejected unless they agree to a satisfactory repayment plan. A history of bankruptcy or foreclosure may prove problematic, 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\" id=\"mntl-sc-block_1-0-71\">Typically, to qualify for an FHA loan—or any type of mortgage—at least two or three years must have passed since the borrower experienced bankruptcy or foreclosure. However, exceptions can be made if the borrower demonstrates having worked to re-establish good credit and get their financial affairs in order.</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_1-0-73\"><strong>Proof of Steady Employment</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_1-0-74\">Mortgages must be repaid, and the FHA-approved lender will want assurances that the applicant can achieve this. The key to determining if the borrower can make good on their commitment is evidence of recent and steady employment.</p>\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_1-0-76\">This can be documented by tax returns and a current year-to-date balance sheet and profit-and-loss statement.</p>\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_1-0-78\">If you\'ve been self-employed for less than two years but more than one year, you may still qualify if you have a solid work and income history in the same or a related occupation for the two years before becoming self-employed.</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_1-0-80\"><strong>Sufficient Income</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_1-0-81\">Your mortgage payment, HOA fees, property taxes, mortgage insurance, and homeowners insurance should be less than 31% of your gross income. Banks call this the front-end ratio.</p>\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_1-0-83\">Meanwhile, your back-end ratio, which consists of your mortgage payment and all other monthly consumer debts, should be less than 43% of your gross income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>FHA Loans vs. Conventional Loans</th></tr><tr><th>&nbsp;</th><th><strong>FHA LOAN</strong></th><th><strong>CONVENTIONAL LOAN</strong></th></tr></thead><tbody><tr><th><strong>Minimum Credit Score</strong></th><td>500</td><td>620</td></tr><tr><th><strong>Down Payment</strong></th><td>3.5% with a credit score of 580+ and 10% for a credit score of 500 to 579</td><td>3% to 20%</td></tr><tr><th><strong>Loan Terms</strong></th><td>15 or 30 years</td><td>10, 15, 20, or 30 years</td></tr><tr><th><strong>Mortgage Insurance</strong></th><td>Upfront MIP + annual MIP for either 11 years or the life of the loan, depending on LTV and length of the loan</td><td>None with a down payment of at least 20% or after the loan is paid down to 78% LTV</td></tr><tr><th><strong>Mortgage Insurance Premiums</strong></th><td>Upfront: 1.75% of the loan + annual: 0.45% to 1.05%</td><td>PMI: 0.5% to 1% of the loan amount per year</td></tr><tr><th><strong>Down Payment Gifts</strong></th><td>100% of the down payment can be a gift</td><td>Only part can be a gift if the down payment is less than 20%</td></tr><tr><th><strong>Down Payment Assistance Programs</strong></th><td>Yes</td><td>No</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-87\">FHA Mortgage Insurance Premiums (MIPs)</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_1-0-88\">An FHA loan requires that you pay two types of mortgage insurance premiums (MIPs)—an upfront MIP and an annual MIP, which is paid monthly. In 2022, the upfront MIP is equal to 1.75% of the base loan 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_1-0-90\">You can either pay the upfront MIP at the time of closing, or it can be rolled into the loan.</p>\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 href=\"https://www.hud.gov/sites/documents/41552HSGH.PDF\" target=\"_blank\" rel=\"noreferrer noopener\"></a>&nbsp;For example, if you’re issued a home loan for $350,000, you’ll pay an upfront MIP of 1.75% x $350,000 = $6,125.</p>\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_1-0-92\">These payments are deposited into an escrow account that the U.S. Treasury Department manages. If you end up defaulting on your loan, the funds will go toward the mortgage repayment.</p>\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_1-0-94\">Despite its name, borrowers make annual MIP payments every month, with the payments ranging from 0.45% to 1.05% of the base loan amount. The payment amounts differ depending on the loan amount, the length of the loan, and the original loan-to-value (LTV) ratio.</p>\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_1-0-96\">Let\'s assume you have an annual MIP of 0.85%. In that case, a $350,000 loan would result in annual MIP payments of 0.85% x $350,000 = $2,975 (or $247.92 monthly). These monthly premiums are paid in addition to the one-time upfront MIP payment. You will make annual MIP payments for either 11 years or the life of the loan, depending on the length of the loan and the LTV.</p>\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_1-0-98\">You may be able to take a tax deduction for the amount you pay in premiums. You have to itemize your deductions—rather than take the standard deduction—in order to do this.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>How Long You Will Pay the Annual Mortgage Insurance Premium (MIP)</th></tr><tr><th><strong>TERM</strong></th><th><strong>LTV%</strong></th><th><strong>HOW LONG YOU PAY THE ANNUAL MIP</strong></th></tr></thead><tbody><tr><td>≤ 15 years</td><td>≤ 78%</td><td>11 years</td></tr><tr><td>≤ 15 years</td><td>78.01% to 90%</td><td>11 years</td></tr><tr><td>≤ 15 years</td><td>&gt; 90%</td><td>Loan term</td></tr><tr><td>&gt; 15 years</td><td>≤ 90%</td><td>11 years</td></tr><tr><td>&gt; 15 years</td><td>&gt; 90%</td><td>Loan term</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-102\">Homes That Qualify for an FHA Loan</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_1-0-103\">Usually, the property financed must be your principal residence and must be owner-occupied. In other words, the FHA loan program is not intended for investment or rental properties.</p>\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_1-0-105\">Detached and semi-detached houses, townhouses, rowhouses, and condominiums within FHA-approved condo projects are all eligible for FHA financing.<a rel=\"noreferrer noopener\" href=\"https://www.fdic.gov/consumers/community/mortgagelending/guide/part-1-docs/203b-mortgage-insurance-program.pdf\" target=\"_blank\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-107\">Also, you need a property appraisal from an FHA-approved appraiser, and the home must meet certain minimum standards. If the home doesn’t meet these standards and the seller won’t agree to the required repairs, you must pay for the repairs at closing. (In this case, the funds are held in escrow until the repairs are made.)</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_1-0-109\">What Are the Federal Housing Administration Loan Limits?</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_1-0-110\">FHA loans have limits on how much you can borrow. These are set by region, with lower-cost areas having a lower limit (referred to as the \"floor\") than the usual FHA loan and high-cost areas having a higher figure (referred to as the \"ceiling\").</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-112\">There are \"special exception\" regions—including Alaska, Hawaii, Guam, and the U.S. Virgin Islands—where very high construction costs make the limits even higher.</p>\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_1-0-114\">Elsewhere, the limit is set at 115% of the median home price for the county, as determined by the U.S. Department of Housing and Urban Development (HUD).</p>\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_1-0-116\">The chart below lists the 2022 loan limits:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>2022 FHA Loan Limits</th></tr><tr><th><strong>PROPERTY TYPE</strong></th><th><strong>LOW-COST AREA \'FLOOR\'</strong></th><th><strong>HIGH-COST AREA \'CEILING\'</strong></th><th><strong>SPECIAL EXCEPTION AREAS</strong></th></tr></thead><tbody><tr><td><strong>One-Unit</strong></td><td>$420,680</td><td>$970,800</td><td>$1,456,200</td></tr><tr><td><strong>Two-Unit</strong></td><td>$538,650</td><td>$1,243,050</td><td>$1,864,575</td></tr><tr><td><strong>Three-Unit</strong></td><td>$651,050</td><td>$1,502,475</td><td>$2,253,700</td></tr><tr><td><strong>Four-Unit</strong></td><td>$809,150</td><td>$1,867,275</td><td>$2,800,900</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\" id=\"mntl-sc-block_1-0-120\">Federal Housing Administration (FHA) Loan Relief</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_1-0-121\">When you get an FHA loan, you may be eligible for loan relief if you’ve experienced a legitimate financial hardship such as a loss of income or an increase in living expenses. The FHA Home Affordable Modification Program (HAMP), for example, can permanently lower your monthly mortgage payment to an affordable level.</p>\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_1-0-123\">To become a full participant in the program, you must successfully complete a trial payment plan in which you make three scheduled payments—on time—at the lower, modified amount.</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_1-0-125\">Advantages and Disadvantages of FHA Loans</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_1-0-126\">FHA loans are often the best source of a mortgage for certain borrowers that are unable to obtain financing through private lenders. Thus, you may qualify for an FHA loan with a lower credit score and/or greater amounts of debt (and higher debt-to-income),</p>\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_1-0-128\">However, because FHA borrowers are often riskier, FHA loans usually come with somewhat higher interest rates and require the purchase of PMI. FHA loans can only be used for your primary residence and come with certain borrowing limits.</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\">Pros and Cons of FHA Loans</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\"><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>Available to borrowers with lower credit scores</li><li>Lower down payments</li><li>Federally-backed</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>Requires purchase of PMI and its ongoing premiums</li><li>Cannot be used for second homes or investment properties</li><li>Higher interest rates</li><li>Not all properties qualify</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Do I Apply for an FHA Loan?</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 apply for an FHA loan directly with the bank or other lender that you choose. Most banks and mortgage lenders are approved for FHA loans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can apply for pre-approval of an FHA loan with the lender you choose. The lender will gather enough financial information to issue (or deny) a pre-approval within a day or so. That will give you an idea of how much you can borrow while not committing yourself to anything.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">All of the above is true for any mortgage application. If you want an FHA loan you should say that upfront.</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 Max Amount You Can Get From an FHA Loan?</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\">That depends on where you live as well as on your ability to repay the loan. The maximum amount you will be able to borrow will be based on your financial circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The maximum amount anyone can borrow from the FHA varies by region.</p>\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 2022, loan limits range from $420,680 for a one-unit property in a lower-cost area to $2,800,900 for a four-unit home in the country\'s most expensive cities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Much Does FHA Mortgage Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">FHA loans include both an upfront premium fee, which can be rolled into the mortgage, and a monthly charge, which is added to your mortgage payment and goes directly to the FHA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>The upfront fee is 1.75% of the loan amount.</li><li>The monthly fee is based on the value of the home.</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 estimate the costs, plug the numbers in an FHA Loan Calculator. For example, it will show that a 30-year FHA loan at an interest rate of 3.955% on a home valued at $250,000 will have a $1,166 monthly loan payment plus a $174 monthly mortgage insurance payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most lenders require that borrowers have mortgage insurance if they\'re putting less than 20% down on the loan. Once the borrower pays off enough of the loan to reach 20% ownership the insurance can be dropped.</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 Get Rid of My FHA Mortgage 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\">FHA mortgage insurance lasts for the life of the loan or for 11 years, depending on the length of the loan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The only way to get rid of that mortgage insurance is to refinance the mortgage with a non-FHA loan. Your FHA loan will then be paid off in full. Assuming you own at least 20% equity in the home, you should no longer be required to have mortgage insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Are the Downsides of FHA Loans?</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\">FHA loans usually feature higher interest rates than conventional mortgages and require borrowers to purchase mortgage insurance. FHA loans are also less flexible and have loan 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\" id=\"mntl-sc-block_1-0-143\">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_1-0-144\">The FHA loan is a path to homeownership for people who the banks would probably otherwise reject. They may have little cash for a down payment or a less-than-stellar credit rating. They might not qualify without that government guarantee that the bank will get its money back.</p>\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_1-0-146\">However, those who can afford a substantial down payment may be better off going with a conventional mortgage. They may be able to avoid the monthly mortgage insurance payment and get a lower interest rate on the loan.</p>\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_1-0-148\">FHA loans were not created to help potential homeowners who are shopping at the higher end of the price spectrum. Rather, the FHA loan program was created to support low- and moderate-income homebuyers, particularly those with limited cash saved for a down payment.</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/fhaloan.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Federal Housing Administration (FHA) Loan: Requirements, Limits, How to Qualify','','publish','closed','closed','','federal-housing-administration-fha-loan-requirements-limits-how-to-qualify','','','2023-02-27 00:36:01','2023-02-27 00:36:01','',0,'http://smartinsurance.tips/?p=2984',0,'post','',0),(2985,1,'2023-02-27 00:18:16','2023-02-27 00:18:16','','Money-2','','inherit','closed','closed','','money-2-11','','','2023-02-27 00:18:16','2023-02-27 00:18:16','',2984,'http://smartinsurance.tips/wp-content/uploads/2023/02/Money-2.png',0,'attachment','image/png',0),(2986,1,'2023-02-27 00:36:01','2023-02-27 00:36:01','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2985,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Money-2.png\" alt=\"\" class=\"wp-image-2985\"/></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 Federal Housing Administration (FHA) Loan?</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 Federal Housing Administration (FHA) loan is a home mortgage that is insured by the government and issued by a bank or other lender that is approved by the agency.</p>\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 rel=\"noreferrer noopener\" href=\"https://www.hud.gov/buying/loans\" target=\"_blank\"></a> FHA loans require a lower minimum down payment than many conventional loans, and applicants may have lower credit scores than is usually required.</p>\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\">The FHA loan is designed to help low- to moderate-income families attain homeownership. They are particularly popular with first-time homebuyers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>FHA loans are mortgages intended for certain borrowers who find it difficult to obtain loans from private lenders.</li><li>The federal government insures FHA loans.</li><li>FHA borrowers tend to be riskier, and so must pay higher interest rates and pay PMI.</li><li>Because they are insured, banks are more willing to loan money to homebuyers with relatively low credit scores and little cash to put down on the purchase.</li><li>First-time homebuyers may find that an FHA loan is the most affordable mortgage option.</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_1-0-8\">How Does an FHA Loan Work?</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_1-0-9\">If you have a credit score of at least 580, you can borrow up to 96.5% of the value of a home with an FHA loan, as of 2022. That means the required down payment is only 3.5%.</p>\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_1-0-11\">If your credit score falls between 500 and 579, you can still get an FHA loan as long as you can make a 10% down payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With FHA loans, the down payment can come from savings, a financial gift from a family member, or a grant for down payment assistance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-17\">The Bank\'s Role in an FHA Loan</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_1-0-18\">The FHA doesn\'t actually lend anyone money for a mortgage. The loan is issued by a bank or other financial institution that is approved by the FHA.</p>\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\">The FHA guarantees the loan. That makes it easier to get bank approval since the bank isn\'t bearing the default risk. Some people refer to it as an FHA-insured loan for that reason.</p>\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_1-0-22\">Borrowers who qualify for an FHA loan are required to purchase mortgage insurance, with the premium payments going to the FHA.</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_1-0-24\">History of the FHA Loan</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_1-0-25\">Congress created the FHA in 1934 during the Great Depression. At that time, the housing industry was in trouble: Default and foreclosure rates had skyrocketed, 50% down payments were commonly required, and the mortgage terms were impossible for ordinary wage earners to meet. As a result, the U.S. was primarily a nation of renters, and only one in 10 households owned their homes.</p>\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\">The government created the FHA to reduce the risk to lenders and make it easier for borrowers to qualify for home loans.</p>\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_1-0-29\">The homeownership rate in the U.S. steadily climbed, reaching an all-time high of 69.2% in 2004, according to research from the Federal Reserve Bank of St. Louis. In the first quarter of 2022, the rate stood at 65.4%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">FAST FACT: <em>Though principally designed for lower-income borrowers, FHA loans are available to everyone, including those who can afford conventional mortgages.</em></p>\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 rel=\"noreferrer noopener\" href=\"https://www.fdic.gov/resources/bankers/affordable-mortgage-lending-center/guide/part-1-docs/203b-mortgage-insurance-program.pdf\" target=\"_blank\"></a><em> In general, borrowers with good credit and strong financials will be better off with a conventional mortgage, while those with poorer credit and more debt can benefit from an FHA loan.</em></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_1-0-33\">Types of FHA Loans</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_1-0-34\">In addition to traditional mortgages, the FHA offers several other home loan types.</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_1-0-36\"><strong>Home Equity Conversion Mortgage (HECM)</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_1-0-37\">This is a reverse mortgage program that helps seniors ages 62 and older convert the equity in their homes to cash while retaining the home\'s title. The homeowner can withdraw the funds in a fixed monthly amount, a line of credit, or a combination of both.</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_1-0-39\"><strong>FHA 203(k) Improvement Loan</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_1-0-40\">This loan factors the cost of certain repairs and renovations into the amount borrowed. It\'s great for those willing to buy a fixer-upper and put some sweat equity into their home.</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_1-0-42\"><strong>FHA Energy Efficient Mortgage</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_1-0-43\">This program is similar to the FHA 203(k) improvement loan program, but it’s focused on upgrades that can lower your utility bills, such as new insulation or solar or wind energy systems.</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_1-0-45\"><strong>Section 245(a) Loan</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_1-0-46\">This program works for borrowers who expect their incomes to increase. The Graduated Payment Mortgage (GPM) starts with lower monthly payments that gradually increase over time. The Growing Equity Mortgage (GEM) has scheduled increases in monthly principal payments. Both promise shorter loan terms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>The 5 Types of FHA Loan</th></tr><tr><th><strong>FHA LOAN TYPE</strong></th><th><strong>WHAT IT IS</strong></th></tr></thead><tbody><tr><td><strong>Traditional Mortgage</strong></td><td>A mortgage that finances a primary residence.</td></tr><tr><td><strong>Home Equity Conversion Mortgage</strong></td><td>A reverse mortgage that allows homeowners ages 62+ to exchange home equity for cash.</td></tr><tr><td><strong>203(k) Mortgage Program</strong></td><td>A mortgage that includes extra funds to cover the cost of repairs, renovations, and home improvements.</td></tr><tr><td><strong>Energy Efficient Mortgage Program</strong></td><td>A mortgage that includes extra funds to pay for energy-efficient home improvements.</td></tr><tr><td><strong>Section 245(a) Loan</strong></td><td>A Graduated Payment Mortgage (GPM) has a low initial monthly payment that increases over time. A Growing Equity Mortgage (GEM) has scheduled increases in monthly principal payments to shorten the loan term.</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\" id=\"mntl-sc-block_1-0-50\">What Are FHA Loan Requirements?</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_1-0-51\">Your lender will evaluate your qualifications for an FHA loan as it would any mortgage applicant, starting with a check to see that you have a valid Social Security number, reside lawfully in the U.S., and are of legal age (according to your state laws).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-53\">FHA loan criteria are less rigid in some ways than a bank\'s loan criteria. However, there are some more stringent requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-55\">Whether or not it\'s an FHA-guaranteed loan, your financial history will be examined when you apply for a mortgage.</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_1-0-57\"><strong>Credit Scores and Down Payments</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_1-0-58\">FHA loans are available to individuals with credit scores as low as 500.3 That is within the \"very bad\" range for a FICO score.</p>\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_1-0-60\">If your credit score is between 500 and 579, you may be able to secure an FHA loan, assuming you can afford a down payment of 10%. Meanwhile, if your credit score is 580 or higher, you can get an FHA loan with a down payment of as little as 3.5%.</p>\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_1-0-62\">By comparison, applicants typically need a credit score of at least 620 in order to qualify for a conventional mortgage. The down payment required by banks varies between 3% and 20%, depending on how eager they are to lend money at the time you apply.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Tip: As a general rule, the lower your credit score and down payment, the higher the interest rate you\'ll pay on your mortgage.</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_1-0-66\"><strong>History of Honoring Debts</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_1-0-67\">A lender will look at your work history for the past two years as well as your payment history for bills such as utility and rent payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-69\">People who fall behind on federal student loan payments or income tax payments will be rejected unless they agree to a satisfactory repayment plan. A history of bankruptcy or foreclosure may prove problematic, 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\" id=\"mntl-sc-block_1-0-71\">Typically, to qualify for an FHA loan—or any type of mortgage—at least two or three years must have passed since the borrower experienced bankruptcy or foreclosure. However, exceptions can be made if the borrower demonstrates having worked to re-establish good credit and get their financial affairs in order.</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_1-0-73\"><strong>Proof of Steady Employment</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_1-0-74\">Mortgages must be repaid, and the FHA-approved lender will want assurances that the applicant can achieve this. The key to determining if the borrower can make good on their commitment is evidence of recent and steady employment.</p>\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_1-0-76\">This can be documented by tax returns and a current year-to-date balance sheet and profit-and-loss statement.</p>\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_1-0-78\">If you\'ve been self-employed for less than two years but more than one year, you may still qualify if you have a solid work and income history in the same or a related occupation for the two years before becoming self-employed.</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_1-0-80\"><strong>Sufficient Income</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_1-0-81\">Your mortgage payment, HOA fees, property taxes, mortgage insurance, and homeowners insurance should be less than 31% of your gross income. Banks call this the front-end ratio.</p>\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_1-0-83\">Meanwhile, your back-end ratio, which consists of your mortgage payment and all other monthly consumer debts, should be less than 43% of your gross income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>FHA Loans vs. Conventional Loans</th></tr><tr><th>&nbsp;</th><th><strong>FHA LOAN</strong></th><th><strong>CONVENTIONAL LOAN</strong></th></tr></thead><tbody><tr><th><strong>Minimum Credit Score</strong></th><td>500</td><td>620</td></tr><tr><th><strong>Down Payment</strong></th><td>3.5% with a credit score of 580+ and 10% for a credit score of 500 to 579</td><td>3% to 20%</td></tr><tr><th><strong>Loan Terms</strong></th><td>15 or 30 years</td><td>10, 15, 20, or 30 years</td></tr><tr><th><strong>Mortgage Insurance</strong></th><td>Upfront MIP + annual MIP for either 11 years or the life of the loan, depending on LTV and length of the loan</td><td>None with a down payment of at least 20% or after the loan is paid down to 78% LTV</td></tr><tr><th><strong>Mortgage Insurance Premiums</strong></th><td>Upfront: 1.75% of the loan + annual: 0.45% to 1.05%</td><td>PMI: 0.5% to 1% of the loan amount per year</td></tr><tr><th><strong>Down Payment Gifts</strong></th><td>100% of the down payment can be a gift</td><td>Only part can be a gift if the down payment is less than 20%</td></tr><tr><th><strong>Down Payment Assistance Programs</strong></th><td>Yes</td><td>No</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-87\">FHA Mortgage Insurance Premiums (MIPs)</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_1-0-88\">An FHA loan requires that you pay two types of mortgage insurance premiums (MIPs)—an upfront MIP and an annual MIP, which is paid monthly. In 2022, the upfront MIP is equal to 1.75% of the base loan 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_1-0-90\">You can either pay the upfront MIP at the time of closing, or it can be rolled into the loan.</p>\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 href=\"https://www.hud.gov/sites/documents/41552HSGH.PDF\" target=\"_blank\" rel=\"noreferrer noopener\"></a>&nbsp;For example, if you’re issued a home loan for $350,000, you’ll pay an upfront MIP of 1.75% x $350,000 = $6,125.</p>\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_1-0-92\">These payments are deposited into an escrow account that the U.S. Treasury Department manages. If you end up defaulting on your loan, the funds will go toward the mortgage repayment.</p>\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_1-0-94\">Despite its name, borrowers make annual MIP payments every month, with the payments ranging from 0.45% to 1.05% of the base loan amount. The payment amounts differ depending on the loan amount, the length of the loan, and the original loan-to-value (LTV) ratio.</p>\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_1-0-96\">Let\'s assume you have an annual MIP of 0.85%. In that case, a $350,000 loan would result in annual MIP payments of 0.85% x $350,000 = $2,975 (or $247.92 monthly). These monthly premiums are paid in addition to the one-time upfront MIP payment. You will make annual MIP payments for either 11 years or the life of the loan, depending on the length of the loan and the LTV.</p>\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_1-0-98\">You may be able to take a tax deduction for the amount you pay in premiums. You have to itemize your deductions—rather than take the standard deduction—in order to do this.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>How Long You Will Pay the Annual Mortgage Insurance Premium (MIP)</th></tr><tr><th><strong>TERM</strong></th><th><strong>LTV%</strong></th><th><strong>HOW LONG YOU PAY THE ANNUAL MIP</strong></th></tr></thead><tbody><tr><td>≤ 15 years</td><td>≤ 78%</td><td>11 years</td></tr><tr><td>≤ 15 years</td><td>78.01% to 90%</td><td>11 years</td></tr><tr><td>≤ 15 years</td><td>&gt; 90%</td><td>Loan term</td></tr><tr><td>&gt; 15 years</td><td>≤ 90%</td><td>11 years</td></tr><tr><td>&gt; 15 years</td><td>&gt; 90%</td><td>Loan term</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-102\">Homes That Qualify for an FHA Loan</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_1-0-103\">Usually, the property financed must be your principal residence and must be owner-occupied. In other words, the FHA loan program is not intended for investment or rental properties.</p>\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_1-0-105\">Detached and semi-detached houses, townhouses, rowhouses, and condominiums within FHA-approved condo projects are all eligible for FHA financing.<a rel=\"noreferrer noopener\" href=\"https://www.fdic.gov/consumers/community/mortgagelending/guide/part-1-docs/203b-mortgage-insurance-program.pdf\" target=\"_blank\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-107\">Also, you need a property appraisal from an FHA-approved appraiser, and the home must meet certain minimum standards. If the home doesn’t meet these standards and the seller won’t agree to the required repairs, you must pay for the repairs at closing. (In this case, the funds are held in escrow until the repairs are made.)</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_1-0-109\">What Are the Federal Housing Administration Loan Limits?</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_1-0-110\">FHA loans have limits on how much you can borrow. These are set by region, with lower-cost areas having a lower limit (referred to as the \"floor\") than the usual FHA loan and high-cost areas having a higher figure (referred to as the \"ceiling\").</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-112\">There are \"special exception\" regions—including Alaska, Hawaii, Guam, and the U.S. Virgin Islands—where very high construction costs make the limits even higher.</p>\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_1-0-114\">Elsewhere, the limit is set at 115% of the median home price for the county, as determined by the U.S. Department of Housing and Urban Development (HUD).</p>\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_1-0-116\">The chart below lists the 2022 loan limits:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th>2022 FHA Loan Limits</th></tr><tr><th><strong>PROPERTY TYPE</strong></th><th><strong>LOW-COST AREA \'FLOOR\'</strong></th><th><strong>HIGH-COST AREA \'CEILING\'</strong></th><th><strong>SPECIAL EXCEPTION AREAS</strong></th></tr></thead><tbody><tr><td><strong>One-Unit</strong></td><td>$420,680</td><td>$970,800</td><td>$1,456,200</td></tr><tr><td><strong>Two-Unit</strong></td><td>$538,650</td><td>$1,243,050</td><td>$1,864,575</td></tr><tr><td><strong>Three-Unit</strong></td><td>$651,050</td><td>$1,502,475</td><td>$2,253,700</td></tr><tr><td><strong>Four-Unit</strong></td><td>$809,150</td><td>$1,867,275</td><td>$2,800,900</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\" id=\"mntl-sc-block_1-0-120\">Federal Housing Administration (FHA) Loan Relief</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_1-0-121\">When you get an FHA loan, you may be eligible for loan relief if you’ve experienced a legitimate financial hardship such as a loss of income or an increase in living expenses. The FHA Home Affordable Modification Program (HAMP), for example, can permanently lower your monthly mortgage payment to an affordable level.</p>\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_1-0-123\">To become a full participant in the program, you must successfully complete a trial payment plan in which you make three scheduled payments—on time—at the lower, modified amount.</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_1-0-125\">Advantages and Disadvantages of FHA Loans</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_1-0-126\">FHA loans are often the best source of a mortgage for certain borrowers that are unable to obtain financing through private lenders. Thus, you may qualify for an FHA loan with a lower credit score and/or greater amounts of debt (and higher debt-to-income),</p>\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_1-0-128\">However, because FHA borrowers are often riskier, FHA loans usually come with somewhat higher interest rates and require the purchase of PMI. FHA loans can only be used for your primary residence and come with certain borrowing limits.</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\">Pros and Cons of FHA Loans</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\"><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>Available to borrowers with lower credit scores</li><li>Lower down payments</li><li>Federally-backed</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>Requires purchase of PMI and its ongoing premiums</li><li>Cannot be used for second homes or investment properties</li><li>Higher interest rates</li><li>Not all properties qualify</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Do I Apply for an FHA Loan?</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 apply for an FHA loan directly with the bank or other lender that you choose. Most banks and mortgage lenders are approved for FHA loans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can apply for pre-approval of an FHA loan with the lender you choose. The lender will gather enough financial information to issue (or deny) a pre-approval within a day or so. That will give you an idea of how much you can borrow while not committing yourself to anything.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">All of the above is true for any mortgage application. If you want an FHA loan you should say that upfront.</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 Max Amount You Can Get From an FHA Loan?</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\">That depends on where you live as well as on your ability to repay the loan. The maximum amount you will be able to borrow will be based on your financial circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The maximum amount anyone can borrow from the FHA varies by region.</p>\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 2022, loan limits range from $420,680 for a one-unit property in a lower-cost area to $2,800,900 for a four-unit home in the country\'s most expensive cities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Much Does FHA Mortgage Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">FHA loans include both an upfront premium fee, which can be rolled into the mortgage, and a monthly charge, which is added to your mortgage payment and goes directly to the FHA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>The upfront fee is 1.75% of the loan amount.</li><li>The monthly fee is based on the value of the home.</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 estimate the costs, plug the numbers in an FHA Loan Calculator. For example, it will show that a 30-year FHA loan at an interest rate of 3.955% on a home valued at $250,000 will have a $1,166 monthly loan payment plus a $174 monthly mortgage insurance payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most lenders require that borrowers have mortgage insurance if they\'re putting less than 20% down on the loan. Once the borrower pays off enough of the loan to reach 20% ownership the insurance can be dropped.</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 Get Rid of My FHA Mortgage 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\">FHA mortgage insurance lasts for the life of the loan or for 11 years, depending on the length of the loan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The only way to get rid of that mortgage insurance is to refinance the mortgage with a non-FHA loan. Your FHA loan will then be paid off in full. Assuming you own at least 20% equity in the home, you should no longer be required to have mortgage insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Are the Downsides of FHA Loans?</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\">FHA loans usually feature higher interest rates than conventional mortgages and require borrowers to purchase mortgage insurance. FHA loans are also less flexible and have loan 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\" id=\"mntl-sc-block_1-0-143\">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_1-0-144\">The FHA loan is a path to homeownership for people who the banks would probably otherwise reject. They may have little cash for a down payment or a less-than-stellar credit rating. They might not qualify without that government guarantee that the bank will get its money back.</p>\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_1-0-146\">However, those who can afford a substantial down payment may be better off going with a conventional mortgage. They may be able to avoid the monthly mortgage insurance payment and get a lower interest rate on the loan.</p>\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_1-0-148\">FHA loans were not created to help potential homeowners who are shopping at the higher end of the price spectrum. Rather, the FHA loan program was created to support low- and moderate-income homebuyers, particularly those with limited cash saved for a down payment.</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/fhaloan.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Federal Housing Administration (FHA) Loan: Requirements, Limits, How to Qualify','','inherit','closed','closed','','2984-revision-v1','','','2023-02-27 00:36:01','2023-02-27 00:36:01','',2984,'http://smartinsurance.tips/?p=2986',0,'revision','',0),(2987,1,'2023-02-27 01:00:56','2023-02-27 01:00:56','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2988,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Money-3.png\" alt=\"\" class=\"wp-image-2988\"/></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\">Credit cards can be a useful tool for building credit and covering unforeseen expenses, but they do require that you use your card wisely. Having a strong credit profile is a crucial decision factor used by landlords, utility companies and other financial institutions. A low credit score or high debt can reflect poorly on an applicant, possibly resulting in denial. Additionally, if credit is managed incorrectly, it can cause significant debt, high interest rates and financial burden.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As a first-time credit card holder, it’s important to learn how to manage your spending, what you should consider before applying and what credit card may be the best option 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\">Should You Get a Credit Card?</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\">Getting your first credit card can be exciting as it increases your buying power and gives you the opportunity to start building your credit. Before you apply for a credit card, be sure you understand how credit cards work and how you plan on using credit. These initial steps can help keep you financially successful and avoid overusing your credit.</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\">Why a Credit Card May Be a Good Option for You</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\">Credit cards provide a variety of benefits to cardholders, including securely purchasing everyday or big-ticket items. If you’re on the fence about whether you should or shouldn’t apply for a credit card, below are a few benefits a credit card offers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">1. INCENTIVES AND REWARDS</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are plenty of credit cards that offer extra incentives or rewards for cardholders, such as cash back, points, shopping and student discounts, frequent flyer miles and some even offer airport lounge access or rewards at partner merchants. These types of rewards can help you save in the long run and provide perks based on your preferences and interests.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">2. EASE OF USE AND CONVENIENCE</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most businesses accept credit cards as a form of payment. This means that wherever you are in the world, your credit card is likely to get accepted, especially if it’s from a well-known credit card issuer such as Visa and Mastercard. A credit card also decreases the need to carry cash on you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">3. BUILD YOUR CREDIT</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A credit card is one of the most popular ways to build credit. As a responsible credit card user, you can easily build a positive credit score to open up financial opportunities for you. A good rule of thumb to boost your credit is to spend what you can pay off the next month in full, maintain on-time payments and have a zero balance on your card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">4. KEEP YOUR ACCOUNT SECURE</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In the unfortunate situation your credit card information is stolen or your online identity is compromised and your credit card is used, you can immediately secure your account by filing a fraudulent purchase claim. You must report the card or card number as stolen as soon as possible and work with your credit card company on reversing the charges. Many credit card companies also offer email or text alerts that will contact you when questionable or large purchases are made. This helps ensure that fraudulent purchases are caught as soon as they’re made and your account can be closed or suspended to stop additional fraudulent expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">5. TRACK YOUR SPENDING</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can easily track your credit card spending through your account statement or bank’s online portal or mobile application. By keeping tabs on your spending, you can also ensure you’re staying within your budget and on track to reaching your financial goals. It can also help you course correct if your spending is going over your budgeted limits. Some issuers may even let you generate reports to let you see what categories you spend on the most during a certain period.</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\">Why You Shouldn’t Get a Credit Card</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\">Despite all the benefits a credit card could provide, it’s important to determine if it’s the best choice for your financial circumstances. Getting a credit card may not be the best choice if you’re currently living paycheck-to-paycheck, if you’re a heavy spender, you’re frequently outside of your budget, or if you’re currently working on repaying debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are several factors to help you determine if a credit card is the best option for you 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\">1. ACCRUED INTEREST</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you tend to not be able to pay your balance off in full each month, you may want to opt for a debit card or cash instead. Credit card interest fees can reach staggering heights — with the average standing at 17.13% in 2021.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">2. TESTS YOUR SPENDING SELF-CONTROL</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While having a credit card can help you track your budget, it can also just as easily help you ignore it. It’s easy to forget how small charges can rack up, especially if you’re operating on what is essentially borrowed money. It can also be tempting to use it for large purchases which could lead to long repayment times with accrued interest.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">3. LATE PAYMENT PENALTIES</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you aren’t sure you can make the payments, you may be better off foregoing a credit card until you’re in a better place financially. Credit cards can penalize you with additional interest for late payments, sometimes even going as far as charging the maximum interest rate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">4. VARYING FEES</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s important to read the fine print closely when you get a new credit card. There are plenty of fees connected to your account that you should be aware of, such as your annual fees, annual percentage rate (APR), late payment fees and balance transfer fees. If you don’t familiarize yourself with these potential fees, you may end up with a higher bill than you expected at the end of your billing cycle or see annual fees you may not have budgeted for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">5. IT CAN PUT YOU INTO GREATER DEBT</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re already holding some form of debt, whether it’s through loans, unforeseen expenses or continued catching up from a financial hit, getting a credit card could put you into greater debt if you’re not careful. A MoneyGeek study shows that 18% of Americans find managing credit card debt as their greatest source of finance-related stress. If you feel you aren’t in the best place to handle credit card expenses, you may want to hold off on applying for one.</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\">5 Factors to Consider Before Getting Your First Card</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 a number of factors you should consider prior to applying for your first credit card, such as your spending habits, current credit history and what you can financially take on. After all, the right credit card should help you build your credit profile, not make it more difficult for you to increase your score. Below are five factors to consider when applying for your first card.</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><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/checkList_iwqocr.svg\" alt=\"checkList icon\">Your eligibility - There are a range of credit cards available on the market, but keep in mind that not all cards may be available to you as a first-time cardholder. Some cards have prerequisites including high-income earner status, long-time cardholder, or maintain an excellent credit score.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/coins_udzbpv.svg\" alt=\"coins icon\">Your financial capacity - Consider where you financially stand before applying for a credit card. Are you struggling to pay your bills every month? Are you currently paying down debt? If so, you may want to skip getting a credit card until your finances are more stable.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/financial_planing_go6dwp.svg\" alt=\"financialPlanning icon\">Your financial habits - Even if your financial situation is good, understanding your financial habits can help you determine if a credit card is right for you. If you are an impulsive shopper or you overspend your monthly budget, you may want to consider sticking to your debit card until you’ve strengthened your financial habits and avoided racking up debt.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/cashCard_ck22sx.svg\" alt=\"cashCard icon\">Your needs and alternative options - Ask yourself why you need credit. Do you crave the security of having additional funds available for emergencies? Do you want to make a large purchase? Are you seeking a long-term financing option? If you discover that you’re seeking additional financing for large purchases, you may benefit from a loan and a lower interest rate than a credit card.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/balanceTransfer_evfl14.svg\" alt=\"balanceTransfer icon\">Your current credit history - You may be denied an unsecured credit card if you have little-to-no credit history or less-than-perfect credit. You can obtain a free credit report and review it before you apply. This way, you can dispute any errors and increase your chances of getting approved. If you’re interested in improving your credit history, a secured credit card — a credit card that you add money to and use to build credit — may be a good option to help boost your rating.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How to Pick the Best First Credit Card</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 the vast number of credit card options on the market, choosing the best card for your needs is important. Selecting a card with the right balance of fees and rewards can help ensure you use it for the right reasons and avoid going over your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you’re a student or a young adult getting your first card, to understand how to choose the best credit card, it’s important to learn the different types of cards available.</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\">Credit Card Types</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 a variety of credit cards available on the market that can make the choice difficult, especially for first-time cardholders. Each card type has its own pros and cons that meet different needs, which is why it’s important to identify why you need the credit card in the first place. Learn about the different types of credit cards and what their benefits are below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2989,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/image.png\" alt=\"\" class=\"wp-image-2989\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">How to Choose the Right Credit Card for You</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 right credit card for you will depend on your spending habits and how you intend to use it. For instance, if you’re struggling to pay your bills on a monthly basis, getting a credit card may not be the best idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">However, if you’re in the right place financially, think about how you intend to use your card and what your situation is. Do you just want to build credit? Do you want rewards for spending and can you afford annual fees? If you’re a student, student credit cards may be the best option. Otherwise, think of the other types of cards available to you. This step will help determine what type of card is right for your needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">After determining what type of card you want to opt for, compare different card options from different issuers. Take a look at the interest rate, fees and rewards involved along with the eligibility requirements. For instance, if you want a cash back credit card, take a look at the rewards and think about how often you’ll benefit from them. Comparing different cards ensures you get the most ideal rates and rewards that suit your spending habits.</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\">Qualifying for Your First Credit Card</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\">Getting your first credit card is a big financial decision, and navigating the process of getting one is just as exciting. To make the process as smooth as possible, it’s important to learn what the requirements are beforehand and the steps to applying.</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\">Getting a Credit Card for the First Time</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 apply for your first card, evaluating your options thoroughly is important to avoid getting saddled with a card you can’t handle. Below is a quick guide to applying for a credit card for the first time.</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 list of the basic requirements and prepare what you have.</strong>&nbsp;This usually involves being at least 18 years old, having a Social Security number and providing proof of your income.</li><li><strong>Decide on the type of card you want.</strong>&nbsp;By now, you should have some idea of what type of card you’d like to apply for, whether it’s a basic credit-building card or a rewards card.</li><li><strong>Compare different credit cards.</strong>&nbsp;Once you know what you want to get, search the market for credit cards that meet your needs. This is also a good time to figure out the maximum threshold for interest rates and fees that you can handle.</li><li><strong>Decide on a card and submit the required information.</strong>&nbsp;When you’ve narrowed down your list and are ready to apply, visit the nearest bank branch or submit your requirements online through your desired bank’s respective website.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">What Credit Card Issuers Look For</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\">Before you can get your first credit card, keep in mind that credit card issuers require certain information that determines whether you’ll get approved. Note that the information provided will be considered for all credit card applications.</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><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/graph_chrgkr.svg\" alt=\"graph icon\">Your financial information - This includes your employment status, income and even your bank account information. These are used to figure out the appropriate credit limit for your card.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/checkList_iwqocr.svg\" alt=\"checkList icon\">Your personal details - Some personal information you’ll have to submit include your date of birth, Social Security number, citizenship, address and contact details. You may also be asked for your housing situation, such as if you’re renting, are a homeowner or live with others.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/graphCard_tlntkb.svg\" alt=\"graphCard icon\">Your credit history - This will include any details about any loans you may have. Note that having a limited credit history can affect your chances of credit card approval, as it determines how creditworthy you are.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/creditCard2_k1htfr.svg\" alt=\"creditCard2 icon\">Your credit score - If you already have a credit score, whether it comes from loans or paying your bills on time, your card-issuing bank will ask for it. If you don’t have an established credit score yet, expect your credit card options to be limited as this often carries the most weight in approval decisions.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">What to Do if Your Credit Card Application Is Denied</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’re applying for a credit card for the first time and have limited credit history and no credit score, there is a chance your application may be declined. While this can be disappointing, know that you are free to apply again, but it’s best if you do it after a few months. Learn how to navigate a denied application so you can get approved next time you apply. You may be able to contact the card issuer directly, resolve any issues over the phone and get approved.</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>Find out why - If your application is rejected, the Fair Credit Reporting Act legally requires the card-issuer to detail their decision through an adverse action letter. A few reasons you may be denied could be filling out the application incorrectly, having an insufficient income or having a large amount of debt to pay off. Finding out why you were rejected can help you improve your chances the next time you try to apply.</li><li>Wait before reapplying - Avoid reapplying right away. During the application process, banks make inquiries on your credit report, which can ultimately affect your score. The recommended minimum wait time is at least three months, but you can wait as long as six months or more.</li><li>Request for a free credit report - After your application is denied, you have about 60 days to request a free copy of the credit report that the bank used to make a decision. Review it when you receive it to see if you can dispute any errors you see.</li><li>Aim to improve what’s needed - While waiting to reapply, you should work on improving your financial or credit profile. For instance, if you were denied due to having an issue with your credit score, try to build your credit in other ways, such as becoming an authorized user on a friend’s or family member’s credit card, or applying for a credit-builder loan to help you make regular payments. You can look into a secured credit card to help you pay off your bills on time and spend responsibility before moving on to an unsecured card.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Use Your Credit Card Responsibly</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A credit card can make dealing with finances more rewarding and convenient, but it can be easy to get carried away. Purchases used via credit can stack up quickly, and before you know it, you may accrue more debt than you can handle. This can have long-lasting damage to your credit score and future finances.</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\">Do’s and Don’ts When Using Your Credit Cards</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\">Viewing credit cards as financial tools and learning how to use them responsibly is the key to avoid getting into significant debt. Below are a few basic do’s and don’ts to keep in mind when you finally have your credit card in hand.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2990,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/image-1.png\" alt=\"\" class=\"wp-image-2990\"/></figure>\n<!-- /wp:image -->\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\">Key Terms to Know Before Applying for a Credit Card</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 apply for a credit card, you may encounter a few terms that can be confusing to understand. To choose the best card for you, make sure to understand the key credit card terms prior to research.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2991,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/image-2.png\" alt=\"\" class=\"wp-image-2991\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:image {\"id\":2992,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/image-3.png\" alt=\"\" class=\"wp-image-2992\"/></figure>\n<!-- /wp:image -->\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\">Important Credit Cards Tips You Should Know</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\">Credit cards are a step towards building a better financial future and foundation, but knowing how to use and maintain them is equally important. To maximize the benefits and avoid overspending, keep the following tips in mind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2993,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/image-4.png\" alt=\"\" class=\"wp-image-2993\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">How to Budget With a Credit Card</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\">Budgeting with your credit card is essential to ensure responsible card use and a good credit score. After all, you don’t want to end up with a mountain of debt after getting your first card. Below are a few tips in order to maintain a budget with your credit card.</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>Set an overall limit - You don’t want to end up using most or all of your credit limit, as it’s recommended that you only keep your credit utilization below 30% of your actual limit. Having a limit also ensures that you don’t use your credit card for all your spending.</li><li>Track your spending - Tracking your spending is an essential part of any budget. Fortunately, as most credit cards come with a mobile app or online portal, tracking your expenses has become even easier. This can help you learn your spending habits and decrease unnecessary purchases.</li><li>Avoid carrying a balance - By properly tracking your purchases and staying within your financial means, you can avoid carrying a balance on your credit card.</li><li>Adjust your billing schedule - If you can choose the date of your credit card billing cycle, opt for a date that aligns with your pay period to make your payments easier. This also ensures you pay your bills on time and stay within your spending limits.</li><li>Use your rewards - If your card comes with any offers or rewards for common expenses, make use of them. This way, whatever you save can be put towards any savings, investments or debt.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Expert Insight on Your First Credit Card</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\">Applying for a credit card is an exciting prospect, but is one that needs to be carefully evaluated. MoneyGeek consulted experts within the financial industry for insight on what you need to know about getting your first credit card.</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>What is the best advice to give first-time credit card applicants and holders?</li><li>What are some key reasons that indicate that it’s not the right time to get a credit card?</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Resources for Getting Your First Credit Card</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\">Learning about how credit cards work is crucial to ensure that you use them right. Below are a few resources to help you learn more about getting your first credit card and ensure you’re on the path toward making the right financial choices to avoid debt.</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>Consumer.gov: Learn more about the basics of using credit, what it involves and what to do in this guide by Consumer.gov.</li><li>Consumer Financial Protection Bureau: This worksheet from the CFPB lets you create personal rules to live by when it comes to your credit.</li><li>Federal Student Aid: Geared for college students, this guide by the FSA provides more information on financial literacy and making sound financial decisions regarding a vast number of financial products, such as credit cards.</li><li>Federal Trade Commission: As a first-time credit cardholder it’s important to learn how to settle any credit card debt should it become too large for you to handle. Learn about debt settlement in this guide from the FTC. Using the FTC’s budget sheet can help you get started.</li><li>Junior Achievement: Dedicated to teaching students about workforce readiness and financial literacy through hands-on programs, the JA organization is a great option for students who want to learn more about life after graduation.</li><li>National Endowment for Financial Education: For those who want to receive financial education, NEFE provides programs that can help people take control of their finances regardless of their income level.</li><li>National Foundation for Credit Counseling: The NFCC is a nonprofit network of credit counseling organizations that are dedicated to counseling those who need debt relief. Utilizing the NFCC’s credit card payment calculator can help you determine how much you’d pay in interest and how you can plan to pay off debt.</li><li>Financial Counseling Association of America: The FCAA is a nonprofit organization represented by financial counseling companies. It offers people a range of counseling, such as credit, housing, student loan and bankruptcy. FCAA members also provide assistance and support for debt management and financial education.</li><li>Society for Financial Education &amp; Professional Development: The SFEPD provides financial education and professional development seminars and workshops for college students and for those in the workforce.</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.moneygeek.com/credit-cards/resources/guide-to-your-first-credit-card/\">click here.</a></p>\n<!-- /wp:paragraph -->','A Guide to Your First Credit Card','','publish','closed','closed','','a-guide-to-your-first-credit-card','','','2023-02-27 01:00:56','2023-02-27 01:00:56','',0,'http://smartinsurance.tips/?p=2987',0,'post','',0),(2988,1,'2023-02-27 00:37:02','2023-02-27 00:37:02','','Money-3','','inherit','closed','closed','','money-3-8','','','2023-02-27 00:37:02','2023-02-27 00:37:02','',2987,'http://smartinsurance.tips/wp-content/uploads/2023/02/Money-3.png',0,'attachment','image/png',0),(2989,1,'2023-02-27 00:42:38','2023-02-27 00:42:38','','image','','inherit','closed','closed','','image-8','','','2023-02-27 00:42:38','2023-02-27 00:42:38','',2987,'http://smartinsurance.tips/wp-content/uploads/2023/02/image.png',0,'attachment','image/png',0),(2990,1,'2023-02-27 00:46:51','2023-02-27 00:46:51','','image-1','','inherit','closed','closed','','image-1-4','','','2023-02-27 00:46:51','2023-02-27 00:46:51','',2987,'http://smartinsurance.tips/wp-content/uploads/2023/02/image-1.png',0,'attachment','image/png',0),(2991,1,'2023-02-27 00:47:49','2023-02-27 00:47:49','','image-2','','inherit','closed','closed','','image-2-4','','','2023-02-27 00:47:49','2023-02-27 00:47:49','',2987,'http://smartinsurance.tips/wp-content/uploads/2023/02/image-2.png',0,'attachment','image/png',0),(2992,1,'2023-02-27 00:48:09','2023-02-27 00:48:09','','image-3','','inherit','closed','closed','','image-3-3','','','2023-02-27 00:48:09','2023-02-27 00:48:09','',2987,'http://smartinsurance.tips/wp-content/uploads/2023/02/image-3.png',0,'attachment','image/png',0),(2993,1,'2023-02-27 00:48:55','2023-02-27 00:48:55','','image-4','','inherit','closed','closed','','image-4-3','','','2023-02-27 00:48:55','2023-02-27 00:48:55','',2987,'http://smartinsurance.tips/wp-content/uploads/2023/02/image-4.png',0,'attachment','image/png',0),(2994,1,'2023-02-27 01:00:56','2023-02-27 01:00:56','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2988,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Money-3.png\" alt=\"\" class=\"wp-image-2988\"/></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\">Credit cards can be a useful tool for building credit and covering unforeseen expenses, but they do require that you use your card wisely. Having a strong credit profile is a crucial decision factor used by landlords, utility companies and other financial institutions. A low credit score or high debt can reflect poorly on an applicant, possibly resulting in denial. Additionally, if credit is managed incorrectly, it can cause significant debt, high interest rates and financial burden.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As a first-time credit card holder, it’s important to learn how to manage your spending, what you should consider before applying and what credit card may be the best option 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\">Should You Get a Credit Card?</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\">Getting your first credit card can be exciting as it increases your buying power and gives you the opportunity to start building your credit. Before you apply for a credit card, be sure you understand how credit cards work and how you plan on using credit. These initial steps can help keep you financially successful and avoid overusing your credit.</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\">Why a Credit Card May Be a Good Option for You</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\">Credit cards provide a variety of benefits to cardholders, including securely purchasing everyday or big-ticket items. If you’re on the fence about whether you should or shouldn’t apply for a credit card, below are a few benefits a credit card offers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">1. INCENTIVES AND REWARDS</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are plenty of credit cards that offer extra incentives or rewards for cardholders, such as cash back, points, shopping and student discounts, frequent flyer miles and some even offer airport lounge access or rewards at partner merchants. These types of rewards can help you save in the long run and provide perks based on your preferences and interests.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">2. EASE OF USE AND CONVENIENCE</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most businesses accept credit cards as a form of payment. This means that wherever you are in the world, your credit card is likely to get accepted, especially if it’s from a well-known credit card issuer such as Visa and Mastercard. A credit card also decreases the need to carry cash on you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">3. BUILD YOUR CREDIT</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A credit card is one of the most popular ways to build credit. As a responsible credit card user, you can easily build a positive credit score to open up financial opportunities for you. A good rule of thumb to boost your credit is to spend what you can pay off the next month in full, maintain on-time payments and have a zero balance on your card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">4. KEEP YOUR ACCOUNT SECURE</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In the unfortunate situation your credit card information is stolen or your online identity is compromised and your credit card is used, you can immediately secure your account by filing a fraudulent purchase claim. You must report the card or card number as stolen as soon as possible and work with your credit card company on reversing the charges. Many credit card companies also offer email or text alerts that will contact you when questionable or large purchases are made. This helps ensure that fraudulent purchases are caught as soon as they’re made and your account can be closed or suspended to stop additional fraudulent expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">5. TRACK YOUR SPENDING</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can easily track your credit card spending through your account statement or bank’s online portal or mobile application. By keeping tabs on your spending, you can also ensure you’re staying within your budget and on track to reaching your financial goals. It can also help you course correct if your spending is going over your budgeted limits. Some issuers may even let you generate reports to let you see what categories you spend on the most during a certain period.</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\">Why You Shouldn’t Get a Credit Card</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\">Despite all the benefits a credit card could provide, it’s important to determine if it’s the best choice for your financial circumstances. Getting a credit card may not be the best choice if you’re currently living paycheck-to-paycheck, if you’re a heavy spender, you’re frequently outside of your budget, or if you’re currently working on repaying debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are several factors to help you determine if a credit card is the best option for you 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\">1. ACCRUED INTEREST</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you tend to not be able to pay your balance off in full each month, you may want to opt for a debit card or cash instead. Credit card interest fees can reach staggering heights — with the average standing at 17.13% in 2021.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">2. TESTS YOUR SPENDING SELF-CONTROL</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While having a credit card can help you track your budget, it can also just as easily help you ignore it. It’s easy to forget how small charges can rack up, especially if you’re operating on what is essentially borrowed money. It can also be tempting to use it for large purchases which could lead to long repayment times with accrued interest.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">3. LATE PAYMENT PENALTIES</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you aren’t sure you can make the payments, you may be better off foregoing a credit card until you’re in a better place financially. Credit cards can penalize you with additional interest for late payments, sometimes even going as far as charging the maximum interest rate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">4. VARYING FEES</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s important to read the fine print closely when you get a new credit card. There are plenty of fees connected to your account that you should be aware of, such as your annual fees, annual percentage rate (APR), late payment fees and balance transfer fees. If you don’t familiarize yourself with these potential fees, you may end up with a higher bill than you expected at the end of your billing cycle or see annual fees you may not have budgeted for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">5. IT CAN PUT YOU INTO GREATER DEBT</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re already holding some form of debt, whether it’s through loans, unforeseen expenses or continued catching up from a financial hit, getting a credit card could put you into greater debt if you’re not careful. A MoneyGeek study shows that 18% of Americans find managing credit card debt as their greatest source of finance-related stress. If you feel you aren’t in the best place to handle credit card expenses, you may want to hold off on applying for one.</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\">5 Factors to Consider Before Getting Your First Card</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 a number of factors you should consider prior to applying for your first credit card, such as your spending habits, current credit history and what you can financially take on. After all, the right credit card should help you build your credit profile, not make it more difficult for you to increase your score. Below are five factors to consider when applying for your first card.</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><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/checkList_iwqocr.svg\" alt=\"checkList icon\">Your eligibility - There are a range of credit cards available on the market, but keep in mind that not all cards may be available to you as a first-time cardholder. Some cards have prerequisites including high-income earner status, long-time cardholder, or maintain an excellent credit score.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/coins_udzbpv.svg\" alt=\"coins icon\">Your financial capacity - Consider where you financially stand before applying for a credit card. Are you struggling to pay your bills every month? Are you currently paying down debt? If so, you may want to skip getting a credit card until your finances are more stable.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/financial_planing_go6dwp.svg\" alt=\"financialPlanning icon\">Your financial habits - Even if your financial situation is good, understanding your financial habits can help you determine if a credit card is right for you. If you are an impulsive shopper or you overspend your monthly budget, you may want to consider sticking to your debit card until you’ve strengthened your financial habits and avoided racking up debt.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/cashCard_ck22sx.svg\" alt=\"cashCard icon\">Your needs and alternative options - Ask yourself why you need credit. Do you crave the security of having additional funds available for emergencies? Do you want to make a large purchase? Are you seeking a long-term financing option? If you discover that you’re seeking additional financing for large purchases, you may benefit from a loan and a lower interest rate than a credit card.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/balanceTransfer_evfl14.svg\" alt=\"balanceTransfer icon\">Your current credit history - You may be denied an unsecured credit card if you have little-to-no credit history or less-than-perfect credit. You can obtain a free credit report and review it before you apply. This way, you can dispute any errors and increase your chances of getting approved. If you’re interested in improving your credit history, a secured credit card — a credit card that you add money to and use to build credit — may be a good option to help boost your rating.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How to Pick the Best First Credit Card</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 the vast number of credit card options on the market, choosing the best card for your needs is important. Selecting a card with the right balance of fees and rewards can help ensure you use it for the right reasons and avoid going over your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you’re a student or a young adult getting your first card, to understand how to choose the best credit card, it’s important to learn the different types of cards available.</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\">Credit Card Types</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 a variety of credit cards available on the market that can make the choice difficult, especially for first-time cardholders. Each card type has its own pros and cons that meet different needs, which is why it’s important to identify why you need the credit card in the first place. Learn about the different types of credit cards and what their benefits are below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2989,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/image.png\" alt=\"\" class=\"wp-image-2989\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">How to Choose the Right Credit Card for You</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 right credit card for you will depend on your spending habits and how you intend to use it. For instance, if you’re struggling to pay your bills on a monthly basis, getting a credit card may not be the best idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">However, if you’re in the right place financially, think about how you intend to use your card and what your situation is. Do you just want to build credit? Do you want rewards for spending and can you afford annual fees? If you’re a student, student credit cards may be the best option. Otherwise, think of the other types of cards available to you. This step will help determine what type of card is right for your needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">After determining what type of card you want to opt for, compare different card options from different issuers. Take a look at the interest rate, fees and rewards involved along with the eligibility requirements. For instance, if you want a cash back credit card, take a look at the rewards and think about how often you’ll benefit from them. Comparing different cards ensures you get the most ideal rates and rewards that suit your spending habits.</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\">Qualifying for Your First Credit Card</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\">Getting your first credit card is a big financial decision, and navigating the process of getting one is just as exciting. To make the process as smooth as possible, it’s important to learn what the requirements are beforehand and the steps to applying.</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\">Getting a Credit Card for the First Time</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 apply for your first card, evaluating your options thoroughly is important to avoid getting saddled with a card you can’t handle. Below is a quick guide to applying for a credit card for the first time.</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 list of the basic requirements and prepare what you have.</strong>&nbsp;This usually involves being at least 18 years old, having a Social Security number and providing proof of your income.</li><li><strong>Decide on the type of card you want.</strong>&nbsp;By now, you should have some idea of what type of card you’d like to apply for, whether it’s a basic credit-building card or a rewards card.</li><li><strong>Compare different credit cards.</strong>&nbsp;Once you know what you want to get, search the market for credit cards that meet your needs. This is also a good time to figure out the maximum threshold for interest rates and fees that you can handle.</li><li><strong>Decide on a card and submit the required information.</strong>&nbsp;When you’ve narrowed down your list and are ready to apply, visit the nearest bank branch or submit your requirements online through your desired bank’s respective website.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">What Credit Card Issuers Look For</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\">Before you can get your first credit card, keep in mind that credit card issuers require certain information that determines whether you’ll get approved. Note that the information provided will be considered for all credit card applications.</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><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/graph_chrgkr.svg\" alt=\"graph icon\">Your financial information - This includes your employment status, income and even your bank account information. These are used to figure out the appropriate credit limit for your card.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/checkList_iwqocr.svg\" alt=\"checkList icon\">Your personal details - Some personal information you’ll have to submit include your date of birth, Social Security number, citizenship, address and contact details. You may also be asked for your housing situation, such as if you’re renting, are a homeowner or live with others.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/graphCard_tlntkb.svg\" alt=\"graphCard icon\">Your credit history - This will include any details about any loans you may have. Note that having a limited credit history can affect your chances of credit card approval, as it determines how creditworthy you are.</li><li><img width=\"63px\" height=\"63px\" src=\"https://res.cloudinary.com/moneygeek/image/upload/v1585171420/assets/components/icon/creditCard2_k1htfr.svg\" alt=\"creditCard2 icon\">Your credit score - If you already have a credit score, whether it comes from loans or paying your bills on time, your card-issuing bank will ask for it. If you don’t have an established credit score yet, expect your credit card options to be limited as this often carries the most weight in approval decisions.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">What to Do if Your Credit Card Application Is Denied</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’re applying for a credit card for the first time and have limited credit history and no credit score, there is a chance your application may be declined. While this can be disappointing, know that you are free to apply again, but it’s best if you do it after a few months. Learn how to navigate a denied application so you can get approved next time you apply. You may be able to contact the card issuer directly, resolve any issues over the phone and get approved.</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>Find out why - If your application is rejected, the Fair Credit Reporting Act legally requires the card-issuer to detail their decision through an adverse action letter. A few reasons you may be denied could be filling out the application incorrectly, having an insufficient income or having a large amount of debt to pay off. Finding out why you were rejected can help you improve your chances the next time you try to apply.</li><li>Wait before reapplying - Avoid reapplying right away. During the application process, banks make inquiries on your credit report, which can ultimately affect your score. The recommended minimum wait time is at least three months, but you can wait as long as six months or more.</li><li>Request for a free credit report - After your application is denied, you have about 60 days to request a free copy of the credit report that the bank used to make a decision. Review it when you receive it to see if you can dispute any errors you see.</li><li>Aim to improve what’s needed - While waiting to reapply, you should work on improving your financial or credit profile. For instance, if you were denied due to having an issue with your credit score, try to build your credit in other ways, such as becoming an authorized user on a friend’s or family member’s credit card, or applying for a credit-builder loan to help you make regular payments. You can look into a secured credit card to help you pay off your bills on time and spend responsibility before moving on to an unsecured card.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Use Your Credit Card Responsibly</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A credit card can make dealing with finances more rewarding and convenient, but it can be easy to get carried away. Purchases used via credit can stack up quickly, and before you know it, you may accrue more debt than you can handle. This can have long-lasting damage to your credit score and future finances.</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\">Do’s and Don’ts When Using Your Credit Cards</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\">Viewing credit cards as financial tools and learning how to use them responsibly is the key to avoid getting into significant debt. Below are a few basic do’s and don’ts to keep in mind when you finally have your credit card in hand.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2990,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/image-1.png\" alt=\"\" class=\"wp-image-2990\"/></figure>\n<!-- /wp:image -->\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\">Key Terms to Know Before Applying for a Credit Card</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 apply for a credit card, you may encounter a few terms that can be confusing to understand. To choose the best card for you, make sure to understand the key credit card terms prior to research.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2991,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/image-2.png\" alt=\"\" class=\"wp-image-2991\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:image {\"id\":2992,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/image-3.png\" alt=\"\" class=\"wp-image-2992\"/></figure>\n<!-- /wp:image -->\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\">Important Credit Cards Tips You Should Know</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\">Credit cards are a step towards building a better financial future and foundation, but knowing how to use and maintain them is equally important. To maximize the benefits and avoid overspending, keep the following tips in mind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2993,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/image-4.png\" alt=\"\" class=\"wp-image-2993\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">How to Budget With a Credit Card</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\">Budgeting with your credit card is essential to ensure responsible card use and a good credit score. After all, you don’t want to end up with a mountain of debt after getting your first card. Below are a few tips in order to maintain a budget with your credit card.</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>Set an overall limit - You don’t want to end up using most or all of your credit limit, as it’s recommended that you only keep your credit utilization below 30% of your actual limit. Having a limit also ensures that you don’t use your credit card for all your spending.</li><li>Track your spending - Tracking your spending is an essential part of any budget. Fortunately, as most credit cards come with a mobile app or online portal, tracking your expenses has become even easier. This can help you learn your spending habits and decrease unnecessary purchases.</li><li>Avoid carrying a balance - By properly tracking your purchases and staying within your financial means, you can avoid carrying a balance on your credit card.</li><li>Adjust your billing schedule - If you can choose the date of your credit card billing cycle, opt for a date that aligns with your pay period to make your payments easier. This also ensures you pay your bills on time and stay within your spending limits.</li><li>Use your rewards - If your card comes with any offers or rewards for common expenses, make use of them. This way, whatever you save can be put towards any savings, investments or debt.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Expert Insight on Your First Credit Card</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\">Applying for a credit card is an exciting prospect, but is one that needs to be carefully evaluated. MoneyGeek consulted experts within the financial industry for insight on what you need to know about getting your first credit card.</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>What is the best advice to give first-time credit card applicants and holders?</li><li>What are some key reasons that indicate that it’s not the right time to get a credit card?</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Resources for Getting Your First Credit Card</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\">Learning about how credit cards work is crucial to ensure that you use them right. Below are a few resources to help you learn more about getting your first credit card and ensure you’re on the path toward making the right financial choices to avoid debt.</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>Consumer.gov: Learn more about the basics of using credit, what it involves and what to do in this guide by Consumer.gov.</li><li>Consumer Financial Protection Bureau: This worksheet from the CFPB lets you create personal rules to live by when it comes to your credit.</li><li>Federal Student Aid: Geared for college students, this guide by the FSA provides more information on financial literacy and making sound financial decisions regarding a vast number of financial products, such as credit cards.</li><li>Federal Trade Commission: As a first-time credit cardholder it’s important to learn how to settle any credit card debt should it become too large for you to handle. Learn about debt settlement in this guide from the FTC. Using the FTC’s budget sheet can help you get started.</li><li>Junior Achievement: Dedicated to teaching students about workforce readiness and financial literacy through hands-on programs, the JA organization is a great option for students who want to learn more about life after graduation.</li><li>National Endowment for Financial Education: For those who want to receive financial education, NEFE provides programs that can help people take control of their finances regardless of their income level.</li><li>National Foundation for Credit Counseling: The NFCC is a nonprofit network of credit counseling organizations that are dedicated to counseling those who need debt relief. Utilizing the NFCC’s credit card payment calculator can help you determine how much you’d pay in interest and how you can plan to pay off debt.</li><li>Financial Counseling Association of America: The FCAA is a nonprofit organization represented by financial counseling companies. It offers people a range of counseling, such as credit, housing, student loan and bankruptcy. FCAA members also provide assistance and support for debt management and financial education.</li><li>Society for Financial Education &amp; Professional Development: The SFEPD provides financial education and professional development seminars and workshops for college students and for those in the workforce.</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.moneygeek.com/credit-cards/resources/guide-to-your-first-credit-card/\">click here.</a></p>\n<!-- /wp:paragraph -->','A Guide to Your First Credit Card','','inherit','closed','closed','','2987-revision-v1','','','2023-02-27 01:00:56','2023-02-27 01:00:56','',2987,'http://smartinsurance.tips/?p=2994',0,'revision','',0),(2995,1,'2023-02-27 01:09:49','2023-02-27 01:09:49','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Life insurance can help you save for retirement—if you buy the right kind.</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\":2996,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Retirement.png\" alt=\"\" class=\"wp-image-2996\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Life insurance agents often promote permanent life insurance that accumulates cash value as a way to save for the future. For retirement planning purposes, however, such policies usually make sense only for individuals with a net worth of at least $12.06 million, the threshold (as of 2022, which increases in 2023 to $12.92 million) at which federal estate taxes kick in after death.</p>\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_1-0-2\">For almost everyone else, the best way to incorporate life insurance into retirement planning is to buy a simple term life policy with an adequate death benefit and invest any other disposable income in tax-advantaged retirement accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>If you need life insurance, a term life policy will give you the most value for your money.</li><li>By buying term rather than permanent insurance, you\'ll have more money to invest for retirement.</li><li>You may also want to create an emergency fund and buy disability insurance to protect your income.</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_1-0-6\">Step 1: Buy Term 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_1-0-7\">Except perhaps for the independently wealthy, anyone who has children or other dependents who rely on their income for support needs life insurance. That\'s also true for so-called \"nonworking\" spouses; stay-at-home parents or homemakers, for example.</p>\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_1-0-9\">“For the working spouse, you want to have enough insurance to cover large debts (such as a mortgage), future obligations that can no longer be funded by the earnings of the deceased (such as costs for college or retirement), and living expenses for the family,\" says Kristi Sullivan, CFP, of Sullivan Financial Planning, in Denver.</p>\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_1-0-11\">\"The nonworking spouse needs to be insured to cover the cost of child care and other household-management work that the surviving breadwinner will now have to pay for,” she adds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-13\">The Basics of Term Life Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-14\">The least expensive type of life insurance, considering not just out-of-pocket costs but also the amount of coverage you get for the money, is term life (sometimes called \"pure life insurance\"). It guarantees payment of a stated death benefit during a specified term—such as 10, 20, or 30 years—but has no cash value component. When the term expires, the policyholder can either renew for another term, convert to permanent coverage, or allow the policy to terminate.</p>\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\">Life insurance prices vary depending on a person\'s age, health, and other factors. For example, a nonsmoking 35-year-old man in good health might be able to get a 20-year term policy with a $1 million death benefit for $1,030 or so per year. If the same man bought a whole life policy, a type of permanent life insurance, the premium might be $13,500 or more annually for the same death benefit<em>.</em></p>\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\">Given these costs, term life insurance can be a useful retirement savings tool in two ways. First, it provides the basic financial protection a family will need if one of the breadwinners dies before accumulating enough savings for the family to live on. Second, the relatively low price frees up more disposable income to use for other purposes.</p>\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\">“Given the lower premiums associated with the policy, investors will have more to invest for retirement, college, or other financial goals,\" says Mark Hebner, founder and president of Index Fund Advisors in Irvine, California, and author of <em>Index Funds: The 12-Step Recovery Program for Active Investors</em>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-22\">Special Considerations</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\">How long a term the policyholder needs depends on how many years into the future others are likely to be dependent on them. When their kids are grown up and financially independent, they may no longer need life insurance or as much of it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">How much life insurance they should buy depends on how much replacement income their family will need and for how many years they will need it. Major debts such as a mortgage and expensive future obligations such as college tuition should also figure into the equation.</p>\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\">Many people get some amount of term life insurance as an employee benefit where they work; however, that isn\'t always sufficient for a family, so the employee might need to supplement it by buying an individual 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\" id=\"mntl-sc-block_1-0-29\">Step 2: Create an Emergency Fund</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_1-0-30\">The first way to put the savings from term life insurance to work is by building an emergency fund equal to three to six months of living expenses. Having an emergency fund to cover any big, unexpected bills that come along can allow you to keep your regular retirement contributions on track.</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_1-0-1\">24% <em>The percentage of Americans who have no savings set aside for emergencies.</em></h3>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-34\">Step 3: Consider Long-Term Disability 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_1-0-35\">Disability insurance can replace lost income if a person is unable to work. As with life insurance, many people may have some disability coverage as an employee benefit, but that isn\'t always adequate. Social Security Disability Insurance (SSDI) is another possibility, although its benefits are modest, and qualifying for it can be difficult.</p>\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\">People can also buy a disability policy from a private insurer. There are several types of disability insurance policies. An own-occupation policy covers someone who can no longer work in their previous field due to a disability, while an any-occupation policy covers someone who can no longer work at all.</p>\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\">If you\'re shopping for disability coverage, look for a guaranteed renewable and non-cancellable policy that ensures that premiums won’t increase and re-qualifying won\'t become an issue. The policy stays active as long as the premiums are paid.</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\">Step 4: Invest the Rest</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\">\"Buy term and invest the rest\" is a famous saying in the world of personal finance, the \"rest\" being the difference between the price of a term life policy and a permanent life one. As noted above, you may want to devote some of that surplus to building an emergency fund and buying disability coverage. But where should you invest the remaining money (and any other disposable income you can spare)?</p>\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\">If retirement is your end goal, a tax-advantaged retirement account, such as a traditional or Roth IRA could be your best bet, assuming you meet the income limits and other requirements. Maxing out on your 401(k) or similar plan at work is another option if you aren\'t already doing so. (If your goal is more immediate than retirement, bear in mind that you usually have to be at least 59½ to take money out of a retirement account without penalties.)</p>\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_1-0-46\">If you don\'t qualify for those kinds of accounts, you can always invest outside of a retirement account, although you won\'t enjoy all of the tax benefits. One low-cost option to consider would be an index fund from a mutual fund company or brokerage firm.</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 a Life Insurance Policy Be Used for Retirement?</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, a life insurance policy can be used for retirement. Life insurance policies that come with a cash-value component allow for the cash-value account to grow over time, which can then be used as a source of income in retirement years.</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 Life Insurance Retirement Plans Work?</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\">Life insurance retirement plans (LIRPs) are paid via premiums from the policyholder to the insurance company. A portion of the premiums is placed into a cash-value account that is invested and grows over time. This cash-value account is then withdrawn as income in retirement years.</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\">Is It Better To Have Life Insurance or a 401(k)?</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\">It is almost always better to have a 401(k) than life insurance. 401(k)s are tax-advantaged accounts, meaning you do not pay taxes on the income until you withdraw them, which is meant to be in your retirement years when you are in a lower tax bracket. 401(k)s have high contribution amounts, and many employers provide matching contributions to employee 401(k) accounts, which is essentially free money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" 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\">People may not think of term life insurance as a way to help meet their retirement-planning goals. Yet for many pre-retirees, term life (along with investing the money it saves you) can be an essential part of an effective strategy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/personal-finance/112614/strategies-use-life-insurance-retirement.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Strategies To Use Life Insurance for Retirement','','publish','closed','closed','','strategies-to-use-life-insurance-for-retirement','','','2023-02-27 01:09:49','2023-02-27 01:09:49','',0,'http://smartinsurance.tips/?p=2995',0,'post','',0),(2996,1,'2023-02-27 01:03:56','2023-02-27 01:03:56','','Retirement','','inherit','closed','closed','','retirement-3','','','2023-02-27 01:03:56','2023-02-27 01:03:56','',2995,'http://smartinsurance.tips/wp-content/uploads/2023/02/Retirement.png',0,'attachment','image/png',0),(2997,1,'2023-02-27 01:09:49','2023-02-27 01:09:49','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Life insurance can help you save for retirement—if you buy the right kind.</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\":2996,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Retirement.png\" alt=\"\" class=\"wp-image-2996\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Life insurance agents often promote permanent life insurance that accumulates cash value as a way to save for the future. For retirement planning purposes, however, such policies usually make sense only for individuals with a net worth of at least $12.06 million, the threshold (as of 2022, which increases in 2023 to $12.92 million) at which federal estate taxes kick in after death.</p>\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_1-0-2\">For almost everyone else, the best way to incorporate life insurance into retirement planning is to buy a simple term life policy with an adequate death benefit and invest any other disposable income in tax-advantaged retirement accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>If you need life insurance, a term life policy will give you the most value for your money.</li><li>By buying term rather than permanent insurance, you\'ll have more money to invest for retirement.</li><li>You may also want to create an emergency fund and buy disability insurance to protect your income.</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_1-0-6\">Step 1: Buy Term 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_1-0-7\">Except perhaps for the independently wealthy, anyone who has children or other dependents who rely on their income for support needs life insurance. That\'s also true for so-called \"nonworking\" spouses; stay-at-home parents or homemakers, for example.</p>\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_1-0-9\">“For the working spouse, you want to have enough insurance to cover large debts (such as a mortgage), future obligations that can no longer be funded by the earnings of the deceased (such as costs for college or retirement), and living expenses for the family,\" says Kristi Sullivan, CFP, of Sullivan Financial Planning, in Denver.</p>\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_1-0-11\">\"The nonworking spouse needs to be insured to cover the cost of child care and other household-management work that the surviving breadwinner will now have to pay for,” she adds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-13\">The Basics of Term Life Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-14\">The least expensive type of life insurance, considering not just out-of-pocket costs but also the amount of coverage you get for the money, is term life (sometimes called \"pure life insurance\"). It guarantees payment of a stated death benefit during a specified term—such as 10, 20, or 30 years—but has no cash value component. When the term expires, the policyholder can either renew for another term, convert to permanent coverage, or allow the policy to terminate.</p>\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\">Life insurance prices vary depending on a person\'s age, health, and other factors. For example, a nonsmoking 35-year-old man in good health might be able to get a 20-year term policy with a $1 million death benefit for $1,030 or so per year. If the same man bought a whole life policy, a type of permanent life insurance, the premium might be $13,500 or more annually for the same death benefit<em>.</em></p>\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\">Given these costs, term life insurance can be a useful retirement savings tool in two ways. First, it provides the basic financial protection a family will need if one of the breadwinners dies before accumulating enough savings for the family to live on. Second, the relatively low price frees up more disposable income to use for other purposes.</p>\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\">“Given the lower premiums associated with the policy, investors will have more to invest for retirement, college, or other financial goals,\" says Mark Hebner, founder and president of Index Fund Advisors in Irvine, California, and author of <em>Index Funds: The 12-Step Recovery Program for Active Investors</em>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-22\">Special Considerations</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\">How long a term the policyholder needs depends on how many years into the future others are likely to be dependent on them. When their kids are grown up and financially independent, they may no longer need life insurance or as much of it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">How much life insurance they should buy depends on how much replacement income their family will need and for how many years they will need it. Major debts such as a mortgage and expensive future obligations such as college tuition should also figure into the equation.</p>\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\">Many people get some amount of term life insurance as an employee benefit where they work; however, that isn\'t always sufficient for a family, so the employee might need to supplement it by buying an individual 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\" id=\"mntl-sc-block_1-0-29\">Step 2: Create an Emergency Fund</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_1-0-30\">The first way to put the savings from term life insurance to work is by building an emergency fund equal to three to six months of living expenses. Having an emergency fund to cover any big, unexpected bills that come along can allow you to keep your regular retirement contributions on track.</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_1-0-1\">24% <em>The percentage of Americans who have no savings set aside for emergencies.</em></h3>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-34\">Step 3: Consider Long-Term Disability 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_1-0-35\">Disability insurance can replace lost income if a person is unable to work. As with life insurance, many people may have some disability coverage as an employee benefit, but that isn\'t always adequate. Social Security Disability Insurance (SSDI) is another possibility, although its benefits are modest, and qualifying for it can be difficult.</p>\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\">People can also buy a disability policy from a private insurer. There are several types of disability insurance policies. An own-occupation policy covers someone who can no longer work in their previous field due to a disability, while an any-occupation policy covers someone who can no longer work at all.</p>\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\">If you\'re shopping for disability coverage, look for a guaranteed renewable and non-cancellable policy that ensures that premiums won’t increase and re-qualifying won\'t become an issue. The policy stays active as long as the premiums are paid.</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\">Step 4: Invest the Rest</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\">\"Buy term and invest the rest\" is a famous saying in the world of personal finance, the \"rest\" being the difference between the price of a term life policy and a permanent life one. As noted above, you may want to devote some of that surplus to building an emergency fund and buying disability coverage. But where should you invest the remaining money (and any other disposable income you can spare)?</p>\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\">If retirement is your end goal, a tax-advantaged retirement account, such as a traditional or Roth IRA could be your best bet, assuming you meet the income limits and other requirements. Maxing out on your 401(k) or similar plan at work is another option if you aren\'t already doing so. (If your goal is more immediate than retirement, bear in mind that you usually have to be at least 59½ to take money out of a retirement account without penalties.)</p>\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_1-0-46\">If you don\'t qualify for those kinds of accounts, you can always invest outside of a retirement account, although you won\'t enjoy all of the tax benefits. One low-cost option to consider would be an index fund from a mutual fund company or brokerage firm.</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 a Life Insurance Policy Be Used for Retirement?</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, a life insurance policy can be used for retirement. Life insurance policies that come with a cash-value component allow for the cash-value account to grow over time, which can then be used as a source of income in retirement years.</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 Life Insurance Retirement Plans Work?</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\">Life insurance retirement plans (LIRPs) are paid via premiums from the policyholder to the insurance company. A portion of the premiums is placed into a cash-value account that is invested and grows over time. This cash-value account is then withdrawn as income in retirement years.</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\">Is It Better To Have Life Insurance or a 401(k)?</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\">It is almost always better to have a 401(k) than life insurance. 401(k)s are tax-advantaged accounts, meaning you do not pay taxes on the income until you withdraw them, which is meant to be in your retirement years when you are in a lower tax bracket. 401(k)s have high contribution amounts, and many employers provide matching contributions to employee 401(k) accounts, which is essentially free money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" 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\">People may not think of term life insurance as a way to help meet their retirement-planning goals. Yet for many pre-retirees, term life (along with investing the money it saves you) can be an essential part of an effective strategy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/articles/personal-finance/112614/strategies-use-life-insurance-retirement.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Strategies To Use Life Insurance for Retirement','','inherit','closed','closed','','2995-revision-v1','','','2023-02-27 01:09:49','2023-02-27 01:09:49','',2995,'http://smartinsurance.tips/?p=2997',0,'revision','',0),(2998,1,'2023-02-27 01:26:31','2023-02-27 01:26:31','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2999,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/House-Improvement.png\" alt=\"\" class=\"wp-image-2999\"/></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\">With so many options to choose from, you may be wondering how to narrow down the giant list of the best exterior paint choices to ensure you’re selecting the best exterior paint for your specific home, location, and needs. We’re here to help you with that step, 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\">Here we provide a few quick tips on things to consider when choosing from the wide range of paint options on the market. You want the best of the best for your exterior paint job—and we’ll help you narrow it down!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">The Best Exterior Paint for Your Outdoor Painting Project</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\">This list includes the highest quality paints, the best exterior paints on a budget, the best eco-friendly paints, the best exterior paints for rainy/humid regions, and the best fade-resistant paints for warmer regions that get a lot of sunlight.</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\">Behr Marquee</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":6409,\"linkDestination\":\"custom\"} -->\n<figure class=\"wp-block-image\"><a href=\"https://homedepot.sjv.io/c/1305991/456723/8154?u=https%3A%2F%2Fwww.homedepot.com%2Fb%2FPaint-Paint-Colors%2FBEHR-MARQUEE%2FExterior-Paint%2FN-5yc1vZcaw8Zc2lZ1z0q3xg&amp;subId3=best-exterior-paint_amcid-IpisPQBJOgqrBll7FNVsg\" target=\"_blank\" rel=\"noreferrer noopener\"><img src=\"https://diypaintingtips.com/wp-content/uploads/2022/04/Behr-Marquee.jpg.webp\" alt=\"Behr Marquee\" class=\"wp-image-6409\" title=\"The Best Exterior Paint in 2023: Our Top 13 Picks 3\"/></a></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\">Behr Marquee is Behr’s premium line of exterior paint while still maintaining Behr’s great pricing and lifetime warranty.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Due to it’s one coat coverage, dirt and rain resistance, fade protection, and amazing adhesion, Marquee is my top pick for exterior paints and the one I use when painting my clients homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your previous exterior paint is in good shape, you can simply power wash your home and apply Marquee, no primer needed.</p>\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 coat coverage works great if you are painting over a similar color, but I still usually go with two in most situations.</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\">Benjamin Moore Regal Select</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":6406,\"linkDestination\":\"custom\"} -->\n<figure class=\"wp-block-image\"><a href=\"https://acehardware.dttq.net/c/1305991/611504/9988?u=https%3A%2F%2Fwww.acehardware.com%2Fdepartments%2Fpaint-and-supplies%2Fexterior-paint%2Fexterior-house-and-trim-paint%2F1907492&amp;subId3=best-exterior-paint_amcid-OJixVzJAPOQr2qEm2QEOQ\" target=\"_blank\" rel=\"noreferrer noopener\"><img src=\"https://diypaintingtips.com/wp-content/uploads/2022/12/BM-Regal-Select.jpg.webp\" alt=\"The Best Exterior Paint in 2023: Our Top 13 Picks 1\" class=\"wp-image-6406\" title=\"The Best Exterior Paint in 2023: Our Top 13 Picks 4\"/></a></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\">Regal Select is Benjamin Moore’s top of the line exterior paint with a price to match.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regal Select is a hybrid type paint meaning it is a 100% acrylic coating with alkyd technology, basically a water based paint with the performance of an oil.</p>\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 comes with a lifetime warranty, great flow and leveling, resists fading, cracking and peeling, and has great adhesion.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I love using Regal Select and think it is completely equal to Behr Marquee, the only difference is that Real Select costs about $20 more per gallon than Marquee.</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\">Behr Ultra</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":6410,\"linkDestination\":\"custom\"} -->\n<figure class=\"wp-block-image\"><a href=\"https://homedepot.sjv.io/c/1305991/456723/8154?u=https%3A%2F%2Fwww.homedepot.com%2Fb%2FPaint-Paint-Colors%2FBEHR-ULTRA%2FExterior-Paint%2FN-5yc1vZcaw8ZpknZ1z0q3xg&amp;subId3=best-exterior-paint_amcid-3YolezBOI2Z6PUmoqYoq6\" target=\"_blank\" rel=\"noreferrer noopener\"><img src=\"https://diypaintingtips.com/wp-content/uploads/2022/12/Behr-Ultra.jpg.webp\" alt=\"The Best Exterior Paint in 2023: Our Top 13 Picks 2\" class=\"wp-image-6410\" title=\"The Best Exterior Paint in 2023: Our Top 13 Picks 5\"/></a></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\">While Behr Marquee is my favorite exterior paint, Behr Ultra is probably the exterior paint I use the most. I have used it on my own home as well as many clients over the years and have never had anything but a great experience.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Behr Ultra comes with a Lifetime Warranty, is great at stain blocking, has excellent hide, and great stain and dirt resistance. Behr Ultra also have the benefit of being a mildew resistant finish.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Behr Ultra comes in roughly $15 less than Marquee, $35 less than BM Regal Select, and about $10 less than Ben.</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\">Benjamin Moore Ben</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":6412,\"linkDestination\":\"custom\"} -->\n<figure class=\"wp-block-image\"><a href=\"https://acehardware.dttq.net/c/1305991/611504/9988?u=https%3A%2F%2Fwww.acehardware.com%2Fdepartments%2Fpaint-and-supplies%2Fspecialty-paints%2Fchalk-paint%2F1410679&amp;subId3=best-exterior-paint_amcid-VpQNlrMMZzAJYoYFAVsZ7\" target=\"_blank\" rel=\"noreferrer noopener\"><img src=\"https://diypaintingtips.com/wp-content/uploads/2022/12/Ben.jpg.webp\" alt=\"The Best Exterior Paint in 2023: Our Top 13 Picks 3\" class=\"wp-image-6412\" title=\"The Best Exterior Paint in 2023: Our Top 13 Picks 6\"/></a></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\">Not to be confused with cheap paint, Ben is Benjamin Moore’s cheaper exterior paint while still being and incredibly high quality and high performing paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ben comes with a 25 year warranty, has excellent adhesion, color retention, flow and leveling.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ben can be exposed to rain in as little as 90-120 minutes after application and applied in temps down to 35 degrees.</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\">Best Exterior Primer</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\">Zinsser Peel Stop Triple Thick</h3>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"align\":\"center\",\"linkDestination\":\"custom\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https://www.amazon.com/dp/B00MSZD48A/?tag=diy-best-exterior-paint-20\" target=\"_blank\" rel=\"noreferrer noopener\"><img src=\"https://m.media-amazon.com/images/I/51GLYdWMzIL._SL500_.jpg\" alt=\"Peel Stop 3X GAL Primer (Pack of 2)\" title=\"The Best Exterior Paint in 2023: Our Top 13 Picks 7\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While most paints these days offer paint and primer in one, sometimes you need a legit primer to ensure a long lasting paint job.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Zinsser Peel Stop Triple Thick is my favorite primer for problem houses with peeling issues.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Peel Stop Triple Thick basically acts like a glue over the surface of your old peeling paint and glues it onto the surface. It goes on clear and is not meant to hide anything, it is purely to prevent future paint peeling.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I cannot over state this, if you have peeling issues on your house, you should absolutely use Peel Stop. It is the best way to prevent future peeling after your new paint job.</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\">The All-Around Best Exterior Paint for DIY Projects</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 following are the highest-quality of the best exterior paints, and as a result, also the most expensive. The quality is worth the price!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">1. Sherwin Williams Duration Exterior Latex</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">This Sherwin Williams paint is at the top of our list of the best exterior paints because it is made with advanced acrylic copolymers that enable it to last longer than just about any other paint. Sherwin Williams Duration Exterior Latex paint is low-VOC, meaning that the fumes are not as bad for you as many other paint fumes. While no fumes are great to breathe in as you work or as the paint dries over the next several days, this one at least is less of a concern.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another reason this paint is at the top of our list of the best exterior paints is that it is self-priming. This means that you’ll only need to apply one coat in most cases, and at maximum, no more than two. Fewer coats of paint and no need to prime will save you time and help you save on the cost of additional paint for additional coats.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The only downside of this paint is that it is more on the expensive side. But it is well worth the cost. Pay a little more upfront for a beautiful paint job that lasts for several years. And this one comes in more than 100 colors, so you’re sure to find something to suit your color preferences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">2. Sherwin Williams SuperPaint Exterior Acrylic Latex</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another high-quality exterior paint is SuperPaint Exterior Acrylic Latex by Sherwin Williams. This paint is one of the best exterior paints because it is formulated with advanced resin technology that helps it adhere more strongly to the base surface, retain it’s color longer, and hide imperfections in the surface more effectively. This Sherwin Williams paint is also available in over 100 colors and is mold- and mildew-resistant.</p>\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 little less pricey than the Duration Exterior Latex, SuperPaint Exterior Acrylic Latex is still one of the best exterior paint choices. You just may need to start with primer and apply an extra coat or two to achieve the same paint quality.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">3. Behr Premium Plus Paint and Primer</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Firstly, paint and primer in one is always nice because it reduces the number of coats you need to add. So there’s time saved right off the bat! Behr Premium Plus Paint and Primer is a 100% acrylic formulation with low VOCs so won’t have to be as concerned about strong fumes as you may need to be with other paints. This paint is made with a long-lasting formulation that resists fading and staining – great qualities for an exterior paint!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Additionally, this paint is available in over 2000 colors. That’s not an accidental extra zero – this paint is available in over two-thousand color variations. Flat, satin, semi-gloss, and high-gloss finishes are also available with this paint in any of those colors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">4. Behr Ultra Paint and Primer</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Behr Ultra Paint and Primer also offers the time savings that come with paint-and-primer combos. But more importantly, it is formulated to not only resist stains but also hide them better. So a stain is less likely to absorb from under your paint job and show through. If your home’s exterior has taken a bit of a beating from weather, pets, and/or kids, this paint will hide all the evidence better than most.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Available in flat, satin, and semi-gloss finishes, there are also a lot of colors to choose from for this one. And it’s formulated for cold application, so you can paint with it in temperatures as low as 35 degrees Fahrenheit.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">5. Glidden Premium Winter Walk White Satin Latex Exterior Paint</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Coming in at about 60-70% of the cost of the top two best exterior paints, Glidden Premium Winter Walk White Satin Latex Exterior Paint is formulated as a durable acrylic paint for a quality coat on outdoor surfaces. It dries quickly (under an hour) and is both a paint and primer in one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With mildew resistance, fade resistance, and UV resistance, it’s no wonder this affordable option is still one of the best exterior paints. Really the only downside to this one is that it only comes in one color. If you’re looking for a white exterior paint color, or just some white to paint your exterior trim, then this is an excellent budget-friendly option.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">6. Ecos Exterior Vinyl Siding Paint</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Ecos Exterior Vinyl Siding Paint has a medium sheen that dries to a hard, protective shell to keep your vinyl siding protected from the elements. This paint is specifically formulated to bond to vinyl surfaces and is ideal for vinyl siding and vinyl shutters, but not recommended for wood. It’s long-lasting and stands up well to pressure washing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">7. Ecos Exterior Wall Paint</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Available in low-luster and satin finishes, the Ecos Exterior Wall Paint is specifically formulated for exterior walls made from materials such as stone, cinder block, brick, concrete, and concrete siding. It bonds well to these textured surfaces and will perform well against weathering, however it is not ideal for areas that are permanently wet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">8. Ecos Exterior Porch and Floor Paint</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ecos Exterior Porch and Floor Paint is ideal for covered concrete floors and porches. It has a high-sheen finish and will stand up to excessive foot traffic as well as pressure washing, but it is not suited to areas that are permanently wet such as pools decks or fishing docks.</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\">9. Aura Exterior Paint Flat</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Aura Exterior Paint Flat has Benjamin Moore’s Color Lock technology that allows colors to appear rich even in bright sunlight and comes with superior fade resistance. If you live in a place like Arizona, or even if you just don’t have any trees or tall buildings around and want the best exterior paint that will hold up to frequent sunshine, then the Aura Exterior Paint Flat is a great choice for 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\">Aura Exterior Paint is available in other finishes besides flat, but flat is an excellent choice for sunny areas to reduce glare. And while flat has more microscopic surface area on which mold and mildew could try to grow, you don’t have to worry about that so much if your main concern is hot sun 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\">This paint is 100% acrylic and available in thousands of colors from Benjamin Moore.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">10. Behr Marquee Flat Exterior Paint and Primer</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re on the hunt for a paint-and-primer duo to save you the time of priming separately, then consider Marquee Flat Exterior Paint and Primer by Behr. The flat finish will reduce glare from the sun, and the paint-and-primer mix will save you some time in application. This paint is formulated with cutting-edge UV protection technology to help your color stay rich and beautiful longer than most other paints, even with extended sun 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\">Another reason this is one of the best exterior paints is that it comes with a one-coat guarantee for more than 700 of the colors it is available in – this means not only will you get to skip priming, but if you pick one of those 700 colors, you won’t need to apply a second or third coat, either.</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\">11. Aura Exterior Paint Semi-Gloss</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Aura Exterior Paint Semi-Gloss is one of the best exterior paints because it’s specially made to be weather-resistant and comes with the same fade-resistance technology as the flat finish described above, but the semi-gloss finish is more mold- and mildew-resistant. This slightly shinier finish suits a humid/rainy area like Washington where there’s less sunlight and a greater risk for growing unwanted green stuff on your exterior walls.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Aura Exterior Paint is available in other finishes, but this finish will be the best for keeping mold and mildew off your home’s exterior. It is 100% acrylic and available in thousands of colors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">12. Valspar Duramax Satin Base</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Valspar Duramax Satin Base 4 dries in 1.5 hours. That’s right – a fraction of the time of most paints on the market. Crazy fast. Because of its incredible drying time, this paint is great for applying in places where you may only have a couple of hours between rainstorms. While it does dry fast enough to prevent blisters or warping during a rainstorm right after application, and it is equipped with Valspar’s all-weather-adhesion, it will still bond best to a surface that is dry to start with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can apply this paint in temperatures as low as 35 degrees Fahrenheit or as high as 90 degrees Fahrenheit and rest assured that it will dry quickly in any weather. The finish is mold-, algae-, and mildew-resistant, making it one of the best exterior paints for humid regions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">13. WaterBlock® Acrylic Masonry Waterproofer</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Benjamin Moore’s WaterBlock® Acrylic Masonry Waterproofer is made for serious waterproofing. This real-deal waterproofing paint seals exterior masonry surfaces to keep them clean and dry inside and out. Retaining walls, foundations, basement walls – any surface made from brick, concrete blocks, or stucco will especially benefit from this high-quality weatherproof paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With water resistance up to 12 psi hydrostatic pressure, you can rest assured that this paint is the best exterior paint for high-humidity and high-rainfall areas, and it will seal your walls completely to keep your home safe from water damage, as long as it is applied correctly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How To Choose the Best Exterior Paint for Your Project</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Low VOCs</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\">What are VOCs? In short, they’re “volatile organic compounds” that emit toxic fumes. Many paints of the oil-based variety are heavier on VOCs in an attempt to improve their durability and speed up their drying time; however, you may find VOCs in some acrylic and latex paints as well, to a lesser extent. The overall trend is to remove VOCs from paint entirely, but until such a time as that goal is achieved, you’ll want to note the VOC content in whatever paint you choose, particularly if you’re sensitive to fumes.</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>Durability</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 it comes to choosing the best exterior paint for your project, you want a paint job that’s going to last and be worth the time and money you sink into it! For that reason, you may want to consider high-quality latex and acrylic paints, as these usually are usually thicker, hardier, and have a better pigment-and-solid ratio than some of the lower-quality paints on the market.</p>\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 on the hunt for oil-based paints, however, please note that these will tend to be thinner by nature than latex or acrylic, which does not reflect on their overall quality. In addition, while they are more durable, oil-based paints tend to yellow more quickly and contain a higher level of VOCs.</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>Dry Time</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\">Dry time goes deeper than just wet-to-the-touch or ready for a second coat; there’s an additional step called “curing”, which is when all the liquid ingredients in paint have evaporated. This can vary based on paint type, with latex and acrylic typically taking a couple of weeks to cure, and oil taking up to a month—all dependent on the humidity and heat levels in the environment. Care should be taken to avoid leaning things up against an uncured surface, so you will want to take that into consideration when choosing which paint with which cure time is best for your needs.</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>Color Duration</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\">Picking a color is an important step, as the shade of your home makes a bold statement. You’ll want a color that lasts, so be sure to choose a higher quality paint, as these typically contain better pigments with less fading over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cheaper paints, while less expensive, will often contain fillers that make your paint job dull out more quickly—which means you’ll end up spending more time and effort in the long run to repaint your home! Also note that darker exterior colors naturally tend to fade more quickly, so you’ll want to choose a color scheme that’s mindful of sun exposure in your particular area.</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>Weather Resistance</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’s no avoiding the elements, so you’ll want a paint that can stand up to the roughest and fairest of weather in your specific region. Oil-based and acrylic-based paints tend to be popular for their cleanability and durability against rain in particular, but if you’re choosing an acrylic option, be sure it’s fully acrylic-based, not partial…otherwise there may not be enough acrylic in the formula to fully seal the water out, which can lead to brittle, cracking, peeling paint.</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>Climate Factors</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\">Your regional location truly matters when choosing the right exterior paint! Different paints are made to withstand different environmental factors—such as strength and daily duration of sunlight, exposure to rain, temperature variance, etc. All of these will have an effect on how your paint holds up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you live in an area with cooler temperatures, be sure to choose a paint that dries well in that climate; the same if you live in a warmer region. For humid locations that receive lots of rain, a mildew-resistant formula is recommended, while a highly-sunny locale necessitates a UV-resistant one instead. All of these and more are factors you’ll want to account for when you choose the best exterior paint for your outdoor project.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Surface Factors</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 painting over your exterior, if you’re not working on a raw, unpainted surface, in general you’ll want to use the same type of paint as the exterior’s previous coat—latex over latex, oil over oil, etc. While there are exceptions to this rule, typically the solvents in mismatched paint types can cause cracking, peeling, bubbling, and other undesirable outcomes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In addition, you’ll want to ensure that you’re using a paint compatible with the type of siding on your exterior. Certain paints don’t bond well with certain surfaces, some are tailored only to wood, others to vinyl, and so on. It’s important to familiarize yourself with your home’s existing paint and surface types to gurantee you’re choosing the best option for your unique exterior!</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\">Preparation and Application</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 this can lengthen the process a bit and require some extra care, it’s important to make sure that you prepare the exterior surface to receive your paint so you don’t find all your hard work, time, and money going to waste! Taking the time to strip away loose or peeling paint, power-or-hand-wash surfaces, and thoroughly dry them before painting will set you up for maximum success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You will also want to prepare your outdoor areas for your painting job, using drop cloths, painter’s tape, etc. Make note of any surfaces such as eating spots and children’s play areas, and keep in mind the type of paint you’ll be using to ensure no toxins come into contact with highly-traffic areas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">These few extra steps will help ensure that the work you put into choosing the best exterior paint doesn’t go to waste!</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://diypaintingtips.com/best-exterior-paint/\">click here.</a></p>\n<!-- /wp:paragraph -->','The Best Exterior Paint in 2023: Our Top 13 Picks','','publish','closed','closed','','the-best-exterior-paint-in-2023-our-top-13-picks','','','2023-02-27 01:26:31','2023-02-27 01:26:31','',0,'http://smartinsurance.tips/?p=2998',0,'post','',0),(2999,1,'2023-02-27 01:11:15','2023-02-27 01:11:15','','House-Improvement','','inherit','closed','closed','','house-improvement','','','2023-02-27 01:11:15','2023-02-27 01:11:15','',2998,'http://smartinsurance.tips/wp-content/uploads/2023/02/House-Improvement.png',0,'attachment','image/png',0),(3000,1,'2023-02-27 01:26:31','2023-02-27 01:26:31','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2999,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/House-Improvement.png\" alt=\"\" class=\"wp-image-2999\"/></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\">With so many options to choose from, you may be wondering how to narrow down the giant list of the best exterior paint choices to ensure you’re selecting the best exterior paint for your specific home, location, and needs. We’re here to help you with that step, 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\">Here we provide a few quick tips on things to consider when choosing from the wide range of paint options on the market. You want the best of the best for your exterior paint job—and we’ll help you narrow it down!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">The Best Exterior Paint for Your Outdoor Painting Project</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\">This list includes the highest quality paints, the best exterior paints on a budget, the best eco-friendly paints, the best exterior paints for rainy/humid regions, and the best fade-resistant paints for warmer regions that get a lot of sunlight.</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\">Behr Marquee</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":6409,\"linkDestination\":\"custom\"} -->\n<figure class=\"wp-block-image\"><a href=\"https://homedepot.sjv.io/c/1305991/456723/8154?u=https%3A%2F%2Fwww.homedepot.com%2Fb%2FPaint-Paint-Colors%2FBEHR-MARQUEE%2FExterior-Paint%2FN-5yc1vZcaw8Zc2lZ1z0q3xg&amp;subId3=best-exterior-paint_amcid-IpisPQBJOgqrBll7FNVsg\" target=\"_blank\" rel=\"noreferrer noopener\"><img src=\"https://diypaintingtips.com/wp-content/uploads/2022/04/Behr-Marquee.jpg.webp\" alt=\"Behr Marquee\" class=\"wp-image-6409\" title=\"The Best Exterior Paint in 2023: Our Top 13 Picks 3\"/></a></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\">Behr Marquee is Behr’s premium line of exterior paint while still maintaining Behr’s great pricing and lifetime warranty.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Due to it’s one coat coverage, dirt and rain resistance, fade protection, and amazing adhesion, Marquee is my top pick for exterior paints and the one I use when painting my clients homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your previous exterior paint is in good shape, you can simply power wash your home and apply Marquee, no primer needed.</p>\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 coat coverage works great if you are painting over a similar color, but I still usually go with two in most situations.</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\">Benjamin Moore Regal Select</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":6406,\"linkDestination\":\"custom\"} -->\n<figure class=\"wp-block-image\"><a href=\"https://acehardware.dttq.net/c/1305991/611504/9988?u=https%3A%2F%2Fwww.acehardware.com%2Fdepartments%2Fpaint-and-supplies%2Fexterior-paint%2Fexterior-house-and-trim-paint%2F1907492&amp;subId3=best-exterior-paint_amcid-OJixVzJAPOQr2qEm2QEOQ\" target=\"_blank\" rel=\"noreferrer noopener\"><img src=\"https://diypaintingtips.com/wp-content/uploads/2022/12/BM-Regal-Select.jpg.webp\" alt=\"The Best Exterior Paint in 2023: Our Top 13 Picks 1\" class=\"wp-image-6406\" title=\"The Best Exterior Paint in 2023: Our Top 13 Picks 4\"/></a></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\">Regal Select is Benjamin Moore’s top of the line exterior paint with a price to match.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regal Select is a hybrid type paint meaning it is a 100% acrylic coating with alkyd technology, basically a water based paint with the performance of an oil.</p>\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 comes with a lifetime warranty, great flow and leveling, resists fading, cracking and peeling, and has great adhesion.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I love using Regal Select and think it is completely equal to Behr Marquee, the only difference is that Real Select costs about $20 more per gallon than Marquee.</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\">Behr Ultra</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":6410,\"linkDestination\":\"custom\"} -->\n<figure class=\"wp-block-image\"><a href=\"https://homedepot.sjv.io/c/1305991/456723/8154?u=https%3A%2F%2Fwww.homedepot.com%2Fb%2FPaint-Paint-Colors%2FBEHR-ULTRA%2FExterior-Paint%2FN-5yc1vZcaw8ZpknZ1z0q3xg&amp;subId3=best-exterior-paint_amcid-3YolezBOI2Z6PUmoqYoq6\" target=\"_blank\" rel=\"noreferrer noopener\"><img src=\"https://diypaintingtips.com/wp-content/uploads/2022/12/Behr-Ultra.jpg.webp\" alt=\"The Best Exterior Paint in 2023: Our Top 13 Picks 2\" class=\"wp-image-6410\" title=\"The Best Exterior Paint in 2023: Our Top 13 Picks 5\"/></a></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\">While Behr Marquee is my favorite exterior paint, Behr Ultra is probably the exterior paint I use the most. I have used it on my own home as well as many clients over the years and have never had anything but a great experience.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Behr Ultra comes with a Lifetime Warranty, is great at stain blocking, has excellent hide, and great stain and dirt resistance. Behr Ultra also have the benefit of being a mildew resistant finish.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Behr Ultra comes in roughly $15 less than Marquee, $35 less than BM Regal Select, and about $10 less than Ben.</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\">Benjamin Moore Ben</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"id\":6412,\"linkDestination\":\"custom\"} -->\n<figure class=\"wp-block-image\"><a href=\"https://acehardware.dttq.net/c/1305991/611504/9988?u=https%3A%2F%2Fwww.acehardware.com%2Fdepartments%2Fpaint-and-supplies%2Fspecialty-paints%2Fchalk-paint%2F1410679&amp;subId3=best-exterior-paint_amcid-VpQNlrMMZzAJYoYFAVsZ7\" target=\"_blank\" rel=\"noreferrer noopener\"><img src=\"https://diypaintingtips.com/wp-content/uploads/2022/12/Ben.jpg.webp\" alt=\"The Best Exterior Paint in 2023: Our Top 13 Picks 3\" class=\"wp-image-6412\" title=\"The Best Exterior Paint in 2023: Our Top 13 Picks 6\"/></a></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\">Not to be confused with cheap paint, Ben is Benjamin Moore’s cheaper exterior paint while still being and incredibly high quality and high performing paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ben comes with a 25 year warranty, has excellent adhesion, color retention, flow and leveling.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ben can be exposed to rain in as little as 90-120 minutes after application and applied in temps down to 35 degrees.</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\">Best Exterior Primer</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\">Zinsser Peel Stop Triple Thick</h3>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"align\":\"center\",\"linkDestination\":\"custom\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https://www.amazon.com/dp/B00MSZD48A/?tag=diy-best-exterior-paint-20\" target=\"_blank\" rel=\"noreferrer noopener\"><img src=\"https://m.media-amazon.com/images/I/51GLYdWMzIL._SL500_.jpg\" alt=\"Peel Stop 3X GAL Primer (Pack of 2)\" title=\"The Best Exterior Paint in 2023: Our Top 13 Picks 7\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While most paints these days offer paint and primer in one, sometimes you need a legit primer to ensure a long lasting paint job.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Zinsser Peel Stop Triple Thick is my favorite primer for problem houses with peeling issues.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Peel Stop Triple Thick basically acts like a glue over the surface of your old peeling paint and glues it onto the surface. It goes on clear and is not meant to hide anything, it is purely to prevent future paint peeling.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I cannot over state this, if you have peeling issues on your house, you should absolutely use Peel Stop. It is the best way to prevent future peeling after your new paint job.</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\">The All-Around Best Exterior Paint for DIY Projects</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 following are the highest-quality of the best exterior paints, and as a result, also the most expensive. The quality is worth the price!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">1. Sherwin Williams Duration Exterior Latex</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">This Sherwin Williams paint is at the top of our list of the best exterior paints because it is made with advanced acrylic copolymers that enable it to last longer than just about any other paint. Sherwin Williams Duration Exterior Latex paint is low-VOC, meaning that the fumes are not as bad for you as many other paint fumes. While no fumes are great to breathe in as you work or as the paint dries over the next several days, this one at least is less of a concern.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another reason this paint is at the top of our list of the best exterior paints is that it is self-priming. This means that you’ll only need to apply one coat in most cases, and at maximum, no more than two. Fewer coats of paint and no need to prime will save you time and help you save on the cost of additional paint for additional coats.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The only downside of this paint is that it is more on the expensive side. But it is well worth the cost. Pay a little more upfront for a beautiful paint job that lasts for several years. And this one comes in more than 100 colors, so you’re sure to find something to suit your color preferences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">2. Sherwin Williams SuperPaint Exterior Acrylic Latex</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another high-quality exterior paint is SuperPaint Exterior Acrylic Latex by Sherwin Williams. This paint is one of the best exterior paints because it is formulated with advanced resin technology that helps it adhere more strongly to the base surface, retain it’s color longer, and hide imperfections in the surface more effectively. This Sherwin Williams paint is also available in over 100 colors and is mold- and mildew-resistant.</p>\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 little less pricey than the Duration Exterior Latex, SuperPaint Exterior Acrylic Latex is still one of the best exterior paint choices. You just may need to start with primer and apply an extra coat or two to achieve the same paint quality.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">3. Behr Premium Plus Paint and Primer</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Firstly, paint and primer in one is always nice because it reduces the number of coats you need to add. So there’s time saved right off the bat! Behr Premium Plus Paint and Primer is a 100% acrylic formulation with low VOCs so won’t have to be as concerned about strong fumes as you may need to be with other paints. This paint is made with a long-lasting formulation that resists fading and staining – great qualities for an exterior paint!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Additionally, this paint is available in over 2000 colors. That’s not an accidental extra zero – this paint is available in over two-thousand color variations. Flat, satin, semi-gloss, and high-gloss finishes are also available with this paint in any of those colors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">4. Behr Ultra Paint and Primer</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Behr Ultra Paint and Primer also offers the time savings that come with paint-and-primer combos. But more importantly, it is formulated to not only resist stains but also hide them better. So a stain is less likely to absorb from under your paint job and show through. If your home’s exterior has taken a bit of a beating from weather, pets, and/or kids, this paint will hide all the evidence better than most.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Available in flat, satin, and semi-gloss finishes, there are also a lot of colors to choose from for this one. And it’s formulated for cold application, so you can paint with it in temperatures as low as 35 degrees Fahrenheit.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">5. Glidden Premium Winter Walk White Satin Latex Exterior Paint</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Coming in at about 60-70% of the cost of the top two best exterior paints, Glidden Premium Winter Walk White Satin Latex Exterior Paint is formulated as a durable acrylic paint for a quality coat on outdoor surfaces. It dries quickly (under an hour) and is both a paint and primer in one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With mildew resistance, fade resistance, and UV resistance, it’s no wonder this affordable option is still one of the best exterior paints. Really the only downside to this one is that it only comes in one color. If you’re looking for a white exterior paint color, or just some white to paint your exterior trim, then this is an excellent budget-friendly option.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">6. Ecos Exterior Vinyl Siding Paint</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Ecos Exterior Vinyl Siding Paint has a medium sheen that dries to a hard, protective shell to keep your vinyl siding protected from the elements. This paint is specifically formulated to bond to vinyl surfaces and is ideal for vinyl siding and vinyl shutters, but not recommended for wood. It’s long-lasting and stands up well to pressure washing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">7. Ecos Exterior Wall Paint</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Available in low-luster and satin finishes, the Ecos Exterior Wall Paint is specifically formulated for exterior walls made from materials such as stone, cinder block, brick, concrete, and concrete siding. It bonds well to these textured surfaces and will perform well against weathering, however it is not ideal for areas that are permanently wet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">8. Ecos Exterior Porch and Floor Paint</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ecos Exterior Porch and Floor Paint is ideal for covered concrete floors and porches. It has a high-sheen finish and will stand up to excessive foot traffic as well as pressure washing, but it is not suited to areas that are permanently wet such as pools decks or fishing docks.</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\">9. Aura Exterior Paint Flat</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Aura Exterior Paint Flat has Benjamin Moore’s Color Lock technology that allows colors to appear rich even in bright sunlight and comes with superior fade resistance. If you live in a place like Arizona, or even if you just don’t have any trees or tall buildings around and want the best exterior paint that will hold up to frequent sunshine, then the Aura Exterior Paint Flat is a great choice for 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\">Aura Exterior Paint is available in other finishes besides flat, but flat is an excellent choice for sunny areas to reduce glare. And while flat has more microscopic surface area on which mold and mildew could try to grow, you don’t have to worry about that so much if your main concern is hot sun 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\">This paint is 100% acrylic and available in thousands of colors from Benjamin Moore.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">10. Behr Marquee Flat Exterior Paint and Primer</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re on the hunt for a paint-and-primer duo to save you the time of priming separately, then consider Marquee Flat Exterior Paint and Primer by Behr. The flat finish will reduce glare from the sun, and the paint-and-primer mix will save you some time in application. This paint is formulated with cutting-edge UV protection technology to help your color stay rich and beautiful longer than most other paints, even with extended sun 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\">Another reason this is one of the best exterior paints is that it comes with a one-coat guarantee for more than 700 of the colors it is available in – this means not only will you get to skip priming, but if you pick one of those 700 colors, you won’t need to apply a second or third coat, either.</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\">11. Aura Exterior Paint Semi-Gloss</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Aura Exterior Paint Semi-Gloss is one of the best exterior paints because it’s specially made to be weather-resistant and comes with the same fade-resistance technology as the flat finish described above, but the semi-gloss finish is more mold- and mildew-resistant. This slightly shinier finish suits a humid/rainy area like Washington where there’s less sunlight and a greater risk for growing unwanted green stuff on your exterior walls.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Aura Exterior Paint is available in other finishes, but this finish will be the best for keeping mold and mildew off your home’s exterior. It is 100% acrylic and available in thousands of colors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">12. Valspar Duramax Satin Base</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Valspar Duramax Satin Base 4 dries in 1.5 hours. That’s right – a fraction of the time of most paints on the market. Crazy fast. Because of its incredible drying time, this paint is great for applying in places where you may only have a couple of hours between rainstorms. While it does dry fast enough to prevent blisters or warping during a rainstorm right after application, and it is equipped with Valspar’s all-weather-adhesion, it will still bond best to a surface that is dry to start with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can apply this paint in temperatures as low as 35 degrees Fahrenheit or as high as 90 degrees Fahrenheit and rest assured that it will dry quickly in any weather. The finish is mold-, algae-, and mildew-resistant, making it one of the best exterior paints for humid regions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">13. WaterBlock® Acrylic Masonry Waterproofer</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Benjamin Moore’s WaterBlock® Acrylic Masonry Waterproofer is made for serious waterproofing. This real-deal waterproofing paint seals exterior masonry surfaces to keep them clean and dry inside and out. Retaining walls, foundations, basement walls – any surface made from brick, concrete blocks, or stucco will especially benefit from this high-quality weatherproof paint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With water resistance up to 12 psi hydrostatic pressure, you can rest assured that this paint is the best exterior paint for high-humidity and high-rainfall areas, and it will seal your walls completely to keep your home safe from water damage, as long as it is applied correctly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How To Choose the Best Exterior Paint for Your Project</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Low VOCs</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\">What are VOCs? In short, they’re “volatile organic compounds” that emit toxic fumes. Many paints of the oil-based variety are heavier on VOCs in an attempt to improve their durability and speed up their drying time; however, you may find VOCs in some acrylic and latex paints as well, to a lesser extent. The overall trend is to remove VOCs from paint entirely, but until such a time as that goal is achieved, you’ll want to note the VOC content in whatever paint you choose, particularly if you’re sensitive to fumes.</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>Durability</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 it comes to choosing the best exterior paint for your project, you want a paint job that’s going to last and be worth the time and money you sink into it! For that reason, you may want to consider high-quality latex and acrylic paints, as these usually are usually thicker, hardier, and have a better pigment-and-solid ratio than some of the lower-quality paints on the market.</p>\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 on the hunt for oil-based paints, however, please note that these will tend to be thinner by nature than latex or acrylic, which does not reflect on their overall quality. In addition, while they are more durable, oil-based paints tend to yellow more quickly and contain a higher level of VOCs.</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>Dry Time</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\">Dry time goes deeper than just wet-to-the-touch or ready for a second coat; there’s an additional step called “curing”, which is when all the liquid ingredients in paint have evaporated. This can vary based on paint type, with latex and acrylic typically taking a couple of weeks to cure, and oil taking up to a month—all dependent on the humidity and heat levels in the environment. Care should be taken to avoid leaning things up against an uncured surface, so you will want to take that into consideration when choosing which paint with which cure time is best for your needs.</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>Color Duration</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\">Picking a color is an important step, as the shade of your home makes a bold statement. You’ll want a color that lasts, so be sure to choose a higher quality paint, as these typically contain better pigments with less fading over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cheaper paints, while less expensive, will often contain fillers that make your paint job dull out more quickly—which means you’ll end up spending more time and effort in the long run to repaint your home! Also note that darker exterior colors naturally tend to fade more quickly, so you’ll want to choose a color scheme that’s mindful of sun exposure in your particular area.</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>Weather Resistance</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’s no avoiding the elements, so you’ll want a paint that can stand up to the roughest and fairest of weather in your specific region. Oil-based and acrylic-based paints tend to be popular for their cleanability and durability against rain in particular, but if you’re choosing an acrylic option, be sure it’s fully acrylic-based, not partial…otherwise there may not be enough acrylic in the formula to fully seal the water out, which can lead to brittle, cracking, peeling paint.</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>Climate Factors</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\">Your regional location truly matters when choosing the right exterior paint! Different paints are made to withstand different environmental factors—such as strength and daily duration of sunlight, exposure to rain, temperature variance, etc. All of these will have an effect on how your paint holds up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you live in an area with cooler temperatures, be sure to choose a paint that dries well in that climate; the same if you live in a warmer region. For humid locations that receive lots of rain, a mildew-resistant formula is recommended, while a highly-sunny locale necessitates a UV-resistant one instead. All of these and more are factors you’ll want to account for when you choose the best exterior paint for your outdoor project.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Surface Factors</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 painting over your exterior, if you’re not working on a raw, unpainted surface, in general you’ll want to use the same type of paint as the exterior’s previous coat—latex over latex, oil over oil, etc. While there are exceptions to this rule, typically the solvents in mismatched paint types can cause cracking, peeling, bubbling, and other undesirable outcomes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In addition, you’ll want to ensure that you’re using a paint compatible with the type of siding on your exterior. Certain paints don’t bond well with certain surfaces, some are tailored only to wood, others to vinyl, and so on. It’s important to familiarize yourself with your home’s existing paint and surface types to gurantee you’re choosing the best option for your unique exterior!</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\">Preparation and Application</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 this can lengthen the process a bit and require some extra care, it’s important to make sure that you prepare the exterior surface to receive your paint so you don’t find all your hard work, time, and money going to waste! Taking the time to strip away loose or peeling paint, power-or-hand-wash surfaces, and thoroughly dry them before painting will set you up for maximum success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You will also want to prepare your outdoor areas for your painting job, using drop cloths, painter’s tape, etc. Make note of any surfaces such as eating spots and children’s play areas, and keep in mind the type of paint you’ll be using to ensure no toxins come into contact with highly-traffic areas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">These few extra steps will help ensure that the work you put into choosing the best exterior paint doesn’t go to waste!</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://diypaintingtips.com/best-exterior-paint/\">click here.</a></p>\n<!-- /wp:paragraph -->','The Best Exterior Paint in 2023: Our Top 13 Picks','','inherit','closed','closed','','2998-revision-v1','','','2023-02-27 01:26:31','2023-02-27 01:26:31','',2998,'http://smartinsurance.tips/?p=3000',0,'revision','',0),(3001,1,'2023-02-27 01:30:22','2023-02-27 01:30:22','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3002,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Privacy.png\" alt=\"\" class=\"wp-image-3002\"/></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\">Data privacy was a normal thing in the past. However, it has become a very critical issue with time. People are asking companies about their data. They want to ensure that companies are not selling their data. Data Privacy is becoming the most important thing in the market. The privacy of your customers and employees are also covered by various regulations. You need to follow GDPR regulations if you are dealing with EU resident’s data. Similarly, if you are dealing with California resident’s data, then you need to follow CCPA regulations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are many laws strict regulations that you need to follow. These regulations will help governments in protecting their citizen’s data. Thus, companies have to manage the personal data of their customers. This will help you in avoiding significant penalties and fines. Companies have paid more than $126 million in GDPR fines. There have been more than 160k security breach notifications in the last two years. This shows the importance of data privacy. In this article, we are going to discuss the importance of data privacy.</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>Your customers care about their privacy</strong></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\">Consumers are becoming smarter with time. Your customers are researching before using any online products. They also share the apps they like on their social media accounts. This data is collected by mobile apps, operators, device manufacturers, and internet providers. They might sell this data for earning money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most consumers want to share information like locations, opinions, and photos with social media platforms. However, they don’t want to share personal data with these platforms.</p>\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 report by AnchorFree, more than 95% of Americans are worried about their personal information. They think that companies are stealing their personal information. Also, more than 80% of people are worried about their online privacy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Thus, your customers are worried about their privacy. They think about their privacy while using your applications. This will help you in creating a loyal userbase. Thus, you can ultimately build a strong brand image.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"start\":2,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol start=\"2\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Data Privacy is important for your brand</strong></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\">Businesses are connected with other business partners. This will help them in improving their productivity. You might be using a store of some other business. Similarly, you might be using email marketing services from other providers. These third-party providers will help you in dealing with your customer’s data. You might be sharing your customer’s data with your third-party providers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Every business is connected with some other providers. Thus, you need to think about your data privacy. Data privacy is just not a clause in your terms and conditions. It is deeply embedded in every interaction with your customers. Data privacy can heavily impact your brand image. It can disrupt your customer experience. Thus, it can ultimately hurt your business reputation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most people don’t want to share their private information with companies. They think that companies will sell their private information. Thus, privacy has become a policy issue with time. If you are protecting your user privacy, then it will help you in driving more revenue. Thus, you can ultimately grow your business by protecting your user’s privacy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"start\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol start=\"3\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Data privacy is important for the growth of your business</strong></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\">Most companies think that data privacy is just a protective measure. However, it is the best strategic opportunity that your business has. You can grow your brand by protecting your customer data. Thus, it is the best business opportunity for small businesses. Even large companies can use this opportunity to beat their competitors. If your competitors are protecting their user’s data, then you can easily win their customers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Data privacy concern has become a big thing due to the increase in devices. Customers are connecting everything with the internet. They are even connecting their household devices with the internet. Thus, the concern around privacy breaches is increasing with time. Most large companies like Google and Facebook were actually built by collecting their user’s data. However, the next big companies will be built by protecting their user’s data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Startups should utilize this opportunity for creating a new business. They can build their business around trust and privacy. Business opportunities are increasing due to the concerns related to data privacy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"start\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol start=\"4\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Show your business commitment to the data privacy</strong></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\">You can take some special steps to protect your customer’s data. First, you should start implementing data privacy in your products. You should implement the things that are written in your privacy 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\">You should take the data privacy of your customers seriously. Also, you should share some tips with your customers. These tips will help your users in protecting their data privacy. Thus, your customers will also think that you are taking their privacy seriously. You can provide these tips to your customers:</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>Your customers should use complex passwords. Also, they should change their passwords regularly.</li><li>It is important to use two-step authentication.</li><li>Your customers should check their privacy settings.</li><li>You can integrate a VPN with your app.</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\">These steps are the best way to protect your customer’s data. Thus, you don’t need to worry about violating any security compliance like GDPR. If you have to follow GDPR or CCPA compliances, then data privacy is more important for you. It will help you in avoiding unnecessary compliance violations.</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\">Conclusion</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\">Data privacy is becoming the most important thing in the 21st century. Customers are worried about their data privacy. They don’t want to share their data with companies that can sell their data. Thus, they are looking for companies that respect their data privacy. Companies also need to follow strict regulations like GDPR and CCPA. These compliances are protecting the privacy of their citizens. Thus, it is important to give top priority to data privacy. Most companies think that it is only a clause in their terms and conditions. However, it can heavily affect your business reputation. If you need more tips regarding data privacy, then you can contact Bleuwire.</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://bleuwire.com/data-privacy-important-for-business/\">click here.</a></p>\n<!-- /wp:paragraph -->','Why Data Privacy Is Important for Your Business','','publish','closed','closed','','why-data-privacy-is-important-for-your-business','','','2023-02-27 01:30:22','2023-02-27 01:30:22','',0,'http://smartinsurance.tips/?p=3001',0,'post','',0),(3002,1,'2023-02-27 01:27:45','2023-02-27 01:27:45','','Privacy','','inherit','closed','closed','','privacy-8','','','2023-02-27 01:27:45','2023-02-27 01:27:45','',3001,'http://smartinsurance.tips/wp-content/uploads/2023/02/Privacy.png',0,'attachment','image/png',0),(3003,1,'2023-02-27 01:30:22','2023-02-27 01:30:22','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3002,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Privacy.png\" alt=\"\" class=\"wp-image-3002\"/></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\">Data privacy was a normal thing in the past. However, it has become a very critical issue with time. People are asking companies about their data. They want to ensure that companies are not selling their data. Data Privacy is becoming the most important thing in the market. The privacy of your customers and employees are also covered by various regulations. You need to follow GDPR regulations if you are dealing with EU resident’s data. Similarly, if you are dealing with California resident’s data, then you need to follow CCPA regulations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are many laws strict regulations that you need to follow. These regulations will help governments in protecting their citizen’s data. Thus, companies have to manage the personal data of their customers. This will help you in avoiding significant penalties and fines. Companies have paid more than $126 million in GDPR fines. There have been more than 160k security breach notifications in the last two years. This shows the importance of data privacy. In this article, we are going to discuss the importance of data privacy.</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>Your customers care about their privacy</strong></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\">Consumers are becoming smarter with time. Your customers are researching before using any online products. They also share the apps they like on their social media accounts. This data is collected by mobile apps, operators, device manufacturers, and internet providers. They might sell this data for earning money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most consumers want to share information like locations, opinions, and photos with social media platforms. However, they don’t want to share personal data with these platforms.</p>\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 report by AnchorFree, more than 95% of Americans are worried about their personal information. They think that companies are stealing their personal information. Also, more than 80% of people are worried about their online privacy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Thus, your customers are worried about their privacy. They think about their privacy while using your applications. This will help you in creating a loyal userbase. Thus, you can ultimately build a strong brand image.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"start\":2,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol start=\"2\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Data Privacy is important for your brand</strong></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\">Businesses are connected with other business partners. This will help them in improving their productivity. You might be using a store of some other business. Similarly, you might be using email marketing services from other providers. These third-party providers will help you in dealing with your customer’s data. You might be sharing your customer’s data with your third-party providers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Every business is connected with some other providers. Thus, you need to think about your data privacy. Data privacy is just not a clause in your terms and conditions. It is deeply embedded in every interaction with your customers. Data privacy can heavily impact your brand image. It can disrupt your customer experience. Thus, it can ultimately hurt your business reputation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most people don’t want to share their private information with companies. They think that companies will sell their private information. Thus, privacy has become a policy issue with time. If you are protecting your user privacy, then it will help you in driving more revenue. Thus, you can ultimately grow your business by protecting your user’s privacy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"start\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol start=\"3\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Data privacy is important for the growth of your business</strong></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\">Most companies think that data privacy is just a protective measure. However, it is the best strategic opportunity that your business has. You can grow your brand by protecting your customer data. Thus, it is the best business opportunity for small businesses. Even large companies can use this opportunity to beat their competitors. If your competitors are protecting their user’s data, then you can easily win their customers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Data privacy concern has become a big thing due to the increase in devices. Customers are connecting everything with the internet. They are even connecting their household devices with the internet. Thus, the concern around privacy breaches is increasing with time. Most large companies like Google and Facebook were actually built by collecting their user’s data. However, the next big companies will be built by protecting their user’s data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Startups should utilize this opportunity for creating a new business. They can build their business around trust and privacy. Business opportunities are increasing due to the concerns related to data privacy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"start\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol start=\"4\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Show your business commitment to the data privacy</strong></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\">You can take some special steps to protect your customer’s data. First, you should start implementing data privacy in your products. You should implement the things that are written in your privacy 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\">You should take the data privacy of your customers seriously. Also, you should share some tips with your customers. These tips will help your users in protecting their data privacy. Thus, your customers will also think that you are taking their privacy seriously. You can provide these tips to your customers:</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>Your customers should use complex passwords. Also, they should change their passwords regularly.</li><li>It is important to use two-step authentication.</li><li>Your customers should check their privacy settings.</li><li>You can integrate a VPN with your app.</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\">These steps are the best way to protect your customer’s data. Thus, you don’t need to worry about violating any security compliance like GDPR. If you have to follow GDPR or CCPA compliances, then data privacy is more important for you. It will help you in avoiding unnecessary compliance violations.</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\">Conclusion</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\">Data privacy is becoming the most important thing in the 21st century. Customers are worried about their data privacy. They don’t want to share their data with companies that can sell their data. Thus, they are looking for companies that respect their data privacy. Companies also need to follow strict regulations like GDPR and CCPA. These compliances are protecting the privacy of their citizens. Thus, it is important to give top priority to data privacy. Most companies think that it is only a clause in their terms and conditions. However, it can heavily affect your business reputation. If you need more tips regarding data privacy, then you can contact Bleuwire.</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://bleuwire.com/data-privacy-important-for-business/\">click here.</a></p>\n<!-- /wp:paragraph -->','Why Data Privacy Is Important for Your Business','','inherit','closed','closed','','3001-revision-v1','','','2023-02-27 01:30:22','2023-02-27 01:30:22','',3001,'http://smartinsurance.tips/?p=3003',0,'revision','',0),(3004,1,'2023-02-27 01:34:09','2023-02-27 01:34:09','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3005,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Leadership.png\" alt=\"\" class=\"wp-image-3005\"/></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\">While many business people claim that they don’t have time for hobbies, it’s vitally important to any professional to maintain a work-life balance – and that means getting out of the office. Hobbies can&nbsp;build a variety of skills and knowledge bases, whether you’re climbing mountains or reading the latest bestseller.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether focused on personal development or on cooperation and networking, hobbies can also make you more adept at your job, and in particular, at leadership. Here are six hobbies that will make you more effective as a 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\">Running Marathons (or Just Working Out)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Running, while usually a solo pursuit, demands dedication, planning, and a good sense of direction. Many runners also report that they do some of their best thinking when running, and an early morning run can inspire new thinking on how to resolve a problem at work, or new approaches to a professional challenge.</p>\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 up for the challenge, consider running a marathon. Of course, if you just can’t get into it, find another form of fitness that will make you happy. CrossFit, swimming, cycling or even yoga could work for you. Many people opt for martial arts, as it builds strength, confidence, and self-discipline.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Athletic activities can boost your energy levels throughout the day, as well as your mood – which will make you not only easier to deal with as a supervisor but give you extra energy to handle any curveballs that come your way.</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\">Creating and Collecting Art</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\">Thinking creatively is an essential quality of any good leader, and artistic pursuits – whether sculpting, painting, sketching, pottery, music, dance, or theater – can help you develop creative ways to address problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The arts can assist in developing “out of the box” thinking – unique and non-traditional ways to address problems that may arise. Whether you are learning how to mix the correct shade of royal purple, sing an A-flat six, or correctly perform a grand jete, each of these pursuits will teach you how to work through and around problems creatively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Of course, you don’t have to focus solely on creating art. Collecting works of art is a great hobby, and you will actively be supporting artists and the art scene. True leaders know aesthetics and how to appreciate art.</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\">Enjoying the Great Outdoors</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\">Spending time under the open skies, in nature, or on the open sea can be very beneficial to your health and peace of mind, and can also develop your leadership skills. If you enjoy the hillside, try mountain climbing, hiking or camping. Mountain climbing requires stamina, energy, dedication, and strategic thinking in order to make the ascent safely. Each of these qualities can contribute to better leadership, especially if you work a lot of overtime.</p>\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’d rather spend time on a body of water than dry land, then you should try sailing. It’s similar to mountain climbing in the sense that it is physically demanding, you’ll learn how to depend on yourself, but others as well, and you’ll have to take care of others in your group. You do have to prepare yourself before going sailing and learn about the basics.</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\">Playing Board Games</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\">Board games, in addition to sometimes fostering cooperation, promote strategic thinking and decision making. Any hobby that promotes these two qualities is well worth pursuing, not only for leadership development but for personal edification.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you’re playing Apples to Apples, Carcassonne, Stratego, Risk, or Clue, playing board games can help your mind hone its capability for systematic and strategic thinking, especially in highly competitive games like Eclipse or Settlers of Catan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Playing board games can train you how not to be petty, how to win, but also how to accept defeat with grace. Even leaders are sometimes wrong, and a loss at Monopoly might help you figure out that you’re not always right.</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\">Volunteering</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\">Everyone has a cause they believe in but working for that cause for free, that’s volunteering. Humanitarian work is rewarding, because as you’re helping others, you’re also growing as a person. You are learning how to appreciate the things you have and how to give without asking something in return.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Help the homeless, volunteer at a soup kitchen, teach a class, donate to orphanages, collect food and clothes for the needy, assist the elderly, join an animal shelter group – just go, and do good. Without even noticing, volunteering will shape you into a better 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\">Reading, and Talking About It</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\">Reading is a fantastic way to relax and focus the mind, whether you are reading for pleasure or for business. Reading also ties into creative thinking – something you are reading may inspire a new line of thinking towards a challenge you’re facing at work, or if you’re reading fiction, the qualities of a particular character may inspire you as something to emulate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Reading also develops vocabulary and encourages new synaptic connections – much like music. Some professionals make it a daily practice to read for at least twenty minutes, regardless of the reading material – from science fiction to financial management.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Joining a book club – online, or in your community – can also help you grow as a leader. As a member of a book club, you’ll regularly discuss books with other people, debate and validate other people’s opinions. Remember, a leader needs to know how to talk, but knowing how to listen is equally important.</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\">Final Thoughts</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\">Engaging in hobbies is important not only to your well-being but to your career as well. Interests outside of work can help prevent burnout at work and can help you come to work each day refreshed, renewed, and ready to engage with the challenges that lie ahead. If you are one of those professionals who say they do not have time for hobbies, remember one of the most important rules of entrepreneurship and professional leadership: “Make time.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://gordontredgold.com/6-hobbies-can-make-better-leader/\">click here.</a></p>\n<!-- /wp:paragraph -->','6 Hobbies That Can Make You a Better Leader','','publish','closed','closed','','6-hobbies-that-can-make-you-a-better-leader','','','2023-02-27 01:34:09','2023-02-27 01:34:09','',0,'http://smartinsurance.tips/?p=3004',0,'post','',0),(3005,1,'2023-02-27 01:31:20','2023-02-27 01:31:20','','Leadership','','inherit','closed','closed','','leadership-6','','','2023-02-27 01:31:20','2023-02-27 01:31:20','',3004,'http://smartinsurance.tips/wp-content/uploads/2023/02/Leadership.png',0,'attachment','image/png',0),(3006,1,'2023-02-27 01:34:09','2023-02-27 01:34:09','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3005,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Leadership.png\" alt=\"\" class=\"wp-image-3005\"/></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\">While many business people claim that they don’t have time for hobbies, it’s vitally important to any professional to maintain a work-life balance – and that means getting out of the office. Hobbies can&nbsp;build a variety of skills and knowledge bases, whether you’re climbing mountains or reading the latest bestseller.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether focused on personal development or on cooperation and networking, hobbies can also make you more adept at your job, and in particular, at leadership. Here are six hobbies that will make you more effective as a 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\">Running Marathons (or Just Working Out)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Running, while usually a solo pursuit, demands dedication, planning, and a good sense of direction. Many runners also report that they do some of their best thinking when running, and an early morning run can inspire new thinking on how to resolve a problem at work, or new approaches to a professional challenge.</p>\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 up for the challenge, consider running a marathon. Of course, if you just can’t get into it, find another form of fitness that will make you happy. CrossFit, swimming, cycling or even yoga could work for you. Many people opt for martial arts, as it builds strength, confidence, and self-discipline.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Athletic activities can boost your energy levels throughout the day, as well as your mood – which will make you not only easier to deal with as a supervisor but give you extra energy to handle any curveballs that come your way.</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\">Creating and Collecting Art</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\">Thinking creatively is an essential quality of any good leader, and artistic pursuits – whether sculpting, painting, sketching, pottery, music, dance, or theater – can help you develop creative ways to address problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The arts can assist in developing “out of the box” thinking – unique and non-traditional ways to address problems that may arise. Whether you are learning how to mix the correct shade of royal purple, sing an A-flat six, or correctly perform a grand jete, each of these pursuits will teach you how to work through and around problems creatively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Of course, you don’t have to focus solely on creating art. Collecting works of art is a great hobby, and you will actively be supporting artists and the art scene. True leaders know aesthetics and how to appreciate art.</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\">Enjoying the Great Outdoors</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\">Spending time under the open skies, in nature, or on the open sea can be very beneficial to your health and peace of mind, and can also develop your leadership skills. If you enjoy the hillside, try mountain climbing, hiking or camping. Mountain climbing requires stamina, energy, dedication, and strategic thinking in order to make the ascent safely. Each of these qualities can contribute to better leadership, especially if you work a lot of overtime.</p>\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’d rather spend time on a body of water than dry land, then you should try sailing. It’s similar to mountain climbing in the sense that it is physically demanding, you’ll learn how to depend on yourself, but others as well, and you’ll have to take care of others in your group. You do have to prepare yourself before going sailing and learn about the basics.</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\">Playing Board Games</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\">Board games, in addition to sometimes fostering cooperation, promote strategic thinking and decision making. Any hobby that promotes these two qualities is well worth pursuing, not only for leadership development but for personal edification.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you’re playing Apples to Apples, Carcassonne, Stratego, Risk, or Clue, playing board games can help your mind hone its capability for systematic and strategic thinking, especially in highly competitive games like Eclipse or Settlers of Catan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Playing board games can train you how not to be petty, how to win, but also how to accept defeat with grace. Even leaders are sometimes wrong, and a loss at Monopoly might help you figure out that you’re not always right.</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\">Volunteering</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\">Everyone has a cause they believe in but working for that cause for free, that’s volunteering. Humanitarian work is rewarding, because as you’re helping others, you’re also growing as a person. You are learning how to appreciate the things you have and how to give without asking something in return.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Help the homeless, volunteer at a soup kitchen, teach a class, donate to orphanages, collect food and clothes for the needy, assist the elderly, join an animal shelter group – just go, and do good. Without even noticing, volunteering will shape you into a better 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\">Reading, and Talking About It</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\">Reading is a fantastic way to relax and focus the mind, whether you are reading for pleasure or for business. Reading also ties into creative thinking – something you are reading may inspire a new line of thinking towards a challenge you’re facing at work, or if you’re reading fiction, the qualities of a particular character may inspire you as something to emulate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Reading also develops vocabulary and encourages new synaptic connections – much like music. Some professionals make it a daily practice to read for at least twenty minutes, regardless of the reading material – from science fiction to financial management.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Joining a book club – online, or in your community – can also help you grow as a leader. As a member of a book club, you’ll regularly discuss books with other people, debate and validate other people’s opinions. Remember, a leader needs to know how to talk, but knowing how to listen is equally important.</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\">Final Thoughts</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\">Engaging in hobbies is important not only to your well-being but to your career as well. Interests outside of work can help prevent burnout at work and can help you come to work each day refreshed, renewed, and ready to engage with the challenges that lie ahead. If you are one of those professionals who say they do not have time for hobbies, remember one of the most important rules of entrepreneurship and professional leadership: “Make time.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://gordontredgold.com/6-hobbies-can-make-better-leader/\">click here.</a></p>\n<!-- /wp:paragraph -->','6 Hobbies That Can Make You a Better Leader','','inherit','closed','closed','','3004-revision-v1','','','2023-02-27 01:34:09','2023-02-27 01:34:09','',3004,'http://smartinsurance.tips/?p=3006',0,'revision','',0),(3007,1,'2023-02-27 01:37:24','2023-02-27 01:37:24','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3008,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Health.png\" alt=\"\" class=\"wp-image-3008\"/></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\">So you just ate a whole box of chocolates or sleeve of red velvet Oreos with your Valentine’s Day sweetie…now what?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I’m a sweets kinda gal. Just love em! And it can be a problem, particularly at specific times of the year…like when my kids were smaller and they brought home a huge plastic pumpkin filled with Halloween candy, or during the holidays when everyone starts sending you boxes of chocolates and parties abound. Ohhhh, the caramel filled chocolates…but I digress.</p>\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 like me, you have trouble controlling how much you have, once you start to indulge. One cookie becomes 2 cookies becomes the whole sleeve of cookies. Then you’re thinking, “Oh man, how did I do that?!” And then the guilt sets in. And then maybe you grab the box of chocolates, because you’ve already ruined the day, what’s another 2000 calories? Wait…2000?! Ahhh, there is the problem. A serving size is never as much as you want to eat of the sweets, and once the addictive nature of sugar has you in it’s grasp, it won’t let go until you do a huge amount of 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\">So…now what?</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\">4 ways&nbsp;to recover from an overindulgence of sweets:</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\"><em>“When you ingest any kind of carb or sweet, it breaks down into glucose,” said Lisa Eberly, RD. “That glucose runs through your veins in the hopes of being taken up into the cells and used for energy.”</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Got it. Sugar becomes glucose, glucose is the body’s energy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><em>“This glucose — a fancy word for sugar — cruises through the blood until your muscle cells signal that they need some glucose to break down and use as energy.”</em></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\">1. Move.</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\">Hungry muscles want sugar! Use those muscles, and you’ll be using up some of that excess sugar. Um, ok, sounds like a great plan!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But if you’re not using your muscles (read: working out, moving, etc.) then that energy is actually going to turn into fat (well crap). “If you eat a ton of sugar and then lounge on the couch, your muscles are like, ‘Nah, no thanks.’ And that glucose mulls around a bit and ultimately gets stored as fat,” said Eberly. Oh no!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">On the contrary, if you eat sugar and then go for a 10-minute walk, your muscles are like, ‘Hey dude, thanks for the fuel,’ and they soak that glucose up. This doesn’t mean you need to hit up a HIIT class right after eating three cupcakes, it just means that if your body is moving, you’re using glucose. Best practice would be a nice walk for 15 to 20 minutes to counteract a sugar binge.</p>\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 a reminder, there are WAY healthier ways to feed your muscles glucose — so don’t do this on purpose!</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\">2. Water.</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\">Literally, we are trying to “water down” the glucose in your system. Think about a cocktail with no ice. They can be pretty strong—also I think they want to make it look like there’s more in that glass than there really is, just sayin’. If you add ice, or seltzer, you water down the drink and make it less potent. Same deal with the sugar in your bloodstream. Water dilutes the sugar.</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\">3. Time.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You feel that high coming from all of that sugar, but if you are like me, you also have some ill effects. You feel sluggish after that immediate rush. Does anyone else get “sweaters” on their teeth? Too&nbsp;much sugar makes a “coating” on my teeth that I just hate. And bad breath/bad taste in the mouth. Ugh! It’s just going to take some time. You have to let your system work it out. Employ steps 1 and 2, and you will be feeling a bit less of the ill effects, but it will still take time.</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\">4. Don’t do it!</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\">Having had that experience, learn from it, and try not to repeat it. Are there healthier snacks that you can keep in the house? Can you avoid buying the things that make you weak willed? How about making some alternative items that have a bit of a healthier profile, like home baked sweets with Stevia, coconut flour (high in protein), or almond flour?</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://eliteclubs.com/post-valentines-day-sweets-recovery/\">click here.</a></p>\n<!-- /wp:paragraph -->','Post Valentine’s Day Sweets Recovery Ideas','','publish','closed','closed','','post-valentines-day-sweets-recovery-ideas','','','2023-02-27 01:37:24','2023-02-27 01:37:24','',0,'http://smartinsurance.tips/?p=3007',0,'post','',0),(3008,1,'2023-02-27 01:35:13','2023-02-27 01:35:13','','Health','','inherit','closed','closed','','health-7','','','2023-02-27 01:35:13','2023-02-27 01:35:13','',3007,'http://smartinsurance.tips/wp-content/uploads/2023/02/Health.png',0,'attachment','image/png',0),(3009,1,'2023-02-27 01:37:24','2023-02-27 01:37:24','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3008,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Health.png\" alt=\"\" class=\"wp-image-3008\"/></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\">So you just ate a whole box of chocolates or sleeve of red velvet Oreos with your Valentine’s Day sweetie…now what?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I’m a sweets kinda gal. Just love em! And it can be a problem, particularly at specific times of the year…like when my kids were smaller and they brought home a huge plastic pumpkin filled with Halloween candy, or during the holidays when everyone starts sending you boxes of chocolates and parties abound. Ohhhh, the caramel filled chocolates…but I digress.</p>\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 like me, you have trouble controlling how much you have, once you start to indulge. One cookie becomes 2 cookies becomes the whole sleeve of cookies. Then you’re thinking, “Oh man, how did I do that?!” And then the guilt sets in. And then maybe you grab the box of chocolates, because you’ve already ruined the day, what’s another 2000 calories? Wait…2000?! Ahhh, there is the problem. A serving size is never as much as you want to eat of the sweets, and once the addictive nature of sugar has you in it’s grasp, it won’t let go until you do a huge amount of 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\">So…now what?</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\">4 ways&nbsp;to recover from an overindulgence of sweets:</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\"><em>“When you ingest any kind of carb or sweet, it breaks down into glucose,” said Lisa Eberly, RD. “That glucose runs through your veins in the hopes of being taken up into the cells and used for energy.”</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Got it. Sugar becomes glucose, glucose is the body’s energy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><em>“This glucose — a fancy word for sugar — cruises through the blood until your muscle cells signal that they need some glucose to break down and use as energy.”</em></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\">1. Move.</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\">Hungry muscles want sugar! Use those muscles, and you’ll be using up some of that excess sugar. Um, ok, sounds like a great plan!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But if you’re not using your muscles (read: working out, moving, etc.) then that energy is actually going to turn into fat (well crap). “If you eat a ton of sugar and then lounge on the couch, your muscles are like, ‘Nah, no thanks.’ And that glucose mulls around a bit and ultimately gets stored as fat,” said Eberly. Oh no!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">On the contrary, if you eat sugar and then go for a 10-minute walk, your muscles are like, ‘Hey dude, thanks for the fuel,’ and they soak that glucose up. This doesn’t mean you need to hit up a HIIT class right after eating three cupcakes, it just means that if your body is moving, you’re using glucose. Best practice would be a nice walk for 15 to 20 minutes to counteract a sugar binge.</p>\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 a reminder, there are WAY healthier ways to feed your muscles glucose — so don’t do this on purpose!</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\">2. Water.</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\">Literally, we are trying to “water down” the glucose in your system. Think about a cocktail with no ice. They can be pretty strong—also I think they want to make it look like there’s more in that glass than there really is, just sayin’. If you add ice, or seltzer, you water down the drink and make it less potent. Same deal with the sugar in your bloodstream. Water dilutes the sugar.</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\">3. Time.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You feel that high coming from all of that sugar, but if you are like me, you also have some ill effects. You feel sluggish after that immediate rush. Does anyone else get “sweaters” on their teeth? Too&nbsp;much sugar makes a “coating” on my teeth that I just hate. And bad breath/bad taste in the mouth. Ugh! It’s just going to take some time. You have to let your system work it out. Employ steps 1 and 2, and you will be feeling a bit less of the ill effects, but it will still take time.</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\">4. Don’t do it!</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\">Having had that experience, learn from it, and try not to repeat it. Are there healthier snacks that you can keep in the house? Can you avoid buying the things that make you weak willed? How about making some alternative items that have a bit of a healthier profile, like home baked sweets with Stevia, coconut flour (high in protein), or almond flour?</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://eliteclubs.com/post-valentines-day-sweets-recovery/\">click here.</a></p>\n<!-- /wp:paragraph -->','Post Valentine’s Day Sweets Recovery Ideas','','inherit','closed','closed','','3007-revision-v1','','','2023-02-27 01:37:24','2023-02-27 01:37:24','',3007,'http://smartinsurance.tips/?p=3009',0,'revision','',0),(3010,1,'2023-02-27 01:47:37','2023-02-27 01:47:37','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In the past decade, carbon monoxide from generators has killed at least 770 people in the U.S. Here\'s how to use one safely.</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\":3011,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Generic-Tip.png\" alt=\"\" class=\"wp-image-3011\"/></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\">After a hurricane, tornado, or other storm interrupts your electricity, powering up a generator can help you get your household back on its feet. Even just a small unit that restarts your fridge, runs a few lights, and charges your phones and laptop can feel like a lifesaver.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But because you probably rarely rely on a generator, it’s easy to overlook the basic safety measures that should be routine with such equipment. It’s also easy to get preoccupied with the cleanup work that lies ahead, so you may even be tempted to run a generator in a living space if most of your house is severely water damaged and can’t be saved.</p>\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 ever do that.<br><br>Running a generator inside or too close to a living space can lead to death or injury from carbon monoxide (CO) poisoning as well as burn injuries resulting from contact with a hot generator. All these happen too often during power outages and storms.</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\">CO Can Kill in 5 Minutes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The greatest danger, according to the Consumer Product Safety Commission, is CO poisoning. Portable generators can produce deadly levels of carbon monoxide, a colorless, odorless, and tasteless gas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Carbon monoxide can kill you in as little as 5 minutes if the levels are high enough, according to safety guidelines from the National Institutes of Health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Data from the CPSC show that between 2011 and 2021, at least 770 people in the U.S. died of carbon monoxide poisoning while using portable generators. In 2021 alone, 52 people died in such accidents. And the CPSC says those figures are probably far greater because it’s still collecting data from 2020 and 2021.</p>\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 reduce the risk of carbon monoxide poisoning, some new portable generators feature a built-in sensor that triggers an automatic shutoff if CO builds up to dangerous levels in an enclosed space. Some also have engines that emit less CO in the first place. Recent test data from CR shows that these safety features are likely to save lives.</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\">Buy a Generator That Passes CR\'s Safety Test</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\">Consumer Reports only recommends portable generators that pass our CO Safety Technology test. For a generator to earn an Excellent rating on CO safety, it must have an integrated CO safety shutoff that triggers when the generator is used in an enclosed space. It must also not produce dangerous levels of CO emissions when used in the partly enclosed space that we use for our tests. Only one model we’ve tested, the moderate-sized Ryobi RYi4022X inverter generator, meets that criteria.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Models with a shutoff that works in an enclosed space but are able to produce higher levels of CO with the door open earn a rating of either Good or Very Good for this test, depending upon the levels of CO we record.<br><br>Any model without a CO safety shutoff will earn a rating of Poor and won’t be eligible to be recommended by CR. (There’s no Fair rating for CO safety technology.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you buy a new generator that implements these new safety standards or you’re running an older model without an auto shutoff, we strongly advise that you follow the safety advice below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Generator Safety Tips</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Never run a generator in an enclosed space or indoors. </strong>Most generator-related injuries and deaths involve CO poisoning from generators used indoors or in partly enclosed spaces. That includes a basement or garage, two spaces that can capture deadly levels of carbon monoxide. Always place the generator at least 20 feet from the house with the engine exhaust directed away from windows and doors.</p>\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 using a generator to keep the lights on during a cleanup effort, “use a working, battery-operated carbon monoxide detector at the same time,” says Ken Boyce,&nbsp;senior director, principal engineering at UL Solutions. “A carbon monoxide alarm provides one more layer of defense against making an innocent but potentially deadly mistake.”</p>\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>Don’t run a portable generator in the rain.&nbsp;</strong>You can buy tents for generators—that keep them shielded but still well ventilated—online and at home centers and hardware stores.</p>\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>Before refueling, turn off a gas-powered generator and let it cool.&nbsp;</strong>Gasoline spilled on a hot engine can ignite. Allowing the engine to cool also reduces the risk of burns while refueling.</p>\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>Stock up on extra gasoline and store it properly. </strong>When you think you’ll need to use the generator for an extended time, you’ll want extra fuel on hand. Just be sure to store gas only in an ANSI-approved container in a cool, well-ventilated place. Adding stabilizer to the gas in the can will help it last longer, but don’t store gasoline near any potential sources of heat or fire, or inside the house.</p>\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>Buy a generator with built-in CO safety technology. </strong>Many new generators have a device that detects dangerous levels of carbon monoxide and turns off the machine when levels climb too high. CR now recommends only generators with this potentially life-saving technology. That said, a generator with a safety shutoff still isn’t safe for use close to or inside a home. That’s because the sensor is at the generator itself and can only react to what it senses nearby, explains Misha Kollontai, the engineer who leads generator testing for Consumer Reports. “If the generator is spewing exhaust to another part of your home, CO levels there may rise to dangerous levels before the sensor registers much of anything,” he warns.</p>\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>Install a transfer switch before the next storm. </strong>This critical connection will cost from $500 to $900 with labor for a 5,000-rated-watt or larger generator. A transfer switch connects the generator to your circuit panel and lets you power hardwired appliances and avoid the safety risk of using extension cords for those with plugs. Most transfer switches also help you avoid overload by displaying wattage usage levels.</p>\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>Avoid electrical hazards.&nbsp;</strong>If you don’t yet have a transfer switch, you can use the outlets on the generator—providing you follow certain precautions. If you can, plug appliances directly into the generator. If you must use an extension cord, it should be a heavy-duty one for outdoor use, rated (in watts or amps) at least equal to the sum of the electrical load from each of the connected appliances. Check that the entire cord is free of cuts and that the plug has all three prongs, which is critical to protect against a shock if water has collected inside the equipment.</p>\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>Don’t attempt to backfeed your house. </strong>Backfeeding means trying to power your home’s wiring by plugging the generator into a wall outlet. Backfeeding is a reckless and dangerous practice, the CPSC says. It presents an electrocution risk to you as well as utility workers and neighbors served by the same utility transformer. It also bypasses some built-in household circuit protection devices, so you could end up frying some of your electronics or starting an electrical fire. The CPSC has urged consumers not to use, buy or sell the extension cords used to backfeed power because they’re so dangerous.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5 Safer Generators From CR\'s Tests</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\">These gas-powered, portable generators all have effective built-in CO safety technology, shutting off when unacceptable levels of CO are detected. They performed very well or excellently in other key tests as well. We’ve listed them from least to most powerful based on the claimed wattage each handles. Some of the models listed here are inverter generators, which are more expensive than traditional generators but run longer, quieter, and more efficiently.</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/generator/generator-safety-tips-to-get-you-through-a-storm-a1088725298/\">click here.</a></p>\n<!-- /wp:paragraph -->','Generator Safety Tips That Will Get You Through a Storm and Maybe Save Your Life','','publish','closed','closed','','generator-safety-tips-that-will-get-you-through-a-storm-and-maybe-save-your-life','','','2023-02-27 01:47:37','2023-02-27 01:47:37','',0,'http://smartinsurance.tips/?p=3010',0,'post','',0),(3011,1,'2023-02-27 01:41:32','2023-02-27 01:41:32','','Generic-Tip','','inherit','closed','closed','','generic-tip','','','2023-02-27 01:41:32','2023-02-27 01:41:32','',3010,'http://smartinsurance.tips/wp-content/uploads/2023/02/Generic-Tip.png',0,'attachment','image/png',0),(3012,1,'2023-02-27 01:47:37','2023-02-27 01:47:37','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In the past decade, carbon monoxide from generators has killed at least 770 people in the U.S. Here\'s how to use one safely.</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\":3011,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Generic-Tip.png\" alt=\"\" class=\"wp-image-3011\"/></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\">After a hurricane, tornado, or other storm interrupts your electricity, powering up a generator can help you get your household back on its feet. Even just a small unit that restarts your fridge, runs a few lights, and charges your phones and laptop can feel like a lifesaver.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But because you probably rarely rely on a generator, it’s easy to overlook the basic safety measures that should be routine with such equipment. It’s also easy to get preoccupied with the cleanup work that lies ahead, so you may even be tempted to run a generator in a living space if most of your house is severely water damaged and can’t be saved.</p>\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 ever do that.<br><br>Running a generator inside or too close to a living space can lead to death or injury from carbon monoxide (CO) poisoning as well as burn injuries resulting from contact with a hot generator. All these happen too often during power outages and storms.</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\">CO Can Kill in 5 Minutes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The greatest danger, according to the Consumer Product Safety Commission, is CO poisoning. Portable generators can produce deadly levels of carbon monoxide, a colorless, odorless, and tasteless gas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Carbon monoxide can kill you in as little as 5 minutes if the levels are high enough, according to safety guidelines from the National Institutes of Health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Data from the CPSC show that between 2011 and 2021, at least 770 people in the U.S. died of carbon monoxide poisoning while using portable generators. In 2021 alone, 52 people died in such accidents. And the CPSC says those figures are probably far greater because it’s still collecting data from 2020 and 2021.</p>\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 reduce the risk of carbon monoxide poisoning, some new portable generators feature a built-in sensor that triggers an automatic shutoff if CO builds up to dangerous levels in an enclosed space. Some also have engines that emit less CO in the first place. Recent test data from CR shows that these safety features are likely to save lives.</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\">Buy a Generator That Passes CR\'s Safety Test</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\">Consumer Reports only recommends portable generators that pass our CO Safety Technology test. For a generator to earn an Excellent rating on CO safety, it must have an integrated CO safety shutoff that triggers when the generator is used in an enclosed space. It must also not produce dangerous levels of CO emissions when used in the partly enclosed space that we use for our tests. Only one model we’ve tested, the moderate-sized Ryobi RYi4022X inverter generator, meets that criteria.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Models with a shutoff that works in an enclosed space but are able to produce higher levels of CO with the door open earn a rating of either Good or Very Good for this test, depending upon the levels of CO we record.<br><br>Any model without a CO safety shutoff will earn a rating of Poor and won’t be eligible to be recommended by CR. (There’s no Fair rating for CO safety technology.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether you buy a new generator that implements these new safety standards or you’re running an older model without an auto shutoff, we strongly advise that you follow the safety advice below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Generator Safety Tips</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Never run a generator in an enclosed space or indoors. </strong>Most generator-related injuries and deaths involve CO poisoning from generators used indoors or in partly enclosed spaces. That includes a basement or garage, two spaces that can capture deadly levels of carbon monoxide. Always place the generator at least 20 feet from the house with the engine exhaust directed away from windows and doors.</p>\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 using a generator to keep the lights on during a cleanup effort, “use a working, battery-operated carbon monoxide detector at the same time,” says Ken Boyce,&nbsp;senior director, principal engineering at UL Solutions. “A carbon monoxide alarm provides one more layer of defense against making an innocent but potentially deadly mistake.”</p>\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>Don’t run a portable generator in the rain.&nbsp;</strong>You can buy tents for generators—that keep them shielded but still well ventilated—online and at home centers and hardware stores.</p>\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>Before refueling, turn off a gas-powered generator and let it cool.&nbsp;</strong>Gasoline spilled on a hot engine can ignite. Allowing the engine to cool also reduces the risk of burns while refueling.</p>\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>Stock up on extra gasoline and store it properly. </strong>When you think you’ll need to use the generator for an extended time, you’ll want extra fuel on hand. Just be sure to store gas only in an ANSI-approved container in a cool, well-ventilated place. Adding stabilizer to the gas in the can will help it last longer, but don’t store gasoline near any potential sources of heat or fire, or inside the house.</p>\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>Buy a generator with built-in CO safety technology. </strong>Many new generators have a device that detects dangerous levels of carbon monoxide and turns off the machine when levels climb too high. CR now recommends only generators with this potentially life-saving technology. That said, a generator with a safety shutoff still isn’t safe for use close to or inside a home. That’s because the sensor is at the generator itself and can only react to what it senses nearby, explains Misha Kollontai, the engineer who leads generator testing for Consumer Reports. “If the generator is spewing exhaust to another part of your home, CO levels there may rise to dangerous levels before the sensor registers much of anything,” he warns.</p>\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>Install a transfer switch before the next storm. </strong>This critical connection will cost from $500 to $900 with labor for a 5,000-rated-watt or larger generator. A transfer switch connects the generator to your circuit panel and lets you power hardwired appliances and avoid the safety risk of using extension cords for those with plugs. Most transfer switches also help you avoid overload by displaying wattage usage levels.</p>\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>Avoid electrical hazards.&nbsp;</strong>If you don’t yet have a transfer switch, you can use the outlets on the generator—providing you follow certain precautions. If you can, plug appliances directly into the generator. If you must use an extension cord, it should be a heavy-duty one for outdoor use, rated (in watts or amps) at least equal to the sum of the electrical load from each of the connected appliances. Check that the entire cord is free of cuts and that the plug has all three prongs, which is critical to protect against a shock if water has collected inside the equipment.</p>\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>Don’t attempt to backfeed your house. </strong>Backfeeding means trying to power your home’s wiring by plugging the generator into a wall outlet. Backfeeding is a reckless and dangerous practice, the CPSC says. It presents an electrocution risk to you as well as utility workers and neighbors served by the same utility transformer. It also bypasses some built-in household circuit protection devices, so you could end up frying some of your electronics or starting an electrical fire. The CPSC has urged consumers not to use, buy or sell the extension cords used to backfeed power because they’re so dangerous.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5 Safer Generators From CR\'s Tests</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\">These gas-powered, portable generators all have effective built-in CO safety technology, shutting off when unacceptable levels of CO are detected. They performed very well or excellently in other key tests as well. We’ve listed them from least to most powerful based on the claimed wattage each handles. Some of the models listed here are inverter generators, which are more expensive than traditional generators but run longer, quieter, and more efficiently.</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/generator/generator-safety-tips-to-get-you-through-a-storm-a1088725298/\">click here.</a></p>\n<!-- /wp:paragraph -->','Generator Safety Tips That Will Get You Through a Storm and Maybe Save Your Life','','inherit','closed','closed','','3010-revision-v1','','','2023-02-27 01:47:37','2023-02-27 01:47:37','',3010,'http://smartinsurance.tips/?p=3012',0,'revision','',0),(3013,1,'2023-02-27 01:52:33','2023-02-27 01:52:33','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The single best way to reduce the risk of seasonal flu and its potentially serious complications is to get vaccinated each year, but good health habits like avoiding people who are sick, covering your cough and washing your hands often can help stop the spread of germs and prevent respiratory illnesses like flu. There also are flu antiviral drugs that can be used to treat and prevent flu.</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\":3014,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-1.png\" alt=\"\" class=\"wp-image-3014\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The tips and resources below will help you learn about actions you can take to protect yourself and others from flu and help stop the spread of germs.</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>Avoid close contact.</strong><br>Avoid close contact with people who are sick. When you are sick, keep your distance from others to protect them from getting sick too.</li><li><strong>Stay home when you are sick.<br></strong>If possible, stay home from work, school, and errands when you are sick. This will help prevent spreading your illness to others.</li><li><strong>Cover your mouth and nose.<br></strong>Cover your mouth and nose with a tissue when coughing or sneezing. It may prevent those around you from getting sick. Flu viruses spread mainly by droplets made when people with flu cough, sneeze or talk.</li><li><strong>Clean your hands.<br></strong>Washing your hands often will help protect you from germs. If soap and water are not available, use an alcohol-based hand rub.</li><li><strong>Avoid touching your eyes, nose or mouth.<br></strong>Germs can be spread when a person touches something that is contaminated with germs and then touches his or her eyes, nose, or mouth.</li><li><strong>Practice other good health habits.<br></strong>Clean and disinfect frequently touched surfaces at home, work or school, especially when someone is ill. Get plenty of sleep, be physically active, manage your stress, drink plenty of fluids, and eat nutritious food.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Preventing Flu at Work and School</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">At School</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>Find out about plans your child’s school, childcare program, and/or college has if an outbreak of flu or another illness occurs and whether flu vaccinations are offered on-site.</li><li>Make sure your child’s school, childcare program, and/or college routinely cleans frequently touched objects and surfaces, and that they have a good supply of tissues, soap, paper towels, alcohol-based hand rubs, and disposable wipes on-site.</li><li>Ask how sick students and staff are separated from others and who will care for them until they can go home, and about the absentee policy for sick students and staff.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">At Work</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>Find out about your employer’s plans if an outbreak of flu or another illness occurs and whether flu vaccinations are offered on-site.</li><li>Routinely clean frequently touched objects and surfaces, including doorknobs, keyboards, and phones, to help remove germs.</li><li>Make sure your workplace has an adequate supply of tissues, soap, paper towels, alcohol-based hand rubs, and disposable wipes.</li><li>Train others on how to do your job so they can cover for you in case you or a family member gets sick and you have to stay home.</li><li>If you begin to feel sick while at work, go home as soon as possible.</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.cdc.gov/flu/prevent/actions-prevent-flu.htm\">click here.</a></p>\n<!-- /wp:paragraph -->','Healthy Habits to Help Protect Against Flu','','publish','closed','closed','','healthy-habits-to-help-protect-against-flu','','','2023-02-27 01:52:33','2023-02-27 01:52:33','',0,'http://smartinsurance.tips/?p=3013',0,'post','',0),(3014,1,'2023-02-27 01:49:01','2023-02-27 01:49:01','','Insurance-1','','inherit','closed','closed','','insurance-1-10','','','2023-02-27 01:49:01','2023-02-27 01:49:01','',3013,'http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-1.png',0,'attachment','image/png',0),(3015,1,'2023-02-27 01:52:33','2023-02-27 01:52:33','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The single best way to reduce the risk of seasonal flu and its potentially serious complications is to get vaccinated each year, but good health habits like avoiding people who are sick, covering your cough and washing your hands often can help stop the spread of germs and prevent respiratory illnesses like flu. There also are flu antiviral drugs that can be used to treat and prevent flu.</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\":3014,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-1.png\" alt=\"\" class=\"wp-image-3014\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The tips and resources below will help you learn about actions you can take to protect yourself and others from flu and help stop the spread of germs.</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>Avoid close contact.</strong><br>Avoid close contact with people who are sick. When you are sick, keep your distance from others to protect them from getting sick too.</li><li><strong>Stay home when you are sick.<br></strong>If possible, stay home from work, school, and errands when you are sick. This will help prevent spreading your illness to others.</li><li><strong>Cover your mouth and nose.<br></strong>Cover your mouth and nose with a tissue when coughing or sneezing. It may prevent those around you from getting sick. Flu viruses spread mainly by droplets made when people with flu cough, sneeze or talk.</li><li><strong>Clean your hands.<br></strong>Washing your hands often will help protect you from germs. If soap and water are not available, use an alcohol-based hand rub.</li><li><strong>Avoid touching your eyes, nose or mouth.<br></strong>Germs can be spread when a person touches something that is contaminated with germs and then touches his or her eyes, nose, or mouth.</li><li><strong>Practice other good health habits.<br></strong>Clean and disinfect frequently touched surfaces at home, work or school, especially when someone is ill. Get plenty of sleep, be physically active, manage your stress, drink plenty of fluids, and eat nutritious food.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Preventing Flu at Work and School</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">At School</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>Find out about plans your child’s school, childcare program, and/or college has if an outbreak of flu or another illness occurs and whether flu vaccinations are offered on-site.</li><li>Make sure your child’s school, childcare program, and/or college routinely cleans frequently touched objects and surfaces, and that they have a good supply of tissues, soap, paper towels, alcohol-based hand rubs, and disposable wipes on-site.</li><li>Ask how sick students and staff are separated from others and who will care for them until they can go home, and about the absentee policy for sick students and staff.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">At Work</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>Find out about your employer’s plans if an outbreak of flu or another illness occurs and whether flu vaccinations are offered on-site.</li><li>Routinely clean frequently touched objects and surfaces, including doorknobs, keyboards, and phones, to help remove germs.</li><li>Make sure your workplace has an adequate supply of tissues, soap, paper towels, alcohol-based hand rubs, and disposable wipes.</li><li>Train others on how to do your job so they can cover for you in case you or a family member gets sick and you have to stay home.</li><li>If you begin to feel sick while at work, go home as soon as possible.</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.cdc.gov/flu/prevent/actions-prevent-flu.htm\">click here.</a></p>\n<!-- /wp:paragraph -->','Healthy Habits to Help Protect Against Flu','','inherit','closed','closed','','3013-revision-v1','','','2023-02-27 01:52:33','2023-02-27 01:52:33','',3013,'http://smartinsurance.tips/?p=3015',0,'revision','',0),(3016,1,'2023-02-27 02:10:10','2023-02-27 02:10:10','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3017,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-2.png\" alt=\"\" class=\"wp-image-3017\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">If you’re driving during the day and in conditions of high visibility, spotting and avoiding a pothole is easy—if you’re paying attention, and if the road is relatively empty. But if it’s a dark and stormy night, or if you’re messing with the radio dial, you might hear that sickening “Clunk! Crunch!” that means something bad has happened to your vehicle.</p>\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_1-0-2\">In the vast majority of cases, being startled is the only damage you will incur if you go over a pothole. It might put you in a grumpy mood, but it’s not going to cause any long-term damage. However, if the pothole is particularly deep or if you’re going too fast, you might be left with some dents and scratches on your vehicle—or worse.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>Key Takeaways</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>While it\'s easy to file a pothole damage claim, it may be more trouble than it\'s worth and may increase your insurance rates.</li><li>A pothole damage claim is considered a single-car accident, which is filed as an at-fault accident by your insurance carrier.</li><li>Depending on the area you live in, it may be possible to get reimbursement from the county, city, or state that had responsibility for the pothole.</li><li>Whether you are filing a claim with your insurance or the government, documentation is essential.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Pothole damage to your vehicle can easily be extended. Damage to the vehicle’s tires, hubcaps, struts, and alignment can quickly add up, leaving some drivers with repairs costing up to a thousand dollars or more. Filing a pothole damage claim is easy, but whether or not you should do so is something you should consider.</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_1-0-7\">How a Pothole Damage Claim Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">A pothole damage claim is a single-car accident, which is filed as an at-fault accident by your insurance carrier. Hitting a pothole is considered a collision. Your collision deductible will apply, and your rates could go up at your next renewal due to filing an at-fault claim. Sometimes, the damage sustained is a lower dollar amount than your deductible, which would make filing a claim irrelevant.</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_1-0-10\">An Alternative To Filing a 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\" id=\"mntl-sc-block_1-0-11\">First, determine whether the road is a city, county, or state road. Depending on the area you live in, it\'s possible to get reimbursement. Of course, it can be a lengthy process, so be prepared to pay the cost up front.</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_1-0-1\">Note: If your car only suffered some minor dings and scratches (if that), you are definitely better off skipping any official claim process altogether—it’s just not worth the time and energy.</h3>\n<!-- /wp:heading -->\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\">Tips for City, County, or State Pothole Damage Reimbursement</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_1-0-15\">Whether you are filing a claim with your insurance or the government, three things are essential: Documentation, documentation, documentation!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-17\" class=\"has-black-color has-text-color has-large-font-size\"><li>Take a photo of the pothole at the time of the incident.</li><li>Take a photo of the damage done to your vehicle.</li><li>Note the date and time of the accident.</li><li>Get at least two estimates from two different mechanics</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-19\">It\'s easier to file damage claims in some states than in others. Many states require you to provide proof that the road commission knew of the pothole for 30 days or more and did nothing to repair it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-21\">Prevent Pothole Damage Before It Occurs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-22\">Of course, there are several steps you can take that can help you avoid any of this, well before an unfortunate situation happens.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">Make sure to pay attention to the road when you’re driving. It’s not just about where you’re going, but also what’s on the ground.</p>\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\">Talk to local officials if there is a problem. If your neighborhood is particularly pothole-riddled, sometimes a few calls to public officials can get the problem fixed, saving you—and countless other drivers—the headache and hassle of pothole damage. Most major cities have a dedicated line for dealing with such complaints, but for small cities, perhaps just going to City Hall will fix the problem. In 2022, the era of social media, a little bit of Facebook or Twitter lobbying never hurt anyone.</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_1-0-28\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How much damage can a pothole cause?</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\">Potholes can cause serious damage to your vehicle. If you hit a bad one, you may need anything from a simple flat-tire fix to extensive wheel and suspension repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How can I tell if my car has pothole damage?</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 hit a pothole, check your vehicle for signs of damage. These may include a bulging or flat tire, bent rims, issues driving straight, a low vehicle front end, shaking or rumbling while driving, fluid leakage, or strange noises from the exhaust.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/pothole-damage-claim-527103\">click here.</a></p>\n<!-- /wp:paragraph -->','How To File a Pothole Damage Claim','','publish','closed','closed','','how-to-file-a-pothole-damage-claim','','','2023-02-27 02:10:10','2023-02-27 02:10:10','',0,'http://smartinsurance.tips/?p=3016',0,'post','',0),(3017,1,'2023-02-27 01:55:49','2023-02-27 01:55:49','','Insurance-2','','inherit','closed','closed','','insurance-2-10','','','2023-02-27 01:55:49','2023-02-27 01:55:49','',3016,'http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-2.png',0,'attachment','image/png',0),(3018,1,'2023-02-27 02:10:10','2023-02-27 02:10:10','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3017,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-2.png\" alt=\"\" class=\"wp-image-3017\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">If you’re driving during the day and in conditions of high visibility, spotting and avoiding a pothole is easy—if you’re paying attention, and if the road is relatively empty. But if it’s a dark and stormy night, or if you’re messing with the radio dial, you might hear that sickening “Clunk! Crunch!” that means something bad has happened to your vehicle.</p>\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_1-0-2\">In the vast majority of cases, being startled is the only damage you will incur if you go over a pothole. It might put you in a grumpy mood, but it’s not going to cause any long-term damage. However, if the pothole is particularly deep or if you’re going too fast, you might be left with some dents and scratches on your vehicle—or worse.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>Key Takeaways</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>While it\'s easy to file a pothole damage claim, it may be more trouble than it\'s worth and may increase your insurance rates.</li><li>A pothole damage claim is considered a single-car accident, which is filed as an at-fault accident by your insurance carrier.</li><li>Depending on the area you live in, it may be possible to get reimbursement from the county, city, or state that had responsibility for the pothole.</li><li>Whether you are filing a claim with your insurance or the government, documentation is essential.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Pothole damage to your vehicle can easily be extended. Damage to the vehicle’s tires, hubcaps, struts, and alignment can quickly add up, leaving some drivers with repairs costing up to a thousand dollars or more. Filing a pothole damage claim is easy, but whether or not you should do so is something you should consider.</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_1-0-7\">How a Pothole Damage Claim Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">A pothole damage claim is a single-car accident, which is filed as an at-fault accident by your insurance carrier. Hitting a pothole is considered a collision. Your collision deductible will apply, and your rates could go up at your next renewal due to filing an at-fault claim. Sometimes, the damage sustained is a lower dollar amount than your deductible, which would make filing a claim irrelevant.</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_1-0-10\">An Alternative To Filing a 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\" id=\"mntl-sc-block_1-0-11\">First, determine whether the road is a city, county, or state road. Depending on the area you live in, it\'s possible to get reimbursement. Of course, it can be a lengthy process, so be prepared to pay the cost up front.</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_1-0-1\">Note: If your car only suffered some minor dings and scratches (if that), you are definitely better off skipping any official claim process altogether—it’s just not worth the time and energy.</h3>\n<!-- /wp:heading -->\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\">Tips for City, County, or State Pothole Damage Reimbursement</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_1-0-15\">Whether you are filing a claim with your insurance or the government, three things are essential: Documentation, documentation, documentation!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-17\" class=\"has-black-color has-text-color has-large-font-size\"><li>Take a photo of the pothole at the time of the incident.</li><li>Take a photo of the damage done to your vehicle.</li><li>Note the date and time of the accident.</li><li>Get at least two estimates from two different mechanics</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-19\">It\'s easier to file damage claims in some states than in others. Many states require you to provide proof that the road commission knew of the pothole for 30 days or more and did nothing to repair it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-21\">Prevent Pothole Damage Before It Occurs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-22\">Of course, there are several steps you can take that can help you avoid any of this, well before an unfortunate situation happens.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">Make sure to pay attention to the road when you’re driving. It’s not just about where you’re going, but also what’s on the ground.</p>\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\">Talk to local officials if there is a problem. If your neighborhood is particularly pothole-riddled, sometimes a few calls to public officials can get the problem fixed, saving you—and countless other drivers—the headache and hassle of pothole damage. Most major cities have a dedicated line for dealing with such complaints, but for small cities, perhaps just going to City Hall will fix the problem. In 2022, the era of social media, a little bit of Facebook or Twitter lobbying never hurt anyone.</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_1-0-28\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How much damage can a pothole cause?</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\">Potholes can cause serious damage to your vehicle. If you hit a bad one, you may need anything from a simple flat-tire fix to extensive wheel and suspension repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\">How can I tell if my car has pothole damage?</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 hit a pothole, check your vehicle for signs of damage. These may include a bulging or flat tire, bent rims, issues driving straight, a low vehicle front end, shaking or rumbling while driving, fluid leakage, or strange noises from the exhaust.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/pothole-damage-claim-527103\">click here.</a></p>\n<!-- /wp:paragraph -->','How To File a Pothole Damage Claim','','inherit','closed','closed','','3016-revision-v1','','','2023-02-27 02:10:10','2023-02-27 02:10:10','',3016,'http://smartinsurance.tips/?p=3018',0,'revision','',0),(3019,1,'2023-02-27 04:05:56','2023-02-27 04:05:56','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">What to Expect and How to Negotiate With the Insurance Company.</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\":3020,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-3.png\" alt=\"\" class=\"wp-image-3020\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Owning a home and keeping up with repairs isn\'t always easy. In a 2020 study, more than half of homeowners reported having to do an emergency home project each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-2\">But what if your insurance company tells you it is going to cancel coverage because you didn\'t comply with a recommendation or do repairs? Here\'s what you need to know to help protect your coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">What Makes an Insurance Company Require Repairs on a Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Requests by your insurer for you to do a repair will usually come following one of three things:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol id=\"mntl-sc-block_1-0-7\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Home inspection:</strong> The company may have made recommendations after a home inspection. These can relate to liability issues, general maintenance, prevention, or safety.</li><li><strong>Follow up on application:</strong> It could be due to questions you answered or comments you made during your application. Is your roof old? Is your plumbing, electrical box, or water tank up to date? Some companies may have requirements that you have to fulfill before they will insure you.</li><li><strong>Risk after a claim:</strong> Sometimes, as a result of a claim, the insurer becomes aware of a risk in your home. They have already paid out on a loss; it is normal for them to make suggestions to prevent further losses or claims.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-9\">Do You Have to Do What Your Insurer Asks?</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_1-0-10\">If the insurance company has made a recommendation, ask them if it is mandatory or a suggestion. If it\'s just suggested, you may not have to do it. They are tips for your safety. These suggestive recommendations should not put your policy at risk. If you are not sure whether what the insurer has asked you to do is mandatory, call and get clarification.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Tip: Don\'t put it off until the last minute. You need the time to find out what is required of you; you deserve to know as soon as possible.</p>\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_1-0-13\">If the insurer asks you to do a repair that is mandatory, it is a requirement of your insurance contract.</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_1-0-15\">Tips to Help You With Insurance Company Demands</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_1-0-16\">Failure to comply within the timeline your insurer has provided may put you in a position where:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol id=\"mntl-sc-block_1-0-18\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You may not be renewed.</strong> This means you are canceled on the renewal or expiration date of the policy. This is also called nonrenewal.</li><li><strong>The insurer may cancel your policy mid-term.</strong> This means the company cancels it before it expires if the situation is critical enough. Mid-term cancellations are serious. Before you get canceled, you will receive a clear notification. Do not put off responding to these types of notifications. </li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-20\">Problems With Having Your Insurance Cancelled</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_1-0-21\">Insurance is often a condition of having a mortgage. It depends on the type of mortgage you have and the size of your down payment.</p>\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_1-0-23\">Many people find themselves in very difficult situations when an insurance company cancels them. For instance, let\'s say your insurance is canceled due to non-payment. This can impact your future insurability. It affects your insurance score, which is partly based on payment history. This can cost you and make you pay higher rates of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">Think about the reason why you haven\'t done the repairs to your home. You may have a few options about how you can fight with your insurance company. The goal is to prevent them from canceling you due to incomplete repairs.</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_1-0-27\">Tips for Negotiating With Your Insurer When You Disagree</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_1-0-28\">If you don\'t agree with the repairs your insurer is asking you to do, it may not be easy to convince them they are wrong. One way to present a strong argument is to get a second opinion from a licensed professional.</p>\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_1-0-30\">If your insurance company asks you to replace your roof because it is too old, for instance, get a professional roofer to do a roof inspection. Is the insurer asking you to install a handrail where you don\'t think it is needed? Call your local city inspector; then, ask them about handrail requirements. If you meet the safety standards, ask for a report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-32\">Insurance companies often question the safety of the electrical wiring in homes. Certain types of wiring found in old houses, such as knob and tube wiring, can be dangerous.</p>\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_1-0-34\">Your insurance company may think your electrical box needs to be replaced. There have been many cases of fires starting due to overloaded electrical boxes. This is especially true these days; you likely have many appliances turned on at once. The power supply needed in the 1950s or even the 1980s was quite low, compared to what is needed now.</p>\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_1-0-36\">The average person can\'t argue with these things, but you could hire a professional electrician to check your wiring or electrical box. If the expert is willing to confirm that it will be fine for another few years, you can share this with your insurance company. Then, ask them to reassess.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-38\">Insurance companies know that professionals will not risk their license to give false assessments. This is why a second opinion may help you change your insurer\'s mind.</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_1-0-40\">Why Do You Need to Justify Everything?</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_1-0-41\">It can be frustrating to deal with the insurance company, but we do not always have the expertise needed to judge the risks for ourselves. It is hard to take an insurance company telling you what to do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Tip: If your arguments are valid, hire a professional that will support your opinion.</p>\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\">When you negotiate insurance, you\'re negotiating a contract agreement. It needs to remain professional. It isn\'t personal, even if it might feel that way.</p>\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_1-0-46\">Keep this in mind: You expect the insurance company to pay you hundreds of thousands of dollars if you have a major claim. This is why it has a right to protect its investment by asking for critical repairs to be completed as a condition of your 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_1-0-48\">Think about how much money you expect an insurance company to give you if something goes wrong. This should make it easier to understand why it has these demands. Keeping open communication with your insurance company will make things easier. It can also help you stay insured at the lowest prices possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/insurance-canceled-lacking-repairs-2645716\">click here.</a></p>\n<!-- /wp:paragraph -->','Tips if Your Insurance Is Being Canceled After You Did Not Do Repairs','','publish','closed','closed','','tips-if-your-insurance-is-being-canceled-after-you-did-not-do-repairs','','','2023-02-27 04:05:56','2023-02-27 04:05:56','',0,'http://smartinsurance.tips/?p=3019',0,'post','',0),(3020,1,'2023-02-27 02:24:37','2023-02-27 02:24:37','','Insurance-3','','inherit','closed','closed','','insurance-3-6','','','2023-02-27 02:24:37','2023-02-27 02:24:37','',3019,'http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-3.png',0,'attachment','image/png',0),(3021,1,'2023-02-27 04:05:56','2023-02-27 04:05:56','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">What to Expect and How to Negotiate With the Insurance Company.</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\":3020,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-3.png\" alt=\"\" class=\"wp-image-3020\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Owning a home and keeping up with repairs isn\'t always easy. In a 2020 study, more than half of homeowners reported having to do an emergency home project each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-2\">But what if your insurance company tells you it is going to cancel coverage because you didn\'t comply with a recommendation or do repairs? Here\'s what you need to know to help protect your coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">What Makes an Insurance Company Require Repairs on a Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Requests by your insurer for you to do a repair will usually come following one of three things:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol id=\"mntl-sc-block_1-0-7\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Home inspection:</strong> The company may have made recommendations after a home inspection. These can relate to liability issues, general maintenance, prevention, or safety.</li><li><strong>Follow up on application:</strong> It could be due to questions you answered or comments you made during your application. Is your roof old? Is your plumbing, electrical box, or water tank up to date? Some companies may have requirements that you have to fulfill before they will insure you.</li><li><strong>Risk after a claim:</strong> Sometimes, as a result of a claim, the insurer becomes aware of a risk in your home. They have already paid out on a loss; it is normal for them to make suggestions to prevent further losses or claims.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-9\">Do You Have to Do What Your Insurer Asks?</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_1-0-10\">If the insurance company has made a recommendation, ask them if it is mandatory or a suggestion. If it\'s just suggested, you may not have to do it. They are tips for your safety. These suggestive recommendations should not put your policy at risk. If you are not sure whether what the insurer has asked you to do is mandatory, call and get clarification.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Tip: Don\'t put it off until the last minute. You need the time to find out what is required of you; you deserve to know as soon as possible.</p>\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_1-0-13\">If the insurer asks you to do a repair that is mandatory, it is a requirement of your insurance contract.</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_1-0-15\">Tips to Help You With Insurance Company Demands</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_1-0-16\">Failure to comply within the timeline your insurer has provided may put you in a position where:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol id=\"mntl-sc-block_1-0-18\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>You may not be renewed.</strong> This means you are canceled on the renewal or expiration date of the policy. This is also called nonrenewal.</li><li><strong>The insurer may cancel your policy mid-term.</strong> This means the company cancels it before it expires if the situation is critical enough. Mid-term cancellations are serious. Before you get canceled, you will receive a clear notification. Do not put off responding to these types of notifications. </li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-20\">Problems With Having Your Insurance Cancelled</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_1-0-21\">Insurance is often a condition of having a mortgage. It depends on the type of mortgage you have and the size of your down payment.</p>\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_1-0-23\">Many people find themselves in very difficult situations when an insurance company cancels them. For instance, let\'s say your insurance is canceled due to non-payment. This can impact your future insurability. It affects your insurance score, which is partly based on payment history. This can cost you and make you pay higher rates of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">Think about the reason why you haven\'t done the repairs to your home. You may have a few options about how you can fight with your insurance company. The goal is to prevent them from canceling you due to incomplete repairs.</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_1-0-27\">Tips for Negotiating With Your Insurer When You Disagree</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_1-0-28\">If you don\'t agree with the repairs your insurer is asking you to do, it may not be easy to convince them they are wrong. One way to present a strong argument is to get a second opinion from a licensed professional.</p>\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_1-0-30\">If your insurance company asks you to replace your roof because it is too old, for instance, get a professional roofer to do a roof inspection. Is the insurer asking you to install a handrail where you don\'t think it is needed? Call your local city inspector; then, ask them about handrail requirements. If you meet the safety standards, ask for a report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-32\">Insurance companies often question the safety of the electrical wiring in homes. Certain types of wiring found in old houses, such as knob and tube wiring, can be dangerous.</p>\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_1-0-34\">Your insurance company may think your electrical box needs to be replaced. There have been many cases of fires starting due to overloaded electrical boxes. This is especially true these days; you likely have many appliances turned on at once. The power supply needed in the 1950s or even the 1980s was quite low, compared to what is needed now.</p>\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_1-0-36\">The average person can\'t argue with these things, but you could hire a professional electrician to check your wiring or electrical box. If the expert is willing to confirm that it will be fine for another few years, you can share this with your insurance company. Then, ask them to reassess.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-38\">Insurance companies know that professionals will not risk their license to give false assessments. This is why a second opinion may help you change your insurer\'s mind.</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_1-0-40\">Why Do You Need to Justify Everything?</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_1-0-41\">It can be frustrating to deal with the insurance company, but we do not always have the expertise needed to judge the risks for ourselves. It is hard to take an insurance company telling you what to do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Tip: If your arguments are valid, hire a professional that will support your opinion.</p>\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\">When you negotiate insurance, you\'re negotiating a contract agreement. It needs to remain professional. It isn\'t personal, even if it might feel that way.</p>\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_1-0-46\">Keep this in mind: You expect the insurance company to pay you hundreds of thousands of dollars if you have a major claim. This is why it has a right to protect its investment by asking for critical repairs to be completed as a condition of your 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_1-0-48\">Think about how much money you expect an insurance company to give you if something goes wrong. This should make it easier to understand why it has these demands. Keeping open communication with your insurance company will make things easier. It can also help you stay insured at the lowest prices possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/insurance-canceled-lacking-repairs-2645716\">click here.</a></p>\n<!-- /wp:paragraph -->','Tips if Your Insurance Is Being Canceled After You Did Not Do Repairs','','inherit','closed','closed','','3019-revision-v1','','','2023-02-27 04:05:56','2023-02-27 04:05:56','',3019,'http://smartinsurance.tips/?p=3021',0,'revision','',0),(3022,1,'2023-02-27 04:09:00','2023-02-27 04:09:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3023,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-5.png\" alt=\"\" class=\"wp-image-3023\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-1\">Uninsurable property is a home that is not eligible for insurance through the Federal Housing Administration (FHA) because it is in need of extensive repairs. An uninsurable property is typically ineligible for a mortgage through the FHA; however, in certain cases, the individual purchasing the home may qualify for alternative FHA financing options.</p>\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\">More generally, uninsurable property may refer to any real estate or other personal property that an insurer decides not to cover.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>In the housing market, an uninsurable property is one that the FHA refuses to insure.</li><li>Most often, this is due to the home being in unlivable condition and/or needing extensive repairs.</li><li>While the FHA will not insure such homes, private insurance companies may, but will typically come with higher premiums due to the property\'s added risk.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-7\">Understanding Uninsurable Property</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">The insurance and mortgages offered through FHA come with certain requirements on the condition of the property in the transaction. If the repairs required to meet those requirements are more than the limit set by the FHA, the property will not be accepted into the program. Repairs on housing may be necessary because of damage from fires, storms, or age that has made parts of the property fall below standards.</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_1-0-10\">How Uninsurable Property Is&nbsp;Treated by Private Sector 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\" id=\"mntl-sc-block_1-0-11\">Other insurers aside from FHA might not insure a property because of specific items that must be tended to, such as trees that are dead or pose a risk of collapse on the property and need to be removed. Exposed and outdated wiring, as well as other infrastructure issues could cause an insurer to deny coverage. The presence of a swimming pool could pose an issue that insurers may not want to cover, unless the property includes certain features such as a fence to enclose and secure the pool from outsiders.</p>\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_1-0-13\">When a home is inspected in conjunction with a sale, an inspector will assess the property but it may still be necessary to ask direct questions about the insurability of the housing along with any issues that stand out. If a homebuyer does not remain attentive to such problematic possibilities, they may be caught in a deal for a property they cannot secure insurance for. If the property owner plans to make repairs to come into compliance, there may be policies available that cover the presence of workers who will be on the property to make those repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Department of Housing and Urban Development (HUD) homes must be appraised and inspected before they can be listed for bidding. The homes typically fall into one of three categories: insurable, insurable with repair escrow or uninsurable. Any HUD home that is uninsurable will generally have to secure other-than-FHA financing. In certain instances, however, HUD will provide financing for the purchase of an uninsurable property through its FHA 203K loan financing program. These are rehab mortgages where the lender rolls the repairs costs into the mortgage. These homes usually sell at a large discount and are not offered through conventional financing because of their condition.</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/u/uninsurable-property.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Uninsurable Property?','','publish','closed','closed','','what-is-uninsurable-property','','','2023-02-27 04:09:00','2023-02-27 04:09:00','',0,'http://smartinsurance.tips/?p=3022',0,'post','',0),(3023,1,'2023-02-27 04:06:48','2023-02-27 04:06:48','','Insurance-5','','inherit','closed','closed','','insurance-5-10','','','2023-02-27 04:06:48','2023-02-27 04:06:48','',3022,'http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-5.png',0,'attachment','image/png',0),(3024,1,'2023-02-27 04:09:00','2023-02-27 04:09:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3023,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-5.png\" alt=\"\" class=\"wp-image-3023\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-1\">Uninsurable property is a home that is not eligible for insurance through the Federal Housing Administration (FHA) because it is in need of extensive repairs. An uninsurable property is typically ineligible for a mortgage through the FHA; however, in certain cases, the individual purchasing the home may qualify for alternative FHA financing options.</p>\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\">More generally, uninsurable property may refer to any real estate or other personal property that an insurer decides not to cover.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>KEY TAKEAWAYS</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>In the housing market, an uninsurable property is one that the FHA refuses to insure.</li><li>Most often, this is due to the home being in unlivable condition and/or needing extensive repairs.</li><li>While the FHA will not insure such homes, private insurance companies may, but will typically come with higher premiums due to the property\'s added risk.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-7\">Understanding Uninsurable Property</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">The insurance and mortgages offered through FHA come with certain requirements on the condition of the property in the transaction. If the repairs required to meet those requirements are more than the limit set by the FHA, the property will not be accepted into the program. Repairs on housing may be necessary because of damage from fires, storms, or age that has made parts of the property fall below standards.</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_1-0-10\">How Uninsurable Property Is&nbsp;Treated by Private Sector 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\" id=\"mntl-sc-block_1-0-11\">Other insurers aside from FHA might not insure a property because of specific items that must be tended to, such as trees that are dead or pose a risk of collapse on the property and need to be removed. Exposed and outdated wiring, as well as other infrastructure issues could cause an insurer to deny coverage. The presence of a swimming pool could pose an issue that insurers may not want to cover, unless the property includes certain features such as a fence to enclose and secure the pool from outsiders.</p>\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_1-0-13\">When a home is inspected in conjunction with a sale, an inspector will assess the property but it may still be necessary to ask direct questions about the insurability of the housing along with any issues that stand out. If a homebuyer does not remain attentive to such problematic possibilities, they may be caught in a deal for a property they cannot secure insurance for. If the property owner plans to make repairs to come into compliance, there may be policies available that cover the presence of workers who will be on the property to make those repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Department of Housing and Urban Development (HUD) homes must be appraised and inspected before they can be listed for bidding. The homes typically fall into one of three categories: insurable, insurable with repair escrow or uninsurable. Any HUD home that is uninsurable will generally have to secure other-than-FHA financing. In certain instances, however, HUD will provide financing for the purchase of an uninsurable property through its FHA 203K loan financing program. These are rehab mortgages where the lender rolls the repairs costs into the mortgage. These homes usually sell at a large discount and are not offered through conventional financing because of their condition.</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/u/uninsurable-property.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Uninsurable Property?','','inherit','closed','closed','','3022-revision-v1','','','2023-02-27 04:09:00','2023-02-27 04:09:00','',3022,'http://smartinsurance.tips/?p=3024',0,'revision','',0),(3025,1,'2023-02-27 04:14:28','2023-02-27 04:14:28','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3026,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-6.png\" alt=\"\" class=\"wp-image-3026\"/></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\">You may not know how important your driveway is until it is no longer there. A clean and effective driveway, as the principal entrance to your home, can either enhance the aesthetics of your property or be required to climb up the hill you live on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In either case, knowing whether, when, and how your homeowner’s insurance covers your driveway could be beneficial. Let’s have a look at the ins and outs of these situations so you can know what to expect.</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\">Does Homeowners Insurance Cover Damaged Driveways?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your driveway is most likely covered under your policy’s dwelling (Coverage A) or other structures (Coverage B) sections.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your home insurance policy’s dwelling coverage protects the structure of your home and everything permanently attached to it, such as decks and porches. If your garage is attached to your house and your driveway is connected to it, it’s most certainly covered under your homeowner’s insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your driveway leads to a detached garage or carport, it may fall within the other structures section of your policy, but it should still be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The HO-3 form, which is the most prevalent type of homeowners insurance coverage, protects you from over a dozen stated probable causes of harm. Damage from fire, hail and hurricanes are just a few of the covered perils that could harm your driveway.</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\">What If Your Driveway Isn’t Covered?</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\">Insurance does not, however, cover all types of weather-related damage. Homeowners insurance does not cover floods or earth movements, which are two of the most common causes of driveway 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\">You’re probably not protected if your driveway crumbled or shifted because the earth beneath it shifted. Furthermore, your provider will not reimburse you if your driveway was washed out by rain or harmed in some other way by a flood.</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\">When Your Insurance Doesn’t Cover Your Driveway</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You wouldn’t be covered either if the damage happened gradually over time or if it was inflicted by someone who lives in the residence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, if you wear out your driveway over time by parking and driving your car in the same spot, your insurance will not cover the cost because you caused the problem via normal wear and use.</p>\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 many places of the United States, asphalt driveways are common. If they’re exposed to the light every day, they’ll eventually crack.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">They’re also vulnerable to harm if the earth beneath them shifts due to water. These incidents would not be covered either since they were not unexpected and the damage might be classified as normal wear and tear.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another improbable but potential reason for coverage denial is if your driveway connects to a detached garage or shed where you do business. Your insurer may view it as a part of your home’s structure rather than a part of your business, which necessitates different insurance coverage than a homeowners 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\">Is Driveway Replacement Or Repair Covered By Homeowners 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 file a claim after your driveway is damaged by a covered risk, your homeowner’s insurance should compensate you for a new one.&nbsp;Let’s imagine your driveway is ripped apart by a tornado or a tree falls on it after a major storm. Both of these scenarios are usually covered by a homeowner’s insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If the damage exceeds your deductible, you can make a claim, and your insurance company will either refund you for the entire driveway or replace the damaged portion.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your supplier should also cover debris removal, so you should be covered for removing the old driveway (or the fallen tree that’s on it).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When it comes to replacing your driveway, be sure you understand if your policy will cover the driveway’s real cash value or its replacement cost. Another improbable but potential reason for coverage denial is if your driveway connects to a detached garage or shed where you do business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your insurer may view it as a part of your home’s structure rather than a part of your business, which necessitates different insurance coverage than a homeowners 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 Much Does It Cost To Repair A Damaged Driveway?</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 discover that your particular situation isn’t covered by homeowners insurance then you’ll need to come up with the costs yourself. But, how much will this cost 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\">The cost to repair a damaged driveway depends on the type of driveway you have. Here are the following overall prices for driveway repair:</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>Concrete: $300 – $3,000</strong></li><li><strong>Brick: $500 – $1,200</strong></li><li><strong>Heated: $500 – $6,000</strong></li><li><strong>Gravel: $5 – $500</strong></li><li><strong>Asphalt: $250 – $800</strong></li><li><strong>Cobblestone: $600 – $1,200</strong></li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Price Per Square Foot For Driveway Repair</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 can see, the price for driveway repair is highly variable depending on the material that you use. To get a better idea of how much it will cost you, it’s best to figure out the square footage of your driveway:</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>Concrete</strong><ul><li><strong>Resurfacing</strong>: $3 to $7 per sq ft</li><li><strong>Crack Repair</strong>: $5 to $10 per sq ft</li><li><strong>Sealant</strong>: $8 to $12 per sq ft</li></ul></li><li><strong>Brick</strong><ul><li><strong>Brick Pavers:&nbsp;</strong>$0.50 to $1.80 per brick or $2 to $8 per sq ft</li><li><strong>Tree Removal:&nbsp;</strong>$320 to $800</li></ul></li><li><strong>Heated</strong><ul><li><strong>Radiant heating tubes:&nbsp;</strong>$4 to $12 per sq ft</li><li><strong>Boiler Replacement:&nbsp;</strong>$1,200 to $6,000</li></ul></li><li><strong>Gravel</strong><ul><li><strong>Re-grading:&nbsp;</strong>$0.50 to $2.20 per sq ft</li><li><strong>Resurfacing:&nbsp;</strong>$0.25 to $0.75 per sq ft</li><li><strong>Patchwork:&nbsp;</strong>$2 to $8 per bag of gravel</li></ul></li><li><strong>Asphalt</strong><ul><li><strong>Potholes:</strong>&nbsp;$100 to $400</li><li><strong>Hot and cold patching:</strong>&nbsp;$2 to $5 per sq ft</li><li><strong>Saw-cut Repairs:</strong>&nbsp;$4 to $12 per sq ft</li></ul></li><li><strong>Cobblestone</strong><ul><li><strong>Individual stone replacement:&nbsp;</strong>$8 to $20 per sq ft</li><li><strong>Sand:&nbsp;</strong>$3 to $5 per sq ft</li><li><strong>Re-leveling:&nbsp;</strong>$6 to $12 per sq ft</li></ul></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\">Knowing the elements of each cost will help you to be able to narrow down the cost for your project. It’s best to estimate this, and if your driveway is at high risk for damage then set aside that amount so you have it in the event that your insurance doesn’t cover the damage.</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\">Related Questions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":4,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h4 class=\"has-black-color has-text-color has-large-font-size\">Is a driveway regarded as a separate structure?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Other Structures – a section of a homeowner’s policy that covers structures on the property that are isolated from the dwelling by a clear area or connected to the dwelling by a fence, utility line, or other similar connection. A detached garage, tool shed, driveway, swimming pool, gazebo, or fence are all examples.</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\">What kind of damages aren’t covered by homeowner’s insurance?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Damage caused by termites and insects, birds or rodents, rust, rot, mold, and regular wear and tear is not covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Damage from pollution or smoke generated by industrial or agricultural activity is also not covered. If something is poorly manufactured or has a concealed fault, it will almost always be excluded from coverage.</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\">Is driveway repair covered by homeowners insurance?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If a covered risk, such as a natural disaster or vandalism, caused the fracture in the driveway, home insurance may cover the cost of repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Assume a storm toppled a massive tree, cracking your driveway. In some circumstances, where an unexpected incident occurs, the homeowner’s insurance policy will cover it.</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://upgradedhome.com/does-homeowners-insurance-cover-driveway-damage/\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Driveway Damage?','','publish','closed','closed','','does-homeowners-insurance-cover-driveway-damage','','','2023-02-27 04:14:28','2023-02-27 04:14:28','',0,'http://smartinsurance.tips/?p=3025',0,'post','',0),(3026,1,'2023-02-27 04:09:52','2023-02-27 04:09:52','','Insurance-6','','inherit','closed','closed','','insurance-6-10','','','2023-02-27 04:09:52','2023-02-27 04:09:52','',3025,'http://smartinsurance.tips/wp-content/uploads/2023/02/Insurance-6.png',0,'attachment','image/png',0),