(3469,1,'2023-09-26 23:46:49','2023-09-26 23:46:49','<!-- wp:image {\"id\":3468,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-39-1024x536.png\" alt=\"\" class=\"wp-image-3468\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">We love Halloween. What other night can you dress like a hot dog and eat all your favorite childhood sweets without having someone judge you? The problem is that we may love it a little&nbsp;<em>too&nbsp;</em>much.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">According to a the National Retail Federation, Americans plan to spend somewhere in the neighborhood of $10.14&nbsp;billion—that’s “billion” with a “b”—on Halloween this year.<sup>&nbsp;</sup>That means the average American will drop about $102&nbsp;on the holiday.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re tight on cash, that amount might sound scary. But the good news is: It doesn’t have to be. You don’t have to spend a zombie arm and a leg to have a memorable time. Try these seven tricks to&nbsp;stick like Laffy Taffy to your Halloween budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>1. Costumes</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The best part of Halloween (other than candy) is the costumes, hands down—from adorable babies dressed as koalas to the entire family decked out as the Addams Family. Costumes are all fun and games . . . until you realize what a money suck they are. Instead of buying a $40 Ninja Turtles costume for each of your four boys or sewing some rough-looking versions from scratch, turn hunting for your costume into a family game.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here’s how it works: Head to the consignment shop or thrift store with your brood and&nbsp;give each child an envelope with five or 10 bucks inside<strong>.</strong>&nbsp;Split into teams to pick out a costume or find materials to make a custom creation. When time’s up and purchases are made, head home and have the kids dig into their closets for the rest of their getups. There’s nothing like a happy homemade Halloween!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Don’t forget, just like kids grow out of clothes, they also grow out of their Halloween costumes. Check with your friends and neighbors to see if they’ll let you borrow a costume this year. Don’t drop big money for a brand-new Hulk outfit when little Timmy down the street has one your kid can wear for the night.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>2. Decorations</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For some people, Halloween is a&nbsp;<em>really</em>&nbsp;big deal (you know who you are). And for those guys, a single pumpkin on the front stoop just isn’t going to cut it. But if you’re not careful, buying Halloween décor year after year can really take a bite out of your budget. Pro tip: If you need your buck to stretch further, hit up your local&nbsp;dollar store&nbsp;for decorations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And if you really do go all out for Halloween, start saving and reusing your decorations. Since Halloween is almost as big of a deal as Christmas at your house, then prep for it the same way. Instead of trashing your decorations at the end of the season, start collecting items to reuse each year. Store all your ghouls and goblins in a reusable tub once the season is over. Now figuring out where to keep the giant headless horseman—that’s on you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>3. Candy</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Just because you live in a neighborhood that gets carloads of kids every year doesn’t mean you have to buy barrels of candy. It’s no secret that candy is pricey stuff. If you already know you’ll be visited by 50–100 princesses and superheroes, skip the gourmet chocolate bars and&nbsp;grab a bulk bag of assorted candy instead. Be on the lookout for coupons and any two-for-one deals, but don’t feel like you have to get the brand-name stuff either. Just buy what you can afford (even if that’s knock-offs of Dum Dums and Smarties).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And when the candy is gone, it’s gone. You know those kids are getting&nbsp;<em>a lot</em>&nbsp;of sugar, so you’re not really cheating the latecomers. They’ll be fine, really. Early birds get the gummy worms! Oh, and once you run out of candy, turn the lights off. There’s no need to get egged!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">One last tip when it comes to candy—keep track of how many trick-or-treaters actually visit your house so you can plan for next year. There’s no need to overbuy and get stuck eating all the leftovers (unless that’s what you were hoping for).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>4. Pumpkins</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For something that turns into a pile of moldy mush a few weeks after you buy it, a pumpkin sure costs a pretty penny. And it’s kind of like potato chips: You can’t have just one. Oh, no. Because of Instagram and Pinterest, we now think we need no less than a variety of twenty pumpkins spread across our porches, decks and tables.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Don’t get us wrong—pumpkins are fun. But it’s way too easy to overspend on these soon-to-be rotting gourds. So, what’s a pumpkin lover to do? Easy. Give yourself a pumpkin budget. We’re serious. Let the kids each pick one or cap yourself at $15—whatever you need to do to keep the spending in check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Going to the pumpkin patch is a blast, but don’t buy your pumpkins there if you’re looking to save some money. Instead, just go get pumpkins from the grocery store and be on the lookout for two-for-one deals that pop up. Because when it all boils down to it, a pumpkin is a pumpkin.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>5. Greeting Cards</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Wait. Does anyone really send out Halloween greeting cards? When was the last time&nbsp;<em>you&nbsp;</em>got a “Have a Batty Halloween” card in your mailbox? Nearly 45% of those surveyed by NRF this year said they planned on buying Halloween greeting cards, so there—somebody’s doing it.<a href=\"https://nrf.com/topics/holiday-and-seasonal-trends/halloween/halloween-data-center\" target=\"_blank\" rel=\"noreferrer noopener\"><sup>2</sup></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It goes without saying that you can make a boo-tiful greeting card without having to drop $6 on a glitter-bomb skeleton card for your favorite niece. Use some cardstock and get creative by drawing all kinds of spooky characters. Don’t forget to tape on a little something sweet too! If you have your heart set on a store-bought card, stroll the aisle looking for the two-for-a-dollar kind. But remember, you don’t&nbsp;<em>have&nbsp;</em>to send a card either.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>6. Fall Activities</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are heaps of harvest and Halloween festivals this time of year—and they’re usually free!&nbsp;Plus, there are plenty of other budget-friendly activities sure to please everyone in the family. Spend the day walking around a farm or enjoying a hayride. Take a drive out of town to look at the changing colors of the leaves. Go apple picking or enjoy a fall festival. Take advantage of what’s already going on in your church or community, and budget a little extra for any special food or rides. Festive fall food can really add up if you’re not careful, so save some cash by packing a picnic and a comfy quilt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"wp-block-heading has-black-color has-text-color has-extra-large-font-size\"><strong>7. Family Traditions</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Carve out a weekend or two for some quality time together this fall—you don’t even have to leave your house! If you’re tired of carving pumpkins or dressing up, why not start some new, budget-friendly traditions?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">How about a fall-themed cooking day?&nbsp;Try caramel apples, pumpkin pie and jack-o’-lantern pizzas (use the pepperonis and veggies to make the face). Or have everyone vote for their favorite fall movies, then hunker down on the couch to get cozy and eat all those tasty treats you cooked up. And if you’d rather be outside enjoying the leaves, head over to the park for a scavenger hunt and enjoy the scenery while you search.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.ramseysolutions.com/budgeting/5-money-saving-tricks-for-happier-halloween\">click here.</a></p>\n<!-- /wp:paragraph -->','Have a Happy Halloween Without Scaring Your Budget','','inherit','closed','closed','','2649-revision-v1','','','2023-09-26 23:46:49','2023-09-26 23:46:49','',2649,'http://smartinsurance.tips/?p=3469',0,'revision','',0),(3470,1,'2023-09-27 16:49:53','2023-09-27 16:49:53','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3471,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-10-1024x536.png\" alt=\"\" class=\"wp-image-3471\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Every business needs cash. Regardless of how much revenue your business earns, if your cash is tied up in unsold inventory or receivables, that money doesn’t do you any good. Maintaining a healthy business cash flow gives you the capacity to meet your financial obligations and the flexibility to grow with new opportunities. You’ll have enough cash on hand to pay the bills, say “yes” to a new project or launch a marketing campaign.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Cash flow is the money coming into and going out of your business, tracked on a cash-flow statement. If you have positive cash flow, you have more money coming into your business – typically through sales or borrowed funds – than going out, to expenses such as payroll, inventory and rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But maintaining positive business cash flow isn’t easy; many entrepreneurs struggle with it, according to research by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. In some situations, a cash-flow loan may be the solution to a cash crisis, but that’s not always the case.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Below we outline six strategies for managing business cash flow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>1. Learn your cash-flow cycle</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">A cash-flow cycle is the time it takes to purchase raw materials, turn them into product, sell the product and collect payment. Philip Campbell, a certified public accountant and author of the book “Never Run Out of Cash,” says that to understand your cash-flow cycle, you should be able to answer two questions at any given time:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item {\"fontSize\":\"large\"} -->\n<li class=\"has-large-font-size\">What happened to your business\'s cash last month?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item {\"fontSize\":\"large\"} -->\n<li class=\"has-large-font-size\">What’s about to happen to your business’s cash?</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">You’ll learn the answers to these questions by keeping your business’s balance sheet and profit and loss statements up to date and reviewing them regularly. Once you understand your cash-flow cycle, Campbell says, you can work to correct any inconsistencies in it — for example, by paying your suppliers later or collecting payments earlier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>2. Urge your customers to pay on time</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The average debtor pays two weeks late, according to accounting platform Xero. So instead of waiting around to receive payments from your customers, Campbell says, “be proactive about getting paid.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Develop a system to remind customers to pay on time, such as setting up automatic emails to remind customers 10, seven and two days before a payment is due. If you don’t receive a payment on time, don’t be afraid to follow up with a more personal note or a phone call.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>3. Turn your inventory quickly</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">From a small-business owner’s perspective, inventory is basically the same as cash, says Will Katz, director of the Small Business Development Center at the University of Kansas. To maximize the cash your business has at any given time, turn your inventory more quickly, Katz says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For example, say a shoe store owner spends $500,000 buying shoes every year. If she makes two large shoe purchases each year, worth $250,000 each, she’ll have that amount tied up in inventory until those shoes sell. That leaves less cash available to meet financial obligations or reinvest in the business. But if she does five inventory turns a year, she will only have $100,000 in cash tied up in inventory at a given time, freeing up more cash.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>4. Negotiate with your vendors and customers</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Negotiation can be a powerful tool when it comes to maintaining healthy business cash flow. You can negotiate both your accounts receivable with customers and your accounts payable with vendors. For example, if a customer purchases a large order and suggests a 30- or 60-day payment term (common with large companies), ask if you can be paid sooner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“You’ll never get it if you don’t ask,” Katz says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">On the flip side, say you purchase raw materials from a supplier, but it’ll be weeks until you turn those materials into a saleable product. Ask your vendor if you can pay for the materials several days or even weeks after you receive them. If you have a good track record of paying your vendors on time, they’ll be more likely to agree to such an arrangement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>5. Consider invoice financing.</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you’re unable to negotiate or need cash even sooner than the time you’re able to agree upon with your customers, consider invoice financing, also known as accounts receivable financing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Slightly different from invoice factoring, which buys invoices at a discount, invoice financing companies will advance the total amount or a portion of your outstanding invoices, and you’ll repay that amount plus interest after you receive the invoice. Annual percentage rates for invoice financing products range from about 11% plus the prime rate to 64%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>6. Compare cash-flow loans</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you don’t have outstanding accounts receivable but want additional financing to increase your cash flow, cash-flow loans could be an option. Cash-flow loans are short-term, often high-interest loans or lines of credit offered by online lenders. You shouldn’t rely on cash-flow loans for typical expenses such as rent and payroll. Reserve them for expenses that will ultimately increase your business’s revenue, such as a marketing campaign or a new piece of equipment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But before you apply for a cash-flow loan, a working capital loan or any small-business loan, for that matter, compare your options based on factors including terms, APR and what you qualify for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\"></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.nerdwallet.com/article/small-business/business-cash-flow?trk_channel=web&amp;trk_copy=6%20Ways%20to%20Manage%20Cash%20Flow%20for%20Your%20Business&amp;trk_element=hyperlink&amp;trk_elementPosition=3&amp;trk_location=PostList&amp;trk_subLocation=image-list\">click here.</a></p>\n<!-- /wp:paragraph -->','6 Ways to Manage Cash Flow for Your Business','','publish','open','open','','6-ways-to-manage-cash-flow-for-your-business','','','2023-09-27 16:49:53','2023-09-27 16:49:53','',0,'http://smartinsurance.tips/?p=3470',0,'post','',0),(3471,1,'2023-09-27 16:42:07','2023-09-27 16:42:07','','My-project-1-10','','inherit','open','closed','','my-project-1-10-2','','','2023-09-27 16:42:07','2023-09-27 16:42:07','',3470,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-10.png',0,'attachment','image/png',0),(3472,1,'2023-09-27 16:49:53','2023-09-27 16:49:53','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3471,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-10-1024x536.png\" alt=\"\" class=\"wp-image-3471\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Every business needs cash. Regardless of how much revenue your business earns, if your cash is tied up in unsold inventory or receivables, that money doesn’t do you any good. Maintaining a healthy business cash flow gives you the capacity to meet your financial obligations and the flexibility to grow with new opportunities. You’ll have enough cash on hand to pay the bills, say “yes” to a new project or launch a marketing campaign.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Cash flow is the money coming into and going out of your business, tracked on a cash-flow statement. If you have positive cash flow, you have more money coming into your business – typically through sales or borrowed funds – than going out, to expenses such as payroll, inventory and rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But maintaining positive business cash flow isn’t easy; many entrepreneurs struggle with it, according to research by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. In some situations, a cash-flow loan may be the solution to a cash crisis, but that’s not always the case.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Below we outline six strategies for managing business cash flow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>1. Learn your cash-flow cycle</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">A cash-flow cycle is the time it takes to purchase raw materials, turn them into product, sell the product and collect payment. Philip Campbell, a certified public accountant and author of the book “Never Run Out of Cash,” says that to understand your cash-flow cycle, you should be able to answer two questions at any given time:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item {\"fontSize\":\"large\"} -->\n<li class=\"has-large-font-size\">What happened to your business\'s cash last month?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item {\"fontSize\":\"large\"} -->\n<li class=\"has-large-font-size\">What’s about to happen to your business’s cash?</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">You’ll learn the answers to these questions by keeping your business’s balance sheet and profit and loss statements up to date and reviewing them regularly. Once you understand your cash-flow cycle, Campbell says, you can work to correct any inconsistencies in it — for example, by paying your suppliers later or collecting payments earlier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>2. Urge your customers to pay on time</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The average debtor pays two weeks late, according to accounting platform Xero. So instead of waiting around to receive payments from your customers, Campbell says, “be proactive about getting paid.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Develop a system to remind customers to pay on time, such as setting up automatic emails to remind customers 10, seven and two days before a payment is due. If you don’t receive a payment on time, don’t be afraid to follow up with a more personal note or a phone call.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>3. Turn your inventory quickly</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">From a small-business owner’s perspective, inventory is basically the same as cash, says Will Katz, director of the Small Business Development Center at the University of Kansas. To maximize the cash your business has at any given time, turn your inventory more quickly, Katz says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For example, say a shoe store owner spends $500,000 buying shoes every year. If she makes two large shoe purchases each year, worth $250,000 each, she’ll have that amount tied up in inventory until those shoes sell. That leaves less cash available to meet financial obligations or reinvest in the business. But if she does five inventory turns a year, she will only have $100,000 in cash tied up in inventory at a given time, freeing up more cash.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>4. Negotiate with your vendors and customers</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Negotiation can be a powerful tool when it comes to maintaining healthy business cash flow. You can negotiate both your accounts receivable with customers and your accounts payable with vendors. For example, if a customer purchases a large order and suggests a 30- or 60-day payment term (common with large companies), ask if you can be paid sooner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“You’ll never get it if you don’t ask,” Katz says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">On the flip side, say you purchase raw materials from a supplier, but it’ll be weeks until you turn those materials into a saleable product. Ask your vendor if you can pay for the materials several days or even weeks after you receive them. If you have a good track record of paying your vendors on time, they’ll be more likely to agree to such an arrangement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>5. Consider invoice financing.</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you’re unable to negotiate or need cash even sooner than the time you’re able to agree upon with your customers, consider invoice financing, also known as accounts receivable financing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Slightly different from invoice factoring, which buys invoices at a discount, invoice financing companies will advance the total amount or a portion of your outstanding invoices, and you’ll repay that amount plus interest after you receive the invoice. Annual percentage rates for invoice financing products range from about 11% plus the prime rate to 64%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>6. Compare cash-flow loans</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you don’t have outstanding accounts receivable but want additional financing to increase your cash flow, cash-flow loans could be an option. Cash-flow loans are short-term, often high-interest loans or lines of credit offered by online lenders. You shouldn’t rely on cash-flow loans for typical expenses such as rent and payroll. Reserve them for expenses that will ultimately increase your business’s revenue, such as a marketing campaign or a new piece of equipment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But before you apply for a cash-flow loan, a working capital loan or any small-business loan, for that matter, compare your options based on factors including terms, APR and what you qualify for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\"></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.nerdwallet.com/article/small-business/business-cash-flow?trk_channel=web&amp;trk_copy=6%20Ways%20to%20Manage%20Cash%20Flow%20for%20Your%20Business&amp;trk_element=hyperlink&amp;trk_elementPosition=3&amp;trk_location=PostList&amp;trk_subLocation=image-list\">click here.</a></p>\n<!-- /wp:paragraph -->','6 Ways to Manage Cash Flow for Your Business','','inherit','closed','closed','','3470-revision-v1','','','2023-09-27 16:49:53','2023-09-27 16:49:53','',3470,'http://smartinsurance.tips/?p=3472',0,'revision','',0),(3473,1,'2023-09-27 17:01:11','2023-09-27 17:01:11','<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">It\'s more than just performance and price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3474,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-11-1024x536.png\" alt=\"\" class=\"wp-image-3474\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">When investing in mutual funds, you may wonder which kind is best: growth, value, or index. The main differences between the three include risk tolerances, strategies, and investing goals, but the most important difference is which ones perform better in a bear market and which ones do better when the economy is uncertain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-2\"><strong>What\'s the Difference Between Value, Growth, and Index Funds?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td>&nbsp;</td><td><strong>Value</strong></td><td><strong>Growth</strong></td><td><strong>Index</strong></td></tr><tr><td><strong>Performance</strong></td><td>better than expected</td><td>as good as or better than expected</td><td>as good as expected</td></tr><tr><td><strong>Volatility</strong></td><td>lower</td><td>higher</td><td>lower</td></tr><tr><td><strong>Return</strong></td><td>moderate</td><td>higher</td><td>moderate</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-5\"><strong>Performance: Value vs. Growth vs. Index Fund</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">Value stocks are considered to be undervalued and are purchased with the idea that they will perform better than expected. Growth stocks represent companies that have shown solid earning and growth purchased with the idea that they will grow at a rate faster than the overall stock market. Index stock funds seek to mimic the price movement of a certain index, which is a sampling of stocks or bonds that represent a segment of the overall financial markets. The Standard &amp; Poor’s 500 (S&amp;P 500) is an index made up of 500 of the largest U.S. companies by market capitalization. These include Meta (formerly Facebook), Microsoft, and Amazon.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">Few analysts would argue that value funds often perform better over time than growth funds in uncertain market conditions and economic environments. Growth stocks tend to perform better when markets are trending higher fueled by consumer confidence. Followers of both camps—value and growth objective investors—strive to achieve the best total returns.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-10\">Neither growth nor value investors can claim an outright victory in past performance history. Index investors can claim they may not often be the top performer, but they\'re less often the worst performer during a period. They can therefore be confident in receiving at least average returns for a lower average or below-average level of market risk due to diversification and low costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">These are points based on the historical performance of value funds, growth funds, and index funds. No good investment advisor will advise market timing, but the best time to invest in growth stocks is often when times are good during the later, mature stages of an economic cycle, during the last several months that often lead up to a recession—but only if you intend to sell before the downturn.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Note: Stocks issued by banks and insurance companies represent a larger portion of the average value mutual fund than the average growth mutual fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-15\"><strong>Volatility: Value vs. Growth vs. Index Funds</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">The total return of value stocks includes both the capital gain in stock price and the dividends, whereas growth stock investors often rely solely on the capital gain (price appreciation) because growth stocks don\'t often produce dividends.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Value investors enjoy a certain degree of \"dependable\" appreciation because dividends are fairly reliable, whereas growth investors often endure more volatility (more pronounced ups and downs) of price. Value stocks may do well when an economic recovery is in place but may cool off if the stock market continues to perform well.<sup>2</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">Index stock funds are often grouped into the \"large blend\" category of mutual funds because they consist of a blend of both value and growth stocks. An index investor often prefers a passive approach. They don\'t believe that the research and analysis required for active investing (neither value nor growth independently) will produce better returns that are always higher than that of the simple, low-cost index fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Tip: If you\'re not purchasing for the short term, you may want to buy your funds long before indications of a recession (or at the bottom of it). Ride it out. Hope for rewards on the reversal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-23\"><strong>Return: Value vs. Growth vs. Index Funds</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">The manager of a value fund establishes the criteria and selects stocks that measure up. Such stocks will be selling at a price that is comparatively low in relation to one of the established criteria. By these criteria, the measures may imply a theoretical price higher than the currently traded share price. Earnings data or other fundamental value measures of the stock, such as debt-to-equity or the price/earnings-to-growth (PEG) ratio, are commonly used in value criteria.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-26\">Index investors may also believe that the blend of both value and growth attributes can combine for a greater result—the formula might be one-half value plus one-half growth equals greater diversity and reasonable returns for less effort.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-28\">Growth tends to lose to both value and index when a bear market is in full swing. The market is trending down. Prices are falling. Index funds don\'t often rule one-year performance, but they tend to edge growth and value funds over long periods, such as 10-year time frames and longer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-30\">When index funds win, they often do so by a narrow margin for large-capitalization stocks but by a wide margin in mid-cap and small-cap areas. This is at least somewhat due to the fact that expense ratios are higher (and thus returns are lower) for the actively managed funds that are represented by growth and value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-32\">This index outperformance for mid-cap and small-cap segments is also significant because many believe the opposite—that actively managed funds (not index funds) are best for mid-cap and small-cap stocks, but passive investing (indexing) is best for large-cap stocks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-34\"><strong>The Bottom Line</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">Growth funds are comprised of stock from companies that have done well and are expected to keep meeting and exceeding earnings goals. You won\'t be able to buy them for a bargain, but you can expect solid returns with some volatility. When there\'s a bear market, don\'t be surprised to see growth performance go down.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">Value funds are composed of stock from companies that could be expected to see big gains in the future, but are relatively low cost when compared to growth stocks. They tend to perform well in uncertain economic conditions, but during recessions, they tend to not do as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Since index funds mimic benchmark funds, the returns will depend on whether they are comprised of value stocks, growth stocks, or both. Index funds tend to do better than value and growth stocks in the longer term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.thebalancemoney.com/value-vs-growth-vs-index-investing-2466434\">click here.</a></p>\n<!-- /wp:paragraph -->','Value vs. Growth vs. Index Investing: What\'s the Difference?.','','publish','open','open','','value-vs-growth-vs-index-investing-whats-the-difference','','','2023-09-27 17:01:11','2023-09-27 17:01:11','',0,'http://smartinsurance.tips/?p=3473',0,'post','',0),(3474,1,'2023-09-27 16:52:27','2023-09-27 16:52:27','','My-project-1-11','','inherit','open','closed','','my-project-1-11-2','','','2023-09-27 16:52:27','2023-09-27 16:52:27','',3473,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-11.png',0,'attachment','image/png',0),(3475,1,'2023-09-27 17:01:11','2023-09-27 17:01:11','<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">It\'s more than just performance and price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3474,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-11-1024x536.png\" alt=\"\" class=\"wp-image-3474\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">When investing in mutual funds, you may wonder which kind is best: growth, value, or index. The main differences between the three include risk tolerances, strategies, and investing goals, but the most important difference is which ones perform better in a bear market and which ones do better when the economy is uncertain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-2\"><strong>What\'s the Difference Between Value, Growth, and Index Funds?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td>&nbsp;</td><td><strong>Value</strong></td><td><strong>Growth</strong></td><td><strong>Index</strong></td></tr><tr><td><strong>Performance</strong></td><td>better than expected</td><td>as good as or better than expected</td><td>as good as expected</td></tr><tr><td><strong>Volatility</strong></td><td>lower</td><td>higher</td><td>lower</td></tr><tr><td><strong>Return</strong></td><td>moderate</td><td>higher</td><td>moderate</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-5\"><strong>Performance: Value vs. Growth vs. Index Fund</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">Value stocks are considered to be undervalued and are purchased with the idea that they will perform better than expected. Growth stocks represent companies that have shown solid earning and growth purchased with the idea that they will grow at a rate faster than the overall stock market. Index stock funds seek to mimic the price movement of a certain index, which is a sampling of stocks or bonds that represent a segment of the overall financial markets. The Standard &amp; Poor’s 500 (S&amp;P 500) is an index made up of 500 of the largest U.S. companies by market capitalization. These include Meta (formerly Facebook), Microsoft, and Amazon.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-8\">Few analysts would argue that value funds often perform better over time than growth funds in uncertain market conditions and economic environments. Growth stocks tend to perform better when markets are trending higher fueled by consumer confidence. Followers of both camps—value and growth objective investors—strive to achieve the best total returns.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-10\">Neither growth nor value investors can claim an outright victory in past performance history. Index investors can claim they may not often be the top performer, but they\'re less often the worst performer during a period. They can therefore be confident in receiving at least average returns for a lower average or below-average level of market risk due to diversification and low costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-12\">These are points based on the historical performance of value funds, growth funds, and index funds. No good investment advisor will advise market timing, but the best time to invest in growth stocks is often when times are good during the later, mature stages of an economic cycle, during the last several months that often lead up to a recession—but only if you intend to sell before the downturn.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Note: Stocks issued by banks and insurance companies represent a larger portion of the average value mutual fund than the average growth mutual fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-15\"><strong>Volatility: Value vs. Growth vs. Index Funds</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">The total return of value stocks includes both the capital gain in stock price and the dividends, whereas growth stock investors often rely solely on the capital gain (price appreciation) because growth stocks don\'t often produce dividends.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Value investors enjoy a certain degree of \"dependable\" appreciation because dividends are fairly reliable, whereas growth investors often endure more volatility (more pronounced ups and downs) of price. Value stocks may do well when an economic recovery is in place but may cool off if the stock market continues to perform well.<sup>2</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">Index stock funds are often grouped into the \"large blend\" category of mutual funds because they consist of a blend of both value and growth stocks. An index investor often prefers a passive approach. They don\'t believe that the research and analysis required for active investing (neither value nor growth independently) will produce better returns that are always higher than that of the simple, low-cost index fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Tip: If you\'re not purchasing for the short term, you may want to buy your funds long before indications of a recession (or at the bottom of it). Ride it out. Hope for rewards on the reversal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-23\"><strong>Return: Value vs. Growth vs. Index Funds</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-24\">The manager of a value fund establishes the criteria and selects stocks that measure up. Such stocks will be selling at a price that is comparatively low in relation to one of the established criteria. By these criteria, the measures may imply a theoretical price higher than the currently traded share price. Earnings data or other fundamental value measures of the stock, such as debt-to-equity or the price/earnings-to-growth (PEG) ratio, are commonly used in value criteria.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-26\">Index investors may also believe that the blend of both value and growth attributes can combine for a greater result—the formula might be one-half value plus one-half growth equals greater diversity and reasonable returns for less effort.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-28\">Growth tends to lose to both value and index when a bear market is in full swing. The market is trending down. Prices are falling. Index funds don\'t often rule one-year performance, but they tend to edge growth and value funds over long periods, such as 10-year time frames and longer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-30\">When index funds win, they often do so by a narrow margin for large-capitalization stocks but by a wide margin in mid-cap and small-cap areas. This is at least somewhat due to the fact that expense ratios are higher (and thus returns are lower) for the actively managed funds that are represented by growth and value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-32\">This index outperformance for mid-cap and small-cap segments is also significant because many believe the opposite—that actively managed funds (not index funds) are best for mid-cap and small-cap stocks, but passive investing (indexing) is best for large-cap stocks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\" id=\"mntl-sc-block_1-0-34\"><strong>The Bottom Line</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">Growth funds are comprised of stock from companies that have done well and are expected to keep meeting and exceeding earnings goals. You won\'t be able to buy them for a bargain, but you can expect solid returns with some volatility. When there\'s a bear market, don\'t be surprised to see growth performance go down.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">Value funds are composed of stock from companies that could be expected to see big gains in the future, but are relatively low cost when compared to growth stocks. They tend to perform well in uncertain economic conditions, but during recessions, they tend to not do as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Since index funds mimic benchmark funds, the returns will depend on whether they are comprised of value stocks, growth stocks, or both. Index funds tend to do better than value and growth stocks in the longer term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.thebalancemoney.com/value-vs-growth-vs-index-investing-2466434\">click here.</a></p>\n<!-- /wp:paragraph -->','Value vs. Growth vs. Index Investing: What\'s the Difference?.','','inherit','closed','closed','','3473-revision-v1','','','2023-09-27 17:01:11','2023-09-27 17:01:11','',3473,'http://smartinsurance.tips/?p=3475',0,'revision','',0),(3476,1,'2023-09-28 17:23:04','2023-09-28 17:23:04','<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Manufacturers collect data every time you run your dryer and open your refrigerator, but most of them don\'t want to talk about it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3477,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-12-1024x536.png\" alt=\"\" class=\"wp-image-3477\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">When you buy a home appliance, you expect certain things. A refrigerator to keep food cold. A washer to get your clothes clean. A dryer to dry those clothes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But many new refrigerators will ping your smartphone if you’ve left the door open. Your new washer could order more detergent when you start to run low. And your new dryer could nag your partner for you when a load is done. Thanks to the Internet of Things, large appliances are evolving in ways that fundamentally alter their functionality and the way we interact with them, changing our expectations in the process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">We may be wowed by the ability to see what’s in our refrigerator while we’re at the grocery store (yes, some models do that), but what really separates smart appliances from their predecessors is the data they collect about you—from your home address to your most used washer cycles, to when and how often you open your refrigerator doors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To examine the potential impact of connected appliances, both good and bad, Consumer Reports conducted data privacy and data security tests on a selection of large appliances from some of the biggest appliance brands sold in the U.S., including GE, LG, Maytag (owned by Whirlpool), Samsung, and Whirlpool. These tests included monitoring network traffic (to see how “chatty” the appliances are with their manufacturers); an analysis of privacy policies and terms of service, including how and with whom data is shared; evaluations of digital security practices, including the use of authentication and encryption; and the response to vulnerabilities. We reached out to all five brands, as well as Kenmore, to ask about their connected appliances, but GE Appliances was the only one that agreed to speak with us. The rest responded to some questions via email but declined to speak further.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In addition, Consumer Reports conducted nationally representative surveys about smart appliance ownership in 2021 and 2022, as well as a diary study, in which we asked consumers who own connected appliances to share their experiences through a series of activities carried out over seven days. We also interviewed additional consumers about their experiences with owning connected appliances. Here’s what we found.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>The Promise of Connected Appliances</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to the nationally representative survey of 2,084 U.S. adults (PDF) conducted by Consumer Reports in October 2022, 21 percent of Americans owned at least one of the types of large smart appliances we asked about: washing machines, clothes dryers, refrigerators, ranges or cooktops, built-in microwaves, dishwashers, and wall ovens. To understand the impact connected appliances can have on consumers, we interviewed a few who’ve embraced them—and don’t plan on going back.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“The thing that I like the most is the ability to get notifications on my phone or my TV about the status of a device,” said Todd Hanke, who owns a suite of Samsung smart kitchen and laundry appliances. His washer and dryer are in his garage, and he knows when a cycle is done via a notification on his TV, phone, or connected speakers. That convenience alone is enough to persuade him to buy connected appliances in the future, he said.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Do I really need to know when the dishwasher is done?” said Billy Crackel, who also owns a suite of Samsung smart kitchen appliances. “Well, I didn’t think I needed remote start on a car, but now that I have it, not having it is kind of a hassle.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">While Hanke values the convenience of smart appliances and Crackel speaks about how novelties quickly become necessities, our research, testing, and reporting have found that the impact of connected appliances is both good and bad for consumers. The positive aspects include more efficient service calls and improved functionality, including enhancements over time thanks to software updates. But the negative could include shorter appliance lifespans and impositions on user privacy that come with continuous data collection. And those negatives could be harder to deal with if connected appliances become more popular in the years to come.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Here are several key areas where the benefits of connected appliances are on full display:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>New Features Added Years After Purchase</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">One of the key benefits of any connected product, including a smart appliance, is that it can receive new features through software updates several years into ownership. For example, GE Appliances added new air fry and turkey modes to some of its existing smart ovens via a software update in 2021, including some models sold four to five years earlier. The company followed up with a steakhouse mode in June 2022. Last year Whirlpool played catch-up and added its own air fry mode to its existing smart ovens.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Smart refrigerators can get smarter, too. In 2021 Samsung added the Amazon Alexa digital assistant to its second-generation and newer Family Hub smart fridges, eliminating the need for a stand-alone smart speaker in your kitchen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Changing Functionality Over Time</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you have young children and just installed a new washing machine, you can probably imagine needing different modes over the 10-year life cycle of the machine. John Ouseph, executive director of software and smart home solutions for GE Appliances, says that at first you may want a cycle that’s “heavy on sanitization, that’s heavy on delicates, that is specific for your family at that time.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">When your kids get older, you might want a sportswear mode or a dirt mode. “Your appliance can change as you change,” Ouseph says. “That’s kind of the vision.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Better Repair Experience</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">It’s always an inconvenience when an appliance breaks down, but the connectivity provided by smart appliances could improve service calls and streamline the repair process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For example, GE Appliances and Kenmore representatives can run remote diagnostics on their smart appliances before a service call. If they see a particular part that needs to be replaced, they can order it and have it on hand at the first visit, cutting down on the need for repeat visits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Even if you’re not comfortable connecting your appliances to the internet, smart internet-connected appliances (and many “dumb” ones without internet connections) can store diagnostic data that service technicians can access during a visit. GE says its appliances have a special port for this purpose, allowing technicians to download the last five to 10 cycles worth of data. This won’t cut down on repeat visits, but it can make the process as quick as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>The Drawbacks of Connected Appliances</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For all the benefits that smart appliances provide, there are still plenty of ways they could have an impact on your privacy or make your experience owning them worse. Here are some of the concerns they raise:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Constant Data Collection</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to our October 2022 nationally representative survey, Americans who don’t have smart appliances connected to the internet are more likely to say they’re worried about the digital security of these appliances (70 percent are at least somewhat worried) than about the privacy implications (64 percent are at least somewhat worried). The numbers are slightly lower, but still high, for Americans who do own connected smart large appliances: 55 percent and 47 percent, respectively. But based on our findings, you should be more concerned about manufacturers spying on you, not hackers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In our tests, we monitored the internet traffic of 12 smart appliances across the five brands (GE, LG, Maytag, Samsung, and Whirlpool) and four appliance types (refrigerators, ranges, dishwashers, and washing machines) to see how chatty they were. We didn’t find any security vulnerabilities in these products, and all personal data was encrypted. But we did find that all of them were constantly collecting data and sending it back to the manufacturer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">How much data? Each appliance sent anywhere from 3.4MB to 19MB of data back to the manufacturers per week. That might not seem like much, but when you consider that it’s all text (not images, video, or audio), it equals 24,000 to over 135,000 text messages. We also used the appliances just once per day, far less than the average consumer. Under normal use, these appliances would likely send back even more data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“As we all know, appliances can work completely fine without an internet connection,” says Steve Blair, who conducts privacy and security testing for CR. “Therefore, the majority of the data is likely just additional data collected by the manufacturers.”&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Because the data was encrypted, we couldn’t “see” what kind was being collected (a good thing in terms of data security). We asked the major brands, but most would only say they collect usage and performance data. Kenmore, however, gave us a detailed rundown: Its appliances collect data on a number of attributes, such as power status (on/off), door open/close, filter status, cycle details, temperature information, and energy usage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">LG and Samsung go further, collecting your ZIP code, phone numbers, date of birth, geolocation, and more through an appliance’s smartphone app. “LG and Samsung definitely collect more personal information than other manufacturers,” Blair says. “ZIP codes, phone numbers, date of birth, geolocation, and more are obviously not relevant to the product performance and service. That’s why we feel they have data collection practices that could be harmful to consumers.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">These apps can also contain third-party trackers, which collect additional data from your phone that manufacturers may use to troubleshoot problems, inform future product development, serve ads, or even sell to third parties. For example, the LG ThinQ app has 10 third-party trackers built into it. Blair says that in his experience, 10 trackers are on the high side among mobile apps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Most manufacturers claim that all of this data is being collected to improve their products, but our findings show that at least some are using it to create data profiles about their consumers. Again, LG and Samsung go a step further and acquire data about their customers from third-party sources that they use to enhance these profiles. Samsung explicitly states in its privacy policy that it sells its customers’ data. It was the only company in our tests to do so.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">John I. Taylor, senior vice president for LG Electronics, says each data point the company collects serves a purpose, such as finding the closest customer service center using ZIP codes and geolocation data, or verifying that a user is over the age of 16 using the date of birth. As for the third-party trackers, Taylor says only five are actually used in the U.S., for practices such as analytics and creating user profiles. “Customer profiles are also used in an aggregated manner to provide insights on consumer trends” and are “analyzed to determine customer interests and preferences,” he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Samsung takes customer privacy very seriously, and we design our products with privacy and security top of mind,” says Khang Nguyen, vice president of engineering for Samsung SmartThings (the company’s smart home platform) via email. “SmartThings collects some user data to optimize the user experience, always informing the user of our privacy practices or requesting permission prior to initiating any collection.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Samsung also addressed the portion of its policy that suggests it sells data in certain situations. Nguyen says that language comes from the California-specific portion of their privacy policy that’s meant to comply with the state’s consumer privacy law, the California Consumer Privacy Act (CCPA). It defines “sell” much more broadly as “selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a consumer’s personal information by the business to a third party for monetary or other valuable consideration.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Because CCPA defines these terms [sale/sell/etc.] so broadly, certain mobile advertisement transactions by our Samsung Ads business could be considered a ‘sale’ under this definition,” Nguyen says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In short, we don’t know for certain if Samsung actually sells user data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“This is one major downside of the Internet of Things; it creates a lot more opportunities for potential privacy abuses,” says Justin Brookman, CR’s director of technology policy. “In many cases, the data collection may be benign or even beneficial. But pretty much all of the time the data collection is invisible, and consumers have no idea what’s being collected, why, or with whom it’s being shared.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Loss of Functionality Without Connectivity</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Certain GE smart ovens and ranges require a WiFi connection in order to use certain features, such as the convection roast mode. This is even the case on certain models that have a physical convection roast button, even though convection predates the invention of WiFi by decades.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The company says it made that requirement as a way to encourage consumers to connect their appliances and change their expectations of how appliances should work. But the move drew the ire of dozens of consumers on social media after a man tweeted about his $3,600 wall oven forcing him to connect in order to use the convection roast mode.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Potential for Fewer Third-Party Repair Choices</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">While connectivity can streamline the repair process for a manufacturer’s own repair technicians, it remains to be seen if the diagnostic tools for smart appliances will be available to independent repair shops.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“More complex appliances could make them harder to maintain and fix,” Brookman says. “This is especially the case for independent repair shops if the manufacturer doesn’t make available the relevant parts and diagnostic data. So you might be stuck paying higher prices to a manufacturer who has frozen out its competitors.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">We asked GE and Samsung if they offer their diagnostic tools to third-party repair services. A GE spokesperson said, “These tools are available to both authorized and nonauthorized third-party appliance technicians through SmartHQ Service software subscriptions and purchase of a SmartHQ module.” Samsung declined to comment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Appliance Lifespan and Software Support</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to the appliance repair service Mr. Appliance, large appliances have an average life expectancy of eight to 19 years depending on the type and its power source (electricity or gas). Contrast that with many connected devices, such as computers and tablets, which consumers replace every five to six years, per Statista survey data. Because smart appliances are both appliances and connected devices, you might be wondering if they’ll last the same amount of time as their nonconnected predecessors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">That depends on two key questions. The first is whether the increased complexity of connected appliances will cause them to have shorter lifespans due to a breakdown or failure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“If a product employs more sensors when it is WiFi enabled, then there are more things that can break and thus the possibility of a shorter lifespan,” says Jim Nanni, who has been testing appliances at Consumer Reports for over 30 years. “And at some point, the repair is going to be enough that somebody will say, ‘I don’t want to fix this anymore. I want to replace it.’ ”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The second question: How long will manufacturers support their smart appliances? We asked each of the major brands. Samsung declined to answer, while the other brands didn’t provide clear answers. The clearest answer came from GE Appliances, which said it supports connected appliances for 10 years and hopes to extend that commitment. The next best answer was from Kenmore, which said it will support them “through the expected lifetime of these types of appliances,” but didn’t define “lifetime.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Despite not providing a clear time frame for support, LG and Whirlpool (as well as GE and Kenmore) said they will provide software updates and security patches for their appliances. Software updates are good for bug fixes and new features, but security patches are critical to protect against hacking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Current practices also suggest that the appliance brand you choose will matter when it comes to receiving new software features throughout the appliance’s lifespan. While GE added an air fry mode for ovens that were purchased four to five years ago, the Alexa functionality Samsung added to its smart fridges in 2021 didn’t apply to its original 2016 Family Hub smart refrigerator, a refrigerator that was just five years old at the time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Of course, it’s possible that some appliance manufacturers will differentiate themselves by how often they release software features for older appliances. Consumers could then use their purchasing power to show manufacturers that they want continued updates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Should You Connect Your Appliances to the Internet?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Many of the issues we’ve highlighted might give you pause about connecting your appliances to the internet. But a user-experience study conducted by Consumer Reports in June 2020 found that once consumers have used the connected features of their appliances, they generally don’t want to go back to nonconnected appliances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In the future, it’s likely you won’t have a choice between connected and nonconnected appliances. According to the market research firm Gap Intelligence, smart appliances made up 38 percent of models offered at retail as of August 2022, up from 21 percent in August 2019. GE Appliances says it offers over 650 connected appliances across its six brands, and over 1,000 appliances can be optionally connected to WiFi with the plug-in GE Connect Module ($50). LG says about 85 percent of its new appliance models offer connectivity. And a Samsung spokesperson simply said, “The majority of our devices are IoT-enabled.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Take a stroll through your local Home Depot and you might find a number of connected washers, fridges, ovens, and more. But at a glance, it’s hard to tell which are smart and which aren’t. You either have to scan their control panels for tiny WiFi buttons or look for a small bar code or product label that notes they’re connected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Of course, you can buy smart appliances and use them without connecting them to the internet. According to our October 2022 nationally representative survey of 2,084 adults, 12 percent of Americans own at least one large smart appliance and said none of those appliances were connected to the internet. Another 9 percent of Americans own at least one smart large appliance that’s connected to the internet. That’s a slight increase over our October 2021 nationally representative survey (PDF) of 2,036 US adults, which found that only 5 percent of Americans had a large smart appliance connected to the internet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">These numbers may look small, but it seems that enough consumers do connect these appliances to give brands useful data. As of January 2021, GE Appliances had about 1 million appliances connected to the internet. When we asked GE for an updated number, we were told that number is now considered proprietary information. But a company spokesperson did share that GE now has over 30 million “connectable” appliances in consumers’ homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But with only 21 percent of Americans owning at least one large smart appliance, according to CR’s nationally representative survey from 2022, it’s clear that it’s still early days for the smart appliance market, and much could change in the years ahead. Two such changes on the horizon are the Matter smart home standard and an interoperability effort by major appliance manufacturers through the Home Connectivity Alliance (HCA). Both efforts have similar—though not identical—goals of getting smart home devices from different brands to “talk” to each other, controlled by just one app or device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The first version of the Matter standard supports a wide array of devices, but it doesn’t include large appliances yet. They will be included in the next iteration of the standard, which is expected to launch sometime this fall. Some of Matter’s many goals are to reduce the complexity of smart home products and spur consumer adoption, which could help smart appliances gain more mainstream appeal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">As for the Home Connectivity Alliance, it released a specification in January that will allow consumers to control existing smart appliances (as well as TVs and HVAC equipment) made by different brands in the same app. For example, you’ll be able to control an LG refrigerator, a GE oven, an Electrolux washer, and a Samsung dryer all from the Samsung SmartThings app or from any of those other manufacturer’s apps. The alliance expects its member companies to start releasing this functionality in their respective apps this year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Consumer Reports is also getting involved in efforts to create more transparency around these connected devices. This July CR announced that it’s working with the Biden administration, the Carnegie Mellon CyLab Security and Privacy Institute, and other organizations to create a national labeling system, similar to nutrition labels, for connected products. These labels would clearly outline the types of data that devices collect and how companies keep your data secure, allowing consumers to be more aware of potential risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“If there’s a clear benefit, maybe the upside outweighs the risk, though there’s still risk. For a lot of devices, there’s really not a ton of functionality gained by connecting them to WiFi,” Brookman says. “For example, I personally wouldn’t want to connect a dishwasher to the internet. I just want it to wash the dishes that I just loaded in!”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Best Practices for Connecting Appliances to the Internet</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you want to connect your appliances to the internet, there are some things you can do to keep your data as safe and private as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">First, if your WiFi router supports creating a secondary or guest network, consider siloing your connected appliances (and other smart devices) on that network to separate them from your computer, smartphone, and other personal devices. If your network is ever breached through one of your appliances, hackers won’t be able to get at the far more valuable data on your personal devices. And the appliance manufacturers won’t be able to see what personal devices you own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Second, once you’re done setting up your smart appliances, go into your smartphone’s privacy settings and change the appliance app’s location data sharing settings to “while using the app” or “never/don’t allow,” depending on whether you’re using an iPhone or Android phone. Some apps require you to share location data in order to fully set up the smart appliance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Finally, if you’re an iPhone user, turn off the “Allow Tracking” option in the app’s privacy settings because it allows the manufacturer to track you across third-party apps and websites.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\"></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.consumerreports.org/electronics/privacy/smart-appliances-and-privacy-a1186358482/\">click here.</a></p>\n<!-- /wp:paragraph -->','Smart Appliances Promise Convenience and Innovation. But Is Your Privacy Worth the Price?','','publish','open','open','','smart-appliances-promise-convenience-and-innovation-but-is-your-privacy-worth-the-price','','','2023-09-28 17:23:04','2023-09-28 17:23:04','',0,'http://smartinsurance.tips/?p=3476',0,'post','',0),(3477,1,'2023-09-28 16:51:48','2023-09-28 16:51:48','','My-project-1-12','','inherit','open','closed','','my-project-1-12','','','2023-09-28 16:51:48','2023-09-28 16:51:48','',3476,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-12.png',0,'attachment','image/png',0),(3478,1,'2023-09-28 17:23:04','2023-09-28 17:23:04','<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Manufacturers collect data every time you run your dryer and open your refrigerator, but most of them don\'t want to talk about it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3477,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-12-1024x536.png\" alt=\"\" class=\"wp-image-3477\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">When you buy a home appliance, you expect certain things. A refrigerator to keep food cold. A washer to get your clothes clean. A dryer to dry those clothes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But many new refrigerators will ping your smartphone if you’ve left the door open. Your new washer could order more detergent when you start to run low. And your new dryer could nag your partner for you when a load is done. Thanks to the Internet of Things, large appliances are evolving in ways that fundamentally alter their functionality and the way we interact with them, changing our expectations in the process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">We may be wowed by the ability to see what’s in our refrigerator while we’re at the grocery store (yes, some models do that), but what really separates smart appliances from their predecessors is the data they collect about you—from your home address to your most used washer cycles, to when and how often you open your refrigerator doors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To examine the potential impact of connected appliances, both good and bad, Consumer Reports conducted data privacy and data security tests on a selection of large appliances from some of the biggest appliance brands sold in the U.S., including GE, LG, Maytag (owned by Whirlpool), Samsung, and Whirlpool. These tests included monitoring network traffic (to see how “chatty” the appliances are with their manufacturers); an analysis of privacy policies and terms of service, including how and with whom data is shared; evaluations of digital security practices, including the use of authentication and encryption; and the response to vulnerabilities. We reached out to all five brands, as well as Kenmore, to ask about their connected appliances, but GE Appliances was the only one that agreed to speak with us. The rest responded to some questions via email but declined to speak further.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In addition, Consumer Reports conducted nationally representative surveys about smart appliance ownership in 2021 and 2022, as well as a diary study, in which we asked consumers who own connected appliances to share their experiences through a series of activities carried out over seven days. We also interviewed additional consumers about their experiences with owning connected appliances. Here’s what we found.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>The Promise of Connected Appliances</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to the nationally representative survey of 2,084 U.S. adults (PDF) conducted by Consumer Reports in October 2022, 21 percent of Americans owned at least one of the types of large smart appliances we asked about: washing machines, clothes dryers, refrigerators, ranges or cooktops, built-in microwaves, dishwashers, and wall ovens. To understand the impact connected appliances can have on consumers, we interviewed a few who’ve embraced them—and don’t plan on going back.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“The thing that I like the most is the ability to get notifications on my phone or my TV about the status of a device,” said Todd Hanke, who owns a suite of Samsung smart kitchen and laundry appliances. His washer and dryer are in his garage, and he knows when a cycle is done via a notification on his TV, phone, or connected speakers. That convenience alone is enough to persuade him to buy connected appliances in the future, he said.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Do I really need to know when the dishwasher is done?” said Billy Crackel, who also owns a suite of Samsung smart kitchen appliances. “Well, I didn’t think I needed remote start on a car, but now that I have it, not having it is kind of a hassle.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">While Hanke values the convenience of smart appliances and Crackel speaks about how novelties quickly become necessities, our research, testing, and reporting have found that the impact of connected appliances is both good and bad for consumers. The positive aspects include more efficient service calls and improved functionality, including enhancements over time thanks to software updates. But the negative could include shorter appliance lifespans and impositions on user privacy that come with continuous data collection. And those negatives could be harder to deal with if connected appliances become more popular in the years to come.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Here are several key areas where the benefits of connected appliances are on full display:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>New Features Added Years After Purchase</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">One of the key benefits of any connected product, including a smart appliance, is that it can receive new features through software updates several years into ownership. For example, GE Appliances added new air fry and turkey modes to some of its existing smart ovens via a software update in 2021, including some models sold four to five years earlier. The company followed up with a steakhouse mode in June 2022. Last year Whirlpool played catch-up and added its own air fry mode to its existing smart ovens.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Smart refrigerators can get smarter, too. In 2021 Samsung added the Amazon Alexa digital assistant to its second-generation and newer Family Hub smart fridges, eliminating the need for a stand-alone smart speaker in your kitchen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Changing Functionality Over Time</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you have young children and just installed a new washing machine, you can probably imagine needing different modes over the 10-year life cycle of the machine. John Ouseph, executive director of software and smart home solutions for GE Appliances, says that at first you may want a cycle that’s “heavy on sanitization, that’s heavy on delicates, that is specific for your family at that time.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">When your kids get older, you might want a sportswear mode or a dirt mode. “Your appliance can change as you change,” Ouseph says. “That’s kind of the vision.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Better Repair Experience</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">It’s always an inconvenience when an appliance breaks down, but the connectivity provided by smart appliances could improve service calls and streamline the repair process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For example, GE Appliances and Kenmore representatives can run remote diagnostics on their smart appliances before a service call. If they see a particular part that needs to be replaced, they can order it and have it on hand at the first visit, cutting down on the need for repeat visits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Even if you’re not comfortable connecting your appliances to the internet, smart internet-connected appliances (and many “dumb” ones without internet connections) can store diagnostic data that service technicians can access during a visit. GE says its appliances have a special port for this purpose, allowing technicians to download the last five to 10 cycles worth of data. This won’t cut down on repeat visits, but it can make the process as quick as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>The Drawbacks of Connected Appliances</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">For all the benefits that smart appliances provide, there are still plenty of ways they could have an impact on your privacy or make your experience owning them worse. Here are some of the concerns they raise:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Constant Data Collection</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to our October 2022 nationally representative survey, Americans who don’t have smart appliances connected to the internet are more likely to say they’re worried about the digital security of these appliances (70 percent are at least somewhat worried) than about the privacy implications (64 percent are at least somewhat worried). The numbers are slightly lower, but still high, for Americans who do own connected smart large appliances: 55 percent and 47 percent, respectively. But based on our findings, you should be more concerned about manufacturers spying on you, not hackers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In our tests, we monitored the internet traffic of 12 smart appliances across the five brands (GE, LG, Maytag, Samsung, and Whirlpool) and four appliance types (refrigerators, ranges, dishwashers, and washing machines) to see how chatty they were. We didn’t find any security vulnerabilities in these products, and all personal data was encrypted. But we did find that all of them were constantly collecting data and sending it back to the manufacturer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">How much data? Each appliance sent anywhere from 3.4MB to 19MB of data back to the manufacturers per week. That might not seem like much, but when you consider that it’s all text (not images, video, or audio), it equals 24,000 to over 135,000 text messages. We also used the appliances just once per day, far less than the average consumer. Under normal use, these appliances would likely send back even more data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“As we all know, appliances can work completely fine without an internet connection,” says Steve Blair, who conducts privacy and security testing for CR. “Therefore, the majority of the data is likely just additional data collected by the manufacturers.”&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Because the data was encrypted, we couldn’t “see” what kind was being collected (a good thing in terms of data security). We asked the major brands, but most would only say they collect usage and performance data. Kenmore, however, gave us a detailed rundown: Its appliances collect data on a number of attributes, such as power status (on/off), door open/close, filter status, cycle details, temperature information, and energy usage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">LG and Samsung go further, collecting your ZIP code, phone numbers, date of birth, geolocation, and more through an appliance’s smartphone app. “LG and Samsung definitely collect more personal information than other manufacturers,” Blair says. “ZIP codes, phone numbers, date of birth, geolocation, and more are obviously not relevant to the product performance and service. That’s why we feel they have data collection practices that could be harmful to consumers.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">These apps can also contain third-party trackers, which collect additional data from your phone that manufacturers may use to troubleshoot problems, inform future product development, serve ads, or even sell to third parties. For example, the LG ThinQ app has 10 third-party trackers built into it. Blair says that in his experience, 10 trackers are on the high side among mobile apps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Most manufacturers claim that all of this data is being collected to improve their products, but our findings show that at least some are using it to create data profiles about their consumers. Again, LG and Samsung go a step further and acquire data about their customers from third-party sources that they use to enhance these profiles. Samsung explicitly states in its privacy policy that it sells its customers’ data. It was the only company in our tests to do so.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">John I. Taylor, senior vice president for LG Electronics, says each data point the company collects serves a purpose, such as finding the closest customer service center using ZIP codes and geolocation data, or verifying that a user is over the age of 16 using the date of birth. As for the third-party trackers, Taylor says only five are actually used in the U.S., for practices such as analytics and creating user profiles. “Customer profiles are also used in an aggregated manner to provide insights on consumer trends” and are “analyzed to determine customer interests and preferences,” he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Samsung takes customer privacy very seriously, and we design our products with privacy and security top of mind,” says Khang Nguyen, vice president of engineering for Samsung SmartThings (the company’s smart home platform) via email. “SmartThings collects some user data to optimize the user experience, always informing the user of our privacy practices or requesting permission prior to initiating any collection.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Samsung also addressed the portion of its policy that suggests it sells data in certain situations. Nguyen says that language comes from the California-specific portion of their privacy policy that’s meant to comply with the state’s consumer privacy law, the California Consumer Privacy Act (CCPA). It defines “sell” much more broadly as “selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a consumer’s personal information by the business to a third party for monetary or other valuable consideration.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“Because CCPA defines these terms [sale/sell/etc.] so broadly, certain mobile advertisement transactions by our Samsung Ads business could be considered a ‘sale’ under this definition,” Nguyen says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In short, we don’t know for certain if Samsung actually sells user data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“This is one major downside of the Internet of Things; it creates a lot more opportunities for potential privacy abuses,” says Justin Brookman, CR’s director of technology policy. “In many cases, the data collection may be benign or even beneficial. But pretty much all of the time the data collection is invisible, and consumers have no idea what’s being collected, why, or with whom it’s being shared.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Loss of Functionality Without Connectivity</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Certain GE smart ovens and ranges require a WiFi connection in order to use certain features, such as the convection roast mode. This is even the case on certain models that have a physical convection roast button, even though convection predates the invention of WiFi by decades.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The company says it made that requirement as a way to encourage consumers to connect their appliances and change their expectations of how appliances should work. But the move drew the ire of dozens of consumers on social media after a man tweeted about his $3,600 wall oven forcing him to connect in order to use the convection roast mode.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Potential for Fewer Third-Party Repair Choices</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">While connectivity can streamline the repair process for a manufacturer’s own repair technicians, it remains to be seen if the diagnostic tools for smart appliances will be available to independent repair shops.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“More complex appliances could make them harder to maintain and fix,” Brookman says. “This is especially the case for independent repair shops if the manufacturer doesn’t make available the relevant parts and diagnostic data. So you might be stuck paying higher prices to a manufacturer who has frozen out its competitors.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">We asked GE and Samsung if they offer their diagnostic tools to third-party repair services. A GE spokesperson said, “These tools are available to both authorized and nonauthorized third-party appliance technicians through SmartHQ Service software subscriptions and purchase of a SmartHQ module.” Samsung declined to comment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Appliance Lifespan and Software Support</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">According to the appliance repair service Mr. Appliance, large appliances have an average life expectancy of eight to 19 years depending on the type and its power source (electricity or gas). Contrast that with many connected devices, such as computers and tablets, which consumers replace every five to six years, per Statista survey data. Because smart appliances are both appliances and connected devices, you might be wondering if they’ll last the same amount of time as their nonconnected predecessors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">That depends on two key questions. The first is whether the increased complexity of connected appliances will cause them to have shorter lifespans due to a breakdown or failure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“If a product employs more sensors when it is WiFi enabled, then there are more things that can break and thus the possibility of a shorter lifespan,” says Jim Nanni, who has been testing appliances at Consumer Reports for over 30 years. “And at some point, the repair is going to be enough that somebody will say, ‘I don’t want to fix this anymore. I want to replace it.’ ”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The second question: How long will manufacturers support their smart appliances? We asked each of the major brands. Samsung declined to answer, while the other brands didn’t provide clear answers. The clearest answer came from GE Appliances, which said it supports connected appliances for 10 years and hopes to extend that commitment. The next best answer was from Kenmore, which said it will support them “through the expected lifetime of these types of appliances,” but didn’t define “lifetime.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Despite not providing a clear time frame for support, LG and Whirlpool (as well as GE and Kenmore) said they will provide software updates and security patches for their appliances. Software updates are good for bug fixes and new features, but security patches are critical to protect against hacking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Current practices also suggest that the appliance brand you choose will matter when it comes to receiving new software features throughout the appliance’s lifespan. While GE added an air fry mode for ovens that were purchased four to five years ago, the Alexa functionality Samsung added to its smart fridges in 2021 didn’t apply to its original 2016 Family Hub smart refrigerator, a refrigerator that was just five years old at the time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Of course, it’s possible that some appliance manufacturers will differentiate themselves by how often they release software features for older appliances. Consumers could then use their purchasing power to show manufacturers that they want continued updates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Should You Connect Your Appliances to the Internet?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Many of the issues we’ve highlighted might give you pause about connecting your appliances to the internet. But a user-experience study conducted by Consumer Reports in June 2020 found that once consumers have used the connected features of their appliances, they generally don’t want to go back to nonconnected appliances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">In the future, it’s likely you won’t have a choice between connected and nonconnected appliances. According to the market research firm Gap Intelligence, smart appliances made up 38 percent of models offered at retail as of August 2022, up from 21 percent in August 2019. GE Appliances says it offers over 650 connected appliances across its six brands, and over 1,000 appliances can be optionally connected to WiFi with the plug-in GE Connect Module ($50). LG says about 85 percent of its new appliance models offer connectivity. And a Samsung spokesperson simply said, “The majority of our devices are IoT-enabled.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Take a stroll through your local Home Depot and you might find a number of connected washers, fridges, ovens, and more. But at a glance, it’s hard to tell which are smart and which aren’t. You either have to scan their control panels for tiny WiFi buttons or look for a small bar code or product label that notes they’re connected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Of course, you can buy smart appliances and use them without connecting them to the internet. According to our October 2022 nationally representative survey of 2,084 adults, 12 percent of Americans own at least one large smart appliance and said none of those appliances were connected to the internet. Another 9 percent of Americans own at least one smart large appliance that’s connected to the internet. That’s a slight increase over our October 2021 nationally representative survey (PDF) of 2,036 US adults, which found that only 5 percent of Americans had a large smart appliance connected to the internet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">These numbers may look small, but it seems that enough consumers do connect these appliances to give brands useful data. As of January 2021, GE Appliances had about 1 million appliances connected to the internet. When we asked GE for an updated number, we were told that number is now considered proprietary information. But a company spokesperson did share that GE now has over 30 million “connectable” appliances in consumers’ homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">But with only 21 percent of Americans owning at least one large smart appliance, according to CR’s nationally representative survey from 2022, it’s clear that it’s still early days for the smart appliance market, and much could change in the years ahead. Two such changes on the horizon are the Matter smart home standard and an interoperability effort by major appliance manufacturers through the Home Connectivity Alliance (HCA). Both efforts have similar—though not identical—goals of getting smart home devices from different brands to “talk” to each other, controlled by just one app or device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">The first version of the Matter standard supports a wide array of devices, but it doesn’t include large appliances yet. They will be included in the next iteration of the standard, which is expected to launch sometime this fall. Some of Matter’s many goals are to reduce the complexity of smart home products and spur consumer adoption, which could help smart appliances gain more mainstream appeal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">As for the Home Connectivity Alliance, it released a specification in January that will allow consumers to control existing smart appliances (as well as TVs and HVAC equipment) made by different brands in the same app. For example, you’ll be able to control an LG refrigerator, a GE oven, an Electrolux washer, and a Samsung dryer all from the Samsung SmartThings app or from any of those other manufacturer’s apps. The alliance expects its member companies to start releasing this functionality in their respective apps this year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Consumer Reports is also getting involved in efforts to create more transparency around these connected devices. This July CR announced that it’s working with the Biden administration, the Carnegie Mellon CyLab Security and Privacy Institute, and other organizations to create a national labeling system, similar to nutrition labels, for connected products. These labels would clearly outline the types of data that devices collect and how companies keep your data secure, allowing consumers to be more aware of potential risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">“If there’s a clear benefit, maybe the upside outweighs the risk, though there’s still risk. For a lot of devices, there’s really not a ton of functionality gained by connecting them to WiFi,” Brookman says. “For example, I personally wouldn’t want to connect a dishwasher to the internet. I just want it to wash the dishes that I just loaded in!”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"contrast\",\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-contrast-color has-text-color has-x-large-font-size\"><strong>Best Practices for Connecting Appliances to the Internet</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">If you want to connect your appliances to the internet, there are some things you can do to keep your data as safe and private as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">First, if your WiFi router supports creating a secondary or guest network, consider siloing your connected appliances (and other smart devices) on that network to separate them from your computer, smartphone, and other personal devices. If your network is ever breached through one of your appliances, hackers won’t be able to get at the far more valuable data on your personal devices. And the appliance manufacturers won’t be able to see what personal devices you own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Second, once you’re done setting up your smart appliances, go into your smartphone’s privacy settings and change the appliance app’s location data sharing settings to “while using the app” or “never/don’t allow,” depending on whether you’re using an iPhone or Android phone. Some apps require you to share location data in order to fully set up the smart appliance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">Finally, if you’re an iPhone user, turn off the “Allow Tracking” option in the app’s privacy settings because it allows the manufacturer to track you across third-party apps and websites.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\"></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"contrast\",\"fontSize\":\"large\"} -->\n<p class=\"has-contrast-color has-text-color has-large-font-size\">To read the full article, <a href=\"https://www.consumerreports.org/electronics/privacy/smart-appliances-and-privacy-a1186358482/\">click here.</a></p>\n<!-- /wp:paragraph -->','Smart Appliances Promise Convenience and Innovation. But Is Your Privacy Worth the Price?','','inherit','closed','closed','','3476-revision-v1','','','2023-09-28 17:23:04','2023-09-28 17:23:04','',3476,'http://smartinsurance.tips/?p=3478',0,'revision','',0),(3479,1,'2023-09-28 17:28:54','2023-09-28 17:28:54','<!-- wp:image {\"id\":3480,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-40-1-1024x536.png\" alt=\"\" class=\"wp-image-3480\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>With another challenging year coming to a close, your team needs to have some time to rejuvenate themselves.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now, with Halloween approaching, organizing fun team activities for the workplace is a chance to have some light-hearted fun with your employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Celebrating Halloween at the workplace is a fantastic way for your teammates to lose work-related stress and unleash their inner artist.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, to ensure your employees have a good time, we have come up with some amazing ways to celebrate Halloween at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But, first let us find out why celebrating Halloween at the workplace is a good idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Why celebrate Halloween at work?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>People have been celebrating Halloween in their homes for many centuries. It is time for you to organize&nbsp;<strong>Halloween at work</strong>&nbsp;to let your teammates relax and unwind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, Come! Let us check out some of the amazing benefits that celebrating this holiday at the workplace offers you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>1. Increase employee morale</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Organizing&nbsp;<strong>Halloween workplace activities</strong>&nbsp;gives your employees time to get away from their desktop screens. It gives them an opportunity to take a break from work-related conversations and share a good laugh with other team members. Put simply, a Halloween party at the workplace helps everyone to relax and rejuvenate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>2. Promotes creativity</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>From decorating the office floor with Halloween pumpkins to brainstorming costume ideas, Halloween celebrations at the workplace let your employees unlock and share their creative self and use it for non-work-related activities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>3. Helps develop camaraderie</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As per the Cambridge Dictionary, Camaraderie means, “a friendly feeling towards people with whom you share an experience or work together.” Thus, having an&nbsp;<strong>Halloween at work</strong>&nbsp;event presents a wonderful opportunity for team members to develop workplace friendships.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In the long run, this makes employees more productive, happy, and creates a positive work environment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, let us see what&nbsp;<strong>Work Halloween events</strong>&nbsp;you can organize at the workplace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>12 Ways to celebrate Halloween at work</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>From spooky costumes to watching your favorite horror movies, there is no limit to how much fun you can have when planning to&nbsp;<strong>celebrate Halloween at work</strong>.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, given below are some amazing&nbsp;<strong>Halloween workplace activities</strong>&nbsp;you can organize at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>1. Desk decoration</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The Halloween committee in the office can decorate the common areas, but employees also need to be active participants when it comes to decorating the work desks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do not limit them to creating only Halloween-related designs. Give your workforce complete freedom to express themselves through a desk decoration activity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>2. Halloween costume contest</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Sometimes, a little competition is healthy for everyone in the office. Organize a Halloween costume contest for everyone in the workplace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let the Halloween committee come up with different categories and give prizes for the scariest costume, and original costume ideas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>3. Trick-or-treat</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you are looking for the best way to&nbsp;<strong>celebrate Halloween at work</strong>, nothing can beat the good old “Trick-or-Treat”. Give your employees baskets of candy for their desks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let them go from desk to desk, show off their Halloween costumes and get admired from fellow team mates. Doing this allows employees from different departments to meet each other.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>4. Horror movie marathon</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>What could be more fun than spending the Halloween party binge-watching your favorite horror movie? Use the workplace conference room or the common area to set up chairs for this.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Conduct a poll with options for the scariest horror movies to watch. You can also throw in a couple of horror movies spoofs to keep the activity light and fun.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>5. Mummy-making competition</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mummy-making is one of the easiest and most fun parts of celebrating&nbsp;<strong>Halloween at the office</strong>. Give the competing teams a few rolls of tissue paper and watch the chaos unleash!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep the focus on having fun with fellow co-workers. Once everyone is wrapped up, take a group photo and share it on the office’s social media.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>6. Ghost walk</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Ghost walks offer one of the best team bonding experiences for workplace employees. These include a guide sharing information about the location’s history and paranormal activity as witnessed by locals and tourists.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leading your work team members through a haunted area offers a spooky experience for everyone. Unfortunately, many times it is not possible for everyone to be present in the office. But, that should not keep them from having fun with colleagues on Halloween.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just because the remote team is socially distant does not mean they cannot be a part of the festivities. Organize some cool Halloween activities for remote employees to make them a part of the celebrations as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, let us check out the ways to&nbsp;<strong>celebrate Halloween at work</strong>&nbsp;with remote teams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>7. Virtual pumpkin carving</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do not let physical distance keep your remote team from being part of the Halloween celebrations at the workplace. Get them into the right mood by organizing a virtual carving pumpkin activity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Give your employees a few dollars to go and buy a pumpkin. Connect with them via video conferencing software, and let them show their creativity. Let the employees vote on their favorite pumpkin designs and give out spooky prizes to the winners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>8. Halloween trivia games</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can use the Zoom video-conference application for this activity. Here are a few simple steps for you to do that;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li>Use Zoom or Microsoft Teams</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Choose a moderator for coordination with all the other teams</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Ask questions like:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>To which country does Jack-O-Lantern belong?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Name the first actor to play Wolfman</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Celtics were superstitious. Is this statement true or false?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Who holds the world record for the fastest pumpkin carving time?</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>For this activity, you can set ground rules like not referring to Google, one answer per team, and limit the amount of time allotted to per team to give the answer. Compare the scores and announce the winner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>9. Virtual escape room – Jewel Heist</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Halloween is a celebration shrouded in mystery for many. Why not use those mysterious vibes to help your work team solve a mystery?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s a little background.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Someone has masterminded a heist to steal a priceless collection of precious jewels. It is up to your team to find out the culprit and recover the loot.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your team will uncover hidden clues and solve mind-bending puzzles. All these require collaboration, creative problem-solving, and out-of-the-box thinking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>10. Virtual Halloween pictionary</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An exciting and new way to&nbsp;<strong>celebrate Halloween at work</strong>&nbsp;is organizing a Halloween Pictionary contest. It is a fun and competitive activity to help team members from various departments form a bond.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Split your workforce into different teams and use an on-screen whiteboard / pen &amp; paper, and hold up the drawing to the camera. Give each team a list of Halloween keywords or phrases to guess.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>11. Virtual house of horror</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Remote working does not mean you cannot have a little Halloween scare with the WFH employees. Organize a virtual tour through a haunted house. You can easily visit haunted houses from the comfort of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>12. Order spooky deliveries</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>No one said that surprise gift deliveries could not be a part of the <strong>work Halloween events</strong>. You can order tasty treats, gifts or other parcels to get them into the Halloween spirit!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Conclusion</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These spooky ways to celebrate Halloween at work are a great way to bring together all employees in a carefree and festive way. It is the perfect excuse for your teammates to let go of all the work-related stress and relax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, are you ready to be spooked??</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.proofhub.com/articles/celebrate-halloween-at-work\">click here.</a></p>\n<!-- /wp:paragraph -->','12 Spooktacular Ways to Celebrate Halloween at Work','','publish','open','open','','12-spooktacular-ways-to-celebrate-halloween-at-work','','\nhttps://www.proofhub.com/articles/celebrate-halloween-at-work','2023-09-28 17:28:54','2023-09-28 17:28:54','',0,'http://smartinsurance.tips/?p=3479',0,'post','',0),(3480,1,'2023-09-28 17:25:05','2023-09-28 17:25:05','','My-project-1-40-1','','inherit','open','closed','','my-project-1-40-1','','','2023-09-28 17:25:05','2023-09-28 17:25:05','',3479,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-40-1.png',0,'attachment','image/png',0),(3481,1,'2023-09-28 17:28:54','2023-09-28 17:28:54','<!-- wp:image {\"id\":3480,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-40-1-1024x536.png\" alt=\"\" class=\"wp-image-3480\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>With another challenging year coming to a close, your team needs to have some time to rejuvenate themselves.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now, with Halloween approaching, organizing fun team activities for the workplace is a chance to have some light-hearted fun with your employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Celebrating Halloween at the workplace is a fantastic way for your teammates to lose work-related stress and unleash their inner artist.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, to ensure your employees have a good time, we have come up with some amazing ways to celebrate Halloween at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But, first let us find out why celebrating Halloween at the workplace is a good idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Why celebrate Halloween at work?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>People have been celebrating Halloween in their homes for many centuries. It is time for you to organize&nbsp;<strong>Halloween at work</strong>&nbsp;to let your teammates relax and unwind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, Come! Let us check out some of the amazing benefits that celebrating this holiday at the workplace offers you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>1. Increase employee morale</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Organizing&nbsp;<strong>Halloween workplace activities</strong>&nbsp;gives your employees time to get away from their desktop screens. It gives them an opportunity to take a break from work-related conversations and share a good laugh with other team members. Put simply, a Halloween party at the workplace helps everyone to relax and rejuvenate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>2. Promotes creativity</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>From decorating the office floor with Halloween pumpkins to brainstorming costume ideas, Halloween celebrations at the workplace let your employees unlock and share their creative self and use it for non-work-related activities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\"><strong>3. Helps develop camaraderie</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As per the Cambridge Dictionary, Camaraderie means, “a friendly feeling towards people with whom you share an experience or work together.” Thus, having an&nbsp;<strong>Halloween at work</strong>&nbsp;event presents a wonderful opportunity for team members to develop workplace friendships.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In the long run, this makes employees more productive, happy, and creates a positive work environment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, let us see what&nbsp;<strong>Work Halloween events</strong>&nbsp;you can organize at the workplace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>12 Ways to celebrate Halloween at work</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>From spooky costumes to watching your favorite horror movies, there is no limit to how much fun you can have when planning to&nbsp;<strong>celebrate Halloween at work</strong>.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, given below are some amazing&nbsp;<strong>Halloween workplace activities</strong>&nbsp;you can organize at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>1. Desk decoration</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The Halloween committee in the office can decorate the common areas, but employees also need to be active participants when it comes to decorating the work desks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do not limit them to creating only Halloween-related designs. Give your workforce complete freedom to express themselves through a desk decoration activity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>2. Halloween costume contest</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Sometimes, a little competition is healthy for everyone in the office. Organize a Halloween costume contest for everyone in the workplace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let the Halloween committee come up with different categories and give prizes for the scariest costume, and original costume ideas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>3. Trick-or-treat</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you are looking for the best way to&nbsp;<strong>celebrate Halloween at work</strong>, nothing can beat the good old “Trick-or-Treat”. Give your employees baskets of candy for their desks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let them go from desk to desk, show off their Halloween costumes and get admired from fellow team mates. Doing this allows employees from different departments to meet each other.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>4. Horror movie marathon</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>What could be more fun than spending the Halloween party binge-watching your favorite horror movie? Use the workplace conference room or the common area to set up chairs for this.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Conduct a poll with options for the scariest horror movies to watch. You can also throw in a couple of horror movies spoofs to keep the activity light and fun.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>5. Mummy-making competition</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mummy-making is one of the easiest and most fun parts of celebrating&nbsp;<strong>Halloween at the office</strong>. Give the competing teams a few rolls of tissue paper and watch the chaos unleash!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep the focus on having fun with fellow co-workers. Once everyone is wrapped up, take a group photo and share it on the office’s social media.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>6. Ghost walk</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Ghost walks offer one of the best team bonding experiences for workplace employees. These include a guide sharing information about the location’s history and paranormal activity as witnessed by locals and tourists.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leading your work team members through a haunted area offers a spooky experience for everyone. Unfortunately, many times it is not possible for everyone to be present in the office. But, that should not keep them from having fun with colleagues on Halloween.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just because the remote team is socially distant does not mean they cannot be a part of the festivities. Organize some cool Halloween activities for remote employees to make them a part of the celebrations as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That said, let us check out the ways to&nbsp;<strong>celebrate Halloween at work</strong>&nbsp;with remote teams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>7. Virtual pumpkin carving</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do not let physical distance keep your remote team from being part of the Halloween celebrations at the workplace. Get them into the right mood by organizing a virtual carving pumpkin activity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Give your employees a few dollars to go and buy a pumpkin. Connect with them via video conferencing software, and let them show their creativity. Let the employees vote on their favorite pumpkin designs and give out spooky prizes to the winners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>8. Halloween trivia games</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can use the Zoom video-conference application for this activity. Here are a few simple steps for you to do that;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li>Use Zoom or Microsoft Teams</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Choose a moderator for coordination with all the other teams</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Ask questions like:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>To which country does Jack-O-Lantern belong?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Name the first actor to play Wolfman</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Celtics were superstitious. Is this statement true or false?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Who holds the world record for the fastest pumpkin carving time?</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>For this activity, you can set ground rules like not referring to Google, one answer per team, and limit the amount of time allotted to per team to give the answer. Compare the scores and announce the winner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>9. Virtual escape room – Jewel Heist</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Halloween is a celebration shrouded in mystery for many. Why not use those mysterious vibes to help your work team solve a mystery?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s a little background.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Someone has masterminded a heist to steal a priceless collection of precious jewels. It is up to your team to find out the culprit and recover the loot.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your team will uncover hidden clues and solve mind-bending puzzles. All these require collaboration, creative problem-solving, and out-of-the-box thinking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>10. Virtual Halloween pictionary</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An exciting and new way to&nbsp;<strong>celebrate Halloween at work</strong>&nbsp;is organizing a Halloween Pictionary contest. It is a fun and competitive activity to help team members from various departments form a bond.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Split your workforce into different teams and use an on-screen whiteboard / pen &amp; paper, and hold up the drawing to the camera. Give each team a list of Halloween keywords or phrases to guess.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>11. Virtual house of horror</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Remote working does not mean you cannot have a little Halloween scare with the WFH employees. Organize a virtual tour through a haunted house. You can easily visit haunted houses from the comfort of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>12. Order spooky deliveries</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>No one said that surprise gift deliveries could not be a part of the <strong>work Halloween events</strong>. You can order tasty treats, gifts or other parcels to get them into the Halloween spirit!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Conclusion</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These spooky ways to celebrate Halloween at work are a great way to bring together all employees in a carefree and festive way. It is the perfect excuse for your teammates to let go of all the work-related stress and relax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, are you ready to be spooked??</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.proofhub.com/articles/celebrate-halloween-at-work\">click here.</a></p>\n<!-- /wp:paragraph -->','12 Spooktacular Ways to Celebrate Halloween at Work','','inherit','closed','closed','','3479-revision-v1','','','2023-09-28 17:28:54','2023-09-28 17:28:54','',3479,'http://smartinsurance.tips/?p=3481',0,'revision','',0),(3482,1,'2023-09-28 17:42:32','2023-09-28 17:42:32','<!-- wp:paragraph -->\n<p>In some ways, managing money in retirement gets a little easier than before.  You only have the money you have, so your options are somewhat simpler and more limited.  On the other hand, the rules of money management shift in retirement so it may seem more complicated to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3483,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-14-1024x536.png\" alt=\"\" class=\"wp-image-3483\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>No matter whether you find it easier or more challenging, here are 10 tips for managing money in retirement:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-1-be-tax-efficient-with-withdrawals\">1. Be Tax Efficient with Withdrawals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every penny counts when managing money in retirement and that is especially true when it comes to tax savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Every retirement account you have may be taxed differently and you will want to be strategic with how and when you take withdrawals from each bucket.&nbsp; A few tips to consider:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Prioritize withdrawals for your Required Minimum Distributions (RMDs) – mandatory withdrawals that start at age 72 through the end of 2022, 73 starting in 2023, and 75 in 2033 due to passage of the omnibus spending bill.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider a Roth conversion to spread out when and how much you are taxed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Be aware of how much you withdraw each year and how the amount impacts your tax bracket.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Taxes are really complicated and what is best for you is different from what is best for anyone else.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-2-focus-on-creating-retirement-income\">2. Focus on Creating Retirement Income</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you have been saving money for retirement, you have probably been worried about stashing aside as much as possible and maximizing your returns on investments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, when you retire, most experts recommend that you worry less about returns and more on figuring out how to turn your retirement assets into reliable retirement income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, research indicates that retirees who have guaranteed their retirement income are happier and much less stressed than retirees who make unpredictable withdrawals from their retirement accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-3-make-trade-offs-know-what-is-important-to-you\">3. Make Trade Offs — Know What is Important to You</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>“I want it all and I want it right now” is not a retirement money management mantra that works well for almost anyone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The good news is that at this point in our lives, we know – better than ever – what we like and what we want.&nbsp; If you focus on what is important to you, you may find that you can spend less overall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If a trip to Europe is on your list, you can probably make that happen no matter your finances.&nbsp; It just may require a lot of prioritizing and cut backs in other areas of your life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-4-prioritize-spending-on-yourself\">4. Prioritize Spending on Yourself</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Family is one of our biggest sources of joy.&nbsp; However, unless you have budgeted for helping out adult children, brothers and sisters, or your own parents, you simply might not have the money to help them out financially.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you are retired, you do not have as much opportunity to make money.  You are required to live with what you have.  In retirement, every expense needs to be accounted for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-5-look-at-your-home-equity\">5. Look at Your Home Equity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Experts predict that home equity is going to help out most of us lucky enough to own a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For most households, home equity represents our biggest source of wealth and there are a variety of ways we can use that wealth to help pay for retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Downsizing is an efficient way access the money you have in your home and a great option if you are living in a relatively expensive location or in a home that is too large for your needs in retirement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you love where you live and want to stay there for the rest of your life, then a reverse mortgage is an increasingly popular way to eliminate ongoing mortgage payments and/or borrow some of your own home equity while retaining ownership of your home.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-6-wait-as-long-as-possible-to-start-social-security\">6. Wait as Long as Possible to Start Social Security</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The differences in lifetime value between starting Social Security at age 62 and delaying until 67 or later can be hundreds of thousands of dollars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Social Security offers you guaranteed monthly income for as long as you live.  If you can wait to start it, you will enjoy a higher standard of living.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-7-be-prepared-for-spending-shifts\">7. Be Prepared for Spending Shifts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Just because we have retired it does not mean that we don’t continue to evolve and change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, numerous studies have shown that retirement spending goes through predictable phases.  When we first retire, we might spend more than before — we are active and doing lots of things.  After that, we enter a period of slowing down and staying closer to home and we spend less than at almost any other period of our lives.  In old age, medical expenses cause spending to spike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-8-have-a-plan-for-out-of-pocket-health-expenses\">8. Have a Plan for Out of Pocket Health Expenses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fidelity Investments has been tracking retirement health care costs for years.&nbsp; Their most recent data predicts that a 65-year old couple retiring in 2022 can anticipate spending $315,000 in health and medical expenses throughout their retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This amount will be spent on deductibles, co payments, premiums for supplemental coverage, prescription drugs and other expenses that Medicare doesn’t cover, such as hearing aids and eyeglasses.  However, this amount does NOT include the costs of a long term care need which could mean another $100,000 and more in spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-9-talk-with-family-especially-your-spouse\">9. Talk with Family — Especially Your Spouse</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to a Fidelity Study, 47% of couples disagree on how much savings are needed to maintain their desired lifestyle (if they agree on desired lifestyle).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Furthermore:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Couples have different ideas for how they want to spend time.&nbsp; “Men are significantly more likely to envision indulging in their favorite sports, women are more likely to envision spending time with family, enjoying hobbies and volunteering in their local community.”</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Thirty-six percent of couples either don’t agree, or don’t know where they plan to live in retirement.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Because your retirement money management involves both you and your spouse, it is important that you get on the same page for spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-10-keep-planning\">10. Keep Planning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Retirement is not the end of the road for managing money in retirement.&nbsp; You can not simply create a retirement plan, retire and live happily ever after.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You need to keep assessing your situation and adjusting your plans as you move through life.&nbsp; Maybe your priorities change or your investments perform differently or perhaps you decide to go back to work.&nbsp; These events will profoundly impact your overall financial well being.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Weekly or monthly financial reviews are a great way to stay on top of your financial wellness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.newretirement.com/retirement/10-money-management-tips-retirement/\">click here.</a></p>\n<!-- /wp:paragraph -->','10 Great Tips for Managing Money in Retirement','','publish','open','open','','10-great-tips-for-managing-money-in-retirement','','','2023-09-28 17:42:32','2023-09-28 17:42:32','',0,'http://smartinsurance.tips/?p=3482',0,'post','',0),(3483,1,'2023-09-28 17:39:32','2023-09-28 17:39:32','','My-project-1-14','','inherit','open','closed','','my-project-1-14-2','','','2023-09-28 17:39:32','2023-09-28 17:39:32','',3482,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-14.png',0,'attachment','image/png',0),(3484,1,'2023-09-28 17:42:32','2023-09-28 17:42:32','<!-- wp:paragraph -->\n<p>In some ways, managing money in retirement gets a little easier than before.  You only have the money you have, so your options are somewhat simpler and more limited.  On the other hand, the rules of money management shift in retirement so it may seem more complicated to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3483,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-14-1024x536.png\" alt=\"\" class=\"wp-image-3483\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>No matter whether you find it easier or more challenging, here are 10 tips for managing money in retirement:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-1-be-tax-efficient-with-withdrawals\">1. Be Tax Efficient with Withdrawals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every penny counts when managing money in retirement and that is especially true when it comes to tax savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Every retirement account you have may be taxed differently and you will want to be strategic with how and when you take withdrawals from each bucket.&nbsp; A few tips to consider:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Prioritize withdrawals for your Required Minimum Distributions (RMDs) – mandatory withdrawals that start at age 72 through the end of 2022, 73 starting in 2023, and 75 in 2033 due to passage of the omnibus spending bill.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider a Roth conversion to spread out when and how much you are taxed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Be aware of how much you withdraw each year and how the amount impacts your tax bracket.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Taxes are really complicated and what is best for you is different from what is best for anyone else.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-2-focus-on-creating-retirement-income\">2. Focus on Creating Retirement Income</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you have been saving money for retirement, you have probably been worried about stashing aside as much as possible and maximizing your returns on investments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, when you retire, most experts recommend that you worry less about returns and more on figuring out how to turn your retirement assets into reliable retirement income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, research indicates that retirees who have guaranteed their retirement income are happier and much less stressed than retirees who make unpredictable withdrawals from their retirement accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-3-make-trade-offs-know-what-is-important-to-you\">3. Make Trade Offs — Know What is Important to You</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>“I want it all and I want it right now” is not a retirement money management mantra that works well for almost anyone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The good news is that at this point in our lives, we know – better than ever – what we like and what we want.&nbsp; If you focus on what is important to you, you may find that you can spend less overall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If a trip to Europe is on your list, you can probably make that happen no matter your finances.&nbsp; It just may require a lot of prioritizing and cut backs in other areas of your life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-4-prioritize-spending-on-yourself\">4. Prioritize Spending on Yourself</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Family is one of our biggest sources of joy.&nbsp; However, unless you have budgeted for helping out adult children, brothers and sisters, or your own parents, you simply might not have the money to help them out financially.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you are retired, you do not have as much opportunity to make money.  You are required to live with what you have.  In retirement, every expense needs to be accounted for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-5-look-at-your-home-equity\">5. Look at Your Home Equity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Experts predict that home equity is going to help out most of us lucky enough to own a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For most households, home equity represents our biggest source of wealth and there are a variety of ways we can use that wealth to help pay for retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Downsizing is an efficient way access the money you have in your home and a great option if you are living in a relatively expensive location or in a home that is too large for your needs in retirement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you love where you live and want to stay there for the rest of your life, then a reverse mortgage is an increasingly popular way to eliminate ongoing mortgage payments and/or borrow some of your own home equity while retaining ownership of your home.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-6-wait-as-long-as-possible-to-start-social-security\">6. Wait as Long as Possible to Start Social Security</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The differences in lifetime value between starting Social Security at age 62 and delaying until 67 or later can be hundreds of thousands of dollars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Social Security offers you guaranteed monthly income for as long as you live.  If you can wait to start it, you will enjoy a higher standard of living.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-7-be-prepared-for-spending-shifts\">7. Be Prepared for Spending Shifts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Just because we have retired it does not mean that we don’t continue to evolve and change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, numerous studies have shown that retirement spending goes through predictable phases.  When we first retire, we might spend more than before — we are active and doing lots of things.  After that, we enter a period of slowing down and staying closer to home and we spend less than at almost any other period of our lives.  In old age, medical expenses cause spending to spike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-8-have-a-plan-for-out-of-pocket-health-expenses\">8. Have a Plan for Out of Pocket Health Expenses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fidelity Investments has been tracking retirement health care costs for years.&nbsp; Their most recent data predicts that a 65-year old couple retiring in 2022 can anticipate spending $315,000 in health and medical expenses throughout their retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This amount will be spent on deductibles, co payments, premiums for supplemental coverage, prescription drugs and other expenses that Medicare doesn’t cover, such as hearing aids and eyeglasses.  However, this amount does NOT include the costs of a long term care need which could mean another $100,000 and more in spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-9-talk-with-family-especially-your-spouse\">9. Talk with Family — Especially Your Spouse</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to a Fidelity Study, 47% of couples disagree on how much savings are needed to maintain their desired lifestyle (if they agree on desired lifestyle).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Furthermore:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Couples have different ideas for how they want to spend time.&nbsp; “Men are significantly more likely to envision indulging in their favorite sports, women are more likely to envision spending time with family, enjoying hobbies and volunteering in their local community.”</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Thirty-six percent of couples either don’t agree, or don’t know where they plan to live in retirement.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Because your retirement money management involves both you and your spouse, it is important that you get on the same page for spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-10-keep-planning\">10. Keep Planning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Retirement is not the end of the road for managing money in retirement.&nbsp; You can not simply create a retirement plan, retire and live happily ever after.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You need to keep assessing your situation and adjusting your plans as you move through life.&nbsp; Maybe your priorities change or your investments perform differently or perhaps you decide to go back to work.&nbsp; These events will profoundly impact your overall financial well being.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Weekly or monthly financial reviews are a great way to stay on top of your financial wellness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.newretirement.com/retirement/10-money-management-tips-retirement/\">click here.</a></p>\n<!-- /wp:paragraph -->','10 Great Tips for Managing Money in Retirement','','inherit','closed','closed','','3482-revision-v1','','','2023-09-28 17:42:32','2023-09-28 17:42:32','',3482,'http://smartinsurance.tips/?p=3484',0,'revision','',0),(3485,1,'2023-09-28 18:56:06','2023-09-28 18:56:06','<!-- wp:paragraph -->\n<p>Turn your cluttered garage into an oasis of organization.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3486,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-15-1024x536.png\" alt=\"\" class=\"wp-image-3486\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Of all the storage spaces in our homes, our garages are perhaps the most susceptible to devolving into chaos—and the one most in need of garage organization ideas. After all, they have to do so much for us: store our cars, hide our tools, stash our sporting equipment, act as an entry to our homes—the list goes on. Perhaps that\'s why we\'re all always chasing the ever-elusive organized garage of our dreams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Well, we\'re here to tell you: that dream doesn\'t have to feel far off. There are plenty of great garage storage systems out there. To help you along on your quest for peak garage organization, we\'ve rounded up the most genius garage organization ideas out there. From taking advantage of ceiling space (really!) to ingenious hacks for storing workout gear, you\'ll find all the inspiration you need to completely revamp your garage into a functional (and maybe even fun!) space.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>1. <strong>Add a \"Floating\" Shelf</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol></ol>\n<!-- /wp:list -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>When it comes to your garage, there\'s only so much floor space to be had—especially if you\'re storing cars inside as well. That\'s why professional organizer Tink Fisher of Clean House added overhead storage space in this garage. A durable metal shelf suspended from the ceiling houses infrequently-used items, like shop vacs and folding picnic tables.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>2. <strong>Create a Rake Rack</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You\'ve probably seen how handy a hat rack or coat rack can be in your mudroom, right? Well, why not apply that same principle to your garage? Rakes, shovels, and brooms are natural fits for this storage method, as demonstrated in this garage by Allison Fisher of Bee Organized. With this garage organization idea in place, there\'s a spot for every single dust pan, shovel, and Swiffer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3. <strong>Mock Up a Mudroom</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your garage leads right into the heart of your home, you may find yourself wishing for a mudroom to help with the transition. Well, we have good news—you can still set up a really beautiful one, even if it\'s not a separate room. Design blogger Erin Gerlach of Hamilton Park Home did just that in her garage, adding a convenient bench and installing board and batten on the walls to mimic the look—and coziness—of a true mudroom.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>4. <strong>Streamline Your Containers</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Everything looks better when packaged in matching containers—it\'s just a fact of life. The perfect example? This uber-organized garage from Madeline Wood. The Form and Function Organizing pro packaged everything from holiday decor and kids\' costumes to camp gear and lawn essentials into uniform blue plastic tubs to make a visually pleasing display in a client\'s garage. Safely tuck away your backup ice maker in the garage instead of wasting precious storage space in the kitchen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>5. <strong>Create a Mini Locker Room</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you\'re a family of sports aficionados, chances are you have a <em>lot</em> of gear to contend with. Instead of letting it float around your entire garage (and your house), create a mini locker room in the corner of your garage, as Gladiator demonstrates here. From a handy slat board where you can hang skates, gym bags, and helmets, to a storage bench that acts as the perfect place to prep for practice, athletes big and small will feel like total pros.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>6. <strong>Add Dynamic Built-Ins</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Families both big and small need solid organizational systems in place to keep life running smoothly. If you have the space, try adding faux built-ins that boast a section for each family member, like the Indiana-based organizational team behind Seamless Spaces Professional Organizers did. The modular cubbies give each child hanging storage for coats and backpacks, a top cabinet for supplies, and a lower basket for their outdoor gear. With this garage organization idea in action, you\'ll no longer roll over a rogue scooter or basketball every time you try to pull into the garage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>7. <strong>Mix Open and Closed Storage</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There is no one perfect solution for garage storage, and often it ends up being a combination of a few things that help whip your space into shape. If you\'re stuck between a few different storage solutions, make like bloggers Viv and Tim, who relied on IKEA\'s Bror shelving units to provide them with open <em>and </em>closed storage in their garage. The result? A comprehensive system that allows you to quickly grab and go with some items—and keep others out of sight.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>8. <strong>Hang Some Handy French Cleats</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For flexible storage that looks stylish and caters to your every need, look no further than the French cleat. Basically a bracketed wall system that allows for modular storage, French cleats are a great option if you\'re looking for a storage solution that will adapt as your needs change. Erin Gerlach from Hamilton Park Home made this impressive system herself and uses it to house her family\'s outdoor gear and sports equipment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>9. <strong>Create a Dedicated Workspace</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you\'re a DIY fan, don\'t you think you deserve a spot to work that is both functional and organized? Us too. Instead of scattering your tools throughout your garage and popping up a workstation wherever there\'s room, set yourself up for success by dedicating a corner of your garage to your \"shop.\" Here, Chris and Julia Marcum—the duo behind the popular interiors blog Chris Loves Julia—show the transformative power of a few cabinets and butcher block countertops, morphing their garage into a work zone for their many DIY projects.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10. <strong>Store (and Charge) Your Tools in One Spot</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Garages are commonly a catchall spot for tools, so it\'s inevitable that, at one point or another, you\'ll be missing a charger or mixing up battery packs between your power drills. Eliminate the risk of tool commotion by storing—and charging—your gear all in one place. This genius storage piece was handmade by Cristina Garay of RemodelaCasa and serves as an all-in-one spot to both store and charge her wide selection of power tools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>11. <strong>Post Up a Pegboard</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We\'re calling it now: Pegboards are one of the most versatile garage organization ideas out there. Case in point: The <em>very</em> tidy garage of blogger Corey Willis from Hey There Home. She chose to hang a pegboard (among many other smart garage organization ideas—peep that \"floating\" shelf!) by her garage entry for an easy and convenient place to stash commonly used tools and gadgets. Translation: You\'ll never have to hunt down the measuring tape again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>12. <strong>Set Up a Workout Zone</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Garages have many uses, and we\'re not here to assume everyone is housing their tools (or their cars) inside. Many people choose to convert their garage into another workable space for their home, like an office or home gym. Such is the case with this workout zone organized by pro Jen Robin of Life in Jeneral. She used everything from bike hooks to baskets to hold workout gear for a home gym that\'s stocked with all the essentials.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>13. <strong>Make Cleaning a Breeze</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Don\'t want to store all your cleaning supplies inside the house, where they can be found by curious pets or kids? No worries—why not create a cleaning station in your garage instead? That\'s what Abby Lawson of Abby Organizes did in her garage. The pro organizer set up a basin sink and posted up all her cleaning supplies nearby for a one-stop cleaning shop that is out of sight until it\'s needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>14. <strong>Create a Garage Shoe Corral</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Shoe storage is always at a premium. Jenna Corder of Organize It But Make It Pretty used a wide shelf to hold a family\'s worth of shoes—and make it easy to find the exact pair you need. (Bonus: It encourages your family to take their shoes off before they enter the house, to help keep your floors cleaner.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>15. <strong>Add Storage for the Things You Love</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your garage can store more than just tools, pantry items, and old paint. James Malone of Going Up Building and Remodels designed this wine cellar section within a garage space—but recommends making sure that your garage is well insulated to avoid temperature swings that could harm your wine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>16. <strong>Sort by Activity</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Create dedicated spaces for each of your pastimes, and group everything you need together. This storage unit from Häfele can keep golf balls, clubs, and even shoes together so you can grab and go to hit the links faster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>17. <strong>Think Vertically</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Free up valuable garage floor space by moving as many items as possible onto the walls or other spots. Designer Victoria Leone of Optimized Therapy opted to hang bikes on the wall to keep them safely stowed until the next ride—alongside helmets, beach folding chairs, and other outdoor gear.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>18. <strong>Use Labeling to Make It Easy to Find Stuff</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make it simple to find exactly what you need with a clear labeling system. (Use large lettering like Corder did so you can see what\'s inside the top-most bins without breaking out the ladder.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>19. <strong>Make It Easy for Kids to Use</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Open and easy-to-see storage makes it simpler for them to find what they\'re looking for–without dumping out every bin for that basketball.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>20. <strong>Move Storage Away from the Wall</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For this garage renovation, garage designers Garage Flex opted to create a center island with plenty of storage that helps separate the garage into a car space and work and storage space.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.realsimple.com/home-organizing/organizing/garage-organization-ideas\">click here.</a></p>\n<!-- /wp:paragraph -->','20 Clever Garage Organization Ideas to Clear the Chaos','','publish','open','open','','20-clever-garage-organization-ideas-to-clear-the-chaos','','','2023-09-28 18:56:06','2023-09-28 18:56:06','',0,'http://smartinsurance.tips/?p=3485',0,'post','',0),(3486,1,'2023-09-28 18:46:01','2023-09-28 18:46:01','','My-project-1-15','','inherit','open','closed','','my-project-1-15-2','','','2023-09-28 18:46:01','2023-09-28 18:46:01','',3485,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-15.png',0,'attachment','image/png',0),(3487,1,'2023-09-28 18:56:06','2023-09-28 18:56:06','<!-- wp:paragraph -->\n<p>Turn your cluttered garage into an oasis of organization.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3486,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-15-1024x536.png\" alt=\"\" class=\"wp-image-3486\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Of all the storage spaces in our homes, our garages are perhaps the most susceptible to devolving into chaos—and the one most in need of garage organization ideas. After all, they have to do so much for us: store our cars, hide our tools, stash our sporting equipment, act as an entry to our homes—the list goes on. Perhaps that\'s why we\'re all always chasing the ever-elusive organized garage of our dreams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Well, we\'re here to tell you: that dream doesn\'t have to feel far off. There are plenty of great garage storage systems out there. To help you along on your quest for peak garage organization, we\'ve rounded up the most genius garage organization ideas out there. From taking advantage of ceiling space (really!) to ingenious hacks for storing workout gear, you\'ll find all the inspiration you need to completely revamp your garage into a functional (and maybe even fun!) space.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>1. <strong>Add a \"Floating\" Shelf</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol></ol>\n<!-- /wp:list -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>When it comes to your garage, there\'s only so much floor space to be had—especially if you\'re storing cars inside as well. That\'s why professional organizer Tink Fisher of Clean House added overhead storage space in this garage. A durable metal shelf suspended from the ceiling houses infrequently-used items, like shop vacs and folding picnic tables.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>2. <strong>Create a Rake Rack</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You\'ve probably seen how handy a hat rack or coat rack can be in your mudroom, right? Well, why not apply that same principle to your garage? Rakes, shovels, and brooms are natural fits for this storage method, as demonstrated in this garage by Allison Fisher of Bee Organized. With this garage organization idea in place, there\'s a spot for every single dust pan, shovel, and Swiffer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3. <strong>Mock Up a Mudroom</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your garage leads right into the heart of your home, you may find yourself wishing for a mudroom to help with the transition. Well, we have good news—you can still set up a really beautiful one, even if it\'s not a separate room. Design blogger Erin Gerlach of Hamilton Park Home did just that in her garage, adding a convenient bench and installing board and batten on the walls to mimic the look—and coziness—of a true mudroom.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>4. <strong>Streamline Your Containers</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Everything looks better when packaged in matching containers—it\'s just a fact of life. The perfect example? This uber-organized garage from Madeline Wood. The Form and Function Organizing pro packaged everything from holiday decor and kids\' costumes to camp gear and lawn essentials into uniform blue plastic tubs to make a visually pleasing display in a client\'s garage. Safely tuck away your backup ice maker in the garage instead of wasting precious storage space in the kitchen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>5. <strong>Create a Mini Locker Room</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you\'re a family of sports aficionados, chances are you have a <em>lot</em> of gear to contend with. Instead of letting it float around your entire garage (and your house), create a mini locker room in the corner of your garage, as Gladiator demonstrates here. From a handy slat board where you can hang skates, gym bags, and helmets, to a storage bench that acts as the perfect place to prep for practice, athletes big and small will feel like total pros.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>6. <strong>Add Dynamic Built-Ins</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Families both big and small need solid organizational systems in place to keep life running smoothly. If you have the space, try adding faux built-ins that boast a section for each family member, like the Indiana-based organizational team behind Seamless Spaces Professional Organizers did. The modular cubbies give each child hanging storage for coats and backpacks, a top cabinet for supplies, and a lower basket for their outdoor gear. With this garage organization idea in action, you\'ll no longer roll over a rogue scooter or basketball every time you try to pull into the garage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>7. <strong>Mix Open and Closed Storage</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There is no one perfect solution for garage storage, and often it ends up being a combination of a few things that help whip your space into shape. If you\'re stuck between a few different storage solutions, make like bloggers Viv and Tim, who relied on IKEA\'s Bror shelving units to provide them with open <em>and </em>closed storage in their garage. The result? A comprehensive system that allows you to quickly grab and go with some items—and keep others out of sight.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>8. <strong>Hang Some Handy French Cleats</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For flexible storage that looks stylish and caters to your every need, look no further than the French cleat. Basically a bracketed wall system that allows for modular storage, French cleats are a great option if you\'re looking for a storage solution that will adapt as your needs change. Erin Gerlach from Hamilton Park Home made this impressive system herself and uses it to house her family\'s outdoor gear and sports equipment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>9. <strong>Create a Dedicated Workspace</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you\'re a DIY fan, don\'t you think you deserve a spot to work that is both functional and organized? Us too. Instead of scattering your tools throughout your garage and popping up a workstation wherever there\'s room, set yourself up for success by dedicating a corner of your garage to your \"shop.\" Here, Chris and Julia Marcum—the duo behind the popular interiors blog Chris Loves Julia—show the transformative power of a few cabinets and butcher block countertops, morphing their garage into a work zone for their many DIY projects.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10. <strong>Store (and Charge) Your Tools in One Spot</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Garages are commonly a catchall spot for tools, so it\'s inevitable that, at one point or another, you\'ll be missing a charger or mixing up battery packs between your power drills. Eliminate the risk of tool commotion by storing—and charging—your gear all in one place. This genius storage piece was handmade by Cristina Garay of RemodelaCasa and serves as an all-in-one spot to both store and charge her wide selection of power tools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>11. <strong>Post Up a Pegboard</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We\'re calling it now: Pegboards are one of the most versatile garage organization ideas out there. Case in point: The <em>very</em> tidy garage of blogger Corey Willis from Hey There Home. She chose to hang a pegboard (among many other smart garage organization ideas—peep that \"floating\" shelf!) by her garage entry for an easy and convenient place to stash commonly used tools and gadgets. Translation: You\'ll never have to hunt down the measuring tape again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>12. <strong>Set Up a Workout Zone</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Garages have many uses, and we\'re not here to assume everyone is housing their tools (or their cars) inside. Many people choose to convert their garage into another workable space for their home, like an office or home gym. Such is the case with this workout zone organized by pro Jen Robin of Life in Jeneral. She used everything from bike hooks to baskets to hold workout gear for a home gym that\'s stocked with all the essentials.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>13. <strong>Make Cleaning a Breeze</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Don\'t want to store all your cleaning supplies inside the house, where they can be found by curious pets or kids? No worries—why not create a cleaning station in your garage instead? That\'s what Abby Lawson of Abby Organizes did in her garage. The pro organizer set up a basin sink and posted up all her cleaning supplies nearby for a one-stop cleaning shop that is out of sight until it\'s needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>14. <strong>Create a Garage Shoe Corral</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Shoe storage is always at a premium. Jenna Corder of Organize It But Make It Pretty used a wide shelf to hold a family\'s worth of shoes—and make it easy to find the exact pair you need. (Bonus: It encourages your family to take their shoes off before they enter the house, to help keep your floors cleaner.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>15. <strong>Add Storage for the Things You Love</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your garage can store more than just tools, pantry items, and old paint. James Malone of Going Up Building and Remodels designed this wine cellar section within a garage space—but recommends making sure that your garage is well insulated to avoid temperature swings that could harm your wine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>16. <strong>Sort by Activity</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Create dedicated spaces for each of your pastimes, and group everything you need together. This storage unit from Häfele can keep golf balls, clubs, and even shoes together so you can grab and go to hit the links faster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>17. <strong>Think Vertically</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Free up valuable garage floor space by moving as many items as possible onto the walls or other spots. Designer Victoria Leone of Optimized Therapy opted to hang bikes on the wall to keep them safely stowed until the next ride—alongside helmets, beach folding chairs, and other outdoor gear.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>18. <strong>Use Labeling to Make It Easy to Find Stuff</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make it simple to find exactly what you need with a clear labeling system. (Use large lettering like Corder did so you can see what\'s inside the top-most bins without breaking out the ladder.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>19. <strong>Make It Easy for Kids to Use</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Open and easy-to-see storage makes it simpler for them to find what they\'re looking for–without dumping out every bin for that basketball.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>20. <strong>Move Storage Away from the Wall</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For this garage renovation, garage designers Garage Flex opted to create a center island with plenty of storage that helps separate the garage into a car space and work and storage space.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.realsimple.com/home-organizing/organizing/garage-organization-ideas\">click here.</a></p>\n<!-- /wp:paragraph -->','20 Clever Garage Organization Ideas to Clear the Chaos','','inherit','closed','closed','','3485-revision-v1','','','2023-09-28 18:56:06','2023-09-28 18:56:06','',3485,'http://smartinsurance.tips/?p=3487',0,'revision','',0),(3488,1,'2023-09-28 19:22:52','2023-09-28 19:22:52','<!-- wp:paragraph -->\n<p>Don\'t be scared to try these Halloween-themed marketing tactics to build your customer base and engage with your community.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3489,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-41-1024x536.png\" alt=\"\" class=\"wp-image-3489\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Holidays present a unique opportunity to get creative with your business marketing tactics and have some fun with your community — and October is a great month to engage your customers with Halloween marketing ideas. This is an especially good time for your business to get an all-important marketing push before the end-of-year holiday season officially starts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When evaluating the following Halloween marketing ideas, it\'s important to stay true to your brand, business model and customer base. Not every marketing idea will work for your unique business, but incorporating some of the following strategies can help your customers celebrate with your small business, and hopefully keep them coming back after Halloween, as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. Decorate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>For businesses with a brick-and-mortar location, a super simple Halloween marketing idea is to decorate your storefront with Halloween-themed decor. Fake cobwebs, pumpkins, a makeshift scarecrow, spooky menu board or sidewalk sign are all inexpensive but fun ways to decorate your store and catch the eyes of passersby.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. Host a costume party</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Another option is to host an event in your business space to gather the community and encourage them to buy while having fun. Ask attendees to dress up and then provide snacks, drinks and maybe a festive soundtrack. You can get the word out on social media, with flyers at your storefront or via direct mail or email marketing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Advertising for the party alone will be good for your business, but you can also offer special product discounts or services at the party to attract attendees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. Create themed products</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Make limited edition products or menu items that will ignite the Halloween spirit in your customers. If you own a restaurant or cafe, for example, consider new menu items to go along with the holiday. It’s pretty clear that the pumpkin spice craze isn’t going anywhere, and there are countless ways to incorporate ghouls, ghosts, witches and other spooky characters or items into your product plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. Offer spooky deals and discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You don’t always need a reason to provide discount pricing, but attaching deals to holidays is a great way to resonate with your customers and encourage them to take you up on the limited-time offer. You can offer discounts to people who purchase a Halloween-themed product, or those who dress up for the holiday. This can help you draw customers in and could also provide some content to share on your social media channels or in a future business newsletter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. Dress up</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Depending on your type of business, consider dressing in costume yourself while you\'re on the floor or behind the register. If you have employees, you could coordinate a group costume for your entire staff to participate in. This could be relevant to your business itself or something fun from pop culture.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If an entire costume isn\'t feasible, consider customizing Halloween-themed name tags, whether in the shape of a pumpkin of spiderweb or incorporating black and orange colors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. Welcome trick-or-treaters</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>What better way to increase foot traffic to your business than providing free candy for trick-or-treaters? You may also consider some branded swag or coupons to give out to the chaperones. Another option is to put out candy throughout the month of October to get some extra face time with your customers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. Host a Halloween contest or giveaway</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This can be a great way to drive people to your physical storefront or increase your social media following. Post a Halloween-themed contest or customer appreciation giveaway to your social media accounts or advertise it in your store. Typically, people will need to take an action to enter the contest — giving an email address, following your account, tagging friends, etc. Be sure the rules and deadline to enter are clear, and to announce the winner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">8. Consider direct mail</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Rather than wait for potential customers to come into your place of business, reach out to them proactively with a Halloween-themed direct mail campaign. You could send out small promotional items, Halloween-themed coupons or promote future events or contests. It’ll make your customers feel special while also encouraging them to visit your storefront or website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">9. Give out branded trick-or-treat bags</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you\'re welcoming trick-or-treaters to your storefront or want to leave some treats out for taking, consider packaging them in a branded bag for some extra business promotion. It’s a great way to get your business’s name and logo out in the wild on a night when a good majority of the public will be out and about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">10. Partner with fall-themed attractions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>October has a wealth of seasonal businesses that your business could partner with, including haunted houses, apple picking farms, cornfield mazes and pop-up costume stores. See if there’s a way for your business to insert itself in the fun: Be the snack sponsor or provide some free products. While there, you could also hand out coupons for people to use the next time they visit your store or website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">11. Take to social media</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Social media is an important part of any marketing strategy, and planning Halloween-themed posts, stories or videos is a great way to capitalize on the holiday while promoting your brand. The best platforms to use will depend on your business and target audience, but Instagram, Facebook, Twitter and TikTok are a few options to explore.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">12. Host a pumpkin carving contest</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This fall marketing idea is great because it can be done in the weeks leading up to Halloween, draws a crowd and you can end up with some extra decorations in the end. Depending on your space, you may be able to host it in or around your store, which can also help bring customers in to shop. Consider partnering with a local farm to help cut costs and provide cross-promotional opportunities for both your businesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/small-business/halloween-marketing-ideas\">click here.</a></p>\n<!-- /wp:paragraph -->','12 Halloween Marketing Ideas for Your Small Business','','publish','open','open','','12-halloween-marketing-ideas-for-your-small-business','','','2023-09-28 19:22:52','2023-09-28 19:22:52','',0,'http://smartinsurance.tips/?p=3488',0,'post','',0),(3489,1,'2023-09-28 19:21:44','2023-09-28 19:21:44','','My-project-1-41','','inherit','open','closed','','my-project-1-41-2','','','2023-09-28 19:21:44','2023-09-28 19:21:44','',3488,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-41.png',0,'attachment','image/png',0),(3490,1,'2023-09-28 19:22:52','2023-09-28 19:22:52','<!-- wp:paragraph -->\n<p>Don\'t be scared to try these Halloween-themed marketing tactics to build your customer base and engage with your community.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3489,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-41-1024x536.png\" alt=\"\" class=\"wp-image-3489\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Holidays present a unique opportunity to get creative with your business marketing tactics and have some fun with your community — and October is a great month to engage your customers with Halloween marketing ideas. This is an especially good time for your business to get an all-important marketing push before the end-of-year holiday season officially starts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When evaluating the following Halloween marketing ideas, it\'s important to stay true to your brand, business model and customer base. Not every marketing idea will work for your unique business, but incorporating some of the following strategies can help your customers celebrate with your small business, and hopefully keep them coming back after Halloween, as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. Decorate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>For businesses with a brick-and-mortar location, a super simple Halloween marketing idea is to decorate your storefront with Halloween-themed decor. Fake cobwebs, pumpkins, a makeshift scarecrow, spooky menu board or sidewalk sign are all inexpensive but fun ways to decorate your store and catch the eyes of passersby.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. Host a costume party</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Another option is to host an event in your business space to gather the community and encourage them to buy while having fun. Ask attendees to dress up and then provide snacks, drinks and maybe a festive soundtrack. You can get the word out on social media, with flyers at your storefront or via direct mail or email marketing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Advertising for the party alone will be good for your business, but you can also offer special product discounts or services at the party to attract attendees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. Create themed products</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Make limited edition products or menu items that will ignite the Halloween spirit in your customers. If you own a restaurant or cafe, for example, consider new menu items to go along with the holiday. It’s pretty clear that the pumpkin spice craze isn’t going anywhere, and there are countless ways to incorporate ghouls, ghosts, witches and other spooky characters or items into your product plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. Offer spooky deals and discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You don’t always need a reason to provide discount pricing, but attaching deals to holidays is a great way to resonate with your customers and encourage them to take you up on the limited-time offer. You can offer discounts to people who purchase a Halloween-themed product, or those who dress up for the holiday. This can help you draw customers in and could also provide some content to share on your social media channels or in a future business newsletter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. Dress up</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Depending on your type of business, consider dressing in costume yourself while you\'re on the floor or behind the register. If you have employees, you could coordinate a group costume for your entire staff to participate in. This could be relevant to your business itself or something fun from pop culture.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If an entire costume isn\'t feasible, consider customizing Halloween-themed name tags, whether in the shape of a pumpkin of spiderweb or incorporating black and orange colors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. Welcome trick-or-treaters</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>What better way to increase foot traffic to your business than providing free candy for trick-or-treaters? You may also consider some branded swag or coupons to give out to the chaperones. Another option is to put out candy throughout the month of October to get some extra face time with your customers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. Host a Halloween contest or giveaway</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This can be a great way to drive people to your physical storefront or increase your social media following. Post a Halloween-themed contest or customer appreciation giveaway to your social media accounts or advertise it in your store. Typically, people will need to take an action to enter the contest — giving an email address, following your account, tagging friends, etc. Be sure the rules and deadline to enter are clear, and to announce the winner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">8. Consider direct mail</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Rather than wait for potential customers to come into your place of business, reach out to them proactively with a Halloween-themed direct mail campaign. You could send out small promotional items, Halloween-themed coupons or promote future events or contests. It’ll make your customers feel special while also encouraging them to visit your storefront or website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">9. Give out branded trick-or-treat bags</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you\'re welcoming trick-or-treaters to your storefront or want to leave some treats out for taking, consider packaging them in a branded bag for some extra business promotion. It’s a great way to get your business’s name and logo out in the wild on a night when a good majority of the public will be out and about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">10. Partner with fall-themed attractions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>October has a wealth of seasonal businesses that your business could partner with, including haunted houses, apple picking farms, cornfield mazes and pop-up costume stores. See if there’s a way for your business to insert itself in the fun: Be the snack sponsor or provide some free products. While there, you could also hand out coupons for people to use the next time they visit your store or website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">11. Take to social media</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Social media is an important part of any marketing strategy, and planning Halloween-themed posts, stories or videos is a great way to capitalize on the holiday while promoting your brand. The best platforms to use will depend on your business and target audience, but Instagram, Facebook, Twitter and TikTok are a few options to explore.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">12. Host a pumpkin carving contest</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This fall marketing idea is great because it can be done in the weeks leading up to Halloween, draws a crowd and you can end up with some extra decorations in the end. Depending on your space, you may be able to host it in or around your store, which can also help bring customers in to shop. Consider partnering with a local farm to help cut costs and provide cross-promotional opportunities for both your businesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/small-business/halloween-marketing-ideas\">click here.</a></p>\n<!-- /wp:paragraph -->','12 Halloween Marketing Ideas for Your Small Business','','inherit','closed','closed','','3488-revision-v1','','','2023-09-28 19:22:52','2023-09-28 19:22:52','',3488,'http://smartinsurance.tips/?p=3490',0,'revision','',0),(3491,1,'2023-09-28 19:29:25','2023-09-28 19:29:25','<!-- wp:paragraph -->\n<p>It\'s harder than ever to tell if that email, text, or phone call is from someone trying to steal your money, personal information, or both. What you need to know now.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3492,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-17-1-1024x536.png\" alt=\"\" class=\"wp-image-3492\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Technology offers so many convenient ways to keep in touch with friends and family, and manage our daily lives: cell phone calls, emails, texts, social media, and beyond. But it also allows would-be scammers to contact us on these platforms relentlessly—and try to get hold of our money, personal information, and identities. It can make you dread the simple act of answering the phone or opening an email.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That’s how Alyson Friedman feels. A business owner in New York City, Friedman was fooled into giving important financial details to a scammer. “Recently, on a hectic day, I got a text saying there was a problem with my bank account,” she says. It said that for security reasons, she needed to click a provided link and verify her details. Friedman assumed she’d made a mistake in a Zelle payment: “I figured I must have typo’d the address—I’d just sent money for upholstery cleaning.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So Friedman clicked the link and entered her bank account username and password, only to receive another text—that a new user was attempting to log in. Sensing that something was wrong, she called her bank directly. “I felt like such a fool,” says Friedman, who ended up not losing money to the scammer, thanks to her bank’s fraud prevention team. Now, she says, “I barely answer my phone unless I recognize the number.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Given the ever-increasing sophistication of scams and scammers, caution is warranted. Plus, these criminals may be more likely to target older adults, thinking they’re less tech-savvy than their younger counterparts. According to the Federal Trade Commission, those in their 60s and 70s who report that they’ve been defrauded have median losses of $666 and $1,000, respectively. The numbers are $552 for those in their 50s, $600 for those in their 40s, and $590 for those in their 30s.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But you are not powerless against scammers. This guide will help you raise your awareness of criminal gambits in the making, so you can sidestep them. It will also tell you what to do if you’ve been scammed. And don’t feel embarrassed or ashamed if you’ve been tricked, says Eva Velasquez, president and CEO of the Identity Theft Resource Center in San Diego. Even the most tech-savvy people have been fooled by these cunning new frauds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">New Text Scams</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Those text messages certainly are attention-grabbing, saying there’s a problem with your Amazon, Apple, Netflix, bank, or cell phone account, or that you’ve won a great prize or gift card. Or it could have been a “wrong number” text, from someone who supposedly contacted you in error.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever the conceit, these texts usually urge you to click immediately on an embedded link. But doing so can take you to a web page that requests personal information, like passwords to your Netflix account or credit card numbers to “pay” for shipping and taxes on the prize you supposedly won.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Instead of a prize, you could find unauthorized charges on your credit card or worse: Sixty percent of scam texts are designed to transmit “malware,” says Michael Bruemmer, head of global data breach resolution at Experian, the credit reporting agency. This malicious software can infect your device and grab enough personal info to take over your shopping, financial, and social media accounts, or even steal your identity. Text scams, or “smishing,” are overtaking phone call scams as criminals’ digital tool of choice, and now account for 22 percent of all fraud reports to the FTC’s Consumer Sentinel Network, which shares scam info with law enforcement agencies. One likely reason: It’s easy for fraudsters to send out numerous messages at a time via a chatbot, a tool that can engage in human-sounding communication.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Text Scam</strong><br>“One of the best prevention tips is to be wary of any unsolicited, out-of-the-blue outreach,” says Eden Iscil, public policy manager of the nonprofit National Consumers League. And any text that mentions “fraudulent activity detected” or “free gift” should set off alarms. Spelling and grammar mistakes may also be signs of a scam message.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So if you’re unsure, don’t respond or click on a link. Contact the source that the text appeared to come from through official channels. “If it’s regarding your credit card, call the issuer,” Velasquez says. “If it’s about your bank account, call the bank directly or log in to your account online to investigate. Call your cable company’s customer service number directly.” (If you get confirmation that the text was a fake, forward it to 7726 to help your wireless carrier identify scammers. Then block the sender and delete the text.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you opened the text:&nbsp;</strong>Opening a suspicious text or even sending a simple reply—for example, “You don’t have the right person”—won’t put you in danger of malware being transferred to your device or your personal data being taken, Velasquez says. But it does tell the fraudster your number is active, so you could receive more smishing texts in the future. (The same can happen if you click on “unsubscribe” or “stop” links.) Simply forward the text, then block the sender and delete the text.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you clicked on a link and were led to a website, exit the browser ASAP, and delete the URL from your browsing history, Bruemmer says. Then forward, block, and delete as above. Temporarily disconnect from WiFi or turn on airplane mode. Then, because you can’t always tell when a device has been infected with malware, it’s smart to run a security program (see “7 Smart Security Steps,” below). Or call the device’s manufacturer for tech support or a referral to a tech pro who can scan it, Iscil says. And if you shared info that could compromise an account (notably, a password), change relevant information, such as password and username.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed:</strong>&nbsp;The remedies vary, depending on what was taken and how quickly you became aware of the scam. But if, after reporting and blocking the sender, you suspect or know that someone got into accounts that have payment methods associated with them (perhaps you notice an unfamiliar autopayment coming out of your bank account or your credit card issuer put a hold on a card), contact the fraud teams at those companies right away for guidance. You can search online for the contact number. You may have to close some accounts and open new ones, Bruemmer says, and you’ll certainly want to change passwords and usernames of compromised accounts. Then get in touch with the customer service or fraud departments at any nonfinancial accounts and platforms you think may have been affected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your mobile device isn’t working after an encounter with a scammer, whether they reached you by phone or another method, take the device to a tech repair service as soon as possible. This can stop a scammer from accessing your personal data and contacts. Also, call your cell carrier for advice; search its name and “fraud department” online to find the appropriate number. They may have you reset the phone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Filing a report with your local police is wise. You might need to do this if you have to prove to creditors and credit bureaus that you were defrauded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• If you think the scammer may have sufficient information to open lines of credit in your name (your name, address, and Social Security number can be enough), ask the three credit reporting agencies—Equifax, Experian, and TransUnion—to freeze your credit to prevent this. Request copies of your credit reports, too, and monitor them (and all money-related accounts) for a year afterward for oddities like your credit score drifting down for no discernible reason or new credit card accounts you didn’t open.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Watch for unexpected credit or debit cards in the mail, or denials for such cards, says Velasquez at the Identity Theft Resource Center. Iscil at the National Consumers League adds, “Victims of identity theft may also notice incorrect information on a credit report, receive bills for credit cards they did not open, or detect abnormalities on their tax forms or Social Security benefit statements.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Depending on your particular situation, you might want to take additional steps. For instance, if you think your Social Security number or Medicare data was used in fraudulent ways, contact those organizations. The FTC’s IdentityTheft.gov, the Identity Theft Resource Center, the AARP Fraud Helpline (877-908-3360), and your local FBI office may have advice for specific issues.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Latest Phone Scams</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many of us are familiar with those out-of-the-blue calls, alerting us to a supposed computer virus or perhaps telling us we owe money to a company or government agency and must pay right away. These calls may sound believable, but they’re likely from scammers. Phone fraud cost some 68.4 million Americans money in 2022, says the U.S. Spam &amp; Scam Report from Truecaller, creator of a spam-blocking app. The median loss was $1,400 per person scammed, the FTC says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These days, some scammers are taking advantage of technological advances such as artificial intelligence to trick us. With voice cloning, a fraudster snags a snippet of a person’s voice—perhaps from a video on social media or recorded during a prior phone call—and creates false statements with the “voiceprint.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Recently, a Phoenix TV station reported on such a situation. According to KTVK, an Arizona family received a terrifying call from someone who claimed to have kidnapped their daughter—with the sound of her crying in the background. But it was an AI scam, the station says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Scammers can also “spoof”—or fake—phone numbers to make it seem as if they’re calling from a specific organization or area. For instance, a 202 area code (Washington, D.C.) might make a fake call from the IRS seem more credible. Or a criminal may use your area code and first three local digits, hoping the familiar numbers encourage you to pick up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Phone Scam<br></strong>It can be hard to tell, experts say, but statements like “Scam Likely” or “Potential Spam” on your caller ID may be a tip-off. Spam filtering from your phone carrier and manufacturer may help, too (see “Can You Block Scammers?” below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But generally, experts say, it’s best to let unsolicited calls from unfamiliar numbers—and those that appear to be from businesses, government agencies, and other organizations—go right to voicemail. If the caller leaves a message, you can listen to it later.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you think the message might be genuine, look up the company or organization’s contact info on its website. Call that number—not the one that was left on your voicemail. You can’t assume the one in the message is real.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you answered the call:&nbsp;</strong>Picking up tells the scammer that they’ve hit on a working number, which could lead to an uptick in such calls in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>More worrisome is that having a conversation with the caller could allow them to create a voiceprint of you for use in future scams. So the moment you suspect that you’re on the line with a bad actor or scammy robocall, hang up and block the number. With robocalls, don’t press any buttons or use voice commands to opt out of future calls—this can put you on a call-again list, says Bruemmer at Experian.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What if you get one of those scary relative-in-distress calls? Asking a question only they know the answer to can tell you if it’s actually your loved one on the line. (If you’re uncertain, call or text them from another device to verify their safety.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For the future, Rachel Woods, an AI startup founder, recommends in a TikTok post that you establish a safe word—such as Nantucket—with your nearest and dearest, to protect you all from falling for this kind of scam.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed: </strong>If a scam that started with a phone call cost you money or compromised your personal credentials, or you notice your phone isn’t working properly, see the advice in “New Text Scams,” above.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Suspicious Emails</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Phishing emails—which are designed to get you to share financial and other personal info—have been around since the mid-1990s and are still going strong. And these days, evolving technology can make email ruses harder to detect. For instance, fraudsters can rapidly create believable messages with ChatGPT, an AI chatbot, says Steve Baker, founder of the Baker Fraud Report and former director of the FTC’s Midwest region.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Common email scams play on emotions to get you to send money or information: joy (you’ve won something!) or fear (your credit card or utility account is locked, and you must click the link to update your credentials). Some appeal to your desire to help others, like alerts to a GoFundMe for someone with a terrible disease. One such recent plea was for a toddler in need of medical care. But the donation link in the email sent funds to a scammer, according to a caution from the city of Urbana, Ill.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting an Email Scam</strong><br>First, check the email address. On a computer, without opening the email, hover your cursor over the sender’s name to bring up the full address. If it’s not from the sender you expect or it’s odd—say, “Amazonn” instead of “Amazon”—it’s not legit. On a mobile device, open the email and hit reply, but don’t send a response. This should let you see the sender’s address, though you may need to tap on it, Baker says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another red flag is being asked for any payment for something you ostensibly won. Also, a reputable business won’t send an email requesting updated information via an embedded link. You’d likely be asked to log in to your account through its website or to call customer service. When in doubt, go to the business’s official website and get the contact information there. Be cautious about GoFundMe requests with a tight deadline or about requests for cash, crypto, a gift card, or a wire transfer, the FTC says. Tip: A reverse search in Google Images (search in your web browser for how) may tell you whether photos were stolen and are actually associated with other people. For a charity, see how it’s rated on sites such as Charity Navigator and use the organization’s website instead of an email link to donate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you opened the email:</strong>&nbsp;As long as you didn’t click a link or download an attachment, you’re at little risk—even if you replied to the email. (This could put you on an “email again” list, though.) Skip any “click here to unsubscribe” links, which could take you to a malicious website or give criminals the chance to hack your device, says Kathy Stokes, the AARP’s director of fraud protection programs. Label the email “spam” or “junk,” and it should be moved out of your inbox. Then block the sender.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you did click on a link or an attachment, close the email right away, and label and block as described above. And if your click opened a website window, shut it promptly and delete the address from your browser history to make sure you don’t accidentally open it again. Promptly trash any attachment you downloaded and disconnect from WiFi or turn off your phone, tablet, or computer for a minute; this may interrupt any malware that’s downloading. To make sure, run a security program (see “7 Smart Security Steps,” below) or have a tech pro check your device. What if you entered personal details, such as your credit card log-in? See “New Text Scams,” above.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed:</strong>&nbsp;Follow the guidance in “New Text Scams.” And if your email was hacked, ask your email provider what steps you need to take next. For instance, if you can’t regain control of your account, you might need to open a new one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Facebook Frauds</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Scam artists are loading up Facebook, Instagram, and other social media platforms with cons: In 2022, social media was the starting point for 11 percent of reported fraud where a contact method was specified. The median loss per incident was $528.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just a few examples of what you may see in your social media feeds: Ads touting incredible bargains on all kinds of products, offers of low-interest loans and amazing cryptocurrency investing opportunities, friend requests from strangers who think you sound interesting or, curiously, from people you’re already friends with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some are surely scams. Send off your payment for those interesting products, for instance, and you may get nothing, or just an item of little value—like a sticker instead of the 50-piece tool set you ordered, Stokes says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Social Media Scam<br></strong>If you receive an odd message from a friend or relative, they were likely hacked, says Velasquez at the Identity Theft Resource Center. Don’t respond. Contact them off the platform to see if a scammer was reaching out in their name.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That stranger who wants to get to know you on social media? They may be after money and not friendship. It’s wise to ignore anyone you don’t know, no matter how many common connections you have, Stokes says. (And keep in mind that any information you share on social media—from your answers on those ever-present quizzes to pictures from a recent vacation to a health diagnosis—can be used by scammers to buddy up to you and gain your trust.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, any loan or investing opportunity that sounds too good to be true probably is—especially cryptocurrency investment offers. From January 2021 through March 2022, almost $4 out of every $10 reported lost to a fraud originating on social media was in crypto, far more than any other payment method, according to the FTC.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For shopping, you may get some insight by checking for negative comments below a product post, seeing what the Better Business Bureau has to say, and searching online for the business’s name and the word “scam” or “fraud.” Your safest move might be going directly to a familiar brand’s website and buying there, Iscil says. While certain ads in your feed may be legitimate, it can be tough to tell. For instance, Facebook’s blue check mark indicates that the seller’s identity has been verified. But scammers can duplicate such visuals, as well as logos.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you responded: </strong>Merely messaging with another account won’t put you at risk, but stop if you have an uneasy feeling, then block the sender and report the incident to the platform’s help center. If you revealed personal details (account numbers and/or passwords, for instance), or clicked on a link or downloaded an attachment, follow the related advice in “New Text Scams.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed: </strong>Follow the advice in “New Text Scams” to secure your accounts and request charge-backs and refunds. For instance, if you used a credit card to pay for an item that never arrived, contact your card issuer. If you lost money investing in cryptocurrency, your odds of recouping it are low, experts say. But it’s still smart to report it, as outlined in “New Text Scams.” And if you lost access to a social media account because of a scam, get in touch with the platform’s fraud department. Go to the platform’s website to find the contact info. If you have to open a new account, alert friends not to communicate with the old account, to reduce their likelihood of being scammed, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Watch Out for This ATM Card Scam</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When using an ATM, you probably should shield your PIN to make sure no would-be thief sees it. But there’s a newer ATM scam you might not yet be aware of: the “glue and tap.” Here, according to news reports, a fraudster jams an ATM card slot reader so you can’t insert your card. They then suggest that you bypass the slot and use the card’s “tap” function instead. But unless you log out of the account after a tap transaction, which you might not realize is necessary, the scammer can access your account once you’ve walked away from the ATM.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you encounter a jammed ATM terminal and a stranger is on hand offering advice, find another location with a functional machine. You may want to do the same if someone is just loitering near an ATM you want to use, especially if they try to strike up a conversation. “I wouldn’t want to interact with any stranger hanging out while I conduct a financial transaction,” says the AARP’s Kathy Stokes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And if you lost money through an ATM scam, call the police and file a report as soon as possible. Also, immediately contact the bank to request a refund. If you report the crime within two days, you should be protected under the Electronic Fund Transfer Act.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Be Careful With QR Codes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>During the pandemic, restaurants started using QR codes to give touchless access to menus. Patrons scanned the code with their smartphone camera and a link to the menu popped up. Such codes are now used in various official settings—for instance, to provide information to visitors at certain museums, and at Walmart’s self-checkout lanes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But scammers are also creating QR codes that can lead to fake payment websites or download malware, the FBI says. The Better Business Bureau says these may show up in emails or texts offering debt consolidation, on ad flyers, on phony parking tickets placed on windshields, or on stickers put on parking meters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Think twice if you see a QR code on a sticker. “It’s very easy for bad actors to print out a sticker of their own QR code and place it over the legitimate one,” says security expert Eden Iscil.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, bypass any that look odd (very big, small, or pixilated) or are in text or email payment requests, says lawyer Steve Weisman, founder of Scamicide, a website that tracks numerous kinds of scams. Before you use a code, check the website address displayed. The URL should start with “https,” be similar in length to other URLs, and have no misspellings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you scan a code and are sent to an unexpected website, close it, shut your WiFi off, and run a security program or consider having your device scanned by a tech professional—even if you didn’t share personal info or make a payment. “Malware can be downloaded just by connecting to the scammer’s website,” Weisman says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can You Block Scammers?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s no surefire way to stop all undesirable messages. But these strategies can help decrease the volume significantly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Phone Calls<br></strong>Wireless carriers’ free filtering apps, such as AT&amp;T’s ActiveArmor, T-Mobile’s Scam Shield, and Verizon’s Call Filter, identify and block calls that are likely to be scams or spam. Premium options ($4 per month per line) add features like reverse number lookup.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, Apple and Android phones let you silence calls from people you don’t know. On an Android phone, go to the phone app, then Settings, then Blocked numbers, and turn on Unknown. On an iPhone, go to phone Settings, then Phone, then choose Silence Unknown Callers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And you can sign up for the National Do Not Call Registry. This won’t stop fraudsters, but it blocks most real sales calls (groups such as charities and political organizations are exceptions). That way, you’ll know sales calls are fairly likely to be scams—and can be on your guard.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Text Messages<br></strong>On an Android phone, open Messages, tap the three-dot icon on the top right of the screen, go to Settings, then Spam protection, and turn on “Enable spam protection.” This way, you’ll be alerted if a message may be coming from a dubious source. On an iPhone, go to Settings, then Messages, then Filter Unknown Senders, and you won’t receive message notifications from senders who are outside your contacts list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Emails<br></strong>Email platforms do try to block dangerous emails such as phishing attempts, but some could still get into your inbox. You can filter out messages from specific email addresses and those that have particular words in the subject line; search the platform’s help center with a term like “email filtering.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Social Media Accounts<br></strong>Make these as private as possible to keep the circle of people who can post or send you messages small. “That’s the safest option for most consumers,” says Eden Iscil at the National Consumers League. How you do this and what exactly you can do varies by platform, so you’ll need to check your account settings. For instance, on Facebook, you can change the “Who can send you friend requests” setting from “Everyone” to “Friends of friends.”<em>—Melanie Pinola</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7 Smart Security Steps</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Slow down.&nbsp;</strong>Scammers often press you for immediate action. Pause and think through whether what you’re being told is plausible. You can always respond later, through an organization’s official channels—not a mail, text, phone number, social media message, or link sent to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Share less of your personal info.&nbsp;</strong>People on Facebook, Goodreads, and online neighborhood groups don’t need to know your favorite musician, your mother’s maiden name, or your birthday. Such info helps crooks “phish” for possible answers to security questions. Online quizzes can also provide personal info to scammers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Delete old accounts.&nbsp;</strong>The more digital accounts you have, the greater the risk of your personal info being stolen or misused. Shut accounts you rarely use and delete the apps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4. Allow automatic software updates.&nbsp;</strong>These ensure that you always have the latest security patches for smartphone, computer, and router operating systems. Allowing them is usually the default setting, so you might not need to do anything.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5. Double up.&nbsp;</strong>Multifactor authentication provides an extra layer of security. So if someone steals your bank or email password and tries to use it from an unrecognized device, the account remains sealed until you respond with a second proof of identity (like a one-time code). Scammers may try to get these codes, so never share them over the phone or via text or email.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>6. Stick with safe payment methods.</strong> Credit cards (and PayPal) offer legal protections not found with other methods. With gift cards, cryptocurrency, and wire transfers, it’s almost impossible to get your money back if you’re scammed. Peer-to-peer payment apps like Venmo and Zelle also offer little recourse if you get swindled—it’s best to use these only with people you know.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>7. Use antivirus protection. </strong>Windows 10 and 11 have Microsoft Defender Antivirus, which can shield you from threats like malware. (Check settings to make sure it’s turned on.) Apple’s built-in security is always on. You can get additional protection from software like Avast Premium Security or Bitdefender Internet Security. Get comprehensive security tips at the CR Security Planner.<em>—Chris Raymond</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/money/scams-fraud/how-to-protect-yourself-from-scams-and-fraud-a6839928990/\">click here.</a></p>\n<!-- /wp:paragraph -->','The Consumer Reports Scam Protection Guide','','publish','open','open','','the-consumer-reports-scam-protection-guide','','','2023-09-28 19:29:25','2023-09-28 19:29:25','',0,'http://smartinsurance.tips/?p=3491',0,'post','',0),(3492,1,'2023-09-28 19:24:55','2023-09-28 19:24:55','','My-project-1-17-1','','inherit','open','closed','','my-project-1-17-1','','','2023-09-28 19:24:55','2023-09-28 19:24:55','',3491,'http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-17-1.png',0,'attachment','image/png',0),(3493,1,'2023-09-28 19:29:25','2023-09-28 19:29:25','<!-- wp:paragraph -->\n<p>It\'s harder than ever to tell if that email, text, or phone call is from someone trying to steal your money, personal information, or both. What you need to know now.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3492,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/09/My-project-1-17-1-1024x536.png\" alt=\"\" class=\"wp-image-3492\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Technology offers so many convenient ways to keep in touch with friends and family, and manage our daily lives: cell phone calls, emails, texts, social media, and beyond. But it also allows would-be scammers to contact us on these platforms relentlessly—and try to get hold of our money, personal information, and identities. It can make you dread the simple act of answering the phone or opening an email.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That’s how Alyson Friedman feels. A business owner in New York City, Friedman was fooled into giving important financial details to a scammer. “Recently, on a hectic day, I got a text saying there was a problem with my bank account,” she says. It said that for security reasons, she needed to click a provided link and verify her details. Friedman assumed she’d made a mistake in a Zelle payment: “I figured I must have typo’d the address—I’d just sent money for upholstery cleaning.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So Friedman clicked the link and entered her bank account username and password, only to receive another text—that a new user was attempting to log in. Sensing that something was wrong, she called her bank directly. “I felt like such a fool,” says Friedman, who ended up not losing money to the scammer, thanks to her bank’s fraud prevention team. Now, she says, “I barely answer my phone unless I recognize the number.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Given the ever-increasing sophistication of scams and scammers, caution is warranted. Plus, these criminals may be more likely to target older adults, thinking they’re less tech-savvy than their younger counterparts. According to the Federal Trade Commission, those in their 60s and 70s who report that they’ve been defrauded have median losses of $666 and $1,000, respectively. The numbers are $552 for those in their 50s, $600 for those in their 40s, and $590 for those in their 30s.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But you are not powerless against scammers. This guide will help you raise your awareness of criminal gambits in the making, so you can sidestep them. It will also tell you what to do if you’ve been scammed. And don’t feel embarrassed or ashamed if you’ve been tricked, says Eva Velasquez, president and CEO of the Identity Theft Resource Center in San Diego. Even the most tech-savvy people have been fooled by these cunning new frauds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">New Text Scams</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Those text messages certainly are attention-grabbing, saying there’s a problem with your Amazon, Apple, Netflix, bank, or cell phone account, or that you’ve won a great prize or gift card. Or it could have been a “wrong number” text, from someone who supposedly contacted you in error.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever the conceit, these texts usually urge you to click immediately on an embedded link. But doing so can take you to a web page that requests personal information, like passwords to your Netflix account or credit card numbers to “pay” for shipping and taxes on the prize you supposedly won.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Instead of a prize, you could find unauthorized charges on your credit card or worse: Sixty percent of scam texts are designed to transmit “malware,” says Michael Bruemmer, head of global data breach resolution at Experian, the credit reporting agency. This malicious software can infect your device and grab enough personal info to take over your shopping, financial, and social media accounts, or even steal your identity. Text scams, or “smishing,” are overtaking phone call scams as criminals’ digital tool of choice, and now account for 22 percent of all fraud reports to the FTC’s Consumer Sentinel Network, which shares scam info with law enforcement agencies. One likely reason: It’s easy for fraudsters to send out numerous messages at a time via a chatbot, a tool that can engage in human-sounding communication.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Text Scam</strong><br>“One of the best prevention tips is to be wary of any unsolicited, out-of-the-blue outreach,” says Eden Iscil, public policy manager of the nonprofit National Consumers League. And any text that mentions “fraudulent activity detected” or “free gift” should set off alarms. Spelling and grammar mistakes may also be signs of a scam message.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So if you’re unsure, don’t respond or click on a link. Contact the source that the text appeared to come from through official channels. “If it’s regarding your credit card, call the issuer,” Velasquez says. “If it’s about your bank account, call the bank directly or log in to your account online to investigate. Call your cable company’s customer service number directly.” (If you get confirmation that the text was a fake, forward it to 7726 to help your wireless carrier identify scammers. Then block the sender and delete the text.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you opened the text:&nbsp;</strong>Opening a suspicious text or even sending a simple reply—for example, “You don’t have the right person”—won’t put you in danger of malware being transferred to your device or your personal data being taken, Velasquez says. But it does tell the fraudster your number is active, so you could receive more smishing texts in the future. (The same can happen if you click on “unsubscribe” or “stop” links.) Simply forward the text, then block the sender and delete the text.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you clicked on a link and were led to a website, exit the browser ASAP, and delete the URL from your browsing history, Bruemmer says. Then forward, block, and delete as above. Temporarily disconnect from WiFi or turn on airplane mode. Then, because you can’t always tell when a device has been infected with malware, it’s smart to run a security program (see “7 Smart Security Steps,” below). Or call the device’s manufacturer for tech support or a referral to a tech pro who can scan it, Iscil says. And if you shared info that could compromise an account (notably, a password), change relevant information, such as password and username.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed:</strong>&nbsp;The remedies vary, depending on what was taken and how quickly you became aware of the scam. But if, after reporting and blocking the sender, you suspect or know that someone got into accounts that have payment methods associated with them (perhaps you notice an unfamiliar autopayment coming out of your bank account or your credit card issuer put a hold on a card), contact the fraud teams at those companies right away for guidance. You can search online for the contact number. You may have to close some accounts and open new ones, Bruemmer says, and you’ll certainly want to change passwords and usernames of compromised accounts. Then get in touch with the customer service or fraud departments at any nonfinancial accounts and platforms you think may have been affected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your mobile device isn’t working after an encounter with a scammer, whether they reached you by phone or another method, take the device to a tech repair service as soon as possible. This can stop a scammer from accessing your personal data and contacts. Also, call your cell carrier for advice; search its name and “fraud department” online to find the appropriate number. They may have you reset the phone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Filing a report with your local police is wise. You might need to do this if you have to prove to creditors and credit bureaus that you were defrauded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• If you think the scammer may have sufficient information to open lines of credit in your name (your name, address, and Social Security number can be enough), ask the three credit reporting agencies—Equifax, Experian, and TransUnion—to freeze your credit to prevent this. Request copies of your credit reports, too, and monitor them (and all money-related accounts) for a year afterward for oddities like your credit score drifting down for no discernible reason or new credit card accounts you didn’t open.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Watch for unexpected credit or debit cards in the mail, or denials for such cards, says Velasquez at the Identity Theft Resource Center. Iscil at the National Consumers League adds, “Victims of identity theft may also notice incorrect information on a credit report, receive bills for credit cards they did not open, or detect abnormalities on their tax forms or Social Security benefit statements.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Depending on your particular situation, you might want to take additional steps. For instance, if you think your Social Security number or Medicare data was used in fraudulent ways, contact those organizations. The FTC’s IdentityTheft.gov, the Identity Theft Resource Center, the AARP Fraud Helpline (877-908-3360), and your local FBI office may have advice for specific issues.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Latest Phone Scams</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many of us are familiar with those out-of-the-blue calls, alerting us to a supposed computer virus or perhaps telling us we owe money to a company or government agency and must pay right away. These calls may sound believable, but they’re likely from scammers. Phone fraud cost some 68.4 million Americans money in 2022, says the U.S. Spam &amp; Scam Report from Truecaller, creator of a spam-blocking app. The median loss was $1,400 per person scammed, the FTC says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These days, some scammers are taking advantage of technological advances such as artificial intelligence to trick us. With voice cloning, a fraudster snags a snippet of a person’s voice—perhaps from a video on social media or recorded during a prior phone call—and creates false statements with the “voiceprint.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Recently, a Phoenix TV station reported on such a situation. According to KTVK, an Arizona family received a terrifying call from someone who claimed to have kidnapped their daughter—with the sound of her crying in the background. But it was an AI scam, the station says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Scammers can also “spoof”—or fake—phone numbers to make it seem as if they’re calling from a specific organization or area. For instance, a 202 area code (Washington, D.C.) might make a fake call from the IRS seem more credible. Or a criminal may use your area code and first three local digits, hoping the familiar numbers encourage you to pick up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Phone Scam<br></strong>It can be hard to tell, experts say, but statements like “Scam Likely” or “Potential Spam” on your caller ID may be a tip-off. Spam filtering from your phone carrier and manufacturer may help, too (see “Can You Block Scammers?” below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But generally, experts say, it’s best to let unsolicited calls from unfamiliar numbers—and those that appear to be from businesses, government agencies, and other organizations—go right to voicemail. If the caller leaves a message, you can listen to it later.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you think the message might be genuine, look up the company or organization’s contact info on its website. Call that number—not the one that was left on your voicemail. You can’t assume the one in the message is real.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you answered the call:&nbsp;</strong>Picking up tells the scammer that they’ve hit on a working number, which could lead to an uptick in such calls in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>More worrisome is that having a conversation with the caller could allow them to create a voiceprint of you for use in future scams. So the moment you suspect that you’re on the line with a bad actor or scammy robocall, hang up and block the number. With robocalls, don’t press any buttons or use voice commands to opt out of future calls—this can put you on a call-again list, says Bruemmer at Experian.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What if you get one of those scary relative-in-distress calls? Asking a question only they know the answer to can tell you if it’s actually your loved one on the line. (If you’re uncertain, call or text them from another device to verify their safety.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For the future, Rachel Woods, an AI startup founder, recommends in a TikTok post that you establish a safe word—such as Nantucket—with your nearest and dearest, to protect you all from falling for this kind of scam.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed: </strong>If a scam that started with a phone call cost you money or compromised your personal credentials, or you notice your phone isn’t working properly, see the advice in “New Text Scams,” above.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Suspicious Emails</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Phishing emails—which are designed to get you to share financial and other personal info—have been around since the mid-1990s and are still going strong. And these days, evolving technology can make email ruses harder to detect. For instance, fraudsters can rapidly create believable messages with ChatGPT, an AI chatbot, says Steve Baker, founder of the Baker Fraud Report and former director of the FTC’s Midwest region.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Common email scams play on emotions to get you to send money or information: joy (you’ve won something!) or fear (your credit card or utility account is locked, and you must click the link to update your credentials). Some appeal to your desire to help others, like alerts to a GoFundMe for someone with a terrible disease. One such recent plea was for a toddler in need of medical care. But the donation link in the email sent funds to a scammer, according to a caution from the city of Urbana, Ill.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting an Email Scam</strong><br>First, check the email address. On a computer, without opening the email, hover your cursor over the sender’s name to bring up the full address. If it’s not from the sender you expect or it’s odd—say, “Amazonn” instead of “Amazon”—it’s not legit. On a mobile device, open the email and hit reply, but don’t send a response. This should let you see the sender’s address, though you may need to tap on it, Baker says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another red flag is being asked for any payment for something you ostensibly won. Also, a reputable business won’t send an email requesting updated information via an embedded link. You’d likely be asked to log in to your account through its website or to call customer service. When in doubt, go to the business’s official website and get the contact information there. Be cautious about GoFundMe requests with a tight deadline or about requests for cash, crypto, a gift card, or a wire transfer, the FTC says. Tip: A reverse search in Google Images (search in your web browser for how) may tell you whether photos were stolen and are actually associated with other people. For a charity, see how it’s rated on sites such as Charity Navigator and use the organization’s website instead of an email link to donate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you opened the email:</strong>&nbsp;As long as you didn’t click a link or download an attachment, you’re at little risk—even if you replied to the email. (This could put you on an “email again” list, though.) Skip any “click here to unsubscribe” links, which could take you to a malicious website or give criminals the chance to hack your device, says Kathy Stokes, the AARP’s director of fraud protection programs. Label the email “spam” or “junk,” and it should be moved out of your inbox. Then block the sender.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you did click on a link or an attachment, close the email right away, and label and block as described above. And if your click opened a website window, shut it promptly and delete the address from your browser history to make sure you don’t accidentally open it again. Promptly trash any attachment you downloaded and disconnect from WiFi or turn off your phone, tablet, or computer for a minute; this may interrupt any malware that’s downloading. To make sure, run a security program (see “7 Smart Security Steps,” below) or have a tech pro check your device. What if you entered personal details, such as your credit card log-in? See “New Text Scams,” above.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed:</strong>&nbsp;Follow the guidance in “New Text Scams.” And if your email was hacked, ask your email provider what steps you need to take next. For instance, if you can’t regain control of your account, you might need to open a new one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Facebook Frauds</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Scam artists are loading up Facebook, Instagram, and other social media platforms with cons: In 2022, social media was the starting point for 11 percent of reported fraud where a contact method was specified. The median loss per incident was $528.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just a few examples of what you may see in your social media feeds: Ads touting incredible bargains on all kinds of products, offers of low-interest loans and amazing cryptocurrency investing opportunities, friend requests from strangers who think you sound interesting or, curiously, from people you’re already friends with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some are surely scams. Send off your payment for those interesting products, for instance, and you may get nothing, or just an item of little value—like a sticker instead of the 50-piece tool set you ordered, Stokes says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spotting a Social Media Scam<br></strong>If you receive an odd message from a friend or relative, they were likely hacked, says Velasquez at the Identity Theft Resource Center. Don’t respond. Contact them off the platform to see if a scammer was reaching out in their name.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That stranger who wants to get to know you on social media? They may be after money and not friendship. It’s wise to ignore anyone you don’t know, no matter how many common connections you have, Stokes says. (And keep in mind that any information you share on social media—from your answers on those ever-present quizzes to pictures from a recent vacation to a health diagnosis—can be used by scammers to buddy up to you and gain your trust.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, any loan or investing opportunity that sounds too good to be true probably is—especially cryptocurrency investment offers. From January 2021 through March 2022, almost $4 out of every $10 reported lost to a fraud originating on social media was in crypto, far more than any other payment method, according to the FTC.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For shopping, you may get some insight by checking for negative comments below a product post, seeing what the Better Business Bureau has to say, and searching online for the business’s name and the word “scam” or “fraud.” Your safest move might be going directly to a familiar brand’s website and buying there, Iscil says. While certain ads in your feed may be legitimate, it can be tough to tell. For instance, Facebook’s blue check mark indicates that the seller’s identity has been verified. But scammers can duplicate such visuals, as well as logos.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you responded: </strong>Merely messaging with another account won’t put you at risk, but stop if you have an uneasy feeling, then block the sender and report the incident to the platform’s help center. If you revealed personal details (account numbers and/or passwords, for instance), or clicked on a link or downloaded an attachment, follow the related advice in “New Text Scams.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>If you got scammed: </strong>Follow the advice in “New Text Scams” to secure your accounts and request charge-backs and refunds. For instance, if you used a credit card to pay for an item that never arrived, contact your card issuer. If you lost money investing in cryptocurrency, your odds of recouping it are low, experts say. But it’s still smart to report it, as outlined in “New Text Scams.” And if you lost access to a social media account because of a scam, get in touch with the platform’s fraud department. Go to the platform’s website to find the contact info. If you have to open a new account, alert friends not to communicate with the old account, to reduce their likelihood of being scammed, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Watch Out for This ATM Card Scam</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When using an ATM, you probably should shield your PIN to make sure no would-be thief sees it. But there’s a newer ATM scam you might not yet be aware of: the “glue and tap.” Here, according to news reports, a fraudster jams an ATM card slot reader so you can’t insert your card. They then suggest that you bypass the slot and use the card’s “tap” function instead. But unless you log out of the account after a tap transaction, which you might not realize is necessary, the scammer can access your account once you’ve walked away from the ATM.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you encounter a jammed ATM terminal and a stranger is on hand offering advice, find another location with a functional machine. You may want to do the same if someone is just loitering near an ATM you want to use, especially if they try to strike up a conversation. “I wouldn’t want to interact with any stranger hanging out while I conduct a financial transaction,” says the AARP’s Kathy Stokes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And if you lost money through an ATM scam, call the police and file a report as soon as possible. Also, immediately contact the bank to request a refund. If you report the crime within two days, you should be protected under the Electronic Fund Transfer Act.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Be Careful With QR Codes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>During the pandemic, restaurants started using QR codes to give touchless access to menus. Patrons scanned the code with their smartphone camera and a link to the menu popped up. Such codes are now used in various official settings—for instance, to provide information to visitors at certain museums, and at Walmart’s self-checkout lanes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But scammers are also creating QR codes that can lead to fake payment websites or download malware, the FBI says. The Better Business Bureau says these may show up in emails or texts offering debt consolidation, on ad flyers, on phony parking tickets placed on windshields, or on stickers put on parking meters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Think twice if you see a QR code on a sticker. “It’s very easy for bad actors to print out a sticker of their own QR code and place it over the legitimate one,” says security expert Eden Iscil.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, bypass any that look odd (very big, small, or pixilated) or are in text or email payment requests, says lawyer Steve Weisman, founder of Scamicide, a website that tracks numerous kinds of scams. Before you use a code, check the website address displayed. The URL should start with “https,” be similar in length to other URLs, and have no misspellings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you scan a code and are sent to an unexpected website, close it, shut your WiFi off, and run a security program or consider having your device scanned by a tech professional—even if you didn’t share personal info or make a payment. “Malware can be downloaded just by connecting to the scammer’s website,” Weisman says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can You Block Scammers?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s no surefire way to stop all undesirable messages. But these strategies can help decrease the volume significantly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Phone Calls<br></strong>Wireless carriers’ free filtering apps, such as AT&amp;T’s ActiveArmor, T-Mobile’s Scam Shield, and Verizon’s Call Filter, identify and block calls that are likely to be scams or spam. Premium options ($4 per month per line) add features like reverse number lookup.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, Apple and Android phones let you silence calls from people you don’t know. On an Android phone, go to the phone app, then Settings, then Blocked numbers, and turn on Unknown. On an iPhone, go to phone Settings, then Phone, then choose Silence Unknown Callers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And you can sign up for the National Do Not Call Registry. This won’t stop fraudsters, but it blocks most real sales calls (groups such as charities and political organizations are exceptions). That way, you’ll know sales calls are fairly likely to be scams—and can be on your guard.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Text Messages<br></strong>On an Android phone, open Messages, tap the three-dot icon on the top right of the screen, go to Settings, then Spam protection, and turn on “Enable spam protection.” This way, you’ll be alerted if a message may be coming from a dubious source. On an iPhone, go to Settings, then Messages, then Filter Unknown Senders, and you won’t receive message notifications from senders who are outside your contacts list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Emails<br></strong>Email platforms do try to block dangerous emails such as phishing attempts, but some could still get into your inbox. You can filter out messages from specific email addresses and those that have particular words in the subject line; search the platform’s help center with a term like “email filtering.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>For Social Media Accounts<br></strong>Make these as private as possible to keep the circle of people who can post or send you messages small. “That’s the safest option for most consumers,” says Eden Iscil at the National Consumers League. How you do this and what exactly you can do varies by platform, so you’ll need to check your account settings. For instance, on Facebook, you can change the “Who can send you friend requests” setting from “Everyone” to “Friends of friends.”<em>—Melanie Pinola</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7 Smart Security Steps</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Slow down.&nbsp;</strong>Scammers often press you for immediate action. Pause and think through whether what you’re being told is plausible. You can always respond later, through an organization’s official channels—not a mail, text, phone number, social media message, or link sent to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Share less of your personal info.&nbsp;</strong>People on Facebook, Goodreads, and online neighborhood groups don’t need to know your favorite musician, your mother’s maiden name, or your birthday. Such info helps crooks “phish” for possible answers to security questions. Online quizzes can also provide personal info to scammers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Delete old accounts.&nbsp;</strong>The more digital accounts you have, the greater the risk of your personal info being stolen or misused. Shut accounts you rarely use and delete the apps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4. Allow automatic software updates.&nbsp;</strong>These ensure that you always have the latest security patches for smartphone, computer, and router operating systems. Allowing them is usually the default setting, so you might not need to do anything.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5. Double up.&nbsp;</strong>Multifactor authentication provides an extra layer of security. So if someone steals your bank or email password and tries to use it from an unrecognized device, the account remains sealed until you respond with a second proof of identity (like a one-time code). Scammers may try to get these codes, so never share them over the phone or via text or email.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>6. Stick with safe payment methods.</strong> Credit cards (and PayPal) offer legal protections not found with other methods. With gift cards, cryptocurrency, and wire transfers, it’s almost impossible to get your money back if you’re scammed. Peer-to-peer payment apps like Venmo and Zelle also offer little recourse if you get swindled—it’s best to use these only with people you know.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>7. Use antivirus protection. </strong>Windows 10 and 11 have Microsoft Defender Antivirus, which can shield you from threats like malware. (Check settings to make sure it’s turned on.) Apple’s built-in security is always on. You can get additional protection from software like Avast Premium Security or Bitdefender Internet Security. Get comprehensive security tips at the CR Security Planner.<em>—Chris Raymond</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/money/scams-fraud/how-to-protect-yourself-from-scams-and-fraud-a6839928990/\">click here.</a></p>\n<!-- /wp:paragraph -->','The Consumer Reports Scam Protection Guide','','inherit','closed','closed','','3491-revision-v1','','','2023-09-28 19:29:25','2023-09-28 19:29:25','',3491,'http://smartinsurance.tips/?p=3493',0,'revision','',0),(3496,1,'2023-10-01 02:08:49','2023-10-01 02:08:49','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3497,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-18-1024x536.png\" alt=\"\" class=\"wp-image-3497\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Learning how to be a good leader can greatly impact the success of your team, your organization and yourself.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To be an effective leader, you must understand your own motivations, strengths and weaknesses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Great leaders connect with their team by facilitating open communication, encouraging employee growth and development, and giving and receiving feedback.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Anyone can sit in a corner office and delegate tasks, but there is more to effective leadership than that. Effective leaders have major impacts on not only the team members they manage, but also their company as a whole. Employees who work under great leaders tend to be happier, more productive and more connected to their organization – and this has a ripple effect that reaches your business’s bottom line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“I think a great leader is one who makes those around them better,” Dana Brownlee, founder of Professionalism Matters, told Business News Daily. “There are many litmus tests for a great leader, but I really look to those around them: Are they growing, becoming better leaders themselves, motivated, etc.?”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you look around and see that your team members have become disengaged or stagnant in their work, it may be time to reassess and reform your strategies. According to Brownlee, the following behaviors are signs that you may have a poor leadership strategy:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>No one on your team has criticized one of your ideas in the past month.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You spend more time planning your own career progression than that of your team members.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You haven’t had at least three completely non-work-related conversations with a team member weekly.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Different team members would provide different answers if asked your top three priorities for the year.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Team members are afraid to fail.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>A recent study by the Center for Creative Leadership showed that roughly 38% to more than half of new leaders fail within their first 18 months. Leaders can avoid becoming part of this staggering statistic by incorporating good leadership strategies that motivate their team members to accomplish their goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We spoke with CEOs, directors and leadership experts to learn what those leadership strategies are and how you can incorporate them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Engage in honest, open communication.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the most important elements of effective leadership is creating an open line of communication with your team members. Sanjay Patoliya, the founder and director of Teclogiq, said that your own honesty and transparency should serve as an example for your team members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“When you are responsible for a team of people, it is important to be straightforward,” he said. “Your company and its employees are a reflection of yourself, and if you make honest and ethical behavior as a key value, your team will follow.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Brownlee added that great leaders are able to customize their interactions and communication styles to suit each situation and team member, based on individual preferences. “This means they take the time to figure out which communication mode is preferred by each team member – e.g., are they a text person, email, phone, or face-to-face? They’re also great listeners and are authentically interested in other people.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Displaying active communication skills and transparency can build trust among your team and improve overall morale. Ruslan Fazlyev,&nbsp;CEO and founder of e-commerce solutions provider&nbsp;Ecwid, said that in all your communications, it’s important to be genuine above all else.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“There are many leadership styles; there’s no right and wrong,” he said. “But there’s genuine, and there’s fake. There’s no following to fake leadership.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Connect with your team members.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leading a group of people requires a mutual sense of trust and understanding between the leader and their team members. To achieve this, leaders should learn to connect.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Terry “Starbucker” St. Marie, a leadership&nbsp;writer&nbsp;and consultant, said that being a “more human” leader requires positivity, purpose, empathy, compassion, humility and love. These key traits will put you on the road to genuine connections with the members of your team.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Building a real, personal connection with your teammates is vital to developing the shared trust necessary to build a strong culture of accountability and exceptional performance,” St. Marie said. “With that culture in place, the team can achieve a successful business, a happy team and a fulfilled leader.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To build a connection with each of your team members, focus on getting to know their personality, interests, strengths, weaknesses, hobbies and preferences. This can give you insight into their goals and motivations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Patoliya said that successful leaders allow their teams to develop autonomy and add value according to their own personal strengths. “Being able to recognize the strengths of individuals within their team, and allowing them to be responsible and accountable, not only increases employees’ confidence in themselves and their leader, but also increases their performance.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Encourage personal and professional growth.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Acting as your team’s cheerleader is an important part of being an effective leader. You should be invested in their success and growth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keri Ohlrich, the CEO of HR consulting company Abbracci Group, said that leaders should set aside a budget, if only a small one, to dedicate to the growth of their employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“With options as varied as on-demand, virtual [and] in-person options, there’s ample opportunity to continue learning new skills or further developing existing ones,” she said. “Empower your employees to take the time to learn and infuse that in the work they do.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to investing in your employees’ growth financially, you should invest emotionally. John Rampton, founder and CEO of Calendar, said that great leaders empower their employees to grow by giving them challenging opportunities and guiding them as needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“To motivate and inspire employees, leadership strategy is about empowering others to do their best and take on new challenges,” he said. “Employees like challenges and feeling the satisfaction of overcoming them. Whether it’s a tough client, a difficult sale, a hard situation or whatever the case, it’s always good to let them take on these challenges.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When leaders believe in their employees and give them the opportunity to learn and grow, they might be surprised how much they can accomplish. Don’t be afraid to delegate tasks and encourage freedom and creativity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4. Keep a positive attitude.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As much as leaders wish their team’s day-to-day operations could run smoothly all the time, they’re bound to run into the occasional obstacle. Whether it’s a minor miscommunication or a major error, the way you handle a negative situation says a lot about your leadership skills.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Robert Mann, author of <em>The Measure of a Leader</em> (iUniverse, 2013), recommended focusing on the good in any set of circumstances. “Look at three positive things about a problem before you identify what makes it dissatisfying. The more you look at the positives in a problem, the more positively people react with one another.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In his research, Mann has found that after individuals point out things they’re happy with in a problematic situation, they don’t feel so strongly about the problem and are better able to think clearly and solve it. The same is true when a leader needs to improve their strategy. If you or a team member notices a particular course of action you’ve taken that just isn’t working, figure out some things you’ve done in the past that have worked.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Patoliya added that focusing on solutions, rather than problems, can help your team maintain positive engagement. “A positive environment is more likely to create a more engaged and productive workforce. By displaying enthusiasm and confidence, a good leader will see the impact that they can have in their working environment.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5. Teach employees instead of giving orders.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An effective leader knows how to show others what is required, rather than simply telling them. Luke Iorio, president and CEO of the&nbsp;Institute for Professional Excellence in Coaching&nbsp;(iPEC), said leaders should coach their team members toward a more collaborative, committed work environment – without coaxing them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“[If you are] controlling people to do certain things in certain ways, you’re not going to get the level of engagement that you’re looking for,” he said. “Coaching is about helping the people you lead recognize the choices they have in front of them. People will [then] take a great deal of ownership over the direction of the project.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As opposed to simply barking orders at team members, Rampton said that good leaders should encourage growth by teaching. “People wouldn’t grow if leaders never taught them anything. Leaders need to be teaching so they can grow new leaders to take their place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>6. Set clear employee goals and expectations.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Setting clear goals and employee expectations for your team is key to employee success. When setting these objectives, encourage employee questions and feedback. Including them in the process can increase engagement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Amish Shah, president of ALTR Created Diamonds, said that good leaders will also explain the company vision and how team member goals fit into that equation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“For a leader to motivate and inspire, they need to keep their team in the know about their vision,” he said. “This helps employees understand the end result they’re working towards as a unit. When goals are clearly set, everyone can track progress and identify achievements in a tangible manner.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ohlrich also stressed the importance of explaining how these goals impact the organization as a whole. She said that, regardless of seniority level, every employee should be able to articulate how the work they do supports the success of the company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Don’t let team member goals go static. Periodically revisit goals to modify or rearrange them as needed. This will let your team members know that you are present and aware of what they are working on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>7. Give direct feedback about performance.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Taso Du Val,&nbsp;CEO and founder of the&nbsp;Toptal&nbsp;freelance talent network, said direct, honest feedback – even if it’s criticism – is the best way to guide your team in the right direction. You also need to know exactly where your business is headed so you can give them the right advice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If you’re not direct, people won’t know what you truly think about them and their work, and they will never be able to improve,” Du Val said. “If you don’t know the precise direction your company is headed, no matter how much you’ve communicated to your employees and leadership team regarding their individual performance, they will flounder when it comes to making decisions and taking actions. Once those basic principles are in place, deadlines, regular product plans, performance reviews, structure and processes can easily be put into place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to providing constructive feedback and performance reviews, highlight employee accomplishments. If a team member does something great, let them know. Celebrate their wins and thank them for their hard work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Positive recognition will create an environment of productivity,” said Shah. “Acknowledging successes by outlining how it impacts the business, rather than with vague pats on the back, is not only encouraging but also helps a person work better in the long run.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>8. Ask for feedback on your leadership.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your team members aren’t the only ones who can benefit from honest feedback. A true self-assessment of your leadership can be difficult, so mentors, fellow professionals and even your own staff are invaluable in evaluating your effectiveness. According to St. Marie, talking to friends and peers can give you necessary perspective on your leadership style and approach.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leadership coaching can also help you discover areas where you need improvement. A professional who helps you develop a plan to achieve your leadership goals can be more motivational than books and seminars alone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Coaching allows leaders to make the connection and apply [changes] in a real-life setting,” Iorio said. “You need time to integrate, process and reflect, and unless you go through those steps, you won’t have sustainable change.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Fazlyev agreed, noting that your team can give you critical insight into what’s working, what’s not working and what obstructions you must overcome to achieve success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>9. Be open to new ideas.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Good leaders have the emotional intelligence to understand and accept that change is inevitable. Instead of trying to maintain a status quo just for the sake of consistency, embrace change and innovation. Be open to new ideas and alternative ways of thinking. Everyone brings a unique perspective to the table, and that is something to take advantage of, not discourage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“When you’re open to hearing the thoughts of the talent around you is when you truly embrace every possibility and potential,” said Shah. “See things through till the end. Understand that there will be errors along the way, but if something doesn’t work, try to figure out why and how before scrapping it.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When solving a problem, encourage team members to provide their insights. When employees feel like they can openly bring new ideas to the table, true innovation, engagement and success can prevail.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>10. Understand your own motivation.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If a person in a&nbsp;leadership&nbsp;position views their role as “just a job,” it’s going to show. To be an effective leader, you need the right motivation. Is it the money or the prestige you care about, or do you sincerely want to inspire people to do their best?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>St. Marie advised leaders to really ask themselves why they want to lead.&nbsp;“I look at leadership as an honor and a vocation. If, in your heart, you feel leadership is your destiny and how you’ll make a difference in this world, then you are certainly starting from the right place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to what motivates you, Ohlrich said it is important to know what decreases your energy. “Knowing your strengths and weaknesses help you diversify your team and get a well-rounded portfolio of skills. It helps you not hire carbon copies of yourself and surround yourself with others who are not like you.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your leadership style plays a role in how you interact with employees and should be evaluated as well. There are nine different leadership styles, and the best leaders are able to adapt each style to their situations and employees. If you are currently in a leadership role and aren’t sure where you stand on some of these qualities, you can take a quick leadership self-assessment quiz from the Leading With Courage Academy to assess your leadership abilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Remember that being a good leader takes time. Although some individuals are naturally inclined to have good leadership skills, it is something anyone can learn and improve upon. With hard work, dedication and strategic planning, you can lead your team to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.businessnewsdaily.com/4991-effective-leadership-skills.html\">click here.</a></p>\n<!-- /wp:paragraph -->','10 Ways to Become a Better Leader','','publish','open','open','','10-ways-to-become-a-better-leader','','','2023-10-01 02:08:49','2023-10-01 02:08:49','',0,'http://smartinsurance.tips/?p=3496',0,'post','',0),(3497,1,'2023-10-01 02:03:40','2023-10-01 02:03:40','','My-project-1-18','','inherit','open','closed','','my-project-1-18-2','','','2023-10-01 02:03:40','2023-10-01 02:03:40','',3496,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-18.png',0,'attachment','image/png',0),(3498,1,'2023-10-01 02:08:49','2023-10-01 02:08:49','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3497,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-18-1024x536.png\" alt=\"\" class=\"wp-image-3497\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Learning how to be a good leader can greatly impact the success of your team, your organization and yourself.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To be an effective leader, you must understand your own motivations, strengths and weaknesses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Great leaders connect with their team by facilitating open communication, encouraging employee growth and development, and giving and receiving feedback.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Anyone can sit in a corner office and delegate tasks, but there is more to effective leadership than that. Effective leaders have major impacts on not only the team members they manage, but also their company as a whole. Employees who work under great leaders tend to be happier, more productive and more connected to their organization – and this has a ripple effect that reaches your business’s bottom line.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“I think a great leader is one who makes those around them better,” Dana Brownlee, founder of Professionalism Matters, told Business News Daily. “There are many litmus tests for a great leader, but I really look to those around them: Are they growing, becoming better leaders themselves, motivated, etc.?”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you look around and see that your team members have become disengaged or stagnant in their work, it may be time to reassess and reform your strategies. According to Brownlee, the following behaviors are signs that you may have a poor leadership strategy:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>No one on your team has criticized one of your ideas in the past month.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You spend more time planning your own career progression than that of your team members.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You haven’t had at least three completely non-work-related conversations with a team member weekly.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Different team members would provide different answers if asked your top three priorities for the year.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Team members are afraid to fail.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>A recent study by the Center for Creative Leadership showed that roughly 38% to more than half of new leaders fail within their first 18 months. Leaders can avoid becoming part of this staggering statistic by incorporating good leadership strategies that motivate their team members to accomplish their goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We spoke with CEOs, directors and leadership experts to learn what those leadership strategies are and how you can incorporate them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Engage in honest, open communication.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the most important elements of effective leadership is creating an open line of communication with your team members. Sanjay Patoliya, the founder and director of Teclogiq, said that your own honesty and transparency should serve as an example for your team members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“When you are responsible for a team of people, it is important to be straightforward,” he said. “Your company and its employees are a reflection of yourself, and if you make honest and ethical behavior as a key value, your team will follow.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Brownlee added that great leaders are able to customize their interactions and communication styles to suit each situation and team member, based on individual preferences. “This means they take the time to figure out which communication mode is preferred by each team member – e.g., are they a text person, email, phone, or face-to-face? They’re also great listeners and are authentically interested in other people.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Displaying active communication skills and transparency can build trust among your team and improve overall morale. Ruslan Fazlyev,&nbsp;CEO and founder of e-commerce solutions provider&nbsp;Ecwid, said that in all your communications, it’s important to be genuine above all else.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“There are many leadership styles; there’s no right and wrong,” he said. “But there’s genuine, and there’s fake. There’s no following to fake leadership.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Connect with your team members.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leading a group of people requires a mutual sense of trust and understanding between the leader and their team members. To achieve this, leaders should learn to connect.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Terry “Starbucker” St. Marie, a leadership&nbsp;writer&nbsp;and consultant, said that being a “more human” leader requires positivity, purpose, empathy, compassion, humility and love. These key traits will put you on the road to genuine connections with the members of your team.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Building a real, personal connection with your teammates is vital to developing the shared trust necessary to build a strong culture of accountability and exceptional performance,” St. Marie said. “With that culture in place, the team can achieve a successful business, a happy team and a fulfilled leader.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To build a connection with each of your team members, focus on getting to know their personality, interests, strengths, weaknesses, hobbies and preferences. This can give you insight into their goals and motivations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Patoliya said that successful leaders allow their teams to develop autonomy and add value according to their own personal strengths. “Being able to recognize the strengths of individuals within their team, and allowing them to be responsible and accountable, not only increases employees’ confidence in themselves and their leader, but also increases their performance.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Encourage personal and professional growth.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Acting as your team’s cheerleader is an important part of being an effective leader. You should be invested in their success and growth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keri Ohlrich, the CEO of HR consulting company Abbracci Group, said that leaders should set aside a budget, if only a small one, to dedicate to the growth of their employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“With options as varied as on-demand, virtual [and] in-person options, there’s ample opportunity to continue learning new skills or further developing existing ones,” she said. “Empower your employees to take the time to learn and infuse that in the work they do.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to investing in your employees’ growth financially, you should invest emotionally. John Rampton, founder and CEO of Calendar, said that great leaders empower their employees to grow by giving them challenging opportunities and guiding them as needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“To motivate and inspire employees, leadership strategy is about empowering others to do their best and take on new challenges,” he said. “Employees like challenges and feeling the satisfaction of overcoming them. Whether it’s a tough client, a difficult sale, a hard situation or whatever the case, it’s always good to let them take on these challenges.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When leaders believe in their employees and give them the opportunity to learn and grow, they might be surprised how much they can accomplish. Don’t be afraid to delegate tasks and encourage freedom and creativity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4. Keep a positive attitude.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As much as leaders wish their team’s day-to-day operations could run smoothly all the time, they’re bound to run into the occasional obstacle. Whether it’s a minor miscommunication or a major error, the way you handle a negative situation says a lot about your leadership skills.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Robert Mann, author of <em>The Measure of a Leader</em> (iUniverse, 2013), recommended focusing on the good in any set of circumstances. “Look at three positive things about a problem before you identify what makes it dissatisfying. The more you look at the positives in a problem, the more positively people react with one another.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In his research, Mann has found that after individuals point out things they’re happy with in a problematic situation, they don’t feel so strongly about the problem and are better able to think clearly and solve it. The same is true when a leader needs to improve their strategy. If you or a team member notices a particular course of action you’ve taken that just isn’t working, figure out some things you’ve done in the past that have worked.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Patoliya added that focusing on solutions, rather than problems, can help your team maintain positive engagement. “A positive environment is more likely to create a more engaged and productive workforce. By displaying enthusiasm and confidence, a good leader will see the impact that they can have in their working environment.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5. Teach employees instead of giving orders.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An effective leader knows how to show others what is required, rather than simply telling them. Luke Iorio, president and CEO of the&nbsp;Institute for Professional Excellence in Coaching&nbsp;(iPEC), said leaders should coach their team members toward a more collaborative, committed work environment – without coaxing them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“[If you are] controlling people to do certain things in certain ways, you’re not going to get the level of engagement that you’re looking for,” he said. “Coaching is about helping the people you lead recognize the choices they have in front of them. People will [then] take a great deal of ownership over the direction of the project.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As opposed to simply barking orders at team members, Rampton said that good leaders should encourage growth by teaching. “People wouldn’t grow if leaders never taught them anything. Leaders need to be teaching so they can grow new leaders to take their place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>6. Set clear employee goals and expectations.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Setting clear goals and employee expectations for your team is key to employee success. When setting these objectives, encourage employee questions and feedback. Including them in the process can increase engagement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Amish Shah, president of ALTR Created Diamonds, said that good leaders will also explain the company vision and how team member goals fit into that equation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“For a leader to motivate and inspire, they need to keep their team in the know about their vision,” he said. “This helps employees understand the end result they’re working towards as a unit. When goals are clearly set, everyone can track progress and identify achievements in a tangible manner.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ohlrich also stressed the importance of explaining how these goals impact the organization as a whole. She said that, regardless of seniority level, every employee should be able to articulate how the work they do supports the success of the company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Don’t let team member goals go static. Periodically revisit goals to modify or rearrange them as needed. This will let your team members know that you are present and aware of what they are working on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>7. Give direct feedback about performance.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Taso Du Val,&nbsp;CEO and founder of the&nbsp;Toptal&nbsp;freelance talent network, said direct, honest feedback – even if it’s criticism – is the best way to guide your team in the right direction. You also need to know exactly where your business is headed so you can give them the right advice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If you’re not direct, people won’t know what you truly think about them and their work, and they will never be able to improve,” Du Val said. “If you don’t know the precise direction your company is headed, no matter how much you’ve communicated to your employees and leadership team regarding their individual performance, they will flounder when it comes to making decisions and taking actions. Once those basic principles are in place, deadlines, regular product plans, performance reviews, structure and processes can easily be put into place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to providing constructive feedback and performance reviews, highlight employee accomplishments. If a team member does something great, let them know. Celebrate their wins and thank them for their hard work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Positive recognition will create an environment of productivity,” said Shah. “Acknowledging successes by outlining how it impacts the business, rather than with vague pats on the back, is not only encouraging but also helps a person work better in the long run.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>8. Ask for feedback on your leadership.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your team members aren’t the only ones who can benefit from honest feedback. A true self-assessment of your leadership can be difficult, so mentors, fellow professionals and even your own staff are invaluable in evaluating your effectiveness. According to St. Marie, talking to friends and peers can give you necessary perspective on your leadership style and approach.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leadership coaching can also help you discover areas where you need improvement. A professional who helps you develop a plan to achieve your leadership goals can be more motivational than books and seminars alone.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Coaching allows leaders to make the connection and apply [changes] in a real-life setting,” Iorio said. “You need time to integrate, process and reflect, and unless you go through those steps, you won’t have sustainable change.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Fazlyev agreed, noting that your team can give you critical insight into what’s working, what’s not working and what obstructions you must overcome to achieve success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>9. Be open to new ideas.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Good leaders have the emotional intelligence to understand and accept that change is inevitable. Instead of trying to maintain a status quo just for the sake of consistency, embrace change and innovation. Be open to new ideas and alternative ways of thinking. Everyone brings a unique perspective to the table, and that is something to take advantage of, not discourage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“When you’re open to hearing the thoughts of the talent around you is when you truly embrace every possibility and potential,” said Shah. “See things through till the end. Understand that there will be errors along the way, but if something doesn’t work, try to figure out why and how before scrapping it.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When solving a problem, encourage team members to provide their insights. When employees feel like they can openly bring new ideas to the table, true innovation, engagement and success can prevail.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>10. Understand your own motivation.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If a person in a&nbsp;leadership&nbsp;position views their role as “just a job,” it’s going to show. To be an effective leader, you need the right motivation. Is it the money or the prestige you care about, or do you sincerely want to inspire people to do their best?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>St. Marie advised leaders to really ask themselves why they want to lead.&nbsp;“I look at leadership as an honor and a vocation. If, in your heart, you feel leadership is your destiny and how you’ll make a difference in this world, then you are certainly starting from the right place.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to what motivates you, Ohlrich said it is important to know what decreases your energy. “Knowing your strengths and weaknesses help you diversify your team and get a well-rounded portfolio of skills. It helps you not hire carbon copies of yourself and surround yourself with others who are not like you.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your leadership style plays a role in how you interact with employees and should be evaluated as well. There are nine different leadership styles, and the best leaders are able to adapt each style to their situations and employees. If you are currently in a leadership role and aren’t sure where you stand on some of these qualities, you can take a quick leadership self-assessment quiz from the Leading With Courage Academy to assess your leadership abilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Remember that being a good leader takes time. Although some individuals are naturally inclined to have good leadership skills, it is something anyone can learn and improve upon. With hard work, dedication and strategic planning, you can lead your team to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.businessnewsdaily.com/4991-effective-leadership-skills.html\">click here.</a></p>\n<!-- /wp:paragraph -->','10 Ways to Become a Better Leader','','inherit','closed','closed','','3496-revision-v1','','','2023-10-01 02:08:49','2023-10-01 02:08:49','',3496,'http://smartinsurance.tips/?p=3498',0,'revision','',0),(3499,1,'2023-10-01 02:12:56','2023-10-01 02:12:56','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3500,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-38-1024x536.png\" alt=\"\" class=\"wp-image-3500\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Too much Halloween candy got you spooked? Try some of these healthy tips for party snacks and trick-or-treats. Ideas so good, it’s scary!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Curb the Candy Craze</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The kids look adorable in their costumes and are counting down the days until October 31! Are you ready for the sugar rush? With a little creativity, you can find fun ways to include some healthy options in the mix, whether you’re having a party with friends or trick-or-treating in the neighborhood.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Try these tips to make your Halloween festivities a little healthier for your family, party guests and trick-or-treaters.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Trick-or-Treater</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Fill up first. </strong>What kid doesn’t want to eat their favorite candy right when it goes into their trick-or-treat bag? Having a healthy meal BEFORE your kids go trick-or-treating can reduce their temptation to snack while walking or to overindulge, because their tummies will be full.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Bag the monster bag.</strong>&nbsp;Choose or make a smaller collection container for your child and steer clear of the pillow case method. If you encourage kids to only take one piece of candy from each house, they’ll be able to visit more houses in the neighborhood.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Get moving.</strong> Get some exercise by making Halloween a fun family activity. Walk instead of driving kids house to house. Set a goal of how many houses or streets you’ll visit, or compete in teams to do as many as you can. Bring a bottle of water and a flashlight, and wear comfortable shoes for walking.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Look before you eat.</strong>&nbsp;Check expiration dates and inspect all edibles before allowing children to eat them. Don’t let children eat anything with questionable or unknown ingredients, especially if they have food allergies.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Have a plan. </strong>Halloween, and Eat Smart Month in November, can be a great time to talk with kids about moderation and making smart eating choices. Plan in advance how much candy they’ll be allowed to take at each house, keep, and eat. If they’re old enough, let them help decide what to do with excess candy. See our suggestions later on in this article.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Party Host</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Up the fright factor. </strong>Serve healthy snacks dressed up in the Halloween theme. There are lots of creative ideas being shared online at this time of year, like banana ghosts, apple monster mouths, carrot witch fingers, and candy-corn-colored fruit popsicles or parfaits!<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Play with food.&nbsp;</strong>Incorporate healthy foods into party activities, such as decorating oranges like Jack-O-Lanterns and bobbing for apples.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep ’em on their feet.</strong>&nbsp;Include plenty of physical activities, like a zombie dance party, three-legged monster race, spider crawl, or pumpkin toss.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Rethink the drink.</strong>&nbsp;Don’t forget that cutting back on sugary treats includes soda and sugar-sweetened beverages. Offer water, unsweetened tea, 100% juice, or fat-free/low-fat milk instead.&nbsp;Make a Halloween-themed punch from sparkling water and a splash of 100% orange juice, garnished with plenty of orange slices and black grapes or blackberries.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Stay-At-Home Crew</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>No self-service.</strong>&nbsp;Hand out treats to each trick-or-treater – one per child – instead of letting them decide how much to take. If you have more than one item, ask them to choose which they prefer. This can help you get control of your Halloween budget, too!<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Avoid the whole mess.</strong>&nbsp;Want to avoid candy altogether, not to mention masses of kids at your door? Dress your family up in costumes and go see a movie or deliver healthy Halloween treats to your local police or fire station, nursing home, or children’s hospital.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Be&nbsp;<em>that</em>&nbsp;house.&nbsp;</strong>You don’t have to pass out candy on Halloween. Start a new tradition and give out healthier treats or non-edible items. Don’t worry, we’re not talking about toothbrushes! Get creative, and keep it colorful and kid-friendly. Here are some ideas.<br><br><strong>Healthier Treats:</strong></li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Clementines, blood oranges, or oranges decorated like Jack-O-Lanterns (with non-toxic ink)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>100% juice boxes or pouches</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Snack-sized packages of pretzels, popcorn, graham crackers, dried fruit or vegetables, trail mix, nuts, or pumpkin seeds</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>100% real fruit strips, ropes or leathers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Squeezable yogurt tubes or pouches</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Single-serving containers of mandarin oranges</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Sugar-free gum<br><strong><br>Non-edible items:</strong></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Glow sticks or small glow-in-the-dark toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bouncy balls</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mini plush toys and wind-up toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Crayons and coloring books (or intricate coloring pages for older kids)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Stickers or stamps</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Temporary tattoos</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bubble makers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Spider rings or vampire teeth</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Slime, putty or squishy toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Friendship bracelets</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><em>Be careful to avoid giving very small items that could be a choking hazard to little ones.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">What to Do with Excess Candy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Afraid you’ll be dealing with an excess of Halloween treats until long after Valentine’s Day?&nbsp;<strong>Here are some ideas for enjoying the evening’s haul responsibly and getting rid of leftover candy:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Let each child keep enough candy to have one or two pieces a day for one or two weeks (long enough for the excitement to wane). Throw away, donate or re-purpose the rest.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>When your child asks for a piece of candy, pair it with a healthy snack: an apple, a banana, some nuts, or celery with peanut butter.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>“Buy back” candy from your child with money or tokens they can trade in for a fun activity: a day at the zoo, an afternoon playing at the park, going ice skating, or a day at the pool.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some dentists’ offices have buy-back or trade-in programs, too.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Save it for holiday baking.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Save it to fill the piñata at the next birthday celebration or give out with Valentine cards.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Use it in an arts and crafts project or to decorate a holiday gingerbread house.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Donate excess candy to a homeless shelter, children’s hospital, or care package program for troops overseas. A familiar sweet treat from home can be comforting at the holidays.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Have no fear – you got this! Let’s make Halloween fun, spooky, and a little healthier, too.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.heart.org/en/healthy-living/healthy-eating/eat-smart/nutrition-basics/how-to-have-a-healthy-halloween\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Have a Healthy Halloween','','publish','open','open','','how-to-have-a-healthy-halloween','','','2023-10-01 02:12:56','2023-10-01 02:12:56','',0,'http://smartinsurance.tips/?p=3499',0,'post','',0),(3500,1,'2023-10-01 02:10:23','2023-10-01 02:10:23','','My-project-1-38','','inherit','open','closed','','my-project-1-38-3','','','2023-10-01 02:10:23','2023-10-01 02:10:23','',3499,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-38.png',0,'attachment','image/png',0),(3501,1,'2023-10-01 02:12:56','2023-10-01 02:12:56','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3500,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-38-1024x536.png\" alt=\"\" class=\"wp-image-3500\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Too much Halloween candy got you spooked? Try some of these healthy tips for party snacks and trick-or-treats. Ideas so good, it’s scary!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Curb the Candy Craze</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The kids look adorable in their costumes and are counting down the days until October 31! Are you ready for the sugar rush? With a little creativity, you can find fun ways to include some healthy options in the mix, whether you’re having a party with friends or trick-or-treating in the neighborhood.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Try these tips to make your Halloween festivities a little healthier for your family, party guests and trick-or-treaters.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Trick-or-Treater</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Fill up first. </strong>What kid doesn’t want to eat their favorite candy right when it goes into their trick-or-treat bag? Having a healthy meal BEFORE your kids go trick-or-treating can reduce their temptation to snack while walking or to overindulge, because their tummies will be full.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Bag the monster bag.</strong>&nbsp;Choose or make a smaller collection container for your child and steer clear of the pillow case method. If you encourage kids to only take one piece of candy from each house, they’ll be able to visit more houses in the neighborhood.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Get moving.</strong> Get some exercise by making Halloween a fun family activity. Walk instead of driving kids house to house. Set a goal of how many houses or streets you’ll visit, or compete in teams to do as many as you can. Bring a bottle of water and a flashlight, and wear comfortable shoes for walking.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Look before you eat.</strong>&nbsp;Check expiration dates and inspect all edibles before allowing children to eat them. Don’t let children eat anything with questionable or unknown ingredients, especially if they have food allergies.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Have a plan. </strong>Halloween, and Eat Smart Month in November, can be a great time to talk with kids about moderation and making smart eating choices. Plan in advance how much candy they’ll be allowed to take at each house, keep, and eat. If they’re old enough, let them help decide what to do with excess candy. See our suggestions later on in this article.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Party Host</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Up the fright factor. </strong>Serve healthy snacks dressed up in the Halloween theme. There are lots of creative ideas being shared online at this time of year, like banana ghosts, apple monster mouths, carrot witch fingers, and candy-corn-colored fruit popsicles or parfaits!<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Play with food.&nbsp;</strong>Incorporate healthy foods into party activities, such as decorating oranges like Jack-O-Lanterns and bobbing for apples.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep ’em on their feet.</strong>&nbsp;Include plenty of physical activities, like a zombie dance party, three-legged monster race, spider crawl, or pumpkin toss.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Rethink the drink.</strong>&nbsp;Don’t forget that cutting back on sugary treats includes soda and sugar-sweetened beverages. Offer water, unsweetened tea, 100% juice, or fat-free/low-fat milk instead.&nbsp;Make a Halloween-themed punch from sparkling water and a splash of 100% orange juice, garnished with plenty of orange slices and black grapes or blackberries.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">For the Stay-At-Home Crew</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>No self-service.</strong>&nbsp;Hand out treats to each trick-or-treater – one per child – instead of letting them decide how much to take. If you have more than one item, ask them to choose which they prefer. This can help you get control of your Halloween budget, too!<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Avoid the whole mess.</strong>&nbsp;Want to avoid candy altogether, not to mention masses of kids at your door? Dress your family up in costumes and go see a movie or deliver healthy Halloween treats to your local police or fire station, nursing home, or children’s hospital.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Be&nbsp;<em>that</em>&nbsp;house.&nbsp;</strong>You don’t have to pass out candy on Halloween. Start a new tradition and give out healthier treats or non-edible items. Don’t worry, we’re not talking about toothbrushes! Get creative, and keep it colorful and kid-friendly. Here are some ideas.<br><br><strong>Healthier Treats:</strong></li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Clementines, blood oranges, or oranges decorated like Jack-O-Lanterns (with non-toxic ink)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>100% juice boxes or pouches</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Snack-sized packages of pretzels, popcorn, graham crackers, dried fruit or vegetables, trail mix, nuts, or pumpkin seeds</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>100% real fruit strips, ropes or leathers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Squeezable yogurt tubes or pouches</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Single-serving containers of mandarin oranges</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Sugar-free gum<br><strong><br>Non-edible items:</strong></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Glow sticks or small glow-in-the-dark toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bouncy balls</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mini plush toys and wind-up toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Crayons and coloring books (or intricate coloring pages for older kids)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Stickers or stamps</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Temporary tattoos</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bubble makers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Spider rings or vampire teeth</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Slime, putty or squishy toys</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Friendship bracelets</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><em>Be careful to avoid giving very small items that could be a choking hazard to little ones.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">What to Do with Excess Candy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Afraid you’ll be dealing with an excess of Halloween treats until long after Valentine’s Day?&nbsp;<strong>Here are some ideas for enjoying the evening’s haul responsibly and getting rid of leftover candy:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Let each child keep enough candy to have one or two pieces a day for one or two weeks (long enough for the excitement to wane). Throw away, donate or re-purpose the rest.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>When your child asks for a piece of candy, pair it with a healthy snack: an apple, a banana, some nuts, or celery with peanut butter.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>“Buy back” candy from your child with money or tokens they can trade in for a fun activity: a day at the zoo, an afternoon playing at the park, going ice skating, or a day at the pool.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some dentists’ offices have buy-back or trade-in programs, too.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Save it for holiday baking.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Save it to fill the piñata at the next birthday celebration or give out with Valentine cards.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Use it in an arts and crafts project or to decorate a holiday gingerbread house.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Donate excess candy to a homeless shelter, children’s hospital, or care package program for troops overseas. A familiar sweet treat from home can be comforting at the holidays.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Have no fear – you got this! Let’s make Halloween fun, spooky, and a little healthier, too.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.heart.org/en/healthy-living/healthy-eating/eat-smart/nutrition-basics/how-to-have-a-healthy-halloween\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Have a Healthy Halloween','','inherit','closed','closed','','3499-revision-v1','','','2023-10-01 02:12:56','2023-10-01 02:12:56','',3499,'http://smartinsurance.tips/?p=3501',0,'revision','',0),(3502,1,'2023-10-01 02:19:18','2023-10-01 02:19:18','<!-- wp:paragraph -->\n<p>From Craigslist to eBay and beyond, here\'s how to turn your castoffs into cash.</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\":3503,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-21-1024x536.png\" alt=\"\" class=\"wp-image-3503\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Americans have a lot of stuff—in our closets, basements, attics, garages, and in some 2 billion square feet of rental self-storage space. And a lot of that stuff, whether it’s been inherited, acquired over a lifetime, or delivered to our door during the pandemic, is overflow we want to get rid of. But beyond honoring the time-tested tradition of the neighborhood yard sale or hauling it all to the local consignment shop or simply donating it, what are the best ways these days to shed objects and maybe get some return on your investment?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There’s eBay, of course, the peer-to-peer online seller pioneered in 1995 that’s still a behemoth. It has 133 million active users, and in 2022 nearly $74 billion worth of goods were traded there. But its huge reach doesn’t automatically qualify it as the best place to sell, say, a player piano you inherited or a pair of Gucci loafers. There’s a galaxy of online resellers in what’s called the “recommerce market” that specialize in particular types of secondhand goods, whether it’s furniture, apparel, sporting goods, or more. Altogether, the market is enormous, projected to reach $289 billion in sales by 2027, according to a report from the mobile selling platform OfferUp. It also found that 25 percent of Americans used reselling as a secondary source of income in 2022.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To be clear, decluttering with the aim to turn trash into treasure can be a lot of work. Before you start, reflect on whether you have the bandwidth and time for it or whether you’re better off having the stuff hauled away for you, says Jevata Crawford, a professional organizer whose company, Project Move in Allentown, Pa., helps people downsize and clear out homes of deceased relatives. Pro organizers charge about $75 to $100 an hour.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Or you can call local charities that run resale shops or find new purposes for used goods to see whether they’ll take the stuff off your hands.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you decide to do it yourself, before you start, search recalls.gov to make sure nothing you’re selling has been recalled, which is illegal as well as unsafe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here are some other tips to make the job worth it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Finding the Right Buyers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>“There’s somebody looking for every type of thing you can imagine,” says Crawford, who sometimes sells clients’ castoffs on eBay. The trick, she says, is to figure out the best platform for each item, noting the different levels of effort required in terms of marketing and getting it to its new owner, and the different costs and commissions. How money changes hands also varies, with many sites handling the financial end and others leaving it to you. So you need to consider not only what you’re selling but also how much help you want and how much of the proceeds you want to keep.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For Tiffany Gamblin of Greenbrier, Tenn., the platform of choice is Poshmark. If eBay is the general store of the internet, Poshmark is the corner boutique, with 80 million registered users buying and selling primarily new and secondhand clothes and accessories. Before committing to the platform, Gamblin researched it to see what other people were selling and how they marketed their wares. After six weeks of reconnaissance, she posted a listing. “The first thing I sold was a T-shirt. Just a basic T-shirt. I was on cloud nine,” she says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Gamblin’s Poshmark store, “Spiffed With Tiff,” now has over 41,000 followers and 700 listings of her surplus items, plus things she’s sourced specifically for resale. She manages her store—creating the listings with photos and managing fulfillment—while working full time as a clinical trial director at a medical office. (The platform handles buyers’ payments and sends sellers prepaid shipping labels to use.) Gamblin says that after paying Poshmark the small commission it takes on each transaction, about 20 percent of the sale price, she’s earned $3,400 in just under a year, a decent haul considering she lists most items for under $30.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>AptDeco deals in home decor and furniture, including high-end pieces like an Eero Saarinen for Knoll oval dining table ($11,540 retail, listed at $7,000) and an entire $500-and-under section filled with everyday furniture. Sellers fill out an online questionnaire with details about the item they’re offering before uploading photos. The site can enhance the images, for example, by silhouetting the item, and it suggests pricing. It also manages the money end so that you don’t have to. There’s an option for sellers and buyers to exchange messages, but it’s all done through the website. When your item sells, the buyer can pick it up or AptDeco can arrange for it to be delivered for a fee. The company keeps up to 48 percent of the sale.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On the other end of the spectrum is Craigslist, which is free to use except in certain places and for items in a few categories, including motor vehicles. But you’re on your own for listing items, communicating with potential buyers, and arranging pickup or drop-off and payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Listing an Item for Sale</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you’ve settled on a platform, the next step is to create your listing. While particulars vary depending on the site you’re selling on, there are some general guidelines.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Price it right.&nbsp;</strong>Many platforms allow you to search previous sales of similar items to determine the going rate for any given thing. Using them, you might be surprised by how much your old junk is worth. A recent eBay search of sold items uncovered an 80 percent-full 6.5-ounce Bath &amp; Body Works lotion in the beloved but no longer available Aromatherapy Optimism Bright Blossoms scent that went for $24.99, plus shipping.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have something of value you can’t evaluate that way, you may want to call in a pro. Use the member directory of the Appraisers Association of America to find someone who, for a fee, can assess your item’s value. Expect to pay anywhere from $25 to over $300 an hour for an appraiser to do this, according to HomeAdvisor, which connects homeowners to service professionals. If you have an in-demand item you think will inspire lots of interest that could drive up the price, instead of setting a price you may want to try selling it by auction, an option on eBay. (You can set a reserve, or minimum, price you’re willing to accept to safeguard against the item selling too cheaply.) Auction listings on eBay are active for one to 10 days, while buy-it-now or fixed-price sales don’t expire. On eBay and many other recommerce sites, you can also allow potential buyers to make you an offer. Poshmark even lets you set up a live online auction to hawk your wares.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Headlines matter.&nbsp;</strong>Descriptive headlines attract buyers, so write ones that help shoppers doing keyword searches on the site find what you’re selling. Your item is likely to move faster if instead of “blue cardigan” you write “women’s medium navy blue cropped V-neck 100% cotton cardigan.” You can also include key terms like gently used, vintage, or NWT (new with tags).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Be honest in the product description.&nbsp;</strong>Clearly disclose the condition of the item you’re selling and the materials it’s made of. A good practice is to underpromise and overdeliver, so be sure to point out flaws if there are any, and provide accurate measurements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Use photos.&nbsp;</strong>Make sure to include numerous clear and well-lit images that make your item look attractive. Photos should be taken from multiple angles—top to bottom, back and front. Iron clothing items and lay them flat, or better yet, put them on a tailor’s form. Where appropriate, style the photo, for example, by using interesting or colorful backgrounds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Be responsive.&nbsp;</strong>Prompt communication and clear answers will reassure buyers that you’re engaged and motivated to sell. Opt for alerts from the platform to make sure you don’t leave potential buyers on the line for too long.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Set a time limit.&nbsp;</strong>Indicate how long you’ll keep the listing active until the item sells.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Where to Do Your Selling</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you’ve figured out what you want to sell, you’ll need to decide where to sell it. Here’s a sampling of some of the biggest reselling sites in the U.S., with info on what each specializes in and how much they charge for the service.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Stay Safe When You Sell</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Take these precautionary steps whenever you’re exchanging goods for money, in person or not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When selling items online, there’s always the chance you’ll encounter a shady buyer or an outright scammer. So it’s important to take precautions, especially when using a platform like Facebook Marketplace or Craigslist, where it’s common to exchange cash for goods in person.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even when using a platform that’s more anonymous—one that handles payments so that sellers and buyers don’t have to exchange payment or banking information, and where goods are shipped or delivered rather than picked up—you still have to be careful.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Never take a transaction or discussion off the platform.&nbsp;</strong>Scammers may entice you by offering more than your asking price, for example, perhaps with the intention of ripping you off. Or they may falsely claim the goods you sold them never arrived or were damaged and demand that you make restitution. If anything about an interaction with a buyer feels amiss, contact the website’s customer service or fraud department.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: For in-person transactions, always lay out all of the terms in advance—the price, type of payment, meeting location, and time.</strong> If possible, complete the transaction during daylight hours in a public place, like a police station. Hundreds of police stations in the U.S. participate in a program called SafeTrade, which was founded by Peter Zollman in 2015 to give online buyers and sellers a public meet-up space that’s under surveillance to finalize deals. Go to safetradespots.com to find one near you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Meet at a secure location.&nbsp;</strong>If you’re selling something so large that the buyer has to come to your home to see it, consider meeting at a police station in advance to photograph each other’s ID. Tell your buyer that it’s for their protection as well as your own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Be cautious about what kind of payment you accept. </strong>Cash is king, but say no to personal checks, which may bounce, or money orders and cashier’s checks, which are easily counterfeited. Instead, use services such as PayPal, Venmo, and Zelle because they allow you to receive payment for the item you’re selling without having to give up your banking details. Another benefit: You can see that the money has been transferred into your account before you hand over the merchandise.</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/resale/how-to-sell-stuff-you-no-longer-need-a1873700998/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Sell Stuff You No Longer Need','','publish','open','open','','how-to-sell-stuff-you-no-longer-need','','','2023-10-01 02:19:18','2023-10-01 02:19:18','',0,'http://smartinsurance.tips/?p=3502',0,'post','',0),(3503,1,'2023-10-01 02:17:14','2023-10-01 02:17:14','','My-project-1-21','','inherit','open','closed','','my-project-1-21-2','','','2023-10-01 02:17:14','2023-10-01 02:17:14','',3502,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-21.png',0,'attachment','image/png',0),(3504,1,'2023-10-01 02:19:18','2023-10-01 02:19:18','<!-- wp:paragraph -->\n<p>From Craigslist to eBay and beyond, here\'s how to turn your castoffs into cash.</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\":3503,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-21-1024x536.png\" alt=\"\" class=\"wp-image-3503\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Americans have a lot of stuff—in our closets, basements, attics, garages, and in some 2 billion square feet of rental self-storage space. And a lot of that stuff, whether it’s been inherited, acquired over a lifetime, or delivered to our door during the pandemic, is overflow we want to get rid of. But beyond honoring the time-tested tradition of the neighborhood yard sale or hauling it all to the local consignment shop or simply donating it, what are the best ways these days to shed objects and maybe get some return on your investment?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There’s eBay, of course, the peer-to-peer online seller pioneered in 1995 that’s still a behemoth. It has 133 million active users, and in 2022 nearly $74 billion worth of goods were traded there. But its huge reach doesn’t automatically qualify it as the best place to sell, say, a player piano you inherited or a pair of Gucci loafers. There’s a galaxy of online resellers in what’s called the “recommerce market” that specialize in particular types of secondhand goods, whether it’s furniture, apparel, sporting goods, or more. Altogether, the market is enormous, projected to reach $289 billion in sales by 2027, according to a report from the mobile selling platform OfferUp. It also found that 25 percent of Americans used reselling as a secondary source of income in 2022.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To be clear, decluttering with the aim to turn trash into treasure can be a lot of work. Before you start, reflect on whether you have the bandwidth and time for it or whether you’re better off having the stuff hauled away for you, says Jevata Crawford, a professional organizer whose company, Project Move in Allentown, Pa., helps people downsize and clear out homes of deceased relatives. Pro organizers charge about $75 to $100 an hour.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Or you can call local charities that run resale shops or find new purposes for used goods to see whether they’ll take the stuff off your hands.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you decide to do it yourself, before you start, search recalls.gov to make sure nothing you’re selling has been recalled, which is illegal as well as unsafe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here are some other tips to make the job worth it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Finding the Right Buyers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>“There’s somebody looking for every type of thing you can imagine,” says Crawford, who sometimes sells clients’ castoffs on eBay. The trick, she says, is to figure out the best platform for each item, noting the different levels of effort required in terms of marketing and getting it to its new owner, and the different costs and commissions. How money changes hands also varies, with many sites handling the financial end and others leaving it to you. So you need to consider not only what you’re selling but also how much help you want and how much of the proceeds you want to keep.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For Tiffany Gamblin of Greenbrier, Tenn., the platform of choice is Poshmark. If eBay is the general store of the internet, Poshmark is the corner boutique, with 80 million registered users buying and selling primarily new and secondhand clothes and accessories. Before committing to the platform, Gamblin researched it to see what other people were selling and how they marketed their wares. After six weeks of reconnaissance, she posted a listing. “The first thing I sold was a T-shirt. Just a basic T-shirt. I was on cloud nine,” she says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Gamblin’s Poshmark store, “Spiffed With Tiff,” now has over 41,000 followers and 700 listings of her surplus items, plus things she’s sourced specifically for resale. She manages her store—creating the listings with photos and managing fulfillment—while working full time as a clinical trial director at a medical office. (The platform handles buyers’ payments and sends sellers prepaid shipping labels to use.) Gamblin says that after paying Poshmark the small commission it takes on each transaction, about 20 percent of the sale price, she’s earned $3,400 in just under a year, a decent haul considering she lists most items for under $30.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>AptDeco deals in home decor and furniture, including high-end pieces like an Eero Saarinen for Knoll oval dining table ($11,540 retail, listed at $7,000) and an entire $500-and-under section filled with everyday furniture. Sellers fill out an online questionnaire with details about the item they’re offering before uploading photos. The site can enhance the images, for example, by silhouetting the item, and it suggests pricing. It also manages the money end so that you don’t have to. There’s an option for sellers and buyers to exchange messages, but it’s all done through the website. When your item sells, the buyer can pick it up or AptDeco can arrange for it to be delivered for a fee. The company keeps up to 48 percent of the sale.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On the other end of the spectrum is Craigslist, which is free to use except in certain places and for items in a few categories, including motor vehicles. But you’re on your own for listing items, communicating with potential buyers, and arranging pickup or drop-off and payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Listing an Item for Sale</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you’ve settled on a platform, the next step is to create your listing. While particulars vary depending on the site you’re selling on, there are some general guidelines.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Price it right.&nbsp;</strong>Many platforms allow you to search previous sales of similar items to determine the going rate for any given thing. Using them, you might be surprised by how much your old junk is worth. A recent eBay search of sold items uncovered an 80 percent-full 6.5-ounce Bath &amp; Body Works lotion in the beloved but no longer available Aromatherapy Optimism Bright Blossoms scent that went for $24.99, plus shipping.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have something of value you can’t evaluate that way, you may want to call in a pro. Use the member directory of the Appraisers Association of America to find someone who, for a fee, can assess your item’s value. Expect to pay anywhere from $25 to over $300 an hour for an appraiser to do this, according to HomeAdvisor, which connects homeowners to service professionals. If you have an in-demand item you think will inspire lots of interest that could drive up the price, instead of setting a price you may want to try selling it by auction, an option on eBay. (You can set a reserve, or minimum, price you’re willing to accept to safeguard against the item selling too cheaply.) Auction listings on eBay are active for one to 10 days, while buy-it-now or fixed-price sales don’t expire. On eBay and many other recommerce sites, you can also allow potential buyers to make you an offer. Poshmark even lets you set up a live online auction to hawk your wares.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Headlines matter.&nbsp;</strong>Descriptive headlines attract buyers, so write ones that help shoppers doing keyword searches on the site find what you’re selling. Your item is likely to move faster if instead of “blue cardigan” you write “women’s medium navy blue cropped V-neck 100% cotton cardigan.” You can also include key terms like gently used, vintage, or NWT (new with tags).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Be honest in the product description.&nbsp;</strong>Clearly disclose the condition of the item you’re selling and the materials it’s made of. A good practice is to underpromise and overdeliver, so be sure to point out flaws if there are any, and provide accurate measurements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Use photos.&nbsp;</strong>Make sure to include numerous clear and well-lit images that make your item look attractive. Photos should be taken from multiple angles—top to bottom, back and front. Iron clothing items and lay them flat, or better yet, put them on a tailor’s form. Where appropriate, style the photo, for example, by using interesting or colorful backgrounds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Be responsive.&nbsp;</strong>Prompt communication and clear answers will reassure buyers that you’re engaged and motivated to sell. Opt for alerts from the platform to make sure you don’t leave potential buyers on the line for too long.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Set a time limit.&nbsp;</strong>Indicate how long you’ll keep the listing active until the item sells.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Where to Do Your Selling</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you’ve figured out what you want to sell, you’ll need to decide where to sell it. Here’s a sampling of some of the biggest reselling sites in the U.S., with info on what each specializes in and how much they charge for the service.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Stay Safe When You Sell</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Take these precautionary steps whenever you’re exchanging goods for money, in person or not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When selling items online, there’s always the chance you’ll encounter a shady buyer or an outright scammer. So it’s important to take precautions, especially when using a platform like Facebook Marketplace or Craigslist, where it’s common to exchange cash for goods in person.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even when using a platform that’s more anonymous—one that handles payments so that sellers and buyers don’t have to exchange payment or banking information, and where goods are shipped or delivered rather than picked up—you still have to be careful.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Never take a transaction or discussion off the platform.&nbsp;</strong>Scammers may entice you by offering more than your asking price, for example, perhaps with the intention of ripping you off. Or they may falsely claim the goods you sold them never arrived or were damaged and demand that you make restitution. If anything about an interaction with a buyer feels amiss, contact the website’s customer service or fraud department.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: For in-person transactions, always lay out all of the terms in advance—the price, type of payment, meeting location, and time.</strong> If possible, complete the transaction during daylight hours in a public place, like a police station. Hundreds of police stations in the U.S. participate in a program called SafeTrade, which was founded by Peter Zollman in 2015 to give online buyers and sellers a public meet-up space that’s under surveillance to finalize deals. Go to safetradespots.com to find one near you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Meet at a secure location.&nbsp;</strong>If you’re selling something so large that the buyer has to come to your home to see it, consider meeting at a police station in advance to photograph each other’s ID. Tell your buyer that it’s for their protection as well as your own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Be cautious about what kind of payment you accept. </strong>Cash is king, but say no to personal checks, which may bounce, or money orders and cashier’s checks, which are easily counterfeited. Instead, use services such as PayPal, Venmo, and Zelle because they allow you to receive payment for the item you’re selling without having to give up your banking details. Another benefit: You can see that the money has been transferred into your account before you hand over the merchandise.</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/resale/how-to-sell-stuff-you-no-longer-need-a1873700998/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Sell Stuff You No Longer Need','','inherit','closed','closed','','3502-revision-v1','','','2023-10-01 02:19:18','2023-10-01 02:19:18','',3502,'http://smartinsurance.tips/?p=3504',0,'revision','',0),(3505,1,'2023-10-01 02:28:14','2023-10-01 02:28:14','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3506,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/UDvaMIb-1024x536.png\" alt=\"\" class=\"wp-image-3506\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Renting your home can be lucrative, but your homeowners insurance policy may not automatically cover home sharing. Before you open your home to temporary guests, protect your property against damage and yourself against personal liability claims with the right insurance coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Being an Airbnb host can help generate extra income and utilize otherwise empty residential space. But what if something happens to your property?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Airbnb does offer up to $1 million of its own coverage per rental. However, this may not cover everything, and making a claim can be complicated.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Most standard homeowners insurance policies exclude short-term rentals.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Several specialty policies are now being offered that help insure against the unique risks posed by short-term rentals.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">Homeowners Insurance and Home Sharing</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Homeowners insurance generally covers the cost of repairing damage to your home caused by fire, wind, or certain other natural disasters. It also offers personal liability protection in case someone is injured while on your property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">With home sharing, the rules are much less black and white. According to the Insurance Information Institute, some insurance companies will allow you to extend your homeowners coverage to a short-term rental if it’s a one-time event and you notify the insurer ahead of time. Other companies, however, may require you to purchase a specific endorsement, which is added on to your existing policy to cover a temporary rental.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">When Home Sharing Is a Business</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">If you’re renting out part of your home on a regular basis to generate income, the insurance company generally views that as business activity, which is not covered by a homeowners policy. Instead, you’d need to purchase business insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">If you’re planning to rent the entire home for an extended period of time, you\'ll need landlord insurance, as well. Landlord insurance covers the home itself as well as any structures that are on the property, such as a garage or shed. These policies typically cover you for losses such as fire or wind damage, but they won\'t reimburse you for damage caused by normal wear and tear or for the loss of your tenant’s personal property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-14\">Home Sharing As a Renter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">You’ll also need to cover your insurance bases if you’re a renter and subletting to someone else. First things first: You have to be sure that your landlord allows you to sublet. From there, you need to check with your renter’s insurance company to see if your coverage would apply to someone who’s subletting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">If you’re not planning to live in the rental while you’re subletting, the sublessee would need his or her own renter’s insurance. Keep in mind that if the sublessee damages any of your personal belongings&nbsp;while you’re away, your renter’s policy may not cover it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">Which Companies Offer Home-Sharing Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">In response to the growth of the home-sharing industry, insurance companies are offering short-term rental insurance for homeowners who rent out their homes through Airbnb and similar sites. Here are three ways to obtain coverage:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-22\"><!-- wp:list-item -->\n<li><strong>American Family Insurance—</strong>Policyholders can add short-term rental coverage if they plan to rent their homes for less than 62 days per year.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Allstate—</strong>The company’s HostAdvantage Home-Sharing insurance is special coverage that protects your personal belongings when renting out your home. For example, you’d be covered if a renter steals something or if a burglar breaks in while you’re gone. You’d also be covered if a renter accidentally damages your furniture or television, up to $10,000.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Airbnb—</strong>Airbnb offers host liability insurance as part of its AirCover for Hosts protection. This policy provides you with up to $1 million of coverage against third-party claims of bodily injury or property damage. AirCover also provides $3 million in coverage for damages to your personal property or the home itself.4Airbnb. “Getting Protected Through AirCover for Hosts.”</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">It’s vital that you do your research before jumping on the home-sharing bandwagon. If you’re renting out your home on a consistent basis, for example, your insurance company could drop you as policyholder if it considers that to be business activity. Even if you’re renting your home just once, you can’t afford to jeopardize your coverage. Talking to your insurance company about what is and isn’t included in your policy can help you determine what’s needed to fill the gaps.</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/insurance/120816/does-your-homeowners-insurance-cover-airbnb.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Your Homeowner’s Insurance Cover Airbnb?','','publish','open','open','','does-your-homeowners-insurance-cover-airbnb-2','','','2023-10-01 02:28:14','2023-10-01 02:28:14','',0,'http://smartinsurance.tips/?p=3505',0,'post','',0),(3506,1,'2023-10-01 02:25:57','2023-10-01 02:25:57','','UDvaMIb','','inherit','open','closed','','udvamib','','','2023-10-01 02:25:57','2023-10-01 02:25:57','',3505,'http://smartinsurance.tips/wp-content/uploads/2023/10/UDvaMIb.png',0,'attachment','image/png',0),(3507,1,'2023-10-01 02:28:14','2023-10-01 02:28:14','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3506,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/UDvaMIb-1024x536.png\" alt=\"\" class=\"wp-image-3506\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Renting your home can be lucrative, but your homeowners insurance policy may not automatically cover home sharing. Before you open your home to temporary guests, protect your property against damage and yourself against personal liability claims with the right insurance coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Being an Airbnb host can help generate extra income and utilize otherwise empty residential space. But what if something happens to your property?</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Airbnb does offer up to $1 million of its own coverage per rental. However, this may not cover everything, and making a claim can be complicated.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Most standard homeowners insurance policies exclude short-term rentals.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Several specialty policies are now being offered that help insure against the unique risks posed by short-term rentals.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">Homeowners Insurance and Home Sharing</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Homeowners insurance generally covers the cost of repairing damage to your home caused by fire, wind, or certain other natural disasters. It also offers personal liability protection in case someone is injured while on your property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">With home sharing, the rules are much less black and white. According to the Insurance Information Institute, some insurance companies will allow you to extend your homeowners coverage to a short-term rental if it’s a one-time event and you notify the insurer ahead of time. Other companies, however, may require you to purchase a specific endorsement, which is added on to your existing policy to cover a temporary rental.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">When Home Sharing Is a Business</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">If you’re renting out part of your home on a regular basis to generate income, the insurance company generally views that as business activity, which is not covered by a homeowners policy. Instead, you’d need to purchase business insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">If you’re planning to rent the entire home for an extended period of time, you\'ll need landlord insurance, as well. Landlord insurance covers the home itself as well as any structures that are on the property, such as a garage or shed. These policies typically cover you for losses such as fire or wind damage, but they won\'t reimburse you for damage caused by normal wear and tear or for the loss of your tenant’s personal property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-14\">Home Sharing As a Renter</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">You’ll also need to cover your insurance bases if you’re a renter and subletting to someone else. First things first: You have to be sure that your landlord allows you to sublet. From there, you need to check with your renter’s insurance company to see if your coverage would apply to someone who’s subletting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">If you’re not planning to live in the rental while you’re subletting, the sublessee would need his or her own renter’s insurance. Keep in mind that if the sublessee damages any of your personal belongings&nbsp;while you’re away, your renter’s policy may not cover it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">Which Companies Offer Home-Sharing Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">In response to the growth of the home-sharing industry, insurance companies are offering short-term rental insurance for homeowners who rent out their homes through Airbnb and similar sites. Here are three ways to obtain coverage:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-22\"><!-- wp:list-item -->\n<li><strong>American Family Insurance—</strong>Policyholders can add short-term rental coverage if they plan to rent their homes for less than 62 days per year.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Allstate—</strong>The company’s HostAdvantage Home-Sharing insurance is special coverage that protects your personal belongings when renting out your home. For example, you’d be covered if a renter steals something or if a burglar breaks in while you’re gone. You’d also be covered if a renter accidentally damages your furniture or television, up to $10,000.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Airbnb—</strong>Airbnb offers host liability insurance as part of its AirCover for Hosts protection. This policy provides you with up to $1 million of coverage against third-party claims of bodily injury or property damage. AirCover also provides $3 million in coverage for damages to your personal property or the home itself.4Airbnb. “Getting Protected Through AirCover for Hosts.”</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">It’s vital that you do your research before jumping on the home-sharing bandwagon. If you’re renting out your home on a consistent basis, for example, your insurance company could drop you as policyholder if it considers that to be business activity. Even if you’re renting your home just once, you can’t afford to jeopardize your coverage. Talking to your insurance company about what is and isn’t included in your policy can help you determine what’s needed to fill the gaps.</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/insurance/120816/does-your-homeowners-insurance-cover-airbnb.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Your Homeowner’s Insurance Cover Airbnb?','','inherit','closed','closed','','3505-revision-v1','','','2023-10-01 02:28:14','2023-10-01 02:28:14','',3505,'http://smartinsurance.tips/?p=3507',0,'revision','',0),(3508,1,'2023-10-01 02:32:39','2023-10-01 02:32:39','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3509,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-23-1024x536.png\" alt=\"\" class=\"wp-image-3509\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is Vandalism and Malicious Mischief Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Vandalism and malicious mischief insurance is insurance coverage that protects against losses sustained as a result of vandals.&nbsp;This type of insurance is included in most basic commercial and homeowner policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">It is an important insurance component for properties that are not occupied during well-known periods of the day, such as churches and schools. These structures can become targets when they are unoccupied because vandals know there is a reduced risk of being caught.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Vandalism and malicious mischief insurance is included in most basic commercial and homeowner insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Schools and churches need this type of insurance because they can be targeted during hours when they are unoccupied.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage caused by ex-partners is the type of vandalism and malicious mischief insurance that most often results in a claim.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalism losses are not covered on dwellings that have been vacant for more than 60 days; losses perpetrated by any policy\'s named insureds are not covered either.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">How Vandalism and Malicious Mischief Insurance Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Due to the risk and frequency of loss, this coverage typically carries a higher deductible for properties that are known to be unoccupied for certain hours of the day, including churches and schools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Vandalism and mischief are described as the intentional injury or destruction of property. Vandalism and malicious mischief can be written as an endorsement to a standard policy, such as the standard fire policy, in the event that the policy requires a separate endorsement for this type of coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">Landlords can also benefit from this type of policy, especially if some of their properties are in high-crime areas. It may be worth researching the best rental property insurance companies to find the best policies and rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-14\">What Is Covered?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">Vandalism is damage done to someone else’s property, simply for the sake of causing damage. It is one of the most common property crimes. Malicious mischief is similar, though the damage may not have been intended. Some situations, like egging a house, straddle the line, depending on the outcome.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">The peril of vandalism or malicious mischief covers damage to parts of the premises for which you’re responsible, as well as to personal property.&nbsp;If, for example, someone slashes the tires of your bike, which is stored on the property, that’s vandalism.&nbsp;If someone thinks your music is too loud and&nbsp;sneaks into your home to destroy your stereo, that, too, is vandalism.&nbsp;Both would likely be covered losses if they met your deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">What type of vandalism most commonly results in an insurance claim? Damage inflicted by angry ex-husbands/wives/partners. Often fueled by alcohol, exes have been known to take revenge on a former spouse by causing property damage and destruction. If your ex comes into your home and trashes it, that’s vandalism, and it\'s usually covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: If you’re not living in a dwelling, it\'s important to take additional precautions against vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-23\">What’s Not Covered?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-24\">Vandalism or malicious mischief losses are not covered if a dwelling has been vacant for over 60 consecutive days. A structure is vacant is no one is living there and it’s substantially empty of personal property necessary for normal use.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">Vandalism committed by any of the insured is also not covered. What does this mean? Imagine that you live with a partner who is a named insured on your policy. Things go south and they move out, but you neglect to have the policy rewritten. That means they’re still insured under the policy. If they return and trash the place, reimbursement would likely be denied because it’s an intentional act committed by one insured against another.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Does Vandalism Mean in Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>For insurance purposes, vandalism means intentional damage and destruction of property, without theft. For example, a person deliberately breaking a home\'s windows for the purpose of destroying property could be considered vandalism, but if they broke in for the purpose of burglary it would not be considered vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is Tenant Damage Considered Vandalism?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Intentional damage by tenants will not be covered as vandalism under a typical homeowner\'s policy. The best way to prevent these damages is to carefully screen your tenants.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does Car Insurance Cover Vandalism?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you have comprehensive insurance for your car, it will cover deliberate acts of vandalism such as slashed tires, broken windows or taillights, or damaged paint. The exact level of coverage will depend on your provider and your deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-34\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">Vandalism and malicious mischief insurance is a type of insurance coverage that protects your property against deliberate damage. It does not provide protection against theft, or accidental damage. Depending on where you live, this type of insurance can offer an important level of protection, along with the types of coverage that protect property against fire, weather and other causes.</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/v/vandalism-and-malicious-mischief-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Vandalism and Malicious Mischief Insurance: How It Works','','publish','open','open','','vandalism-and-malicious-mischief-insurance-how-it-works','','','2023-10-01 02:32:39','2023-10-01 02:32:39','',0,'http://smartinsurance.tips/?p=3508',0,'post','',0),(3509,1,'2023-10-01 02:29:46','2023-10-01 02:29:46','','My-project-1-23','','inherit','open','closed','','my-project-1-23','','','2023-10-01 02:29:46','2023-10-01 02:29:46','',3508,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-23.png',0,'attachment','image/png',0),(3510,1,'2023-10-01 02:32:39','2023-10-01 02:32:39','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3509,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-23-1024x536.png\" alt=\"\" class=\"wp-image-3509\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is Vandalism and Malicious Mischief Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Vandalism and malicious mischief insurance is insurance coverage that protects against losses sustained as a result of vandals.&nbsp;This type of insurance is included in most basic commercial and homeowner policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">It is an important insurance component for properties that are not occupied during well-known periods of the day, such as churches and schools. These structures can become targets when they are unoccupied because vandals know there is a reduced risk of being caught.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Vandalism and malicious mischief insurance is included in most basic commercial and homeowner insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Schools and churches need this type of insurance because they can be targeted during hours when they are unoccupied.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage caused by ex-partners is the type of vandalism and malicious mischief insurance that most often results in a claim.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalism losses are not covered on dwellings that have been vacant for more than 60 days; losses perpetrated by any policy\'s named insureds are not covered either.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">How Vandalism and Malicious Mischief Insurance Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Due to the risk and frequency of loss, this coverage typically carries a higher deductible for properties that are known to be unoccupied for certain hours of the day, including churches and schools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Vandalism and mischief are described as the intentional injury or destruction of property. Vandalism and malicious mischief can be written as an endorsement to a standard policy, such as the standard fire policy, in the event that the policy requires a separate endorsement for this type of coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">Landlords can also benefit from this type of policy, especially if some of their properties are in high-crime areas. It may be worth researching the best rental property insurance companies to find the best policies and rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-14\">What Is Covered?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">Vandalism is damage done to someone else’s property, simply for the sake of causing damage. It is one of the most common property crimes. Malicious mischief is similar, though the damage may not have been intended. Some situations, like egging a house, straddle the line, depending on the outcome.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">The peril of vandalism or malicious mischief covers damage to parts of the premises for which you’re responsible, as well as to personal property.&nbsp;If, for example, someone slashes the tires of your bike, which is stored on the property, that’s vandalism.&nbsp;If someone thinks your music is too loud and&nbsp;sneaks into your home to destroy your stereo, that, too, is vandalism.&nbsp;Both would likely be covered losses if they met your deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">What type of vandalism most commonly results in an insurance claim? Damage inflicted by angry ex-husbands/wives/partners. Often fueled by alcohol, exes have been known to take revenge on a former spouse by causing property damage and destruction. If your ex comes into your home and trashes it, that’s vandalism, and it\'s usually covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: If you’re not living in a dwelling, it\'s important to take additional precautions against vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-23\">What’s Not Covered?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-24\">Vandalism or malicious mischief losses are not covered if a dwelling has been vacant for over 60 consecutive days. A structure is vacant is no one is living there and it’s substantially empty of personal property necessary for normal use.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">Vandalism committed by any of the insured is also not covered. What does this mean? Imagine that you live with a partner who is a named insured on your policy. Things go south and they move out, but you neglect to have the policy rewritten. That means they’re still insured under the policy. If they return and trash the place, reimbursement would likely be denied because it’s an intentional act committed by one insured against another.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Does Vandalism Mean in Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>For insurance purposes, vandalism means intentional damage and destruction of property, without theft. For example, a person deliberately breaking a home\'s windows for the purpose of destroying property could be considered vandalism, but if they broke in for the purpose of burglary it would not be considered vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is Tenant Damage Considered Vandalism?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Intentional damage by tenants will not be covered as vandalism under a typical homeowner\'s policy. The best way to prevent these damages is to carefully screen your tenants.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does Car Insurance Cover Vandalism?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you have comprehensive insurance for your car, it will cover deliberate acts of vandalism such as slashed tires, broken windows or taillights, or damaged paint. The exact level of coverage will depend on your provider and your deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-34\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">Vandalism and malicious mischief insurance is a type of insurance coverage that protects your property against deliberate damage. It does not provide protection against theft, or accidental damage. Depending on where you live, this type of insurance can offer an important level of protection, along with the types of coverage that protect property against fire, weather and other causes.</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/v/vandalism-and-malicious-mischief-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Vandalism and Malicious Mischief Insurance: How It Works','','inherit','closed','closed','','3508-revision-v1','','','2023-10-01 02:32:39','2023-10-01 02:32:39','',3508,'http://smartinsurance.tips/?p=3510',0,'revision','',0),(3511,1,'2023-10-01 02:35:58','2023-10-01 02:35:58','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3512,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-24-1024x536.png\" alt=\"\" class=\"wp-image-3512\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Most people know they need homeowners insurance to protect their investment, but figuring out how to protect a home under renovation is a little more challenging. A basic homeowners policy isn\'t always enough, and that\'s where home renovation insurance comes in. Here\'s a closer look at how it works and when it makes sense to buy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"does-homeowners-insurance-cover-home-renovations\">Does homeowners insurance cover home renovations?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A typical homeowners insurance policy usually covers home renovations, but this may not extend to an addition. It\'s always a good idea for the homeowner to reach out to their insurance company to verify this before the project gets underway.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In some scenarios, particularly if the renovation will increase the house\'s value, the existing insurance policy may no longer be enough to cover the full replacement cost of the home. That\'s why some homeowners choose to purchase additional home insurance after the remodel. Purchasing home renovation insurance is another option for protecting the home during renovation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"how-do-renovations-affect-homeowners-insurance\">How do renovations affect homeowners insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Here\'s a look at how several common home renovations can affect insurance rates:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"adding-space\">Adding space</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Adding onto a home\'s square footage tends to increase the value of the home, and by extension, the cost of replacing it if there\'s a total loss. That means it\'s usually necessary to purchase additional home insurance coverage to remain fully protected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"upgrading-fixtures\">Upgrading fixtures</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Adding granite countertops or new appliances can also increase the value of the home. Homeowners wishing to replace these items with fixtures or appliances of a similar quality following a loss will need to purchase more home insurance after the remodel.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"adding-a-pool\">Adding a pool</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Adding a pool can impact home insurance rates because there\'s an associated liability risk. People can get injured or die in a pool, so homeowners adding one of these should consider increasing their home insurance\'s liability coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"adding-a-home-office\">Adding a home office</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home businesses may not be covered by a basic home insurance policy or there may be limits on how much the insurer will pay to replace damaged or stolen business items. Homeowners looking to add a space for their home business should consider adding an endorsement for this to ensure they\'re fully covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"replacing-a-roof\">Replacing a roof</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some home insurers offer discounts to homeowners who have a new roof. This could reduce their home insurance rates for a short time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"installing-storm-shutters\">Installing storm shutters</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners residing in areas prone to hurricanes or other natural disasters may be able to save on their home insurance by installing storm shutters or using building materials designed to mitigate loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"what-is-home-renovation-insurance\">What is home renovation insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home renovation insurance, also known as dwelling under construction insurance, is a special type of insurance that protects the home and the materials for the new project. It\'s usually an endorsement that a homeowner can add to an existing home insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"what-does-home-renovation-insurance-cover\">What does home renovation insurance cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home renovation insurance typically covers the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"building-materials\">Building materials</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This type of coverage protects the building materials necessary for the project. If they are damaged in a covered claim, like a fire or tornado, the insurer would pay to replace them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"foundation-repair\">Foundation repair</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Foundation repair coverage is usually a component of home renovation insurance. This protects the homeowner against foundation collapse or similar issues during the renovation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"liability\">Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance for a house being renovated may include additional liability protection in case someone were to be injured on the property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"extra-costs-due-to-delays\">Extra costs due to delays</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If a home renovation project is delayed due to factors outside the homeowner\'s control, home renovation insurance may pay some of the costs that arise, like interest on a construction loan or permit fees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"how-much-does-home-renovation-insurance-cost\">How much does home renovation insurance cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The cost of insurance for a home under construction varies widely depending on the location of the home, the scope of the renovation, the materials used, and how long the project lasts. Small projects may cost less than $50 per month while larger projects could cost a few hundred dollars per month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The only way for a homeowner to get an accurate idea of the cost is to shop around. Compare quotes from a few different companies to see which offers the most affordable rate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"other-insurance-coverage-you-might-need\">Other insurance coverage you might need</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In addition to home renovation insurance, homeowners may want to consider the following coverage:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"higher-home-insurance-coverage-limits\">Higher home insurance coverage limits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners may want to consider increasing their home insurance coverage limits to reflect the increased value of their home. Those who aren\'t familiar with how much coverage they need should check out this guide to the basics of homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"vacant-home-insurance\">Vacant home insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the homeowner isn\'t living in the home while the renovation is underway, they may want to add vacant home coverage to their policy. Skipping this coverage could result in a denied claim if there\'s an accident at the home while the homeowner is away.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"contractor-insurance\">Contractor insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If a contractor is doing the renovation work, they should have their own insurance. Homeowners should ask for a copy of this before the work begins. If the contractor plans to hire subcontractors, make sure they\'re adequately insured as well.</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.fool.com/the-ascent/insurance/homeowners/home-renovation-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Home Renovation Insurance: How to Insure Your Home While Remodeling','','publish','open','open','','home-renovation-insurance-how-to-insure-your-home-while-remodeling-3','','','2023-10-01 02:35:58','2023-10-01 02:35:58','',0,'http://smartinsurance.tips/?p=3511',0,'post','',0),(3512,1,'2023-10-01 02:34:09','2023-10-01 02:34:09','','My-project-1-24','','inherit','open','closed','','my-project-1-24','','','2023-10-01 02:34:09','2023-10-01 02:34:09','',3511,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-24.png',0,'attachment','image/png',0),(3513,1,'2023-10-01 02:35:58','2023-10-01 02:35:58','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3512,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-24-1024x536.png\" alt=\"\" class=\"wp-image-3512\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Most people know they need homeowners insurance to protect their investment, but figuring out how to protect a home under renovation is a little more challenging. A basic homeowners policy isn\'t always enough, and that\'s where home renovation insurance comes in. Here\'s a closer look at how it works and when it makes sense to buy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"does-homeowners-insurance-cover-home-renovations\">Does homeowners insurance cover home renovations?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A typical homeowners insurance policy usually covers home renovations, but this may not extend to an addition. It\'s always a good idea for the homeowner to reach out to their insurance company to verify this before the project gets underway.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In some scenarios, particularly if the renovation will increase the house\'s value, the existing insurance policy may no longer be enough to cover the full replacement cost of the home. That\'s why some homeowners choose to purchase additional home insurance after the remodel. Purchasing home renovation insurance is another option for protecting the home during renovation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"how-do-renovations-affect-homeowners-insurance\">How do renovations affect homeowners insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Here\'s a look at how several common home renovations can affect insurance rates:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"adding-space\">Adding space</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Adding onto a home\'s square footage tends to increase the value of the home, and by extension, the cost of replacing it if there\'s a total loss. That means it\'s usually necessary to purchase additional home insurance coverage to remain fully protected.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"upgrading-fixtures\">Upgrading fixtures</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Adding granite countertops or new appliances can also increase the value of the home. Homeowners wishing to replace these items with fixtures or appliances of a similar quality following a loss will need to purchase more home insurance after the remodel.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"adding-a-pool\">Adding a pool</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Adding a pool can impact home insurance rates because there\'s an associated liability risk. People can get injured or die in a pool, so homeowners adding one of these should consider increasing their home insurance\'s liability coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"adding-a-home-office\">Adding a home office</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home businesses may not be covered by a basic home insurance policy or there may be limits on how much the insurer will pay to replace damaged or stolen business items. Homeowners looking to add a space for their home business should consider adding an endorsement for this to ensure they\'re fully covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"replacing-a-roof\">Replacing a roof</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some home insurers offer discounts to homeowners who have a new roof. This could reduce their home insurance rates for a short time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"installing-storm-shutters\">Installing storm shutters</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners residing in areas prone to hurricanes or other natural disasters may be able to save on their home insurance by installing storm shutters or using building materials designed to mitigate loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"what-is-home-renovation-insurance\">What is home renovation insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home renovation insurance, also known as dwelling under construction insurance, is a special type of insurance that protects the home and the materials for the new project. It\'s usually an endorsement that a homeowner can add to an existing home insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"what-does-home-renovation-insurance-cover\">What does home renovation insurance cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home renovation insurance typically covers the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"building-materials\">Building materials</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This type of coverage protects the building materials necessary for the project. If they are damaged in a covered claim, like a fire or tornado, the insurer would pay to replace them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"foundation-repair\">Foundation repair</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Foundation repair coverage is usually a component of home renovation insurance. This protects the homeowner against foundation collapse or similar issues during the renovation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"liability\">Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance for a house being renovated may include additional liability protection in case someone were to be injured on the property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"extra-costs-due-to-delays\">Extra costs due to delays</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If a home renovation project is delayed due to factors outside the homeowner\'s control, home renovation insurance may pay some of the costs that arise, like interest on a construction loan or permit fees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"how-much-does-home-renovation-insurance-cost\">How much does home renovation insurance cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The cost of insurance for a home under construction varies widely depending on the location of the home, the scope of the renovation, the materials used, and how long the project lasts. Small projects may cost less than $50 per month while larger projects could cost a few hundred dollars per month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The only way for a homeowner to get an accurate idea of the cost is to shop around. Compare quotes from a few different companies to see which offers the most affordable rate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"other-insurance-coverage-you-might-need\">Other insurance coverage you might need</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In addition to home renovation insurance, homeowners may want to consider the following coverage:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"higher-home-insurance-coverage-limits\">Higher home insurance coverage limits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners may want to consider increasing their home insurance coverage limits to reflect the increased value of their home. Those who aren\'t familiar with how much coverage they need should check out this guide to the basics of homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"vacant-home-insurance\">Vacant home insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the homeowner isn\'t living in the home while the renovation is underway, they may want to add vacant home coverage to their policy. Skipping this coverage could result in a denied claim if there\'s an accident at the home while the homeowner is away.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"contractor-insurance\">Contractor insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If a contractor is doing the renovation work, they should have their own insurance. Homeowners should ask for a copy of this before the work begins. If the contractor plans to hire subcontractors, make sure they\'re adequately insured as well.</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.fool.com/the-ascent/insurance/homeowners/home-renovation-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Home Renovation Insurance: How to Insure Your Home While Remodeling','','inherit','closed','closed','','3511-revision-v1','','','2023-10-01 02:35:58','2023-10-01 02:35:58','',3511,'http://smartinsurance.tips/?p=3513',0,'revision','',0),(3514,1,'2023-10-01 02:40:20','2023-10-01 02:40:20','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3515,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-25-1024x536.png\" alt=\"\" class=\"wp-image-3515\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Pet insurance provides crucial protection for companion animals. But some pet insurance policies meet your needs better than others.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To narrow down their search quickly, pet owners should start by asking themselves the following two questions right off: Is my pet neither a cat nor a dog? Do I need coverage for pre-existing conditions? If the answer to either question is \"yes,\" options will narrow significantly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This guide to choosing a pet insurance company will help animal owners make sure they have the coverage they need at the best possible price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"choosing-a-pet-insurance-overview\">Choosing a pet insurance overview</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are many different pet insurance companies out there. And each company offers multiple policy options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Owners will need to consider monthly premium costs, coverage limitations (and exclusions), and out-of-pocket expenses. It\'s also important to consider the insurer\'s reputation for handling claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In short, there\'s a lot to think about. Let\'s narrow it down to the important stuff. When choosing a pet insurance company, consider the following key points:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Coverage options</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Benefits</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Premiums</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Deductibles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Coinsurance costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Policy limits</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Customer satisfaction</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Ready for a deeper dive into what to look for? Read on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"coverage-options\">Coverage options</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pet owners first must make sure that the pet insurance company they work with covers the type of companion animal they have. Most policies cover dogs and cats. Some also cover exotic animals like birds, ferrets, or reptiles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Pet owners must then choose the right kinds of coverage for their needs. Coverage can be broadly divided into three categories:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Accident coverage:</strong>&nbsp;This type of policy pays only if a pet is hurt in an accident such as a fall or being hit by a car. It\'s widely available, even to older pets and animals with pre-existing medical problems.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Illness coverage:</strong>&nbsp;This pays if a pet gets sick. It covers conditions such as cancer, heart disease, diabetes, or kidney failure. Pre-existing conditions are rarely covered, though. And some insurers refuse to cover many genetic or hereditary illnesses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Wellness coverage:</strong>&nbsp;This will pay for routine exams and care. For example, a wellness plan might pay for one annual vet visit. It could also cover the costs of vaccines.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Not all insurers offer all types of coverage. So pet owners will need to make sure they work with a company offering their desired type of policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"benefits\">Benefits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pet insurance typically pays for licensed veterinary care. But it may not cover all types of care in all circumstances. Owners should make sure the policy they choose covers the services they may need for their companion animal. Look for these key benefits:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Diagnostic care and treatment:</strong>&nbsp;Pet insurance should cover diagnostic visits and covered treatment for all health issues included in the policy. This is standard coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Coverage for hereditary or congenital conditions:</strong>&nbsp;Some insurers specifically exclude treatment for these types of illnesses. Others will cover them, sometimes with specific requirements, such as a waiting period before coverage kicks in.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Alternative therapies:</strong>&nbsp;Acupuncture, chiropractic care, and physiotherapy could benefit pets. Some insurers cover these therapies, but not all do.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Behavioral therapies:</strong>&nbsp;Some pet insurance policies pay for the correction of behavioral issues. Others do not pay for the diagnosis or treatment of behavioral problems.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Prescription foods:</strong>&nbsp;Pets may be prescribed specific kinds of food if a medical condition necessitates a special diet. Some insurers cover prescribed foods.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Policies with more benefits can ensure that pet owners can get all the care they may require. But they often cost more. This translates into higher premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"premiums\">Premiums</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Premiums are the cost of coverage. Premiums can be paid monthly or annually. Cost depends on many factors, including the type of animal (dog? cat?) as well as the animal\'s age at the time of coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Premiums vary a lot from one insurer to the next. It\'s often possible to get pet insurance quotes online to find policies offering the most affordable premiums. Just remember, a cheap, limited policy is less likely to cover non-standard incidents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"deductibles\">Deductibles</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A deductible is money owners must pay before pet insurance kicks in. For example, a policy might have a $500 per year deductible or a $100 per incident deductible. This money is paid by the animal\'s owner when a covered service is needed. The insurance policy kicks in after.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"coinsurance-costs\">Coinsurance costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many pet insurers have coinsurance requirements, a percentage of care the policy owner must cover after paying the deductible. An insurer may only reimburse 90% or 80% of the cost of covered care. The animal\'s owner would need to cover the remaining 10% to 20% of care.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"policy-limits\">Policy limits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pet insurers may impose annual limits on coverage. For example, the insurer may pay for up to $15,000 in care per year. If a pet needed more expensive care, the owner would have to pay for it out of pocket.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"customer-satisfaction\">Customer satisfaction</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It\'s important for pet owners to research each pet insurer\'s reputation for customer care. Owners should make sure that the insurer has a strong reputation for handling claims. No one wants to fight with insurance to get care reimbursement when their pet is sick.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"important-terms-to-know\">Important terms to know</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are many important terms to know when buying pet insurance coverage, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Accident and illness coverage:</strong>&nbsp;Pet insurance that pays for veterinary care if a pet is sick or hurt.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Accident-only coverage:</strong>&nbsp;Pet insurance that pays for veterinary care after an accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Age restrictions:</strong>&nbsp;If a pet is too young or too old, insurers won\'t cover the animal.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Alternative therapies:</strong>&nbsp;Non-traditional treatments, such as chiropractic care or acupuncture. Some pet insurers cover alternative treatments.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Annual limit:</strong>&nbsp;The maximum amount a pet insurer pays out each year for coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Benefit schedule:</strong>&nbsp;A specific payout amount for certain covered conditions. Not all insurers offer these.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Chronic conditions:</strong>&nbsp;Conditions that don\'t go away after developing. Some pet insurers limit coverage for chronic conditions. And pet insurers don\'t provide coverage for pets that have conditions prior to enrolling (pre-existing conditions).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Claims:</strong>&nbsp;Requests to get reimbursed from a pet insurer. Animal owners must pay out of pocket for veterinary care and then submit a claim to their insurer to get reimbursed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Coinsurance:</strong>&nbsp;The percentage of care fees a pet owner must pay. For example, an insurer reimburses 80% of the costs and the pet owner pays the remaining 20% of the cost of treatment.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Copayment:</strong>&nbsp;Fees paid out of pocket at the time covered veterinary care is received. They are often a flat amount, such as a $25 copay for an exam otherwise covered by insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Congenital condition:</strong>&nbsp;A disorder or condition that is present at birth or develops early in life. Some pet insurers exclude coverage for congenital conditions.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Deductible:</strong>&nbsp;The amount a pet owner must pay out of pocket before an insurer begins paying for covered services.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Effective date:</strong>&nbsp;The date when pet insurance coverage takes effect. An insurer pays for coverage only if care is obtained after the effective date.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Guaranteed renewable:</strong>&nbsp;The guarantee pet owners can renew coverage. This ensures an animal can continue being insured, even if the pet gets sick.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Hereditary condition:</strong>&nbsp;a A disorder passed down from the pet\'s parents. Some insurers cover hereditary conditions.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Maximum limit:</strong>&nbsp;The maximum amount an insurer will pay out for a covered animal. Some insurers have lifetime limits while others have per-incident limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Policy exclusions:</strong>&nbsp;Medical issues that a pet insurer expressly states they won\'t cover. Pre-existing conditions is a common exclusion.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Policy period:</strong>&nbsp;The length of time pet insurance is in effect. Most policy periods are one-year. Owners can choose to renew coverage at the end of the policy period.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Pre-existing condition:</strong> A medical issue a pet has before getting covered. Some insurers offer pet insurance for pre-existing conditions.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Premium:</strong>&nbsp;The amount a pet owner must pay to get insurance coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Reimbursement:</strong>&nbsp;The amount a pet insurer pays for covered claims. Insurers usually reimburse between 60% to 90% of a covered claim.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Renewal:</strong>&nbsp;Re-establishing an insurance policy at the end of a policy term. Pet owners should look for policies with guaranteed renewable coverage. That way, they won\'t have to worry about their insurer dropping coverage if a pet gets sick.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Underwriter:</strong>&nbsp;The person who determines your specific premium. An underwriter reviews applications and the health status of pets to determine how much premiums should cost and whether a policy should be issued.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Veterinarian:</strong>&nbsp;A licensed professional who provides medical care to animals. Pet insurers typically pay for care only if it is provided by licensed veterinarians.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Waiting period:</strong>&nbsp;A gap between the time an application is approved and the time coverage begins.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Wellness plan:</strong> A pet insurance plan that pays for routine or preventive treatment.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.fool.com/the-ascent/insurance/pet/what-to-look-for/\">click here.</a></p>\n<!-- /wp:paragraph -->','What to Look for in a Pet Insurance Company','','publish','open','open','','what-to-look-for-in-a-pet-insurance-company','','','2023-10-01 02:40:20','2023-10-01 02:40:20','',0,'http://smartinsurance.tips/?p=3514',0,'post','',0),(3515,1,'2023-10-01 02:37:28','2023-10-01 02:37:28','','My-project-1-25','','inherit','open','closed','','my-project-1-25-2','','','2023-10-01 02:37:28','2023-10-01 02:37:28','',3514,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-25.png',0,'attachment','image/png',0),(3516,1,'2023-10-01 02:40:20','2023-10-01 02:40:20','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3515,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-25-1024x536.png\" alt=\"\" class=\"wp-image-3515\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Pet insurance provides crucial protection for companion animals. But some pet insurance policies meet your needs better than others.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To narrow down their search quickly, pet owners should start by asking themselves the following two questions right off: Is my pet neither a cat nor a dog? Do I need coverage for pre-existing conditions? If the answer to either question is \"yes,\" options will narrow significantly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This guide to choosing a pet insurance company will help animal owners make sure they have the coverage they need at the best possible price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"choosing-a-pet-insurance-overview\">Choosing a pet insurance overview</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are many different pet insurance companies out there. And each company offers multiple policy options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Owners will need to consider monthly premium costs, coverage limitations (and exclusions), and out-of-pocket expenses. It\'s also important to consider the insurer\'s reputation for handling claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In short, there\'s a lot to think about. Let\'s narrow it down to the important stuff. When choosing a pet insurance company, consider the following key points:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Coverage options</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Benefits</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Premiums</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Deductibles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Coinsurance costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Policy limits</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Customer satisfaction</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Ready for a deeper dive into what to look for? Read on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"coverage-options\">Coverage options</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pet owners first must make sure that the pet insurance company they work with covers the type of companion animal they have. Most policies cover dogs and cats. Some also cover exotic animals like birds, ferrets, or reptiles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Pet owners must then choose the right kinds of coverage for their needs. Coverage can be broadly divided into three categories:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Accident coverage:</strong>&nbsp;This type of policy pays only if a pet is hurt in an accident such as a fall or being hit by a car. It\'s widely available, even to older pets and animals with pre-existing medical problems.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Illness coverage:</strong>&nbsp;This pays if a pet gets sick. It covers conditions such as cancer, heart disease, diabetes, or kidney failure. Pre-existing conditions are rarely covered, though. And some insurers refuse to cover many genetic or hereditary illnesses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Wellness coverage:</strong>&nbsp;This will pay for routine exams and care. For example, a wellness plan might pay for one annual vet visit. It could also cover the costs of vaccines.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Not all insurers offer all types of coverage. So pet owners will need to make sure they work with a company offering their desired type of policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"benefits\">Benefits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pet insurance typically pays for licensed veterinary care. But it may not cover all types of care in all circumstances. Owners should make sure the policy they choose covers the services they may need for their companion animal. Look for these key benefits:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Diagnostic care and treatment:</strong>&nbsp;Pet insurance should cover diagnostic visits and covered treatment for all health issues included in the policy. This is standard coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Coverage for hereditary or congenital conditions:</strong>&nbsp;Some insurers specifically exclude treatment for these types of illnesses. Others will cover them, sometimes with specific requirements, such as a waiting period before coverage kicks in.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Alternative therapies:</strong>&nbsp;Acupuncture, chiropractic care, and physiotherapy could benefit pets. Some insurers cover these therapies, but not all do.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Behavioral therapies:</strong>&nbsp;Some pet insurance policies pay for the correction of behavioral issues. Others do not pay for the diagnosis or treatment of behavioral problems.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Prescription foods:</strong>&nbsp;Pets may be prescribed specific kinds of food if a medical condition necessitates a special diet. Some insurers cover prescribed foods.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Policies with more benefits can ensure that pet owners can get all the care they may require. But they often cost more. This translates into higher premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"premiums\">Premiums</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Premiums are the cost of coverage. Premiums can be paid monthly or annually. Cost depends on many factors, including the type of animal (dog? cat?) as well as the animal\'s age at the time of coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Premiums vary a lot from one insurer to the next. It\'s often possible to get pet insurance quotes online to find policies offering the most affordable premiums. Just remember, a cheap, limited policy is less likely to cover non-standard incidents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"deductibles\">Deductibles</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A deductible is money owners must pay before pet insurance kicks in. For example, a policy might have a $500 per year deductible or a $100 per incident deductible. This money is paid by the animal\'s owner when a covered service is needed. The insurance policy kicks in after.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"coinsurance-costs\">Coinsurance costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many pet insurers have coinsurance requirements, a percentage of care the policy owner must cover after paying the deductible. An insurer may only reimburse 90% or 80% of the cost of covered care. The animal\'s owner would need to cover the remaining 10% to 20% of care.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"policy-limits\">Policy limits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pet insurers may impose annual limits on coverage. For example, the insurer may pay for up to $15,000 in care per year. If a pet needed more expensive care, the owner would have to pay for it out of pocket.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"customer-satisfaction\">Customer satisfaction</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It\'s important for pet owners to research each pet insurer\'s reputation for customer care. Owners should make sure that the insurer has a strong reputation for handling claims. No one wants to fight with insurance to get care reimbursement when their pet is sick.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"important-terms-to-know\">Important terms to know</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are many important terms to know when buying pet insurance coverage, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Accident and illness coverage:</strong>&nbsp;Pet insurance that pays for veterinary care if a pet is sick or hurt.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Accident-only coverage:</strong>&nbsp;Pet insurance that pays for veterinary care after an accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Age restrictions:</strong>&nbsp;If a pet is too young or too old, insurers won\'t cover the animal.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Alternative therapies:</strong>&nbsp;Non-traditional treatments, such as chiropractic care or acupuncture. Some pet insurers cover alternative treatments.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Annual limit:</strong>&nbsp;The maximum amount a pet insurer pays out each year for coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Benefit schedule:</strong>&nbsp;A specific payout amount for certain covered conditions. Not all insurers offer these.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Chronic conditions:</strong>&nbsp;Conditions that don\'t go away after developing. Some pet insurers limit coverage for chronic conditions. And pet insurers don\'t provide coverage for pets that have conditions prior to enrolling (pre-existing conditions).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Claims:</strong>&nbsp;Requests to get reimbursed from a pet insurer. Animal owners must pay out of pocket for veterinary care and then submit a claim to their insurer to get reimbursed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Coinsurance:</strong>&nbsp;The percentage of care fees a pet owner must pay. For example, an insurer reimburses 80% of the costs and the pet owner pays the remaining 20% of the cost of treatment.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Copayment:</strong>&nbsp;Fees paid out of pocket at the time covered veterinary care is received. They are often a flat amount, such as a $25 copay for an exam otherwise covered by insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Congenital condition:</strong>&nbsp;A disorder or condition that is present at birth or develops early in life. Some pet insurers exclude coverage for congenital conditions.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Deductible:</strong>&nbsp;The amount a pet owner must pay out of pocket before an insurer begins paying for covered services.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Effective date:</strong>&nbsp;The date when pet insurance coverage takes effect. An insurer pays for coverage only if care is obtained after the effective date.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Guaranteed renewable:</strong>&nbsp;The guarantee pet owners can renew coverage. This ensures an animal can continue being insured, even if the pet gets sick.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Hereditary condition:</strong>&nbsp;a A disorder passed down from the pet\'s parents. Some insurers cover hereditary conditions.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Maximum limit:</strong>&nbsp;The maximum amount an insurer will pay out for a covered animal. Some insurers have lifetime limits while others have per-incident limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Policy exclusions:</strong>&nbsp;Medical issues that a pet insurer expressly states they won\'t cover. Pre-existing conditions is a common exclusion.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Policy period:</strong>&nbsp;The length of time pet insurance is in effect. Most policy periods are one-year. Owners can choose to renew coverage at the end of the policy period.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Pre-existing condition:</strong> A medical issue a pet has before getting covered. Some insurers offer pet insurance for pre-existing conditions.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Premium:</strong>&nbsp;The amount a pet owner must pay to get insurance coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Reimbursement:</strong>&nbsp;The amount a pet insurer pays for covered claims. Insurers usually reimburse between 60% to 90% of a covered claim.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Renewal:</strong>&nbsp;Re-establishing an insurance policy at the end of a policy term. Pet owners should look for policies with guaranteed renewable coverage. That way, they won\'t have to worry about their insurer dropping coverage if a pet gets sick.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Underwriter:</strong>&nbsp;The person who determines your specific premium. An underwriter reviews applications and the health status of pets to determine how much premiums should cost and whether a policy should be issued.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Veterinarian:</strong>&nbsp;A licensed professional who provides medical care to animals. Pet insurers typically pay for care only if it is provided by licensed veterinarians.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Waiting period:</strong>&nbsp;A gap between the time an application is approved and the time coverage begins.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Wellness plan:</strong> A pet insurance plan that pays for routine or preventive treatment.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.fool.com/the-ascent/insurance/pet/what-to-look-for/\">click here.</a></p>\n<!-- /wp:paragraph -->','What to Look for in a Pet Insurance Company','','inherit','closed','closed','','3514-revision-v1','','','2023-10-01 02:40:20','2023-10-01 02:40:20','',3514,'http://smartinsurance.tips/?p=3516',0,'revision','',0),(3517,1,'2023-10-01 02:43:52','2023-10-01 02:43:52','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3518,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-26-1024x536.png\" alt=\"\" class=\"wp-image-3518\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Most American drivers start out using the same insurance company their parents had and never really think to switch. Some drivers may have changed insurance companies somewhere along the way to save a few bucks, but for the most part, they\'ve made no conscious choices about their insurance provider. Many first-time homeowners get their homeowners insurance in the same way—it\'s probably the company their real estate agent or title company recommended. Life insurance purchases usually follow a similar path.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">People buy insurance based on convenience as well as initial price. As a result, a lot of people end up with a hodgepodge of insurance carriers with no reason for doing so. This is fine if you enjoy opening extra mail, paying bills to three separate insurance carriers every month, and possibly overpaying for your premiums, but you probably don\'t. Read on to find out how bundling your policies can help you save big on insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">The Benefits of Bundling Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Many of the big insurance companies price their insurance rates to attract a particular segment of the market. They usually price their insurance to attract homeowners who need to insure not only their cars, but also their homes and their lives (among other things). Many other companies can beat them on price if a single type of insurance is being compared (such as auto or home), but these big companies want customers who will stay with them for years instead of shopping around for a better deal every six months. To accomplish this, companies give the best deal to clients who will use their company for the three main lines of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Companies offer multi-line discounts to attract customers who will need more than one type of insurance. These companies offer a cheaper rate to insure your house, car and life than if you insured each one separately. The same goes if you add a second car or other type of insurance, like RV or motorcycle insurance—the discounts keep adding up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">When combining auto, home and life insurance, it wouldn\'t be unusual for many families to spend between $3,000 to $5,000 or more each year. Of course, these rates depend on where you live, the value of your home and car(s), driving habits, personal health and so forth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">What\'s the Catch?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">For just one line of insurance, most large companies aren\'t extremely price-competitive. After all, those thousands of people on staff can really add up. By combining your policies under one roof, the companies benefit from economies of scale and can justify more discounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">As for life insurance, people who have a life insurance policy are much less likely to switch insurance carriers because of the difficulty (or even impossibility) of changing policies. This difficulty is due to medical issues, age and the possible need for further medical exams, among other factors, so people usually keep their life insurance policies in place. For this reason, many large insurance companies emphasize to their sales teams that life insurance sales are a critical product.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">Companies also give discounts to retain customers because it is expensive for companies to continually process (also known as underwriting) a revolving door of new customers. Due to the added expense associated with customer turnover, insurance companies prefer to have customers who carry multiple lines of insurance and keep these policies in place for years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">Combining all of your policies with one insurance company can save you money compared to having a variety of carriers. It\'s also important to remember when one company is handling all of your insurance policies, that\'s less time you must spend sorting through and paying each policy. And as they say: Time is money. </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/insurance/09/bundle-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Bundle Your Insurance for Big Savings','','publish','open','open','','bundle-your-insurance-for-big-savings','','','2023-10-01 02:43:52','2023-10-01 02:43:52','',0,'http://smartinsurance.tips/?p=3517',0,'post','',0),(3518,1,'2023-10-01 02:41:58','2023-10-01 02:41:58','','My-project-1-26','','inherit','open','closed','','my-project-1-26-2','','','2023-10-01 02:41:58','2023-10-01 02:41:58','',3517,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-26.png',0,'attachment','image/png',0),(3519,1,'2023-10-01 02:43:52','2023-10-01 02:43:52','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3518,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-26-1024x536.png\" alt=\"\" class=\"wp-image-3518\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Most American drivers start out using the same insurance company their parents had and never really think to switch. Some drivers may have changed insurance companies somewhere along the way to save a few bucks, but for the most part, they\'ve made no conscious choices about their insurance provider. Many first-time homeowners get their homeowners insurance in the same way—it\'s probably the company their real estate agent or title company recommended. Life insurance purchases usually follow a similar path.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">People buy insurance based on convenience as well as initial price. As a result, a lot of people end up with a hodgepodge of insurance carriers with no reason for doing so. This is fine if you enjoy opening extra mail, paying bills to three separate insurance carriers every month, and possibly overpaying for your premiums, but you probably don\'t. Read on to find out how bundling your policies can help you save big on insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">The Benefits of Bundling Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Many of the big insurance companies price their insurance rates to attract a particular segment of the market. They usually price their insurance to attract homeowners who need to insure not only their cars, but also their homes and their lives (among other things). Many other companies can beat them on price if a single type of insurance is being compared (such as auto or home), but these big companies want customers who will stay with them for years instead of shopping around for a better deal every six months. To accomplish this, companies give the best deal to clients who will use their company for the three main lines of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Companies offer multi-line discounts to attract customers who will need more than one type of insurance. These companies offer a cheaper rate to insure your house, car and life than if you insured each one separately. The same goes if you add a second car or other type of insurance, like RV or motorcycle insurance—the discounts keep adding up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">When combining auto, home and life insurance, it wouldn\'t be unusual for many families to spend between $3,000 to $5,000 or more each year. Of course, these rates depend on where you live, the value of your home and car(s), driving habits, personal health and so forth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">What\'s the Catch?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">For just one line of insurance, most large companies aren\'t extremely price-competitive. After all, those thousands of people on staff can really add up. By combining your policies under one roof, the companies benefit from economies of scale and can justify more discounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">As for life insurance, people who have a life insurance policy are much less likely to switch insurance carriers because of the difficulty (or even impossibility) of changing policies. This difficulty is due to medical issues, age and the possible need for further medical exams, among other factors, so people usually keep their life insurance policies in place. For this reason, many large insurance companies emphasize to their sales teams that life insurance sales are a critical product.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">Companies also give discounts to retain customers because it is expensive for companies to continually process (also known as underwriting) a revolving door of new customers. Due to the added expense associated with customer turnover, insurance companies prefer to have customers who carry multiple lines of insurance and keep these policies in place for years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">Combining all of your policies with one insurance company can save you money compared to having a variety of carriers. It\'s also important to remember when one company is handling all of your insurance policies, that\'s less time you must spend sorting through and paying each policy. And as they say: Time is money. </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/insurance/09/bundle-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Bundle Your Insurance for Big Savings','','inherit','closed','closed','','3517-revision-v1','','','2023-10-01 02:43:52','2023-10-01 02:43:52','',3517,'http://smartinsurance.tips/?p=3519',0,'revision','',0),(3520,1,'2023-10-01 02:48:33','2023-10-01 02:48:33','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3521,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-27-1024x536.png\" alt=\"\" class=\"wp-image-3521\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Decisions by two major insurers to stop offering new homeowner\'s policies in California highlight the growing portion of America that\'s becoming close to uninsurable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Why it matters: </strong>The threat of climate change-related disasters is a large factor driving up consumer costs and putting insurers out of business in parts of California, Florida, Louisiana and elsewhere.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>It is also bedeviling regulators. \"I never thought I would see in my lifetime houses that are flat-out uninsurable,\" says Robb Lanham, chief sales officer for insurance brokerage HUB Private Client, which works with<strong>&nbsp;</strong>about 500 insurers.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Driving the news: </strong>The recent moves by State Farm and Allstate to stop offering new homeowner insurance policies in California have kicked off a national conversation on insuring risk in an increasingly perilous climate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>State Farm said in late May it was done accepting new applications for California property insurance — including homes and commercial property — \"due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market.\"</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An Allstate spokesperson confirmed to Axios that it quietly did the same thing in California in 2022 for the same reasons.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>The big picture:</strong> Disastrous wildfires have plagued California in recent years, while multiple hurricanes have hit Florida and Louisiana, racking up losses for insurers at the same time that home replacement costs have skyrocketed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Studies show that climate change is leading to larger, more frequent wildfires in much of the West.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Human-caused climate change is also making hurricanes more prone to rapid intensification and capable of delivering greater amounts of rainfall.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>At the same time, sea level rise from climate change is causing more frequent sunny day flooding, and more damaging storm surge events in coastal areas.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Zoom in:&nbsp;</strong>The regulatory environment is also contributing to insurance flight.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>In California, regulators have blocked insurers from raising rates above a certain threshold, which insurers say has prevented them from covering the costs of their policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>At an average of about $1,300 per year, home insurance rates there \"have been artificially low for decades,\" Insurance Information Institute (III) spokesman Mark Friedlander tells Axios.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\"This means insurers have been writing business there for this very high risk. And they\'ve been losing money.\"</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Threat level:&nbsp;</strong>Lanham said many of his clients can\'t get insurance for their homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The hardest states to insure homes, in order, are California, Florida, Texas, Colorado, Louisiana and New York, Lanham says.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>But this is a 50-state problem as insurers are being forced to re-assess their risk tolerance as climate change leads to more common and severe extreme weather events, says Steve Bowen, chief science officer at Gallagher Re.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Unless investments are made in hardening infrastructure, more insurance companies will have to pull out of markets, he said.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\"We really need to fundamentally change how we\'re viewing risk and accept that the risk that we assumed was normal 20 years ago is not the same risk today. And it\'s definitely not going to be the same risk 10, 20 years from today,\" Bowen said.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>State of play:&nbsp;</strong>In many areas, homes are insurable, but costs are mushrooming.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>In Florida, average annual rates are expected to rise about 43% to nearly $6,000 in 2023, according to the institute.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Friedlander and Nyce agreed that average Florida rates could hit $10,000 within a few years. In some areas, that amount has already been surpassed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\"There\'s a cost associated with living in paradise,\" Charles Nyce, a Florida State University professor and expert in catastrophic risk financing, tells Axios.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>The impact:&nbsp;</strong>Some two dozen Florida-based insurers are on a regulator\'s watchlist due to their financial predicaments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>\"We\'re not sure how many of those are going to survive,\" Friedlander says. \"We expect more to fail.\"</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>In some parts of Florida, residents must now turn to the state-backed Citizens Property Insurance for coverage, whose rate increases are restricted by lawmakers.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>It has become the largest insurer in the state with more than 1.2 million customers.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>In the event of more extreme weather events, \"we all could be on the hook to help replenish their funds,\" says Friedlander, a Florida resident.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Between the lines:&nbsp;</strong>Home replacement costs have risen 55.4% since 2019, according to the institute, as wages and material costs escalated.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Another problem is that the cost of reinsurance — essentially insurance for insurers — has also risen to prohibitive levels for companies operating in areas prone to escalating climate risks.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth noting:&nbsp;</strong>When homes become uninsurable, it makes it difficult to get a mortgage on the property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>In some cases, insurers are revising the types of policies they offer by including deductibles that are a percentage of the home’s value, instead of a flat amount.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lanham says the risk of rising rates is that it\'ll make areas unaffordable for certain residents and will trigger migration, causing coastal residents to move inland, for example.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.axios.com/2023/06/06/climate-change-homeowners-insurance-state-farm-california-florida\">click here.</a></p>\n<!-- /wp:paragraph -->','Insurance Companies are leaving California and Florida—Is your state next?','','publish','open','open','','insurance-companies-are-leaving-california-and-florida-is-your-state-next','','','2023-10-01 02:48:33','2023-10-01 02:48:33','',0,'http://smartinsurance.tips/?p=3520',0,'post','',0),(3521,1,'2023-10-01 02:47:01','2023-10-01 02:47:01','','My-project-1-27','','inherit','open','closed','','my-project-1-27-2','','','2023-10-01 02:47:01','2023-10-01 02:47:01','',3520,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-27.png',0,'attachment','image/png',0),(3522,1,'2023-10-01 02:48:33','2023-10-01 02:48:33','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3521,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-27-1024x536.png\" alt=\"\" class=\"wp-image-3521\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Decisions by two major insurers to stop offering new homeowner\'s policies in California highlight the growing portion of America that\'s becoming close to uninsurable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Why it matters: </strong>The threat of climate change-related disasters is a large factor driving up consumer costs and putting insurers out of business in parts of California, Florida, Louisiana and elsewhere.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>It is also bedeviling regulators. \"I never thought I would see in my lifetime houses that are flat-out uninsurable,\" says Robb Lanham, chief sales officer for insurance brokerage HUB Private Client, which works with<strong>&nbsp;</strong>about 500 insurers.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Driving the news: </strong>The recent moves by State Farm and Allstate to stop offering new homeowner insurance policies in California have kicked off a national conversation on insuring risk in an increasingly perilous climate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>State Farm said in late May it was done accepting new applications for California property insurance — including homes and commercial property — \"due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market.\"</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An Allstate spokesperson confirmed to Axios that it quietly did the same thing in California in 2022 for the same reasons.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>The big picture:</strong> Disastrous wildfires have plagued California in recent years, while multiple hurricanes have hit Florida and Louisiana, racking up losses for insurers at the same time that home replacement costs have skyrocketed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Studies show that climate change is leading to larger, more frequent wildfires in much of the West.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Human-caused climate change is also making hurricanes more prone to rapid intensification and capable of delivering greater amounts of rainfall.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>At the same time, sea level rise from climate change is causing more frequent sunny day flooding, and more damaging storm surge events in coastal areas.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Zoom in:&nbsp;</strong>The regulatory environment is also contributing to insurance flight.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>In California, regulators have blocked insurers from raising rates above a certain threshold, which insurers say has prevented them from covering the costs of their policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>At an average of about $1,300 per year, home insurance rates there \"have been artificially low for decades,\" Insurance Information Institute (III) spokesman Mark Friedlander tells Axios.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\"This means insurers have been writing business there for this very high risk. And they\'ve been losing money.\"</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Threat level:&nbsp;</strong>Lanham said many of his clients can\'t get insurance for their homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The hardest states to insure homes, in order, are California, Florida, Texas, Colorado, Louisiana and New York, Lanham says.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>But this is a 50-state problem as insurers are being forced to re-assess their risk tolerance as climate change leads to more common and severe extreme weather events, says Steve Bowen, chief science officer at Gallagher Re.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Unless investments are made in hardening infrastructure, more insurance companies will have to pull out of markets, he said.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\"We really need to fundamentally change how we\'re viewing risk and accept that the risk that we assumed was normal 20 years ago is not the same risk today. And it\'s definitely not going to be the same risk 10, 20 years from today,\" Bowen said.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>State of play:&nbsp;</strong>In many areas, homes are insurable, but costs are mushrooming.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>In Florida, average annual rates are expected to rise about 43% to nearly $6,000 in 2023, according to the institute.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Friedlander and Nyce agreed that average Florida rates could hit $10,000 within a few years. In some areas, that amount has already been surpassed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\"There\'s a cost associated with living in paradise,\" Charles Nyce, a Florida State University professor and expert in catastrophic risk financing, tells Axios.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>The impact:&nbsp;</strong>Some two dozen Florida-based insurers are on a regulator\'s watchlist due to their financial predicaments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>\"We\'re not sure how many of those are going to survive,\" Friedlander says. \"We expect more to fail.\"</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>In some parts of Florida, residents must now turn to the state-backed Citizens Property Insurance for coverage, whose rate increases are restricted by lawmakers.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>It has become the largest insurer in the state with more than 1.2 million customers.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>In the event of more extreme weather events, \"we all could be on the hook to help replenish their funds,\" says Friedlander, a Florida resident.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Between the lines:&nbsp;</strong>Home replacement costs have risen 55.4% since 2019, according to the institute, as wages and material costs escalated.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Another problem is that the cost of reinsurance — essentially insurance for insurers — has also risen to prohibitive levels for companies operating in areas prone to escalating climate risks.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth noting:&nbsp;</strong>When homes become uninsurable, it makes it difficult to get a mortgage on the property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>In some cases, insurers are revising the types of policies they offer by including deductibles that are a percentage of the home’s value, instead of a flat amount.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lanham says the risk of rising rates is that it\'ll make areas unaffordable for certain residents and will trigger migration, causing coastal residents to move inland, for example.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.axios.com/2023/06/06/climate-change-homeowners-insurance-state-farm-california-florida\">click here.</a></p>\n<!-- /wp:paragraph -->','Insurance Companies are leaving California and Florida—Is your state next?','','inherit','closed','closed','','3520-revision-v1','','','2023-10-01 02:48:33','2023-10-01 02:48:33','',3520,'http://smartinsurance.tips/?p=3522',0,'revision','',0),(3523,1,'2023-10-01 02:56:49','2023-10-01 02:56:49','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3524,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-28-1024x536.png\" alt=\"\" class=\"wp-image-3524\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">As a general rule, autos owned by a business should be insured under a business auto policy, and vehicles owned by an individual should be insured under a personal auto policy. However, it gets more complicated for sole proprietorships. Here\'s what to know about insuring cars under a commercial auto policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>It\'s best to avoid covering the same vehicle under two different policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Sole proprietors may be able to insure personal cars under a commercial policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Individual Named Insured endorsements may provide some coverage for your family, but not in all situations.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-3\">Avoid Duplication</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">If you are a sole proprietor, you may own both commercial vehicles (like trucks and trailers) that you use in your business and private passenger autos that you use for non-business purposes. Commercial autos owned by business entities must be insured under a business auto policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: While you could insure your personal-use autos under a separate personal auto policy, this is a bad idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Both commercial and personal auto policies provide automatic coverage for vehicles you acquire after the policy inception date. Both provide auto liability coverage for a vehicle used as a temporary substitute for a covered auto that is out of service. The policies may overlap.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Coverage overlaps may also occur between rented and non-owned autos. Most personal policies afford liability coverage to insured parties while driving autos they don\'t own, including rental vehicles. A commercial auto policy covers hired autos (rental vehicles) and non-owned autos for liability (depending on the insurance symbol).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Duplicate coverage is a waste of premium dollars and can lead to coverage disputes, particularly when the business and personal policies have been issued by different insurers. If an accident causes injury or damage that either policy could cover, the insurers might disagree on which one is liable for the loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-13\">Individual Named Insured Endorsement</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">If you are a sole proprietor, your personal-use vehicles can be insured under your commercial auto policy via a standard ISO endorsement entitled Individual Named Insured. The endorsement adds personal auto coverage to a commercial policy. It is available <em>only </em>if your business is a sole proprietorship.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-16\">Who\'s Covered?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">The endorsement amends the definition of <em>you </em>and <em>your </em>to include your spouse. Your spouse qualifies as a named insured as long as he or she is a resident of your household. However, your spouse is not entitled to receive notice of cancellation. If your insurer cancels your policy it will send notice to you only.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">The endorsement covers your family members as insureds while they are using covered autos you (or your spouse) own that are&nbsp;<em>private passenger-type</em>&nbsp;autos. This term means cars, vans, and pickups not used for business purposes (other than farming or ranching).&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">Your family members are also covered while driving autos you don\'t own. For example, your teenage son borrows a neighbor\'s car to run an errand and is involved in an accident in which another driver is injured. If the injured driver sues for son for bodily injury, your policy should cover the claim. Your liability insurance applies as excess coverage over any insurance available under the neighbor\'s policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: The term <em>family member</em> means anyone related to you by blood, marriage, or adoption who is a resident of your household. It includes wards and foster children.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-24\">No Fellow-Employee Exclusion</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The Individual Named Insured endorsement eliminates the fellow-employee exclusion with regard to injuries sustained by your fellow employees or those of your family members. The exclusion is eliminated because most personal policies do not exclude suits by fellow employees of insured parties.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-27\">Autos Not Covered</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">The Individual Named Insured endorsement does not cover your family members while driving any of the following types of vehicles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"wp-block-heading has-large-font-size\" id=\"mntl-sc-block_1-0-30\">Autos Owned by Family Members</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">For example, your 20-year-old daughter owns a car that is registered in her name. Neither she nor any other family member is an insured under your commercial auto policy while driving her vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"wp-block-heading has-large-font-size\" id=\"mntl-sc-block_1-0-33\">Auto Furnished or Available for Your (or a Family Member\'s) Use</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">For instance, your wife\'s employer provides her with a company car. Neither she nor any other family member is insured under your commercial auto policy while using her company car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"wp-block-heading has-large-font-size\" id=\"mntl-sc-block_1-0-36\">Auto Used To Sell, Service, Repair, or Park Autos</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-37\">For example, your teen-aged son works part-time at a garage that provides valet parking. Your son is not an insured under your commercial auto policy while parking customers\' cars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"wp-block-heading has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Autos Used for Other Business or Occupations</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">For example, your daughter owns a two-ton truck that she uses in a landscape design business she owns. Your daughter is not insured under your commercial auto policy while using the truck.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-42\">Physical Damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">The Individual Named Insured endorsement makes one important change under physical damage coverage. If you own a private passenger-type vehicle that is covered for physical damage, then physical damage coverage applies to any non-owned auto<em>.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">The term <em>non-owned auto</em> has a different meaning in the endorsement than in the commercial auto policy. In the endorsement, it means any private passenger vehicle, pickup, van, or trailer that is being operated by, but is not owned, by you or any family member. The definition excludes any vehicle that is furnished or available for regular use to you or a family member. The most your insurer will pay for physical damage to any non-owned trailer is $500.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">To see how this coverage applies, suppose that you own a private passenger vehicle that is insured under your commercial auto policy for liability, comprehensive, and collision. Your teenage daughter is driving a car she has borrowed from a neighbor when she skids on a patch of ice and hits a tree. She isn\'t hurt but the car is damaged.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Because a private passenger-type vehicle you own is covered for physical damage, that coverage extends to autos you don\'t own. However, this physical damage coverage is excess over any coverage afforded by the vehicle owner\'s policy. If the owner of the vehicle hasn\'t insured it for physical damage, your physical damage insurance should cover the loss (subject to the applicable deductible).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-51\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"fontSize\":\"large\"} -->\n<h2 class=\"wp-block-heading has-large-font-size\">How much is car insurance for a 4-person family on average?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The average premium per insured vehicle in 2019 was about $1,200 in 2019.<sup>2</sup> This rate varies significantly by state, so check localized data before estimating your insurance costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"fontSize\":\"large\"} -->\n<h2 class=\"wp-block-heading has-large-font-size\">How do you get proof that you are on the family policy for car insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurer should provide proof of insurance coverage. This can be a physical card (similar to an ID) that is issued to policyholders. It can also be a digital card accessed through a mobile app.</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/covering-family-members-under-a-commercial-auto-policy-462429\">click here.</a></p>\n<!-- /wp:paragraph -->','Covering Family Members Under a Commercial Auto Policy','','publish','open','open','','covering-family-members-under-a-commercial-auto-policy','','','2023-10-01 02:56:49','2023-10-01 02:56:49','',0,'http://smartinsurance.tips/?p=3523',0,'post','',0),(3524,1,'2023-10-01 02:52:59','2023-10-01 02:52:59','','My-project-1-28','','inherit','open','closed','','my-project-1-28-2','','','2023-10-01 02:52:59','2023-10-01 02:52:59','',3523,'http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-28.png',0,'attachment','image/png',0),(3525,1,'2023-10-01 02:56:49','2023-10-01 02:56:49','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3524,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/10/My-project-1-28-1024x536.png\" alt=\"\" class=\"wp-image-3524\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">As a general rule, autos owned by a business should be insured under a business auto policy, and vehicles owned by an individual should be insured under a personal auto policy. However, it gets more complicated for sole proprietorships. Here\'s what to know about insuring cars under a commercial auto policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>It\'s best to avoid covering the same vehicle under two different policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Sole proprietors may be able to insure personal cars under a commercial policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Individual Named Insured endorsements may provide some coverage for your family, but not in all situations.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-3\">Avoid Duplication</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">If you are a sole proprietor, you may own both commercial vehicles (like trucks and trailers) that you use in your business and private passenger autos that you use for non-business purposes. Commercial autos owned by business entities must be insured under a business auto policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: While you could insure your personal-use autos under a separate personal auto policy, this is a bad idea.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Both commercial and personal auto policies provide automatic coverage for vehicles you acquire after the policy inception date. Both provide auto liability coverage for a vehicle used as a temporary substitute for a covered auto that is out of service. The policies may overlap.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Coverage overlaps may also occur between rented and non-owned autos. Most personal policies afford liability coverage to insured parties while driving autos they don\'t own, including rental vehicles. A commercial auto policy covers hired autos (rental vehicles) and non-owned autos for liability (depending on the insurance symbol).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Duplicate coverage is a waste of premium dollars and can lead to coverage disputes, particularly when the business and personal policies have been issued by different insurers. If an accident causes injury or damage that either policy could cover, the insurers might disagree on which one is liable for the loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-13\">Individual Named Insured Endorsement</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">If you are a sole proprietor, your personal-use vehicles can be insured under your commercial auto policy via a standard ISO endorsement entitled Individual Named Insured. The endorsement adds personal auto coverage to a commercial policy. It is available <em>only </em>if your business is a sole proprietorship.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-16\">Who\'s Covered?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">The endorsement amends the definition of <em>you </em>and <em>your </em>to include your spouse. Your spouse qualifies as a named insured as long as he or she is a resident of your household. However, your spouse is not entitled to receive notice of cancellation. If your insurer cancels your policy it will send notice to you only.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">The endorsement covers your family members as insureds while they are using covered autos you (or your spouse) own that are&nbsp;<em>private passenger-type</em>&nbsp;autos. This term means cars, vans, and pickups not used for business purposes (other than farming or ranching).&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">Your family members are also covered while driving autos you don\'t own. For example, your teenage son borrows a neighbor\'s car to run an errand and is involved in an accident in which another driver is injured. If the injured driver sues for son for bodily injury, your policy should cover the claim. Your liability insurance applies as excess coverage over any insurance available under the neighbor\'s policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: The term <em>family member</em> means anyone related to you by blood, marriage, or adoption who is a resident of your household. It includes wards and foster children.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"x-large\"} -->\n<h3 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-24\">No Fellow-Employee Exclusion</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The Individual Named Insured endorsement eliminates the fellow-employee exclusion with regard to injuries sustained by your fellow employees or those of your family members. The exclusion is eliminated because most personal policies do not exclude suits by fellow employees of insured parties.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-27\">Autos Not Covered</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">The Individual Named Insured endorsement does not cover your family members while driving any of the following types of vehicles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"wp-block-heading has-large-font-size\" id=\"mntl-sc-block_1-0-30\">Autos Owned by Family Members</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">For example, your 20-year-old daughter owns a car that is registered in her name. Neither she nor any other family member is an insured under your commercial auto policy while driving her vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"wp-block-heading has-large-font-size\" id=\"mntl-sc-block_1-0-33\">Auto Furnished or Available for Your (or a Family Member\'s) Use</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">For instance, your wife\'s employer provides her with a company car. Neither she nor any other family member is insured under your commercial auto policy while using her company car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"wp-block-heading has-large-font-size\" id=\"mntl-sc-block_1-0-36\">Auto Used To Sell, Service, Repair, or Park Autos</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-37\">For example, your teen-aged son works part-time at a garage that provides valet parking. Your son is not an insured under your commercial auto policy while parking customers\' cars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"wp-block-heading has-large-font-size\" id=\"mntl-sc-block_1-0-39\">Autos Used for Other Business or Occupations</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">For example, your daughter owns a two-ton truck that she uses in a landscape design business she owns. Your daughter is not insured under your commercial auto policy while using the truck.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-42\">Physical Damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">The Individual Named Insured endorsement makes one important change under physical damage coverage. If you own a private passenger-type vehicle that is covered for physical damage, then physical damage coverage applies to any non-owned auto<em>.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">The term <em>non-owned auto</em> has a different meaning in the endorsement than in the commercial auto policy. In the endorsement, it means any private passenger vehicle, pickup, van, or trailer that is being operated by, but is not owned, by you or any family member. The definition excludes any vehicle that is furnished or available for regular use to you or a family member. The most your insurer will pay for physical damage to any non-owned trailer is $500.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">To see how this coverage applies, suppose that you own a private passenger vehicle that is insured under your commercial auto policy for liability, comprehensive, and collision. Your teenage daughter is driving a car she has borrowed from a neighbor when she skids on a patch of ice and hits a tree. She isn\'t hurt but the car is damaged.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Because a private passenger-type vehicle you own is covered for physical damage, that coverage extends to autos you don\'t own. However, this physical damage coverage is excess over any coverage afforded by the vehicle owner\'s policy. If the owner of the vehicle hasn\'t insured it for physical damage, your physical damage insurance should cover the loss (subject to the applicable deductible).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"fontSize\":\"x-large\"} -->\n<h2 class=\"wp-block-heading has-x-large-font-size\" id=\"mntl-sc-block_1-0-51\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"fontSize\":\"large\"} -->\n<h2 class=\"wp-block-heading has-large-font-size\">How much is car insurance for a 4-person family on average?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The average premium per insured vehicle in 2019 was about $1,200 in 2019.<sup>2</sup> This rate varies significantly by state, so check localized data before estimating your insurance costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"fontSize\":\"large\"} -->\n<h2 class=\"wp-block-heading has-large-font-size\">How do you get proof that you are on the family policy for car insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurer should provide proof of insurance coverage. This can be a physical card (similar to an ID) that is issued to policyholders. It can also be a digital card accessed through a mobile app.</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/covering-family-members-under-a-commercial-auto-policy-462429\">click here.</a></p>\n<!-- /wp:paragraph -->','Covering Family Members Under a Commercial Auto Policy','','inherit','closed','closed','','3523-revision-v1','','','2023-10-01 02:56:49','2023-10-01 02:56:49','',3523,'http://smartinsurance.tips/?p=3525',0,'revision','',0),