(916,1,'2020-11-19 22:58:49','2020-11-19 22:58:49','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><strong>How Much Insurance Should You Get? A Lawyer’s Advice</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\"></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/11/Untitled_Clipping_112020_065003_AM.jpg\" width=\"845\" height=\"475\" alt=\"\" class=\"wp-image-909 aligncenter size-full\" /></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\"></span></h2>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\"></span></h2>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\"></span></h2>\n<p class=\"polaris__heading\"><span style=\"color: #000000;\"><span>Thomas, a reader in Chicago, wrote: “Liberty Mutual Insurance television commercials, which state ‘Only Pay for What You Need,’ appear to suggest that other insurance companies will sell you coverages you don’t need. I’ll bet a lot of people wonder what they mean.”</span></span></p>\n<p class=\"polaris__heading\"><span style=\"color: #000000;\"><span>This column has received similar comments, and to find out what ‘Only pay for what you need” means, I contacted the company’s media relations team at Boston-Based Liberty Mutual, asking them that very question. That was weeks ago, and I am still waiting for a response. So, I turned to a trial attorney whose law practice concentrates on insurance company bad faith and asked him what he thought. The discussion that followed surprised me.</span></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\"></span></h2>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Customers Typically Should Insist on More than Minimums</span></h2>\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">“When they say you will only pay for what you need, they are implying that other insurance companies will automatically sell you coverages that you do not need, which is complete nonsense,” says Los Angeles-based attorney Shant Karnikian.</span></p>\n<p><span style=\"color: #000000;\">Actually, the opposite may tend to be true about some insurance companies, he says. They may prefer if customers bought less insurance coverage, not more. And that can be a problem for consumers.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">“The insurance industry wants to minimize exposure to future customer losses, and plaintiff lawyers are already seeing this reflected in the companies’ marketing practices, where they only want to sell minimum limits of auto or homeowners insurance, reducing payouts in the event of a claim. If you buy more coverage, they are exposed to paying more for the loss.</span></p>\n</div>\n<div class=\"polaris__simple-grid--aside\">\n<div class=\"polaris__ad -sidebar-ad -empty-ad-slot\">\n<div class=\"polaris__ad--inner\">\n<div id=\"refresh-desktop-side-10\"></div>\n<div></div>\n</div>\n</div>\n</div>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">“Even if you need it, they don’t want to sell it! But if you ask for more coverage, they are obligated to sell it to you. This means consumers must become educated and learn the coverages they absolutely must have.”</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Insurance Agents Not Required to Advise What Coverages You Need</span></h2>\n<p><span style=\"color: #000000;\">“Auto and property insurance companies let you accept or decline various types of coverage,” Karnikian says, “and today especially, the public needs to be aware that, with some very limited exceptions, insurance agents are not required to counsel their customers as to what they should be purchasing.”</span></p>\n<p><span style=\"color: #000000;\">That’s right. Insurance agents are typically not required to tell you what coverages are available or what you likely need. “In most instances, insurance agents are mere order takers, and unless you tell them what you want, they are generally under no obligation of advising you to obtain certain types of coverage,” he observes.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Keep These Coverage Guidelines in Mind</span></h2>\n<p><span style=\"color: #000000;\">For those shopping for insurance, Karnikian gives these recommendations:</span></p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Auto Insurance:</strong> Never buy just the minimum amounts that are required by your state, which varies and may be as low as $10,000 per person or $20,000 per accident. Buy 50/100,000 liability limits or more, meaning $50,000 per person or $100,000 per accident. And always purchase medical payments coverage and uninsured/under-insured coverage in limits no less than $100,000.</span></li>\n<li><span style=\"color: #000000;\"><strong>Homeowners/Commercial Property Insurance:</strong> <em>Overestimate </em>the cost of rebuilding your home or office, and include coverage to bring the property current with building codes. In a major loss — such as a wildfire — material and labor costs will be far greater than at normal times. Inadequate coverage means you will have to pay out of pocket the difference in price.</span></li>\n<li><span style=\"color: #000000;\"><strong>Ask in Writing:</strong> “What is the most coverage that I can possibly get for my home, car, liability and business?” The difference in premium costs between the basic policy and a much larger one will not shock the conscience. It is definitely worth it.</span></li>\n<li><span style=\"color: #000000;\"><strong>Consider a Broker Instead of an Agent: </strong>Brokers are not limited to selling policies from just one company. They work for you. Agents are limited to selling only the policies of the company they work for, which may not have the best policy for your needs.</span></li>\n</ol>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\"></span></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.kiplinger.com/personal-finance/insurance/601533/how-much-insurance-should-you-get-a-lawyers-advice\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How Much Insurance Should You Get? A Lawyer’s Advice','','inherit','closed','closed','','906-revision-v1','','','2020-11-19 22:58:49','2020-11-19 22:58:49','',906,'http://smartinsurance.tips/906-revision-v1/',0,'revision','',0),(913,1,'2020-11-19 22:54:05','2020-11-19 22:54:05','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><strong>How Much Insurance Should You Get? A Lawyer’s Advice</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\"></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/11/Untitled_Clipping_112020_065003_AM.jpg\" width=\"845\" height=\"475\" alt=\"\" class=\"wp-image-909 aligncenter size-full\" /></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\"></span></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\"></span></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Customers Typically Should Insist on More than Minimums</span></h2>\n<p><span style=\"color: #000000;\">“When they say you will only pay for what you need, they are implying that other insurance companies will automatically sell you coverages that you do not need, which is complete nonsense,” says Los Angeles-based attorney Shant Karnikian.</span></p>\n<p><span style=\"color: #000000;\">Actually, the opposite may tend to be true about some insurance companies, he says. They may prefer if customers bought less insurance coverage, not more. And that can be a problem for consumers.</span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">“The insurance industry wants to minimize exposure to future customer losses, and plaintiff lawyers are already seeing this reflected in the companies’ marketing practices, where they only want to sell minimum limits of auto or homeowners insurance, reducing payouts in the event of a claim. If you buy more coverage, they are exposed to paying more for the loss.</span></p>\n</div>\n<div class=\"polaris__simple-grid--aside\">\n<div class=\"polaris__ad -sidebar-ad -empty-ad-slot\">\n<div class=\"polaris__ad--inner\">\n<div id=\"refresh-desktop-side-10\"></div>\n<div></div>\n</div>\n</div>\n</div>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">“Even if you need it, they don’t want to sell it! But if you ask for more coverage, they are obligated to sell it to you. This means consumers must become educated and learn the coverages they absolutely must have.”</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Insurance Agents Not Required to Advise What Coverages You Need</span></h2>\n<p><span style=\"color: #000000;\">“Auto and property insurance companies let you accept or decline various types of coverage,” Karnikian says, “and today especially, the public needs to be aware that, with some very limited exceptions, insurance agents are not required to counsel their customers as to what they should be purchasing.”</span></p>\n<p><span style=\"color: #000000;\">That’s right. Insurance agents are typically not required to tell you what coverages are available or what you likely need. “In most instances, insurance agents are mere order takers, and unless you tell them what you want, they are generally under no obligation of advising you to obtain certain types of coverage,” he observes.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Keep These Coverage Guidelines in Mind</span></h2>\n<p><span style=\"color: #000000;\">For those shopping for insurance, Karnikian gives these recommendations:</span></p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Auto Insurance:</strong> Never buy just the minimum amounts that are required by your state, which varies and may be as low as $10,000 per person or $20,000 per accident. Buy 50/100,000 liability limits or more, meaning $50,000 per person or $100,000 per accident. And always purchase medical payments coverage and uninsured/under-insured coverage in limits no less than $100,000.</span></li>\n<li><span style=\"color: #000000;\"><strong>Homeowners/Commercial Property Insurance:</strong> <em>Overestimate </em>the cost of rebuilding your home or office, and include coverage to bring the property current with building codes. In a major loss — such as a wildfire — material and labor costs will be far greater than at normal times. Inadequate coverage means you will have to pay out of pocket the difference in price.</span></li>\n<li><span style=\"color: #000000;\"><strong>Ask in Writing:</strong> “What is the most coverage that I can possibly get for my home, car, liability and business?” The difference in premium costs between the basic policy and a much larger one will not shock the conscience. It is definitely worth it.</span></li>\n<li><span style=\"color: #000000;\"><strong>Consider a Broker Instead of an Agent: </strong>Brokers are not limited to selling policies from just one company. They work for you. Agents are limited to selling only the policies of the company they work for, which may not have the best policy for your needs.</span></li>\n</ol>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\"></span></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How Much Insurance Should You Get? A Lawyer’s Advice','','inherit','closed','closed','','906-revision-v1','','','2020-11-19 22:54:05','2020-11-19 22:54:05','',906,'http://smartinsurance.tips/906-revision-v1/',0,'revision','',0),(915,1,'2020-11-19 22:57:17','2020-11-19 22:57:17','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><strong>How Much Insurance Should You Get? A Lawyer’s Advice</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\"></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/11/Untitled_Clipping_112020_065003_AM.jpg\" width=\"845\" height=\"475\" alt=\"\" class=\"wp-image-909 aligncenter size-full\" /></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\"></span></h2>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\"></span></h2>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\"></span></h2>\n<p class=\"polaris__heading\"><span style=\"color: #000000;\"><span>Thomas, a reader in Chicago, wrote: “Liberty Mutual Insurance television commercials, which state ‘Only Pay for What You Need,’ appear to suggest that other insurance companies will sell you coverages you don’t need. I’ll bet a lot of people wonder what they mean.”</span></span></p>\n<p class=\"polaris__heading\"><span style=\"color: #000000;\"><span>This column has received similar comments, and to find out what ‘Only pay for what you need” means, I contacted the company’s media relations team at Boston-Based Liberty Mutual, asking them that very question. That was weeks ago, and I am still waiting for a response. So, I turned to a trial attorney whose law practice concentrates on insurance company bad faith and asked him what he thought. The discussion that followed surprised me.</span></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\"></span></h2>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Customers Typically Should Insist on More than Minimums</span></h2>\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">“When they say you will only pay for what you need, they are implying that other insurance companies will automatically sell you coverages that you do not need, which is complete nonsense,” says Los Angeles-based attorney Shant Karnikian.</span></p>\n<p><span style=\"color: #000000;\">Actually, the opposite may tend to be true about some insurance companies, he says. They may prefer if customers bought less insurance coverage, not more. And that can be a problem for consumers.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">“The insurance industry wants to minimize exposure to future customer losses, and plaintiff lawyers are already seeing this reflected in the companies’ marketing practices, where they only want to sell minimum limits of auto or homeowners insurance, reducing payouts in the event of a claim. If you buy more coverage, they are exposed to paying more for the loss.</span></p>\n</div>\n<div class=\"polaris__simple-grid--aside\">\n<div class=\"polaris__ad -sidebar-ad -empty-ad-slot\">\n<div class=\"polaris__ad--inner\">\n<div id=\"refresh-desktop-side-10\"></div>\n<div></div>\n</div>\n</div>\n</div>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">“Even if you need it, they don’t want to sell it! But if you ask for more coverage, they are obligated to sell it to you. This means consumers must become educated and learn the coverages they absolutely must have.”</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Insurance Agents Not Required to Advise What Coverages You Need</span></h2>\n<p><span style=\"color: #000000;\">“Auto and property insurance companies let you accept or decline various types of coverage,” Karnikian says, “and today especially, the public needs to be aware that, with some very limited exceptions, insurance agents are not required to counsel their customers as to what they should be purchasing.”</span></p>\n<p><span style=\"color: #000000;\">That’s right. Insurance agents are typically not required to tell you what coverages are available or what you likely need. “In most instances, insurance agents are mere order takers, and unless you tell them what you want, they are generally under no obligation of advising you to obtain certain types of coverage,” he observes.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Keep These Coverage Guidelines in Mind</span></h2>\n<p><span style=\"color: #000000;\">For those shopping for insurance, Karnikian gives these recommendations:</span></p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Auto Insurance:</strong> Never buy just the minimum amounts that are required by your state, which varies and may be as low as $10,000 per person or $20,000 per accident. Buy 50/100,000 liability limits or more, meaning $50,000 per person or $100,000 per accident. And always purchase medical payments coverage and uninsured/under-insured coverage in limits no less than $100,000.</span></li>\n<li><span style=\"color: #000000;\"><strong>Homeowners/Commercial Property Insurance:</strong> <em>Overestimate </em>the cost of rebuilding your home or office, and include coverage to bring the property current with building codes. In a major loss — such as a wildfire — material and labor costs will be far greater than at normal times. Inadequate coverage means you will have to pay out of pocket the difference in price.</span></li>\n<li><span style=\"color: #000000;\"><strong>Ask in Writing:</strong> “What is the most coverage that I can possibly get for my home, car, liability and business?” The difference in premium costs between the basic policy and a much larger one will not shock the conscience. It is definitely worth it.</span></li>\n<li><span style=\"color: #000000;\"><strong>Consider a Broker Instead of an Agent: </strong>Brokers are not limited to selling policies from just one company. They work for you. Agents are limited to selling only the policies of the company they work for, which may not have the best policy for your needs.</span></li>\n</ol>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\"></span></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How Much Insurance Should You Get? A Lawyer’s Advice','','inherit','closed','closed','','906-revision-v1','','','2020-11-19 22:57:17','2020-11-19 22:57:17','',906,'http://smartinsurance.tips/906-revision-v1/',0,'revision','',0),(917,1,'2020-11-19 23:23:21','2020-11-19 23:23:21','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"polaris__heading polaris__heading--title\" style=\"text-align: center;\"><strong>Does Life Insurance Actually Need to Be Part of Your Retirement Plan?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/11/Untitled_Clipping_112020_073133_AM-1024x576.jpg\" width=\"1024\" height=\"576\" alt=\"\" class=\"wp-image-920 aligncenter size-large\" /></span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The idea of retirement looks a little different for everyone. Some of us envision spending our golden years traveling the world, while others may prefer a quiet life filled with gardening and golf. Regardless of your vision for retirement, though, chances are that you are planning today to  in those years after your career ends.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">It’s no wonder, then, that permanent life insurance coverage is frequently recommended as part of retirement planning. But are these whole or universal life policies really beneficial enough? And is the higher price tag that accompanies permanent life coverage actually justified, especially when it means paying those larger premiums for decades to come?</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"> </span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Term Life Insurance and Retirement</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Depending on when you purchase , it can be an important part of retirement planning. For starters, it can serve to pay off the mortgage on the family home, cover future educational expenses for the kids, and even replace savings efforts from a spouse who has passed away. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If something were to happen to you during your biggest earning years, term life insurance coverage is an affordable way to protect and provide for your family for decades to come. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Even as you approach retirement, term life insurance has its benefits. Sure, you may not have a mortgage, student loans, or minor children to worry about anymore; however, if you and your significant other aren’t <em>quite</em> ready for retirement, a term life policy can help protect your spouse and ensure success in their own retirement efforts. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">But while all of this is fine and dandy, does have its limitations, especially in your older years.</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">The problem with term coverage</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The biggest problem with term coverage is that it isn’t permanent. Through LeapLife, for instance, you can buy between 10 and 40 years of term life insurance from a number of top carriers, such as Principal, Pacific Life, and Mutual of Omaha. However, this coverage will only protect your loved ones for a specific, temporary period of time. Depending on when you buy your policy and the term you choose, this might not even reach retirement age.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The next problem is that term life insurance doesn’t build up any sort of cash value. It provides protection for the policy’s term period, but once that ends, the money you’ve paid into premiums is simply lost.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"> </span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">The Argument for Permanent Life Insurance</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you’re looking to include in your retirement planning efforts, there are many arguments in the permanent coverage column. Here are some reasons you may want to consider buying a whole or universal life policy to plan for the long-term future. </span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">It can act as a retirement savings vehicle</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Arguably the biggest benefit to long-term life insurance coverage in terms of retirement is that permanent policies build up a cash value. Depending on the policy, this cash value can earn interest over time, helping you create a dual-purpose nest egg that also provides death benefits.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If needed, you may be able to pull from that cash value prior to your passing. Some permanent life insurance policies allow for early withdrawals and/or loans, while others enable you to pay premiums with your accrued balance. Either option can prove beneficial in your post-career budget.</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">It’s ideal if you need to protect a loved one long-term</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">is an excellent idea if you want to protect your kids while they’re small. But what if you have a loved one who will need care for an extended period of time?</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you have a child or spouse with special needs, for example, permanent life insurance is usually a much better fit than term coverage. This type of policy not only protects your loved one with a death benefit no matter when you pass away, but the accrued cash value that we already mentioned can also be drawn from in the future if it’s needed. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you foresee needing to provide life-long or long-term care for a child, spouse, or other loved one, permanent life insurance might be a worthwhile expense, even well into your retirement years. </span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Policies often include benefits like long-term care coverage</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">A large percentage of the population will need some level of long-term care in the future. Depending on the extent of the care needed and how long it’s required, this can potentially wreck your and your spouse’s retirement savings.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Many permanent life insurance policies allow for long-term care benefits, however. By adding this option to a whole or universal life policy, you are able to protect against potential long-term care needs with an affordable rider, while also maintaining life insurance protection.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Why Long-Term Life Insurance Might Be a Bad Idea</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">There are few things to keep in mind when purchasing long-term life insurance for retirement, however.</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">High premiums</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Permanent policies are significantly more expensive than comparable term life coverage, and the premiums may last the rest of your life. While the accrued cash value can be used to pay premiums later on, doing so will eat into the policy’s overall benefit. Failure to pay premiums can also result in coverage lapsing, or the policy can be surrendered (but incur fees).</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Cash value growth isn’t guaranteed</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Permanent life insurance policies may build a cash value and have the potential for interest growth. However, compared to other (also not guaranteed) investments, these may be a less lucrative option.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">This is especially true when compared to investing in your younger years, when you are more risk-tolerant. Consider whether those monthly premiums would better serve your retirement efforts in a dedicated investment account, such as a 401(K) with an employer match. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"> </span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Does Life Insurance Actually Need to Be Part of Your Retirement Plan?</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">As with many personal finance situations, the answer to the question of whether or not life insurance needs to be a part of your retirement plan is truly, “it depends.” </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">You may <em>need</em> permanent life insurance coverage that lasts well into retirement, especially if there are certain concerns and considerations. For instance, if you need to provide for a loved one with a disability or special needs — or want a policy that also provides disability or long-term care coverage for yourself — whole or universal life could be the right answer. It’s also worth considering if you want a policy that builds a cash value, which you can pull from over time if needed. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">For everyone else, though, might not make sense once you reach retirement age, especially if your kids are grown, the house is paid off, and you have sufficient savings. In many cases, affordable term life coverage that protects you until these milestones are met might just suffice.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.kiplinger.com/basic-page/601534/does-life-insurance-actually-need-to-be-part-of-your-retirement-plan\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Does Life Insurance Actually Need to Be Part of Your Retirement Plan?','','publish','closed','closed','','does-life-insurance-actually-need-to-be-part-of-your-retirement-plan','','','2020-11-19 23:35:59','2020-11-19 23:35:59','',0,'http://smartinsurance.tips/?page_id=917',0,'page','',0),(918,1,'2020-11-19 23:23:21','2020-11-19 23:23:21','<!-- wp:divi/placeholder /-->','Does Life Insurance Actually Need to Be Part of Your Retirement Plan?','','inherit','closed','closed','','917-revision-v1','','','2020-11-19 23:23:21','2020-11-19 23:23:21','',917,'http://smartinsurance.tips/917-revision-v1/',0,'revision','',0),(920,1,'2020-11-19 23:31:38','2020-11-19 23:31:38','','Untitled_Clipping_112020_073133_AM','','inherit','open','closed','','untitled_clipping_112020_073133_am','','','2020-11-19 23:31:38','2020-11-19 23:31:38','',0,'http://smartinsurance.tips/wp-content/uploads/2020/11/Untitled_Clipping_112020_073133_AM.jpg',0,'attachment','image/jpeg',0),(922,1,'2020-11-19 23:35:59','2020-11-19 23:35:59','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"polaris__heading polaris__heading--title\" style=\"text-align: center;\"><strong>Does Life Insurance Actually Need to Be Part of Your Retirement Plan?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/11/Untitled_Clipping_112020_073133_AM-1024x576.jpg\" width=\"1024\" height=\"576\" alt=\"\" class=\"wp-image-920 aligncenter size-large\" /></span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The idea of retirement looks a little different for everyone. Some of us envision spending our golden years traveling the world, while others may prefer a quiet life filled with gardening and golf. Regardless of your vision for retirement, though, chances are that you are planning today to  in those years after your career ends.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">It’s no wonder, then, that permanent life insurance coverage is frequently recommended as part of retirement planning. But are these whole or universal life policies really beneficial enough? And is the higher price tag that accompanies permanent life coverage actually justified, especially when it means paying those larger premiums for decades to come?</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"> </span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Term Life Insurance and Retirement</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Depending on when you purchase , it can be an important part of retirement planning. For starters, it can serve to pay off the mortgage on the family home, cover future educational expenses for the kids, and even replace savings efforts from a spouse who has passed away. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If something were to happen to you during your biggest earning years, term life insurance coverage is an affordable way to protect and provide for your family for decades to come. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Even as you approach retirement, term life insurance has its benefits. Sure, you may not have a mortgage, student loans, or minor children to worry about anymore; however, if you and your significant other aren’t <em>quite</em> ready for retirement, a term life policy can help protect your spouse and ensure success in their own retirement efforts. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">But while all of this is fine and dandy, does have its limitations, especially in your older years.</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">The problem with term coverage</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The biggest problem with term coverage is that it isn’t permanent. Through LeapLife, for instance, you can buy between 10 and 40 years of term life insurance from a number of top carriers, such as Principal, Pacific Life, and Mutual of Omaha. However, this coverage will only protect your loved ones for a specific, temporary period of time. Depending on when you buy your policy and the term you choose, this might not even reach retirement age.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The next problem is that term life insurance doesn’t build up any sort of cash value. It provides protection for the policy’s term period, but once that ends, the money you’ve paid into premiums is simply lost.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"> </span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">The Argument for Permanent Life Insurance</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you’re looking to include in your retirement planning efforts, there are many arguments in the permanent coverage column. Here are some reasons you may want to consider buying a whole or universal life policy to plan for the long-term future. </span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">It can act as a retirement savings vehicle</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Arguably the biggest benefit to long-term life insurance coverage in terms of retirement is that permanent policies build up a cash value. Depending on the policy, this cash value can earn interest over time, helping you create a dual-purpose nest egg that also provides death benefits.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If needed, you may be able to pull from that cash value prior to your passing. Some permanent life insurance policies allow for early withdrawals and/or loans, while others enable you to pay premiums with your accrued balance. Either option can prove beneficial in your post-career budget.</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">It’s ideal if you need to protect a loved one long-term</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">is an excellent idea if you want to protect your kids while they’re small. But what if you have a loved one who will need care for an extended period of time?</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you have a child or spouse with special needs, for example, permanent life insurance is usually a much better fit than term coverage. This type of policy not only protects your loved one with a death benefit no matter when you pass away, but the accrued cash value that we already mentioned can also be drawn from in the future if it’s needed. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you foresee needing to provide life-long or long-term care for a child, spouse, or other loved one, permanent life insurance might be a worthwhile expense, even well into your retirement years. </span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Policies often include benefits like long-term care coverage</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">A large percentage of the population will need some level of long-term care in the future. Depending on the extent of the care needed and how long it’s required, this can potentially wreck your and your spouse’s retirement savings.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Many permanent life insurance policies allow for long-term care benefits, however. By adding this option to a whole or universal life policy, you are able to protect against potential long-term care needs with an affordable rider, while also maintaining life insurance protection.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Why Long-Term Life Insurance Might Be a Bad Idea</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">There are few things to keep in mind when purchasing long-term life insurance for retirement, however.</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">High premiums</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Permanent policies are significantly more expensive than comparable term life coverage, and the premiums may last the rest of your life. While the accrued cash value can be used to pay premiums later on, doing so will eat into the policy’s overall benefit. Failure to pay premiums can also result in coverage lapsing, or the policy can be surrendered (but incur fees).</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Cash value growth isn’t guaranteed</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Permanent life insurance policies may build a cash value and have the potential for interest growth. However, compared to other (also not guaranteed) investments, these may be a less lucrative option.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">This is especially true when compared to investing in your younger years, when you are more risk-tolerant. Consider whether those monthly premiums would better serve your retirement efforts in a dedicated investment account, such as a 401(K) with an employer match. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"> </span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Does Life Insurance Actually Need to Be Part of Your Retirement Plan?</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">As with many personal finance situations, the answer to the question of whether or not life insurance needs to be a part of your retirement plan is truly, “it depends.” </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">You may <em>need</em> permanent life insurance coverage that lasts well into retirement, especially if there are certain concerns and considerations. For instance, if you need to provide for a loved one with a disability or special needs — or want a policy that also provides disability or long-term care coverage for yourself — whole or universal life could be the right answer. It’s also worth considering if you want a policy that builds a cash value, which you can pull from over time if needed. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">For everyone else, though, might not make sense once you reach retirement age, especially if your kids are grown, the house is paid off, and you have sufficient savings. In many cases, affordable term life coverage that protects you until these milestones are met might just suffice.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.kiplinger.com/basic-page/601534/does-life-insurance-actually-need-to-be-part-of-your-retirement-plan\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Does Life Insurance Actually Need to Be Part of Your Retirement Plan?','','inherit','closed','closed','','917-revision-v1','','','2020-11-19 23:35:59','2020-11-19 23:35:59','',917,'http://smartinsurance.tips/917-revision-v1/',0,'revision','',0),(921,1,'2020-11-19 23:33:49','2020-11-19 23:33:49','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"polaris__heading polaris__heading--title\" style=\"text-align: center;\"><strong>Does Life Insurance Actually Need to Be Part of Your Retirement Plan?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/11/Untitled_Clipping_112020_073133_AM-1024x576.jpg\" width=\"1024\" height=\"576\" alt=\"\" class=\"wp-image-920 aligncenter size-large\" /></span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The idea of retirement looks a little different for everyone. Some of us envision spending our golden years traveling the world, while others may prefer a quiet life filled with gardening and golf. Regardless of your vision for retirement, though, chances are that you are planning today to  in those years after your career ends.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">It’s no wonder, then, that permanent life insurance coverage is frequently recommended as part of retirement planning. But are these whole or universal life policies really beneficial enough? And is the higher price tag that accompanies permanent life coverage actually justified, especially when it means paying those larger premiums for decades to come?</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"> </span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Term Life Insurance and Retirement</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Depending on when you purchase , it can be an important part of retirement planning. For starters, it can serve to pay off the mortgage on the family home, cover future educational expenses for the kids, and even replace savings efforts from a spouse who has passed away. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If something were to happen to you during your biggest earning years, term life insurance coverage is an affordable way to protect and provide for your family for decades to come. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Even as you approach retirement, term life insurance has its benefits. Sure, you may not have a mortgage, student loans, or minor children to worry about anymore; however, if you and your significant other aren’t <em>quite</em> ready for retirement, a term life policy can help protect your spouse and ensure success in their own retirement efforts. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">But while all of this is fine and dandy, does have its limitations, especially in your older years.</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">The problem with term coverage</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The biggest problem with term coverage is that it isn’t permanent. Through LeapLife, for instance, you can buy between 10 and 40 years of term life insurance from a number of top carriers, such as Principal, Pacific Life, and Mutual of Omaha. However, this coverage will only protect your loved ones for a specific, temporary period of time. Depending on when you buy your policy and the term you choose, this might not even reach retirement age.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The next problem is that term life insurance doesn’t build up any sort of cash value. It provides protection for the policy’s term period, but once that ends, the money you’ve paid into premiums is simply lost.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"> </span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">The Argument for Permanent Life Insurance</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you’re looking to include in your retirement planning efforts, there are many arguments in the permanent coverage column. Here are some reasons you may want to consider buying a whole or universal life policy to plan for the long-term future. </span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">It can act as a retirement savings vehicle</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Arguably the biggest benefit to long-term life insurance coverage in terms of retirement is that permanent policies build up a cash value. Depending on the policy, this cash value can earn interest over time, helping you create a dual-purpose nest egg that also provides death benefits.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If needed, you may be able to pull from that cash value prior to your passing. Some permanent life insurance policies allow for early withdrawals and/or loans, while others enable you to pay premiums with your accrued balance. Either option can prove beneficial in your post-career budget.</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">It’s ideal if you need to protect a loved one long-term</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">is an excellent idea if you want to protect your kids while they’re small. But what if you have a loved one who will need care for an extended period of time?</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you have a child or spouse with special needs, for example, permanent life insurance is usually a much better fit than term coverage. This type of policy not only protects your loved one with a death benefit no matter when you pass away, but the accrued cash value that we already mentioned can also be drawn from in the future if it’s needed. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you foresee needing to provide life-long or long-term care for a child, spouse, or other loved one, permanent life insurance might be a worthwhile expense, even well into your retirement years. </span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Policies often include benefits like long-term care coverage</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">A large percentage of the population will need some level of long-term care in the future. Depending on the extent of the care needed and how long it’s required, this can potentially wreck your and your spouse’s retirement savings.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Many permanent life insurance policies allow for long-term care benefits, however. By adding this option to a whole or universal life policy, you are able to protect against potential long-term care needs with an affordable rider, while also maintaining life insurance protection.</span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Why Long-Term Life Insurance Might Be a Bad Idea</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"> </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">There are few things to keep in mind when purchasing long-term life insurance for retirement, however.</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">High premiums</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Permanent policies are significantly more expensive than comparable term life coverage, and the premiums may last the rest of your life. While the accrued cash value can be used to pay premiums later on, doing so will eat into the policy’s overall benefit. Failure to pay premiums can also result in coverage lapsing, or the policy can be surrendered (but incur fees).</span></p>\n<h3 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Cash value growth isn’t guaranteed</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Permanent life insurance policies may build a cash value and have the potential for interest growth. However, compared to other (also not guaranteed) investments, these may be a less lucrative option.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">This is especially true when compared to investing in your younger years, when you are more risk-tolerant. Consider whether those monthly premiums would better serve your retirement efforts in a dedicated investment account, such as a 401(K) with an employer match. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"> </span></p>\n<h2 class=\"polaris__heading\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Does Life Insurance Actually Need to Be Part of Your Retirement Plan?</span></h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">As with many personal finance situations, the answer to the question of whether or not life insurance needs to be a part of your retirement plan is truly, “it depends.” </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">You may <em>need</em> permanent life insurance coverage that lasts well into retirement, especially if there are certain concerns and considerations. For instance, if you need to provide for a loved one with a disability or special needs — or want a policy that also provides disability or long-term care coverage for yourself — whole or universal life could be the right answer. It’s also worth considering if you want a policy that builds a cash value, which you can pull from over time if needed. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">For everyone else, though, might not make sense once you reach retirement age, especially if your kids are grown, the house is paid off, and you have sufficient savings. In many cases, affordable term life coverage that protects you until these milestones are met might just suffice.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.kiplinger.com/basic-page/601534/does-life-insurance-actually-need-to-be-part-of-your-retirement-plan\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Does Life Insurance Actually Need to Be Part of Your Retirement Plan?','','inherit','closed','closed','','917-revision-v1','','','2020-11-19 23:33:49','2020-11-19 23:33:49','',917,'http://smartinsurance.tips/917-revision-v1/',0,'revision','',0),(923,1,'2020-11-19 23:37:10','2020-11-19 23:37:10','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"polaris__heading polaris__heading--title\" style=\"text-align: center;\"><strong>How to Get Property Insurance in High-Risk Areas</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/11/Untitled_Clipping_112020_075512_AM.jpg\" width=\"845\" height=\"475\" alt=\"\" class=\"wp-image-927 aligncenter size-full\" /></span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">This story is being written as wildfires ravage parts of the West — my state, California, in particular — and hurricanes leave Southeastern cities resembling war zones.  My column has received dozens of emails and phone calls from readers in these areas, all facing the same nightmare:</span></p>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">“We have homeowners insurance for our home and commercial property insurance for my business, but my agent has just told me that I will either be forced to pay an astronomically high rate to keep the insurance, or the company will just refuse to renew the policies, as I am in a high-risk area.</span></p>\n<div id=\"ultimedia_wrapper_khph4z4u\" class=\"polaris__digiteka\"></div>\n<p><span style=\"color: #000000;\">“No doubt we will face similar environmental threats in the future, so is there <em>any way </em>of obtaining insurance without going broke?”</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Calls from Worried Policyholders in High-Risk Areas</span></h2>\n<p><span style=\"color: #000000;\">Los Angeles-based insurance broker Karl Susman is receiving dozens of calls daily from his clients who live in high-risk areas and who have also been advised of the possibility of losing their property insurance. In addition to running his own brokerage, he also testifies as an expert witness in cases involving insurance coverage and agent malpractice.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">What is a High-Risk Property?</span></h2>\n<p><span style=\"color: #000000;\">“Unfortunately, there is no one defining characteristic for a high-risk property,” Susman says. “Every carrier has its own definition and guidelines to follow.  What one might declare unacceptable due to fire exposure, another will write a policy. Just because your next-door neighbor has a policy with a specific insurance company, this does not mean they will insure your property.</span></p>\n</div>\n<div class=\"polaris__simple-grid--aside\">\n<div class=\"polaris__ad -sidebar-ad -empty-ad-slot\">\n<div class=\"polaris__ad--inner\">\n<div id=\"refresh-desktop-side-10\"></div>\n</div>\n</div>\n</div>\n<div class=\"polaris__simple-grid--full\">\n<div class=\"polaris__ad -full-width -empty-ad-slot\">\n<div class=\"polaris__ad--inner\">\n<div id=\"refresh-desktop-inline-11\"></div>\n</div>\n</div>\n</div>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">“A common example making one home acceptable and a neighbor’s unacceptable would be the type of roof.  Or, you might have identical homes on opposite sides of the street, but one of them is backing up to a brush-covered hill.</span></p>\n<p><span style=\"color: #000000;\">“Properties that are in obviously higher-risk areas will have premiums that reflect those risks. If you live near a forest (vulnerable to fire risks), then it is logical that your premiums will be much higher than someone who resides in a city.  If your property is located in an area prone to severe weather, such as hurricanes, windstorms, tornadoes or hail, or you live in an urban area with high crime, vandalism and theft, this may be considered as high risk.”</span></p>\n<p><span style=\"color: #000000;\">So, let’s assume that you get that bad news from your agent, go online and find insurance brokers who represent several companies — not just one — and still are being turned away or quoted mind-numbing rates that you just can’t afford. You are biting your fingernails, thinking, “This is so unfair! Now what? How am I going to get coverage?”</span></p>\n<p><span style=\"color: #000000;\">And you just answered the question yourself with that one word, <em>FAIR.</em></span></p>\n<p><span style=\"color: #000000;\"><em></em></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">The FAIR Plan Provides Insurance in Many States</span></h2>\n<p><span style=\"color: #000000;\">Recognizing the need to make insurance available to even the most difficult-to-insure properties, in the 1960s Fair Access to Insurance Requirements (FAIR) plans were created to make insurance available in areas that had abnormally high exposure to risks over which property owners had no control.</span></p>\n<p><span style=\"color: #000000;\">The FAIR plan was government’s response to insurance companies refusing to insure inner-city properties and “redlining.” It was an example of what government can do when it gets its act together, and currently over 30 states and Washington D.C. have some type of a FAIR plan.</span></p>\n<p><span style=\"color: #000000;\">Susman explains, “FAIR plans are state chartered organizations designed to provide fire and other types of coverage to people who cannot obtain insurance in the standard market.</span></p>\n<p><span style=\"color: #000000;\">“FAIR plan policies might cost more than private insurance and offer less coverage, but still, it is protection where none would otherwise exist. All FAIR plans cover losses due to fire, and offer vandalism, riot and windstorm coverage.</span></p>\n<p><span style=\"color: #000000;\">“Claims and premiums that the FAIR plan collects and pays out are backed by admitted insurance companies in the state, based on their percentage of market share. It is important to understand that a FAIR policy provides very basic coverage primarily for the peril of fire only. </span></p>\n<p><span style=\"color: #000000;\">“For this reason it is important to obtain supplemental coverage for water damage, theft, liability, etc., through a private insurance company.  Many offer this type of coverage — which is referred to as a DIC policy — as the FAIR plan does not, and the quote from FAIR plan gives you links (like this one offered by California) and states that you need to obtain this supplemental coverage.”</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">FAIR Plan Rates</span></h2>\n<p><span style=\"color: #000000;\">“Please understand,” cautions Susman, “that FAIR plan premiums vary greatly, depending on the location and characteristics of the risk. If you are in the middle nowhere it will cost more, but generally will be much lower than rates charged by standard companies.”  Why do plans for remote locations tend to cost more? Just ask Rachael Ray after her home in the wilderness of Upstate New York burned to the ground. Far from fire hydrants, difficult for fire engines to get there, ambulance, first responders all increasing the potential payout for a claim by the insurance company for a loss or accident on the property. This makes the property far more difficult to insure, hence denials are common, and FAIR plans to the rescue.</span></p>\n<p><span style=\"color: #000000;\">In conclusion, Susman notes, “The FAIR plan allows property owners to get coverage when no one else will provide it, and these days, nothing can be more timely.” </span>     </p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.kiplinger.com/personal-finance/insurance/home-insurance/601392/how-to-get-property-insurance-in-high-risk-areas\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How to Get Property Insurance in High-Risk Areas','','publish','closed','closed','','how-to-get-property-insurance-in-high-risk-areas','','','2020-11-19 23:57:40','2020-11-19 23:57:40','',0,'http://smartinsurance.tips/?page_id=923',0,'page','',0),(924,1,'2020-11-19 23:37:10','2020-11-19 23:37:10','<!-- wp:divi/placeholder /-->','How to Get Property Insurance in High-Risk Areas','','inherit','closed','closed','','923-revision-v1','','','2020-11-19 23:37:10','2020-11-19 23:37:10','',923,'http://smartinsurance.tips/923-revision-v1/',0,'revision','',0),(927,1,'2020-11-19 23:55:19','2020-11-19 23:55:19','','Untitled_Clipping_112020_075512_AM','','inherit','open','closed','','untitled_clipping_112020_075512_am','','','2020-11-19 23:55:19','2020-11-19 23:55:19','',0,'http://smartinsurance.tips/wp-content/uploads/2020/11/Untitled_Clipping_112020_075512_AM.jpg',0,'attachment','image/jpeg',0),(933,1,'2020-11-20 00:57:03','2020-11-20 00:57:03','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"article-hed\" style=\"text-align: center;\"><strong>Balancing Virtual and In-Person Health Care</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\"><img src=\"https://hbr.org/resources/images/article_assets/2020/11/Nov20_17_161657472_1235401769.jpg\" /></div>\n<div align=\"center\"></div>\n<div align=\"center\"></div>\n<div align=\"center\"></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">The 2020 Covid-19 pandemic has seeded the U.S. healthcare system with innovations across the care spectrum, largely focused on outpatient care delivery through virtual care tools. The Centers for Medicare and Medicaid Services reported over an 11,000% increase in virtual visits (i.e., video- or phone-based visits).  In our academic health system, Brigham Health in Boston, Massachusetts, we saw an overall increase in virtual visits from pre-Covid-19 to its peak in May of over 20,000% (roughly 80,000 virtual visits that month), offered by nearly all of our ambulatory providers, and representing roughly 70% of all outpatient care from a baseline of less than 1%.</span></p>\n<p><span style=\"color: #000000;\">After the May peak, health care facilities began to reopen for more routine care; in-person volume in our system slowly grew while virtual volume fell. While the current surge may reverse that pattern again, as of this writing virtual visits represent about 25% of overall outpatient care – and our clinicians, practices and colleagues across the country are asking common questions about what comes next: How much virtual care makes sense when we do return to a new normal state? What is the best approach to offering virtual care alongside in-person care?  How will we know whether virtual care is succeeding, and in particular that it is reaching all patients as safely and equitably as possible?</span></p>\n<p><span style=\"color: #000000;\">Before Covid-19 struck, few large health systems in the U.S. offered outpatient telehealth at high volume, and thus it wasn’t clear how much virtual care was appropriate or even possible for many medical specialties. Kaiser Permanente, among the largest users of telehealth in routine care, reported in 2014 that at least 40% of its outpatient care was performed via virtual modalities (including portals, phone and/or video visits, and apps) and then in 2016 that virtual had exceeded in-person outpatient care. These reports became an industry benchmark, though were seen by many as not generalizable given Kaiser’s unique economics as an integrated payer-provider (and thus partly incentivized to offer more unreimbursed, virtual care). Our experience with Covid-19 sheds significant light on this question in a more traditional fee-for-service system.</span></p>\n<p><span style=\"color: #000000;\">During the massive shift to virtual care earlier this year, most specialties in our organization found that at least half, and in many cases nearly all, of their care could be delivered virtually. A few specialties with large proportions of visits requiring in-person care continued to offer predominantly in-person visits.  Interestingly, our pre-Covid assessment of billing data to determine what proportion of visits would be appropriate for virtual care closely predicted our actual experience during the pandemic. While these data likely overestimates the ideal proportion of care that should be done virtually — both because the billing model does not account for instances when the physical exam was necessary for evaluation or treatment, and because the Covid pandemic induced an aggressive focus on limiting physical interactions and preserving hospital capacity — the data still suggest that, for many specialties, 50% virtual is likely a minimum and some may be able to safely offer a significantly higher portion in the future even as in-person volume grows.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2><span style=\"color: #000000;\"><b>Principles and best practices</b></span></h2>\n<p><span style=\"color: #000000;\">Regardless of what proportion of outpatient care at the Brigham is delivered virtually after the pandemic subsides, it will surely represent a significant increase from our baseline, which is likely to be a generalizable trend for other national providers. As we transition to this new normal for healthcare delivery, how do we best continue virtual care alongside in-person care in the era of Covid-19? Based on our experience, we propose the following principles and best practices.</span></p>\n<p><span style=\"color: #000000;\">First, practices will need to develop criteria for triaging and scheduling patients for in-person or virtual visits. These criteria may be diagnosis- or symptom-based, or could rely on visit types (post-op, routine physical, etc.) and will likely vary across specialties depending on the clinical needs of patient populations. As “reopening” efforts are staggered and in some cases on hold as we confront a resurgence of Covid, and physical distancing requires that we minimize patients in waiting rooms and hospital common areas, in-person clinic schedules will likely remain under-filled for months to come.</span></p>\n<p><span style=\"color: #000000;\">In this environment, clinicians will need to offer a mix of in-person and virtual care from the same clinical session and space, and find new ways to work with practice staff to move patients into and out of visits smoothly. As in-person volume returns, this mixed model will be stressed by the tensions between in-person and virtual care operating under the same roof. We believe a cleaner approach is dedicated sessions of all in-person or all virtual care where the practice setting can be optimized. When offering virtual care, providers will need dedicated equipment, space, and focus to efficiently deliver virtually in a block of time. They can use smart devices (phones and tablets) for virtual visits but when necessary or as a backup, but we’ve found that clinicians have a better experience using webcams on desktop or laptop computers for larger video screen size and simultaneous, side-by-side use of the electronic health record (EHR-integrated video). These sessions can occur from any private, quiet space including home, so clinicians and practices will need to consider varying provider location in scheduling models.</span></p>\n<p><span style=\"color: #000000;\">Second, once technical functionality is established, virtual care needs to be optimized to meet other core provider and patient needs. One important function is interpreter service integration, for both phone and video visits. Another is a diversified technology toolbox including phone, EHR-integrated video, and video offered more seamlessly outside the EHR via simple tools like text messages linking to live videos, so that as many patients as possible can participate in virtual care and not just those who are English-speaking with ready access to broadband, connected devices and patient portals. This can help assure that disparities in care are not amplified by constraints on patients’ access to technology. For virtual care to be sustainable and to best meet patient needs, the full care team must be involved. Medical assistants can virtually room patients and perform many of their routine pre-visit tasks. Schedulers can help patients book virtual visits and can be integrated into the post-visit workflow so that follow-up items are completed. Trainees including students, residents and fellows can be precepted virtually depending on their relevant educational and compliance needs. For each of these groups, we have developed and disseminated best practice documents to encourage standard workflows, just as we have for in-person care.</span></p>\n<p><span style=\"color: #000000;\">Third, key performance indicators should be designed to assess the effectiveness of virtual care models. Practices will need to understand what proportion of virtual care they are offering and how to quickly adjust it to absorb surges such as the one we’re experiencing now. As virtual visits can improve access and efficiency, monitoring relevant metrics such as the lag times between scheduling and visit date and visit length are important, as well as payment parity compared to office visits as state and federal governments work to ensure comparable payment for virtual care, in the face of some national insurers looking to decrease it.  As clinical experience with virtual care has been limited, it will be critical to monitor quality and safety data to identify potential gaps or problem areas.</span></p>\n<p><span style=\"color: #000000;\">Finally, we are paying careful attention patient experience of virtual care, in the same ways we do across all our patient populations. Our success will depend on reducing the digital divide as much as we can, and making sure that these visits are provided equitably, particularly to patients with social determinants that can limit access to care.</span></p>\n<p><span style=\"color: #000000;\">As we enter a new era of virtual healthcare spurred on by Covid-19, these models will be judged not by their dizzying initial growth, but by their ultimate clinical quality, patient experience, technical reliability, financial sustainability, and health equity. While we hope that this recent digital transformation is a permanent one, hard work is needed to not lose ground, and that work begins now.</span></p>\n<p><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://hbr.org/2020/11/balancing-virtual-and-in-person-health-care\" style=\"font-size: 14px;\">click here</a><span style=\"color: #000000;\">.</span></p>\n</div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How to balance Virtual (Video & Phone based) and In-Person Health Care','','inherit','closed','closed','','878-revision-v1','','','2020-11-20 00:57:03','2020-11-20 00:57:03','',878,'http://smartinsurance.tips/878-revision-v1/',0,'revision','',0),(929,1,'2020-11-20 00:00:17','2020-11-20 00:00:17','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 sd-faq-q=\"1\" class=\"title\" style=\"text-align: center;\"><strong>What impacts the cost of motorcycle insurance?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<div class=\"section-content\">\n<h2><img src=\"https://www.progressive.com/Content/images/DomainProgressive/answers/shared/facebook/motorcycle-insurance-cost-factors.png\" /></h2>\n<h2 style=\"text-align: justify;\"><span style=\"color: #000000;\">Here’s what affects your price for motorcycle insurance</span></h2>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Location</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">We know you live to ride, but did you know that where your ride lives greatly impacts your insurance rate? Riders in colder states with shortened riding seasons usually have fewer accidents and insurance claims. That means lower rates. Conversely, you’re likely to pay more for motorcycle insurance in warmer states, where more opportunities to ride lead to more accidents and claims.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Age and riding experience</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Generally, your rate will decrease as you get old older, until you reach your 70s. Teenage riders pose the biggest risk for insurers, and will typically pay higher rates. But your age won’t always tell the whole story. If you’re an inexperienced motorcycle rider, you may pay a higher rate than a much younger rider with more experience. For example, a 35-year-old who just started riding may pay more than a 23-year-old with five years of riding experience.</span></p>\n<p style=\"text-align: justify;\"></p>\n<p style=\"text-align: justify;\"></p>\n</div>\n<div class=\"line-aside  line-aside--h3\" style=\"text-align: justify;\">\n<div class=\"line-aside__row\">\n<div class=\"line-aside__main-copy\">\n<h3><span style=\"color: #000000;\">Vehicle usage</span></h3>\n<p><span style=\"color: #000000;\">If you ride to and from work, you’ll usually pay more than a casual weekend rider. Using your bike for business purposes may make you ineligible for a personal motorcycle policy and require a business policy.</span></p>\n<p><span style=\"color: #000000;\">At many insurers, annual mileage may also impact how your rate is calculated. The more you ride, the higher your rate. <span style=\"font-size: 14px;\"> </span></span></p>\n</div>\n<div class=\"line-aside__side-col\">\n<p><span style=\"color: #000000;\"> </span></p>\n</div>\n</div>\n</div>\n<div class=\"section-content\">\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Speeding and traffic tickets</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">A speeding ticket on your motor vehicle report will likely increase your price for motorcycle insurance, whether the violation happened in your car or on your bike. In most states, violations will usually fall off your driving record after three years and your insurer will no longer charge you for it.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Accident and claim history</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Any auto or motorcycle accident on your motor vehicle or claims history will likely increase your motorcycle insurance rate. At-fault accidents will generally be costlier than not-at-fault accidents, and most claims will negatively affect your insurance price.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Type of bike</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">When comparing motorcycles in the same class, the model with the bigger engine will usually cost more to insure. A high-performance bike has a greater risk for an accident than a touring model.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Coverage selection</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Adding comprehensive and collision will cost you more than the state minimum liability coverage. While a liability-only policy will cost the least, it won’t protect your bike from physical damage. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The higher your deductible, the more of the repair or claim cost you’ll have to take on. That means your out-of-pocket costs will be higher at the time of the accident, but you’ll have a lower overall rate and vice versa.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Just get a quote to see exactly how customizing your coverages impacts your rate.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Credit</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Many motorcycle insurers check credit, so a better credit rating can add up to money saved on insurance. Remember, getting a quote will never affect your credit score.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Motorcycle endorsement</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">A motorcycle endorsement is simply a driver’s license for motorcyclists. While not required in every state, having one will bring down your cost for insurance. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Harley-Davidson<sup>®</sup> Owners Group</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you’re a HOG association member and have at least one Harley-Davidson on your motorcycle policy, you’ll earn a discount in 42 states.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Multi-policy</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you already have an auto, home, boat, or RV policy with us, you’ll enjoy a multi-policy discount on your motorcycle policy.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.progressive.com/answers/motorcycle-insurance-cost-factors/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What impacts the cost of motorcycle insurance?','','publish','closed','closed','','what-impacts-the-cost-of-motorcycle-insurance','','','2020-11-20 00:13:17','2020-11-20 00:13:17','',0,'http://smartinsurance.tips/?page_id=929',0,'page','',0),(930,1,'2020-11-20 00:00:17','2020-11-20 00:00:17','<!-- wp:divi/placeholder /-->','What impacts the cost of motorcycle insurance?','','inherit','closed','closed','','929-revision-v1','','','2020-11-20 00:00:17','2020-11-20 00:00:17','',929,'http://smartinsurance.tips/929-revision-v1/',0,'revision','',0),(928,1,'2020-11-19 23:57:40','2020-11-19 23:57:40','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"polaris__heading polaris__heading--title\" style=\"text-align: center;\"><strong>How to Get Property Insurance in High-Risk Areas</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2020/11/Untitled_Clipping_112020_075512_AM.jpg\" width=\"845\" height=\"475\" alt=\"\" class=\"wp-image-927 aligncenter size-full\" /></span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">This story is being written as wildfires ravage parts of the West — my state, California, in particular — and hurricanes leave Southeastern cities resembling war zones.  My column has received dozens of emails and phone calls from readers in these areas, all facing the same nightmare:</span></p>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">“We have homeowners insurance for our home and commercial property insurance for my business, but my agent has just told me that I will either be forced to pay an astronomically high rate to keep the insurance, or the company will just refuse to renew the policies, as I am in a high-risk area.</span></p>\n<div id=\"ultimedia_wrapper_khph4z4u\" class=\"polaris__digiteka\"></div>\n<p><span style=\"color: #000000;\">“No doubt we will face similar environmental threats in the future, so is there <em>any way </em>of obtaining insurance without going broke?”</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">Calls from Worried Policyholders in High-Risk Areas</span></h2>\n<p><span style=\"color: #000000;\">Los Angeles-based insurance broker Karl Susman is receiving dozens of calls daily from his clients who live in high-risk areas and who have also been advised of the possibility of losing their property insurance. In addition to running his own brokerage, he also testifies as an expert witness in cases involving insurance coverage and agent malpractice.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">What is a High-Risk Property?</span></h2>\n<p><span style=\"color: #000000;\">“Unfortunately, there is no one defining characteristic for a high-risk property,” Susman says. “Every carrier has its own definition and guidelines to follow.  What one might declare unacceptable due to fire exposure, another will write a policy. Just because your next-door neighbor has a policy with a specific insurance company, this does not mean they will insure your property.</span></p>\n</div>\n<div class=\"polaris__simple-grid--aside\">\n<div class=\"polaris__ad -sidebar-ad -empty-ad-slot\">\n<div class=\"polaris__ad--inner\">\n<div id=\"refresh-desktop-side-10\"></div>\n</div>\n</div>\n</div>\n<div class=\"polaris__simple-grid--full\">\n<div class=\"polaris__ad -full-width -empty-ad-slot\">\n<div class=\"polaris__ad--inner\">\n<div id=\"refresh-desktop-inline-11\"></div>\n</div>\n</div>\n</div>\n<div class=\"polaris__simple-grid--main\">\n<p><span style=\"color: #000000;\">“A common example making one home acceptable and a neighbor’s unacceptable would be the type of roof.  Or, you might have identical homes on opposite sides of the street, but one of them is backing up to a brush-covered hill.</span></p>\n<p><span style=\"color: #000000;\">“Properties that are in obviously higher-risk areas will have premiums that reflect those risks. If you live near a forest (vulnerable to fire risks), then it is logical that your premiums will be much higher than someone who resides in a city.  If your property is located in an area prone to severe weather, such as hurricanes, windstorms, tornadoes or hail, or you live in an urban area with high crime, vandalism and theft, this may be considered as high risk.”</span></p>\n<p><span style=\"color: #000000;\">So, let’s assume that you get that bad news from your agent, go online and find insurance brokers who represent several companies — not just one — and still are being turned away or quoted mind-numbing rates that you just can’t afford. You are biting your fingernails, thinking, “This is so unfair! Now what? How am I going to get coverage?”</span></p>\n<p><span style=\"color: #000000;\">And you just answered the question yourself with that one word, <em>FAIR.</em></span></p>\n<p><span style=\"color: #000000;\"><em></em></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">The FAIR Plan Provides Insurance in Many States</span></h2>\n<p><span style=\"color: #000000;\">Recognizing the need to make insurance available to even the most difficult-to-insure properties, in the 1960s Fair Access to Insurance Requirements (FAIR) plans were created to make insurance available in areas that had abnormally high exposure to risks over which property owners had no control.</span></p>\n<p><span style=\"color: #000000;\">The FAIR plan was government’s response to insurance companies refusing to insure inner-city properties and “redlining.” It was an example of what government can do when it gets its act together, and currently over 30 states and Washington D.C. have some type of a FAIR plan.</span></p>\n<p><span style=\"color: #000000;\">Susman explains, “FAIR plans are state chartered organizations designed to provide fire and other types of coverage to people who cannot obtain insurance in the standard market.</span></p>\n<p><span style=\"color: #000000;\">“FAIR plan policies might cost more than private insurance and offer less coverage, but still, it is protection where none would otherwise exist. All FAIR plans cover losses due to fire, and offer vandalism, riot and windstorm coverage.</span></p>\n<p><span style=\"color: #000000;\">“Claims and premiums that the FAIR plan collects and pays out are backed by admitted insurance companies in the state, based on their percentage of market share. It is important to understand that a FAIR policy provides very basic coverage primarily for the peril of fire only. </span></p>\n<p><span style=\"color: #000000;\">“For this reason it is important to obtain supplemental coverage for water damage, theft, liability, etc., through a private insurance company.  Many offer this type of coverage — which is referred to as a DIC policy — as the FAIR plan does not, and the quote from FAIR plan gives you links (like this one offered by California) and states that you need to obtain this supplemental coverage.”</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h2 class=\"polaris__heading\"><span style=\"color: #000000;\">FAIR Plan Rates</span></h2>\n<p><span style=\"color: #000000;\">“Please understand,” cautions Susman, “that FAIR plan premiums vary greatly, depending on the location and characteristics of the risk. If you are in the middle nowhere it will cost more, but generally will be much lower than rates charged by standard companies.”  Why do plans for remote locations tend to cost more? Just ask Rachael Ray after her home in the wilderness of Upstate New York burned to the ground. Far from fire hydrants, difficult for fire engines to get there, ambulance, first responders all increasing the potential payout for a claim by the insurance company for a loss or accident on the property. This makes the property far more difficult to insure, hence denials are common, and FAIR plans to the rescue.</span></p>\n<p><span style=\"color: #000000;\">In conclusion, Susman notes, “The FAIR plan allows property owners to get coverage when no one else will provide it, and these days, nothing can be more timely.” </span>     </p>\n</div>\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.kiplinger.com/personal-finance/insurance/home-insurance/601392/how-to-get-property-insurance-in-high-risk-areas\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','How to Get Property Insurance in High-Risk Areas','','inherit','closed','closed','','923-revision-v1','','','2020-11-19 23:57:40','2020-11-19 23:57:40','',923,'http://smartinsurance.tips/923-revision-v1/',0,'revision','',0),(932,1,'2020-11-20 00:09:06','2020-11-20 00:09:06','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 sd-faq-q=\"1\" class=\"title\" style=\"text-align: center;\"><strong>What impacts the cost of motorcycle insurance?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<div class=\"section-content\">\n<h2><img src=\"https://www.progressive.com/Content/images/DomainProgressive/answers/shared/facebook/motorcycle-insurance-cost-factors.png\" /></h2>\n<h2 style=\"text-align: justify;\"><span style=\"color: #000000;\">Here’s what affects your price for motorcycle insurance</span></h2>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Location</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">We know you live to ride, but did you know that where your ride lives greatly impacts your insurance rate? Riders in colder states with shortened riding seasons usually have fewer accidents and insurance claims. That means lower rates. Conversely, you’re likely to pay more for motorcycle insurance in warmer states, where more opportunities to ride lead to more accidents and claims.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Age and riding experience</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Generally, your rate will decrease as you get old older, until you reach your 70s. Teenage riders pose the biggest risk for insurers, and will typically pay higher rates. But your age won’t always tell the whole story. If you’re an inexperienced motorcycle rider, you may pay a higher rate than a much younger rider with more experience. For example, a 35-year-old who just started riding may pay more than a 23-year-old with five years of riding experience.</span></p>\n<p style=\"text-align: justify;\"></p>\n<p style=\"text-align: justify;\"></p>\n</div>\n<div class=\"line-aside  line-aside--h3\" style=\"text-align: justify;\">\n<div class=\"line-aside__row\">\n<div class=\"line-aside__main-copy\">\n<h3><span style=\"color: #000000;\">Vehicle usage</span></h3>\n<p><span style=\"color: #000000;\">If you ride to and from work, you’ll usually pay more than a casual weekend rider. Using your bike for business purposes may make you ineligible for a personal motorcycle policy and require a business policy.</span></p>\n<p><span style=\"color: #000000;\">At many insurers, annual mileage may also impact how your rate is calculated. The more you ride, the higher your rate. <span style=\"font-size: 14px;\"> </span></span></p>\n</div>\n<div class=\"line-aside__side-col\">\n<p><span style=\"color: #000000;\"> </span></p>\n</div>\n</div>\n</div>\n<div class=\"section-content\">\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Speeding and traffic tickets</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">A speeding ticket on your motor vehicle report will likely increase your price for motorcycle insurance, whether the violation happened in your car or on your bike. In most states, violations will usually fall off your driving record after three years and your insurer will no longer charge you for it.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Accident and claim history</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Any auto or motorcycle accident on your motor vehicle or claims history will likely increase your motorcycle insurance rate. At-fault accidents will generally be costlier than not-at-fault accidents, and most claims will negatively affect your insurance price.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Type of bike</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">When comparing motorcycles in the same class, the model with the bigger engine will usually cost more to insure. A high-performance bike has a greater risk for an accident than a touring model.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Coverage selection</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Adding comprehensive and collision will cost you more than the state minimum liability coverage. While a liability-only policy will cost the least, it won’t protect your bike from physical damage. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The higher your deductible, the more of the repair or claim cost you’ll have to take on. That means your out-of-pocket costs will be higher at the time of the accident, but you’ll have a lower overall rate and vice versa.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Just get a quote to see exactly how customizing your coverages impacts your rate.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Credit</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Many motorcycle insurers check credit, so a better credit rating can add up to money saved on insurance. Remember, getting a quote will never affect your credit score.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Motorcycle endorsement</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">A motorcycle endorsement is simply a driver’s license for motorcyclists. While not required in every state, having one will bring down your cost for insurance. </span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Harley-Davidson<sup>®</sup> Owners Group</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you’re a HOG association member and have at least one Harley-Davidson on your motorcycle policy, you’ll earn a discount in 42 states.</span></p>\n<p style=\"text-align: justify;\"></p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\">Multi-policy</span></h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you already have an auto, home, boat, or RV policy with us, you’ll enjoy a multi-policy discount on your motorcycle policy.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.progressive.com/answers/motorcycle-insurance-cost-factors/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What impacts the cost of motorcycle insurance?','','inherit','closed','closed','','929-revision-v1','','','2020-11-20 00:09:06','2020-11-20 00:09:06','',929,'http://smartinsurance.tips/929-revision-v1/',0,'revision','',0),(937,1,'2020-11-27 22:30:32','2020-11-27 22:30:32','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><strong>Finding the Best Homeowners Insurance</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\"></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/8b8657b4-d65a-44c5-9caf-b499e9431b1d/homeowners-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Beautiful Exterior of New Home at Twilight\" /></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Your home isn’t just a structure made of beams and walls — It’s your happy place, and it deserves to be protected. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<div align=\"center\" style=\"text-align: left;\"></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\">\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">What Does Homeowners Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">To put it simply, homeowners insurance is designed to repair, replace or recover the value of what you currently have (under coverage) if it’s damaged due to any number of causes.</span></p>\n<p><span style=\"color: #000000;\"><strong>Types of Claims and Cause of Damage</strong></span></p>\n<figure data-asset-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" data-image-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d5178d82-24d4-417a-b93d-3de7ceeaadfe/homeowners-claims-causes-chart.png\" data-asset-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" data-image-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" alt=\"Homeowners types of claims and causes chart\" /></span></figure>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Property Damage</strong> - This is by far the biggest claim maker, which includes damage to your house and any structures on your property due to water, fire and severe storms among others.</span></li>\n<li><span style=\"color: #000000;\"><strong>Natural Disasters</strong> - Homewreckers like floods and earthquakes are usually not covered by basic plans, meaning, you’ll need added coverage or a separate policy to keep your goodies protected. See what disasters are covered &gt;</span></li>\n<li><span style=\"color: #000000;\"><strong>Standard Home Liability</strong> - This will cover you financially if someone is injured or their personal belongings are damaged while on your property. More liability info &gt;</span></li>\n<li><span style=\"color: #000000;\"><strong>Extra Money for Living -</strong> If your house is too messed up to live in while it’s being repaired or rebuilt, most policies will pay for a hotel and other living expenses, like groceries.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal Property Coverage (AKA your stuff) - </strong>This will depend on the policy. Items like furniture may only be covered up to a depreciated value, but stuff like your bling might not have any coverage and will need additional insurance.</span></li>\n</ul>\n</div>\n<div align=\"center\">\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\"></span></h3>\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\">Is Homeowners Insurance Mandatory?</span></h3>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Homeowners insurance isn’t required by law, but most lenders will be sticklers and will require a policy in order to give you a loan. At a minimum, they’ll want your policy to cover or exceed the amount you owe on the loan.</span></p>\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\"></span></h3>\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\">What\'s So Great About an Independent Insurance Agent?</span></h3>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">It’s simple. Literally. Independent insurance agents simplify the process by shopping and comparing home insurance quotes for you. Not only that, they’ll cut the jargon and clarify the fine print so you know exactly what you’re getting.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>Percent of People Who Understand Their Insurance Coverage</strong></span></p>\n<figure data-asset-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" data-image-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/9ba55b13-48f3-4b79-af47-bab24797d533/home-owners_homeowners-understand-coverage-chart.png\" data-asset-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" data-image-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" alt=\"Homeowners insurance understanding coverage chart\" /></span></figure>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Plus, independent insurance agents work for YOU and not one insurance provider. Actually, they’re the only agents who can check policies from multiple carriers to find the right coverage at the best price.</span></p>\n</div>\n<p><span style=\"color: #000000;\"><strong></strong></span></p>\n<p><span style=\"color: #000000;\"><strong>Percentage of Homeowners Who Are Under-insured</strong></span></p>\n<figure data-asset-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" data-image-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/a8105047-030e-4aee-b068-7397af0e21ea/home-owners_homeowners-underinsured-chart.png\" data-asset-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" data-image-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" alt=\"Homeowners people who are under-insured chart\" /></span></figure>\n<p><span style=\"color: #000000;\">Most importantly, they’ll be there to help you when claim time comes. The outcome of home insurance claims can be strongly impacted by how the process is approached and handled. </span></p>\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">How to Make Sure You\'re Adequately Covered</span></h3>\n<p><span style=\"color: #000000;\">Many homeowners think they’re fully covered. Unfortunately, they’re not, and figuring this out when it’s claim time can be infuriating. Finding the right coverage depends on a number of things, from crime rates to wildfires in your area. Here are several hacks to help you.</span></p>\n<p><span style=\"color: #000000;\"><strong>Three Home Insurance Hacks</strong></span></p>\n<ul>\n<li><span style=\"color: #000000;\">Add an umbrella policy to increase coverage by up to $1 million or more.</span></li>\n<li><span style=\"color: #000000;\">Protect higher-value items like jewelry and art through “riders” or “endorsements.”</span></li>\n<li><span style=\"color: #000000;\">Get replacement cost home insurance instead of “actual cash value,” which only covers the current depreciated value.</span><span style=\"color: #000000;\"></span></li>\n</ul>\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">How Much Does Home Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">The average annual cost of homeowners insurance is $1,132 nationwide, but that cost can vary region to region, based on nasty hazards like floods and earthquakes. Find a complete state average cost list here &gt;</span></p>\n<p><span style=\"color: #000000;\"><strong>Check out How Much Homeowners Insurance Varies by State:</strong></span></p>\n<figure data-asset-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" data-image-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/df357e31-dc99-434b-ab2c-c7fabc2a06c8/home-owners_homeowners-average-premium-price.png\" data-asset-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" data-image-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" alt=\"Homeowners insurance premiums average cost\" /></span></figure>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Where Are All the Home Insurance Discounts Hiding?</span></h3>\n<p><span style=\"color: #000000;\">To start, combining policies and raising your deductible are two easy ways to drive down cost. You can also get lower rates and discounts if you reduce the risk of theft and damage by installing fire sprinklers, smoke alarms and security systems.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">The 411 On Online Home Insurance Quotes</span></h3>\n<p><span style=\"color: #000000;\">We know what you’re really looking for — fast and easy insurance quotes in 30 seconds or less. We get it, you want the goods ASAP, but choosing speed over accuracy can leave you high and dry or low and wet.</span></p>\n<p><span style=\"color: #000000;\">Robots and algorithms may be quick, but your peace of mind isn’t a variable in their quoting equation. Not only that, our competitors may sell your info to multiple companies, which can result in calls, on calls, on calls.</span></p>\n<p>&nbsp;</p>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best Homeowners Insurance','','publish','closed','closed','','finding-the-best-homeowners-insurance','','','2020-11-27 23:44:46','2020-11-27 23:44:46','',0,'http://smartinsurance.tips/?page_id=937',0,'page','',0),(938,1,'2020-11-27 22:30:32','2020-11-27 22:30:32','<!-- wp:divi/placeholder /-->','Finding the Best Homeowners Insurance','','inherit','closed','closed','','937-revision-v1','','','2020-11-27 22:30:32','2020-11-27 22:30:32','',937,'http://smartinsurance.tips/937-revision-v1/',0,'revision','',0);
INSERT INTO `smart_posts` VALUES (940,1,'2020-11-27 22:44:43','2020-11-27 22:44:43','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><strong>Finding the Best Homeowners Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\"></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/8b8657b4-d65a-44c5-9caf-b499e9431b1d/homeowners-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Beautiful Exterior of New Home at Twilight\" /></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\">Your home isn’t just a structure made of beams and walls — It’s your happy place, and it deserves to be protected. </span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">What Does Homeowners Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">To put it simply, homeowners insurance is designed to repair, replace or recover the value of what you currently have (under coverage) if it’s damaged due to any number of causes.</span></p>\n<p><span style=\"color: #000000;\"><strong>Types of Claims and Cause of Damage</strong></span></p>\n<figure data-asset-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" data-image-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d5178d82-24d4-417a-b93d-3de7ceeaadfe/homeowners-claims-causes-chart.png\" data-asset-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" data-image-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" alt=\"Homeowners types of claims and causes chart\" /></span></figure>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Property Damage</strong> - This is by far the biggest claim maker, which includes damage to your house and any structures on your property due to water, fire and severe storms among others.</span></li>\n<li><span style=\"color: #000000;\"><strong>Natural Disasters</strong> - Homewreckers like floods and earthquakes are usually not covered by basic plans, meaning, you’ll need added coverage or a separate policy to keep your goodies protected. See what disasters are covered &gt;</span></li>\n<li><span style=\"color: #000000;\"><strong>Standard Home Liability</strong> - This will cover you financially if someone is injured or their personal belongings are damaged while on your property. More liability info &gt;</span></li>\n<li><span style=\"color: #000000;\"><strong>Extra Money for Living -</strong> If your house is too messed up to live in while it’s being repaired or rebuilt, most policies will pay for a hotel and other living expenses, like groceries.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal Property Coverage (AKA your stuff) - </strong>This will depend on the policy. Items like furniture may only be covered up to a depreciated value, but stuff like your bling might not have any coverage and will need additional insurance.</span></li>\n</ul>\n</div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #000000;\">Is Homeowners Insurance Mandatory?</span></h3>\n<p><span style=\"color: #000000;\">Homeowners insurance isn’t required by law, but most lenders will be sticklers and will require a policy in order to give you a loan. At a minimum, they’ll want your policy to cover or exceed the amount you owe on the loan.</span></p>\n<h3><span style=\"color: #000000;\">What\'s So Great About an Independent Insurance Agent?</span></h3>\n<p><span style=\"color: #000000;\">It’s simple. Literally. Independent insurance agents simplify the process by shopping and comparing home insurance quotes for you. Not only that, they’ll cut the jargon and clarify the fine print so you know exactly what you’re getting.</span></p>\n<p><span style=\"color: #000000;\"><strong>Percent of People Who Understand Their Insurance Coverage</strong></span></p>\n<figure data-asset-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" data-image-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/9ba55b13-48f3-4b79-af47-bab24797d533/home-owners_homeowners-understand-coverage-chart.png\" data-asset-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" data-image-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" alt=\"Homeowners insurance understanding coverage chart\" /></span></figure>\n<p><span style=\"color: #000000;\">Plus, independent insurance agents work for YOU and not one insurance provider. Actually, they’re the only agents who can check policies from multiple carriers to find the right coverage at the best price.</span></p>\n<p><span style=\"color: #000000;\"><strong>Percentage of Homeowners Who Are Under-insured</strong></span></p>\n<figure data-asset-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" data-image-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/a8105047-030e-4aee-b068-7397af0e21ea/home-owners_homeowners-underinsured-chart.png\" data-asset-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" data-image-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" alt=\"Homeowners people who are under-insured chart\" /></span></figure>\n<p><span style=\"color: #000000;\">Most importantly, they’ll be there to help you when claim time comes. The outcome of home insurance claims can be strongly impacted by how the process is approached and handled. </span></p>\n<h3><span style=\"color: #000000;\">How to Make Sure You\'re Adequately Covered</span></h3>\n<p><span style=\"color: #000000;\">Many homeowners think they’re fully covered. Unfortunately, they’re not, and figuring this out when it’s claim time can be infuriating. Finding the right coverage depends on a number of things, from crime rates to wildfires in your area. Here are several hacks to help you.</span></p>\n<p><span style=\"color: #000000;\"><strong>Three Home Insurance Hacks</strong></span></p>\n<ul>\n<li><span style=\"color: #000000;\">Add an umbrella policy to increase coverage by up to $1 million or more.</span></li>\n<li><span style=\"color: #000000;\">Protect higher-value items like jewelry and art through “riders” or “endorsements.”</span></li>\n<li><span style=\"color: #000000;\">Get replacement cost home insurance instead of “actual cash value,” which only covers the current depreciated value.</span></li>\n</ul>\n<h3><span style=\"color: #000000;\">How Much Does Home Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">The average annual cost of homeowners insurance is $1,132 nationwide, but that cost can vary region to region, based on nasty hazards like floods and earthquakes. Find a complete state average cost list here &gt;</span></p>\n<p><span style=\"color: #000000;\"><strong>Check out How Much Homeowners Insurance Varies by State:</strong></span></p>\n<figure data-asset-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" data-image-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/df357e31-dc99-434b-ab2c-c7fabc2a06c8/home-owners_homeowners-average-premium-price.png\" data-asset-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" data-image-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" alt=\"Homeowners insurance premiums average cost\" /></span></figure>\n<h3><span style=\"color: #000000;\">Where Are All the Home Insurance Discounts Hiding?</span></h3>\n<p><span style=\"color: #000000;\">To start, combining policies and raising your deductible are two easy ways to drive down cost. You can also get lower rates and discounts if you reduce the risk of theft and damage by installing fire sprinklers, smoke alarms and security systems.</span></p>\n<h3><span style=\"color: #000000;\">The 411 On Online Home Insurance Quotes</span></h3>\n<p><span style=\"color: #000000;\">We know what you’re really looking for — fast and easy insurance quotes in 30 seconds or less. We get it, you want the goods ASAP, but choosing speed over accuracy can leave you high and dry or low and wet.</span></p>\n<p><span style=\"color: #000000;\">Robots and algorithms may be quick, but your peace of mind isn’t a variable in their quoting equation. Not only that, our competitors may sell your info to multiple companies, which can result in calls, on calls, on calls.</span></p>\n<p>&nbsp;</p>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best Homeowners Insurance','','inherit','closed','closed','','937-revision-v1','','','2020-11-27 22:44:43','2020-11-27 22:44:43','',937,'http://smartinsurance.tips/937-revision-v1/',0,'revision','',0),(943,1,'2020-11-27 22:53:21','2020-11-27 22:53:21','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Contents Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d5d3cb55-1661-4f0f-96ab-8c78ce973631/contents-insurance-hdr-photo.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Homeowners Insurance\" /></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">According to the FBI, in 2018, property worth more than $16 billion dollars was reported stolen. Many people remain under the misconception that their homeowners policy provides coverage for all the personal belongings in their homes regardless of the type of property. </span></p>\n<p><span style=\"color: #000000;\">That’s not entirely true, though. And every year, many policyholders learn this the hard way when their valuable personal property is damaged or stolen.</span></p>\n<p><span style=\"color: #000000;\">Moreover, many homeowners and renters don’t carry enough personal property insurance, also called contents insurance, on some of their most valuable possessions.</span></p>\n<p><span style=\"color: #000000;\">It is important for homeowners and renters alike to obtain and maintain the correct type and amount of contents insurance to ensure that their valuables will be replaced after a loss.  </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">The Basics of Personal Property Coverage</span></h3>\n<p><span style=\"color: #000000;\">The personal property insurance section of homeowners and renters policies has two very distinct coverage gaps that every policyholder should understand and address to make certain their property is covered sufficiently:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Valuation:</strong> Your insurance policy has a valuation clause regarding how it determines the value of your personal property at the time of a loss, and there are two methods for doing this. You decide which method should be used when the quote is calculated and the application completed. One method is actual cash value, which is calculated by using the purchase price minus depreciation. The other and more popular method is calculated by establishing replacement cost, or the cost to get the item new, and using that amount for reimbursement. With both methods, the deductible you select on the application is subtracted from claim payments.</span></li>\n<li><span style=\"color: #000000;\"><strong>Sublimits: </strong>Homeowners insurance companies have determined that some categories of personal property are much riskier than others, and as a result, they have established sublimits for payment in those cases:</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Most homeowners and renters policies allow policyholders to increase the limits on some or all of these categories with endorsements and additional premiums. </span></p>\n<p><span style=\"color: #000000;\">Policyholders may also elect to \"schedule\" any items whose value exceeds the sublimits assigned to their category. This is also done with endorsements and paying additional premiums.</span></p>\n<p><span style=\"color: #000000;\">Finding that you have coverage gaps after a claim can be financially devastating. You can prevent this from happening by asking questions during the quote and application process.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Should Renters Also Get Personal Property Coverage?</span></h3>\n<p><span style=\"color: #000000;\">Your landlord’s insurance will not cover your belongings if the structure in which you’re renting burns to the ground. If your rental is burglarized and your personal property stolen, your landlord’s contents insurance will not cover that either.</span></p>\n<p><span style=\"color: #000000;\">In fact, your landlord’s insurance will only cover losses related to the structure. If you haven’t purchased contents insurance for the apartment, condo, or home you are renting, you will have to pay out of pocket to replace your property.</span></p>\n<p><span style=\"color: #000000;\">The loss of use coverage in a rental policy also has an effect on your personal belongings. If your apartment was unlivable because of a fire, your loss of use coverage would reimburse you for the additional expense of a temporary rental while your apartment or home is under repair. This would include temporary storage expenses for your belongings.</span></p>\n<p><span style=\"color: #000000;\">The bottom line for renters and homeowners is basically the same regarding contents. In order to get the right amount of coverage for your personal belongings, speak with your insurance agent and consider every coverage and whether it provides the appropriate protection specific to your needs.</span></p>\n<p><span style=\"color: #000000;\">The decision on whether to base your personal property coverage on replacement cost or actual cash value is always made at the time of application. If you prefer to have claims resolved in a way that allows you to replace your contents on a new-for-old basis, then replacement cost should be your choice. </span></p>\n<p><span style=\"color: #000000;\">If you are not as concerned about your contents, and only expect the cash value for them at the time of a loss (depreciated value), then you should choose actual cash value coverage and save a little money on your insurance premium.</span></p>\n<p><span style=\"color: #000000;\">If you prefer to have claims resolved in a way that allows you to replace your contents on a new-for-old basis, then replacement cost should be your choice. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Getting the Right Amount of Personal Property Insurance</span></h3>\n<p><span style=\"color: #000000;\">When it comes to your personal property insurance, you decide the amount of coverage you need under your homeowners or renters insurance. </span></p>\n<p><span style=\"color: #000000;\">Many agents have access to software that calculates personal property replacement cost based on national averages that take into consideration the rooms in your home or apartment, but do not consider things like expensive jewelry, furs, firearms, or artwork. </span></p>\n<p><span style=\"color: #000000;\">If you do not keep any of these valuable items in your home or apartment, then the national average amount will probably suffice or be somewhat higher than your actual needs. If you have valuable items that are subject to sublimits in your policy, then you will need to discuss additional coverages with your agent.</span></p>\n<p><span style=\"color: #000000;\">Your responsibility as the applicant is to provide your agent with the value of the items you own (appraisals may be required) and to make certain they are insured appropriately by scheduling the property on your policy or purchasing a personal articles floater. </span></p>\n<p><span style=\"color: #000000;\">Your agent will help you decide which type of endorsement best meets your needs and the associated premium that will be charged for the additional contents insurance coverage. </span></p>\n<p><span style=\"color: #000000;\">It is important to note that this property is insured at \"stated value\" rather than replacement cost, and the deductible that applies is typically lower than your policy\'s regular deductible.</span></p>\n<p><span style=\"color: #000000;\"><strong>Named-risk coverage vs. all-risk coverage: </strong>Depending on the type of policy being considered, your personal property will be insured for named perils (named-risk) or all perils (all-risk). A typical homeowners policy is written on a special policy form, called an HO-3 form, which provides contents insurance coverage on a named-risk basis. </span></p>\n<p><span style=\"color: #000000;\">This means that 16 perils are covered. Many agents offer an HO-8 form, which is typically designed for newer homes that are protected by alarm systems and located in gated communities. This type of policy insures your contents on an all-risk basis. </span></p>\n<p><span style=\"color: #000000;\">This means that your property is covered for every peril unless it is excluded in the policy. The exclusions are usually applied because another type of policy, such as flood or earthquake, provides coverage for the excluded peril.</span></p>\n<p><span style=\"color: #000000;\"><strong>Unscheduled property floater:</strong> An unscheduled property floater is a way to provide additional insurance on categories of personal contents on a broad basis. </span></p>\n<p><span style=\"color: #000000;\">Instead of separately listing each firearm in a collection and the amount of insurance required, the policy provides coverage for the firearm category and assigns a limit the company is willing to accept. The additional premium for this type of floater is typically much lower than a scheduled property floater.</span></p>\n<p><span style=\"color: #000000;\"><strong>Scheduled property floater: </strong>A scheduled property floater provides a specific amount of coverage for specific items. You might list items such as these:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">One man\'s watch: Rolex Model XYZ – appraised value $18,000</span></li>\n<li><span style=\"color: #000000;\">One woman\'s wedding ring: 2 ct diamond in 18 ct gold band – appraised value $6,000</span></li>\n<li><span style=\"color: #000000;\">One antique 16-gauge shotgun: Remington – appraised value $8,000</span></li>\n</ul>\n<p><span style=\"color: #000000;\">With a scheduled property floater, the policyholder insures by item rather than by category and the insurance company agrees to accept limits based on the appraisals. Although a higher premium is charged, a scheduled property floater will pay the limits on a per-item basis rather than a per-category basis.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Contents Insurance','','publish','closed','closed','','contents-insurance','','','2020-11-27 23:42:59','2020-11-27 23:42:59','',0,'http://smartinsurance.tips/?page_id=943',0,'page','',0),(944,1,'2020-11-27 22:53:21','2020-11-27 22:53:21','<!-- wp:divi/placeholder /-->','Contents Insurance','','inherit','closed','closed','','943-revision-v1','','','2020-11-27 22:53:21','2020-11-27 22:53:21','',943,'http://smartinsurance.tips/943-revision-v1/',0,'revision','',0),(950,1,'2020-11-27 23:44:00','2020-11-27 23:44:00','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><strong>Finding the Best Homeowners Insurance</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\"></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/8b8657b4-d65a-44c5-9caf-b499e9431b1d/homeowners-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Beautiful Exterior of New Home at Twilight\" /></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Your home isn’t just a structure made of beams and walls — It’s your happy place, and it deserves to be protected. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<div align=\"center\" style=\"text-align: left;\"></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\">\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">What Does Homeowners Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">To put it simply, homeowners insurance is designed to repair, replace or recover the value of what you currently have (under coverage) if it’s damaged due to any number of causes.</span></p>\n<p><span style=\"color: #000000;\"><strong>Types of Claims and Cause of Damage</strong></span></p>\n<figure data-asset-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" data-image-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d5178d82-24d4-417a-b93d-3de7ceeaadfe/homeowners-claims-causes-chart.png\" data-asset-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" data-image-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" alt=\"Homeowners types of claims and causes chart\" /></span></figure>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Property Damage</strong> - This is by far the biggest claim maker, which includes damage to your house and any structures on your property due to water, fire and severe storms among others.</span></li>\n<li><span style=\"color: #000000;\"><strong>Natural Disasters</strong> - Homewreckers like floods and earthquakes are usually not covered by basic plans, meaning, you’ll need added coverage or a separate policy to keep your goodies protected. See what disasters are covered &gt;</span></li>\n<li><span style=\"color: #000000;\"><strong>Standard Home Liability</strong> - This will cover you financially if someone is injured or their personal belongings are damaged while on your property. More liability info &gt;</span></li>\n<li><span style=\"color: #000000;\"><strong>Extra Money for Living -</strong> If your house is too messed up to live in while it’s being repaired or rebuilt, most policies will pay for a hotel and other living expenses, like groceries.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal Property Coverage (AKA your stuff) - </strong>This will depend on the policy. Items like furniture may only be covered up to a depreciated value, but stuff like your bling might not have any coverage and will need additional insurance.</span></li>\n</ul>\n</div>\n<div align=\"center\">\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\"></span></h3>\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\">Is Homeowners Insurance Mandatory?</span></h3>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Homeowners insurance isn’t required by law, but most lenders will be sticklers and will require a policy in order to give you a loan. At a minimum, they’ll want your policy to cover or exceed the amount you owe on the loan.</span></p>\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\"></span></h3>\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\">What\'s So Great About an Independent Insurance Agent?</span></h3>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">It’s simple. Literally. Independent insurance agents simplify the process by shopping and comparing home insurance quotes for you. Not only that, they’ll cut the jargon and clarify the fine print so you know exactly what you’re getting.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>Percent of People Who Understand Their Insurance Coverage</strong></span></p>\n<figure data-asset-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" data-image-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/9ba55b13-48f3-4b79-af47-bab24797d533/home-owners_homeowners-understand-coverage-chart.png\" data-asset-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" data-image-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" alt=\"Homeowners insurance understanding coverage chart\" /></span></figure>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Plus, independent insurance agents work for YOU and not one insurance provider. Actually, they’re the only agents who can check policies from multiple carriers to find the right coverage at the best price.</span></p>\n</div>\n<p><span style=\"color: #000000;\"><strong></strong></span></p>\n<p><span style=\"color: #000000;\"><strong>Percentage of Homeowners Who Are Under-insured</strong></span></p>\n<figure data-asset-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" data-image-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/a8105047-030e-4aee-b068-7397af0e21ea/home-owners_homeowners-underinsured-chart.png\" data-asset-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" data-image-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" alt=\"Homeowners people who are under-insured chart\" /></span></figure>\n<p><span style=\"color: #000000;\">Most importantly, they’ll be there to help you when claim time comes. The outcome of home insurance claims can be strongly impacted by how the process is approached and handled. </span></p>\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">How to Make Sure You\'re Adequately Covered</span></h3>\n<p><span style=\"color: #000000;\">Many homeowners think they’re fully covered. Unfortunately, they’re not, and figuring this out when it’s claim time can be infuriating. Finding the right coverage depends on a number of things, from crime rates to wildfires in your area. Here are several hacks to help you.</span></p>\n<p><span style=\"color: #000000;\"><strong>Three Home Insurance Hacks</strong></span></p>\n<ul>\n<li><span style=\"color: #000000;\">Add an umbrella policy to increase coverage by up to $1 million or more.</span></li>\n<li><span style=\"color: #000000;\">Protect higher-value items like jewelry and art through “riders” or “endorsements.”</span></li>\n<li><span style=\"color: #000000;\">Get replacement cost home insurance instead of “actual cash value,” which only covers the current depreciated value.</span><span style=\"color: #000000;\"></span></li>\n</ul>\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">How Much Does Home Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">The average annual cost of homeowners insurance is $1,132 nationwide, but that cost can vary region to region, based on nasty hazards like floods and earthquakes. Find a complete state average cost list here &gt;</span></p>\n<p><span style=\"color: #000000;\"><strong>Check out How Much Homeowners Insurance Varies by State:</strong></span></p>\n<figure data-asset-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" data-image-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/df357e31-dc99-434b-ab2c-c7fabc2a06c8/home-owners_homeowners-average-premium-price.png\" data-asset-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" data-image-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" alt=\"Homeowners insurance premiums average cost\" /></span></figure>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Where Are All the Home Insurance Discounts Hiding?</span></h3>\n<p><span style=\"color: #000000;\">To start, combining policies and raising your deductible are two easy ways to drive down cost. You can also get lower rates and discounts if you reduce the risk of theft and damage by installing fire sprinklers, smoke alarms and security systems.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">The 411 On Online Home Insurance Quotes</span></h3>\n<p><span style=\"color: #000000;\">We know what you’re really looking for — fast and easy insurance quotes in 30 seconds or less. We get it, you want the goods ASAP, but choosing speed over accuracy can leave you high and dry or low and wet.</span></p>\n<p><span style=\"color: #000000;\">Robots and algorithms may be quick, but your peace of mind isn’t a variable in their quoting equation. Not only that, our competitors may sell your info to multiple companies, which can result in calls, on calls, on calls.</span></p>\n<p>&nbsp;</p>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best Homeowners Insurance','','inherit','closed','closed','','937-revision-v1','','','2020-11-27 23:44:00','2020-11-27 23:44:00','',937,'http://smartinsurance.tips/937-revision-v1/',0,'revision','',0),(942,1,'2020-11-27 22:50:41','2020-11-27 22:50:41','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><strong>Finding the Best Homeowners Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\"></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/8b8657b4-d65a-44c5-9caf-b499e9431b1d/homeowners-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Beautiful Exterior of New Home at Twilight\" /></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Your home isn’t just a structure made of beams and walls — It’s your happy place, and it deserves to be protected. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<div align=\"center\" style=\"text-align: left;\"></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: left;\">\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">What Does Homeowners Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">To put it simply, homeowners insurance is designed to repair, replace or recover the value of what you currently have (under coverage) if it’s damaged due to any number of causes.</span></p>\n<p><span style=\"color: #000000;\"><strong>Types of Claims and Cause of Damage</strong></span></p>\n<figure data-asset-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" data-image-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d5178d82-24d4-417a-b93d-3de7ceeaadfe/homeowners-claims-causes-chart.png\" data-asset-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" data-image-id=\"619918d2-501e-49dc-99fa-385f4e582cb9\" alt=\"Homeowners types of claims and causes chart\" /></span></figure>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Property Damage</strong> - This is by far the biggest claim maker, which includes damage to your house and any structures on your property due to water, fire and severe storms among others.</span></li>\n<li><span style=\"color: #000000;\"><strong>Natural Disasters</strong> - Homewreckers like floods and earthquakes are usually not covered by basic plans, meaning, you’ll need added coverage or a separate policy to keep your goodies protected. See what disasters are covered &gt;</span></li>\n<li><span style=\"color: #000000;\"><strong>Standard Home Liability</strong> - This will cover you financially if someone is injured or their personal belongings are damaged while on your property. More liability info &gt;</span></li>\n<li><span style=\"color: #000000;\"><strong>Extra Money for Living -</strong> If your house is too messed up to live in while it’s being repaired or rebuilt, most policies will pay for a hotel and other living expenses, like groceries.</span></li>\n<li><span style=\"color: #000000;\"><strong>Personal Property Coverage (AKA your stuff) - </strong>This will depend on the policy. Items like furniture may only be covered up to a depreciated value, but stuff like your bling might not have any coverage and will need additional insurance.</span></li>\n</ul>\n</div>\n<div align=\"center\">\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\"></span></h3>\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\">Is Homeowners Insurance Mandatory?</span></h3>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Homeowners insurance isn’t required by law, but most lenders will be sticklers and will require a policy in order to give you a loan. At a minimum, they’ll want your policy to cover or exceed the amount you owe on the loan.</span></p>\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\"></span></h3>\n<h3 style=\"text-align: left;\"><span style=\"color: #000000;\">What\'s So Great About an Independent Insurance Agent?</span></h3>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">It’s simple. Literally. Independent insurance agents simplify the process by shopping and comparing home insurance quotes for you. Not only that, they’ll cut the jargon and clarify the fine print so you know exactly what you’re getting.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>Percent of People Who Understand Their Insurance Coverage</strong></span></p>\n<figure data-asset-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" data-image-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/9ba55b13-48f3-4b79-af47-bab24797d533/home-owners_homeowners-understand-coverage-chart.png\" data-asset-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" data-image-id=\"d3c8f35b-0199-4e59-a764-67df4c104e2e\" alt=\"Homeowners insurance understanding coverage chart\" /></span></figure>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Plus, independent insurance agents work for YOU and not one insurance provider. Actually, they’re the only agents who can check policies from multiple carriers to find the right coverage at the best price.</span></p>\n</div>\n<p><span style=\"color: #000000;\"><strong></strong></span></p>\n<p><span style=\"color: #000000;\"><strong>Percentage of Homeowners Who Are Under-insured</strong></span></p>\n<figure data-asset-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" data-image-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/a8105047-030e-4aee-b068-7397af0e21ea/home-owners_homeowners-underinsured-chart.png\" data-asset-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" data-image-id=\"03a632e5-1545-4796-8449-6ffb875a0ed5\" alt=\"Homeowners people who are under-insured chart\" /></span></figure>\n<p><span style=\"color: #000000;\">Most importantly, they’ll be there to help you when claim time comes. The outcome of home insurance claims can be strongly impacted by how the process is approached and handled. </span></p>\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">How to Make Sure You\'re Adequately Covered</span></h3>\n<p><span style=\"color: #000000;\">Many homeowners think they’re fully covered. Unfortunately, they’re not, and figuring this out when it’s claim time can be infuriating. Finding the right coverage depends on a number of things, from crime rates to wildfires in your area. Here are several hacks to help you.</span></p>\n<p><span style=\"color: #000000;\"><strong>Three Home Insurance Hacks</strong></span></p>\n<ul>\n<li><span style=\"color: #000000;\">Add an umbrella policy to increase coverage by up to $1 million or more.</span></li>\n<li><span style=\"color: #000000;\">Protect higher-value items like jewelry and art through “riders” or “endorsements.”</span></li>\n<li><span style=\"color: #000000;\">Get replacement cost home insurance instead of “actual cash value,” which only covers the current depreciated value.</span><span style=\"color: #000000;\"></span></li>\n</ul>\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">How Much Does Home Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">The average annual cost of homeowners insurance is $1,132 nationwide, but that cost can vary region to region, based on nasty hazards like floods and earthquakes. Find a complete state average cost list here &gt;</span></p>\n<p><span style=\"color: #000000;\"><strong>Check out How Much Homeowners Insurance Varies by State:</strong></span></p>\n<figure data-asset-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" data-image-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/df357e31-dc99-434b-ab2c-c7fabc2a06c8/home-owners_homeowners-average-premium-price.png\" data-asset-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" data-image-id=\"5d2dbea9-fad8-4d60-87e4-03782c86fa6c\" alt=\"Homeowners insurance premiums average cost\" /></span></figure>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Where Are All the Home Insurance Discounts Hiding?</span></h3>\n<p><span style=\"color: #000000;\">To start, combining policies and raising your deductible are two easy ways to drive down cost. You can also get lower rates and discounts if you reduce the risk of theft and damage by installing fire sprinklers, smoke alarms and security systems.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">The 411 On Online Home Insurance Quotes</span></h3>\n<p><span style=\"color: #000000;\">We know what you’re really looking for — fast and easy insurance quotes in 30 seconds or less. We get it, you want the goods ASAP, but choosing speed over accuracy can leave you high and dry or low and wet.</span></p>\n<p><span style=\"color: #000000;\">Robots and algorithms may be quick, but your peace of mind isn’t a variable in their quoting equation. Not only that, our competitors may sell your info to multiple companies, which can result in calls, on calls, on calls.</span></p>\n<p>&nbsp;</p>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best Homeowners Insurance','','inherit','closed','closed','','937-revision-v1','','','2020-11-27 22:50:41','2020-11-27 22:50:41','',937,'http://smartinsurance.tips/937-revision-v1/',0,'revision','',0),(948,1,'2020-11-27 23:42:59','2020-11-27 23:42:59','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Contents Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d5d3cb55-1661-4f0f-96ab-8c78ce973631/contents-insurance-hdr-photo.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Homeowners Insurance\" /></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">According to the FBI, in 2018, property worth more than $16 billion dollars was reported stolen. Many people remain under the misconception that their homeowners policy provides coverage for all the personal belongings in their homes regardless of the type of property. </span></p>\n<p><span style=\"color: #000000;\">That’s not entirely true, though. And every year, many policyholders learn this the hard way when their valuable personal property is damaged or stolen.</span></p>\n<p><span style=\"color: #000000;\">Moreover, many homeowners and renters don’t carry enough personal property insurance, also called contents insurance, on some of their most valuable possessions.</span></p>\n<p><span style=\"color: #000000;\">It is important for homeowners and renters alike to obtain and maintain the correct type and amount of contents insurance to ensure that their valuables will be replaced after a loss.  </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">The Basics of Personal Property Coverage</span></h3>\n<p><span style=\"color: #000000;\">The personal property insurance section of homeowners and renters policies has two very distinct coverage gaps that every policyholder should understand and address to make certain their property is covered sufficiently:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Valuation:</strong> Your insurance policy has a valuation clause regarding how it determines the value of your personal property at the time of a loss, and there are two methods for doing this. You decide which method should be used when the quote is calculated and the application completed. One method is actual cash value, which is calculated by using the purchase price minus depreciation. The other and more popular method is calculated by establishing replacement cost, or the cost to get the item new, and using that amount for reimbursement. With both methods, the deductible you select on the application is subtracted from claim payments.</span></li>\n<li><span style=\"color: #000000;\"><strong>Sublimits: </strong>Homeowners insurance companies have determined that some categories of personal property are much riskier than others, and as a result, they have established sublimits for payment in those cases:</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Most homeowners and renters policies allow policyholders to increase the limits on some or all of these categories with endorsements and additional premiums. </span></p>\n<p><span style=\"color: #000000;\">Policyholders may also elect to \"schedule\" any items whose value exceeds the sublimits assigned to their category. This is also done with endorsements and paying additional premiums.</span></p>\n<p><span style=\"color: #000000;\">Finding that you have coverage gaps after a claim can be financially devastating. You can prevent this from happening by asking questions during the quote and application process.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Should Renters Also Get Personal Property Coverage?</span></h3>\n<p><span style=\"color: #000000;\">Your landlord’s insurance will not cover your belongings if the structure in which you’re renting burns to the ground. If your rental is burglarized and your personal property stolen, your landlord’s contents insurance will not cover that either.</span></p>\n<p><span style=\"color: #000000;\">In fact, your landlord’s insurance will only cover losses related to the structure. If you haven’t purchased contents insurance for the apartment, condo, or home you are renting, you will have to pay out of pocket to replace your property.</span></p>\n<p><span style=\"color: #000000;\">The loss of use coverage in a rental policy also has an effect on your personal belongings. If your apartment was unlivable because of a fire, your loss of use coverage would reimburse you for the additional expense of a temporary rental while your apartment or home is under repair. This would include temporary storage expenses for your belongings.</span></p>\n<p><span style=\"color: #000000;\">The bottom line for renters and homeowners is basically the same regarding contents. In order to get the right amount of coverage for your personal belongings, speak with your insurance agent and consider every coverage and whether it provides the appropriate protection specific to your needs.</span></p>\n<p><span style=\"color: #000000;\">The decision on whether to base your personal property coverage on replacement cost or actual cash value is always made at the time of application. If you prefer to have claims resolved in a way that allows you to replace your contents on a new-for-old basis, then replacement cost should be your choice. </span></p>\n<p><span style=\"color: #000000;\">If you are not as concerned about your contents, and only expect the cash value for them at the time of a loss (depreciated value), then you should choose actual cash value coverage and save a little money on your insurance premium.</span></p>\n<p><span style=\"color: #000000;\">If you prefer to have claims resolved in a way that allows you to replace your contents on a new-for-old basis, then replacement cost should be your choice. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Getting the Right Amount of Personal Property Insurance</span></h3>\n<p><span style=\"color: #000000;\">When it comes to your personal property insurance, you decide the amount of coverage you need under your homeowners or renters insurance. </span></p>\n<p><span style=\"color: #000000;\">Many agents have access to software that calculates personal property replacement cost based on national averages that take into consideration the rooms in your home or apartment, but do not consider things like expensive jewelry, furs, firearms, or artwork. </span></p>\n<p><span style=\"color: #000000;\">If you do not keep any of these valuable items in your home or apartment, then the national average amount will probably suffice or be somewhat higher than your actual needs. If you have valuable items that are subject to sublimits in your policy, then you will need to discuss additional coverages with your agent.</span></p>\n<p><span style=\"color: #000000;\">Your responsibility as the applicant is to provide your agent with the value of the items you own (appraisals may be required) and to make certain they are insured appropriately by scheduling the property on your policy or purchasing a personal articles floater. </span></p>\n<p><span style=\"color: #000000;\">Your agent will help you decide which type of endorsement best meets your needs and the associated premium that will be charged for the additional contents insurance coverage. </span></p>\n<p><span style=\"color: #000000;\">It is important to note that this property is insured at \"stated value\" rather than replacement cost, and the deductible that applies is typically lower than your policy\'s regular deductible.</span></p>\n<p><span style=\"color: #000000;\"><strong>Named-risk coverage vs. all-risk coverage: </strong>Depending on the type of policy being considered, your personal property will be insured for named perils (named-risk) or all perils (all-risk). A typical homeowners policy is written on a special policy form, called an HO-3 form, which provides contents insurance coverage on a named-risk basis. </span></p>\n<p><span style=\"color: #000000;\">This means that 16 perils are covered. Many agents offer an HO-8 form, which is typically designed for newer homes that are protected by alarm systems and located in gated communities. This type of policy insures your contents on an all-risk basis. </span></p>\n<p><span style=\"color: #000000;\">This means that your property is covered for every peril unless it is excluded in the policy. The exclusions are usually applied because another type of policy, such as flood or earthquake, provides coverage for the excluded peril.</span></p>\n<p><span style=\"color: #000000;\"><strong>Unscheduled property floater:</strong> An unscheduled property floater is a way to provide additional insurance on categories of personal contents on a broad basis. </span></p>\n<p><span style=\"color: #000000;\">Instead of separately listing each firearm in a collection and the amount of insurance required, the policy provides coverage for the firearm category and assigns a limit the company is willing to accept. The additional premium for this type of floater is typically much lower than a scheduled property floater.</span></p>\n<p><span style=\"color: #000000;\"><strong>Scheduled property floater: </strong>A scheduled property floater provides a specific amount of coverage for specific items. You might list items such as these:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">One man\'s watch: Rolex Model XYZ – appraised value $18,000</span></li>\n<li><span style=\"color: #000000;\">One woman\'s wedding ring: 2 ct diamond in 18 ct gold band – appraised value $6,000</span></li>\n<li><span style=\"color: #000000;\">One antique 16-gauge shotgun: Remington – appraised value $8,000</span></li>\n</ul>\n<p><span style=\"color: #000000;\">With a scheduled property floater, the policyholder insures by item rather than by category and the insurance company agrees to accept limits based on the appraisals. Although a higher premium is charged, a scheduled property floater will pay the limits on a per-item basis rather than a per-category basis.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Contents Insurance','','inherit','closed','closed','','943-revision-v1','','','2020-11-27 23:42:59','2020-11-27 23:42:59','',943,'http://smartinsurance.tips/943-revision-v1/',0,'revision','',0),(946,1,'2020-11-27 23:41:25','2020-11-27 23:41:25','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Contents Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d5d3cb55-1661-4f0f-96ab-8c78ce973631/contents-insurance-hdr-photo.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Homeowners Insurance\" /></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">According to the FBI, in 2018, property worth more than $16 billion dollars was reported stolen. Many people remain under the misconception that their homeowners policy provides coverage for all the personal belongings in their homes regardless of the type of property. </span></p>\n<p><span style=\"color: #000000;\">That’s not entirely true, though. And every year, many policyholders learn this the hard way when their valuable personal property is damaged or stolen.</span></p>\n<p><span style=\"color: #000000;\">Moreover, many homeowners and renters don’t carry enough personal property insurance, also called contents insurance, on some of their most valuable possessions.</span></p>\n<p><span style=\"color: #000000;\">It is important for homeowners and renters alike to obtain and maintain the correct type and amount of contents insurance to ensure that their valuables will be replaced after a loss.  </span></p>\n<p><span style=\"color: #000000;\">Our independent agent matching tool will find you the best insurance solution in your area. Tell us what you\'re looking for and we\'ll recommend the best agents for you. Any information you provide will only be sent to the agent you pick. </span></p>\n<h3><span style=\"color: #000000;\">The Basics of Personal Property Coverage</span></h3>\n<p><span style=\"color: #000000;\">The personal property insurance section of homeowners and renters policies has two very distinct coverage gaps that every policyholder should understand and address to make certain their property is covered sufficiently:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Valuation:</strong> Your insurance policy has a valuation clause regarding how it determines the value of your personal property at the time of a loss, and there are two methods for doing this. You decide which method should be used when the quote is calculated and the application completed. One method is actual cash value, which is calculated by using the purchase price minus depreciation. The other and more popular method is calculated by establishing replacement cost, or the cost to get the item new, and using that amount for reimbursement. With both methods, the deductible you select on the application is subtracted from claim payments.</span></li>\n<li><span style=\"color: #000000;\"><strong>Sublimits: </strong>Homeowners insurance companies have determined that some categories of personal property are much riskier than others, and as a result, they have established sublimits for payment in those cases:</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Most homeowners and renters policies allow policyholders to increase the limits on some or all of these categories with endorsements and additional premiums. </span></p>\n<p><span style=\"color: #000000;\">Policyholders may also elect to \"schedule\" any items whose value exceeds the sublimits assigned to their category. This is also done with endorsements and paying additional premiums.</span></p>\n<p><span style=\"color: #000000;\">For all of these reasons, it’s important for you to talk to your independent insurance agent about the right contents insurance endorsements for your homeowners policy. </span></p>\n<p><span style=\"color: #000000;\">Finding that you have coverage gaps after a claim can be financially devastating. You can prevent this from happening by asking questions during the quote and application process.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Should Renters Also Get Personal Property Coverage?</span></h3>\n<p><span style=\"color: #000000;\">Your landlord’s insurance will not cover your belongings if the structure in which you’re renting burns to the ground. If your rental is burglarized and your personal property stolen, your landlord’s contents insurance will not cover that either.</span></p>\n<p><span style=\"color: #000000;\">In fact, your landlord’s insurance will only cover losses related to the structure. If you haven’t purchased contents insurance for the apartment, condo, or home you are renting, you will have to pay out of pocket to replace your property.</span></p>\n<p><span style=\"color: #000000;\">The loss of use coverage in a rental policy also has an effect on your personal belongings. If your apartment was unlivable because of a fire, your loss of use coverage would reimburse you for the additional expense of a temporary rental while your apartment or home is under repair. This would include temporary storage expenses for your belongings.</span></p>\n<p><span style=\"color: #000000;\">The bottom line for renters and homeowners is basically the same regarding contents. In order to get the right amount of coverage for your personal belongings, speak with your insurance agent and consider every coverage and whether it provides the appropriate protection specific to your needs.</span></p>\n<p><span style=\"color: #000000;\">The decision on whether to base your personal property coverage on replacement cost or actual cash value is always made at the time of application. If you prefer to have claims resolved in a way that allows you to replace your contents on a new-for-old basis, then replacement cost should be your choice. </span></p>\n<p><span style=\"color: #000000;\">If you are not as concerned about your contents, and only expect the cash value for them at the time of a loss (depreciated value), then you should choose actual cash value coverage and save a little money on your insurance premium.</span></p>\n<p><span style=\"color: #000000;\">If you prefer to have claims resolved in a way that allows you to replace your contents on a new-for-old basis, then replacement cost should be your choice. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Getting the Right Amount of Personal Property Insurance</span></h3>\n<p><span style=\"color: #000000;\">When it comes to your personal property insurance, you decide the amount of coverage you need under your homeowners or renters insurance. </span></p>\n<p><span style=\"color: #000000;\">Many agents have access to software that calculates personal property replacement cost based on national averages that take into consideration the rooms in your home or apartment, but do not consider things like expensive jewelry, furs, firearms, or artwork. </span></p>\n<p><span style=\"color: #000000;\">If you do not keep any of these valuable items in your home or apartment, then the national average amount will probably suffice or be somewhat higher than your actual needs. If you have valuable items that are subject to sublimits in your policy, then you will need to discuss additional coverages with your agent.</span></p>\n<p><span style=\"color: #000000;\">Your responsibility as the applicant is to provide your agent with the value of the items you own (appraisals may be required) and to make certain they are insured appropriately by scheduling the property on your policy or purchasing a personal articles floater. </span></p>\n<p><span style=\"color: #000000;\">Your agent will help you decide which type of endorsement best meets your needs and the associated premium that will be charged for the additional contents insurance coverage. </span></p>\n<p><span style=\"color: #000000;\">It is important to note that this property is insured at \"stated value\" rather than replacement cost, and the deductible that applies is typically lower than your policy\'s regular deductible.</span></p>\n<p><span style=\"color: #000000;\"><strong>Named-risk coverage vs. all-risk coverage: </strong>Depending on the type of policy being considered, your personal property will be insured for named perils (named-risk) or all perils (all-risk). A typical homeowners policy is written on a special policy form, called an HO-3 form, which provides contents insurance coverage on a named-risk basis. </span></p>\n<p><span style=\"color: #000000;\">This means that 16 perils are covered. Many agents offer an HO-8 form, which is typically designed for newer homes that are protected by alarm systems and located in gated communities. This type of policy insures your contents on an all-risk basis. </span></p>\n<p><span style=\"color: #000000;\">This means that your property is covered for every peril unless it is excluded in the policy. The exclusions are usually applied because another type of policy, such as flood or earthquake, provides coverage for the excluded peril.</span></p>\n<p><span style=\"color: #000000;\"><strong>Unscheduled property floater:</strong> An unscheduled property floater is a way to provide additional insurance on categories of personal contents on a broad basis. </span></p>\n<p><span style=\"color: #000000;\">Instead of separately listing each firearm in a collection and the amount of insurance required, the policy provides coverage for the firearm category and assigns a limit the company is willing to accept. The additional premium for this type of floater is typically much lower than a scheduled property floater.</span></p>\n<p><span style=\"color: #000000;\"><strong>Scheduled property floater: </strong>A scheduled property floater provides a specific amount of coverage for specific items. You might list items such as these:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">One man\'s watch: Rolex Model XYZ – appraised value $18,000</span></li>\n<li><span style=\"color: #000000;\">One woman\'s wedding ring: 2 ct diamond in 18 ct gold band – appraised value $6,000</span></li>\n<li><span style=\"color: #000000;\">One antique 16-gauge shotgun: Remington – appraised value $8,000</span></li>\n</ul>\n<p><span style=\"color: #000000;\">With a scheduled property floater, the policyholder insures by item rather than by category and the insurance company agrees to accept limits based on the appraisals. Although a higher premium is charged, a scheduled property floater will pay the limits on a per-item basis rather than a per-category basis.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Contents Insurance','','inherit','closed','closed','','943-revision-v1','','','2020-11-27 23:41:25','2020-11-27 23:41:25','',943,'http://smartinsurance.tips/943-revision-v1/',0,'revision','',0),(959,1,'2020-11-27 23:54:53','2020-11-27 23:54:53','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><strong>Computer Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/092cc117-33fe-4643-b8d2-cc91cbea983b/what-is-a-single-life-annuity-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"senior woman using a laptop at home\" /></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Computers are part of our daily lives, and most of us depend on at least one home computer. When a computer hasn’t been out of the box for long and something causes it to crash completely, what recourse do you have? What happens when you check the fine print on your computer warranty and find that the loss of data is not covered?</span></p>\n<p><span style=\"color: #000000;\">Unlike manufacturer\'s warranties, computer insurance provides coverage for loss or damage of data, in addition to theft, loss, vandalism, and accidental damage.</span></p>\n<p><span style=\"color: #000000;\">Computers and laptops are often among our most expensive personal possessions. In addition to the initial purchase cost of a computer, you typically spend a significant amount on purchasing software, peripherals, and downloads. </span></p>\n<p><span style=\"color: #000000;\">Additionally, the data you store on your computer can be invaluable, and the cost associated with loss of data can be difficult to estimate.</span></p>\n<p><span style=\"color: #000000;\">Accidental damage can leave a computer unfit for use. A coffee spill or water leak in your home can cause significant damage to your machine. </span></p>\n<p><span style=\"color: #000000;\">Fire, lightning, and severe weather can also put your home computers, laptops, and stored data in jeopardy. A short circuit or high-voltage current can result in a fire or irrecoverable damage. </span></p>\n<p><span style=\"color: #000000;\">Finally, one of the greatest concerns for computer and laptop owners is the risk of theft.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Does My Manufacturer\'s Warranty Cover?</span></h3>\n<p><span style=\"color: #000000;\">Most laptop or computer warranties provide spare parts or cover the labor costs for repairs. However, these warranties only come into play if the laptop has hardware issues due to manufacturing defects. </span></p>\n<p><span style=\"color: #000000;\">Therefore, your computer’s warranty will cover problems with the internal components of a computer, but not your keyboard, monitor, peripherals, or software.</span></p>\n<p><span style=\"color: #000000;\">Warranties do not apply to hardware damage or defects arising from rough use. Some warranties become null and void if the user opens the computer and breaks a seal. The standard period for a warranty is usually one year.</span></p>\n<p><span style=\"color: #000000;\">Warranties do not apply to loss of data, malfunctioning of the system arising from its use, and other risks like theft or accidental damage. </span></p>\n<p><span style=\"color: #000000;\">These warranties do not cover software issues either, regardless of whether they came with the system or you installed them later. Manufacturers may provide the following types of warranties:</span></p>\n<p><span style=\"color: #000000;\"><strong>International coverage</strong>: Providing a limited coverage, this warranty can be useful for people who often travel.</span></p>\n<p><span style=\"color: #000000;\"><strong>Extended coverage</strong>: This warranty extends the manufacturer\'s warranty coverage for your computer or laptop. The duration of this warranty is between one and three years. Some versions also cover power surges, breakages, and liquid spills.</span></p>\n<p><span style=\"color: #000000;\">When you buy a computer, it can be worthwhile to check the manufacturer\'s warranty to determine:</span></p>\n<ol>\n<li><span style=\"color: #000000;\">How to return a damaged laptop</span></li>\n<li><span style=\"color: #000000;\">The availability of telephone or email support</span></li>\n<li><span style=\"color: #000000;\">The process of completing repairs</span></li>\n<li><span style=\"color: #000000;\">Whether repair parts will be new, used, or refurbished</span></li>\n</ol>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does My Homeowners Policy Cover My Computer?</span></h3>\n<p><span style=\"color: #000000;\">A homeowners policy typically will provide some coverage for your computer or laptop. The amount of compensation you receive after a loss will depend on whether you have specifically listed your computer on your policy, the amount of personal property insurance you buy, your deductibles, and other factors.</span></p>\n<p><span style=\"color: #000000;\">Another thing to consider is whether you carry actual cash value coverage or replacement value coverage. Actual cash value coverage will compensate you for the depreciated value of the computer, not the cost of a replacement.</span></p>\n<p><span style=\"color: #000000;\">Your homeowners policy may cover loss or damage to your computer if it is caused by a covered risk, such as lightning or a resulting power surge. </span></p>\n<p><span style=\"color: #000000;\">However, the policy will most likely have some coverage limits applicable to expensive electronics like computers. It is important to note that your homeowners policy will not cover any computer malfunctioning.</span></p>\n<p><span style=\"color: #000000;\">If one of your dependents is away at college and has a home computer on campus, your homeowners policy will typically cover that computer. Most policies offer the same limits that apply in your home, but they do limit the coverage to a percentage of the total loss. </span></p>\n<p><span style=\"color: #000000; font-size: 22px;\"></span></p>\n<p><span style=\"color: #000000; font-size: 22px;\">How Can Having Computer or Laptop Insurance Benefit Me?</span></p>\n<p><span style=\"color: #000000;\">While homeowners or renters insurance may cover damage to your computer up to a limit, having computer insurance has its own benefits. Most policies provide laptop theft insurance or computer theft insurance. However, with computers becoming increasingly mobile and portable, laptop insurance is a good idea today.</span></p>\n<p><span style=\"color: #000000;\">Although most computer insurance policies provide coverage for a variety of risks, data insurance is not one of them. Determining the value of data is not easy and data recovery is not always possible. </span></p>\n<p><span style=\"color: #000000;\">Some insurers do offer coverage for loss of data, but make sure you know under what circumstances, and how data is covered before you purchase a policy.</span></p>\n<p><span style=\"color: #000000;\">Other risks that even specialized computer insurance policies do not cover include:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Corrosion or rust</span></li>\n<li><span style=\"color: #000000;\">Damage arising from environmental causes such as dust, heat, or humidity</span></li>\n<li><span style=\"color: #000000;\">Illegal acts</span></li>\n<li><span style=\"color: #000000;\">War</span></li>\n<li><span style=\"color: #000000;\">Pest and rodent damage</span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Finding the Right Computer Insurance for Your Needs</span></h3>\n<p><span style=\"color: #000000;\">One option you need to consider is whether you want basic coverage or extended coverage. Ask yourself these questions to get a better idea of what you need:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">How do you use your computer or laptop — for personal use or for business purposes?</span></li>\n<li><span style=\"color: #000000;\">How much did you pay for your computer?</span></li>\n<li><span style=\"color: #000000;\">How often do you use it?</span></li>\n<li><span style=\"color: #000000;\">How often do you travel with your laptop or computer?</span></li>\n</ul>\n<p><span style=\"color: #000000;\">If you travel frequently with your computer or laptop and it is an expensive model, buying extended coverage can be beneficial. Your agent can give you a computer insurance quote that takes into account:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">The cost of insuring your laptop if it gets lost</span></li>\n<li><span style=\"color: #000000;\">The likelihood of damage due to an insured risk</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Thus, if you experience a loss, the insurer will either pay an amount equal to the value of the computer, or compensate you for the market value if the damage cannot be repaired.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/computer/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Computer Insurance','','publish','closed','closed','','computer-insurance','','','2020-11-28 00:02:21','2020-11-28 00:02:21','',0,'http://smartinsurance.tips/?page_id=959',0,'page','',0),(960,1,'2020-11-27 23:54:53','2020-11-27 23:54:53','<!-- wp:divi/placeholder /-->','Computer Insurance','','inherit','closed','closed','','959-revision-v1','','','2020-11-27 23:54:53','2020-11-27 23:54:53','',959,'http://smartinsurance.tips/959-revision-v1/',0,'revision','',0),(1243,1,'2021-03-22 19:13:45','2021-03-22 19:13:45','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\" hover_enabled=\"0\"][et_pb_row _builder_version=\"4.0.9\" custom_margin=\"|auto|-4px|auto||\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"articleHeader__title--1OFB2\" itemprop=\"headline\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>7 Habits to Help You Stay On Top of Your Finances</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\" hover_enabled=\"0\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/03/Capture.jpg\" width=\"494\" height=\"397\" alt=\"\" class=\"wp-image-1242 aligncenter size-full\" /></span></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p>&nbsp;</p>\n<p><span style=\"color: #000000;\"> </span></p>\n<p><span style=\"color: #000000;\">If you struggle with staying on top of your finances and managing your debts, you are not alone. Whether you need to dig yourself out of extreme debt or you simply want to become more financially responsible, you should consider implementing these seven tips to help you stay on top of your finances.</span></p>\n<h2><span style=\"color: #000000;\">Automate Your Savings</span></h2>\n<p><span style=\"color: #000000;\">Saving money is one of the most difficult challenges people face. When that direct deposit reaches your checking account, it can be tempting to spend more than you should.</span></p>\n<p><span style=\"color: #000000;\">For this reason, you should set up automatic monthly transfers to your savings account. Consider how a percentage of your paycheck is automatically deducted for taxes. You don’t miss this money because you never saw or touched it. Automating your savings has the same effect—you will be far less tempted to spend money that never shows up in your checking account.</span></p>\n<p><span style=\"color: #000000;\">Some financial apps, like Chime, make this even easier by allowing you to automatically transfer a percentage of each deposit directly to your savings account.</span></p>\n<h2><span style=\"color: #000000;\">Create an Emergency Fund</span></h2>\n<p><span style=\"color: #000000;\">Life can be full of surprises—some worse than others. If your home is damaged by something not covered by your insurance, you get into a car accident, you have an unexpected medical emergency or any number of other incidents, you could end up in serious financial trouble.</span></p>\n<p><span style=\"color: #000000;\">As a result, it’s never a bad idea to set up an emergency fund to help cover unexpected expenses. A good rule of thumb is to try to save up at least three months’ worth of living expenses. Once this money has been set aside, be sure not to touch it for anything other than an emergency, no matter how tempting it might be.</span></p>\n<h2><span style=\"color: #000000;\">Stick to a Realistic Budget</span></h2>\n<p><span style=\"color: #000000;\">The most important aspect of developing healthy financial habits is to create and stick to a realistic budget.</span></p>\n<p><span style=\"color: #000000;\">You should be sure to:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Calculate your income</span></li>\n<li><span style=\"color: #000000;\">Quantify your necessary expenses</span></li>\n<li><span style=\"color: #000000;\">Make a plan for your leftover money</span></li>\n<li><span style=\"color: #000000;\">Cut out unnecessary spending</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Consider using apps like Mint or PocketGuard to help create a reasonable budget.</span></p>\n<h2><span style=\"color: #000000;\">Cut Out Unnecessary Expenses</span></h2>\n<p><span style=\"color: #000000;\">Nearly everyone can trim their monthly expenses by identifying and cutting out unnecessary expenses. Especially if you are using credit cards or personal loan companies, like Affirm, to pay for things you can’t afford, you should take a look at those expenses and cut them out. This could include a variety of spending categories, such as:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Streaming services that you do not use regularly (i.e., Netflix, Hulu, HBO, etc.)</span></li>\n<li><span style=\"color: #000000;\">Eating out</span></li>\n<li><span style=\"color: #000000;\">Overspending on groceries and clothes</span></li>\n<li><span style=\"color: #000000;\">Gym memberships</span></li>\n</ul>\n<p><span style=\"color: #000000;\">These expenses, among others, can add up to well over $100 per month that would be better off being put toward your debts.</span></p>\n<h2><span style=\"color: #000000;\">Invest in a Retirement Fund</span></h2>\n<p><span style=\"color: #000000;\">Investing in a retirement fund is one of the best things you can do while you’re still working. This is another habit that many young professionals avoid, as they would rather hang onto their money. However, you will surely be glad you decided to invest in yourself once you grow older.</span></p>\n<p><span style=\"color: #000000;\">There are several retirement plans to choose from, so be sure to do your research and find which one best suits your needs. Additionally, you should talk to your employer about retirement options, as many companies offer 401(k) matching.</span></p>\n<h2><span style=\"color: #000000;\">Pay Off Credit Cards Every Month</span></h2>\n<p><span style=\"color: #000000;\">Credit cards should be used with the intention of paying off the balance before interest accrues. However, many Americans will leave a balance on their credit cards for several months to several years. What makes this worse is that credit card companies typically charge very high interest rates.</span></p>\n<p><span style=\"color: #000000;\">Credit cards do not need to be avoided altogether, though, as many of them offer incredible benefits such as cash rewards and airline miles. However, one of the most basic principles of financial responsibility is to pay off your credit card balance in full every month.</span></p>\n<h2><span style=\"color: #000000;\">Make a Plan to Pay Off Your Debt</span></h2>\n<p><span style=\"color: #000000;\">A good rule is to treat your credit cards the same way as a debit card. Only spend money that is currently available to you unless it is an absolute emergency.</span></p>\n<p><span style=\"color: #000000;\">Once you have established good financial habits to help you avoid accumulating additional debt, you should create a plan to pay off your existing debts.</span></p>\n<p><span style=\"color: #000000;\">One common method is the snowball method. The snowball method suggests that you should pay off your smallest debts first before moving on to larger ones. This tends to motivate you to continue paying off your debts as you feel satisfaction from getting rid of your smaller balances.</span></p>\n<p><span style=\"color: #000000;\">Another option is to target your high-interest debts. This can help you save the most money in the long-run and is ideal for individuals who don’t need the additional motivation provided by the snowball method. Others use a debt consolidation loan to lower their interest rate and pay less on the debt over time.</span></p>\n<p><span style=\"color: #000000;\">Whichever method you choose, be sure that you can stick to it for the longterm.</span></p>\n<p><span style=\"color: #000000;\">Managing your finances can be quite difficult and stressful. These seven financial literacy tips are great options to help you trim your debts and stay on top of your finances.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://thriveglobal.com/stories/7-habits-to-help-you-stay-on-top-of-your-finances/?stat=524733&amp;socialnet=linkedin&amp;lnkey=9913166\">click here</a>.</span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','7 Habits to Help You Stay On Top of Your Finances','','inherit','closed','closed','','1239-revision-v1','','','2021-03-22 19:13:45','2021-03-22 19:13:45','',1239,'http://smartinsurance.tips/1239-revision-v1/',0,'revision','',0),(971,1,'2020-11-28 00:07:52','2020-11-28 00:07:52','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Why 52,000 Bicyclists Need Insurance</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/00a06696-bba3-4b0d-b257-58364a68a1c9/motorized-bike-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Motorized Bike Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Many people use bicycles as their preferred means of transport. Some ride bikes for health and fitness; others want to avoid paying high gas prices. </span></p>\n<p><span style=\"color: #000000;\">Still others ride bikes out of concern for the environment. If you regularly ride, chances are you’ve put a considerable amount of money into your wheels. How do you protect that investment?</span></p>\n<p><span style=\"color: #000000;\">More people are asking that very question today, and several companies are offering bicycle insurance that mirrors the protection of auto insurance. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Safety Facts for Bikers</span></h3>\n<p><span style=\"color: #000000;\">As a biker, you need to be safe on the road. Here are some statistics about bikers and safety on US streets:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">In 2018, 857 bicyclists were killed in motor vehicle traffic crashes.</span></li>\n<li><span style=\"color: #000000;\">This accounted for 2% of all motor vehicle traffic fatalities.</span></li>\n<li><span style=\"color: #000000;\">An additional 45,000 riders were injured in motor vehicle traffic crashes.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">There are certain risks you face when you share the road with automobiles. Consider your risks as you start to think about purchasing an insurance policy for your bike.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Provide Bicycle Coverage?</span></h3>\n<p><span style=\"color: #000000;\">If you own a home, your homeowners policy provides some bicycle insurance in the form of personal property coverage. A renters insurance policy will do the same. </span></p>\n<p><span style=\"color: #000000;\">Be sure to contact your agent to discuss whether it makes sense for you to add your bicycle as a line item on your homeowners insurance policy, and whether you need an additional rider, or a separate insurance floater, to provide the protection you need.</span></p>\n<p><span style=\"color: #000000;\">Your homeowners policy will cover damage to your bike to some extent, but your bike’s replacement value may be much higher than the amount of coverage provided in a standard policy. </span></p>\n<p><span style=\"color: #000000;\">In a catastrophic incident, such as a home fire, your losses in terms of personal belongings can quickly exceed the limit of your policy.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">When  to Look for Bicycle Insurance</span></h3>\n<p><span style=\"color: #000000;\">Purchasing a bicycle insurance policy may make sense for you under the following circumstances:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">You paid a large chunk of change for your bike. While the average bike costs a few hundred dollars, some enthusiasts don\'t think twice about spending $5,000 to $10,000 for top-of-the line bikes. If you have a very expensive model, you may want to seriously consider buying comprehensive bicycle insurance.</span></li>\n<li><span style=\"color: #000000;\">You regularly ride off-road and want mountain bike insurance to cover you and your bike for damage and medical costs.</span></li>\n<li><span style=\"color: #000000;\">You do stunt riding or participate in BMX competitions, and you want bike insurance to cover potential injuries or damage.</span></li>\n<li><span style=\"color: #000000;\">You want bike insurance for a specialty bike that you had designed, upgraded or modified. If you have a one-of-a-kind bike, you may want to get it appraised by a bicycle expert who can put the estimated value in writing.</span></li>\n<li><span style=\"color: #000000;\">You don\'t have a homeowners policy or renters insurance that could potentially cover your bike against loss, damage or theft.</span></li>\n<li><span style=\"color: #000000;\">You don\'t have health insurance to cover your injuries or hospitalization expenses if you are severely injured in a bike crash.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Some people want coverage year-round, while others are only interested in 6-month bike insurance, because they only ride during the warmer months. </span></p>\n<p><span style=\"color: #000000;\">However, be sure to evaluate the possibility of your bicycle being damaged or stolen while in storage before determining that you only need coverage for a portion of the year.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Considerations When Looking for Bike Insurance Quotes</span></h3>\n<p><span style=\"color: #000000;\">The following are some of the factors to consider when searching for bike insurance quotes.</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Value</strong>: The value of the bike is the main determinant when calculating how much coverage you need. In addition to purchase price, be sure to include the value of any additional equipment or features you’ve added on, including tools, speedometers and panniers. Be sure to keep all receipts so you have the proper documentation, if it is ever needed for a claim.</span></li>\n<li><span style=\"color: #000000;\"><strong>Type of bike</strong>: The type of bike also affects the amount of coverage needed and the price of the quote. This factor, as well as how you use the bike, will determine your risks. A stunt bike is considered a bigger risk than a regular bike, and will cost more to insure.</span></li>\n<li><span style=\"color: #000000;\"><strong>Your use of the bike</strong>: Be sure to tell your agent how and where you ride. A bike used for commuting to work won\'t cost as much to insure as a bike used on mountain trails. Furthermore, if you use your bike daily, you might want to seek higher coverage than if you only use it occasionally.</span></li>\n<li><span style=\"color: #000000;\"><strong>Depreciation</strong>: The value of any asset depreciates over time. Even if you’ve only just taken your brand-new, $11,000 SL4 Di2 out on the road, its value has already diminished. Normally, insurers pay actual cash value (the cost of a new bicycle minus the depreciation), so it might be worthwhile considering replacement cost coverage for a high-end bike. If you have coverage for the replacement value, you will be able to replace your bicycle with a bike of similar quality after a loss.</span></li>\n<li><span style=\"color: #000000;\"><strong>Limits and deductibles</strong>: With nearly all insurance plans, paying higher deductibles lowers your premium. However, a high deductible increases your out-of-pocket costs in the event of a loss. Choosing a higher limit means a higher premium, but better coverage if your bicycle is stolen or destroyed.</span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">How Much Is Bicycle Insurance and How Do You Get It?</span></h3>\n<p><span style=\"color: #000000;\">There are many factors that will affect your bike insurance costs. As a general rule, you can expect to pay $250 to $300 per year.</span></p>\n<p><span style=\"color: #000000;\">There are a few different ways to get the coverage you need for yourself, your bicycle and the cyclists in your family:</span></p>\n<ol>\n<li><span style=\"color: #000000;\">Add bicycle coverage to your homeowners or renters policy with a separate rider or endorsement that will cover the loss of your bike at replacement cost value.</span></li>\n<li><span style=\"color: #000000;\">Get a separate insurance floater specifically to insure your high-end bicycle.</span></li>\n</ol>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/bikes/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Why 52,000 Bicyclists Need Insurance','','publish','closed','closed','','why-52000-bicyclists-need-insurance','','','2020-12-05 00:22:12','2020-12-05 00:22:12','',0,'http://smartinsurance.tips/?page_id=971',0,'page','',0),(972,1,'2020-11-28 00:07:52','2020-11-28 00:07:52','<!-- wp:divi/placeholder /-->','Why 52,000 Bicyclists Need Insurance','','inherit','closed','closed','','971-revision-v1','','','2020-11-28 00:07:52','2020-11-28 00:07:52','',971,'http://smartinsurance.tips/971-revision-v1/',0,'revision','',0),(976,1,'2020-11-28 00:15:44','2020-11-28 00:15:44','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>When You Lose Your Cell Phone, What\'s Your Plan?</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/97237a68-d183-4206-acc5-a9f81d363f67/cell-phone-store-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Cell Phone Store Insurance\" /><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Cell phones have come a long way from being mere calling devices. Today, the wide range of applications for a mobile phone include everything from helping you to navigate around the city to providing appointment reminders and keeping tabs on your teen. If you are like most people, your phone is your constant companion.</span></p>\n<p><span style=\"color: #000000;\">Losing or breaking your phone can really set you back. And having it stolen is even worse. For this reason, cell phone insurance may be a good idea. With this coverage in place, you can get a replacement phone quickly, whatever the cause of the loss. </span></p>\n<h3><span style=\"color: #000000;\">Cell Phone Loss Statistics</span></h3>\n<p><span style=\"color: #000000;\">Many of us have lost or destroyed a cell phone before. Here are some statistics about nationwide incidents of cell phone loss:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">About 60 million mobile phones are lost or damaged each year.</span></li>\n<li><span style=\"color: #000000;\">Philadelphia, Seattle, Oakland, Long Beach and Newark report the highest instances of cell phone loss.</span></li>\n<li><span style=\"color: #000000;\">People in San Francisco and New York lose their phones three times as often as people in Chicago.</span></li>\n<li><span style=\"color: #000000;\">In 2011, the cumulative value of lost cell phones in America amounted to about $30 billion.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">The loss of your cell is both inconvenient and expensive. If your phone will cost a small fortune to replace, you may want to consider cell phone insurance to protect you from loss, damage or theft.</span></p>\n<h3><span style=\"color: #000000;\">When Bad Things Happen to Good Cell Phones</span></h3>\n<p><span style=\"color: #000000;\">Most cell phones come with warranties from the manufacturer covering all damage from defects or mechanical failure. Manufacturer warranties usually cover defects for one year. </span></p>\n<p><span style=\"color: #000000;\">However, a manufacturer’s warranty will not cover a replacement phone if you drop the phone and smash it, if you spill your coffee on it, or if your phone is stolen or lost.</span></p>\n<p><span style=\"color: #000000;\">Cell phone insurance reimburses you for accidental damage or theft not covered under the warranty. With mobile phone insurance in place, you can typically get a similar replacement for your damaged or destroyed phone.</span></p>\n<p><span style=\"color: #000000;\">The deductibles for cell phone insurance are usually around $50-$150. This may seem excessive for a cheaper phone, but when it comes to a a high-end smartphone that costs $500 or more, the deductible is much more affordable to pay for than buying a new phone.</span></p>\n<h3><span style=\"color: #000000;\">The Manufacturer’s Warranty Is Not Mobile Phone Insurance</span></h3>\n<p><span style=\"color: #000000;\">Unlike cell phone insurance, the manufacturer’s warranty usually lasts for one year and covers manufacturing defects or mechanical issues. As long as you have taken all possible precautions and used the phone properly, you can get a replacement for a malfunctioning phone with your manufacturer’s warranty.</span></p>\n<p><span style=\"color: #000000;\">However, cell phones can be stolen, lost or damaged by accident – which isn’t covered by a manufacturer’s warranty. Mobile phone insurance policies fill in where your warranty ends. If you have a high-end model, coverage for loss and damage especially makes sense.</span></p>\n<h3><span style=\"color: #000000;\">Does Your Homeowners Policy Include Cell Phone Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Insurance for mobile phones – when it is included in your homeowners policy – is probably not enough to replace your phone. A typical HO-3 homeowners policy insures all direct physical losses of all personal property listed in Coverage C of the policy document. The only condition is that a covered peril needs to be the cause for the loss.</span></p>\n<p><span style=\"color: #000000;\">Therefore, if you listed your mobile phone in Coverage C and insured it against theft, you would receive coverage for the theft of the mobile phone. </span></p>\n<p><span style=\"color: #000000;\">If your theft coverage pays for the depreciated value of the phone, you will still pay a considerable amount to buy a brand-new one. You also need to pay a deductible before your coverage kicks in.</span></p>\n<p><span style=\"color: #000000;\">Homeowners seldom conduct a complete assessment of their personal belongings before opting for full replacement value coverage in their homeowners policies. Make sure you understand what personal belongings are covered, and for what amounts. </span></p>\n<p><span style=\"color: #000000;\">Adding your cell phone as a line item to your homeowners policy, or getting a separate rider, will ensure that you’re covered when something dire happens to your phone.</span></p>\n<h3><span style=\"color: #000000;\">What to Look for in Cell Phone Insurance</span></h3>\n<p><span style=\"color: #000000;\">Insurance for mobile phones makes sense under certain circumstances, but you want to be sure you are getting the benefit and value you need. Here are some questions to ask:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">What is the coverage and scope of the cellular phone insurance? Does the policy cover accidental damage, phone theft and loss?</span></li>\n<li><span style=\"color: #000000;\">What does the coverage cost? Multiply your monthly premiums by the length of the policy and then add the deductible. For example, if you pay $10 a month for 3 years, then $10x36 = $360 + deductible of $50 = $410. If the price of a new cell phone is less than the amount you would be paying, you may decide that buying a new phone would be a more cost-effective option.</span></li>\n<li><span style=\"color: #000000;\">How will the cell phone will be replaced in the event of a loss? Will you get a similar model or a better one? Will the replacement be a new phone or a refurbished one?</span></li>\n</ul>\n<h3><span style=\"color: #000000;\">Considerations When Evaluating Cell Phone Insurance</span></h3>\n<p><span style=\"color: #000000;\">Only you know whether cell phone insurance makes the most sense for you. When deciding whether to buy coverage, consider the value of the cell phone and your usage. </span></p>\n<p><span style=\"color: #000000;\">If you are a person who uses your phone for everything from staying in touch with your kids to managing your email, consider whether you can afford to be without it. Are you a very careful person, or do you tend to drop your phone?</span></p>\n<p><span style=\"color: #000000;\">Be sure to evaluate the cell phone coverage carefully and ask such questions as:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">What will it cost to replace your phone out of pocket?</span></li>\n<li><span style=\"color: #000000;\">If you are considering insurance, how much is the deductible?</span></li>\n<li><span style=\"color: #000000;\">Will the insurance cover the cost of calls a thief made after stealing your phone?</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Your insurance coverage should fit your needs and give you peace of mind. When you research your options, take the time to get a few quotes before you buy, so you can feel confident that your coverage has a high value and can protect your investment adequately.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/cell-phone/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','When You Lose Your Cell Phone, What\'s Your Plan?','','publish','closed','closed','','when-you-lose-your-cell-phone-whats-your-plan','','','2020-12-05 00:09:23','2020-12-05 00:09:23','',0,'http://smartinsurance.tips/?page_id=976',0,'page','',0),(1234,1,'2021-03-22 18:48:12','2021-03-22 18:48:12','<!-- wp:divi/placeholder /-->','Best Banks of 2021','','inherit','closed','closed','','1232-revision-v1','','','2021-03-22 18:48:12','2021-03-22 18:48:12','',1232,'http://smartinsurance.tips/1232-revision-v1/',0,'revision','',0),(966,1,'2020-11-28 00:01:56','2020-11-28 00:01:56','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><strong>Computer Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/092cc117-33fe-4643-b8d2-cc91cbea983b/what-is-a-single-life-annuity-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"senior woman using a laptop at home\" /></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Computers are part of our daily lives, and most of us depend on at least one home computer. When a computer hasn’t been out of the box for long and something causes it to crash completely, what recourse do you have? What happens when you check the fine print on your computer warranty and find that the loss of data is not covered?</span></p>\n<p><span style=\"color: #000000;\">Unlike manufacturer\'s warranties, computer insurance provides coverage for loss or damage of data, in addition to theft, loss, vandalism, and accidental damage.</span></p>\n<p><span style=\"color: #000000;\">Computers and laptops are often among our most expensive personal possessions. In addition to the initial purchase cost of a computer, you typically spend a significant amount on purchasing software, peripherals, and downloads. </span></p>\n<p><span style=\"color: #000000;\">Additionally, the data you store on your computer can be invaluable, and the cost associated with loss of data can be difficult to estimate.</span></p>\n<p><span style=\"color: #000000;\">Accidental damage can leave a computer unfit for use. A coffee spill or water leak in your home can cause significant damage to your machine. </span></p>\n<p><span style=\"color: #000000;\">Fire, lightning, and severe weather can also put your home computers, laptops, and stored data in jeopardy. A short circuit or high-voltage current can result in a fire or irrecoverable damage. </span></p>\n<p><span style=\"color: #000000;\">Finally, one of the greatest concerns for computer and laptop owners is the risk of theft.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Does My Manufacturer\'s Warranty Cover?</span></h3>\n<p><span style=\"color: #000000;\">Most laptop or computer warranties provide spare parts or cover the labor costs for repairs. However, these warranties only come into play if the laptop has hardware issues due to manufacturing defects. </span></p>\n<p><span style=\"color: #000000;\">Therefore, your computer’s warranty will cover problems with the internal components of a computer, but not your keyboard, monitor, peripherals, or software.</span></p>\n<p><span style=\"color: #000000;\">Warranties do not apply to hardware damage or defects arising from rough use. Some warranties become null and void if the user opens the computer and breaks a seal. The standard period for a warranty is usually one year.</span></p>\n<p><span style=\"color: #000000;\">Warranties do not apply to loss of data, malfunctioning of the system arising from its use, and other risks like theft or accidental damage. </span></p>\n<p><span style=\"color: #000000;\">These warranties do not cover software issues either, regardless of whether they came with the system or you installed them later. Manufacturers may provide the following types of warranties:</span></p>\n<p><span style=\"color: #000000;\"><strong>International coverage</strong>: Providing a limited coverage, this warranty can be useful for people who often travel.</span></p>\n<p><span style=\"color: #000000;\"><strong>Extended coverage</strong>: This warranty extends the manufacturer\'s warranty coverage for your computer or laptop. The duration of this warranty is between one and three years. Some versions also cover power surges, breakages, and liquid spills.</span></p>\n<p><span style=\"color: #000000;\">When you buy a computer, it can be worthwhile to check the manufacturer\'s warranty to determine:</span></p>\n<ol>\n<li><span style=\"color: #000000;\">How to return a damaged laptop</span></li>\n<li><span style=\"color: #000000;\">The availability of telephone or email support</span></li>\n<li><span style=\"color: #000000;\">The process of completing repairs</span></li>\n<li><span style=\"color: #000000;\">Whether repair parts will be new, used, or refurbished</span></li>\n</ol>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does My Homeowners Policy Cover My Computer?</span></h3>\n<p><span style=\"color: #000000;\">A homeowners policy typically will provide some coverage for your computer or laptop. The amount of compensation you receive after a loss will depend on whether you have specifically listed your computer on your policy, the amount of personal property insurance you buy, your deductibles, and other factors.</span></p>\n<p><span style=\"color: #000000;\">Another thing to consider is whether you carry actual cash value coverage or replacement value coverage. Actual cash value coverage will compensate you for the depreciated value of the computer, not the cost of a replacement.</span></p>\n<p><span style=\"color: #000000;\">Your homeowners policy may cover loss or damage to your computer if it is caused by a covered risk, such as lightning or a resulting power surge. </span></p>\n<p><span style=\"color: #000000;\">However, the policy will most likely have some coverage limits applicable to expensive electronics like computers. It is important to note that your homeowners policy will not cover any computer malfunctioning.</span></p>\n<p><span style=\"color: #000000;\">If one of your dependents is away at college and has a home computer on campus, your homeowners policy will typically cover that computer. Most policies offer the same limits that apply in your home, but they do limit the coverage to a percentage of the total loss. </span></p>\n<p><span style=\"color: #000000; font-size: 22px;\"></span></p>\n<p><span style=\"color: #000000; font-size: 22px;\">How Can Having Computer or Laptop Insurance Benefit Me?</span></p>\n<p><span style=\"color: #000000;\">While homeowners or renters insurance may cover damage to your computer up to a limit, having computer insurance has its own benefits. Most policies provide laptop theft insurance or computer theft insurance. However, with computers becoming increasingly mobile and portable, laptop insurance is a good idea today.</span></p>\n<p><span style=\"color: #000000;\">Although most computer insurance policies provide coverage for a variety of risks, data insurance is not one of them. Determining the value of data is not easy and data recovery is not always possible. </span></p>\n<p><span style=\"color: #000000;\">Some insurers do offer coverage for loss of data, but make sure you know under what circumstances, and how data is covered before you purchase a policy.</span></p>\n<p><span style=\"color: #000000;\">Other risks that even specialized computer insurance policies do not cover include:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Corrosion or rust</span></li>\n<li><span style=\"color: #000000;\">Damage arising from environmental causes such as dust, heat, or humidity</span></li>\n<li><span style=\"color: #000000;\">Illegal acts</span></li>\n<li><span style=\"color: #000000;\">War</span></li>\n<li><span style=\"color: #000000;\">Pest and rodent damage</span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Finding the Right Computer Insurance for Your Needs</span></h3>\n<p><span style=\"color: #000000;\">One option you need to consider is whether you want basic coverage or extended coverage. Ask yourself these questions to get a better idea of what you need:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">How do you use your computer or laptop — for personal use or for business purposes?</span></li>\n<li><span style=\"color: #000000;\">How much did you pay for your computer?</span></li>\n<li><span style=\"color: #000000;\">How often do you use it?</span></li>\n<li><span style=\"color: #000000;\">How often do you travel with your laptop or computer?</span></li>\n</ul>\n<p><span style=\"color: #000000;\">If you travel frequently with your computer or laptop and it is an expensive model, buying extended coverage can be beneficial. Your agent can give you a computer insurance quote that takes into account:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">The cost of insuring your laptop if it gets lost</span></li>\n<li><span style=\"color: #000000;\">The likelihood of damage due to an insured risk</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Thus, if you experience a loss, the insurer will either pay an amount equal to the value of the computer, or compensate you for the market value if the damage cannot be repaired.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/computer/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Computer Insurance','','inherit','closed','closed','','959-revision-v1','','','2020-11-28 00:01:56','2020-11-28 00:01:56','',959,'http://smartinsurance.tips/959-revision-v1/',0,'revision','',0),(964,1,'2020-11-28 00:01:25','2020-11-28 00:01:25','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"post-title entry-title\" style=\"text-align: center;\"><strong>Computer Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/092cc117-33fe-4643-b8d2-cc91cbea983b/what-is-a-single-life-annuity-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"senior woman using a laptop at home\" /></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Computers are part of our daily lives, and most of us depend on at least one home computer. When a computer hasn’t been out of the box for long and something causes it to crash completely, what recourse do you have? What happens when you check the fine print on your computer warranty and find that the loss of data is not covered?</span></p>\n<p><span style=\"color: #000000;\">Unlike manufacturer\'s warranties, computer insurance provides coverage for loss or damage of data, in addition to theft, loss, vandalism, and accidental damage.</span></p>\n<p><span style=\"color: #000000;\">Computers and laptops are often among our most expensive personal possessions. In addition to the initial purchase cost of a computer, you typically spend a significant amount on purchasing software, peripherals, and downloads. </span></p>\n<p><span style=\"color: #000000;\">Additionally, the data you store on your computer can be invaluable, and the cost associated with loss of data can be difficult to estimate.</span></p>\n<p><span style=\"color: #000000;\">Accidental damage can leave a computer unfit for use. A coffee spill or water leak in your home can cause significant damage to your machine. </span></p>\n<p><span style=\"color: #000000;\">Fire, lightning, and severe weather can also put your home computers, laptops, and stored data in jeopardy. A short circuit or high-voltage current can result in a fire or irrecoverable damage. </span></p>\n<p><span style=\"color: #000000;\">Finally, one of the greatest concerns for computer and laptop owners is the risk of theft.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Does My Manufacturer\'s Warranty Cover?</span></h3>\n<p><span style=\"color: #000000;\">Most laptop or computer warranties provide spare parts or cover the labor costs for repairs. However, these warranties only come into play if the laptop has hardware issues due to manufacturing defects. </span></p>\n<p><span style=\"color: #000000;\">Therefore, your computer’s warranty will cover problems with the internal components of a computer, but not your keyboard, monitor, peripherals, or software.</span></p>\n<p><span style=\"color: #000000;\">Warranties do not apply to hardware damage or defects arising from rough use. Some warranties become null and void if the user opens the computer and breaks a seal. The standard period for a warranty is usually one year.</span></p>\n<p><span style=\"color: #000000;\">Warranties do not apply to loss of data, malfunctioning of the system arising from its use, and other risks like theft or accidental damage. </span></p>\n<p><span style=\"color: #000000;\">These warranties do not cover software issues either, regardless of whether they came with the system or you installed them later. Manufacturers may provide the following types of warranties:</span></p>\n<p><span style=\"color: #000000;\"><strong>International coverage</strong>: Providing a limited coverage, this warranty can be useful for people who often travel.</span></p>\n<p><span style=\"color: #000000;\"><strong>Extended coverage</strong>: This warranty extends the manufacturer\'s warranty coverage for your computer or laptop. The duration of this warranty is between one and three years. Some versions also cover power surges, breakages, and liquid spills.</span></p>\n<p><span style=\"color: #000000;\">When you buy a computer, it can be worthwhile to check the manufacturer\'s warranty to determine:</span></p>\n<ol>\n<li><span style=\"color: #000000;\">How to return a damaged laptop</span></li>\n<li><span style=\"color: #000000;\">The availability of telephone or email support</span></li>\n<li><span style=\"color: #000000;\">The process of completing repairs</span></li>\n<li><span style=\"color: #000000;\">Whether repair parts will be new, used, or refurbished</span></li>\n</ol>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does My Homeowners Policy Cover My Computer?</span></h3>\n<p><span style=\"color: #000000;\">A homeowners policy typically will provide some coverage for your computer or laptop. The amount of compensation you receive after a loss will depend on whether you have specifically listed your computer on your policy, the amount of personal property insurance you buy, your deductibles, and other factors.</span></p>\n<p><span style=\"color: #000000;\">Another thing to consider is whether you carry actual cash value coverage or replacement value coverage. Actual cash value coverage will compensate you for the depreciated value of the computer, not the cost of a replacement.</span></p>\n<p><span style=\"color: #000000;\">Your homeowners policy may cover loss or damage to your computer if it is caused by a covered risk, such as lightning or a resulting power surge. </span></p>\n<p><span style=\"color: #000000;\">However, the policy will most likely have some coverage limits applicable to expensive electronics like computers. It is important to note that your homeowners policy will not cover any computer malfunctioning.</span></p>\n<p><span style=\"color: #000000;\">If one of your dependents is away at college and has a home computer on campus, your homeowners policy will typically cover that computer. Most policies offer the same limits that apply in your home, but they do limit the coverage to a percentage of the total loss. </span></p>\n<p><span style=\"color: #000000;\">Buying your student laptop coverage might be a good option depending upon the value of the computer and other factors which your independent agent can go over with you.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">How Can Having Computer or Laptop Insurance Benefit Me?</span></h3>\n<p><span style=\"color: #000000;\">While homeowners or renters insurance may cover damage to your computer up to a limit, having computer insurance has its own benefits. Most policies provide laptop theft insurance or computer theft insurance. However, with computers becoming increasingly mobile and portable, laptop insurance is a good idea today.</span></p>\n<p><span style=\"color: #000000;\">Although most computer insurance policies provide coverage for a variety of risks, data insurance is not one of them. Determining the value of data is not easy and data recovery is not always possible. </span></p>\n<p><span style=\"color: #000000;\">Some insurers do offer coverage for loss of data, but make sure you know under what circumstances, and how data is covered before you purchase a policy.</span></p>\n<p><span style=\"color: #000000;\">Other risks that even specialized computer insurance policies do not cover include:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Corrosion or rust</span></li>\n<li><span style=\"color: #000000;\">Damage arising from environmental causes such as dust, heat, or humidity</span></li>\n<li><span style=\"color: #000000;\">Illegal acts</span></li>\n<li><span style=\"color: #000000;\">War</span></li>\n<li><span style=\"color: #000000;\">Pest and rodent damage</span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Finding the Right Computer Insurance for Your Needs</span></h3>\n<p><span style=\"color: #000000;\">One option you need to consider is whether you want basic coverage or extended coverage. Ask yourself these questions to get a better idea of what you need:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">How do you use your computer or laptop — for personal use or for business purposes?</span></li>\n<li><span style=\"color: #000000;\">How much did you pay for your computer?</span></li>\n<li><span style=\"color: #000000;\">How often do you use it?</span></li>\n<li><span style=\"color: #000000;\">How often do you travel with your laptop or computer?</span></li>\n</ul>\n<p><span style=\"color: #000000;\">If you travel frequently with your computer or laptop and it is an expensive model, buying extended coverage can be beneficial. Your agent can give you a computer insurance quote that takes into account:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">The cost of insuring your laptop if it gets lost</span></li>\n<li><span style=\"color: #000000;\">The likelihood of damage due to an insured risk</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Thus, if you experience a loss, the insurer will either pay an amount equal to the value of the computer, or compensate you for the market value if the damage cannot be repaired.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/computer/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Computer Insurance','','inherit','closed','closed','','959-revision-v1','','','2020-11-28 00:01:25','2020-11-28 00:01:25','',959,'http://smartinsurance.tips/959-revision-v1/',0,'revision','',0),(967,1,'2020-11-28 00:02:41','2020-11-28 00:02:41','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Why Antiques May Not Be Covered in Your Home Policy</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/da4757c6-9eb1-4e37-b3d0-61d3aa81bb8b/how-much-contents-coverage-do-i-need-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"How much contents coverage do I need\" /></span></p>\n<p><span style=\"color: #0a0a0a;\">Almost everyone has a special collection, whether it\'s a collection of antiques, coins, art, figurines, dolls, collector cars, or fine wine. It’s hard to imagine anything happening to your treasured belongings. Antiques and collectibles insurance provides coverage for those hard-to-replace belongings in your home. </span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n<h3><span style=\"color: #0a0a0a;\">Loss Scenarios: When You Need Collectible Insurance</span></h3>\n<p><span style=\"color: #0a0a0a;\">If you have questions about antiques and collectibles insurance and why it can be necessary to protect your items, it might be helpful to you to consider some scenarios that would make collectible insurance valuable to have. Here are just a few to consider:</span></p>\n<ul>\n<li><span style=\"color: #0a0a0a;\">A heat wave or other event damages your wine collection</span></li>\n<li><span style=\"color: #0a0a0a;\">Your figurine collection is broken when a shelf collapses</span></li>\n<li><span style=\"color: #0a0a0a;\">Broken water pipes destroy your collection of antique furniture</span></li>\n<li><span style=\"color: #0a0a0a;\">A home fire destroys your collection of autographed sports memorabilia</span></li>\n<li><span style=\"color: #0a0a0a;\">You lose your collection of fine art in a burglary</span></li>\n</ul>\n<p><span style=\"color: #0a0a0a;\">These are examples of worst-case scenarios that could cause your prized possessions to be destroyed. Because these items have high dollar values and mean so much to you and your family, protecting your investment in antiques and collectibles with specific insurance can provide peace of mind.</span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n<h3><span style=\"color: #0a0a0a;\">Does Homeowners Insurance Cover Antiques and Collectibles?</span></h3>\n<p><span style=\"color: #0a0a0a;\">A common misconception is that homeowners insurance provides coverage for all high value items in the home, including antiques, collectibles, and family heirlooms. </span></p>\n<p><span style=\"color: #0a0a0a;\">While some policies may cover your antiques, the amount of coverage is typically very limited and may not be enough to cover the replacement of your expensive possessions after a loss.</span></p>\n<p><span style=\"color: #0a0a0a;\">Homeowners policies typically cover up to a set limit for many specific categories of items. For example, your policy may cover a loss of up to $2,500 for your art, collectibles, and antiques.</span></p>\n<p><span style=\"color: #0a0a0a;\">If you determine that you need additional, specific coverage for antiques and collectibles, there are typically two methods:</span></p>\n<ol>\n<li><span style=\"color: #0a0a0a;\">Work with your agent to add an “endorsement” (also called a rider) to your existing homeowners insurance policy for any items of value that otherwise won\'t be covered for their full value by your home policy.</span></li>\n<li><span style=\"color: #0a0a0a;\">Buy a separate \"insurance floater\" for each of your most treasured items or collections.</span></li>\n</ol>\n<p><span style=\"color: #0a0a0a;\">Consult with your agent about the best approach for you based on the value of the items you need to cover, and a cost comparison of a rider vs. a separate insurance floater.</span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n<h3><span style=\"color: #0a0a0a;\">Antiques and Collectibles: Do You Know What You Have?</span></h3>\n<p><span style=\"color: #0a0a0a;\">Surprisingly, many collectors are unsure how many antiques they have or whether they have great value. In your search for the best antiques and collectibles insurance, you’ll want to identify each item in your collection. Be sure to include any item you would want to replace if it is destroyed or stolen.</span></p>\n<p><span style=\"color: #0a0a0a;\">How much insurance you’ll need depends on the size of your collection and what that collection includes. Many times, getting the appropriate coverage for your antiques and collectibles requires an appraisal of your collection. </span></p>\n<p><span style=\"color: #0a0a0a;\">The appraised value of a collection can sometimes be two to three times more than the fair market value. An appraisal is beneficial to help ensure that you have a written valuation of your collection and documentation in the event that you need to file a claim.</span></p>\n<p><span style=\"color: #0a0a0a;\">You’ll want to carefully compare coverage options in order to select a plan that suits you.</span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n<h3><span style=\"color: #0a0a0a;\">How Much Are My Antiques and Collectibles Worth?</span></h3>\n<p><span style=\"color: #0a0a0a;\">If you’re unsure what your collection is worth, you’re not alone. Many people collect special items for years, never realizing that those items are increasing in value over time. </span></p>\n<p><span style=\"color: #0a0a0a;\">If you take the time to create a list of your antiques and collectibles, your appraiser can more easily determine their worth so you can get the insurance protection you need.</span></p>\n<p><span style=\"color: #0a0a0a;\">Possessions have different types of values for different purposes. These include:</span></p>\n<ul>\n<li><span style=\"color: #0a0a0a;\"><strong>Retail value</strong>: The price the item currently sells for in an antique shop.</span></li>\n<li><span style=\"color: #0a0a0a;\"><strong>Wholesale value</strong>: The price a dealer pays for the piece, which is often up to 50% less than its retail value.</span></li>\n<li><span style=\"color: #0a0a0a;\"><strong>Fair market value</strong>: The selling price agreed upon by the seller and buyer.</span></li>\n<li><span style=\"color: #0a0a0a;\"><strong>Insurance value</strong>: The highest monetary value given to the item if it needs to be replaced.</span></li>\n<li><span style=\"color: #0a0a0a;\"><strong>Tax or estate value</strong>: The average price paid for the same, or similar, piece at an auction.</span></li>\n<li><span style=\"color: #0a0a0a;\"><strong>Auction value</strong>: The price the item would cost if neither the seller nor buyer were in a position of forced sale. This is also known as the “open market price.”</span></li>\n</ul>\n<p><span style=\"color: #0a0a0a;\">Knowing the value of your collectibles is just as important whether you have plans to sell, or you want to be certain it is properly insured.</span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #0a0a0a;\">Determine the Best Collectible Insurance for You</span></h3>\n<p><span style=\"color: #0a0a0a;\">Though you likely realize that protecting your antiques and collectibles with insurance is important, you may still feel overwhelmed by the process of finding the right coverage.</span></p>\n<p><span style=\"color: #0a0a0a;\">In the end, collecting several rate quotes is the most important step you can take to make sure you\'re getting the best coverage at a competitive price. It\'s highly recommended that you get at least three rate quotes on similar coverage before you buy. </span></p>\n<p><span style=\"color: #0a0a0a;\">Furthermore, it\'s a good idea to check the insurance company\'s financial strength rating through an agency. Best to make sure you\'re working with a reputable company. Insurance is a great tool that can protect your belongings, but just make sure you\'re getting the best coverage for your needs and budget.</span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/antiques-collectibles/\">click here<span style=\"color: #000000;\">.</span></a></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Why Antiques May Not Be Covered in Your Home Policy','','publish','closed','closed','','why-antiques-may-not-be-covered-in-your-home-policy','','','2020-12-05 00:08:17','2020-12-05 00:08:17','',0,'http://smartinsurance.tips/?page_id=967',0,'page','',0),(968,1,'2020-11-28 00:02:41','2020-11-28 00:02:41','<!-- wp:divi/placeholder /-->','Why Antiques May Not Be Covered in Your Home Policy','','inherit','closed','closed','','967-revision-v1','','','2020-11-28 00:02:41','2020-11-28 00:02:41','',967,'http://smartinsurance.tips/967-revision-v1/',0,'revision','',0),(970,1,'2020-11-28 00:06:26','2020-11-28 00:06:26','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Why Antiques May Not Be Covered in Your Home Policy</strong></span></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/da4757c6-9eb1-4e37-b3d0-61d3aa81bb8b/how-much-contents-coverage-do-i-need-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"How much contents coverage do I need\" /></span></p>\n<p><span style=\"color: #0a0a0a;\">Almost everyone has a special collection, whether it\'s a collection of antiques, coins, art, figurines, dolls, collector cars, or fine wine. It’s hard to imagine anything happening to your treasured belongings. Antiques and collectibles insurance provides coverage for those hard-to-replace belongings in your home. </span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n<h3><span style=\"color: #0a0a0a;\">Loss Scenarios: When You Need Collectible Insurance</span></h3>\n<p><span style=\"color: #0a0a0a;\">If you have questions about antiques and collectibles insurance and why it can be necessary to protect your items, it might be helpful to you to consider some scenarios that would make collectible insurance valuable to have. Here are just a few to consider:</span></p>\n<ul>\n<li><span style=\"color: #0a0a0a;\">A heat wave or other event damages your wine collection</span></li>\n<li><span style=\"color: #0a0a0a;\">Your figurine collection is broken when a shelf collapses</span></li>\n<li><span style=\"color: #0a0a0a;\">Broken water pipes destroy your collection of antique furniture</span></li>\n<li><span style=\"color: #0a0a0a;\">A home fire destroys your collection of autographed sports memorabilia</span></li>\n<li><span style=\"color: #0a0a0a;\">You lose your collection of fine art in a burglary</span></li>\n</ul>\n<p><span style=\"color: #0a0a0a;\">These are examples of worst-case scenarios that could cause your prized possessions to be destroyed. Because these items have high dollar values and mean so much to you and your family, protecting your investment in antiques and collectibles with specific insurance can provide peace of mind.</span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n<h3><span style=\"color: #0a0a0a;\">Does Homeowners Insurance Cover Antiques and Collectibles?</span></h3>\n<p><span style=\"color: #0a0a0a;\">A common misconception is that homeowners insurance provides coverage for all high value items in the home, including antiques, collectibles, and family heirlooms. </span></p>\n<p><span style=\"color: #0a0a0a;\">While some policies may cover your antiques, the amount of coverage is typically very limited and may not be enough to cover the replacement of your expensive possessions after a loss.</span></p>\n<p><span style=\"color: #0a0a0a;\">Homeowners policies typically cover up to a set limit for many specific categories of items. For example, your policy may cover a loss of up to $2,500 for your art, collectibles, and antiques.</span></p>\n<p><span style=\"color: #0a0a0a;\">If you determine that you need additional, specific coverage for antiques and collectibles, there are typically two methods:</span></p>\n<ol>\n<li><span style=\"color: #0a0a0a;\">Work with your agent to add an “endorsement” (also called a rider) to your existing homeowners insurance policy for any items of value that otherwise won\'t be covered for their full value by your home policy.</span></li>\n<li><span style=\"color: #0a0a0a;\">Buy a separate \"insurance floater\" for each of your most treasured items or collections.</span></li>\n</ol>\n<p><span style=\"color: #0a0a0a;\">Consult with your agent about the best approach for you based on the value of the items you need to cover, and a cost comparison of a rider vs. a separate insurance floater.</span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n<h3><span style=\"color: #0a0a0a;\">Antiques and Collectibles: Do You Know What You Have?</span></h3>\n<p><span style=\"color: #0a0a0a;\">Surprisingly, many collectors are unsure how many antiques they have or whether they have great value. In your search for the best antiques and collectibles insurance, you’ll want to identify each item in your collection. Be sure to include any item you would want to replace if it is destroyed or stolen.</span></p>\n<p><span style=\"color: #0a0a0a;\">How much insurance you’ll need depends on the size of your collection and what that collection includes. Many times, getting the appropriate coverage for your antiques and collectibles requires an appraisal of your collection. </span></p>\n<p><span style=\"color: #0a0a0a;\">The appraised value of a collection can sometimes be two to three times more than the fair market value. An appraisal is beneficial to help ensure that you have a written valuation of your collection and documentation in the event that you need to file a claim.</span></p>\n<p><span style=\"color: #0a0a0a;\">You’ll want to carefully compare coverage options in order to select a plan that suits you.</span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n<h3><span style=\"color: #0a0a0a;\">How Much Are My Antiques and Collectibles Worth?</span></h3>\n<p><span style=\"color: #0a0a0a;\">If you’re unsure what your collection is worth, you’re not alone. Many people collect special items for years, never realizing that those items are increasing in value over time. </span></p>\n<p><span style=\"color: #0a0a0a;\">If you take the time to create a list of your antiques and collectibles, your appraiser can more easily determine their worth so you can get the insurance protection you need.</span></p>\n<p><span style=\"color: #0a0a0a;\">Possessions have different types of values for different purposes. These include:</span></p>\n<ul>\n<li><span style=\"color: #0a0a0a;\"><strong>Retail value</strong>: The price the item currently sells for in an antique shop.</span></li>\n<li><span style=\"color: #0a0a0a;\"><strong>Wholesale value</strong>: The price a dealer pays for the piece, which is often up to 50% less than its retail value.</span></li>\n<li><span style=\"color: #0a0a0a;\"><strong>Fair market value</strong>: The selling price agreed upon by the seller and buyer.</span></li>\n<li><span style=\"color: #0a0a0a;\"><strong>Insurance value</strong>: The highest monetary value given to the item if it needs to be replaced.</span></li>\n<li><span style=\"color: #0a0a0a;\"><strong>Tax or estate value</strong>: The average price paid for the same, or similar, piece at an auction.</span></li>\n<li><span style=\"color: #0a0a0a;\"><strong>Auction value</strong>: The price the item would cost if neither the seller nor buyer were in a position of forced sale. This is also known as the “open market price.”</span></li>\n</ul>\n<p><span style=\"color: #0a0a0a;\">Knowing the value of your collectibles is just as important whether you have plans to sell, or you want to be certain it is properly insured.</span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\">\n<h3><span style=\"color: #0a0a0a;\">Determine the Best Collectible Insurance for You</span></h3>\n<p><span style=\"color: #0a0a0a;\">Though you likely realize that protecting your antiques and collectibles with insurance is important, you may still feel overwhelmed by the process of finding the right coverage.</span></p>\n<p><span style=\"color: #0a0a0a;\">In the end, collecting several rate quotes is the most important step you can take to make sure you\'re getting the best coverage at a competitive price. It\'s highly recommended that you get at least three rate quotes on similar coverage before you buy. </span></p>\n<p><span style=\"color: #0a0a0a;\">Furthermore, it\'s a good idea to check the insurance company\'s financial strength rating through an agency. Best to make sure you\'re working with a reputable company. Insurance is a great tool that can protect your belongings, but just make sure you\'re getting the best coverage for your needs and budget.</span></p>\n<p><span style=\"color: #0a0a0a;\"></span></p>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Why Antiques May Not Be Covered in Your Home Policy','','inherit','closed','closed','','967-revision-v1','','','2020-11-28 00:06:26','2020-11-28 00:06:26','',967,'http://smartinsurance.tips/967-revision-v1/',0,'revision','',0),(1117,1,'2020-12-05 00:21:53','2020-12-05 00:21:53','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Why 52,000 Bicyclists Need Insurance</strong></span></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/00a06696-bba3-4b0d-b257-58364a68a1c9/motorized-bike-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Motorized Bike Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Many people use bicycles as their preferred means of transport. Some ride bikes for health and fitness; others want to avoid paying high gas prices. </span></p>\n<p><span style=\"color: #000000;\">Still others ride bikes out of concern for the environment. If you regularly ride, chances are you’ve put a considerable amount of money into your wheels. How do you protect that investment?</span></p>\n<p><span style=\"color: #000000;\">More people are asking that very question today, and several companies are offering bicycle insurance that mirrors the protection of auto insurance. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Safety Facts for Bikers</span></h3>\n<p><span style=\"color: #000000;\">As a biker, you need to be safe on the road. Here are some statistics about bikers and safety on US streets:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">In 2018, 857 bicyclists were killed in motor vehicle traffic crashes.</span></li>\n<li><span style=\"color: #000000;\">This accounted for 2% of all motor vehicle traffic fatalities.</span></li>\n<li><span style=\"color: #000000;\">An additional 45,000 riders were injured in motor vehicle traffic crashes.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">There are certain risks you face when you share the road with automobiles. Consider your risks as you start to think about purchasing an insurance policy for your bike.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Provide Bicycle Coverage?</span></h3>\n<p><span style=\"color: #000000;\">If you own a home, your homeowners policy provides some bicycle insurance in the form of personal property coverage. A renters insurance policy will do the same. </span></p>\n<p><span style=\"color: #000000;\">Be sure to contact your agent to discuss whether it makes sense for you to add your bicycle as a line item on your homeowners insurance policy, and whether you need an additional rider, or a separate insurance floater, to provide the protection you need.</span></p>\n<p><span style=\"color: #000000;\">Your homeowners policy will cover damage to your bike to some extent, but your bike’s replacement value may be much higher than the amount of coverage provided in a standard policy. </span></p>\n<p><span style=\"color: #000000;\">In a catastrophic incident, such as a home fire, your losses in terms of personal belongings can quickly exceed the limit of your policy.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">When  to Look for Bicycle Insurance</span></h3>\n<p><span style=\"color: #000000;\">Purchasing a bicycle insurance policy may make sense for you under the following circumstances:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">You paid a large chunk of change for your bike. While the average bike costs a few hundred dollars, some enthusiasts don\'t think twice about spending $5,000 to $10,000 for top-of-the line bikes. If you have a very expensive model, you may want to seriously consider buying comprehensive bicycle insurance.</span></li>\n<li><span style=\"color: #000000;\">You regularly ride off-road and want mountain bike insurance to cover you and your bike for damage and medical costs.</span></li>\n<li><span style=\"color: #000000;\">You do stunt riding or participate in BMX competitions, and you want bike insurance to cover potential injuries or damage.</span></li>\n<li><span style=\"color: #000000;\">You want bike insurance for a specialty bike that you had designed, upgraded or modified. If you have a one-of-a-kind bike, you may want to get it appraised by a bicycle expert who can put the estimated value in writing.</span></li>\n<li><span style=\"color: #000000;\">You don\'t have a homeowners policy or renters insurance that could potentially cover your bike against loss, damage or theft.</span></li>\n<li><span style=\"color: #000000;\">You don\'t have health insurance to cover your injuries or hospitalization expenses if you are severely injured in a bike crash.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Some people want coverage year-round, while others are only interested in 6-month bike insurance, because they only ride during the warmer months. </span></p>\n<p><span style=\"color: #000000;\">However, be sure to evaluate the possibility of your bicycle being damaged or stolen while in storage before determining that you only need coverage for a portion of the year.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Considerations When Looking for Bike Insurance Quotes</span></h3>\n<p><span style=\"color: #000000;\">The following are some of the factors to consider when searching for bike insurance quotes.</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Value</strong>: The value of the bike is the main determinant when calculating how much coverage you need. In addition to purchase price, be sure to include the value of any additional equipment or features you’ve added on, including tools, speedometers and panniers. Be sure to keep all receipts so you have the proper documentation, if it is ever needed for a claim.</span></li>\n<li><span style=\"color: #000000;\"><strong>Type of bike</strong>: The type of bike also affects the amount of coverage needed and the price of the quote. This factor, as well as how you use the bike, will determine your risks. A stunt bike is considered a bigger risk than a regular bike, and will cost more to insure.</span></li>\n<li><span style=\"color: #000000;\"><strong>Your use of the bike</strong>: Be sure to tell your agent how and where you ride. A bike used for commuting to work won\'t cost as much to insure as a bike used on mountain trails. Furthermore, if you use your bike daily, you might want to seek higher coverage than if you only use it occasionally.</span></li>\n<li><span style=\"color: #000000;\"><strong>Depreciation</strong>: The value of any asset depreciates over time. Even if you’ve only just taken your brand-new, $11,000 SL4 Di2 out on the road, its value has already diminished. Normally, insurers pay actual cash value (the cost of a new bicycle minus the depreciation), so it might be worthwhile considering replacement cost coverage for a high-end bike. If you have coverage for the replacement value, you will be able to replace your bicycle with a bike of similar quality after a loss.</span></li>\n<li><span style=\"color: #000000;\"><strong>Limits and deductibles</strong>: With nearly all insurance plans, paying higher deductibles lowers your premium. However, a high deductible increases your out-of-pocket costs in the event of a loss. Choosing a higher limit means a higher premium, but better coverage if your bicycle is stolen or destroyed.</span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">How Much Is Bicycle Insurance and How Do You Get It?</span></h3>\n<p><span style=\"color: #000000;\">There are many factors that will affect your bike insurance costs. As a general rule, you can expect to pay $250 to $300 per year.</span></p>\n<p><span style=\"color: #000000;\">There are a few different ways to get the coverage you need for yourself, your bicycle and the cyclists in your family:</span></p>\n<ol>\n<li><span style=\"color: #000000;\">Add bicycle coverage to your homeowners or renters policy with a separate rider or endorsement that will cover the loss of your bike at replacement cost value.</span></li>\n<li><span style=\"color: #000000;\">Get a separate insurance floater specifically to insure your high-end bicycle.</span></li>\n</ol>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/bikes/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Why 52,000 Bicyclists Need Insurance','','inherit','closed','closed','','971-revision-v1','','','2020-12-05 00:21:53','2020-12-05 00:21:53','',971,'http://smartinsurance.tips/971-revision-v1/',0,'revision','',0),(975,1,'2020-11-28 00:13:06','2020-11-28 00:13:06','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Why 52,000 Bicyclists Need Insurance</strong></span></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/00a06696-bba3-4b0d-b257-58364a68a1c9/motorized-bike-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Motorized Bike Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Many people use bicycles as their preferred means of transport. Some ride bikes for health and fitness; others want to avoid paying high gas prices. </span></p>\n<p><span style=\"color: #000000;\">Still others ride bikes out of concern for the environment. If you regularly ride, chances are you’ve put a considerable amount of money into your wheels. How do you protect that investment?</span></p>\n<p><span style=\"color: #000000;\">More people are asking that very question today, and several companies are offering bicycle insurance that mirrors the protection of auto insurance. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Safety Facts for Bikers</span></h3>\n<p><span style=\"color: #000000;\">As a biker, you need to be safe on the road. Here are some statistics about bikers and safety on US streets:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">In 2018, 857 bicyclists were killed in motor vehicle traffic crashes.</span></li>\n<li><span style=\"color: #000000;\">This accounted for 2% of all motor vehicle traffic fatalities.</span></li>\n<li><span style=\"color: #000000;\">An additional 45,000 riders were injured in motor vehicle traffic crashes.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">There are certain risks you face when you share the road with automobiles. Consider your risks as you start to think about purchasing an insurance policy for your bike.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Provide Bicycle Coverage?</span></h3>\n<p><span style=\"color: #000000;\">If you own a home, your homeowners policy provides some bicycle insurance in the form of personal property coverage. A renters insurance policy will do the same. </span></p>\n<p><span style=\"color: #000000;\">Be sure to contact your agent to discuss whether it makes sense for you to add your bicycle as a line item on your homeowners insurance policy, and whether you need an additional rider, or a separate insurance floater, to provide the protection you need.</span></p>\n<p><span style=\"color: #000000;\">Your homeowners policy will cover damage to your bike to some extent, but your bike’s replacement value may be much higher than the amount of coverage provided in a standard policy. </span></p>\n<p><span style=\"color: #000000;\">In a catastrophic incident, such as a home fire, your losses in terms of personal belongings can quickly exceed the limit of your policy.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">When  to Look for Bicycle Insurance</span></h3>\n<p><span style=\"color: #000000;\">Purchasing a bicycle insurance policy may make sense for you under the following circumstances:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">You paid a large chunk of change for your bike. While the average bike costs a few hundred dollars, some enthusiasts don\'t think twice about spending $5,000 to $10,000 for top-of-the line bikes. If you have a very expensive model, you may want to seriously consider buying comprehensive bicycle insurance.</span></li>\n<li><span style=\"color: #000000;\">You regularly ride off-road and want mountain bike insurance to cover you and your bike for damage and medical costs.</span></li>\n<li><span style=\"color: #000000;\">You do stunt riding or participate in BMX competitions, and you want bike insurance to cover potential injuries or damage.</span></li>\n<li><span style=\"color: #000000;\">You want bike insurance for a specialty bike that you had designed, upgraded or modified. If you have a one-of-a-kind bike, you may want to get it appraised by a bicycle expert who can put the estimated value in writing.</span></li>\n<li><span style=\"color: #000000;\">You don\'t have a homeowners policy or renters insurance that could potentially cover your bike against loss, damage or theft.</span></li>\n<li><span style=\"color: #000000;\">You don\'t have health insurance to cover your injuries or hospitalization expenses if you are severely injured in a bike crash.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Some people want coverage year-round, while others are only interested in 6-month bike insurance, because they only ride during the warmer months. </span></p>\n<p><span style=\"color: #000000;\">However, be sure to evaluate the possibility of your bicycle being damaged or stolen while in storage before determining that you only need coverage for a portion of the year.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Considerations When Looking for Bike Insurance Quotes</span></h3>\n<p><span style=\"color: #000000;\">The following are some of the factors to consider when searching for bike insurance quotes.</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Value</strong>: The value of the bike is the main determinant when calculating how much coverage you need. In addition to purchase price, be sure to include the value of any additional equipment or features you’ve added on, including tools, speedometers and panniers. Be sure to keep all receipts so you have the proper documentation, if it is ever needed for a claim.</span></li>\n<li><span style=\"color: #000000;\"><strong>Type of bike</strong>: The type of bike also affects the amount of coverage needed and the price of the quote. This factor, as well as how you use the bike, will determine your risks. A stunt bike is considered a bigger risk than a regular bike, and will cost more to insure.</span></li>\n<li><span style=\"color: #000000;\"><strong>Your use of the bike</strong>: Be sure to tell your agent how and where you ride. A bike used for commuting to work won\'t cost as much to insure as a bike used on mountain trails. Furthermore, if you use your bike daily, you might want to seek higher coverage than if you only use it occasionally.</span></li>\n<li><span style=\"color: #000000;\"><strong>Depreciation</strong>: The value of any asset depreciates over time. Even if you’ve only just taken your brand-new, $11,000 SL4 Di2 out on the road, its value has already diminished. Normally, insurers pay actual cash value (the cost of a new bicycle minus the depreciation), so it might be worthwhile considering replacement cost coverage for a high-end bike. If you have coverage for the replacement value, you will be able to replace your bicycle with a bike of similar quality after a loss.</span></li>\n<li><span style=\"color: #000000;\"><strong>Limits and deductibles</strong>: With nearly all insurance plans, paying higher deductibles lowers your premium. However, a high deductible increases your out-of-pocket costs in the event of a loss. Choosing a higher limit means a higher premium, but better coverage if your bicycle is stolen or destroyed.</span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">How Much Is Bicycle Insurance and How Do You Get It?</span></h3>\n<p><span style=\"color: #000000;\">There are many factors that will affect your bike insurance costs. As a general rule, you can expect to pay $250 to $300 per year.</span></p>\n<p><span style=\"color: #000000;\">There are a few different ways to get the coverage you need for yourself, your bicycle and the cyclists in your family:</span></p>\n<ol>\n<li><span style=\"color: #000000;\">Add bicycle coverage to your homeowners or renters policy with a separate rider or endorsement that will cover the loss of your bike at replacement cost value.</span></li>\n<li><span style=\"color: #000000;\">Get a separate insurance floater specifically to insure your high-end bicycle.</span></li>\n</ol>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Why 52,000 Bicyclists Need Insurance','','inherit','closed','closed','','971-revision-v1','','','2020-11-28 00:13:06','2020-11-28 00:13:06','',971,'http://smartinsurance.tips/971-revision-v1/',0,'revision','',0),(974,1,'2020-11-28 00:12:04','2020-11-28 00:12:04','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Why 52,000 Bicyclists Need Insurance</strong></span></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/00a06696-bba3-4b0d-b257-58364a68a1c9/motorized-bike-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Motorized Bike Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Many people use bicycles as their preferred means of transport. Some ride bikes for health and fitness; others want to avoid paying high gas prices. </span></p>\n<p><span style=\"color: #000000;\">Still others ride bikes out of concern for the environment. If you regularly ride, chances are you’ve put a considerable amount of money into your wheels. How do you protect that investment?</span></p>\n<p><span style=\"color: #000000;\">More people are asking that very question today, and several companies are offering bicycle insurance that mirrors the protection of auto insurance. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Safety Facts for Bikers</span></h3>\n<p><span style=\"color: #000000;\">As a biker, you need to be safe on the road. Here are some statistics about bikers and safety on US streets:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">In 2018, 857 bicyclists were killed in motor vehicle traffic crashes.</span></li>\n<li><span style=\"color: #000000;\">This accounted for 2% of all motor vehicle traffic fatalities.</span></li>\n<li><span style=\"color: #000000;\">An additional 45,000 riders were injured in motor vehicle traffic crashes.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">There are certain risks you face when you share the road with automobiles. Consider your risks as you start to think about purchasing an insurance policy for your bike.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Provide Bicycle Coverage?</span></h3>\n<p><span style=\"color: #000000;\">If you own a home, your homeowners policy provides some bicycle insurance in the form of personal property coverage. A renters insurance policy will do the same. </span></p>\n<p><span style=\"color: #000000;\">Be sure to contact your agent to discuss whether it makes sense for you to add your bicycle as a line item on your homeowners insurance policy, and whether you need an additional rider, or a separate insurance floater, to provide the protection you need.</span></p>\n<p><span style=\"color: #000000;\">Your homeowners policy will cover damage to your bike to some extent, but your bike’s replacement value may be much higher than the amount of coverage provided in a standard policy. </span></p>\n<p><span style=\"color: #000000;\">In a catastrophic incident, such as a home fire, your losses in terms of personal belongings can quickly exceed the limit of your policy.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">When  to Look for Bicycle Insurance</span></h3>\n<p><span style=\"color: #000000;\">Purchasing a bicycle insurance policy may make sense for you under the following circumstances:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">You paid a large chunk of change for your bike. While the average bike costs a few hundred dollars, some enthusiasts don\'t think twice about spending $5,000 to $10,000 for top-of-the line bikes. If you have a very expensive model, you may want to seriously consider buying comprehensive bicycle insurance.</span></li>\n<li><span style=\"color: #000000;\">You regularly ride off-road and want mountain bike insurance to cover you and your bike for damage and medical costs.</span></li>\n<li><span style=\"color: #000000;\">You do stunt riding or participate in BMX competitions, and you want bike insurance to cover potential injuries or damage.</span></li>\n<li><span style=\"color: #000000;\">You want bike insurance for a specialty bike that you had designed, upgraded or modified. If you have a one-of-a-kind bike, you may want to get it appraised by a bicycle expert who can put the estimated value in writing.</span></li>\n<li><span style=\"color: #000000;\">You don\'t have a homeowners policy or renters insurance that could potentially cover your bike against loss, damage or theft.</span></li>\n<li><span style=\"color: #000000;\">You don\'t have health insurance to cover your injuries or hospitalization expenses if you are severely injured in a bike crash.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Some people want coverage year-round, while others are only interested in 6-month bike insurance, because they only ride during the warmer months. </span></p>\n<p><span style=\"color: #000000;\">However, be sure to evaluate the possibility of your bicycle being damaged or stolen while in storage before determining that you only need coverage for a portion of the year.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Considerations When Looking for Bike Insurance Quotes</span></h3>\n<p><span style=\"color: #000000;\">The following are some of the factors to consider when searching for bike insurance quotes.</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Value</strong>: The value of the bike is the main determinant when calculating how much coverage you need. In addition to purchase price, be sure to include the value of any additional equipment or features you’ve added on, including tools, speedometers and panniers. Be sure to keep all receipts so you have the proper documentation, if it is ever needed for a claim.</span></li>\n<li><span style=\"color: #000000;\"><strong>Type of bike</strong>: The type of bike also affects the amount of coverage needed and the price of the quote. This factor, as well as how you use the bike, will determine your risks. A stunt bike is considered a bigger risk than a regular bike, and will cost more to insure.</span></li>\n<li><span style=\"color: #000000;\"><strong>Your use of the bike</strong>: Be sure to tell your agent how and where you ride. A bike used for commuting to work won\'t cost as much to insure as a bike used on mountain trails. Furthermore, if you use your bike daily, you might want to seek higher coverage than if you only use it occasionally.</span></li>\n<li><span style=\"color: #000000;\"><strong>Depreciation</strong>: The value of any asset depreciates over time. Even if you’ve only just taken your brand-new, $11,000 SL4 Di2 out on the road, its value has already diminished. Normally, insurers pay actual cash value (the cost of a new bicycle minus the depreciation), so it might be worthwhile considering replacement cost coverage for a high-end bike. If you have coverage for the replacement value, you will be able to replace your bicycle with a bike of similar quality after a loss.</span></li>\n<li><span style=\"color: #000000;\"><strong>Limits and deductibles</strong>: With nearly all insurance plans, paying higher deductibles lowers your premium. However, a high deductible increases your out-of-pocket costs in the event of a loss. Choosing a higher limit means a higher premium, but better coverage if your bicycle is stolen or destroyed.</span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">How Much Is Bicycle Insurance and How Do You Get It?</span></h3>\n<p><span style=\"color: #000000;\">There are many factors that will affect your bike insurance costs. As a general rule, you can expect to pay $250 to $300 per year.</span></p>\n<p><span style=\"color: #000000;\">There are a few different ways to get the coverage you need for yourself, your bicycle and the cyclists in your family:</span></p>\n<ol>\n<li><span style=\"color: #000000;\">Add bicycle coverage to your homeowners or renters policy with a separate rider or endorsement that will cover the loss of your bike at replacement cost value.</span></li>\n<li><span style=\"color: #000000;\">Get a separate insurance floater specifically to insure your high-end bicycle.</span></li>\n</ol>\n<p><span style=\"color: #000000;\">Since each bike is different in terms of value, style and use, it\'s a good idea to work with an independent insurance agent directly to determine your individual requirements and coverage.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Why 52,000 Bicyclists Need Insurance','','inherit','closed','closed','','971-revision-v1','','','2020-11-28 00:12:04','2020-11-28 00:12:04','',971,'http://smartinsurance.tips/971-revision-v1/',0,'revision','',0),(977,1,'2020-11-28 00:15:44','2020-11-28 00:15:44','<!-- wp:divi/placeholder /-->','When You Lose Your Cell Phone, What\'s Your Plan?','','inherit','closed','closed','','976-revision-v1','','','2020-11-28 00:15:44','2020-11-28 00:15:44','',976,'http://smartinsurance.tips/976-revision-v1/',0,'revision','',0),(980,1,'2020-11-28 00:27:05','2020-11-28 00:27:05','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>What I Learned after Crashing My Drone</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/470bfbea-6cfa-4fc4-a9c3-70f5bbca680f/home-owners_drone-fb_og_image.png\" style=\"float: right;\" /><span style=\"font-size: 14px; text-align: justify; color: #000000;\">Drones are among the most coveted items for aviation enthusiasts, and probably most kids in the neighborhood, too. These high-tech toys were previously off-limits for anyone but the military or law enforcement, but recreational and hobby usage of drones has skyrocketed in recent years.</span><br /><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">When my son asked for a drone for his birthday, I thought it would be a great way to get him to spend time outside. Kids and teens are so technically savvy these days, what could go wrong? As I soon found out: just about everything.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Within minutes of reading the instructions for his new drone, my son headed outside for his first flight. A few seconds after he managed a shaky takeoff, the drone was caught up by the wind and completely out of his control. Before we knew it, the drone was out of sight, and we had no idea how to bring it down.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">We took off on foot to see if it had come down. It had—smashed to pieces on top of a car a few blocks away. The drone was destroyed. The car was pretty banged up, too. Now what?</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">What I Did after The Crash</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Like many recreational drone users, I had no idea what I was getting into. I didn’t know how difficult these “toys” could be to operate. I didn’t know how common “flyaways” were (check YouTube if you don’t believe me). And I certainly didn’t think about being on the hook for thousands of dollars (or more) if my out-of-control drone crashed.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">My son and I found the owner of the damaged car and made our apologies, along with a promise to pay for the damage. The car’s owner suggested I file an insurance claim, but did I even have coverage for this type of thing? Truthfully, I hadn’t thought much about recreational drone insurance, but now I was hoping that I had some type coverage for the damage we caused to the car—not to mention the destroyed drone.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">I talked with my insurance company and luckily I was able to file a claim. In the end, I learned a lot about the importance of talking to my insurance agent before I purchase an item like a drone. And I learned that drones can cause a lot of damage—and can even injure people. Taking my son’s drone lightly was a huge mistake.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Check Your Coverage Before You Buy A Drone</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">I quickly found out that while I had some coverage for the drone crash, I was going to have to pay out-of-pocket too. My insurance company covered the damage to my neighbor’s car (thank goodness), but it did not pay for repair or replacement of the drone.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Here’s how it works. Most <a data-item-id=\"baedaa8b-1314-547d-b69c-b82cffb3083c\" href=\"https://www.trustedchoice.com/homeowners-insurance/\" style=\"color: #000000;\">homeowners insurance</a> policies, like mine, will pay your claim if you or a member of your family harms someone else or their property with a drone. This type of incident falls under the liability portion of a homeowners or renters insurance policy for the following types of claims:</span></p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\"><strong>Property damage:</strong> If you damage someone else’s property (e.g., my neighbor’s car) with your drone, your insurance policy likely will pay for the damage. In my case, my homeowners policy covered the damage to the car.</span></li>\n<li><span style=\"color: #000000;\"><strong>Bodily injury:</strong> If you injure someone with your drone (e.g., my son crashes his drone into a person instead of a car), your insurance policy likely will pay for their medical expenses. My homeowners insurance would have covered injuries to others, too.</span></li>\n</ul>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><em><strong>But you still need to check with your specific policy.</strong></em> Many home insurance policies specifically exclude coverage for aircraft, but radio-controlled model aircraft usually are covered. How your home or renters policy defines “aircraft” and whether that definition applies to your drone will determine whether  you have liability coverage for drone-related incidents. This is very important to find out <em><strong>before</strong></em> you fly your drone. If my insurance company had defined my drone as an excluded aircraft, my claim would not have been paid.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Remember, my homeowners insurance did not pay for damage to <em><strong>my own drone</strong></em>. But if the drone had been damaged by a fire or stolen while it was in my garage, it would have been covered under the contents portion of my homeowners insurance policy. Under those circumstances, my drone would be no different than any other item in my home or garage. This is because homeowners policies typically offer coverage for items that are damaged or destroyed by certain types of “covered perils”—or causes of loss. These are typically events like storms, wind, hail, fire, theft, and vandalism. You will not find “drone crash” on the list of covered losses for your personal property.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep in mind that personal property coverage is subject to your deductible, and that your homeowners policy, like mine, may include a dollar limit. If your drone is worth more than the policy’s basic dollar limit, talk with your agent about purchasing additional personal property coverage for your drone.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Could It Get Worse? You Could Be Sued for Invasion of Privacy.</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you think crashing your drone is a problem, consider this. Invasion of privacy is a serious concern for recreational drone users. Drones with onboard cameras or other data collection capabilities can inadvertently “spy” on other people when taking pictures or video.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If my son’s drone captures photos of our neighbor sunbathing in the yard, she might be inclined to sue him (me) for invasion of privacy. I could be forced to pay her for damages. And the legal costs associated with any lawsuit can be devastating.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Could I file an insurance claim in this case? Yes. The personal injury liability portion of my homeowners insurance policy provides coverage (up to the policy limits) for invasion of privacy claims. I also have a personal umbrella policy, which would also provide coverage for an invasion of privacy claim if the damages exceeded the liability coverage limit of my homeowners policy.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep in mind that insurance policies exclude coverage for intentional acts. If my son purposely posted the aerial photos of our neighbor on social media, I suspect my insurance company would tell me to go fly a kite.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Meanwhile, many people are rightly concerned about drones and privacy. If you or anyone in your family plans to fly a recreational drone, be aware of the privacy concerns and steer clear of any activities that could put you at risk for this kind of lawsuit.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Should I Purchase Additional Recreational Drone Insurance?</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Homeowners or renters insurance is probably sufficient for most recreational drone users. But if you plan to fly your drone often, or you frequently fly in an area where there is a higher probably of causing injury or property damage, you may want to consider additional coverage.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">You can purchase a drone insurance policy that goes above and beyond what is in your home or renters policy, including medical and accidental death coverage for your own injuries (not covered under home insurance), as well as additional liability coverage. This coverage would kick in after any other coverage you have has been exhausted.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you fly a drone for business purposes, your homeowners or renters policy does not apply. Commercial drone operators need special commercial drone insurance.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Drone Regulations and Safety Tips</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Since my son’s hasty, unprepared, and totally ignorant first drone flight, we have both learned a lot. We won’t be flying again until we: a) save up to purchase a new drone, and b) have reviewed and complied with all regulatory and safety guidelines, including:</span></p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\">Recreational drones that weigh more than 0.55 pounds must be registered with the FAA for a $5 fee. Keep your registration certificate in your possession at all times when operating your drone. Your registration must be renewed every three years.</span></li>\n<li><span style=\"color: #000000;\">Don’t fly your recreational drone above 400 feet, and keep it within your line of sight at all times.</span></li>\n<li><span style=\"color: #000000;\">Don’t fly within five miles of an airport unless you contact the airport and control tower first. Steer clear of other restricted areas (e.g., the White House, military installations).</span></li>\n<li><span style=\"color: #000000;\">Let your neighbors know about your drone to avoid causing any alarm.</span></li>\n<li><span style=\"color: #000000;\">Avoid flying near people, crowds, or stadiums.</span></li>\n<li><span style=\"color: #000000;\">Unmanned aircraft that weigh over 55 pounds require special registration and permission.</span></li>\n</ul>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">How to Insure Your Recreational Drone</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Hobby drone insurance is new and evolving. While you may be able to get all the coverage you need with your home or renters insurance policy, don’t rely on assumptions. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/drones/\">click here<span style=\"color: #000000;\">.</span></a></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What I Learned after Crashing My Drone','','publish','closed','closed','','what-i-learned-after-crashing-my-drone','','','2020-11-28 00:35:21','2020-11-28 00:35:21','',0,'http://smartinsurance.tips/?page_id=980',0,'page','',0),(981,1,'2020-11-28 00:27:05','2020-11-28 00:27:05','<!-- wp:divi/placeholder /-->','What I Learned after Crashing My Drone','','inherit','closed','closed','','980-revision-v1','','','2020-11-28 00:27:05','2020-11-28 00:27:05','',980,'http://smartinsurance.tips/980-revision-v1/',0,'revision','',0),(985,1,'2020-11-28 00:33:46','2020-11-28 00:33:46','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>What I Learned after Crashing My Drone</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/470bfbea-6cfa-4fc4-a9c3-70f5bbca680f/home-owners_drone-fb_og_image.png\" style=\"float: right;\" /><span style=\"font-size: 14px; text-align: justify; color: #000000;\">Drones are among the most coveted items for aviation enthusiasts, and probably most kids in the neighborhood, too. These high-tech toys were previously off-limits for anyone but the military or law enforcement, but recreational and hobby usage of drones has skyrocketed in recent years.</span><br /><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">When my son asked for a drone for his birthday, I thought it would be a great way to get him to spend time outside. Kids and teens are so technically savvy these days, what could go wrong? As I soon found out: just about everything.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Within minutes of reading the instructions for his new drone, my son headed outside for his first flight. A few seconds after he managed a shaky takeoff, the drone was caught up by the wind and completely out of his control. Before we knew it, the drone was out of sight, and we had no idea how to bring it down.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">We took off on foot to see if it had come down. It had—smashed to pieces on top of a car a few blocks away. The drone was destroyed. The car was pretty banged up, too. Now what?</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">What I Did after The Crash</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Like many recreational drone users, I had no idea what I was getting into. I didn’t know how difficult these “toys” could be to operate. I didn’t know how common “flyaways” were (check YouTube if you don’t believe me). And I certainly didn’t think about being on the hook for thousands of dollars (or more) if my out-of-control drone crashed.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">My son and I found the owner of the damaged car and made our apologies, along with a promise to pay for the damage. The car’s owner suggested I file an insurance claim, but did I even have coverage for this type of thing? Truthfully, I hadn’t thought much about recreational drone insurance, but now I was hoping that I had some type coverage for the damage we caused to the car—not to mention the destroyed drone.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">I talked with my insurance company and luckily I was able to file a claim. In the end, I learned a lot about the importance of talking to my insurance agent before I purchase an item like a drone. And I learned that drones can cause a lot of damage—and can even injure people. Taking my son’s drone lightly was a huge mistake.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Check Your Coverage Before You Buy A Drone</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">I quickly found out that while I had some coverage for the drone crash, I was going to have to pay out-of-pocket too. My insurance company covered the damage to my neighbor’s car (thank goodness), but it did not pay for repair or replacement of the drone.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Here’s how it works. Most <a data-item-id=\"baedaa8b-1314-547d-b69c-b82cffb3083c\" href=\"https://www.trustedchoice.com/homeowners-insurance/\" style=\"color: #000000;\">homeowners insurance</a> policies, like mine, will pay your claim if you or a member of your family harms someone else or their property with a drone. This type of incident falls under the liability portion of a homeowners or renters insurance policy for the following types of claims:</span></p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\"><strong>Property damage:</strong> If you damage someone else’s property (e.g., my neighbor’s car) with your drone, your insurance policy likely will pay for the damage. In my case, my homeowners policy covered the damage to the car.</span></li>\n<li><span style=\"color: #000000;\"><strong>Bodily injury:</strong> If you injure someone with your drone (e.g., my son crashes his drone into a person instead of a car), your insurance policy likely will pay for their medical expenses. My homeowners insurance would have covered injuries to others, too.</span></li>\n</ul>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><em><strong>But you still need to check with your specific policy.</strong></em> Many home insurance policies specifically exclude coverage for aircraft, but radio-controlled model aircraft usually are covered. How your home or renters policy defines “aircraft” and whether that definition applies to your drone will determine whether  you have liability coverage for drone-related incidents. This is very important to find out <em><strong>before</strong></em> you fly your drone. If my insurance company had defined my drone as an excluded aircraft, my claim would not have been paid.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Remember, my homeowners insurance did not pay for damage to <em><strong>my own drone</strong></em>. But if the drone had been damaged by a fire or stolen while it was in my garage, it would have been covered under the contents portion of my homeowners insurance policy. Under those circumstances, my drone would be no different than any other item in my home or garage. This is because homeowners policies typically offer coverage for items that are damaged or destroyed by certain types of “covered perils”—or causes of loss. These are typically events like storms, wind, hail, fire, theft, and vandalism. You will not find “drone crash” on the list of covered losses for your personal property.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep in mind that personal property coverage is subject to your deductible, and that your homeowners policy, like mine, may include a dollar limit. If your drone is worth more than the policy’s basic dollar limit, talk with your agent about purchasing additional personal property coverage for your drone.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Could It Get Worse? You Could Be Sued for Invasion of Privacy.</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you think crashing your drone is a problem, consider this. Invasion of privacy is a serious concern for recreational drone users. Drones with onboard cameras or other data collection capabilities can inadvertently “spy” on other people when taking pictures or video.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If my son’s drone captures photos of our neighbor sunbathing in the yard, she might be inclined to sue him (me) for invasion of privacy. I could be forced to pay her for damages. And the legal costs associated with any lawsuit can be devastating.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Could I file an insurance claim in this case? Yes. The personal injury liability portion of my homeowners insurance policy provides coverage (up to the policy limits) for invasion of privacy claims. I also have a personal umbrella policy, which would also provide coverage for an invasion of privacy claim if the damages exceeded the liability coverage limit of my homeowners policy.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep in mind that insurance policies exclude coverage for intentional acts. If my son purposely posted the aerial photos of our neighbor on social media, I suspect my insurance company would tell me to go fly a kite.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Meanwhile, many people are rightly concerned about drones and privacy. If you or anyone in your family plans to fly a recreational drone, be aware of the privacy concerns and steer clear of any activities that could put you at risk for this kind of lawsuit.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Should I Purchase Additional Recreational Drone Insurance?</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Homeowners or renters insurance is probably sufficient for most recreational drone users. But if you plan to fly your drone often, or you frequently fly in an area where there is a higher probably of causing injury or property damage, you may want to consider additional coverage.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">You can purchase a drone insurance policy that goes above and beyond what is in your home or renters policy, including medical and accidental death coverage for your own injuries (not covered under home insurance), as well as additional liability coverage. This coverage would kick in after any other coverage you have has been exhausted.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you fly a drone for business purposes, your homeowners or renters policy does not apply. Commercial drone operators need special commercial drone insurance.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Drone Regulations and Safety Tips</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Since my son’s hasty, unprepared, and totally ignorant first drone flight, we have both learned a lot. We won’t be flying again until we: a) save up to purchase a new drone, and b) have reviewed and complied with all regulatory and safety guidelines, including:</span></p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\">Recreational drones that weigh more than 0.55 pounds must be registered with the FAA for a $5 fee. Keep your registration certificate in your possession at all times when operating your drone. Your registration must be renewed every three years.</span></li>\n<li><span style=\"color: #000000;\">Don’t fly your recreational drone above 400 feet, and keep it within your line of sight at all times.</span></li>\n<li><span style=\"color: #000000;\">Don’t fly within five miles of an airport unless you contact the airport and control tower first. Steer clear of other restricted areas (e.g., the White House, military installations).</span></li>\n<li><span style=\"color: #000000;\">Let your neighbors know about your drone to avoid causing any alarm.</span></li>\n<li><span style=\"color: #000000;\">Avoid flying near people, crowds, or stadiums.</span></li>\n<li><span style=\"color: #000000;\">Unmanned aircraft that weigh over 55 pounds require special registration and permission.</span></li>\n</ul>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">How to Insure Your Recreational Drone</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Hobby drone insurance is new and evolving. While you may be able to get all the coverage you need with your home or renters insurance policy, don’t rely on assumptions. Your best bet is to get the advice of a knowledgeable independent Trusted Choice® insurance agent. A local agent can help you assess your existing overage, and if necessary, can work with multiple insurance companies to find the right policy for your drone.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/drones/\">click here<span style=\"color: #000000;\">.</span></a></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What I Learned after Crashing My Drone','','inherit','closed','closed','','980-revision-v1','','','2020-11-28 00:33:46','2020-11-28 00:33:46','',980,'http://smartinsurance.tips/980-revision-v1/',0,'revision','',0),(979,1,'2020-11-28 00:20:52','2020-11-28 00:20:52','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>When You Lose Your Cell Phone, What\'s Your Plan?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/97237a68-d183-4206-acc5-a9f81d363f67/cell-phone-store-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Cell Phone Store Insurance\" /><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">Cell phones have come a long way from being mere calling devices. Today, the wide range of applications for a mobile phone include everything from helping you to navigate around the city to providing appointment reminders and keeping tabs on your teen. If you are like most people, your phone is your constant companion.</span></p>\n<p><span style=\"color: #000000;\">Losing or breaking your phone can really set you back. And having it stolen is even worse. For this reason, cell phone insurance may be a good idea. With this coverage in place, you can get a replacement phone quickly, whatever the cause of the loss. </span></p>\n<h3><span style=\"color: #000000;\">Cell Phone Loss Statistics</span></h3>\n<p><span style=\"color: #000000;\">Many of us have lost or destroyed a cell phone before. Here are some statistics about nationwide incidents of cell phone loss:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">About 60 million mobile phones are lost or damaged each year.</span></li>\n<li><span style=\"color: #000000;\">Philadelphia, Seattle, Oakland, Long Beach and Newark report the highest instances of cell phone loss.</span></li>\n<li><span style=\"color: #000000;\">People in San Francisco and New York lose their phones three times as often as people in Chicago.</span></li>\n<li><span style=\"color: #000000;\">In 2011, the cumulative value of lost cell phones in America amounted to about $30 billion.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">The loss of your cell is both inconvenient and expensive. If your phone will cost a small fortune to replace, you may want to consider cell phone insurance to protect you from loss, damage or theft.</span></p>\n<h3><span style=\"color: #000000;\">When Bad Things Happen to Good Cell Phones</span></h3>\n<p><span style=\"color: #000000;\">Most cell phones come with warranties from the manufacturer covering all damage from defects or mechanical failure. Manufacturer warranties usually cover defects for one year. </span></p>\n<p><span style=\"color: #000000;\">However, a manufacturer’s warranty will not cover a replacement phone if you drop the phone and smash it, if you spill your coffee on it, or if your phone is stolen or lost.</span></p>\n<p><span style=\"color: #000000;\">Cell phone insurance reimburses you for accidental damage or theft not covered under the warranty. With mobile phone insurance in place, you can typically get a similar replacement for your damaged or destroyed phone.</span></p>\n<p><span style=\"color: #000000;\">The deductibles for cell phone insurance are usually around $50-$150. This may seem excessive for a cheaper phone, but when it comes to a a high-end smartphone that costs $500 or more, the deductible is much more affordable to pay for than buying a new phone.</span></p>\n<h3><span style=\"color: #000000;\">The Manufacturer’s Warranty Is Not Mobile Phone Insurance</span></h3>\n<p><span style=\"color: #000000;\">Unlike cell phone insurance, the manufacturer’s warranty usually lasts for one year and covers manufacturing defects or mechanical issues. As long as you have taken all possible precautions and used the phone properly, you can get a replacement for a malfunctioning phone with your manufacturer’s warranty.</span></p>\n<p><span style=\"color: #000000;\">However, cell phones can be stolen, lost or damaged by accident – which isn’t covered by a manufacturer’s warranty. Mobile phone insurance policies fill in where your warranty ends. If you have a high-end model, coverage for loss and damage especially makes sense.</span></p>\n<h3><span style=\"color: #000000;\">Does Your Homeowners Policy Include Cell Phone Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Insurance for mobile phones – when it is included in your homeowners policy – is probably not enough to replace your phone. A typical HO-3 homeowners policy insures all direct physical losses of all personal property listed in Coverage C of the policy document. The only condition is that a covered peril needs to be the cause for the loss.</span></p>\n<p><span style=\"color: #000000;\">Therefore, if you listed your mobile phone in Coverage C and insured it against theft, you would receive coverage for the theft of the mobile phone. </span></p>\n<p><span style=\"color: #000000;\">If your theft coverage pays for the depreciated value of the phone, you will still pay a considerable amount to buy a brand-new one. You also need to pay a deductible before your coverage kicks in.</span></p>\n<p><span style=\"color: #000000;\">Homeowners seldom conduct a complete assessment of their personal belongings before opting for full replacement value coverage in their homeowners policies. Make sure you understand what personal belongings are covered, and for what amounts. </span></p>\n<p><span style=\"color: #000000;\">Adding your cell phone as a line item to your homeowners policy, or getting a separate rider, will ensure that you’re covered when something dire happens to your phone.</span></p>\n<h3><span style=\"color: #000000;\">What to Look for in Cell Phone Insurance</span></h3>\n<p><span style=\"color: #000000;\">Insurance for mobile phones makes sense under certain circumstances, but you want to be sure you are getting the benefit and value you need. Here are some questions to ask:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">What is the coverage and scope of the cellular phone insurance? Does the policy cover accidental damage, phone theft and loss?</span></li>\n<li><span style=\"color: #000000;\">What does the coverage cost? Multiply your monthly premiums by the length of the policy and then add the deductible. For example, if you pay $10 a month for 3 years, then $10x36 = $360 + deductible of $50 = $410. If the price of a new cell phone is less than the amount you would be paying, you may decide that buying a new phone would be a more cost-effective option.</span></li>\n<li><span style=\"color: #000000;\">How will the cell phone will be replaced in the event of a loss? Will you get a similar model or a better one? Will the replacement be a new phone or a refurbished one?</span></li>\n</ul>\n<h3><span style=\"color: #000000;\">Considerations When Evaluating Cell Phone Insurance</span></h3>\n<p><span style=\"color: #000000;\">Only you know whether cell phone insurance makes the most sense for you. When deciding whether to buy coverage, consider the value of the cell phone and your usage. </span></p>\n<p><span style=\"color: #000000;\">If you are a person who uses your phone for everything from staying in touch with your kids to managing your email, consider whether you can afford to be without it. Are you a very careful person, or do you tend to drop your phone?</span></p>\n<p><span style=\"color: #000000;\">Be sure to evaluate the cell phone coverage carefully and ask such questions as:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">What will it cost to replace your phone out of pocket?</span></li>\n<li><span style=\"color: #000000;\">If you are considering insurance, how much is the deductible?</span></li>\n<li><span style=\"color: #000000;\">Will the insurance cover the cost of calls a thief made after stealing your phone?</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Your insurance coverage should fit your needs and give you peace of mind. When you research your options, take the time to get a few quotes before you buy, so you can feel confident that your coverage has a high value and can protect your investment adequately.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','When You Lose Your Cell Phone, What\'s Your Plan?','','inherit','closed','closed','','976-revision-v1','','','2020-11-28 00:20:52','2020-11-28 00:20:52','',976,'http://smartinsurance.tips/976-revision-v1/',0,'revision','',0),(987,1,'2020-11-28 00:35:21','2020-11-28 00:35:21','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>What I Learned after Crashing My Drone</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/470bfbea-6cfa-4fc4-a9c3-70f5bbca680f/home-owners_drone-fb_og_image.png\" style=\"float: right;\" /><span style=\"font-size: 14px; text-align: justify; color: #000000;\">Drones are among the most coveted items for aviation enthusiasts, and probably most kids in the neighborhood, too. These high-tech toys were previously off-limits for anyone but the military or law enforcement, but recreational and hobby usage of drones has skyrocketed in recent years.</span><br /><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">When my son asked for a drone for his birthday, I thought it would be a great way to get him to spend time outside. Kids and teens are so technically savvy these days, what could go wrong? As I soon found out: just about everything.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Within minutes of reading the instructions for his new drone, my son headed outside for his first flight. A few seconds after he managed a shaky takeoff, the drone was caught up by the wind and completely out of his control. Before we knew it, the drone was out of sight, and we had no idea how to bring it down.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">We took off on foot to see if it had come down. It had—smashed to pieces on top of a car a few blocks away. The drone was destroyed. The car was pretty banged up, too. Now what?</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">What I Did after The Crash</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Like many recreational drone users, I had no idea what I was getting into. I didn’t know how difficult these “toys” could be to operate. I didn’t know how common “flyaways” were (check YouTube if you don’t believe me). And I certainly didn’t think about being on the hook for thousands of dollars (or more) if my out-of-control drone crashed.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">My son and I found the owner of the damaged car and made our apologies, along with a promise to pay for the damage. The car’s owner suggested I file an insurance claim, but did I even have coverage for this type of thing? Truthfully, I hadn’t thought much about recreational drone insurance, but now I was hoping that I had some type coverage for the damage we caused to the car—not to mention the destroyed drone.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">I talked with my insurance company and luckily I was able to file a claim. In the end, I learned a lot about the importance of talking to my insurance agent before I purchase an item like a drone. And I learned that drones can cause a lot of damage—and can even injure people. Taking my son’s drone lightly was a huge mistake.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Check Your Coverage Before You Buy A Drone</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">I quickly found out that while I had some coverage for the drone crash, I was going to have to pay out-of-pocket too. My insurance company covered the damage to my neighbor’s car (thank goodness), but it did not pay for repair or replacement of the drone.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Here’s how it works. Most <a data-item-id=\"baedaa8b-1314-547d-b69c-b82cffb3083c\" href=\"https://www.trustedchoice.com/homeowners-insurance/\" style=\"color: #000000;\">homeowners insurance</a> policies, like mine, will pay your claim if you or a member of your family harms someone else or their property with a drone. This type of incident falls under the liability portion of a homeowners or renters insurance policy for the following types of claims:</span></p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\"><strong>Property damage:</strong> If you damage someone else’s property (e.g., my neighbor’s car) with your drone, your insurance policy likely will pay for the damage. In my case, my homeowners policy covered the damage to the car.</span></li>\n<li><span style=\"color: #000000;\"><strong>Bodily injury:</strong> If you injure someone with your drone (e.g., my son crashes his drone into a person instead of a car), your insurance policy likely will pay for their medical expenses. My homeowners insurance would have covered injuries to others, too.</span></li>\n</ul>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><em><strong>But you still need to check with your specific policy.</strong></em> Many home insurance policies specifically exclude coverage for aircraft, but radio-controlled model aircraft usually are covered. How your home or renters policy defines “aircraft” and whether that definition applies to your drone will determine whether  you have liability coverage for drone-related incidents. This is very important to find out <em><strong>before</strong></em> you fly your drone. If my insurance company had defined my drone as an excluded aircraft, my claim would not have been paid.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Remember, my homeowners insurance did not pay for damage to <em><strong>my own drone</strong></em>. But if the drone had been damaged by a fire or stolen while it was in my garage, it would have been covered under the contents portion of my homeowners insurance policy. Under those circumstances, my drone would be no different than any other item in my home or garage. This is because homeowners policies typically offer coverage for items that are damaged or destroyed by certain types of “covered perils”—or causes of loss. These are typically events like storms, wind, hail, fire, theft, and vandalism. You will not find “drone crash” on the list of covered losses for your personal property.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep in mind that personal property coverage is subject to your deductible, and that your homeowners policy, like mine, may include a dollar limit. If your drone is worth more than the policy’s basic dollar limit, talk with your agent about purchasing additional personal property coverage for your drone.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Could It Get Worse? You Could Be Sued for Invasion of Privacy.</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you think crashing your drone is a problem, consider this. Invasion of privacy is a serious concern for recreational drone users. Drones with onboard cameras or other data collection capabilities can inadvertently “spy” on other people when taking pictures or video.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If my son’s drone captures photos of our neighbor sunbathing in the yard, she might be inclined to sue him (me) for invasion of privacy. I could be forced to pay her for damages. And the legal costs associated with any lawsuit can be devastating.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Could I file an insurance claim in this case? Yes. The personal injury liability portion of my homeowners insurance policy provides coverage (up to the policy limits) for invasion of privacy claims. I also have a personal umbrella policy, which would also provide coverage for an invasion of privacy claim if the damages exceeded the liability coverage limit of my homeowners policy.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep in mind that insurance policies exclude coverage for intentional acts. If my son purposely posted the aerial photos of our neighbor on social media, I suspect my insurance company would tell me to go fly a kite.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Meanwhile, many people are rightly concerned about drones and privacy. If you or anyone in your family plans to fly a recreational drone, be aware of the privacy concerns and steer clear of any activities that could put you at risk for this kind of lawsuit.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Should I Purchase Additional Recreational Drone Insurance?</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Homeowners or renters insurance is probably sufficient for most recreational drone users. But if you plan to fly your drone often, or you frequently fly in an area where there is a higher probably of causing injury or property damage, you may want to consider additional coverage.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">You can purchase a drone insurance policy that goes above and beyond what is in your home or renters policy, including medical and accidental death coverage for your own injuries (not covered under home insurance), as well as additional liability coverage. This coverage would kick in after any other coverage you have has been exhausted.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you fly a drone for business purposes, your homeowners or renters policy does not apply. Commercial drone operators need special commercial drone insurance.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Drone Regulations and Safety Tips</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Since my son’s hasty, unprepared, and totally ignorant first drone flight, we have both learned a lot. We won’t be flying again until we: a) save up to purchase a new drone, and b) have reviewed and complied with all regulatory and safety guidelines, including:</span></p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\">Recreational drones that weigh more than 0.55 pounds must be registered with the FAA for a $5 fee. Keep your registration certificate in your possession at all times when operating your drone. Your registration must be renewed every three years.</span></li>\n<li><span style=\"color: #000000;\">Don’t fly your recreational drone above 400 feet, and keep it within your line of sight at all times.</span></li>\n<li><span style=\"color: #000000;\">Don’t fly within five miles of an airport unless you contact the airport and control tower first. Steer clear of other restricted areas (e.g., the White House, military installations).</span></li>\n<li><span style=\"color: #000000;\">Let your neighbors know about your drone to avoid causing any alarm.</span></li>\n<li><span style=\"color: #000000;\">Avoid flying near people, crowds, or stadiums.</span></li>\n<li><span style=\"color: #000000;\">Unmanned aircraft that weigh over 55 pounds require special registration and permission.</span></li>\n</ul>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">How to Insure Your Recreational Drone</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Hobby drone insurance is new and evolving. While you may be able to get all the coverage you need with your home or renters insurance policy, don’t rely on assumptions. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/drones/\">click here<span style=\"color: #000000;\">.</span></a></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What I Learned after Crashing My Drone','','inherit','closed','closed','','980-revision-v1','','','2020-11-28 00:35:21','2020-11-28 00:35:21','',980,'http://smartinsurance.tips/980-revision-v1/',0,'revision','',0),(983,1,'2020-11-28 00:33:06','2020-11-28 00:33:06','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>What I Learned after Crashing My Drone</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/470bfbea-6cfa-4fc4-a9c3-70f5bbca680f/home-owners_drone-fb_og_image.png\" style=\"float: right;\" /><span style=\"font-size: 14px; text-align: justify; color: #000000;\">Drones are among the most coveted items for aviation enthusiasts, and probably most kids in the neighborhood, too. These high-tech toys were previously off-limits for anyone but the military or law enforcement, but recreational and hobby usage of drones has skyrocketed in recent years.</span><br /><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">When my son asked for a drone for his birthday, I thought it would be a great way to get him to spend time outside. Kids and teens are so technically savvy these days, what could go wrong? As I soon found out: just about everything.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Within minutes of reading the instructions for his new drone, my son headed outside for his first flight. A few seconds after he managed a shaky takeoff, the drone was caught up by the wind and completely out of his control. Before we knew it, the drone was out of sight, and we had no idea how to bring it down.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">We took off on foot to see if it had come down. It had—smashed to pieces on top of a car a few blocks away. The drone was destroyed. The car was pretty banged up, too. Now what?</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">What I Did after The Crash</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Like many recreational drone users, I had no idea what I was getting into. I didn’t know how difficult these “toys” could be to operate. I didn’t know how common “flyaways” were (check YouTube if you don’t believe me). And I certainly didn’t think about being on the hook for thousands of dollars (or more) if my out-of-control drone crashed.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">My son and I found the owner of the damaged car and made our apologies, along with a promise to pay for the damage. The car’s owner suggested I file an insurance claim, but did I even have coverage for this type of thing? Truthfully, I hadn’t thought much about recreational drone insurance, but now I was hoping that I had some type coverage for the damage we caused to the car—not to mention the destroyed drone.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">I talked with my insurance company and luckily I was able to file a claim. In the end, I learned a lot about the importance of talking to my insurance agent before I purchase an item like a drone. And I learned that drones can cause a lot of damage—and can even injure people. Taking my son’s drone lightly was a huge mistake.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Check Your Coverage Before You Buy A Drone</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">I quickly found out that while I had some coverage for the drone crash, I was going to have to pay out-of-pocket too. My insurance company covered the damage to my neighbor’s car (thank goodness), but it did not pay for repair or replacement of the drone.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Here’s how it works. Most <a data-item-id=\"baedaa8b-1314-547d-b69c-b82cffb3083c\" href=\"https://www.trustedchoice.com/homeowners-insurance/\" style=\"color: #000000;\">homeowners insurance</a> policies, like mine, will pay your claim if you or a member of your family harms someone else or their property with a drone. This type of incident falls under the liability portion of a homeowners or renters insurance policy for the following types of claims:</span></p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\"><strong>Property damage:</strong> If you damage someone else’s property (e.g., my neighbor’s car) with your drone, your insurance policy likely will pay for the damage. In my case, my homeowners policy covered the damage to the car.</span></li>\n<li><span style=\"color: #000000;\"><strong>Bodily injury:</strong> If you injure someone with your drone (e.g., my son crashes his drone into a person instead of a car), your insurance policy likely will pay for their medical expenses. My homeowners insurance would have covered injuries to others, too.</span></li>\n</ul>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><em><strong>But you still need to check with your specific policy.</strong></em> Many home insurance policies specifically exclude coverage for aircraft, but radio-controlled model aircraft usually are covered. How your home or renters policy defines “aircraft” and whether that definition applies to your drone will determine whether  you have liability coverage for drone-related incidents. This is very important to find out <em><strong>before</strong></em> you fly your drone. If my insurance company had defined my drone as an excluded aircraft, my claim would not have been paid.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Remember, my homeowners insurance did not pay for damage to <em><strong>my own drone</strong></em>. But if the drone had been damaged by a fire or stolen while it was in my garage, it would have been covered under the contents portion of my homeowners insurance policy. Under those circumstances, my drone would be no different than any other item in my home or garage. This is because homeowners policies typically offer coverage for items that are damaged or destroyed by certain types of “covered perils”—or causes of loss. These are typically events like storms, wind, hail, fire, theft, and vandalism. You will not find “drone crash” on the list of covered losses for your personal property.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep in mind that personal property coverage is subject to your deductible, and that your homeowners policy, like mine, may include a dollar limit. If your drone is worth more than the policy’s basic dollar limit, talk with your agent about purchasing additional personal property coverage for your drone.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Could It Get Worse? You Could Be Sued for Invasion of Privacy.</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you think crashing your drone is a problem, consider this. Invasion of privacy is a serious concern for recreational drone users. Drones with onboard cameras or other data collection capabilities can inadvertently “spy” on other people when taking pictures or video.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If my son’s drone captures photos of our neighbor sunbathing in the yard, she might be inclined to sue him (me) for invasion of privacy. I could be forced to pay her for damages. And the legal costs associated with any lawsuit can be devastating.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Could I file an insurance claim in this case? Yes. The personal injury liability portion of my homeowners insurance policy provides coverage (up to the policy limits) for invasion of privacy claims. I also have a personal umbrella policy, which would also provide coverage for an invasion of privacy claim if the damages exceeded the liability coverage limit of my homeowners policy.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep in mind that insurance policies exclude coverage for intentional acts. If my son purposely posted the aerial photos of our neighbor on social media, I suspect my insurance company would tell me to go fly a kite.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Meanwhile, many people are rightly concerned about drones and privacy. If you or anyone in your family plans to fly a recreational drone, be aware of the privacy concerns and steer clear of any activities that could put you at risk for this kind of lawsuit.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Should I Purchase Additional Recreational Drone Insurance?</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Homeowners or renters insurance is probably sufficient for most recreational drone users. But if you plan to fly your drone often, or you frequently fly in an area where there is a higher probably of causing injury or property damage, you may want to consider additional coverage.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">You can purchase a drone insurance policy that goes above and beyond what is in your home or renters policy, including medical and accidental death coverage for your own injuries (not covered under home insurance), as well as additional liability coverage. This coverage would kick in after any other coverage you have has been exhausted.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you fly a drone for business purposes, your homeowners or renters policy does not apply. Commercial drone operators need special commercial drone insurance.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Drone Regulations and Safety Tips</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Since my son’s hasty, unprepared, and totally ignorant first drone flight, we have both learned a lot. We won’t be flying again until we: a) save up to purchase a new drone, and b) have reviewed and complied with all regulatory and safety guidelines, including:</span></p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\">Recreational drones that weigh more than 0.55 pounds must be registered with the FAA for a $5 fee. Keep your registration certificate in your possession at all times when operating your drone. Your registration must be renewed every three years.</span></li>\n<li><span style=\"color: #000000;\">Don’t fly your recreational drone above 400 feet, and keep it within your line of sight at all times.</span></li>\n<li><span style=\"color: #000000;\">Don’t fly within five miles of an airport unless you contact the airport and control tower first. Steer clear of other restricted areas (e.g., the White House, military installations).</span></li>\n<li><span style=\"color: #000000;\">Let your neighbors know about your drone to avoid causing any alarm.</span></li>\n<li><span style=\"color: #000000;\">Avoid flying near people, crowds, or stadiums.</span></li>\n<li><span style=\"color: #000000;\">Unmanned aircraft that weigh over 55 pounds require special registration and permission.</span></li>\n</ul>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">How to Insure Your Recreational Drone</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Hobby drone insurance is new and evolving. While you may be able to get all the coverage you need with your home or renters insurance policy, don’t rely on assumptions. Your best bet is to get the advice of a knowledgeable independent Trusted Choice® insurance agent. A local agent can help you assess your existing overage, and if necessary, can work with multiple insurance companies to find the right policy for your drone.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What I Learned after Crashing My Drone','','inherit','closed','closed','','980-revision-v1','','','2020-11-28 00:33:06','2020-11-28 00:33:06','',980,'http://smartinsurance.tips/980-revision-v1/',0,'revision','',0),(986,1,'2020-11-28 00:34:38','2020-11-28 00:34:38','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>What I Learned after Crashing My Drone</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/470bfbea-6cfa-4fc4-a9c3-70f5bbca680f/home-owners_drone-fb_og_image.png\" style=\"float: right;\" /><span style=\"font-size: 14px; text-align: justify; color: #000000;\">Drones are among the most coveted items for aviation enthusiasts, and probably most kids in the neighborhood, too. These high-tech toys were previously off-limits for anyone but the military or law enforcement, but recreational and hobby usage of drones has skyrocketed in recent years.</span><br /><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">When my son asked for a drone for his birthday, I thought it would be a great way to get him to spend time outside. Kids and teens are so technically savvy these days, what could go wrong? As I soon found out: just about everything.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Within minutes of reading the instructions for his new drone, my son headed outside for his first flight. A few seconds after he managed a shaky takeoff, the drone was caught up by the wind and completely out of his control. Before we knew it, the drone was out of sight, and we had no idea how to bring it down.</span></p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">We took off on foot to see if it had come down. It had—smashed to pieces on top of a car a few blocks away. The drone was destroyed. The car was pretty banged up, too. Now what?</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">What I Did after The Crash</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Like many recreational drone users, I had no idea what I was getting into. I didn’t know how difficult these “toys” could be to operate. I didn’t know how common “flyaways” were (check YouTube if you don’t believe me). And I certainly didn’t think about being on the hook for thousands of dollars (or more) if my out-of-control drone crashed.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">My son and I found the owner of the damaged car and made our apologies, along with a promise to pay for the damage. The car’s owner suggested I file an insurance claim, but did I even have coverage for this type of thing? Truthfully, I hadn’t thought much about recreational drone insurance, but now I was hoping that I had some type coverage for the damage we caused to the car—not to mention the destroyed drone.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">I talked with my insurance company and luckily I was able to file a claim. In the end, I learned a lot about the importance of talking to my insurance agent before I purchase an item like a drone. And I learned that drones can cause a lot of damage—and can even injure people. Taking my son’s drone lightly was a huge mistake.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Check Your Coverage Before You Buy A Drone</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">I quickly found out that while I had some coverage for the drone crash, I was going to have to pay out-of-pocket too. My insurance company covered the damage to my neighbor’s car (thank goodness), but it did not pay for repair or replacement of the drone.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Here’s how it works. Most <a data-item-id=\"baedaa8b-1314-547d-b69c-b82cffb3083c\" href=\"https://www.trustedchoice.com/homeowners-insurance/\" style=\"color: #000000;\">homeowners insurance</a> policies, like mine, will pay your claim if you or a member of your family harms someone else or their property with a drone. This type of incident falls under the liability portion of a homeowners or renters insurance policy for the following types of claims:</span></p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\"><strong>Property damage:</strong> If you damage someone else’s property (e.g., my neighbor’s car) with your drone, your insurance policy likely will pay for the damage. In my case, my homeowners policy covered the damage to the car.</span></li>\n<li><span style=\"color: #000000;\"><strong>Bodily injury:</strong> If you injure someone with your drone (e.g., my son crashes his drone into a person instead of a car), your insurance policy likely will pay for their medical expenses. My homeowners insurance would have covered injuries to others, too.</span></li>\n</ul>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><em><strong>But you still need to check with your specific policy.</strong></em> Many home insurance policies specifically exclude coverage for aircraft, but radio-controlled model aircraft usually are covered. How your home or renters policy defines “aircraft” and whether that definition applies to your drone will determine whether  you have liability coverage for drone-related incidents. This is very important to find out <em><strong>before</strong></em> you fly your drone. If my insurance company had defined my drone as an excluded aircraft, my claim would not have been paid.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Remember, my homeowners insurance did not pay for damage to <em><strong>my own drone</strong></em>. But if the drone had been damaged by a fire or stolen while it was in my garage, it would have been covered under the contents portion of my homeowners insurance policy. Under those circumstances, my drone would be no different than any other item in my home or garage. This is because homeowners policies typically offer coverage for items that are damaged or destroyed by certain types of “covered perils”—or causes of loss. These are typically events like storms, wind, hail, fire, theft, and vandalism. You will not find “drone crash” on the list of covered losses for your personal property.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep in mind that personal property coverage is subject to your deductible, and that your homeowners policy, like mine, may include a dollar limit. If your drone is worth more than the policy’s basic dollar limit, talk with your agent about purchasing additional personal property coverage for your drone.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Could It Get Worse? You Could Be Sued for Invasion of Privacy.</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you think crashing your drone is a problem, consider this. Invasion of privacy is a serious concern for recreational drone users. Drones with onboard cameras or other data collection capabilities can inadvertently “spy” on other people when taking pictures or video.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If my son’s drone captures photos of our neighbor sunbathing in the yard, she might be inclined to sue him (me) for invasion of privacy. I could be forced to pay her for damages. And the legal costs associated with any lawsuit can be devastating.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Could I file an insurance claim in this case? Yes. The personal injury liability portion of my homeowners insurance policy provides coverage (up to the policy limits) for invasion of privacy claims. I also have a personal umbrella policy, which would also provide coverage for an invasion of privacy claim if the damages exceeded the liability coverage limit of my homeowners policy.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep in mind that insurance policies exclude coverage for intentional acts. If my son purposely posted the aerial photos of our neighbor on social media, I suspect my insurance company would tell me to go fly a kite.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Meanwhile, many people are rightly concerned about drones and privacy. If you or anyone in your family plans to fly a recreational drone, be aware of the privacy concerns and steer clear of any activities that could put you at risk for this kind of lawsuit.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Should I Purchase Additional Recreational Drone Insurance?</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Homeowners or renters insurance is probably sufficient for most recreational drone users. But if you plan to fly your drone often, or you frequently fly in an area where there is a higher probably of causing injury or property damage, you may want to consider additional coverage.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">You can purchase a drone insurance policy that goes above and beyond what is in your home or renters policy, including medical and accidental death coverage for your own injuries (not covered under home insurance), as well as additional liability coverage. This coverage would kick in after any other coverage you have has been exhausted.</span></p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you fly a drone for business purposes, your homeowners or renters policy does not apply. Commercial drone operators need special commercial drone insurance.</span></p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">Drone Regulations and Safety Tips</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Since my son’s hasty, unprepared, and totally ignorant first drone flight, we have both learned a lot. We won’t be flying again until we: a) save up to purchase a new drone, and b) have reviewed and complied with all regulatory and safety guidelines, including:</span></p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\">Recreational drones that weigh more than 0.55 pounds must be registered with the FAA for a $5 fee. Keep your registration certificate in your possession at all times when operating your drone. Your registration must be renewed every three years.</span></li>\n<li><span style=\"color: #000000;\">Don’t fly your recreational drone above 400 feet, and keep it within your line of sight at all times.</span></li>\n<li><span style=\"color: #000000;\">Don’t fly within five miles of an airport unless you contact the airport and control tower first. Steer clear of other restricted areas (e.g., the White House, military installations).</span></li>\n<li><span style=\"color: #000000;\">Let your neighbors know about your drone to avoid causing any alarm.</span></li>\n<li><span style=\"color: #000000;\">Avoid flying near people, crowds, or stadiums.</span></li>\n<li><span style=\"color: #000000;\">Unmanned aircraft that weigh over 55 pounds require special registration and permission.</span></li>\n</ul>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000000;\">How to Insure Your Recreational Drone</span></h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Hobby drone insurance is new and evolving. While you may be able to get all the coverage you need with your home or renters insurance policy, don’t rely on assumptions. Your best bet is to get the advice of a knowledgeable independent Trusted Choice® insurance agent. A local agent can help you assess your existing overage, and if necessary, can work with multiple insurance companies to find the right policy for your drone.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/drones/\">click here<span style=\"color: #000000;\">.</span></a></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What I Learned after Crashing My Drone','','inherit','closed','closed','','980-revision-v1','','','2020-11-28 00:34:38','2020-11-28 00:34:38','',980,'http://smartinsurance.tips/980-revision-v1/',0,'revision','',0),(990,1,'2020-11-28 00:35:50','2020-11-28 00:35:50','<!-- wp:divi/placeholder /-->','Fine Art Insurance','','inherit','closed','closed','','989-revision-v1','','','2020-11-28 00:35:50','2020-11-28 00:35:50','',989,'http://smartinsurance.tips/989-revision-v1/',0,'revision','',0),(992,1,'2020-11-28 00:40:21','2020-11-28 00:40:21','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Fine Art Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/748a86c6-f703-481e-a565-2ca95befb488/fine-art-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Fine Art Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">It can sound so senseless when art theft makes the news. Beautiful works of art done by famous artists that bring joy to audiences disappearing into oblivion? Unthinkable. Most of the time, thieves steal art for ransom or resale, which can be a very profitable enterprise. </span></p>\n<p><span style=\"color: #000000;\">Most of the time, fine art pieces are lightweight and easy to move, making this a relatively low-risk undertaking for some thieves. Art loss isn\'t just something that plagues museums. Private estates can be targeted as well, especially since they don\'t usually have the security measures that galleries do.</span></p>\n<p><span style=\"color: #000000;\">Fine art collectors sometimes know the value of their collections, but more often they don’t. What\'s more, the value of a collection can increase with time. Whether your collection was passed down to you or you personally sought out each piece, your fine art has value and should be protected.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">The Reason Fine Art Insurance Is Important</span></h3>\n<p><span style=\"color: #000000;\">Although it’s unpleasant to imagine worst-case scenarios, considering what might happen is often a necessary part of evaluating your insurance needs. </span></p>\n<p><span style=\"color: #000000;\">The good news is that fine art insurance coverage can help protect your artwork collection. Many fine art owners like you rely on insurance for artwork to cover theft or unexpected damage to their collections.</span></p>\n<p><span style=\"color: #000000;\">In addition to theft, fine art home insurance policies may cover fire, accidental breakage and loss from severe weather. Be sure to read your policy carefully, as you may need a separate flood insurance policy to be protected in the event of flooding. </span></p>\n<p><span style=\"color: #000000;\">Fine art policies can also include transportation coverage. This can be especially beneficial because a significant 5% to 10% of art collection claims are a result of damage or loss to the pieces during transit.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Cover Fine Art?</span></h3>\n<p><span style=\"color: #000000;\">If you’re assuming that your homeowners insurance will cover your fine art, you may be disappointed. Most standard homeowners policies have a cap, per insurance category, on the amount of personal property coverage provided. </span></p>\n<p><span style=\"color: #000000;\">Typically, this restricted amount is not nearly enough to cover a fine art collection or set of collectibles.</span></p>\n<p><span style=\"color: #000000;\">The coverage in your homeowners policy will probably not be adequate if you have high-value artwork. In addition, general homeowners insurance policies may have more exclusions, further limiting when and how a potential claim is paid out.</span></p>\n<p><span style=\"color: #000000;\">Additional fine art insurance is often a better option for many fine art collectors or owners. You can opt to insure items individually on floater policies or purchase broader valuable item insurance. </span></p>\n<p><span style=\"color: #000000;\">Have your art regularly appraised and keep an updated inventory of items. Both of these steps can help you determine which insurance coverage might be best for you.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Finding the Right Fine Art Insurance</span></h3>\n<p><span style=\"color: #000000;\">Appraising your artwork is an important first step toward protecting your collection. The next step is to meet with a knowledgeable agent who knows how to find the right coverage and insurance company to protect your investments. Your collection is unique, so your insurance coverage should be tailor-made for you.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Fine Art Insurance','','inherit','closed','closed','','989-revision-v1','','','2020-11-28 00:40:21','2020-11-28 00:40:21','',989,'http://smartinsurance.tips/989-revision-v1/',0,'revision','',0),(998,1,'2020-11-28 00:45:48','2020-11-28 00:45:48','<!-- wp:divi/placeholder /-->','Finding the Best Jewelry Insurance','','inherit','closed','closed','','996-revision-v1','','','2020-11-28 00:45:48','2020-11-28 00:45:48','',996,'http://smartinsurance.tips/996-revision-v1/',0,'revision','',0),(994,1,'2020-11-28 00:40:50','2020-11-28 00:40:50','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Fine Art Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/748a86c6-f703-481e-a565-2ca95befb488/fine-art-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Fine Art Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">It can sound so senseless when art theft makes the news. Beautiful works of art done by famous artists that bring joy to audiences disappearing into oblivion? Unthinkable. Most of the time, thieves steal art for ransom or resale, which can be a very profitable enterprise. </span></p>\n<p><span style=\"color: #000000;\">Most of the time, fine art pieces are lightweight and easy to move, making this a relatively low-risk undertaking for some thieves. Art loss isn\'t just something that plagues museums. Private estates can be targeted as well, especially since they don\'t usually have the security measures that galleries do.</span></p>\n<p><span style=\"color: #000000;\">Fine art collectors sometimes know the value of their collections, but more often they don’t. What\'s more, the value of a collection can increase with time. Whether your collection was passed down to you or you personally sought out each piece, your fine art has value and should be protected.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">The Reason Fine Art Insurance Is Important</span></h3>\n<p><span style=\"color: #000000;\">Although it’s unpleasant to imagine worst-case scenarios, considering what might happen is often a necessary part of evaluating your insurance needs. </span></p>\n<p><span style=\"color: #000000;\">The good news is that fine art insurance coverage can help protect your artwork collection. Many fine art owners like you rely on insurance for artwork to cover theft or unexpected damage to their collections.</span></p>\n<p><span style=\"color: #000000;\">In addition to theft, fine art home insurance policies may cover fire, accidental breakage and loss from severe weather. Be sure to read your policy carefully, as you may need a separate flood insurance policy to be protected in the event of flooding. </span></p>\n<p><span style=\"color: #000000;\">Fine art policies can also include transportation coverage. This can be especially beneficial because a significant 5% to 10% of art collection claims are a result of damage or loss to the pieces during transit.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Cover Fine Art?</span></h3>\n<p><span style=\"color: #000000;\">If you’re assuming that your homeowners insurance will cover your fine art, you may be disappointed. Most standard homeowners policies have a cap, per insurance category, on the amount of personal property coverage provided. </span></p>\n<p><span style=\"color: #000000;\">Typically, this restricted amount is not nearly enough to cover a fine art collection or set of collectibles.</span></p>\n<p><span style=\"color: #000000;\">The coverage in your homeowners policy will probably not be adequate if you have high-value artwork. In addition, general homeowners insurance policies may have more exclusions, further limiting when and how a potential claim is paid out.</span></p>\n<p><span style=\"color: #000000;\">Additional fine art insurance is often a better option for many fine art collectors or owners. You can opt to insure items individually on floater policies or purchase broader valuable item insurance. </span></p>\n<p><span style=\"color: #000000;\">Have your art regularly appraised and keep an updated inventory of items. Both of these steps can help you determine which insurance coverage might be best for you.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Finding the Right Fine Art Insurance</span></h3>\n<p><span style=\"color: #000000;\">Appraising your artwork is an important first step toward protecting your collection. The next step is to meet with a knowledgeable agent who knows how to find the right coverage and insurance company to protect your investments. Your collection is unique, so your insurance coverage should be tailor-made for you.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Fine Art Insurance','','inherit','closed','closed','','989-revision-v1','','','2020-11-28 00:40:50','2020-11-28 00:40:50','',989,'http://smartinsurance.tips/989-revision-v1/',0,'revision','',0),(989,1,'2020-11-28 00:35:50','2020-11-28 00:35:50','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Fine Art Insurance</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/748a86c6-f703-481e-a565-2ca95befb488/fine-art-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Fine Art Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">It can sound so senseless when art theft makes the news. Beautiful works of art done by famous artists that bring joy to audiences disappearing into oblivion? Unthinkable. Most of the time, thieves steal art for ransom or resale, which can be a very profitable enterprise. </span></p>\n<p><span style=\"color: #000000;\">Most of the time, fine art pieces are lightweight and easy to move, making this a relatively low-risk undertaking for some thieves. Art loss isn\'t just something that plagues museums. Private estates can be targeted as well, especially since they don\'t usually have the security measures that galleries do.</span></p>\n<p><span style=\"color: #000000;\">Fine art collectors sometimes know the value of their collections, but more often they don’t. What\'s more, the value of a collection can increase with time. Whether your collection was passed down to you or you personally sought out each piece, your fine art has value and should be protected.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">The Reason Fine Art Insurance Is Important</span></h3>\n<p><span style=\"color: #000000;\">Although it’s unpleasant to imagine worst-case scenarios, considering what might happen is often a necessary part of evaluating your insurance needs. </span></p>\n<p><span style=\"color: #000000;\">The good news is that fine art insurance coverage can help protect your artwork collection. Many fine art owners like you rely on insurance for artwork to cover theft or unexpected damage to their collections.</span></p>\n<p><span style=\"color: #000000;\">In addition to theft, fine art home insurance policies may cover fire, accidental breakage and loss from severe weather. Be sure to read your policy carefully, as you may need a separate flood insurance policy to be protected in the event of flooding. </span></p>\n<p><span style=\"color: #000000;\">Fine art policies can also include transportation coverage. This can be especially beneficial because a significant 5% to 10% of art collection claims are a result of damage or loss to the pieces during transit.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Cover Fine Art?</span></h3>\n<p><span style=\"color: #000000;\">If you’re assuming that your homeowners insurance will cover your fine art, you may be disappointed. Most standard homeowners policies have a cap, per insurance category, on the amount of personal property coverage provided. </span></p>\n<p><span style=\"color: #000000;\">Typically, this restricted amount is not nearly enough to cover a fine art collection or set of collectibles.</span></p>\n<p><span style=\"color: #000000;\">The coverage in your homeowners policy will probably not be adequate if you have high-value artwork. In addition, general homeowners insurance policies may have more exclusions, further limiting when and how a potential claim is paid out.</span></p>\n<p><span style=\"color: #000000;\">Additional fine art insurance is often a better option for many fine art collectors or owners. You can opt to insure items individually on floater policies or purchase broader valuable item insurance. </span></p>\n<p><span style=\"color: #000000;\">Have your art regularly appraised and keep an updated inventory of items. Both of these steps can help you determine which insurance coverage might be best for you.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Finding the Right Fine Art Insurance</span></h3>\n<p><span style=\"color: #000000;\">Appraising your artwork is an important first step toward protecting your collection. The next step is to meet with a knowledgeable agent who knows how to find the right coverage and insurance company to protect your investments. Your collection is unique, so your insurance coverage should be tailor-made for you.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/fine-art/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Fine Art Insurance','','publish','closed','closed','','fine-art-insurance','','','2020-11-28 00:44:01','2020-11-28 00:44:01','',0,'http://smartinsurance.tips/?page_id=989',0,'page','',0),(997,1,'2020-11-28 00:44:01','2020-11-28 00:44:01','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Fine Art Insurance</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/748a86c6-f703-481e-a565-2ca95befb488/fine-art-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Fine Art Insurance\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\">It can sound so senseless when art theft makes the news. Beautiful works of art done by famous artists that bring joy to audiences disappearing into oblivion? Unthinkable. Most of the time, thieves steal art for ransom or resale, which can be a very profitable enterprise. </span></p>\n<p><span style=\"color: #000000;\">Most of the time, fine art pieces are lightweight and easy to move, making this a relatively low-risk undertaking for some thieves. Art loss isn\'t just something that plagues museums. Private estates can be targeted as well, especially since they don\'t usually have the security measures that galleries do.</span></p>\n<p><span style=\"color: #000000;\">Fine art collectors sometimes know the value of their collections, but more often they don’t. What\'s more, the value of a collection can increase with time. Whether your collection was passed down to you or you personally sought out each piece, your fine art has value and should be protected.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">The Reason Fine Art Insurance Is Important</span></h3>\n<p><span style=\"color: #000000;\">Although it’s unpleasant to imagine worst-case scenarios, considering what might happen is often a necessary part of evaluating your insurance needs. </span></p>\n<p><span style=\"color: #000000;\">The good news is that fine art insurance coverage can help protect your artwork collection. Many fine art owners like you rely on insurance for artwork to cover theft or unexpected damage to their collections.</span></p>\n<p><span style=\"color: #000000;\">In addition to theft, fine art home insurance policies may cover fire, accidental breakage and loss from severe weather. Be sure to read your policy carefully, as you may need a separate flood insurance policy to be protected in the event of flooding. </span></p>\n<p><span style=\"color: #000000;\">Fine art policies can also include transportation coverage. This can be especially beneficial because a significant 5% to 10% of art collection claims are a result of damage or loss to the pieces during transit.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Does Homeowners Insurance Cover Fine Art?</span></h3>\n<p><span style=\"color: #000000;\">If you’re assuming that your homeowners insurance will cover your fine art, you may be disappointed. Most standard homeowners policies have a cap, per insurance category, on the amount of personal property coverage provided. </span></p>\n<p><span style=\"color: #000000;\">Typically, this restricted amount is not nearly enough to cover a fine art collection or set of collectibles.</span></p>\n<p><span style=\"color: #000000;\">The coverage in your homeowners policy will probably not be adequate if you have high-value artwork. In addition, general homeowners insurance policies may have more exclusions, further limiting when and how a potential claim is paid out.</span></p>\n<p><span style=\"color: #000000;\">Additional fine art insurance is often a better option for many fine art collectors or owners. You can opt to insure items individually on floater policies or purchase broader valuable item insurance. </span></p>\n<p><span style=\"color: #000000;\">Have your art regularly appraised and keep an updated inventory of items. Both of these steps can help you determine which insurance coverage might be best for you.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Finding the Right Fine Art Insurance</span></h3>\n<p><span style=\"color: #000000;\">Appraising your artwork is an important first step toward protecting your collection. The next step is to meet with a knowledgeable agent who knows how to find the right coverage and insurance company to protect your investments. Your collection is unique, so your insurance coverage should be tailor-made for you.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/fine-art/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Fine Art Insurance','','inherit','closed','closed','','989-revision-v1','','','2020-11-28 00:44:01','2020-11-28 00:44:01','',989,'http://smartinsurance.tips/989-revision-v1/',0,'revision','',0),(996,1,'2020-11-28 00:51:12','2020-11-28 00:51:12','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Finding the Best Jewelry Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p> <img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/30c53243-5c5f-45aa-950e-7b53486bb054/jewelry-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Cheerful man presents engagement ring to woman as they get engaged in the cafe\" /></p>\n<p><span style=\"color: #000000;\">Got a jewelry box that could make a treasure chest blush? Or maybe you found the Heart of the Ocean necklace from Titanic. No matter what kind of jewelry you’re holding onto, it deserves to be protected, doesn’t it?</span></p>\n<p><span style=\"color: #000000;\">But maybe you think it costs too much to insure—it really doesn’t. Or maybe you don’t think it’s worth the hassle—it is, and it’s actually pretty simple.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Is Jewelry Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Simply put, jewelry insurance is a policy designed to cover your jewelry (any kind you specify – from rings to Rolexes, it\'s all good). </span></p>\n<p><span style=\"color: #000000;\">In exchange for the premiums you pay, your insurance carrier will reimburse your financial losses – or even replace the item – in the event of theft, mysterious disappearance, or damage up to its specified value.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Is My Jewelry Covered under Homeowners Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Yes, but coverage under your homeowners policy is limited to only a small number of causes, like theft, and has a cap of $1,500. </span></p>\n<p><span style=\"color: #000000;\">If you want to make sure you’re covered for the full value (should a super-expensive bauble get stolen, for example), you’ll need an additional policy or endorsement.</span></p>\n<p><span style=\"color: #000000;\"> <img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d35fe27d-8368-4388-a91d-5dac6c4b9e81/jewelry-insurance.png\" alt=\"cover your jewelry\" /></span></p>\n<p><span style=\"color: #000000;\">A more comprehensive coverage option is to schedule personal property coverage. This covers a greater number of risks and will generally cover the full value of higher-priced items that exceed the regular policy\'s limit. </span></p>\n<p><span style=\"color: #000000;\">The scheduling process involves listing each specific item to be covered and its value – determined by an appraisal.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Exactly Does Jewelry Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">Most everyone\'s main concern, when it comes to jewelry, is potential theft - but they\'re also worried about losing it. Luckily, jewelry insurance covers the following, for all types of jewelry:</span></p>\n<figure data-asset-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" data-image-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/e4be8a28-9708-458b-b313-b8e0e4389129/what-does-jewelry-insurance-cover.png\" data-asset-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" data-image-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" alt=\"what does jewelry insurance cover\" /></span></figure>\n<h3><span style=\"color: #000000;\">How Do I Insure My Jewelry?</span></h3>\n<p><span style=\"color: #000000;\">First, you\'ll want to contact an insurance agent. They’ll run you through all the ins and outs of the entire ordeal, including:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Know what jewelry you want covered. </strong>Then call up your agent and let ‘em know — they’ll help you get things rollin\'. </span></li>\n<li><span style=\"color: #000000;\"><strong>Schedule an appraisal. </strong>Every local jeweler probably has expertise in appraisals – your agent might even be able to get you hooked up with one. Your insurance company will need to know the exact value of your jewels (based on quality/cut/etc.). This process (usually) isn\'t free, but it\'s a small price to pay to get to the protection your shiny things need.</span></li>\n<li><span style=\"color: #000000;\"><strong>Fill out the important paperwork</strong>. Submit the official, verifiable documents from the appraisal to your insurance company.</span></li>\n<li><span style=\"color: #000000;\"><strong>Hit \"redial\" and chat with your agent again.</strong> They\'ll be able to help you take it from here. </span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">How Much Does Jewelry Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">It depends on the coverage you want, your bling’s total value and location, and a few other factors. </span></p>\n<blockquote class=\"blockquote p-3 quote1 mb-50 m-p-0\">\n<p><span style=\"color: #000000;\">\"Increasing the theft limit on your homeowners insurance from $1,500 to $10,000, for example, would only add about $25 to your premium.\"</span></p>\n<footer class=\"blockquote-footer\"><span class=\"font-black\" style=\"color: #000000;\">Paul Martin</span></footer></blockquote>\n<p><span style=\"color: #000000;\">The cost to insure a single piece of jewelry will be around $1-$2 for every $100 in replacement cost. If the jewelry in question would cost around $10,000, then the premium would be around $150, on average. </span></p>\n<p><span style=\"color: #000000;\">If you\'ve got lots of big items scheduled, though, the cost can add up to thousands or even millions per year, if you\'re some kind of Hollywood A-Lister. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Is Jewelry Insurance Worth the Cost?</span></h3>\n<p><span style=\"color: #000000;\">If all your jewels and jinglies have a value of over $1,500 and you tend to drop, lose or misplace items on a regular basis, then yes, it’s completely worth it. </span></p>\n<p><span style=\"color: #000000;\">Also, Martin points out that a lot of jewelry has sentimental value. So, protection could be worth it based on the fact that the item(s) have meaning for you, alone.</span></p>\n<p><span style=\"color: #000000;\">If you’re still weighing your decision, it’s best to just ask yourself, \"How easily can I afford to replace an item or all the items if something happens to them?\" If the answer is “Not easily,” get the insurance.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/jewelry/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best Jewelry Insurance','','publish','closed','closed','','finding-the-best-jewelry-insurance','','','2020-11-28 00:53:42','2020-11-28 00:53:42','',0,'http://smartinsurance.tips/?page_id=996',0,'page','',0),(1004,1,'2020-11-28 00:53:41','2020-11-28 00:53:41','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Finding the Best Jewelry Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p> <img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/30c53243-5c5f-45aa-950e-7b53486bb054/jewelry-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Cheerful man presents engagement ring to woman as they get engaged in the cafe\" /></p>\n<p><span style=\"color: #000000;\">Got a jewelry box that could make a treasure chest blush? Or maybe you found the Heart of the Ocean necklace from Titanic. No matter what kind of jewelry you’re holding onto, it deserves to be protected, doesn’t it?</span></p>\n<p><span style=\"color: #000000;\">But maybe you think it costs too much to insure—it really doesn’t. Or maybe you don’t think it’s worth the hassle—it is, and it’s actually pretty simple.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Is Jewelry Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Simply put, jewelry insurance is a policy designed to cover your jewelry (any kind you specify – from rings to Rolexes, it\'s all good). </span></p>\n<p><span style=\"color: #000000;\">In exchange for the premiums you pay, your insurance carrier will reimburse your financial losses – or even replace the item – in the event of theft, mysterious disappearance, or damage up to its specified value.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Is My Jewelry Covered under Homeowners Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Yes, but coverage under your homeowners policy is limited to only a small number of causes, like theft, and has a cap of $1,500. </span></p>\n<p><span style=\"color: #000000;\">If you want to make sure you’re covered for the full value (should a super-expensive bauble get stolen, for example), you’ll need an additional policy or endorsement.</span></p>\n<p><span style=\"color: #000000;\"> <img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d35fe27d-8368-4388-a91d-5dac6c4b9e81/jewelry-insurance.png\" alt=\"cover your jewelry\" /></span></p>\n<p><span style=\"color: #000000;\">A more comprehensive coverage option is to schedule personal property coverage. This covers a greater number of risks and will generally cover the full value of higher-priced items that exceed the regular policy\'s limit. </span></p>\n<p><span style=\"color: #000000;\">The scheduling process involves listing each specific item to be covered and its value – determined by an appraisal.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Exactly Does Jewelry Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">Most everyone\'s main concern, when it comes to jewelry, is potential theft - but they\'re also worried about losing it. Luckily, jewelry insurance covers the following, for all types of jewelry:</span></p>\n<figure data-asset-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" data-image-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/e4be8a28-9708-458b-b313-b8e0e4389129/what-does-jewelry-insurance-cover.png\" data-asset-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" data-image-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" alt=\"what does jewelry insurance cover\" /></span></figure>\n<h3><span style=\"color: #000000;\">How Do I Insure My Jewelry?</span></h3>\n<p><span style=\"color: #000000;\">First, you\'ll want to contact an insurance agent. They’ll run you through all the ins and outs of the entire ordeal, including:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Know what jewelry you want covered. </strong>Then call up your agent and let ‘em know — they’ll help you get things rollin\'. </span></li>\n<li><span style=\"color: #000000;\"><strong>Schedule an appraisal. </strong>Every local jeweler probably has expertise in appraisals – your agent might even be able to get you hooked up with one. Your insurance company will need to know the exact value of your jewels (based on quality/cut/etc.). This process (usually) isn\'t free, but it\'s a small price to pay to get to the protection your shiny things need.</span></li>\n<li><span style=\"color: #000000;\"><strong>Fill out the important paperwork</strong>. Submit the official, verifiable documents from the appraisal to your insurance company.</span></li>\n<li><span style=\"color: #000000;\"><strong>Hit \"redial\" and chat with your agent again.</strong> They\'ll be able to help you take it from here. </span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">How Much Does Jewelry Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">It depends on the coverage you want, your bling’s total value and location, and a few other factors. </span></p>\n<blockquote class=\"blockquote p-3 quote1 mb-50 m-p-0\">\n<p><span style=\"color: #000000;\">\"Increasing the theft limit on your homeowners insurance from $1,500 to $10,000, for example, would only add about $25 to your premium.\"</span></p>\n<footer class=\"blockquote-footer\"><span class=\"font-black\" style=\"color: #000000;\">Paul Martin</span></footer></blockquote>\n<p><span style=\"color: #000000;\">The cost to insure a single piece of jewelry will be around $1-$2 for every $100 in replacement cost. If the jewelry in question would cost around $10,000, then the premium would be around $150, on average. </span></p>\n<p><span style=\"color: #000000;\">If you\'ve got lots of big items scheduled, though, the cost can add up to thousands or even millions per year, if you\'re some kind of Hollywood A-Lister. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Is Jewelry Insurance Worth the Cost?</span></h3>\n<p><span style=\"color: #000000;\">If all your jewels and jinglies have a value of over $1,500 and you tend to drop, lose or misplace items on a regular basis, then yes, it’s completely worth it. </span></p>\n<p><span style=\"color: #000000;\">Also, Martin points out that a lot of jewelry has sentimental value. So, protection could be worth it based on the fact that the item(s) have meaning for you, alone.</span></p>\n<p><span style=\"color: #000000;\">If you’re still weighing your decision, it’s best to just ask yourself, \"How easily can I afford to replace an item or all the items if something happens to them?\" If the answer is “Not easily,” get the insurance.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/jewelry/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best Jewelry Insurance','','inherit','closed','closed','','996-revision-v1','','','2020-11-28 00:53:41','2020-11-28 00:53:41','',996,'http://smartinsurance.tips/996-revision-v1/',0,'revision','',0),(1000,1,'2020-11-28 00:51:12','2020-11-28 00:51:12','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Finding the Best Jewelry Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p> <img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/30c53243-5c5f-45aa-950e-7b53486bb054/jewelry-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Cheerful man presents engagement ring to woman as they get engaged in the cafe\" /></p>\n<p><span style=\"color: #000000;\">Got a jewelry box that could make a treasure chest blush? Or maybe you found the Heart of the Ocean necklace from Titanic. No matter what kind of jewelry you’re holding onto, it deserves to be protected, doesn’t it?</span></p>\n<p><span style=\"color: #000000;\">But maybe you think it costs too much to insure—it really doesn’t. Or maybe you don’t think it’s worth the hassle—it is, and it’s actually pretty simple.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Is Jewelry Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Simply put, jewelry insurance is a policy designed to cover your jewelry (any kind you specify – from rings to Rolexes, it\'s all good). </span></p>\n<p><span style=\"color: #000000;\">In exchange for the premiums you pay, your insurance carrier will reimburse your financial losses – or even replace the item – in the event of theft, mysterious disappearance, or damage up to its specified value.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Is My Jewelry Covered under Homeowners Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Yes, but coverage under your homeowners policy is limited to only a small number of causes, like theft, and has a cap of $1,500. </span></p>\n<p><span style=\"color: #000000;\">If you want to make sure you’re covered for the full value (should a super-expensive bauble get stolen, for example), you’ll need an additional policy or endorsement.</span></p>\n<p><span style=\"color: #000000;\"> <img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d35fe27d-8368-4388-a91d-5dac6c4b9e81/jewelry-insurance.png\" alt=\"cover your jewelry\" /></span></p>\n<p><span style=\"color: #000000;\">A more comprehensive coverage option is to schedule personal property coverage. This covers a greater number of risks and will generally cover the full value of higher-priced items that exceed the regular policy\'s limit. </span></p>\n<p><span style=\"color: #000000;\">The scheduling process involves listing each specific item to be covered and its value – determined by an appraisal.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Exactly Does Jewelry Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">Most everyone\'s main concern, when it comes to jewelry, is potential theft - but they\'re also worried about losing it. Luckily, jewelry insurance covers the following, for all types of jewelry:</span></p>\n<figure data-asset-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" data-image-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/e4be8a28-9708-458b-b313-b8e0e4389129/what-does-jewelry-insurance-cover.png\" data-asset-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" data-image-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" alt=\"what does jewelry insurance cover\" /></span></figure>\n<h3><span style=\"color: #000000;\">How Do I Insure My Jewelry?</span></h3>\n<p><span style=\"color: #000000;\">First, you\'ll want to contact an insurance agent. They’ll run you through all the ins and outs of the entire ordeal, including:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Know what jewelry you want covered. </strong>Then call up your independent agent and let ‘em know — they’ll help you get things rollin\'. </span></li>\n<li><span style=\"color: #000000;\"><strong>Schedule an appraisal. </strong>Every local jeweler probably has expertise in appraisals – your agent might even be able to get you hooked up with one. Your insurance company will need to know the exact value of your jewels (based on quality/cut/etc.). This process (usually) isn\'t free, but it\'s a small price to pay to get to the protection your shiny things need.</span></li>\n<li><span style=\"color: #000000;\"><strong>Fill out the important paperwork</strong>. Submit the official, verifiable documents from the appraisal to your insurance company.</span></li>\n<li><span style=\"color: #000000;\"><strong>Hit \"redial\" and chat with your agent again.</strong> They\'ll be able to help you take it from here. </span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">How Much Does Jewelry Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">It depends on the coverage you want, your bling’s total value and location, and a few other factors. </span></p>\n<blockquote class=\"blockquote p-3 quote1 mb-50 m-p-0\">\n<p><span style=\"color: #000000;\">\"Increasing the theft limit on your homeowners insurance from $1,500 to $10,000, for example, would only add about $25 to your premium.\"</span></p>\n<footer class=\"blockquote-footer\"><span class=\"font-black\" style=\"color: #000000;\">Paul Martin</span></footer></blockquote>\n<p><span style=\"color: #000000;\">The cost to insure a single piece of jewelry will be around $1-$2 for every $100 in replacement cost. If the jewelry in question would cost around $10,000, then the premium would be around $150, on average. </span></p>\n<p><span style=\"color: #000000;\">If you\'ve got lots of big items scheduled, though, the cost can add up to thousands or even millions per year, if you\'re some kind of Hollywood A-Lister. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Is Jewelry Insurance Worth the Cost?</span></h3>\n<p><span style=\"color: #000000;\">If all your jewels and jinglies have a value of over $1,500 and you tend to drop, lose or misplace items on a regular basis, then yes, it’s completely worth it. </span></p>\n<p><span style=\"color: #000000;\">Also, Martin points out that a lot of jewelry has sentimental value. So, protection could be worth it based on the fact that the item(s) have meaning for you, alone.</span></p>\n<p><span style=\"color: #000000;\">If you’re still weighing your decision, it’s best to just ask yourself, \"How easily can I afford to replace an item or all the items if something happens to them?\" If the answer is “Not easily,” get the insurance.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://smallbiztrends.com/2020/09/10-tiny-pivots-to-make-your-small-business-more-effective.html\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best Jewelry Insurance','','inherit','closed','closed','','996-revision-v1','','','2020-11-28 00:51:12','2020-11-28 00:51:12','',996,'http://smartinsurance.tips/996-revision-v1/',0,'revision','',0),(1002,1,'2020-11-28 00:51:39','2020-11-28 00:51:39','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Finding the Best Jewelry Insurance</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p> <img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/30c53243-5c5f-45aa-950e-7b53486bb054/jewelry-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Cheerful man presents engagement ring to woman as they get engaged in the cafe\" /></p>\n<p><span style=\"color: #000000;\">Got a jewelry box that could make a treasure chest blush? Or maybe you found the Heart of the Ocean necklace from Titanic. No matter what kind of jewelry you’re holding onto, it deserves to be protected, doesn’t it?</span></p>\n<p><span style=\"color: #000000;\">But maybe you think it costs too much to insure—it really doesn’t. Or maybe you don’t think it’s worth the hassle—it is, and it’s actually pretty simple.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Is Jewelry Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Simply put, jewelry insurance is a policy designed to cover your jewelry (any kind you specify – from rings to Rolexes, it\'s all good). </span></p>\n<p><span style=\"color: #000000;\">In exchange for the premiums you pay, your insurance carrier will reimburse your financial losses – or even replace the item – in the event of theft, mysterious disappearance, or damage up to its specified value.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Is My Jewelry Covered under Homeowners Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Yes, but coverage under your homeowners policy is limited to only a small number of causes, like theft, and has a cap of $1,500. </span></p>\n<p><span style=\"color: #000000;\">If you want to make sure you’re covered for the full value (should a super-expensive bauble get stolen, for example), you’ll need an additional policy or endorsement.</span></p>\n<p><span style=\"color: #000000;\"> <img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/d35fe27d-8368-4388-a91d-5dac6c4b9e81/jewelry-insurance.png\" alt=\"cover your jewelry\" /></span></p>\n<p><span style=\"color: #000000;\">A more comprehensive coverage option is to schedule personal property coverage. This covers a greater number of risks and will generally cover the full value of higher-priced items that exceed the regular policy\'s limit. </span></p>\n<p><span style=\"color: #000000;\">The scheduling process involves listing each specific item to be covered and its value – determined by an appraisal.</span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What Exactly Does Jewelry Insurance Cover?</span></h3>\n<p><span style=\"color: #000000;\">Most everyone\'s main concern, when it comes to jewelry, is potential theft - but they\'re also worried about losing it. Luckily, jewelry insurance covers the following, for all types of jewelry:</span></p>\n<figure data-asset-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" data-image-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/e4be8a28-9708-458b-b313-b8e0e4389129/what-does-jewelry-insurance-cover.png\" data-asset-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" data-image-id=\"9e379d32-e95b-44f3-a6a3-b2818a01c1fc\" alt=\"what does jewelry insurance cover\" /></span></figure>\n<h3><span style=\"color: #000000;\">How Do I Insure My Jewelry?</span></h3>\n<p><span style=\"color: #000000;\">First, you\'ll want to contact an insurance agent. They’ll run you through all the ins and outs of the entire ordeal, including:</span></p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Know what jewelry you want covered. </strong>Then call up your independent agent and let ‘em know — they’ll help you get things rollin\'. </span></li>\n<li><span style=\"color: #000000;\"><strong>Schedule an appraisal. </strong>Every local jeweler probably has expertise in appraisals – your agent might even be able to get you hooked up with one. Your insurance company will need to know the exact value of your jewels (based on quality/cut/etc.). This process (usually) isn\'t free, but it\'s a small price to pay to get to the protection your shiny things need.</span></li>\n<li><span style=\"color: #000000;\"><strong>Fill out the important paperwork</strong>. Submit the official, verifiable documents from the appraisal to your insurance company.</span></li>\n<li><span style=\"color: #000000;\"><strong>Hit \"redial\" and chat with your agent again.</strong> They\'ll be able to help you take it from here. </span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">How Much Does Jewelry Insurance Cost?</span></h3>\n<p><span style=\"color: #000000;\">It depends on the coverage you want, your bling’s total value and location, and a few other factors. </span></p>\n<blockquote class=\"blockquote p-3 quote1 mb-50 m-p-0\">\n<p><span style=\"color: #000000;\">\"Increasing the theft limit on your homeowners insurance from $1,500 to $10,000, for example, would only add about $25 to your premium.\"</span></p>\n<footer class=\"blockquote-footer\"><span class=\"font-black\" style=\"color: #000000;\">Paul Martin</span></footer></blockquote>\n<p><span style=\"color: #000000;\">The cost to insure a single piece of jewelry will be around $1-$2 for every $100 in replacement cost. If the jewelry in question would cost around $10,000, then the premium would be around $150, on average. </span></p>\n<p><span style=\"color: #000000;\">If you\'ve got lots of big items scheduled, though, the cost can add up to thousands or even millions per year, if you\'re some kind of Hollywood A-Lister. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Is Jewelry Insurance Worth the Cost?</span></h3>\n<p><span style=\"color: #000000;\">If all your jewels and jinglies have a value of over $1,500 and you tend to drop, lose or misplace items on a regular basis, then yes, it’s completely worth it. </span></p>\n<p><span style=\"color: #000000;\">Also, Martin points out that a lot of jewelry has sentimental value. So, protection could be worth it based on the fact that the item(s) have meaning for you, alone.</span></p>\n<p><span style=\"color: #000000;\">If you’re still weighing your decision, it’s best to just ask yourself, \"How easily can I afford to replace an item or all the items if something happens to them?\" If the answer is “Not easily,” get the insurance.</span></p>\n<p>&nbsp;</p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/contents-personal-property/jewelry/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Finding the Best Jewelry Insurance','','inherit','closed','closed','','996-revision-v1','','','2020-11-28 00:51:39','2020-11-28 00:51:39','',996,'http://smartinsurance.tips/996-revision-v1/',0,'revision','',0),(1005,1,'2020-11-28 00:54:53','2020-11-28 00:54:53','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Home Insurance Claims FAQ</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/24d309ba-521d-47aa-8338-a54ffcee8cd6/homeowners-insurance-related-articles.jpg\" style=\"float: right;\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Handling a homeowners insurance claim is a lot like handling a toddler. If you do it right, things can go pretty well. But do it wrong, and you’ll be dealing with major tantrums for years to come.</span></p>\n<h3><span style=\"color: #000000;\">When Should I File a Home Insurance Claim?</span></h3>\n<p><span style=\"color: #000000;\">If the damage/theft/incident was significant, you should file a claim right away. But if your old 10-speed bike (with only 3 remaining working speeds) was stolen, you may not want to file a claim. The value on your bike is probably insignificant compared to the risk of having your premiums go up. </span></p>\n<p><span style=\"color: #000000;\">So after any incident, try to weigh the possible premium increases against the possible out-of-pocket replacement costs to make a call about whether it’s worth the claim.</span></p>\n<h3><span style=\"color: #000000;\">How Do I File a Home Insurance Claim?</span></h3>\n<p><span style=\"color: #000000;\">If your home or property has sustained any kind of damage or loss, make sure you take photos of the damage with crime-show-detective-like detail. </span></p>\n<p><span style=\"color: #000000;\">Then, contact your home insurance company as soon as possible—whether that’s by phone or online. If you somehow don’t have access to your policy’s number or details, you can call your insurance agent for help.</span></p>\n<h3><span style=\"color: #000000;\">How Do I Know If the Damage Is Covered?</span></h3>\n<p><span style=\"color: #000000;\">First, check your policy documents. If you’re still unsure, you can go ahead and begin the claims process anyway. For example, flood damage is not covered by home insurance, but if your basement sustains significant water damage, it is not necessarily due to a flood and may be covered. </span></p>\n<p><span style=\"color: #000000;\">Case in point, if your hot-water heater leaks and damages your floors and walls or if a sump pump fails and your policy includes backup of sewage and drains coverage, you may be able to receive compensation. If your damages are not covered, your insurance company will let you know–you can’t lose just for asking.</span></p>\n<h3><span style=\"color: #000000;\">How Does the Deductible Work?</span></h3>\n<p><span style=\"color: #000000;\">Every home insurance policy has a deductible. Some deductibles are a dollar amount (typically $500 or $1,000), while others are percentage-based according to the value of your home (i.e., a home that is valued at $200,000 with a 1% percentage-based deductible would have a deductible of $2,000). </span></p>\n<p><span style=\"color: #000000;\">The deductible is the amount you have to pay out of pocket for damage repairs. Therefore, if you have a $500 deductible and your house sustains $10,000 worth of damage, your insurance company will reimburse you $9,500—simple as that.</span></p>\n<h3><span style=\"color: #000000;\">What If My Home Is Burglarized?</span></h3>\n<p><span style=\"color: #000000;\">Your first step is to ensure that you and your family are safe, and then call the police. When the police arrive, they will complete a report with all the important info regarding your situation. This report is necessary when you file your claim and will help expedite the whole process.</span></p>\n<p><span style=\"color: #000000;\">Make sure you also create a detailed list of your lost or damaged items, including their estimated values, and have that ready when you contact your insurance company. </span></p>\n<h3><span style=\"color: #000000;\">If My Home Was Damaged, Can I Start Repairs Right Away?</span></h3>\n<p><span style=\"color: #000000;\">If a natural disaster has caused significant damage to your home, you may be tempted to begin repairs right away. We get it, you just want your life back to normal. But doing so can mask a lot of the damage and will make it hard for an adjuster to make a fair estimate of the repair costs. </span></p>\n<p><span style=\"color: #000000;\">Temporary fixes that could help prevent any further damage are a good idea, but it’s best to wait until after the insurance adjuster has taken a good solid look at your property to make permanent repairs.</span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">Does My Home Insurance Cover Temporary Living Expenses?</span></h3>\n<p><span style=\"color: #000000;\">If your home is uninhabitable due to damage caused by a covered event, the additional living expense (ALE) portion of your home insurance will reimburse you. </span></p>\n<p><span style=\"color: #000000;\">Your policy will have a cap on how much ALE coverage it will provide, so it is best to handle your temporary arrangements as frugally as possible (think motel, not 5-star resort).</span></p>\n<p><span style=\"color: #000000;\">This coverage can include expenses such as:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Rent for your temporary housing</span></li>\n<li><span style=\"color: #000000;\">Boarding for your pets</span></li>\n<li><span style=\"color: #000000;\">Gas and mileage if you have to drive further to get to work or school</span></li>\n<li><span style=\"color: #000000;\">Dining at restaurants</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">It’s always best to verify with your insurance company exactly what is included in your ALE coverage before you go and rack up a big hotel or restaurant tab.</span></p>\n<h3><span style=\"color: #000000;\">When Will an Adjuster Come to My Home?</span></h3>\n<p><span style=\"color: #000000;\">This depends on a few factors, like the insurance company, the location of your home, and the extent of the damage. If a wildfire or hurricane causes wide-spread damage in your area, it may take a while for an adjuster to make it to your home. </span></p>\n<p><span style=\"color: #000000;\">If it is an isolated event, like an oopsie in the kitchen that led to a fire, your adjuster may arrive very quickly.</span></p>\n<h3><span style=\"color: #000000;\">How Do I Know the Claims Adjuster Isn’t Ripping Me Off?</span></h3>\n<p><span style=\"color: #000000;\">For contents claims, you can do a bit of homework in advance by looking up the replacement costs of your lost or destroyed property. If your policy includes replacement cost coverage, the amounts you give may be accepted by your insurer. </span></p>\n<p><span style=\"color: #000000;\">However, if you have an actual-value coverage policy, your adjuster will estimate a depreciated value of your property.</span></p>\n<p><span style=\"color: #000000;\">For property damage to your home, it’s a good idea to get a couple of repair estimates before your adjuster arrives. If possible, you may want to have a trustworthy contractor at your home at the same time—in case the adjuster’s estimates are wildly different from the amount you were quoted. </span></p>\n<p><span style=\"color: #000000;\">The contractor and adjuster can often work together to come to an agreement. Then everyone’s happy.</span></p>\n<h3><span style=\"color: #000000;\">What If I Don\'t Agree My Insurer’s Compensation?</span></h3>\n<p><span style=\"color: #000000;\">If you feel that the reimbursement your adjuster offered is way off, you can try contacting someone higher up in the insurance company to plead your case. </span></p>\n<p><span style=\"color: #000000;\">If that fails, you can appeal their decision through mediation, which is way more informal than going to court. </span></p>\n<p><span style=\"color: #000000;\"><em>NOTE: You may want to get help from an expert before going into mediation to increase your chances of a positive outcome.</em></span></p>\n<h3><span style=\"color: #000000;\">How Long Will It Take to Get My Money?</span></h3>\n<p><span style=\"color: #000000;\">This depends on your insurance company and the damage we’re talking about. In some cases, the insurance adjuster can cut you a check on the spot after assessing the damage. Other times, it may not be as easy, with a lot of back and forth and delay on your reimbursement. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\"></span></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-claims-faq/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Home Insurance Claims FAQ','','publish','closed','closed','','home-insurance-claims-faq','','','2020-11-28 01:01:09','2020-11-28 01:01:09','',0,'http://smartinsurance.tips/?page_id=1005',0,'page','',0),(1006,1,'2020-11-28 00:54:53','2020-11-28 00:54:53','<!-- wp:divi/placeholder /-->','Home Insurance Claims FAQ','','inherit','closed','closed','','1005-revision-v1','','','2020-11-28 00:54:53','2020-11-28 00:54:53','',1005,'http://smartinsurance.tips/1005-revision-v1/',0,'revision','',0),(1014,1,'2020-11-30 22:27:38','2020-11-30 22:27:38','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>What\'s Depreciation Got to Do with Homeowners Insurance?</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/b0aa879f-478b-4522-8b7a-72424defc2e1/home-depreciation-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Twilight exterior of home and landscape\" /></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Depreciation may seem like an intimidating idea but it’s really just a basic part of everyday life. In fact, you may already know that your four-bedroom, two-bath, brick abode and the majority of its contents (like furniture, TV, and dishwasher) could lose value over time because of things like age and use. </span></p>\n<p><span style=\"color: #000000;\">This loss in property value is commonly referred to as depreciation. </span></p>\n<p><span style=\"color: #000000;\">Home depreciation is also an important concept within the insurance world. That’s because it directly influences the claim amount paid by the carrier. Remember, depreciation doesn’t just apply to your home but anything with value like cars or boats. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">How Do Insurance Companies Calculate Depreciation? </span></h3>\n<p><span style=\"color: #000000;\">Calculating depreciation all starts with the property’s Replacement Cost Value (RCV) and its estimated life expectancy. The RCV is the current price of repairing or replacing an item with an equal item. As you probably know, life expectancy is the average amount of time the property can be used. </span></p>\n<p><span style=\"color: #000000;\">For example, let’s say your new kitchen appliances are destroyed in a small grease fire. You bought the refrigerator, oven, and dishwasher brand new three years ago. All the appliances were working well at the time and in normal condition for their age. </span></p>\n<p><span style=\"color: #000000;\">The same kitchen equipment is currently sold in several retail stores for about $3,200 (RCV) new. These three appliances have a life expectancy of 10 years which means they lose 10% of their value each passing year.  </span></p>\n<p><span style=\"color: #000000;\">In your case, the appliances lost 30% or $960 in value (10% annual depreciation x 3 years of use) at the time of the grease fire. </span></p>\n<p><span style=\"color: #000000;\">The example we just gave you is specific to property within your home. Now let’s talk about the structural elements of your home. Parts of your dwelling like the gutters and furnace are also subject to depreciation. </span></p>\n<p><span style=\"color: #000000;\">For example, asphalt roof shingles normally last around 20 years and typically depreciate 5% per year.  Let’s say your roof is 15 years old at the time of a wind/hail storm. This means the insurance company will subtract 75% of the value (15 years x 5% depreciation per year) of a brand new replacement roof. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">How Will Depreciation Determine My Claim Payout? </span></h3>\n<p><span style=\"color: #000000;\">The first thing that will determine your claim payout is the terms of your policy. Some homeowners coverage is based on an Actual Cash Value (ACV) claims reimbursement schedule. Other homeowners plans are based on a Replacement Cost Value (RCV) schedule. We’re going to review the difference with you. </span></p>\n<p><span style=\"color: #000000;\">Of course, depreciation is the second thing that will influence the claims settlement amount you actually receive. Now you may be wondering how ACV, RCV, and depreciation all come together in the claims process? What types of calculations are the insurance companies doing before they mail you a claims check? </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">Actual Cash Value Example</span></h3>\n<p><span style=\"color: #000000;\">Let’s assume you have ACV coverage for your residence and personal property kept within the home. </span></p>\n<p><span style=\"color: #000000;\">This means the insurance carrier will first determine the Replacement Cost of the item (in other words, how much money it would take to replace the damaged/lost item), then subtract the depreciation amount from the Replacement Cost. The difference between the two amounts is the ACV. </span></p>\n<p><span style=\"color: #000000;\">Using the above kitchen appliance scenario, here’s how home insurers calculate RCV if the appliances were destroyed after seven years: </span></p>\n<figure data-asset-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" data-image-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/02bf80b8-56a3-488a-8422-d97213ecfb44/actual-cash-value.png\" data-asset-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" data-image-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" alt=\"Actual cash value example\" /></span></figure>\n<p><span style=\"color: #000000;\">You see here that the insurance company would reimburse you $960 for your destroyed dishwasher, oven, and fridge. That’s because an ACV policy doesn’t promise to give you all the money needed to buy brand new replacements. </span></p>\n<p><span style=\"color: #000000;\">Instead, an ACV policy is promising to pay you the depreciated amount of your property. Or, in other words, an ACV policy is insuring your home and property according to what the value is at the time of the loss, not the value at the time you first purchased the house or its contents. </span></p>\n<p><span style=\"color: #000000;\">Now if you have a Replacement Cost policy, you should expect to get the full $3,200 for shiny new kitchen gadgets. This means less money out of your own pocket to put your kitchen back together again. It also means quite a bit more in home insurance premiums too.</span></p>\n<p><span style=\"color: #000000;\">If you aren’t sure which policy you currently have then we suggest you pull out the policy booklet and take a look. Or give your local, independent insurance agent a call for help understanding if you have an ACV or RCV home insurance policy. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">What’s a Recoverable Depreciation Clause? </span></h3>\n<p><span style=\"color: #000000;\">Sometimes you’ll come across a homeowners policy that includes a recoverable depreciation clause. We imagine you are scratching your head right now and saying, “What the heck does that even mean.\" Yep, we thought so. </span></p>\n<p><span style=\"color: #000000;\">A recoverable depreciation clause permits policyholders to claim the depreciation of their asset along with the Actual Cash Value. In our kitchen example, you could claim the $2,240 depreciation of the appliances. Of course, anything that sounds that good usually has a catch. This is no different. </span></p>\n<p><span style=\"color: #000000;\">Insurance policies that include this clause will expect you to repair or replace covered items within a certain time frame. If you didn’t make a needed repair or complete a certain replacement prior to the date of loss, then your recoverable depreciation could be voided. </span></p>\n<p><span style=\"color: #000000;\">(You’ll also need to keep very good records to prove that you did follow the rules and regulations of the clause.) </span></p>\n<p><span style=\"color: #000000;\">Recoverable depreciation is a feature that is sometimes not worth it when you factor in the deductible. Think about this: your home policy has a $2,000 deductible. Your kitchen claim will get you $960 ACV payout. </span></p>\n<p><span style=\"color: #000000;\">Plus, under your special clause, you can also expect to receive the $2,240 depreciation amount. All of this is payable to you after your $2,000 deductible is met. So you’ll end up with a net positive of $1,200 to replace your appliances. Not bad, but not enough to get brand new appliances free and clear. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">Want to Know Three Home Depreciation Tips? </span></h3>\n<p><span style=\"color: #000000;\">There’s still more to know about depreciation. Take a peek at our three top home depreciation tips below. </span></p>\n<ol>\n<li><span style=\"color: #000000;\">Items max out at 90% depreciation and won’t be depreciated beyond that percentage.</span></li>\n<li><span style=\"color: #000000;\">Quality, workmanship, frequency of use, storage, and upkeep are all factors in determining the lifespan (and ultimately depreciation) of an item. For home materials, more specific things like quality of installation, design, and environmental conditions will also make a difference. </span></li>\n<li><span style=\"color: #000000;\">Specialty items like collectibles, fine jewelry, antiques, firearms, and art can actually<em><strong> appreciate</strong></em>, or increase value, over time. That’s why your independent insurance agent will probably recommend purchasing additional coverage for these types of unique valuables. </span></li>\n</ol>\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/home-depreciation/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What\'s Depreciation Got to Do with Homeowners Insurance?','','publish','closed','closed','','whats-depreciation-got-to-do-with-homeowners-insurance','','','2020-11-30 22:47:46','2020-11-30 22:47:46','',0,'http://smartinsurance.tips/?page_id=1014',0,'page','',0),(1015,1,'2020-11-30 22:27:38','2020-11-30 22:27:38','<!-- wp:divi/placeholder /-->','What\'s Depreciation Got to Do with Homeowners Insurance?','','inherit','closed','closed','','1014-revision-v1','','','2020-11-30 22:27:38','2020-11-30 22:27:38','',1014,'http://smartinsurance.tips/1014-revision-v1/',0,'revision','',0),(1017,1,'2020-11-30 22:33:06','2020-11-30 22:33:06','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>What\'s Depreciation Got to Do with Homeowners Insurance?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/b0aa879f-478b-4522-8b7a-72424defc2e1/home-depreciation-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Twilight exterior of home and landscape\" /></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Depreciation may seem like an intimidating idea but it’s really just a basic part of everyday life. In fact, you may already know that your four-bedroom, two-bath, brick abode and the majority of its contents (like furniture, TV, and dishwasher) could lose value over time because of things like age and use. </span></p>\n<p><span style=\"color: #000000;\">This loss in property value is commonly referred to as depreciation. </span></p>\n<p><span style=\"color: #000000;\">Home depreciation is also an important concept within the insurance world. That’s because it directly influences the claim amount paid by the carrier. Remember, depreciation doesn’t just apply to your home but anything with value like cars or boats. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">How Do Insurance Companies Calculate Depreciation? </span></h3>\n<p><span style=\"color: #000000;\">Calculating depreciation all starts with the property’s Replacement Cost Value (RCV) and its estimated life expectancy. The RCV is the current price of repairing or replacing an item with an equal item. As you probably know, life expectancy is the average amount of time the property can be used. </span></p>\n<p><span style=\"color: #000000;\">For example, let’s say your new kitchen appliances are destroyed in a small grease fire. You bought the refrigerator, oven, and dishwasher brand new three years ago. All the appliances were working well at the time and in normal condition for their age. </span></p>\n<p><span style=\"color: #000000;\">The same kitchen equipment is currently sold in several retail stores for about $3,200 (RCV) new. These three appliances have a life expectancy of 10 years which means they lose 10% of their value each passing year.  </span></p>\n<p><span style=\"color: #000000;\">In your case, the appliances lost 30% or $960 in value (10% annual depreciation x 3 years of use) at the time of the grease fire. </span></p>\n<p><span style=\"color: #000000;\">The example we just gave you is specific to property within your home. Now let’s talk about the structural elements of your home. Parts of your dwelling like the gutters and furnace are also subject to depreciation. </span></p>\n<p><span style=\"color: #000000;\">For example, asphalt roof shingles normally last around 20 years and typically depreciate 5% per year.  Let’s say your roof is 15 years old at the time of a wind/hail storm. This means the insurance company will subtract 75% of the value (15 years x 5% depreciation per year) of a brand new replacement roof. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">How Will Depreciation Determine My Claim Payout? </span></h3>\n<p><span style=\"color: #000000;\">The first thing that will determine your claim payout is the terms of your policy. Some homeowners coverage is based on an Actual Cash Value (ACV) claims reimbursement schedule. Other homeowners plans are based on a Replacement Cost Value (RCV) schedule. We’re going to review the difference with you. </span></p>\n<p><span style=\"color: #000000;\">Of course, depreciation is the second thing that will influence the claims settlement amount you actually receive. Now you may be wondering how ACV, RCV, and depreciation all come together in the claims process? What types of calculations are the insurance companies doing before they mail you a claims check? </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">Actual Cash Value Example</span></h3>\n<p><span style=\"color: #000000;\">Let’s assume you have ACV coverage for your residence and personal property kept within the home. </span></p>\n<p><span style=\"color: #000000;\">This means the insurance carrier will first determine the Replacement Cost of the item (in other words, how much money it would take to replace the damaged/lost item), then subtract the depreciation amount from the Replacement Cost. The difference between the two amounts is the ACV. </span></p>\n<p><span style=\"color: #000000;\">Using the above kitchen appliance scenario, here’s how home insurers calculate RCV if the appliances were destroyed after seven years: </span></p>\n<figure data-asset-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" data-image-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/02bf80b8-56a3-488a-8422-d97213ecfb44/actual-cash-value.png\" data-asset-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" data-image-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" alt=\"Actual cash value example\" /></span></figure>\n<p><span style=\"color: #000000;\">You see here that the insurance company would reimburse you $960 for your destroyed dishwasher, oven, and fridge. That’s because an ACV policy doesn’t promise to give you all the money needed to buy brand new replacements. </span></p>\n<p><span style=\"color: #000000;\">Instead, an ACV policy is promising to pay you the depreciated amount of your property. Or, in other words, an ACV policy is insuring your home and property according to what the value is at the time of the loss, not the value at the time you first purchased the house or its contents. </span></p>\n<p><span style=\"color: #000000;\">Now if you have a Replacement Cost policy, you should expect to get the full $3,200 for shiny new kitchen gadgets. This means less money out of your own pocket to put your kitchen back together again. It also means quite a bit more in home insurance premiums too.</span></p>\n<p><span style=\"color: #000000;\">If you aren’t sure which policy you currently have then we suggest you pull out the policy booklet and take a look. Or give your local, independent insurance agent a call for help understanding if you have an ACV or RCV home insurance policy. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">What’s a Recoverable Depreciation Clause? </span></h3>\n<p><span style=\"color: #000000;\">Sometimes you’ll come across a homeowners policy that includes a recoverable depreciation clause. We imagine you are scratching your head right now and saying, “What the heck does that even mean.\" Yep, we thought so. </span></p>\n<p><span style=\"color: #000000;\">A recoverable depreciation clause permits policyholders to claim the depreciation of their asset along with the Actual Cash Value. In our kitchen example, you could claim the $2,240 depreciation of the appliances. Of course, anything that sounds that good usually has a catch. This is no different. </span></p>\n<p><span style=\"color: #000000;\">Insurance policies that include this clause will expect you to repair or replace covered items within a certain time frame. If you didn’t make a needed repair or complete a certain replacement prior to the date of loss, then your recoverable depreciation could be voided. </span></p>\n<p><span style=\"color: #000000;\">(You’ll also need to keep very good records to prove that you did follow the rules and regulations of the clause.) </span></p>\n<p><span style=\"color: #000000;\">Recoverable depreciation is a feature that is sometimes not worth it when you factor in the deductible. Think about this: your home policy has a $2,000 deductible. Your kitchen claim will get you $960 ACV payout. </span></p>\n<p><span style=\"color: #000000;\">Plus, under your special clause, you can also expect to receive the $2,240 depreciation amount. All of this is payable to you after your $2,000 deductible is met. So you’ll end up with a net positive of $1,200 to replace your appliances. Not bad, but not enough to get brand new appliances free and clear. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">Want to Know Three Home Depreciation Tips? </span></h3>\n<p><span style=\"color: #000000;\">There’s still more to know about depreciation. Take a peek at our three top home depreciation tips below. </span></p>\n<ol>\n<li><span style=\"color: #000000;\">Items max out at 90% depreciation and won’t be depreciated beyond that percentage.</span></li>\n<li><span style=\"color: #000000;\">Quality, workmanship, frequency of use, storage, and upkeep are all factors in determining the lifespan (and ultimately depreciation) of an item. For home materials, more specific things like quality of installation, design, and environmental conditions will also make a difference. </span></li>\n<li><span style=\"color: #000000;\">Specialty items like collectibles, fine jewelry, antiques, firearms, and art can actually<em><strong> appreciate</strong></em>, or increase value, over time. That’s why your independent insurance agent will probably recommend purchasing additional coverage for these types of unique valuables. </span></li>\n</ol>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/home-depreciation/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What\'s Depreciation Got to Do with Homeowners Insurance?','','inherit','closed','closed','','1014-revision-v1','','','2020-11-30 22:33:06','2020-11-30 22:33:06','',1014,'http://smartinsurance.tips/1014-revision-v1/',0,'revision','',0),(1010,1,'2020-11-30 22:19:17','2020-11-30 22:19:17','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h2 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Home Appreciation: Should I Change My Homeowners Coverage?</strong></h2>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/9650549f-d71a-4095-97c2-ce85d0944d21/home-appreciation-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Home appreciation\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Most Americans grumble about their home values going down. It makes you wonder if home values ever increase (or <em>appreciate</em>).  In some ways, appreciation is like a unicorn — something we’ve all heard about but rarely see. </span></p>\n<p><span style=\"color: #000000;\">So what are the different ways your dwelling can appreciate in value? Should you change up your homeowners insurance policy because of an increase in home value? </span></p>\n<p><span style=\"color: #000000;\">Take a look at some basic info we put together for those fortunate souls experiencing home appreciation. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Four Ways Your Residence Value May Increase</span></h3>\n<p><span style=\"color: #000000;\">Many people don’t think much about the changes and improvements they make to their homes. Adding a swimming pool, building a deck, going solar will certainly pump up your sticker price when (and if) you decide to sell. Below are examples of the four common ways a dwelling may appreciate. </span></p>\n<h4><span style=\"color: #000000;\">New Purchases</span></h4>\n<p><span style=\"color: #000000;\">Over the course of owning your dwelling there’s a good chance you’ll upgrade some appliances or buy yourself some special toys. Maybe you just set up a fully equipped home gym. Or you might have brought home a 75-inch 4K TV with all the bells and whistles.  Or you got a fabulous painting from your favorite up-and-coming artist. </span></p>\n<h4><span style=\"color: #000000;\">Home Renovations</span></h4>\n<p><span style=\"color: #000000;\">Your modest ranch style dwelling went from 1,000 square feet to 1,600 square feet. Now you have an extra bathroom, more bedrooms, and a huge family room with a stone fireplace.  That’s going to add quite a bit to the assessed value. </span></p>\n<p><span style=\"color: #000000;\">Or perhaps you did a variety of improvements. Is your master bathroom now a home spa? Did you jazz up your outdoor living space with built-in grill, wine cooler, and sound system? </span></p>\n<p><span style=\"color: #000000;\">Outdoor areas and secondary buildings count towards your property’s overall price too. Even the enhancements like slab granite countertops or double convection ovens can contribute to a high-priced homestead. </span></p>\n<h4><span style=\"color: #000000;\">Real Estate Market Soars</span></h4>\n<p><span style=\"color: #000000;\">Location is the name of the game when it comes to real estate sales. Perhaps your dwelling is now in a trendy neighborhood which automatically makes it more valuable. Over time a specialty shopping district might pop up or highly desirable school districts can get reassigned which equals home appreciation. </span></p>\n<h4><span style=\"color: #000000;\">Home Business</span></h4>\n<p><span style=\"color: #000000;\">Starting a business that’s based in your home may be convenient (um, working in your pajamas) but it kinda changes your residential value. Businesses have equipment, inventory, and other valuable items that are specific to the company’s work. </span></p>\n<p><span style=\"color: #000000;\">These things don’t necessarily increase the sale price of your house but they do increase the content within the home. </span></p>\n<p><span style=\"color: #000000;\">Running a home business can also complicate insurance matters since you really should have everything used for and owned by the business protected under a separate business owners policy. </span></p>\n<p><span style=\"color: #000000;\">If any of these situations apply to your humble abode then you’ll want to talk with your agent to make sure your insurance coverage is just right. </span></p>\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">Appreciation Means More Coverage (or Not) </span></h3>\n<p><span style=\"color: #000000;\">Your dwelling coverage is based on the estimated cost to rebuild or repair your home in case of fire, wind, hail, or other damages. Insurance companies take into consideration things like the square footage and local construction costs. </span></p>\n<p><span style=\"color: #000000;\">Your policy benefits are set up with the purpose of fixing your broken home. Homes that appreciate because of a spike in the local real estate market do not need to have their insurance plans increased too. </span></p>\n<p>&nbsp;</p>\n<h4><span style=\"color: #000000;\">There are two reasons why you would want to increase your replacement coverage:</span></h4>\n<p><span style=\"color: #000000;\"><strong>Renovations:</strong> Adding square footage by finishing the basement or adding a second floor can add a lot of value to the home. You’ll need to be sure the remodeled parts of your home are protected the same as the original parts of the house. </span></p>\n<p><span style=\"color: #000000;\"><strong>Construction Costs Go Up:</strong> Construction booming in your community is great for a number of reasons, yet it puts a strain on local building resources which ultimately drives up the cost for materials and labor. You’ll want to be sure the dwelling coverage benefit you signed up for ten years ago will still pay for repairing or replacing your home should a disaster strike. </span></p>\n<p><span style=\"color: #000000;\">Other situations that create appreciation in home value usually don’t need you to increase your homeowners insurance coverage. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\"></span></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/home-appreciation/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Home Appreciation: Should I Change My Homeowners Coverage?','','publish','closed','closed','','home-appreciation-should-i-change-my-homeowners-coverage','','','2020-11-30 23:11:52','2020-11-30 23:11:52','',0,'http://smartinsurance.tips/?page_id=1010',0,'page','',0),(1011,1,'2020-11-30 22:19:17','2020-11-30 22:19:17','<!-- wp:divi/placeholder /-->','Home Appreciation: Should I Change My Homeowners Coverage?','','inherit','closed','closed','','1010-revision-v1','','','2020-11-30 22:19:17','2020-11-30 22:19:17','',1010,'http://smartinsurance.tips/1010-revision-v1/',0,'revision','',0),(1008,1,'2020-11-28 00:59:50','2020-11-28 00:59:50','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Home Insurance Claims FAQ</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/24d309ba-521d-47aa-8338-a54ffcee8cd6/homeowners-insurance-related-articles.jpg\" style=\"float: right;\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Handling a homeowners insurance claim is a lot like handling a toddler. If you do it right, things can go pretty well. But do it wrong, and you’ll be dealing with major tantrums for years to come.</span></p>\n<h3><span style=\"color: #000000;\">When Should I File a Home Insurance Claim?</span></h3>\n<p><span style=\"color: #000000;\">If the damage/theft/incident was significant, you should file a claim right away. But if your old 10-speed bike (with only 3 remaining working speeds) was stolen, you may not want to file a claim. The value on your bike is probably insignificant compared to the risk of having your premiums go up. </span></p>\n<p><span style=\"color: #000000;\">So after any incident, try to weigh the possible premium increases against the possible out-of-pocket replacement costs to make a call about whether it’s worth the claim.</span></p>\n<h3><span style=\"color: #000000;\">How Do I File a Home Insurance Claim?</span></h3>\n<p><span style=\"color: #000000;\">If your home or property has sustained any kind of damage or loss, make sure you take photos of the damage with crime-show-detective-like detail. </span></p>\n<p><span style=\"color: #000000;\">Then, contact your home insurance company as soon as possible—whether that’s by phone or online. If you somehow don’t have access to your policy’s number or details, you can call your insurance agent for help.</span></p>\n<h3><span style=\"color: #000000;\">How Do I Know If the Damage Is Covered?</span></h3>\n<p><span style=\"color: #000000;\">First, check your policy documents. If you’re still unsure, you can go ahead and begin the claims process anyway. For example, flood damage is not covered by home insurance, but if your basement sustains significant water damage, it is not necessarily due to a flood and may be covered. </span></p>\n<p><span style=\"color: #000000;\">Case in point, if your hot-water heater leaks and damages your floors and walls or if a sump pump fails and your policy includes backup of sewage and drains coverage, you may be able to receive compensation. If your damages are not covered, your insurance company will let you know–you can’t lose just for asking.</span></p>\n<h3><span style=\"color: #000000;\">How Does the Deductible Work?</span></h3>\n<p><span style=\"color: #000000;\">Every home insurance policy has a deductible. Some deductibles are a dollar amount (typically $500 or $1,000), while others are percentage-based according to the value of your home (i.e., a home that is valued at $200,000 with a 1% percentage-based deductible would have a deductible of $2,000). </span></p>\n<p><span style=\"color: #000000;\">The deductible is the amount you have to pay out of pocket for damage repairs. Therefore, if you have a $500 deductible and your house sustains $10,000 worth of damage, your insurance company will reimburse you $9,500—simple as that.</span></p>\n<h3><span style=\"color: #000000;\">What If My Home Is Burglarized?</span></h3>\n<p><span style=\"color: #000000;\">Your first step is to ensure that you and your family are safe, and then call the police. When the police arrive, they will complete a report with all the important info regarding your situation. This report is necessary when you file your claim and will help expedite the whole process.</span></p>\n<p><span style=\"color: #000000;\">Make sure you also create a detailed list of your lost or damaged items, including their estimated values, and have that ready when you contact your insurance company. </span></p>\n<h3><span style=\"color: #000000;\">If My Home Was Damaged, Can I Start Repairs Right Away?</span></h3>\n<p><span style=\"color: #000000;\">If a natural disaster has caused significant damage to your home, you may be tempted to begin repairs right away. We get it, you just want your life back to normal. But doing so can mask a lot of the damage and will make it hard for an adjuster to make a fair estimate of the repair costs. </span></p>\n<p><span style=\"color: #000000;\">Temporary fixes that could help prevent any further damage are a good idea, but it’s best to wait until after the insurance adjuster has taken a good solid look at your property to make permanent repairs.</span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">Does My Home Insurance Cover Temporary Living Expenses?</span></h3>\n<p><span style=\"color: #000000;\">If your home is uninhabitable due to damage caused by a covered event, the additional living expense (ALE) portion of your home insurance will reimburse you. </span></p>\n<p><span style=\"color: #000000;\">Your policy will have a cap on how much ALE coverage it will provide, so it is best to handle your temporary arrangements as frugally as possible (think motel, not 5-star resort).</span></p>\n<p><span style=\"color: #000000;\">This coverage can include expenses such as:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Rent for your temporary housing</span></li>\n<li><span style=\"color: #000000;\">Boarding for your pets</span></li>\n<li><span style=\"color: #000000;\">Gas and mileage if you have to drive further to get to work or school</span></li>\n<li><span style=\"color: #000000;\">Dining at restaurants</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">It’s always best to verify with your insurance company exactly what is included in your ALE coverage before you go and rack up a big hotel or restaurant tab.</span></p>\n<h3><span style=\"color: #000000;\">When Will an Adjuster Come to My Home?</span></h3>\n<p><span style=\"color: #000000;\">This depends on a few factors, like the insurance company, the location of your home, and the extent of the damage. If a wildfire or hurricane causes wide-spread damage in your area, it may take a while for an adjuster to make it to your home. </span></p>\n<p><span style=\"color: #000000;\">If it is an isolated event, like an oopsie in the kitchen that led to a fire, your adjuster may arrive very quickly.</span></p>\n<h3><span style=\"color: #000000;\">How Do I Know the Claims Adjuster Isn’t Ripping Me Off?</span></h3>\n<p><span style=\"color: #000000;\">For contents claims, you can do a bit of homework in advance by looking up the replacement costs of your lost or destroyed property. If your policy includes replacement cost coverage, the amounts you give may be accepted by your insurer. </span></p>\n<p><span style=\"color: #000000;\">However, if you have an actual-value coverage policy, your adjuster will estimate a depreciated value of your property.</span></p>\n<p><span style=\"color: #000000;\">For property damage to your home, it’s a good idea to get a couple of repair estimates before your adjuster arrives. If possible, you may want to have a trustworthy contractor at your home at the same time—in case the adjuster’s estimates are wildly different from the amount you were quoted. </span></p>\n<p><span style=\"color: #000000;\">The contractor and adjuster can often work together to come to an agreement. Then everyone’s happy.</span></p>\n<h3><span style=\"color: #000000;\">What If I Don\'t Agree My Insurer’s Compensation?</span></h3>\n<p><span style=\"color: #000000;\">If you feel that the reimbursement your adjuster offered is way off, you can try contacting someone higher up in the insurance company to plead your case. </span></p>\n<p><span style=\"color: #000000;\">If that fails, you can appeal their decision through mediation, which is way more informal than going to court. </span></p>\n<p><span style=\"color: #000000;\"><em>NOTE: You may want to get help from an expert before going into mediation to increase your chances of a positive outcome.</em></span></p>\n<h3><span style=\"color: #000000;\">How Long Will It Take to Get My Money?</span></h3>\n<p><span style=\"color: #000000;\">This depends on your insurance company and the damage we’re talking about. In some cases, the insurance adjuster can cut you a check on the spot after assessing the damage. Other times, it may not be as easy, with a lot of back and forth and delay on your reimbursement. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\"></span></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-claims-faq/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Home Insurance Claims FAQ','','inherit','closed','closed','','1005-revision-v1','','','2020-11-28 00:59:50','2020-11-28 00:59:50','',1005,'http://smartinsurance.tips/1005-revision-v1/',0,'revision','',0),(1034,1,'2020-11-30 23:10:20','2020-11-30 23:10:20','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h2 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Home Appreciation: Should I Change My Homeowners Coverage?</strong></h2>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/9650549f-d71a-4095-97c2-ce85d0944d21/home-appreciation-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Home appreciation\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Most Americans grumble about their home values going down. It makes you wonder if home values ever increase (or <em>appreciate</em>).  In some ways, appreciation is like a unicorn — something we’ve all heard about but rarely see. </span></p>\n<p><span style=\"color: #000000;\">So what are the different ways your dwelling can appreciate in value? Should you change up your homeowners insurance policy because of an increase in home value? </span></p>\n<p><span style=\"color: #000000;\">Take a look at some basic info we put together for those fortunate souls experiencing home appreciation. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Four Ways Your Residence Value May Increase</span></h3>\n<p><span style=\"color: #000000;\">Many people don’t think much about the changes and improvements they make to their homes. Adding a swimming pool, building a deck, going solar will certainly pump up your sticker price when (and if) you decide to sell. Below are examples of the four common ways a dwelling may appreciate. </span></p>\n<h4><span style=\"color: #000000;\">New Purchases</span></h4>\n<p><span style=\"color: #000000;\">Over the course of owning your dwelling there’s a good chance you’ll upgrade some appliances or buy yourself some special toys. Maybe you just set up a fully equipped home gym. Or you might have brought home a 75-inch 4K TV with all the bells and whistles.  Or you got a fabulous painting from your favorite up-and-coming artist. </span></p>\n<h4><span style=\"color: #000000;\">Home Renovations</span></h4>\n<p><span style=\"color: #000000;\">Your modest ranch style dwelling went from 1,000 square feet to 1,600 square feet. Now you have an extra bathroom, more bedrooms, and a huge family room with a stone fireplace.  That’s going to add quite a bit to the assessed value. </span></p>\n<p><span style=\"color: #000000;\">Or perhaps you did a variety of improvements. Is your master bathroom now a home spa? Did you jazz up your outdoor living space with built-in grill, wine cooler, and sound system? </span></p>\n<p><span style=\"color: #000000;\">Outdoor areas and secondary buildings count towards your property’s overall price too. Even the enhancements like slab granite countertops or double convection ovens can contribute to a high-priced homestead. </span></p>\n<h4><span style=\"color: #000000;\">Real Estate Market Soars</span></h4>\n<p><span style=\"color: #000000;\">Location is the name of the game when it comes to real estate sales. Perhaps your dwelling is now in a trendy neighborhood which automatically makes it more valuable. Over time a specialty shopping district might pop up or highly desirable school districts can get reassigned which equals home appreciation. </span></p>\n<h4><span style=\"color: #000000;\">Home Business</span></h4>\n<p><span style=\"color: #000000;\">Starting a business that’s based in your home may be convenient (um, working in your pajamas) but it kinda changes your residential value. Businesses have equipment, inventory, and other valuable items that are specific to the company’s work. </span></p>\n<p><span style=\"color: #000000;\">These things don’t necessarily increase the sale price of your house but they do increase the content within the home. </span></p>\n<p><span style=\"color: #000000;\">Running a home business can also complicate insurance matters since you really should have everything used for and owned by the business protected under a separate business owners policy. </span></p>\n<p><span style=\"color: #000000;\">If any of these situations apply to your humble abode then you’ll want to talk with your agent to make sure your insurance coverage is just right. </span></p>\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">Appreciation Means More Coverage (or Not) </span></h3>\n<p><span style=\"color: #000000;\">Your dwelling coverage is based on the estimated cost to rebuild or repair your home in case of fire, wind, hail, or other damages. Insurance companies take into consideration things like the square footage and local construction costs. </span></p>\n<p><span style=\"color: #000000;\">Your policy benefits are set up with the purpose of fixing your broken home. Homes that appreciate because of a spike in the local real estate market do not need to have their insurance plans increased too. </span></p>\n<p>&nbsp;</p>\n<h4><span style=\"color: #000000;\">There are two reasons why you would want to increase your replacement coverage:</span></h4>\n<p><span style=\"color: #000000;\"><strong>Renovations:</strong> Adding square footage by finishing the basement or adding a second floor can add a lot of value to the home. You’ll need to be sure the remodeled parts of your home are protected the same as the original parts of the house. </span></p>\n<p><span style=\"color: #000000;\"><strong>Construction Costs Go Up:</strong> Construction booming in your community is great for a number of reasons, yet it puts a strain on local building resources which ultimately drives up the cost for materials and labor. You’ll want to be sure the dwelling coverage benefit you signed up for ten years ago will still pay for repairing or replacing your home should a disaster strike. </span></p>\n<p><span style=\"color: #000000;\">Other situations that create appreciation in home value usually don’t need you to increase your homeowners insurance coverage. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/home-appreciation/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Home Appreciation: Should I Change My Homeowners Coverage?','','inherit','closed','closed','','1010-revision-v1','','','2020-11-30 23:10:20','2020-11-30 23:10:20','',1010,'http://smartinsurance.tips/1010-revision-v1/',0,'revision','',0),(1013,1,'2020-11-30 22:25:20','2020-11-30 22:25:20','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h2 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Home Appreciation: Should I Change My Homeowners Coverage?</strong></h2>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/9650549f-d71a-4095-97c2-ce85d0944d21/home-appreciation-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Home appreciation\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Most Americans grumble about their home values going down. It makes you wonder if home values ever increase (or <em>appreciate</em>).  In some ways, appreciation is like a unicorn — something we’ve all heard about but rarely see. </span></p>\n<p><span style=\"color: #000000;\">So what are the different ways your dwelling can appreciate in value? Should you change up your homeowners insurance policy because of an increase in home value? </span></p>\n<p><span style=\"color: #000000;\">Take a look at some basic info we put together for those fortunate souls experiencing home appreciation. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Four Ways Your Residence Value May Increase</span></h3>\n<p><span style=\"color: #000000;\">Many people don’t think much about the changes and improvements they make to their homes. Adding a swimming pool, building a deck, going solar will certainly pump up your sticker price when (and if) you decide to sell. Below are examples of the four common ways a dwelling may appreciate. </span></p>\n<h4><span style=\"color: #000000;\">New Purchases</span></h4>\n<p><span style=\"color: #000000;\">Over the course of owning your dwelling there’s a good chance you’ll upgrade some appliances or buy yourself some special toys. Maybe you just set up a fully equipped home gym. Or you might have brought home a 75-inch 4K TV with all the bells and whistles.  Or you got a fabulous painting from your favorite up-and-coming artist. </span></p>\n<h4><span style=\"color: #000000;\">Home Renovations</span></h4>\n<p><span style=\"color: #000000;\">Your modest ranch style dwelling went from 1,000 square feet to 1,600 square feet. Now you have an extra bathroom, more bedrooms, and a huge family room with a stone fireplace.  That’s going to add quite a bit to the assessed value. </span></p>\n<p><span style=\"color: #000000;\">Or perhaps you did a variety of improvements. Is your master bathroom now a home spa? Did you jazz up your outdoor living space with built-in grill, wine cooler, and sound system? </span></p>\n<p><span style=\"color: #000000;\">Outdoor areas and secondary buildings count towards your property’s overall price too. Even the enhancements like slab granite countertops or double convection ovens can contribute to a high-priced homestead. </span></p>\n<h4><span style=\"color: #000000;\">Real Estate Market Soars</span></h4>\n<p><span style=\"color: #000000;\">Location is the name of the game when it comes to real estate sales. Perhaps your dwelling is now in a trendy neighborhood which automatically makes it more valuable. Over time a specialty shopping district might pop up or highly desirable school districts can get reassigned which equals home appreciation. </span></p>\n<h4><span style=\"color: #000000;\">Home Business</span></h4>\n<p><span style=\"color: #000000;\">Starting a business that’s based in your home may be convenient (um, working in your pajamas) but it kinda changes your residential value. Businesses have equipment, inventory, and other valuable items that are specific to the company’s work. </span></p>\n<p><span style=\"color: #000000;\">These things don’t necessarily increase the sale price of your house but they do increase the content within the home. </span></p>\n<p><span style=\"color: #000000;\">Running a home business can also complicate insurance matters since you really should have everything used for and owned by the business protected under a separate business owners policy. </span></p>\n<p><span style=\"color: #000000;\">If any of these situations apply to your humble abode then you’ll want to talk with your agent to make sure your insurance coverage is just right. </span></p>\n<p>&nbsp;</p>\n<h3><span style=\"color: #000000;\">Appreciation Means More Coverage (or Not) </span></h3>\n<p><span style=\"color: #000000;\">Your dwelling coverage is based on the estimated cost to rebuild or repair your home in case of fire, wind, hail, or other damages. Insurance companies take into consideration things like the square footage and local construction costs. </span></p>\n<p><span style=\"color: #000000;\">Your policy benefits are set up with the purpose of fixing your broken home. Homes that appreciate because of a spike in the local real estate market do not need to have their insurance plans increased too. </span></p>\n<p>&nbsp;</p>\n<h4><span style=\"color: #000000;\">There are two reasons why you would want to increase your replacement coverage:</span></h4>\n<p><span style=\"color: #000000;\"><strong>Renovations:</strong> Adding square footage by finishing the basement or adding a second floor can add a lot of value to the home. You’ll need to be sure the remodeled parts of your home are protected the same as the original parts of the house. </span></p>\n<p><span style=\"color: #000000;\">For example, if you spent $30,000 expanding and renovating your kitchen then you’ll want your independent agent to increase those dwelling coverage limits to include this fancy new cookhouse. </span></p>\n<p><span style=\"color: #000000;\"><strong>Construction Costs Go Up:</strong> Construction booming in your community is great for a number of reasons, yet it puts a strain on local building resources which ultimately drives up the cost for materials and labor. You’ll want to be sure the dwelling coverage benefit you signed up for ten years ago will still pay for repairing or replacing your home should a disaster strike. </span></p>\n<p><span style=\"color: #000000;\">Other situations that create appreciation in home value usually don’t need you to increase your homeowners insurance coverage. You can talk to your independent insurance agent for help in figuring out if it’s smart for you to change up your home insurance. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/home-appreciation/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Home Appreciation: Should I Change My Homeowners Coverage?','','inherit','closed','closed','','1010-revision-v1','','','2020-11-30 22:25:20','2020-11-30 22:25:20','',1010,'http://smartinsurance.tips/1010-revision-v1/',0,'revision','',0),(1028,1,'2020-11-30 22:47:46','2020-11-30 22:47:46','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>What\'s Depreciation Got to Do with Homeowners Insurance?</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/b0aa879f-478b-4522-8b7a-72424defc2e1/home-depreciation-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Twilight exterior of home and landscape\" /></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Depreciation may seem like an intimidating idea but it’s really just a basic part of everyday life. In fact, you may already know that your four-bedroom, two-bath, brick abode and the majority of its contents (like furniture, TV, and dishwasher) could lose value over time because of things like age and use. </span></p>\n<p><span style=\"color: #000000;\">This loss in property value is commonly referred to as depreciation. </span></p>\n<p><span style=\"color: #000000;\">Home depreciation is also an important concept within the insurance world. That’s because it directly influences the claim amount paid by the carrier. Remember, depreciation doesn’t just apply to your home but anything with value like cars or boats. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">How Do Insurance Companies Calculate Depreciation? </span></h3>\n<p><span style=\"color: #000000;\">Calculating depreciation all starts with the property’s Replacement Cost Value (RCV) and its estimated life expectancy. The RCV is the current price of repairing or replacing an item with an equal item. As you probably know, life expectancy is the average amount of time the property can be used. </span></p>\n<p><span style=\"color: #000000;\">For example, let’s say your new kitchen appliances are destroyed in a small grease fire. You bought the refrigerator, oven, and dishwasher brand new three years ago. All the appliances were working well at the time and in normal condition for their age. </span></p>\n<p><span style=\"color: #000000;\">The same kitchen equipment is currently sold in several retail stores for about $3,200 (RCV) new. These three appliances have a life expectancy of 10 years which means they lose 10% of their value each passing year.  </span></p>\n<p><span style=\"color: #000000;\">In your case, the appliances lost 30% or $960 in value (10% annual depreciation x 3 years of use) at the time of the grease fire. </span></p>\n<p><span style=\"color: #000000;\">The example we just gave you is specific to property within your home. Now let’s talk about the structural elements of your home. Parts of your dwelling like the gutters and furnace are also subject to depreciation. </span></p>\n<p><span style=\"color: #000000;\">For example, asphalt roof shingles normally last around 20 years and typically depreciate 5% per year.  Let’s say your roof is 15 years old at the time of a wind/hail storm. This means the insurance company will subtract 75% of the value (15 years x 5% depreciation per year) of a brand new replacement roof. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">How Will Depreciation Determine My Claim Payout? </span></h3>\n<p><span style=\"color: #000000;\">The first thing that will determine your claim payout is the terms of your policy. Some homeowners coverage is based on an Actual Cash Value (ACV) claims reimbursement schedule. Other homeowners plans are based on a Replacement Cost Value (RCV) schedule. We’re going to review the difference with you. </span></p>\n<p><span style=\"color: #000000;\">Of course, depreciation is the second thing that will influence the claims settlement amount you actually receive. Now you may be wondering how ACV, RCV, and depreciation all come together in the claims process? What types of calculations are the insurance companies doing before they mail you a claims check? </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">Actual Cash Value Example</span></h3>\n<p><span style=\"color: #000000;\">Let’s assume you have ACV coverage for your residence and personal property kept within the home. </span></p>\n<p><span style=\"color: #000000;\">This means the insurance carrier will first determine the Replacement Cost of the item (in other words, how much money it would take to replace the damaged/lost item), then subtract the depreciation amount from the Replacement Cost. The difference between the two amounts is the ACV. </span></p>\n<p><span style=\"color: #000000;\">Using the above kitchen appliance scenario, here’s how home insurers calculate RCV if the appliances were destroyed after seven years: </span></p>\n<figure data-asset-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" data-image-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/02bf80b8-56a3-488a-8422-d97213ecfb44/actual-cash-value.png\" data-asset-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" data-image-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" alt=\"Actual cash value example\" /></span></figure>\n<p><span style=\"color: #000000;\">You see here that the insurance company would reimburse you $960 for your destroyed dishwasher, oven, and fridge. That’s because an ACV policy doesn’t promise to give you all the money needed to buy brand new replacements. </span></p>\n<p><span style=\"color: #000000;\">Instead, an ACV policy is promising to pay you the depreciated amount of your property. Or, in other words, an ACV policy is insuring your home and property according to what the value is at the time of the loss, not the value at the time you first purchased the house or its contents. </span></p>\n<p><span style=\"color: #000000;\">Now if you have a Replacement Cost policy, you should expect to get the full $3,200 for shiny new kitchen gadgets. This means less money out of your own pocket to put your kitchen back together again. It also means quite a bit more in home insurance premiums too.</span></p>\n<p><span style=\"color: #000000;\">If you aren’t sure which policy you currently have then we suggest you pull out the policy booklet and take a look. Or give your local, independent insurance agent a call for help understanding if you have an ACV or RCV home insurance policy. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">What’s a Recoverable Depreciation Clause? </span></h3>\n<p><span style=\"color: #000000;\">Sometimes you’ll come across a homeowners policy that includes a recoverable depreciation clause. We imagine you are scratching your head right now and saying, “What the heck does that even mean.\" Yep, we thought so. </span></p>\n<p><span style=\"color: #000000;\">A recoverable depreciation clause permits policyholders to claim the depreciation of their asset along with the Actual Cash Value. In our kitchen example, you could claim the $2,240 depreciation of the appliances. Of course, anything that sounds that good usually has a catch. This is no different. </span></p>\n<p><span style=\"color: #000000;\">Insurance policies that include this clause will expect you to repair or replace covered items within a certain time frame. If you didn’t make a needed repair or complete a certain replacement prior to the date of loss, then your recoverable depreciation could be voided. </span></p>\n<p><span style=\"color: #000000;\">(You’ll also need to keep very good records to prove that you did follow the rules and regulations of the clause.) </span></p>\n<p><span style=\"color: #000000;\">Recoverable depreciation is a feature that is sometimes not worth it when you factor in the deductible. Think about this: your home policy has a $2,000 deductible. Your kitchen claim will get you $960 ACV payout. </span></p>\n<p><span style=\"color: #000000;\">Plus, under your special clause, you can also expect to receive the $2,240 depreciation amount. All of this is payable to you after your $2,000 deductible is met. So you’ll end up with a net positive of $1,200 to replace your appliances. Not bad, but not enough to get brand new appliances free and clear. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">Want to Know Three Home Depreciation Tips? </span></h3>\n<p><span style=\"color: #000000;\">There’s still more to know about depreciation. Take a peek at our three top home depreciation tips below. </span></p>\n<ol>\n<li><span style=\"color: #000000;\">Items max out at 90% depreciation and won’t be depreciated beyond that percentage.</span></li>\n<li><span style=\"color: #000000;\">Quality, workmanship, frequency of use, storage, and upkeep are all factors in determining the lifespan (and ultimately depreciation) of an item. For home materials, more specific things like quality of installation, design, and environmental conditions will also make a difference. </span></li>\n<li><span style=\"color: #000000;\">Specialty items like collectibles, fine jewelry, antiques, firearms, and art can actually<em><strong> appreciate</strong></em>, or increase value, over time. That’s why your independent insurance agent will probably recommend purchasing additional coverage for these types of unique valuables. </span></li>\n</ol>\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/home-depreciation/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What\'s Depreciation Got to Do with Homeowners Insurance?','','inherit','closed','closed','','1014-revision-v1','','','2020-11-30 22:47:46','2020-11-30 22:47:46','',1014,'http://smartinsurance.tips/1014-revision-v1/',0,'revision','',0),(1018,1,'2020-11-30 22:33:13','2020-11-30 22:33:13','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>What\'s Depreciation Got to Do with Homeowners Insurance?</strong></h1>\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\" hover_enabled=\"0\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/b0aa879f-478b-4522-8b7a-72424defc2e1/home-depreciation-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"Twilight exterior of home and landscape\" /></p>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Depreciation may seem like an intimidating idea but it’s really just a basic part of everyday life. In fact, you may already know that your four-bedroom, two-bath, brick abode and the majority of its contents (like furniture, TV, and dishwasher) could lose value over time because of things like age and use. </span></p>\n<p><span style=\"color: #000000;\">This loss in property value is commonly referred to as depreciation. </span></p>\n<p><span style=\"color: #000000;\">Home depreciation is also an important concept within the insurance world. That’s because it directly influences the claim amount paid by the carrier. Remember, depreciation doesn’t just apply to your home but anything with value like cars or boats. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">How Do Insurance Companies Calculate Depreciation? </span></h3>\n<p><span style=\"color: #000000;\">Calculating depreciation all starts with the property’s Replacement Cost Value (RCV) and its estimated life expectancy. The RCV is the current price of repairing or replacing an item with an equal item. As you probably know, life expectancy is the average amount of time the property can be used. </span></p>\n<p><span style=\"color: #000000;\">For example, let’s say your new kitchen appliances are destroyed in a small grease fire. You bought the refrigerator, oven, and dishwasher brand new three years ago. All the appliances were working well at the time and in normal condition for their age. </span></p>\n<p><span style=\"color: #000000;\">The same kitchen equipment is currently sold in several retail stores for about $3,200 (RCV) new. These three appliances have a life expectancy of 10 years which means they lose 10% of their value each passing year.  </span></p>\n<p><span style=\"color: #000000;\">In your case, the appliances lost 30% or $960 in value (10% annual depreciation x 3 years of use) at the time of the grease fire. </span></p>\n<p><span style=\"color: #000000;\">The example we just gave you is specific to property within your home. Now let’s talk about the structural elements of your home. Parts of your dwelling like the gutters and furnace are also subject to depreciation. </span></p>\n<p><span style=\"color: #000000;\">For example, asphalt roof shingles normally last around 20 years and typically depreciate 5% per year.  Let’s say your roof is 15 years old at the time of a wind/hail storm. This means the insurance company will subtract 75% of the value (15 years x 5% depreciation per year) of a brand new replacement roof. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">How Will Depreciation Determine My Claim Payout? </span></h3>\n<p><span style=\"color: #000000;\">The first thing that will determine your claim payout is the terms of your policy. Some homeowners coverage is based on an Actual Cash Value (ACV) claims reimbursement schedule. Other homeowners plans are based on a Replacement Cost Value (RCV) schedule. We’re going to review the difference with you. </span></p>\n<p><span style=\"color: #000000;\">Of course, depreciation is the second thing that will influence the claims settlement amount you actually receive. Now you may be wondering how ACV, RCV, and depreciation all come together in the claims process? What types of calculations are the insurance companies doing before they mail you a claims check? </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">Actual Cash Value Example</span></h3>\n<p><span style=\"color: #000000;\">Let’s assume you have ACV coverage for your residence and personal property kept within the home. </span></p>\n<p><span style=\"color: #000000;\">This means the insurance carrier will first determine the Replacement Cost of the item (in other words, how much money it would take to replace the damaged/lost item), then subtract the depreciation amount from the Replacement Cost. The difference between the two amounts is the ACV. </span></p>\n<p><span style=\"color: #000000;\">Using the above kitchen appliance scenario, here’s how home insurers calculate RCV if the appliances were destroyed after seven years: </span></p>\n<figure data-asset-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" data-image-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/02bf80b8-56a3-488a-8422-d97213ecfb44/actual-cash-value.png\" data-asset-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" data-image-id=\"cd322eba-4116-412d-89be-7c22b40ffbbd\" alt=\"Actual cash value example\" /></span></figure>\n<p><span style=\"color: #000000;\">You see here that the insurance company would reimburse you $960 for your destroyed dishwasher, oven, and fridge. That’s because an ACV policy doesn’t promise to give you all the money needed to buy brand new replacements. </span></p>\n<p><span style=\"color: #000000;\">Instead, an ACV policy is promising to pay you the depreciated amount of your property. Or, in other words, an ACV policy is insuring your home and property according to what the value is at the time of the loss, not the value at the time you first purchased the house or its contents. </span></p>\n<p><span style=\"color: #000000;\">Now if you have a Replacement Cost policy, you should expect to get the full $3,200 for shiny new kitchen gadgets. This means less money out of your own pocket to put your kitchen back together again. It also means quite a bit more in home insurance premiums too.</span></p>\n<p><span style=\"color: #000000;\">If you aren’t sure which policy you currently have then we suggest you pull out the policy booklet and take a look. Or give your local, independent insurance agent a call for help understanding if you have an ACV or RCV home insurance policy. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">What’s a Recoverable Depreciation Clause? </span></h3>\n<p><span style=\"color: #000000;\">Sometimes you’ll come across a homeowners policy that includes a recoverable depreciation clause. We imagine you are scratching your head right now and saying, “What the heck does that even mean.\" Yep, we thought so. </span></p>\n<p><span style=\"color: #000000;\">A recoverable depreciation clause permits policyholders to claim the depreciation of their asset along with the Actual Cash Value. In our kitchen example, you could claim the $2,240 depreciation of the appliances. Of course, anything that sounds that good usually has a catch. This is no different. </span></p>\n<p><span style=\"color: #000000;\">Insurance policies that include this clause will expect you to repair or replace covered items within a certain time frame. If you didn’t make a needed repair or complete a certain replacement prior to the date of loss, then your recoverable depreciation could be voided. </span></p>\n<p><span style=\"color: #000000;\">(You’ll also need to keep very good records to prove that you did follow the rules and regulations of the clause.) </span></p>\n<p><span style=\"color: #000000;\">Recoverable depreciation is a feature that is sometimes not worth it when you factor in the deductible. Think about this: your home policy has a $2,000 deductible. Your kitchen claim will get you $960 ACV payout. </span></p>\n<p><span style=\"color: #000000;\">Plus, under your special clause, you can also expect to receive the $2,240 depreciation amount. All of this is payable to you after your $2,000 deductible is met. So you’ll end up with a net positive of $1,200 to replace your appliances. Not bad, but not enough to get brand new appliances free and clear. </span></p>\n<p><span style=\"color: #000000;\"> </span></p>\n<h3><span style=\"color: #000000;\">Want to Know Three Home Depreciation Tips? </span></h3>\n<p><span style=\"color: #000000;\">There’s still more to know about depreciation. Take a peek at our three top home depreciation tips below. </span></p>\n<ol>\n<li><span style=\"color: #000000;\">Items max out at 90% depreciation and won’t be depreciated beyond that percentage.</span></li>\n<li><span style=\"color: #000000;\">Quality, workmanship, frequency of use, storage, and upkeep are all factors in determining the lifespan (and ultimately depreciation) of an item. For home materials, more specific things like quality of installation, design, and environmental conditions will also make a difference. </span></li>\n<li><span style=\"color: #000000;\">Specialty items like collectibles, fine jewelry, antiques, firearms, and art can actually<em><strong> appreciate</strong></em>, or increase value, over time. That’s why your independent insurance agent will probably recommend purchasing additional coverage for these types of unique valuables. </span></li>\n</ol>\n<p><span style=\"color: #000000;\"></span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/home-depreciation/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','What\'s Depreciation Got to Do with Homeowners Insurance?','','inherit','closed','closed','','1014-revision-v1','','','2020-11-30 22:33:13','2020-11-30 22:33:13','',1014,'http://smartinsurance.tips/1014-revision-v1/',0,'revision','',0),(1019,1,'2020-11-30 22:35:12','2020-11-30 22:35:12','[et_pb_section fb_built=\"1\" _builder_version=\"4.0.9\"][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<h1 class=\"h1 text-tc-blue-800 font-weight-bold\" style=\"text-align: center;\"><strong>Your Guide to Insuring a Cabin</strong></h1>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=\"4.0.9\"][et_pb_column type=\"4_4\" _builder_version=\"4.0.9\"][et_pb_text _builder_version=\"4.0.9\"]<div align=\"center\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"></span></p>\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/3b9f58e8-3000-432d-98ad-1531fccfdfd8/cabin-insurance-header.jpg?w=1110&amp;h=400&amp;fit=crop\" alt=\"How to insure a cabin\" /></div>\n<div class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"></div>\n<div id=\"mntl-sc-block_1-0-38\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\" style=\"text-align: justify;\">\n<p><span style=\"color: #000000;\">Got a cabin? If you’re lucky enough to own a vacation property, seasonal home by the lake, or the annual destination for hunting season, you know how great it is to get away from it all. Better yet, it is a sound investment that can help you kick back in your retirement.</span></p>\n<p><span style=\"color: #000000;\">However, you can’t leave all your worries behind when it comes to protecting your cabin. What could ruin your cabin’s future?</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Damage from fire </span></li>\n<li><span style=\"color: #000000;\">Natural disasters</span></li>\n<li><span style=\"color: #000000;\">Injuries on your property </span></li>\n<li><span style=\"color: #000000;\">Crime</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">The solution? Protecting your investment with seasonal home insurance.</span></p>\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">Let’s take a look at everything you need to know about cabin insurance, including: </span></h3>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">What is cabin insurance?</span></li>\n<li><span style=\"color: #000000;\">Why do you need cabin insurance?</span></li>\n<li><span style=\"color: #000000;\">Who needs cabin insurance? </span></li>\n<li><span style=\"color: #000000;\">What is the cost of cabin insurance?</span></li>\n<li><span style=\"color: #000000;\">Common questions about cabin insurance</span></li>\n</ul>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<h3><span style=\"color: #000000;\"></span></h3>\n<h3><span style=\"color: #000000;\">What is Cabin Insurance?</span></h3>\n<p><span style=\"color: #000000;\">Cabin insurance, typically known as seasonal home insurance, protects your vacation home and your possessions in it against a wide variety of dangers:</span></p>\n<div>\n<div class=\"icon-list-single-right-caret\">\n<ul>\n<li><span style=\"color: #000000;\">Fire damage</span></li>\n<li><span style=\"color: #000000;\">Storm damage (i.e., hail, wind, snow, rain, lightning, etc.)</span></li>\n<li><span style=\"color: #000000;\">Theft/burglary</span></li>\n<li><span style=\"color: #000000;\">Vandalism</span></li>\n<li><span style=\"color: #000000;\">Arson</span></li>\n<li><span style=\"color: #000000;\">Liability coverage for injuries to other parties on your property</span></li>\n</ul>\n</div>\n</div>\n<p><span style=\"color: #000000;\">One particular distinction to make about cabin insurance is that it is separate from your primary homeowners insurance policy. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Why Do You Need Cabin Insurance?</span></h3>\n<p><span style=\"color: #000000;\">If you’re reading this article, chances are you that you’re in need of a cabin insurance policy. No two cabins or seasonal homes are alike, which presents unique challenges. </span></p>\n<p><span style=\"color: #000000;\">Some cabins can be a simple no-frills structure designed for rustic living in isolated areas, while others can be sprawling, multi-level buildings that are more extravagant than many primary residences. </span></p>\n<p><span style=\"color: #000000;\">Adding to this, most people don’t live permanently in their vacation homes. Therefore, having cabin insurance protects it as a second residence, future investment, and as a source of revenue from renters.</span></p>\n<p><span style=\"color: #000000;\">For those who own a cabin, a lake home, or other seasonal residence, you will need to speak with an experienced insurance agent who can assess how much coverage you need. </span></p>\n<p><span style=\"color: #000000;\">There are many variables to consider — even if the small cabin is located on bare hunting land — so an expert insurance agent can ask you the right questions to determine which risk factors need to be addressed and protected. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">Who Needs Cabin Insurance?</span></h3>\n<p><span style=\"color: #000000;\">The short answer to Who needs cabin insurance? is anyone who has one. If you’re still on the fence (pun intended), let’s look at a number of aspects related to how much insurance coverage you should consider for your cabin:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Got deer? What about bear and moose? Hunting cabin insurance can be useful for damage from wild animals or unfortunate accidents with firearms. During hunting season, cabin insurance can help you concentrate on bagging that buck!</span></li>\n<li><span style=\"color: #000000;\">If you only visit the cabin on a seasonal basis each year, you may need seasonal cabin insurance to keep it safe from harm during the times it is vacant.</span></li>\n<li><span style=\"color: #000000;\">Cabins that are located in areas that could potentially experience a devastating wildfire, or severe weather like flooding and winter storms definitely need a form of insurance to protect your investment and recoup value lost.</span></li>\n<li><span style=\"color: #000000;\">Some cabins are governed by HOAs, which may require your secondary residence to be adequately insured to protect the value of related properties. </span></li>\n<li><span style=\"color: #000000;\">For entrepreneurial-minded cabin owners, renting out the cabin on Airbnb or through private clients is risky without cabin rental insurance.</span></li>\n<li><span style=\"color: #000000;\">Family cabins passed through the generations are perfect candidates for coverage such as log cabin home insurance. If you keep a large amount of valuables and possessions at your family cabin, insurance is a must to replace these items if they’re stolen or damaged.</span></li>\n<li><span style=\"color: #000000;\">Love adventure? If your cabin has ATVs, boats, or other recreational vehicles, then you may want to consider such coverage as cabin cruiser boat insurance.</span></li>\n</ul>\n<p><span style=\"color: #000000;\">Do any of these situations apply to you? Chances are that they do. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n<h3><span style=\"color: #000000;\">What is the Cost of Cabin Insurance?</span></h3>\n<figure data-asset-id=\"107c8fa0-7fe2-420f-9730-c5b974eaaf17\" data-image-id=\"107c8fa0-7fe2-420f-9730-c5b974eaaf17\"><span style=\"color: #000000;\"><img src=\"https://assets-us-01.kc-usercontent.com/0542d611-b6d8-4320-a4f4-35ac5cbf43a6/a0f1b100-f88a-485f-bda3-68a4e878bf2a/cabin-insurance.jpg\" data-asset-id=\"107c8fa0-7fe2-420f-9730-c5b974eaaf17\" data-image-id=\"107c8fa0-7fe2-420f-9730-c5b974eaaf17\" alt=\"What is the cost of cabin insurance\" /></span></figure>\n<p><span style=\"color: #000000;\">As you can imagine, the cost of cabin insurance is highly variable. In most cases, seasonal home insurance might cost more than insurance for your primary residence. </span></p>\n<p><span style=\"color: #000000;\">This is due to how often the property is left vacant or its location. Let’s look at some factors that directly affect cost:</span></p>\n<ul>\n<li><span style=\"color: #000000;\">Remote areas, for example, may be targeted by criminals or experience natural disasters that you won’t discover until you visit the property in the future. Highly trafficked areas also create possibilities for criminals to steal your belongings or vandalize your home. </span></li>\n<li><span style=\"color: #000000;\">Liability is a huge issue when it comes to determining how much you will pay for cabin insurance. Liability coverage can help with medical bills and time off work if you are held legally responsible for an injury on the cabin’s property. If you have a large number of visitors to the cabin, especially renters, you will need to insure your home as well as purchase additional coverage. An injury from a malfunctioning fireplace, for instance, can cause a deep financial burden on your property and other assets. You may need to have landlord insurance for renters as well as separate liability coverage for those who might wander on your property. </span></li>\n<li><span style=\"color: #000000;\">Similarly, having boats, ATVs and other types of recreational equipment can make lakeside cabin owners especially susceptible to liability for injuries that occur on the property. Most seasonal homeowners policies will cover the physical dwelling and other structures of the property such as boat houses, docks, sheds, and so forth. </span></li>\n<li><span style=\"color: #000000;\">Considering the high potential for injuries when recreational equipment is involved, the liability coverage limit on your primary homeowners policy may not be sufficient. Recreational equipment is rarely covered automatically under your cabin’s insurance policy. Instead, these items are insured separately either as a rider on your cabin’s policy or on a specialty policy. Therefore, you may want to purchase umbrella insurance to step up your liability coverage. As you may know, umbrella insurance policies kick in when the limit of your homeowners liability coverage has been reached.</span></li>\n<li><span style=\"color: #000000;\">Do you have a homeowners policy on your primary residence? If so, determining how much coverage you have for your cabin can get confusing based on whether you have a homeowners policy for your primary residence. In most cases, your primary residence extends some liability coverage to your cabin. But for those who may not have insured their primary residence, the cost of insuring a secondary residence can be expensive — or it may not even be offered by some companies. </span></li>\n</ul>\n<p><span style=\"color: #000000; font-size: 22px;\"></span></p>\n<p><span style=\"color: #000000; font-size: 22px;\">Common Questions about Cabin Insurance</span></p>\n<p><span style=\"color: #000000;\">As you can guess, cabin insurance encompasses a wide array of situations. </span></p>\n<h4><span style=\"color: #000000;\"><em>Question #1 - Do I need to insure the cabin with my primary homeowners policy?</em></span></h4>\n<p><span style=\"color: #000000;\">The truth is that some companies won’t write a cabin insurance policy if they don\'t insure your primary home first. The reason is that those insurers don’t want the increased risk of a home that is empty more than it is occupied. Consequently, insuring both properties (your home plus the cabin) with the same company is more convenient. </span></p>\n<p><span style=\"color: #000000;\">Simply add the second location onto your current homeowners insurance policy, which eliminates the need for a second policy as well as second bill to deal with.</span></p>\n<p><span style=\"color: #000000;\">However, there are a number of companies that specialize in writing a policy for your cabin on a separate policy without insuring your primary residence. Many are able to write with many of the same coverages as a homeowner’s policy while also offering built-in coverage for your recreational vehicles. </span></p>\n<p><span style=\"color: #000000;\">Similar to a regular homeowner’s policy, these policies can insure the contents of your cabin as a percentage of the dwelling amount for both theft and liability</span></p>\n<h4><span style=\"color: #000000;\"><em>Question #2 - If I have no buildings, do I still need to insure the vacant land?</em></span></h4>\n<p><span style=\"color: #000000;\">In most cases, pure vacant land is covered for liability by your primary homeowners policy. Coverage would apply if a person were injured on your land. But you should be careful of the phrase “vacant land” in your policy. Any development on the property may cause the land to not be considered “vacant” any longer. </span></p>\n<p><span style=\"color: #000000;\">This includes minimalist structures that may negate coverage, such as an outhouse, fencing, or a framed deer stand. </span></p>\n<h4><span style=\"color: #000000;\"><em>Question #3 - How are the contents in my cabin covered?</em></span></h4>\n<p><span style=\"color: #000000;\">Your possessions in your cabin depend on the size and usage. Policies run the gamut from no contents coverage at all, limited coverage on select items, or protection for items that are shared with your primary residence. </span></p>\n<p><span style=\"color: #000000;\">Other policies will cover a percentage of the dwelling amount, just like your primary home. It’s common practice for your primary home policy to automatically extend 10% of your primary home contents coverage to another location like your cabin.</span></p>\n<p><span style=\"color: #000000; font-size: 14px;\">Being proactive is the best way to protect those things that are special to you before there is a loss.</span></p>\n<p><span style=\"color: #000000;\">Once you’re set up, you can finally rest easy and enjoy the good life that comes with owning a cabin. </span></p>\n<p><span style=\"color: #000000;\"></span></p>\n</div>\n</div>\n<div align=\"center\" style=\"text-align: justify;\"><span style=\"color: #000000;\"></span></div>\n<div align=\"center\" style=\"text-align: justify;\"><span><span style=\"color: #000000;\">To read the full article, </span><a href=\"https://www.trustedchoice.com/homeowners-insurance/home-coverage-types/how-to-insure-cabin/\">click here</a><span style=\"color: #000000;\">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]','Your Guide to Insuring a Cabin','','publish','closed','closed','','your-guide-to-insuring-a-cabin','','','2020-12-10 19:50:25','2020-12-10 19:50:25','',0,'http://smartinsurance.tips/?page_id=1019',0,'page','',0),(1020,1,'2020-11-30 22:35:12','2020-11-30 22:35:12','<!-- wp:divi/placeholder /-->','Your Guide to Insuring a Cabin','','inherit','closed','closed','','1019-revision-v1','','','2020-11-30 22:35:12','2020-11-30 22:35:12','',1019,'http://smartinsurance.tips/1019-revision-v1/',0,'revision','',0),