(1642,1,'2021-06-09 00:08:45','2021-06-09 00:08:45','<!-- wp:image {\"id\":1641,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-6-1024x536.png\" alt=\"\" class=\"wp-image-1641\"/><figcaption><span class=\"has-inline-color has-black-color\">Do you know anybody who’s not busy?</span></figcaption></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Most of us wake up each morning facing crammed calendars and mile-long to-do lists. As a lawyer/wife/mom/writer, I know I certainly do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Out of nerdy fascination and sheer survival instinct, I’ve made a lifelong study of productivity and time management. Here are the top 10 productivity tips that help me get done the things that I must or want to do without losing my mind:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Write It Down</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every task, every commitment should be written down. This frees your mind from the energy- and attention-sucking job of trying to remember.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In his seminal book on productivity, Getting Things Done, David Allen points out how uncompleted commitments take up psychic energy, each one making you just the tiniest bit more tired, more distracted, and therefore less productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>He emphasizes that the first step to managing your life and time is getting every commitment, large and small, out of your head and into a trusted system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I use OmniFocus to capture these commitments, but you can start with a simple pen and paper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. Get a Head Start</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The best way to hit the ground running is to start the night before.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before leaving your workspace, or before going to bed, take 10 minutes to look over the next day’s commitments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What appointments can’t be missed? What do you need to have with you for those appointments? (Make sure you’ve gathered those materials and have them ready to go.) What three to five tasks must get done?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Decide what you’ll do first. Look at that to-do list and decide whether any tasks on it can be delegated to someone else (see number 9 below) or, even better, crossed off the list altogether (see number 10 below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The busier your day, the more important it is to do this quick survey the day or evening before. It means you waste no time in the morning deciding where to start, or gathering materials (and maybe discovering a crucial item isn’t available when you need it).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Do Your Most Dreaded Task First</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone of us has one or more tasks on our to-do list that we dread doing. Maybe it’s that unpleasant phone call you don’t want to make, or that blog post you’ve been putting off writing because you don’t know how to start, or that project that just overwhelms you because it’s so massive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever it is, it hangs over your head, distracting you with guilt because it keeps getting pushed to the next day and the next. It’s time to end that cycle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do it first thing. Writer Michael Hyatt talks about slaying your dragons before breakfast—there’s nothing more motivating for the rest of your day than crossing that monster off your list first thing in the morning.<sup>[1]</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But many people instead of doing the tough tasks first, they do the easy ones. If you really want to be productive, there’re some tasks you shouldn’t do first in the morning:&nbsp;<a href=\"https://www.lifehack.org/525634/more-productive-never-this-start-your-morning\">To Be More Productive, Never Do This To Start Your Morning</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So make that call. Pull out a piece of paper and brainstorm ideas for that blog post.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do&nbsp;<em>something</em>&nbsp;about that overwhelming task—maybe you can’t finish it in one day, but you can at least get started. Whatever it is, just do it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, let the satisfaction of crossing it off your list carry you into the rest of your busy day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>4. Turn off Distractions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the major productivity killers is the distraction of constant interruptions: emails, phone calls, people appearing at your door…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The technology that can (and should) make our lives easier and better also can make it virtually impossible to maintain the kind of focused attention that’s necessary to work efficiently and effectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But here’s the thing: you can control that technology.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you’ve got an important task that requires attention and focus, create the space to give it your best.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whether it’s a meeting with a client or colleague, or an important letter that needs to get written, or a piece of art you want to create, schedule a block of time to focus on that commitment, and then turn off all distractions. Shut down your phone (or at least turn off the ringer). Silence your email alerts. Disconnect the internet (or at least Facebook and Twitter). Close your office door.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just for that hour (or thirty minutes, or half day), turn off all outside communications and give yourself the necessary luxury of undisturbed time to really focus on the matter at hand. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>5. Take Breaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s a limit to how long anybody can devote deep focus to a task.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>No matter how busy you are, after a certain amount of time, the law of diminishing returns kicks in, and fatigue—physical and/or mental—starts to impair your effectiveness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Schedule breaks periodically even during the busiest days. Take ten minutes to stand up, stretch, get a drink of water, walk around the block.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You’ll return to your work refreshed, both mentally and physically, and ready to be even more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>6. Batch Process</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the demands of your day include routine tasks, try to group similar tasks and schedule certain times during the day to knock them out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Answering emails? Returning phone calls? Entering expenses into a spreadsheet? Instead of interrupting your other tasks to do these things piecemeal, batch them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Set two or three or five times a day to check and respond to emails. Return phone calls at 11:45 am and 4:45 pm (or, if you want to avoid getting sucked into long phone conversations, return them at 12:15 pm while folks are at lunch, and 5:15 pm after they’ve left for the day, and just leave a message!)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By batching similar tasks, you save the time lost to ramping up multiple times a day and reap the benefits of momentum.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>7. Eat a Healthy Breakfast</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do I need to explain this? There are countless studies confirming the importance of breakfast for maintaining our health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Healthy people are more productive. No matter how busy you are, eat a decent breakfast. It’ll fuel you for a terrific start to your day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>8. Get Some Exercise</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not to be too repetitive, but healthy people are more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Exercise makes you healthier, so be sure to get some exercise every day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You don’t need to spend hours at the gym to get the benefit of this; take a walk around the block, or do some isometrics at your desk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just do something to get your heart pumping and your blood racing. It will enhance your general well being as well as your ability to think more clearly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>9. Delegate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I’ll confess: I stink at this. I hate to ask for help, and often it seems more trouble to explain a task to someone else than to just do it myself. But not everything that needs to be done in your life must be done by you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Evaluate that to-do list carefully. What tasks could someone else do, thereby freeing you up to focus on the things only you can do?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Look around you: who is available to do some of those tasks? A secretary? A colleague? A family member? A paid helper?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An important key to productivity is doing only those things that only you can do, and giving somebody else the opportunity to contribute by doing those other tasks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>10. Say No</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>How many commitments have you made that don’t really need to be kept at all?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Have you taken on tasks that don’t actually matter to you or anybody else?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Is your calendar cluttered with meetings that don’t accomplish anything for organizations that you no longer care about?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Has your day been hijacked by somebody else’s priorities?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your calendar is jammed, if your to-do list is miles long, take ten minutes or so to look at each item with a careful eye. Can any of those appointments or tasks simply be crossed off to create some reasonable margin in your life?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When someone calls or appears at your door with a request for your participation in some activity, take a breath and consider whether it fits into your own priorities (which priorities, of course, might legitimately include keeping your boss or spouse happy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the answer is no, then&nbsp;just say no. Practice it ahead of time: “Thank you for inviting me, but no.” “Thank you for asking, but no.” “Thank you for thinking of me, but no.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As a wise person has said, “no” is a complete sentence. No explanation is necessary. Just no.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may want to learn from Leo Babauta <a href=\"https://www.lifehack.org/articles/communication/the-gentle-art-of-saying-no.html\">The Gentle Art of Saying No</a>, so you can set better boundaries for yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.lifehack.org/articles/productivity/top-10-tips-for-productivity.html\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Top 10 Productivity Tips to Achieve More and Create Peace of Mind','','inherit','closed','closed','','1638-revision-v1','','','2021-06-09 00:08:45','2021-06-09 00:08:45','',1638,'http://smartinsurance.tips/?p=1642',0,'revision','',0),(1647,1,'2021-06-09 00:13:20','2021-06-09 00:13:20','<!-- wp:image {\"id\":1650,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-7-1024x536.png\" alt=\"\" class=\"wp-image-1650\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">There are good reasons to own a home in retirement, but there are also plenty of arguments for renting. The latter may be less expensive if it means you don’t have to pay for maintenance and repairs. However, owning can be less stressful if you don’t have to worry about a landlord raising your rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Whichever route you go, housing costs will be one of your major monthly expenses in retirement. Here are some factors to consider when making a rent-versus-buy decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>KEY TAKEAWAYS</strong><br>Housing costs will be part of your retirement budget, whether you rent or own.<br>Fluctuations in market value, unexpected maintenance expenses, and insurance deductibles can increase ownership costs.<br>Though homes can be valuable assets to own, they shouldn’t be purchased primarily for investment.<br>Owning offers stability, tax benefits, and equity, among other perks.<br>Renting provides more flexibility and liquidity, and you’ll spend less money (and time) on maintenance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-6\">Tax Implications</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">In <a href=\"https://www.investopedia.com/articles/personal-finance/083115/renting-vs-owning-home-pros-and-cons.asp\">analyzing homeownership versus renting</a>, one thing to consider is the tax implications. Starting with returns filed in 2019, interest on qualified mortgages of $750,000 or less is deductible for a couple filing jointly. (If you bought your home before Dec. 16, 2017, you can still deduct interest on a $1-million-or-less mortgage under the previous law.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">However, now that property tax deductions, once a tremendous boon to taxpayers (especially in affluent areas), are capped at $10,000, and the standard deduction has been nearly doubled, both thanks to the Tax Cuts and Jobs Act of 2017, the number of people who are likely to take advantage of such savings by itemizing their deductions is considerably reduced.<sup>2</sup>&nbsp;Rental costs are not tax-deductible, so renters have no access to these potential savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-11\">Risks to Consider</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">In theory, buying a house after retirement gets you more for your money than renting. However, homeownership also entails substantial financial risks. Issues such as fluctuations in market value, unexpected maintenance expenses, and insurance deductibles can increase&nbsp;costs over and above those of renting. And whichever option you pick, don’t forget to plan for inflation—rent, taxes, and insurance costs all go up over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">Another major issue is the maintenance risk associated with ownership. Renting is like&nbsp;buying an insurance policy against maintenance; renters have no liability for regular maintenance costs, equipment failures, or catastrophes such as storms or floods. The landlord has to worry about those unexpected costs—as do homeowners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-16\">An Investment Opportunity?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">Though real estate can offer good investment opportunities, a residence shouldn’t be purchased only for that reason. Housing is an unavoidable cost of living, and liquidating an investment asset shouldn’t involve finding another place to live. Retirees shouldn\'t factor in the investment upside of ownership when planning for housing costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To actually use a home as an investment, a homeowner would have to buy low and sell high—buying and selling homes opportunistically. By selling a home to make a profit when prices are high, however, one takes the chance of becoming priced out of the market if prices continue to increase. Those on a fixed budget, as most retirees are, may not be able to purchase another house or apartment and will find themselves dealing with a landlord instead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In some ways renting can be the economic equivalent of shorting a stock. If you believe housing prices are headed lower, you could rent a residence, wait for prices to fall, and buy a home later. Being wrong about the direction of housing prices and ending up paying a higher purchase price is similar to paying a higher price for a stock to cover a short position.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-27\">Cashing out and Liquidity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Other financial benefits of being a tenant include freedom from worrying about housing market conditions and liquidity. Selling a home can take a long time; it also involves lots of paperwork, and most real estate agencies charge a commission, which reduces the return on the investment. Sidestepping these entanglements when it’s time to move can definitely be worth it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some retirees live solely on pension money—Social Security benefits, annuity payouts, or a government or union plan. They don’t always have large sums of liquid cash. Without sufficient assets on the sidelines for unexpected expenses, the regular costs of owning a home could be ruinous.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-32\">Advantages of Owning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">If you’re one of the 56% of homeowners who go into retirement unencumbered by a mortgage, according to an American Financing survey, the question of renting vs. owning may seem less complicated at first. Still, the fact that you have no house payment doesn’t make this a no-brainer. You’ll have to consider property taxes and maintenance costs, and the older your home, the higher those upkeep expenses could be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">Still, it’s easy to find arguments for staying—especially if you live in a house you own now (and have no health-related reason to leave). Here are some other key arguments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-37\">Stability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">If you own your home, you’ll likely enjoy more stability and control. You won’t have to worry about a landlord bumping up the rent. Likewise, a landlord can’t sell the residence out from under you. You still have the option to move, but it will be your decision—not a landlord’s. Also, you can’t remodel a rental, at least not without the owner’s permission.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-40\">Build Equity</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">For some retirees, it’s important to leave an inheritance. Others want to use accumulated home equity to take out a loan, line of credit, or reverse mortgage. These are situations in which ownership makes the most sense. In areas where property values are increasing rapidly, owning allows you to possess an asset that appreciates. And, of course, it also means you can avoid rent increases that are so common in hot real estate markets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-43\">Tax Benefits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">As noted above, though the 2017 tax bill lessened the ability to deduct mortgage interest and property taxes, such benefits still exist. In addition, other deductions, including mortgage points, can also work to lower the amount you owe. You get none of these tax perks if you rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>WARNING:</strong> Mortgage lending discrimination is illegal. If you think you\'ve been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. One such step is to file a report to the Consumer Financial Protection Bureau or with the U.S. Department of Housing and Urban Development (HUD).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-48\">Emotions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">The degree to which you’re emotionally tied to the idea of homeownership—or to the particular home where you currently live—is an important, nonfinancial consideration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Pros</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Equity</li><li>Stability</li><li>Tax deductions</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Cons</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Maintenance costs, time</li><li>Illiquidity</li><li>Property taxes</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-54\">Advantages of Renting</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">Selling your home and moving into a rental has its points. If you currently rent, you know these benefits. But if you’re a homeowner contemplating jumping ship, here are some reasons to consider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-57\">Open Options</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-58\">Renting may make sense if you’re an empty nester, ready to downsize, or unsure of where you’ll spend your retirement years. You may want to move away for better weather or a lower cost of living for some years, but also be easily able to move closer to your family later on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your health—or that of a family member—can also be a factor if you believe you may need to move soon to receive or give care. Many assisted living, continuing care, or independent living communities are rent-only, leaving you with no choice if that’s where you’ll live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you do end up renting, a long-term lease will lessen the uncertainty of rising rents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-64\">Fewer Costs</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-65\">It’s important to compare the cost of renting to owning in the place where you plan to live. According to a 2016 report from Trulia, renting was less expensive in 98 out of 100 cities with a large population of residents 65 and older. Nevertheless, it’s worth noting that in the South owning is typically less expensive than renting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-67\">Less Maintenance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-68\">When you rent, you will likely not have to pay for major-league, structural maintenance. According to millionacres, homeowners spend between 1% and 4% each year on upkeep on average. The older the home, the higher the percentage. One caveat: Read the lease carefully before you sign and make sure your landlord is responsible for all (or nearly all) maintenance and repairs, especially if you’re renting a house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-70\">It’s not just the cost. As you get older, your ability to do any of these jobs yourself will inevitably decline. Maybe you don’t want to live somewhere that finds you regularly standing on ladders to change the light bulbs or shoveling snow from the sidewalk—or the roof. That’s when a super or building handyman can really help.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-72\">Freed-up Capital</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-73\">Renting may free up money that you can invest. That keeps you liquid and can increase your overall income during your retirement years. Investments often grow at a faster rate than real estate appreciates, making them an even better use of your money. Also, ownership puts you at risk in the event of another housing-market crash—something renting does not do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-75\">If you are contemplating selling your home and renting, one other consideration is capital gains tax. The current tax law allows a capital gains exclusion of $250,000 for single tax filers and $500,000 for married, joint filers. In addition, you will get to deduct expenses, such as realtor commissions and many capital improvements you may have done to the home over the years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-77\">For many, the exclusion and expense deductions may be enough to avoid paying any capital gains tax on the sale. For others, who may have lived in the home for years, or own a high-end home, it may not. In addition, many economic experts are predicting significant increases in the capital gains rate due to new policies being discussed by the current White House administration. Before making a move, it is best to consult with a qualified tax expert to weigh your options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-77\">Pros</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Liquidity</li><li>Little maintenance expense, responsibility</li><li>Flexibility in moving</li><li>Fewer costs, taxes</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Cons</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Unpredictable rent increases, eviction</li><li>No equity</li><li>No tax benefits</li><li>Inability to customize home</li><li>Potential capital gains tax</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-82\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-83\">For many people approaching retirement, the decision of whether to keep the family mansion or downsize to a smaller place is a difficult one. If you do decide to move, the stress and expense that can come with homeownership come into play. Whether to own or rent a home in retirement involves several considerations, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-85\"><li>What are the tax perks of renting vs. owning?</li><li>Is the home a potential investment opportunity or just another expense?</li><li>Which risks come with homeownership, in terms of unexpected costs, and can your budget withstand them?</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.investopedia.com/articles/retirement/07/buy-rent.asp\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Retirement Living: Renting vs. Homeownership','','publish','open','open','','retirement-living-renting-vs-homeownership','','','2021-06-09 00:20:20','2021-06-09 00:20:20','',0,'http://smartinsurance.tips/?p=1647',0,'post','',0),(1648,1,'2021-06-09 00:13:20','2021-06-09 00:13:20','<!-- wp:divi/placeholder /-->','Retirement Living: Renting vs. Homeownership','','inherit','closed','closed','','1647-revision-v1','','','2021-06-09 00:13:20','2021-06-09 00:13:20','',1647,'http://smartinsurance.tips/?p=1648',0,'revision','',0),(1650,1,'2021-06-09 00:15:31','2021-06-09 00:15:31','','My-Post-7','','inherit','open','closed','','my-post-7-2','','','2021-06-09 00:15:31','2021-06-09 00:15:31','',1647,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-7.png',0,'attachment','image/png',0),(1652,1,'2021-06-09 00:22:17','2021-06-09 00:22:17','<!-- wp:image {\"id\":1654,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-8-1024x536.png\" alt=\"\" class=\"wp-image-1654\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: Under $100</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Spend an Hour With a Pro</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Invite a realtor or interior designer over to check out your home. Many realtors will do this as a courtesy, but you will probably have to pay a consultation fee to a designer. Check with several designers in your area; a standard hourly fee is normally less than $100, and in an hour they can give you lots of ideas for needed improvements. Even small suggested improvements, such as paint colors or furniture placement, can go a long way toward improving the look and feel of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Inspect It</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Not every home improvement is cosmetic. Deteriorating roofs, termite infestation or outdated electrical systems — you can\'t fix it if you don\'t know it\'s broken. Hire an inspector to check out the areas of your home that you don\'t normally see. They may discover hidden problems that could negatively impact your home\'s value. Small problems (such as a hidden water leak) can become big, expensive problems quickly; the longer you put off repairs, the more expensive those repairs will be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Paint, Paint, Paint</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated — and that spells value. When selecting paint colors, keep in mind that neutrals appeal to the greatest number of people, therefore making your home more desirable. On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, painter\'s tape, drop cloths and brushes. So buy a few gallons and get busy!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Find Inspiration</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An alternative to hiring a designer is to search for remodeling and decorating inspiration in design-oriented magazines, books, TV shows and websites. Simply tear out or print off the ideas you want to try and start your to-do list. Keep it simple — when remodeling on a tight budget, do-it-yourself projects are best.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Cut Energy Costs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The amount of money you spend each month on energy costs may seem like a fixed amount, but many local utility companies provide free energy audits of their customers\' homes. They can show you how to maximize the energy efficiency of your home. An energy-efficient home will save you money now, which can be applied to other updates, and is a more valuable and marketable asset in the long run.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $100- $200</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Plant a Tree</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you aren\'t planning to sell your house today, plan for the future with a landscaping improvement that will mature over time. Plant shade trees — not only will mature trees make your home more desirable, but a fully grown, properly placed tree can cut your cooling costs by as much as 40 percent. Mature landscaping is also good for the environment, providing a necessary habitat for wildlife while adding valuable curb appeal to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Low-Maintenance Landscaping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>No question that shrubs and colorful plants will add curb appeal to any home, but when shopping at your local garden center, make sure that you \"think green.\" Purchase plants that are native to your region or plants that are drought-tolerant; these require less water and maintenance, which means more savings to you and more green in your wallet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Money-Saving Luxury</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Speaking of water, here\'s another way to tap into extra savings; install a water filtration system in your kitchen. Not only do these systems purify your water, they will also lower your grocery bills — no more bottled water. A water filtration system is an inexpensive addition, but it\'s the sort of small luxury that homebuyers love.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Improve the Air Quality Inside Your Home</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Air quality isn\'t just about the conditions outdoors. If you have older carpets in your home, they might be hiding contaminants and allergens. The first step to determine if these need replacing is to hire a professional company to test your indoor air quality. If the results prove that your carpets should be replaced, choose environmentally friendly natural products like tile or laminate floors. Hard-surface floors are much easier to keep clean, don\'t hold odors, give your home an updated look and, in general, are more appealing to buyers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Save the Popcorn for the Movies</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, what\'s on your ceiling? Few structural elements date a house more than popcorn ceilings. So dedicate a weekend to ditching the dated look and adding dollar signs to the value of your home. NOTE: some older ceilings could contain asbestos so before undertaking this project, have yours tested by professionals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you\'re in the clear, this is a project you can tackle yourself. First, visit your local hardware store for a solution to soften the texture, then simply scrape the popcorn away. Removing a popcorn ceiling may not seem like a big change but one of the keys for adding value to your home is to repair, replace or remove anything that could turn buyers away.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $200-$400</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Clean up the Lawn</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Overgrown or patchy lawns and outsized bushes will cause your home to stand out — in a bad way. The good news is that taming your jungle is an easy fix. For a few hundred dollars, hire a lawn service company to trim your lawn and shape your hedges. Your curb appeal will go from messy to maintained without blowing your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Cleanliness Counts</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The old adage that you only get one shot at a first impression is true. So, make the interior of you home shine from the moment someone walks through the door. For less than $400, hire a cleaning service for a thorough top-to-bottom scrubbing. Even if you clean your home regularly, there are nooks and crannies that you may miss or overlook. Let a cleaning service do the dirty work to really make your home sparkle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Visually Increase Your Home\'s Square Footage</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The size of your home dramatically affects the value, but square footage isn\'t the only space that counts. Visual space or how large a home feels also counts. The key is to make each room in your house feel larger. Replace heavy closed draperies with vertical blinds or shutters to let light in — a sunny room feels larger and more open. Also, try adding a single large mirror to a room to visually double the space. Finally, clear the clutter. The more clutter, furniture and plain old stuff you have in a room, the more cramped it will feel. For less than $400, add an attractive shelving unit to an underused space and store your clutter out of sight.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Small Bathroom Updates Equal a Big Return</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Bathroom updates are always a smart move. Even if you can\'t afford a full remodel, small changes such as replacing dated wallpaper with a faux or textured finish and replacing old lighting will update the room without denting your wallet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Add New Energy-Efficient Fixtures</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A functional, decorative ceiling fan is a beautiful thing. It provides necessary light and, in warm months, creates a soft breeze reducing the need for expensive air conditioning. But, an outdated, wobbly, loud or broken ceiling fan is a useless eyesore. Replace old fixtures with new ones to make your home more enjoyable for you now and to increase the bottom line should you decide to sell.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $400-$750</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Big Return on Bathroom Updates</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A great room to update for less than $750 is the bathroom. The two rooms that benefit most from even small renovations are the kitchen and bathroom. One cost-effective change — like replacing an outdated vanity, old plumbing and lighting fixtures or adding a new tile floor — will guarantee a lot of bang for your buck and give your bath an updated, modern look.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Any Kitchen Update Equals Added Value</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The same rule applies in the kitchen. You don\'t have to start from scratch to create a winning recipe. For maximizing your home\'s value, kitchen updates are key. Start by swapping out just one item, such as a stained sink or ancient microwave, for shiny new stainless models. Even small kitchen updates will add big value to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Replace Worn Carpets or Rugs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Take a look at your home\'s soft flooring. Are your carpets and area rugs stained or worn? Nothing turns buyers off more than the thought that they will immediately need to replace all of the flooring in a home. Ideally, you may want to replace them all, but if a limited budget puts a snag in that plan, start by replacing the carpet in the room that shows the most wear and tear and replace the others as your finances allow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Keep Up With Regular Maintenance and Repairs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Walk around your home and make a list of all the little things that are broken or in need of repair. Individually, small repairs might not seem important, but if every room has just one thing wrong, those small things will add up to create the impression that your home has been neglected. If you don\'t feel comfortable tackling the repairs yourself, hire a handyman for a day and watch your \"to do\" list disappear. Staying on top of maintenance today eliminates problems down the road should you decide to sell.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Get Help With Getting Organized</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Hire a professional organizer for a day. They will show you how to organize various rooms in your home and teach you tricks for keeping it organized. How does this increase your home\'s value? Simple — a clutter-free home appears cleaner and larger, which is more attractive to homebuyers and therefore more valuable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.hgtv.com/design/remodel/interior-remodel/30-tips-for-increasing-your-homes-value\"> click here</a>.</p>\n<!-- /wp:paragraph -->','30 Tips for Increasing Your Home\'s Value','','publish','open','open','','30-tips-for-increasing-your-homes-value','','','2021-06-09 00:28:34','2021-06-09 00:28:34','',0,'http://smartinsurance.tips/?p=1652',0,'post','',0),(1653,1,'2021-06-09 00:22:17','2021-06-09 00:22:17','<!-- wp:divi/placeholder /-->','30 Tips for Increasing Your Home\'s Value','','inherit','closed','closed','','1652-revision-v1','','','2021-06-09 00:22:17','2021-06-09 00:22:17','',1652,'http://smartinsurance.tips/?p=1653',0,'revision','',0),(1654,1,'2021-06-09 00:22:46','2021-06-09 00:22:46','','My-Post-8','','inherit','open','closed','','my-post-8-2','','','2021-06-09 00:22:46','2021-06-09 00:22:46','',1652,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-8.png',0,'attachment','image/png',0),(1660,1,'2021-06-09 23:50:00','2021-06-09 23:50:00','','My-Post-9','','inherit','open','closed','','my-post-9-3','','','2021-06-09 23:50:00','2021-06-09 23:50:00','',0,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-9.png',0,'attachment','image/png',0),(1661,1,'2021-06-09 23:53:41','2021-06-09 23:53:41','<!-- wp:image {\"id\":1665,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-10-1024x536.png\" alt=\"\" class=\"wp-image-1665\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Big moment: You’re finally ready to spruce up your house and get it ready to sell. (After all, it’s a seller’s market right now.) But which home improvements are most likely to boost your list price—and what are the not-worth-it renovations that are only going to set you back? We chatted with Rachel Stults, lifestyle expert at Realtor.com to get her take.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: A Fire Pit</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There’s huge demand right now for upgrades that maximize your yard, such as outdoor kitchens, outdoor living rooms, even features as simple to add as a fire pit. “The more you can do to make your backyard feel like an extension of your home, the more attractive your home will be to buyers—and the more money you can fetch,” says Stults.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: Landscaping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Curb appeal isn’t just about your home’s exterior paint color. Landscaping—say, a pristine-looking lawn or making the effort to plant shrubs in vibrant colors that pop—actually counts for a lot, says Stults.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: A Home Office</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Thanks to COVID-19 and the increasing option to work from home, this space is more important than ever before, Stults explains. Buyers are eager to see a dedicated home office in the listing, and sellers are quick to highlight them. If you don’t have this space already carved out on your property, it pays to do what you can to stage one, says Stults. “Don’t be afraid to get creative. You can make a home office in a nook under the stairs, in an unused part of the dining room, or even in a closet,” she explains. “In fact, there’ a big surge on Pinterest right now for inspiration around designing a ‘cloffice’—a portmanteau of the word ‘office’ and ‘closet.’”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/car-insurance/umbrella-insurance/\">click </a><a href=\"https://www.purewow.com/home/home-improvements-that-boost-resale-value?fbclid=IwAR3icpSUJSHI18YUezWCrGkWuwUc0kwWBPRI0yeN-9iksT7V4oHDZUGwfKY\" data-type=\"URL\">here</a>.</p>\n<!-- /wp:paragraph -->','6 Improvements That Will Get You Top Dollar on Your Home','','publish','open','open','','6-improvements-that-will-get-you-top-dollar-on-your-home','','','2021-06-09 23:57:13','2021-06-09 23:57:13','',0,'http://smartinsurance.tips/?p=1661',0,'post','',0),(1662,1,'2021-06-09 23:53:41','2021-06-09 23:53:41','<!-- wp:divi/placeholder /-->','6 Improvements That Will Get You Top Dollar on Your Home','','inherit','closed','closed','','1661-revision-v1','','','2021-06-09 23:53:41','2021-06-09 23:53:41','',1661,'http://smartinsurance.tips/?p=1662',0,'revision','',0),(1664,1,'2021-06-09 23:54:30','2021-06-09 23:54:30','','My-Post-9-1','','inherit','open','closed','','my-post-9-1','','','2021-06-09 23:54:30','2021-06-09 23:54:30','',1661,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-9-1.png',0,'attachment','image/png',0),(1669,1,'2021-06-10 00:11:14','2021-06-10 00:11:14','','My-Post-11','','inherit','open','closed','','my-post-11','','','2021-06-10 00:11:14','2021-06-10 00:11:14','',1667,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-11.png',0,'attachment','image/png',0),(1665,1,'2021-06-09 23:56:11','2021-06-09 23:56:11','','My-Post-10','','inherit','open','closed','','my-post-10-3','','','2021-06-09 23:56:11','2021-06-09 23:56:11','',1661,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-10.png',0,'attachment','image/png',0),(1667,1,'2021-06-10 00:10:59','2021-06-10 00:10:59','<!-- wp:gallery {\"ids\":[1669],\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery columns-1 is-cropped\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-11-1024x536.png\" alt=\"\" data-id=\"1669\" data-full-url=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-11.png\" data-link=\"http://smartinsurance.tips/25-fun-free-things-to-do-in-san-diego/my-post-11/\" class=\"wp-image-1669\"/></figure></li></ul></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2>On a budget, no problem!</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having fun in San Diego doesn\'t require a lot of money; in fact, many things to see and do are absolutely free. With 70 miles of beautiful beaches, near-perfect weather year-round, and a variety of magnificent settings countywide, San Diego offers a fun and inexpensive getaway, for kids and adults, any time of year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Browse through this list to help you plan the perfect San Diego itinerary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>Head to San Diego\'s many <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays.aspx\">beaches</a></strong> which are consistently ranked top in the nation. The beaches are all free to the public, to swim, body surf or hang-ten. Build a sandcastle, relax with a good book, or just bask in the sun – you won’t be disappointed.</li><li>Visit <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/la-jolla.aspx\">La Jolla Cove</a></strong> and see the magnificent sunset on the ocean. La Jolla Cove is one of the most spectacular natural settings in the world and delivers a spectacular sunset display at the end of each day.</li><li>Stroll along San Diego\'s <a href=\"https://www.sandiego.org/articles/downtown/the-embarcadero-in-san-diego-ca.aspx\"><strong>Embarcadero</strong></a> for hours of free entertainment, shopping, and more. Enjoy a laid-back day of hanging out in the grass and watching the many passing yachts and ships on picturesque <strong><a href=\"https://www.sandiego.org/members/associations-organizations/port-of-san-diego.aspx\">San Diego Bay</a></strong>, or take in the sights from one of the many bay-view eateries.</li><li>Stroll through the 16½-block historic <strong><a href=\"https://www.sandiego.org/system/page-not-found?item=web%3a%7b52C3F8F4-4EBE-4ABC-BEC8-9906817B1119%7d%40en\">Gaslamp Quarter</a></strong> in downtown San Diego and view the renovated turn-of-the-century Victorian architecture, home to boutiques, art galleries, specialty shops and more.</li><li>Fly a kite along the grassy field in the Tecolote Shores of <strong><a href=\"https://www.sandiego.org/explore/coastal/mission-bay-beaches.aspx\">Mission Bay Park</a></strong>, a 4,600-acre aquatic park. Here, away from trees and overhead wires, friends and family gather to launch colorful kites into the bay breezes.</li><li>Enjoy free organ concerts at 2:00 pm on Sundays at the <strong><a href=\"https://www.sandiego.org/members/music/spreckels-organ-society.aspx\">Spreckels Organ Pavilion</a></strong> in Balboa Park. The Organ Pavilion features one of world\'s largest outdoor pipe organs, a San Diego landmark since 1914, where organists play traditional favorites, waltzes and show tunes on enormous 32-foot pipes.</li><li>Visit <strong><a href=\"https://www.sandiego.org/explore/inland-valley-mountain-desert/mission-valley-old-town.aspx\">Old Town</a></strong> and witness the living legacy of San Diego history. Guests are also invited to wander free through Old Town\'s historic buildings, including the blacksmith shop, Seeley Stables, Stewart House, Estudillo House and the oldest schoolhouse in San Diego.</li><li>Bike or jog along <strong><a href=\"https://www.sandiego.org/explore/coastal/mission-bay-beaches.aspx\">Mission Bay Park\'s</a></strong> many trails. Joggers and walkers share more than 20 miles of scenic running paths that wind through sunlight and shade near the shoreline and feature workout courses at planned stations along the route. Or, rollerblade, skateboard or bicycle along the <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/mission-beach.aspx\">Mission Beach Boardwalk</a></strong>, a scenic 3-mile boardwalk along picturesque Mission and Pacific Beaches</li><li>Visit the <strong><a href=\"https://www.sandiego.org/members/tours-sightseeing/chula-vista-elite-athlete-training-center.aspx\">Chula Vista Elite Athlete Training Center</a></strong> (formerly the U.S. Olympic Training Center) in San Diego\'s South Bay for a free tour of the 150-acre facility, including training fields and tracks, athlete dorms and the Otay Lake Reservoir. Self-guided tours are available daily between 9:00 AM to 5:00 PM.</li><li>Take a scenic, one-hour drive to <strong>Mt. Laguna</strong>. Once there, hop out for an invigorating hike and enjoy the fresh mountain air whispering through the pines.</li><li>Step back in time with a stop in <strong><a href=\"https://www.sandiego.org/articles/east-county/julian.aspx\">Julian</a></strong>, a century-old gold mining town in the Cuyamaca Mountains. Pick up a free map at the Chamber of Commerce for a self-guided walking tour of the area\'s historic sites and later enjoy a slice of homemade apple pie - a Julian specialty!</li><li>Grab your picnic basket and head to <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/torrey-pines.aspx\">Torrey Pines State Beach</a></strong> where you can watch talented and daring hang gliders do tricks in the strong winds that sweep along the coastline cliffs.</li><li>Explore the <strong><a href=\"https://www.sandiego.org/explore/things-to-do/road-trips/san-diegos-59-mile-scenic-drive.aspx\">59-Mile Scenic Drive</a></strong> which winds you through charming neighborhoods and along the beautiful coastline to reveal attractions and natural wonders unique to San Diego.</li><li>Visit <strong><a href=\"https://www.sandiego.org/members/parks-gardens/mission-trails-regional-park.aspx\">Mission Trails Regional Park</a></strong> to explore the cultural, historical and recreational aspects of San Diego. Stop at the Visitor\'s Center and learn about the wonders of nature and the people who once lived on the land. Or, roam through the park\'s 40 miles of natural and developed hiking and biking trails.</li><li>Go scuba diving or snorkeling off San Diego\'s shores and see spectacular creatures of the sea. <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/la-jolla.aspx\">La Jolla Cove</a></strong> offers some of the clearest waters on the California coast, as well as miles of protected underwater preserves to explore.</li><li>Go <strong><a href=\"https://www.sandiego.org/explore/things-to-do/tours-sightseeing/bird-watching.aspx\">bird watching</a></strong> at one of the many wetland reserves including Tijuana Estuary, Sweetwater Marsh National Wildlife Refuge or the Famosa Slough in Point Loma to name a few. San Diego has more than 500 species of birds that either stop along the migration path in fall and spring, or call San Diego home year-round more than any other place in the continental United States.</li><li>The county has seasonal migrations in the fall and spring, plus over 400 species of birds call San Diego home year-round. Basically, San Diego offers great free birding.</li><li>Go hiking at <strong><a href=\"https://www.sandiego.org/articles/parks-gardens/torrey-pines-state-natural-reserve-park.aspx\">Torrey Pines State Reserve</a></strong>. Located high above Torrey Pines State Beach, cliffside hiking trails offer stunning views of the Pacific Ocean. The area is also home of the rare and ancient Torrey Pine as well as a beautiful protected habitat for swifts, thrashers, woodpeckers and wrentits. With cliffside hiking trails that feature stunning views of the Pacific Ocean.</li><li>Stroll through <strong><a href=\"https://www.sandiego.org/members/visitor-information-centers/balboa-park.aspx\">Balboa Park</a></strong> and marvel at its beautiful Spanish Colonial Revival architecture. While there, take advantage of the park\'s variety of offerings, including 17 museums (select museums free on Tuesdays for San Diego residents), free daily park tours, public organ concerts (Sundays), and spectacular gardens (seven are free daily). Stargaze outside the <strong><a href=\"https://www.sandiego.org/members/museums/fleet-science-center.aspx\">Fleet Science Center in Balboa Park</a></strong> on the first Wednesday of every month. The San Diego Astronomy Association sets up huge telescopes to offer guests a great view of all the stars in the night sky.</li><li>View 31 historical aircraft up close for free at the <a href=\"https://www.sandiego.org/system/page-not-found?item=web%3a%7bB2BA4FDD-E42E-4009-BB04-DF286E07BC15%7d%40en\"><strong>Flying Leatherneck Aviation Museum</strong></a> when it is open from Tuesdays-Sundays, 9:00 am to 3:30 pm. All programs including Open Cockpit Days and Pilot Talks are also offered without charge.</li><li>Gather family, friends and firewood for a cozy <strong>beach bonfire</strong> at one of the beaches in San Diego County, including <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/coronado.aspx\">Coronado Beach</a></strong>, <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/la-jolla.aspx\">La Jolla Shores</a></strong>, <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/ocean-beach.aspx\">Ocean Beach</a></strong> and <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/mission-beach.aspx\">Mission Beach</a></strong>.</li><li>Check out the 80+ murals of <strong><a href=\"https://www.sandiego.org/articles/parks-gardens/chicano-park.aspx\">Chicano Park</a></strong>, a National Landmark and home to the largest collection of outdoor Chicano murals.</li><li>Drive to the top of <strong><a href=\"https://www.sandiego.org/members/history-and-heritage/mt-soledad-national-veterans-memorial.aspx\">Mt. Soledad</a></strong> in La Jolla for breathtaking, 360-degree views of San Diego, including the gently curving La Jolla coastline and Mission Bay. Spectacular views of San Diego\'s East County communities also await guests at the top of <strong>Mt. Helix</strong>.</li><li>Visit the <strong><a href=\"https://www.sandiego.org/members/parks-gardens/anzaborrego-desert-state-park.aspx\">Anza-Borrego Desert State Park</a></strong> and experience the natural beauty of the desert. The 600,000-acre park is one of the largest state parks in the United States and following the winter rains each spring, explodes into a rainbow of colorful wildflower blossoms.</li><li>Take a scenic walk along <strong><a href=\"https://www.sandiego.org/members/associations-organizations/port-of-san-diego.aspx\">The Wonderfront</a></strong>, San Diego\'s \"largest attraction.\" With 27 miles of waterfront featuring bayside parks, marinas, hundreds of shops and restaurants, and miles of promenades and bikeways, the Big Bay appeals to all ages and interests.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.sandiego.org/articles/25-fun-free-things-to-do-in-san-diego.aspx\">click here</a>.</p>\n<!-- /wp:paragraph -->','25 Fun & Free Things to Do in San Diego','','publish','closed','closed','','25-fun-free-things-to-do-in-san-diego','','','2021-06-10 00:18:37','2021-06-10 00:18:37','',0,'http://smartinsurance.tips/?page_id=1667',0,'page','',0),(1668,1,'2021-06-10 00:10:59','2021-06-10 00:10:59','<!-- wp:divi/placeholder /-->','25 Fun & Free Things to Do in San Diego','','inherit','closed','closed','','1667-revision-v1','','','2021-06-10 00:10:59','2021-06-10 00:10:59','',1667,'http://smartinsurance.tips/?p=1668',0,'revision','',0),(1666,1,'2021-06-09 23:57:11','2021-06-09 23:57:11','<!-- wp:image {\"id\":1665,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-10-1024x536.png\" alt=\"\" class=\"wp-image-1665\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Big moment: You’re finally ready to spruce up your house and get it ready to sell. (After all, it’s a seller’s market right now.) But which home improvements are most likely to boost your list price—and what are the not-worth-it renovations that are only going to set you back? We chatted with Rachel Stults, lifestyle expert at Realtor.com to get her take.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: A Fire Pit</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There’s huge demand right now for upgrades that maximize your yard, such as outdoor kitchens, outdoor living rooms, even features as simple to add as a fire pit. “The more you can do to make your backyard feel like an extension of your home, the more attractive your home will be to buyers—and the more money you can fetch,” says Stults.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: Landscaping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Curb appeal isn’t just about your home’s exterior paint color. Landscaping—say, a pristine-looking lawn or making the effort to plant shrubs in vibrant colors that pop—actually counts for a lot, says Stults.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Worth It: A Home Office</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Thanks to COVID-19 and the increasing option to work from home, this space is more important than ever before, Stults explains. Buyers are eager to see a dedicated home office in the listing, and sellers are quick to highlight them. If you don’t have this space already carved out on your property, it pays to do what you can to stage one, says Stults. “Don’t be afraid to get creative. You can make a home office in a nook under the stairs, in an unused part of the dining room, or even in a closet,” she explains. “In fact, there’ a big surge on Pinterest right now for inspiration around designing a ‘cloffice’—a portmanteau of the word ‘office’ and ‘closet.’”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/car-insurance/umbrella-insurance/\">click </a><a href=\"https://www.purewow.com/home/home-improvements-that-boost-resale-value?fbclid=IwAR3icpSUJSHI18YUezWCrGkWuwUc0kwWBPRI0yeN-9iksT7V4oHDZUGwfKY\" data-type=\"URL\">here</a>.</p>\n<!-- /wp:paragraph -->','6 Improvements That Will Get You Top Dollar on Your Home','','inherit','closed','closed','','1661-revision-v1','','','2021-06-09 23:57:11','2021-06-09 23:57:11','',1661,'http://smartinsurance.tips/?p=1666',0,'revision','',0),(1651,1,'2021-06-09 00:20:06','2021-06-09 00:20:06','<!-- wp:image {\"id\":1650,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-7-1024x536.png\" alt=\"\" class=\"wp-image-1650\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">There are good reasons to own a home in retirement, but there are also plenty of arguments for renting. The latter may be less expensive if it means you don’t have to pay for maintenance and repairs. However, owning can be less stressful if you don’t have to worry about a landlord raising your rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Whichever route you go, housing costs will be one of your major monthly expenses in retirement. Here are some factors to consider when making a rent-versus-buy decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>KEY TAKEAWAYS</strong><br>Housing costs will be part of your retirement budget, whether you rent or own.<br>Fluctuations in market value, unexpected maintenance expenses, and insurance deductibles can increase ownership costs.<br>Though homes can be valuable assets to own, they shouldn’t be purchased primarily for investment.<br>Owning offers stability, tax benefits, and equity, among other perks.<br>Renting provides more flexibility and liquidity, and you’ll spend less money (and time) on maintenance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-6\">Tax Implications</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">In <a href=\"https://www.investopedia.com/articles/personal-finance/083115/renting-vs-owning-home-pros-and-cons.asp\">analyzing homeownership versus renting</a>, one thing to consider is the tax implications. Starting with returns filed in 2019, interest on qualified mortgages of $750,000 or less is deductible for a couple filing jointly. (If you bought your home before Dec. 16, 2017, you can still deduct interest on a $1-million-or-less mortgage under the previous law.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">However, now that property tax deductions, once a tremendous boon to taxpayers (especially in affluent areas), are capped at $10,000, and the standard deduction has been nearly doubled, both thanks to the Tax Cuts and Jobs Act of 2017, the number of people who are likely to take advantage of such savings by itemizing their deductions is considerably reduced.<sup>2</sup>&nbsp;Rental costs are not tax-deductible, so renters have no access to these potential savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-11\">Risks to Consider</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">In theory, buying a house after retirement gets you more for your money than renting. However, homeownership also entails substantial financial risks. Issues such as fluctuations in market value, unexpected maintenance expenses, and insurance deductibles can increase&nbsp;costs over and above those of renting. And whichever option you pick, don’t forget to plan for inflation—rent, taxes, and insurance costs all go up over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">Another major issue is the maintenance risk associated with ownership. Renting is like&nbsp;buying an insurance policy against maintenance; renters have no liability for regular maintenance costs, equipment failures, or catastrophes such as storms or floods. The landlord has to worry about those unexpected costs—as do homeowners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-16\">An Investment Opportunity?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">Though real estate can offer good investment opportunities, a residence shouldn’t be purchased only for that reason. Housing is an unavoidable cost of living, and liquidating an investment asset shouldn’t involve finding another place to live. Retirees shouldn\'t factor in the investment upside of ownership when planning for housing costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To actually use a home as an investment, a homeowner would have to buy low and sell high—buying and selling homes opportunistically. By selling a home to make a profit when prices are high, however, one takes the chance of becoming priced out of the market if prices continue to increase. Those on a fixed budget, as most retirees are, may not be able to purchase another house or apartment and will find themselves dealing with a landlord instead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In some ways renting can be the economic equivalent of shorting a stock. If you believe housing prices are headed lower, you could rent a residence, wait for prices to fall, and buy a home later. Being wrong about the direction of housing prices and ending up paying a higher purchase price is similar to paying a higher price for a stock to cover a short position.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-27\">Cashing out and Liquidity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Other financial benefits of being a tenant include freedom from worrying about housing market conditions and liquidity. Selling a home can take a long time; it also involves lots of paperwork, and most real estate agencies charge a commission, which reduces the return on the investment. Sidestepping these entanglements when it’s time to move can definitely be worth it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some retirees live solely on pension money—Social Security benefits, annuity payouts, or a government or union plan. They don’t always have large sums of liquid cash. Without sufficient assets on the sidelines for unexpected expenses, the regular costs of owning a home could be ruinous.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-32\">Advantages of Owning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">If you’re one of the 56% of homeowners who go into retirement unencumbered by a mortgage, according to an American Financing survey, the question of renting vs. owning may seem less complicated at first. Still, the fact that you have no house payment doesn’t make this a no-brainer. You’ll have to consider property taxes and maintenance costs, and the older your home, the higher those upkeep expenses could be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">Still, it’s easy to find arguments for staying—especially if you live in a house you own now (and have no health-related reason to leave). Here are some other key arguments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-37\">Stability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">If you own your home, you’ll likely enjoy more stability and control. You won’t have to worry about a landlord bumping up the rent. Likewise, a landlord can’t sell the residence out from under you. You still have the option to move, but it will be your decision—not a landlord’s. Also, you can’t remodel a rental, at least not without the owner’s permission.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-40\">Build Equity</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">For some retirees, it’s important to leave an inheritance. Others want to use accumulated home equity to take out a loan, line of credit, or reverse mortgage. These are situations in which ownership makes the most sense. In areas where property values are increasing rapidly, owning allows you to possess an asset that appreciates. And, of course, it also means you can avoid rent increases that are so common in hot real estate markets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-43\">Tax Benefits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">As noted above, though the 2017 tax bill lessened the ability to deduct mortgage interest and property taxes, such benefits still exist. In addition, other deductions, including mortgage points, can also work to lower the amount you owe. You get none of these tax perks if you rent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>WARNING:</strong> Mortgage lending discrimination is illegal. If you think you\'ve been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. One such step is to file a report to the Consumer Financial Protection Bureau or with the U.S. Department of Housing and Urban Development (HUD).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-48\">Emotions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">The degree to which you’re emotionally tied to the idea of homeownership—or to the particular home where you currently live—is an important, nonfinancial consideration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Pros</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Equity</li><li>Stability</li><li>Tax deductions</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Cons</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Maintenance costs, time</li><li>Illiquidity</li><li>Property taxes</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-54\">Advantages of Renting</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">Selling your home and moving into a rental has its points. If you currently rent, you know these benefits. But if you’re a homeowner contemplating jumping ship, here are some reasons to consider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-57\">Open Options</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-58\">Renting may make sense if you’re an empty nester, ready to downsize, or unsure of where you’ll spend your retirement years. You may want to move away for better weather or a lower cost of living for some years, but also be easily able to move closer to your family later on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your health—or that of a family member—can also be a factor if you believe you may need to move soon to receive or give care. Many assisted living, continuing care, or independent living communities are rent-only, leaving you with no choice if that’s where you’ll live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you do end up renting, a long-term lease will lessen the uncertainty of rising rents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-64\">Fewer Costs</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-65\">It’s important to compare the cost of renting to owning in the place where you plan to live. According to a 2016 report from Trulia, renting was less expensive in 98 out of 100 cities with a large population of residents 65 and older. Nevertheless, it’s worth noting that in the South owning is typically less expensive than renting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-67\">Less Maintenance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-68\">When you rent, you will likely not have to pay for major-league, structural maintenance. According to millionacres, homeowners spend between 1% and 4% each year on upkeep on average. The older the home, the higher the percentage. One caveat: Read the lease carefully before you sign and make sure your landlord is responsible for all (or nearly all) maintenance and repairs, especially if you’re renting a house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-70\">It’s not just the cost. As you get older, your ability to do any of these jobs yourself will inevitably decline. Maybe you don’t want to live somewhere that finds you regularly standing on ladders to change the light bulbs or shoveling snow from the sidewalk—or the roof. That’s when a super or building handyman can really help.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-72\">Freed-up Capital</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-73\">Renting may free up money that you can invest. That keeps you liquid and can increase your overall income during your retirement years. Investments often grow at a faster rate than real estate appreciates, making them an even better use of your money. Also, ownership puts you at risk in the event of another housing-market crash—something renting does not do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-75\">If you are contemplating selling your home and renting, one other consideration is capital gains tax. The current tax law allows a capital gains exclusion of $250,000 for single tax filers and $500,000 for married, joint filers. In addition, you will get to deduct expenses, such as realtor commissions and many capital improvements you may have done to the home over the years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-77\">For many, the exclusion and expense deductions may be enough to avoid paying any capital gains tax on the sale. For others, who may have lived in the home for years, or own a high-end home, it may not. In addition, many economic experts are predicting significant increases in the capital gains rate due to new policies being discussed by the current White House administration. Before making a move, it is best to consult with a qualified tax expert to weigh your options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-77\">Pros</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Liquidity</li><li>Little maintenance expense, responsibility</li><li>Flexibility in moving</li><li>Fewer costs, taxes</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Cons</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Unpredictable rent increases, eviction</li><li>No equity</li><li>No tax benefits</li><li>Inability to customize home</li><li>Potential capital gains tax</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-82\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-83\">For many people approaching retirement, the decision of whether to keep the family mansion or downsize to a smaller place is a difficult one. If you do decide to move, the stress and expense that can come with homeownership come into play. Whether to own or rent a home in retirement involves several considerations, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-85\"><li>What are the tax perks of renting vs. owning?</li><li>Is the home a potential investment opportunity or just another expense?</li><li>Which risks come with homeownership, in terms of unexpected costs, and can your budget withstand them?</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.investopedia.com/articles/retirement/07/buy-rent.asp\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Retirement Living: Renting vs. Homeownership','','inherit','closed','closed','','1647-revision-v1','','','2021-06-09 00:20:06','2021-06-09 00:20:06','',1647,'http://smartinsurance.tips/?p=1651',0,'revision','',0),(1656,1,'2021-06-09 00:28:33','2021-06-09 00:28:33','<!-- wp:image {\"id\":1654,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-8-1024x536.png\" alt=\"\" class=\"wp-image-1654\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: Under $100</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Spend an Hour With a Pro</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Invite a realtor or interior designer over to check out your home. Many realtors will do this as a courtesy, but you will probably have to pay a consultation fee to a designer. Check with several designers in your area; a standard hourly fee is normally less than $100, and in an hour they can give you lots of ideas for needed improvements. Even small suggested improvements, such as paint colors or furniture placement, can go a long way toward improving the look and feel of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Inspect It</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Not every home improvement is cosmetic. Deteriorating roofs, termite infestation or outdated electrical systems — you can\'t fix it if you don\'t know it\'s broken. Hire an inspector to check out the areas of your home that you don\'t normally see. They may discover hidden problems that could negatively impact your home\'s value. Small problems (such as a hidden water leak) can become big, expensive problems quickly; the longer you put off repairs, the more expensive those repairs will be.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Paint, Paint, Paint</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated — and that spells value. When selecting paint colors, keep in mind that neutrals appeal to the greatest number of people, therefore making your home more desirable. On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, painter\'s tape, drop cloths and brushes. So buy a few gallons and get busy!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Find Inspiration</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An alternative to hiring a designer is to search for remodeling and decorating inspiration in design-oriented magazines, books, TV shows and websites. Simply tear out or print off the ideas you want to try and start your to-do list. Keep it simple — when remodeling on a tight budget, do-it-yourself projects are best.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Cut Energy Costs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The amount of money you spend each month on energy costs may seem like a fixed amount, but many local utility companies provide free energy audits of their customers\' homes. They can show you how to maximize the energy efficiency of your home. An energy-efficient home will save you money now, which can be applied to other updates, and is a more valuable and marketable asset in the long run.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $100- $200</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Plant a Tree</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you aren\'t planning to sell your house today, plan for the future with a landscaping improvement that will mature over time. Plant shade trees — not only will mature trees make your home more desirable, but a fully grown, properly placed tree can cut your cooling costs by as much as 40 percent. Mature landscaping is also good for the environment, providing a necessary habitat for wildlife while adding valuable curb appeal to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Low-Maintenance Landscaping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>No question that shrubs and colorful plants will add curb appeal to any home, but when shopping at your local garden center, make sure that you \"think green.\" Purchase plants that are native to your region or plants that are drought-tolerant; these require less water and maintenance, which means more savings to you and more green in your wallet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Money-Saving Luxury</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Speaking of water, here\'s another way to tap into extra savings; install a water filtration system in your kitchen. Not only do these systems purify your water, they will also lower your grocery bills — no more bottled water. A water filtration system is an inexpensive addition, but it\'s the sort of small luxury that homebuyers love.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Improve the Air Quality Inside Your Home</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Air quality isn\'t just about the conditions outdoors. If you have older carpets in your home, they might be hiding contaminants and allergens. The first step to determine if these need replacing is to hire a professional company to test your indoor air quality. If the results prove that your carpets should be replaced, choose environmentally friendly natural products like tile or laminate floors. Hard-surface floors are much easier to keep clean, don\'t hold odors, give your home an updated look and, in general, are more appealing to buyers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Save the Popcorn for the Movies</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, what\'s on your ceiling? Few structural elements date a house more than popcorn ceilings. So dedicate a weekend to ditching the dated look and adding dollar signs to the value of your home. NOTE: some older ceilings could contain asbestos so before undertaking this project, have yours tested by professionals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you\'re in the clear, this is a project you can tackle yourself. First, visit your local hardware store for a solution to soften the texture, then simply scrape the popcorn away. Removing a popcorn ceiling may not seem like a big change but one of the keys for adding value to your home is to repair, replace or remove anything that could turn buyers away.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $200-$400</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Clean up the Lawn</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Overgrown or patchy lawns and outsized bushes will cause your home to stand out — in a bad way. The good news is that taming your jungle is an easy fix. For a few hundred dollars, hire a lawn service company to trim your lawn and shape your hedges. Your curb appeal will go from messy to maintained without blowing your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Cleanliness Counts</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The old adage that you only get one shot at a first impression is true. So, make the interior of you home shine from the moment someone walks through the door. For less than $400, hire a cleaning service for a thorough top-to-bottom scrubbing. Even if you clean your home regularly, there are nooks and crannies that you may miss or overlook. Let a cleaning service do the dirty work to really make your home sparkle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Visually Increase Your Home\'s Square Footage</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The size of your home dramatically affects the value, but square footage isn\'t the only space that counts. Visual space or how large a home feels also counts. The key is to make each room in your house feel larger. Replace heavy closed draperies with vertical blinds or shutters to let light in — a sunny room feels larger and more open. Also, try adding a single large mirror to a room to visually double the space. Finally, clear the clutter. The more clutter, furniture and plain old stuff you have in a room, the more cramped it will feel. For less than $400, add an attractive shelving unit to an underused space and store your clutter out of sight.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Small Bathroom Updates Equal a Big Return</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Bathroom updates are always a smart move. Even if you can\'t afford a full remodel, small changes such as replacing dated wallpaper with a faux or textured finish and replacing old lighting will update the room without denting your wallet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Add New Energy-Efficient Fixtures</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A functional, decorative ceiling fan is a beautiful thing. It provides necessary light and, in warm months, creates a soft breeze reducing the need for expensive air conditioning. But, an outdated, wobbly, loud or broken ceiling fan is a useless eyesore. Replace old fixtures with new ones to make your home more enjoyable for you now and to increase the bottom line should you decide to sell.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Home Improvements: $400-$750</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 1: Big Return on Bathroom Updates</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A great room to update for less than $750 is the bathroom. The two rooms that benefit most from even small renovations are the kitchen and bathroom. One cost-effective change — like replacing an outdated vanity, old plumbing and lighting fixtures or adding a new tile floor — will guarantee a lot of bang for your buck and give your bath an updated, modern look.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 2: Any Kitchen Update Equals Added Value</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The same rule applies in the kitchen. You don\'t have to start from scratch to create a winning recipe. For maximizing your home\'s value, kitchen updates are key. Start by swapping out just one item, such as a stained sink or ancient microwave, for shiny new stainless models. Even small kitchen updates will add big value to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 3: Replace Worn Carpets or Rugs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Take a look at your home\'s soft flooring. Are your carpets and area rugs stained or worn? Nothing turns buyers off more than the thought that they will immediately need to replace all of the flooring in a home. Ideally, you may want to replace them all, but if a limited budget puts a snag in that plan, start by replacing the carpet in the room that shows the most wear and tear and replace the others as your finances allow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 4: Keep Up With Regular Maintenance and Repairs</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Walk around your home and make a list of all the little things that are broken or in need of repair. Individually, small repairs might not seem important, but if every room has just one thing wrong, those small things will add up to create the impression that your home has been neglected. If you don\'t feel comfortable tackling the repairs yourself, hire a handyman for a day and watch your \"to do\" list disappear. Staying on top of maintenance today eliminates problems down the road should you decide to sell.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip 5: Get Help With Getting Organized</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Hire a professional organizer for a day. They will show you how to organize various rooms in your home and teach you tricks for keeping it organized. How does this increase your home\'s value? Simple — a clutter-free home appears cleaner and larger, which is more attractive to homebuyers and therefore more valuable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.hgtv.com/design/remodel/interior-remodel/30-tips-for-increasing-your-homes-value\"> click here</a>.</p>\n<!-- /wp:paragraph -->','30 Tips for Increasing Your Home\'s Value','','inherit','closed','closed','','1652-revision-v1','','','2021-06-09 00:28:33','2021-06-09 00:28:33','',1652,'http://smartinsurance.tips/?p=1656',0,'revision','',0),(1672,1,'2021-06-10 00:35:45','2021-06-10 00:35:45','<!-- wp:image {\"id\":1677,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-13-1024x536.png\" alt=\"\" class=\"wp-image-1677\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Trusts and estates are the two main legal structures for transferring assets to your heirs and beneficiaries. Each works in critically different ways. Estates make a one-time transfer of your assets after death. Trusts, meanwhile, allow you to create an ongoing transfer of assets both before and after death. Here’s how each one works. Consider working with a financial advisor as you weigh the relative merits of trusts and estates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>What Is an Estate?</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate is everything that you own when you die. This does not include anything held jointly with someone else. Nor does it include anything that you have transferred or otherwise assigned by the time you die. Your heirs include anyone who receives money, belongings or other assets from the estate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, for example, say Steve dies. The house that Steve and his wife owned together doesn’t become part of his estate, as it now belongs solely to his wife. Nor would anything that Steve gave away as his death was approaching. Instead, Steve’s estate would include anything that Steve independently owned at the time of his death.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate is temporary. It exists to make a one-time distribution of the assets of the deceased. Once those assets have been disposed of, the estate no longer exists. This does not mean, however, that an estate is necessarily short-lived. Some estates can last for years, if that’s how long it takes to make a final distribution of all assets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate can be distributed in two main ways: by will or by legal chain of inheritance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A will is a series of instructions for who should get the assets of an estate and how those assets should be distributed. If the decedent (a legal term for person who died) has a valid will at the time of death, the estate is distributed under those terms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When someone dies without a will, this is known as dying intestate. In this case their assets will be distributed according to state law. Most of the time this means that the decedent’s assets go directly to their next of kin. In most states, spouses claim priority in this line of inheritance, followed by children, then parents and then extended family.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the most common misunderstandings regarding an estate is how much control someone has over the terms of his or her will. While state law governs who inherits when someone dies intestate, most states have very few restrictions on how someone can distribute assets through a will. When you die, you are mostly free to leave your belongings to whoever you choose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before anyone can inherit, however, an estate has to resolve three main obligations:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Existing debts;</li><li>Estate taxes;</li><li>Costs, fines and fees.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>When someone dies, creditors and bill collectors have first claim on the assets of the estate. The estate pays all debts owed by the dead person before anyone else can inherit. This can involve selling off property, if the deceased didn’t have enough cash to pay bills. If those bills are larger than the estate itself, the heirs receive nothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, when someone is wealthy enough, the person’s estate can trigger dedicated estate taxes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Estate taxes are assessed based on how much an heir has received, and they require a high level of wealth. In general, for an individual, estate taxes do not apply unless you have inherited more than $11.18 million ($22.36 million for a couple filing jointly). This includes not only cash but also the value of any property or other assets. (For example, if you inherit land worth $30 million you will owe estate taxes on that inheritance.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If estate taxes apply, they are paid out of the estate itself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, some estates require oversight and management. Any related costs and fees are drawn directly from the estate itself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate can trigger any number of different potential costs. For example if the terms of a will are overseen by a lawyer, that attorney will bill his or her legal fees directly to the estate. If an estate requires management, someone may be named its executor. This is someone whose job it is to distribute assets according to the will’s instructions, pay any bills, and otherwise manage the distribution of assets. Depending on the workload, the executor may bill the estate for his or her time. Or, if an estate is large or complex enough, a probate court judge may oversee the distribution of assets. Court costs and fees are drawn from the estate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In other words, any costs related to the management of the estate are paid by the estate itself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.sandiego.org/articles/25-fun-free-things-to-do-in-san-diego.aspx\">click </a><a href=\"https://finance.yahoo.com/news/estate-vs-trust-difference-202941439.html\">here</a>.</p>\n<!-- /wp:paragraph -->','Estate vs. Trust: What’s the Difference?','','publish','open','open','','estate-vs-trust-whats-the-difference','','','2021-06-10 00:43:45','2021-06-10 00:43:45','',0,'http://smartinsurance.tips/?p=1672',0,'post','',0),(1673,1,'2021-06-10 00:35:45','2021-06-10 00:35:45','<!-- wp:divi/placeholder /-->','Estate vs. Trust: What’s the Difference?','','inherit','closed','closed','','1672-revision-v1','','','2021-06-10 00:35:45','2021-06-10 00:35:45','',1672,'http://smartinsurance.tips/?p=1673',0,'revision','',0),(1675,1,'2021-06-10 00:37:35','2021-06-10 00:37:35','','My-Post-12','','inherit','open','closed','','my-post-12-2','','','2021-06-10 00:37:35','2021-06-10 00:37:35','',1672,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-12.png',0,'attachment','image/png',0),(1676,1,'2021-06-10 00:37:39','2021-06-10 00:37:39','','image','','inherit','open','closed','','image-2','','','2021-06-10 00:37:39','2021-06-10 00:37:39','',1672,'http://smartinsurance.tips/wp-content/uploads/2021/06/image.png',0,'attachment','image/png',0),(1680,1,'2021-06-10 00:44:50','2021-06-10 00:44:50','<!-- wp:divi/placeholder /-->','New home construction in Mira Mesa sparks massive interest','','inherit','closed','closed','','1679-revision-v1','','','2021-06-10 00:44:50','2021-06-10 00:44:50','',1679,'http://smartinsurance.tips/?p=1680',0,'revision','',0),(1682,1,'2021-06-10 00:45:51','2021-06-10 00:45:51','','My-Post-14','','inherit','open','closed','','my-post-14-2','','','2021-06-10 00:45:51','2021-06-10 00:45:51','',1679,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-14.png',0,'attachment','image/png',0),(1684,1,'2021-06-10 00:47:43','2021-06-10 00:47:43','<!-- wp:image {\"id\":1686,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-15-1024x536.png\" alt=\"\" class=\"wp-image-1686\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>This year saw an incredible shift in the day-to-day operations of the world. Offices shuttered, daily commutes ended, and we tried to do it all—from schooling to working out to therapy to vacations—in our homes. According to a study, 36.2 million Americans (22% of the workforce) will be working remotely by 2025, which is an 87% increase from the number of remote workers prior to the pandemic. It’s no wonder that how we’re thinking about renovation projects has likely changed from previous years. So we reached out to those in the world of decorating, landscape design, and home improvement for the scoop on what they think the big trends will be for 2021 reno projects.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Giving rooms a new life</strong><br>“Entertainment and recreational room design help requests have, as of recently, begun to supersede family room makeovers, which were the leading trend for the past eight to nine months,” says Devin Shaffer, lead interior designer at Decorilla Online Interior Design. “The pandemic continues to teach us new ways to maximize the uses of the space that we’re spending time in. Because of this, many homeowners have maxed out the design opportunities for the most commonly used rooms in their homes and are now seeking expert advice on what rooms or areas in their home can take on a new life. Basement remodel projects are a great way to create a recreational room, and they have been in high demand over the last quarter of the year. We expect this to trend more and more over the next year.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The most fun requests Devin is seeing: in-home theaters, indoor bowling lanes, full home bars, indoor golf simulators, and climbing walls. “It\'s been really interesting to see designers and clients get creative with out-of-the-box alternatives to basements with garage-to–home-gym conversions, guest bedrooms–to–at-home arcade rooms, and the latest is a home library–to–Lego-collection showroom.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Focusing on work-from-home sanctuaries</strong><br>“With more and more workers taking up remote positions in a post-COVID world, I think we are going to see an even larger increase in demand for live/work-space renovation, whether that’s the transformation of current bedrooms and bonus spaces into offices or the addition of purpose-built home-office structures to empty land,” says Christian Adams, CEO and cofounder at Repair Pricer. “The focus will be on creating functional spaces that can double for both [live/work] purposes, such as built-in furniture that can be hidden away or used for work and storage, or improving sound insulation in existing walls and areas to create a calm environment for work.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“People will spend more time and effort in designing a unique working space to maximize their concentration, motivation, and productivity,” says Jing Xue, COO and cofounder of DecorMatters. “Things like location, colors, decorations, and furniture have a big effect on your mental and physical state. In fact, bright lighting has been shown to make people happier, ambient sounds help people focus, and poor air quality can lead to a drop in productivity.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Making room for multigenerational households</strong><br>“One trend I have seen emerging in major markets that has even been picked up on by large tract builders such as Lennar, is the creation of purpose-built multigenerational homes with essentially two separate homes under one roof,” says Christian. “This is not just down to the shifting dynamic among families but also because of the ability for homeowners to monetize the extra space for long-term rentals or even Airbnb-style short-term leasing.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We\'ve already had our eyes opened to the power of ADUs and backyard casitas but prepare for an ever-growing landscape of modular solutions that, Christian adds, “will come ready to assemble, allowing for renovators to offer a complete turnkey solution for customers where they can literally pick a tiny home from a catalog and have it constructed on site in record time. This also removes the need for large-scale ongoing construction disrupting an often already chaotic home environment where space and privacy is already in short supply.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Incorporating green solutions</strong><br>“Now that the Electoral College has confirmed Joe Biden as the next president, I think we will see a return to green initiatives that were sorely lacking under the previous government. Whether it’s the addition of larger systems like solar power or rainwater harvesting to existing homes or simpler incentives for property owners to undertake insulation and HVAC upgrades, this new initiative will bring a boon of work for both the commercial and residential renovation industries,” says Christian. “At Repair Pricer we have already seen an increase in the prevalence of these types of additions and upgrades, and with potential new tax incentives for green renovation we would expect that trend to continue well into 2021 and beyond.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Extending the indoors into the outdoors</strong><br>“Creating a comfortable outdoor living space that is an extension of your indoors will continue to be popular with 2021 home renovations, and not just in the warmer climates,” says Blythe Yost, lead designer and cofounder of landscape design company Tilly. “Designing so that there is a natural flow between the indoors and outdoors with features like large sliding or folding glass doors allow for the option to let the outside in, and vice versa. Drop-down screens on the porch to help with mosquitos, outdoor heating lamps, outdoor fire places that create warmth, and cozy couches will extend your relaxation into the cooler months.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Creating bathroom oases</strong><br>How often have you escaped to your bathroom this year with the sole purpose of quiet alone time? The experts at Houzz have the same idea, saying that with the right features, a bathroom can help reduce stress. According to a 2020 Houzz Bathroom Trends Study, two in five homeowners (41%) who renovated a master bathroom say they rely on their new space for rest and relaxation. It’s time to start saving up for renos as big as soaking tubs and steam showers, to smaller upgrades like aromatherapy shower heads and bathtub fillers that can hold a cup of tea or glass of wine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Getting bigger with tiles</strong><br>Since we’re spending all our time at home, making visual upgrades is a big part of the home reno trends. Large-format tile can help visually expand a small space, according to the professionals on Houzz, so their use is on the rise. Another bonus of the trend: Fewer grout lines means less cleaning and less visual clutter. “We’re seeing large tiles used in a variety of classic patterns, such as herringbone, stacked, and brick,” says Houzz senior editor Mitchell Parker. He recommends if you’re considering large rectangle tiles for an area like the bathroom floor, go with a matte finish, which provides some slip resistance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.architecturaldigest.com/story/renovation-trends-2021?fbclid=IwAR3WVCvGLD3JifwTfHveg7Ol1ovQjgwK4k0CXctu49O2UZd6Ye33McgRHE4\">click here</a>.</p>\n<!-- /wp:paragraph -->','7 Renovation Trends to Look Out For in 2021','','publish','open','open','','7-renovation-trends-to-look-out-for-in-2021','','','2021-06-10 00:50:44','2021-06-10 00:50:44','',0,'http://smartinsurance.tips/?p=1684',0,'post','',0),(1685,1,'2021-06-10 00:47:43','2021-06-10 00:47:43','<!-- wp:divi/placeholder /-->','7 Renovation Trends to Look Out For in 2021','','inherit','closed','closed','','1684-revision-v1','','','2021-06-10 00:47:43','2021-06-10 00:47:43','',1684,'http://smartinsurance.tips/?p=1685',0,'revision','',0),(1686,1,'2021-06-10 00:48:34','2021-06-10 00:48:34','','My-Post-15','','inherit','open','closed','','my-post-15-2','','','2021-06-10 00:48:34','2021-06-10 00:48:34','',1684,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-15.png',0,'attachment','image/png',0),(1683,1,'2021-06-10 00:47:11','2021-06-10 00:47:11','<!-- wp:gallery {\"ids\":[1682],\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery columns-1 is-cropped\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-14-1024x536.png\" alt=\"\" data-id=\"1682\" data-full-url=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-14.png\" data-link=\"http://smartinsurance.tips/new-home-construction-in-mira-mesa-sparks-massive-interest/my-post-14-2/\" class=\"wp-image-1682\"/></figure></li></ul></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>More than 14,000 people have expressed interest in the first 200 homes of the 1,800-unit 3Roots development.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>SAN DIEGO — Construction is well underway into the first phase of the 3Roots project in Mira Mesa. Once complete, the new community will boast modern amenities to serve the 1,800 new homes and acres of new park spaces.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The first 200 homes will begin presale next month and have spurred the interest of more than 14,000 people.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“A year from now you’ll look at this and a lot of the landscaping will be in, the streets will be in, we’ll actually have closings by the end of this year with families moving and starting their lives with 3Roots, which we’re very, very excited about,” said Robby Thorne, CEO of California West Communities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3Roots is the product of three building companies, California West, Shea Homes and Lennar, that have taken on the project to turn the former mining operation into a community.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The basis for the project began in 1994 when a community plan for the area was approved. Mining ended two decades later and then the builders won the regulatory approval for their plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“There are 10 different model sites under construction right now and the phases start for each product line in the next 30 days or so,” said Thorne. “This is really a mechanical ballet. When you see all this equipment and the hundreds and even thousands of people working on this.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3Roots will feature about 1,200 owner-occupied homes, 450 apartments and 180 affordable homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Demand for the homes, located north of Carroll Canyon Road and east of Camino Santa Fe, is being driven by its proximity to San Diego County’s biggest employers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Probably 20 of the top 30 companies are within a six- or seven-mile radius of where we’re standing right now,” said Thorne.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Construction on 3Roots will take about five years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“We look forward to what the future holds. Right now, our focus is on 3Roots and all of the excitement that’s building,” said Thorne. “At the end of the day, this is an economic venture for all of us but it’s also something that we love to do as it relates to providing housing for families.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.cbs8.com/article/news/local/new-home-construction-in-mira-mesa-sparks-massive-interest/509-9e7ffca2-f319-4a46-89e5-2720addbaafc?fbclid=IwAR3jRGoxNDJ2Yk41A0cu95BQtEK-xGq_t8SPyPQkif_kE9WSxPswL89M4aE\">click here</a>.</p>\n<!-- /wp:paragraph -->','New home construction in Mira Mesa sparks massive interest','','inherit','closed','closed','','1679-revision-v1','','','2021-06-10 00:47:11','2021-06-10 00:47:11','',1679,'http://smartinsurance.tips/?p=1683',0,'revision','',0),(1677,1,'2021-06-10 00:41:18','2021-06-10 00:41:18','','My-Post-13','','inherit','open','closed','','my-post-13-2','','','2021-06-10 00:41:18','2021-06-10 00:41:18','',1672,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-13.png',0,'attachment','image/png',0),(1679,1,'2021-06-10 00:44:50','2021-06-10 00:44:50','<!-- wp:gallery {\"ids\":[1682],\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery columns-1 is-cropped\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-14-1024x536.png\" alt=\"\" data-id=\"1682\" data-full-url=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-14.png\" data-link=\"http://smartinsurance.tips/new-home-construction-in-mira-mesa-sparks-massive-interest/my-post-14-2/\" class=\"wp-image-1682\"/></figure></li></ul></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>More than 14,000 people have expressed interest in the first 200 homes of the 1,800-unit 3Roots development.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>SAN DIEGO — Construction is well underway into the first phase of the 3Roots project in Mira Mesa. Once complete, the new community will boast modern amenities to serve the 1,800 new homes and acres of new park spaces.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The first 200 homes will begin presale next month and have spurred the interest of more than 14,000 people.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“A year from now you’ll look at this and a lot of the landscaping will be in, the streets will be in, we’ll actually have closings by the end of this year with families moving and starting their lives with 3Roots, which we’re very, very excited about,” said Robby Thorne, CEO of California West Communities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3Roots is the product of three building companies, California West, Shea Homes and Lennar, that have taken on the project to turn the former mining operation into a community.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The basis for the project began in 1994 when a community plan for the area was approved. Mining ended two decades later and then the builders won the regulatory approval for their plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“There are 10 different model sites under construction right now and the phases start for each product line in the next 30 days or so,” said Thorne. “This is really a mechanical ballet. When you see all this equipment and the hundreds and even thousands of people working on this.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3Roots will feature about 1,200 owner-occupied homes, 450 apartments and 180 affordable homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Demand for the homes, located north of Carroll Canyon Road and east of Camino Santa Fe, is being driven by its proximity to San Diego County’s biggest employers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Probably 20 of the top 30 companies are within a six- or seven-mile radius of where we’re standing right now,” said Thorne.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Construction on 3Roots will take about five years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“We look forward to what the future holds. Right now, our focus is on 3Roots and all of the excitement that’s building,” said Thorne. “At the end of the day, this is an economic venture for all of us but it’s also something that we love to do as it relates to providing housing for families.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.cbs8.com/article/news/local/new-home-construction-in-mira-mesa-sparks-massive-interest/509-9e7ffca2-f319-4a46-89e5-2720addbaafc?fbclid=IwAR3jRGoxNDJ2Yk41A0cu95BQtEK-xGq_t8SPyPQkif_kE9WSxPswL89M4aE\">click here</a>.</p>\n<!-- /wp:paragraph -->','New home construction in Mira Mesa sparks massive interest','','publish','open','open','','new-home-construction-in-mira-mesa-sparks-massive-interest','','','2021-06-10 00:47:13','2021-06-10 00:47:13','',0,'http://smartinsurance.tips/?p=1679',0,'post','',0),(1671,1,'2021-06-10 00:18:36','2021-06-10 00:18:36','<!-- wp:gallery {\"ids\":[1669],\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery columns-1 is-cropped\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-11-1024x536.png\" alt=\"\" data-id=\"1669\" data-full-url=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-11.png\" data-link=\"http://smartinsurance.tips/25-fun-free-things-to-do-in-san-diego/my-post-11/\" class=\"wp-image-1669\"/></figure></li></ul></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2>On a budget, no problem!</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having fun in San Diego doesn\'t require a lot of money; in fact, many things to see and do are absolutely free. With 70 miles of beautiful beaches, near-perfect weather year-round, and a variety of magnificent settings countywide, San Diego offers a fun and inexpensive getaway, for kids and adults, any time of year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Browse through this list to help you plan the perfect San Diego itinerary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>Head to San Diego\'s many <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays.aspx\">beaches</a></strong> which are consistently ranked top in the nation. The beaches are all free to the public, to swim, body surf or hang-ten. Build a sandcastle, relax with a good book, or just bask in the sun – you won’t be disappointed.</li><li>Visit <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/la-jolla.aspx\">La Jolla Cove</a></strong> and see the magnificent sunset on the ocean. La Jolla Cove is one of the most spectacular natural settings in the world and delivers a spectacular sunset display at the end of each day.</li><li>Stroll along San Diego\'s <a href=\"https://www.sandiego.org/articles/downtown/the-embarcadero-in-san-diego-ca.aspx\"><strong>Embarcadero</strong></a> for hours of free entertainment, shopping, and more. Enjoy a laid-back day of hanging out in the grass and watching the many passing yachts and ships on picturesque <strong><a href=\"https://www.sandiego.org/members/associations-organizations/port-of-san-diego.aspx\">San Diego Bay</a></strong>, or take in the sights from one of the many bay-view eateries.</li><li>Stroll through the 16½-block historic <strong><a href=\"https://www.sandiego.org/system/page-not-found?item=web%3a%7b52C3F8F4-4EBE-4ABC-BEC8-9906817B1119%7d%40en\">Gaslamp Quarter</a></strong> in downtown San Diego and view the renovated turn-of-the-century Victorian architecture, home to boutiques, art galleries, specialty shops and more.</li><li>Fly a kite along the grassy field in the Tecolote Shores of <strong><a href=\"https://www.sandiego.org/explore/coastal/mission-bay-beaches.aspx\">Mission Bay Park</a></strong>, a 4,600-acre aquatic park. Here, away from trees and overhead wires, friends and family gather to launch colorful kites into the bay breezes.</li><li>Enjoy free organ concerts at 2:00 pm on Sundays at the <strong><a href=\"https://www.sandiego.org/members/music/spreckels-organ-society.aspx\">Spreckels Organ Pavilion</a></strong> in Balboa Park. The Organ Pavilion features one of world\'s largest outdoor pipe organs, a San Diego landmark since 1914, where organists play traditional favorites, waltzes and show tunes on enormous 32-foot pipes.</li><li>Visit <strong><a href=\"https://www.sandiego.org/explore/inland-valley-mountain-desert/mission-valley-old-town.aspx\">Old Town</a></strong> and witness the living legacy of San Diego history. Guests are also invited to wander free through Old Town\'s historic buildings, including the blacksmith shop, Seeley Stables, Stewart House, Estudillo House and the oldest schoolhouse in San Diego.</li><li>Bike or jog along <strong><a href=\"https://www.sandiego.org/explore/coastal/mission-bay-beaches.aspx\">Mission Bay Park\'s</a></strong> many trails. Joggers and walkers share more than 20 miles of scenic running paths that wind through sunlight and shade near the shoreline and feature workout courses at planned stations along the route. Or, rollerblade, skateboard or bicycle along the <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/mission-beach.aspx\">Mission Beach Boardwalk</a></strong>, a scenic 3-mile boardwalk along picturesque Mission and Pacific Beaches</li><li>Visit the <strong><a href=\"https://www.sandiego.org/members/tours-sightseeing/chula-vista-elite-athlete-training-center.aspx\">Chula Vista Elite Athlete Training Center</a></strong> (formerly the U.S. Olympic Training Center) in San Diego\'s South Bay for a free tour of the 150-acre facility, including training fields and tracks, athlete dorms and the Otay Lake Reservoir. Self-guided tours are available daily between 9:00 AM to 5:00 PM.</li><li>Take a scenic, one-hour drive to <strong>Mt. Laguna</strong>. Once there, hop out for an invigorating hike and enjoy the fresh mountain air whispering through the pines.</li><li>Step back in time with a stop in <strong><a href=\"https://www.sandiego.org/articles/east-county/julian.aspx\">Julian</a></strong>, a century-old gold mining town in the Cuyamaca Mountains. Pick up a free map at the Chamber of Commerce for a self-guided walking tour of the area\'s historic sites and later enjoy a slice of homemade apple pie - a Julian specialty!</li><li>Grab your picnic basket and head to <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/torrey-pines.aspx\">Torrey Pines State Beach</a></strong> where you can watch talented and daring hang gliders do tricks in the strong winds that sweep along the coastline cliffs.</li><li>Explore the <strong><a href=\"https://www.sandiego.org/explore/things-to-do/road-trips/san-diegos-59-mile-scenic-drive.aspx\">59-Mile Scenic Drive</a></strong> which winds you through charming neighborhoods and along the beautiful coastline to reveal attractions and natural wonders unique to San Diego.</li><li>Visit <strong><a href=\"https://www.sandiego.org/members/parks-gardens/mission-trails-regional-park.aspx\">Mission Trails Regional Park</a></strong> to explore the cultural, historical and recreational aspects of San Diego. Stop at the Visitor\'s Center and learn about the wonders of nature and the people who once lived on the land. Or, roam through the park\'s 40 miles of natural and developed hiking and biking trails.</li><li>Go scuba diving or snorkeling off San Diego\'s shores and see spectacular creatures of the sea. <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/la-jolla.aspx\">La Jolla Cove</a></strong> offers some of the clearest waters on the California coast, as well as miles of protected underwater preserves to explore.</li><li>Go <strong><a href=\"https://www.sandiego.org/explore/things-to-do/tours-sightseeing/bird-watching.aspx\">bird watching</a></strong> at one of the many wetland reserves including Tijuana Estuary, Sweetwater Marsh National Wildlife Refuge or the Famosa Slough in Point Loma to name a few. San Diego has more than 500 species of birds that either stop along the migration path in fall and spring, or call San Diego home year-round more than any other place in the continental United States.</li><li>The county has seasonal migrations in the fall and spring, plus over 400 species of birds call San Diego home year-round. Basically, San Diego offers great free birding.</li><li>Go hiking at <strong><a href=\"https://www.sandiego.org/articles/parks-gardens/torrey-pines-state-natural-reserve-park.aspx\">Torrey Pines State Reserve</a></strong>. Located high above Torrey Pines State Beach, cliffside hiking trails offer stunning views of the Pacific Ocean. The area is also home of the rare and ancient Torrey Pine as well as a beautiful protected habitat for swifts, thrashers, woodpeckers and wrentits. With cliffside hiking trails that feature stunning views of the Pacific Ocean.</li><li>Stroll through <strong><a href=\"https://www.sandiego.org/members/visitor-information-centers/balboa-park.aspx\">Balboa Park</a></strong> and marvel at its beautiful Spanish Colonial Revival architecture. While there, take advantage of the park\'s variety of offerings, including 17 museums (select museums free on Tuesdays for San Diego residents), free daily park tours, public organ concerts (Sundays), and spectacular gardens (seven are free daily). Stargaze outside the <strong><a href=\"https://www.sandiego.org/members/museums/fleet-science-center.aspx\">Fleet Science Center in Balboa Park</a></strong> on the first Wednesday of every month. The San Diego Astronomy Association sets up huge telescopes to offer guests a great view of all the stars in the night sky.</li><li>View 31 historical aircraft up close for free at the <a href=\"https://www.sandiego.org/system/page-not-found?item=web%3a%7bB2BA4FDD-E42E-4009-BB04-DF286E07BC15%7d%40en\"><strong>Flying Leatherneck Aviation Museum</strong></a> when it is open from Tuesdays-Sundays, 9:00 am to 3:30 pm. All programs including Open Cockpit Days and Pilot Talks are also offered without charge.</li><li>Gather family, friends and firewood for a cozy <strong>beach bonfire</strong> at one of the beaches in San Diego County, including <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/coronado.aspx\">Coronado Beach</a></strong>, <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/la-jolla.aspx\">La Jolla Shores</a></strong>, <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/ocean-beach.aspx\">Ocean Beach</a></strong> and <strong><a href=\"https://www.sandiego.org/explore/things-to-do/beaches-bays/mission-beach.aspx\">Mission Beach</a></strong>.</li><li>Check out the 80+ murals of <strong><a href=\"https://www.sandiego.org/articles/parks-gardens/chicano-park.aspx\">Chicano Park</a></strong>, a National Landmark and home to the largest collection of outdoor Chicano murals.</li><li>Drive to the top of <strong><a href=\"https://www.sandiego.org/members/history-and-heritage/mt-soledad-national-veterans-memorial.aspx\">Mt. Soledad</a></strong> in La Jolla for breathtaking, 360-degree views of San Diego, including the gently curving La Jolla coastline and Mission Bay. Spectacular views of San Diego\'s East County communities also await guests at the top of <strong>Mt. Helix</strong>.</li><li>Visit the <strong><a href=\"https://www.sandiego.org/members/parks-gardens/anzaborrego-desert-state-park.aspx\">Anza-Borrego Desert State Park</a></strong> and experience the natural beauty of the desert. The 600,000-acre park is one of the largest state parks in the United States and following the winter rains each spring, explodes into a rainbow of colorful wildflower blossoms.</li><li>Take a scenic walk along <strong><a href=\"https://www.sandiego.org/members/associations-organizations/port-of-san-diego.aspx\">The Wonderfront</a></strong>, San Diego\'s \"largest attraction.\" With 27 miles of waterfront featuring bayside parks, marinas, hundreds of shops and restaurants, and miles of promenades and bikeways, the Big Bay appeals to all ages and interests.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.sandiego.org/articles/25-fun-free-things-to-do-in-san-diego.aspx\">click here</a>.</p>\n<!-- /wp:paragraph -->','25 Fun & Free Things to Do in San Diego','','inherit','closed','closed','','1667-revision-v1','','','2021-06-10 00:18:36','2021-06-10 00:18:36','',1667,'http://smartinsurance.tips/?p=1671',0,'revision','',0);
INSERT INTO `smart_posts` VALUES (1678,1,'2021-06-10 00:43:43','2021-06-10 00:43:43','<!-- wp:image {\"id\":1677,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-13-1024x536.png\" alt=\"\" class=\"wp-image-1677\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Trusts and estates are the two main legal structures for transferring assets to your heirs and beneficiaries. Each works in critically different ways. Estates make a one-time transfer of your assets after death. Trusts, meanwhile, allow you to create an ongoing transfer of assets both before and after death. Here’s how each one works. Consider working with a financial advisor as you weigh the relative merits of trusts and estates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>What Is an Estate?</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate is everything that you own when you die. This does not include anything held jointly with someone else. Nor does it include anything that you have transferred or otherwise assigned by the time you die. Your heirs include anyone who receives money, belongings or other assets from the estate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, for example, say Steve dies. The house that Steve and his wife owned together doesn’t become part of his estate, as it now belongs solely to his wife. Nor would anything that Steve gave away as his death was approaching. Instead, Steve’s estate would include anything that Steve independently owned at the time of his death.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate is temporary. It exists to make a one-time distribution of the assets of the deceased. Once those assets have been disposed of, the estate no longer exists. This does not mean, however, that an estate is necessarily short-lived. Some estates can last for years, if that’s how long it takes to make a final distribution of all assets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate can be distributed in two main ways: by will or by legal chain of inheritance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A will is a series of instructions for who should get the assets of an estate and how those assets should be distributed. If the decedent (a legal term for person who died) has a valid will at the time of death, the estate is distributed under those terms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When someone dies without a will, this is known as dying intestate. In this case their assets will be distributed according to state law. Most of the time this means that the decedent’s assets go directly to their next of kin. In most states, spouses claim priority in this line of inheritance, followed by children, then parents and then extended family.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the most common misunderstandings regarding an estate is how much control someone has over the terms of his or her will. While state law governs who inherits when someone dies intestate, most states have very few restrictions on how someone can distribute assets through a will. When you die, you are mostly free to leave your belongings to whoever you choose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before anyone can inherit, however, an estate has to resolve three main obligations:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Existing debts;</li><li>Estate taxes;</li><li>Costs, fines and fees.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>When someone dies, creditors and bill collectors have first claim on the assets of the estate. The estate pays all debts owed by the dead person before anyone else can inherit. This can involve selling off property, if the deceased didn’t have enough cash to pay bills. If those bills are larger than the estate itself, the heirs receive nothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, when someone is wealthy enough, the person’s estate can trigger dedicated estate taxes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Estate taxes are assessed based on how much an heir has received, and they require a high level of wealth. In general, for an individual, estate taxes do not apply unless you have inherited more than $11.18 million ($22.36 million for a couple filing jointly). This includes not only cash but also the value of any property or other assets. (For example, if you inherit land worth $30 million you will owe estate taxes on that inheritance.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If estate taxes apply, they are paid out of the estate itself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, some estates require oversight and management. Any related costs and fees are drawn directly from the estate itself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An estate can trigger any number of different potential costs. For example if the terms of a will are overseen by a lawyer, that attorney will bill his or her legal fees directly to the estate. If an estate requires management, someone may be named its executor. This is someone whose job it is to distribute assets according to the will’s instructions, pay any bills, and otherwise manage the distribution of assets. Depending on the workload, the executor may bill the estate for his or her time. Or, if an estate is large or complex enough, a probate court judge may oversee the distribution of assets. Court costs and fees are drawn from the estate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In other words, any costs related to the management of the estate are paid by the estate itself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.sandiego.org/articles/25-fun-free-things-to-do-in-san-diego.aspx\">click </a><a href=\"https://finance.yahoo.com/news/estate-vs-trust-difference-202941439.html\">here</a>.</p>\n<!-- /wp:paragraph -->','Estate vs. Trust: What’s the Difference?','','inherit','closed','closed','','1672-revision-v1','','','2021-06-10 00:43:43','2021-06-10 00:43:43','',1672,'http://smartinsurance.tips/?p=1678',0,'revision','',0),(1689,1,'2021-06-10 00:51:52','2021-06-10 00:51:52','<!-- wp:image {\"id\":1692,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-16-1024x536.png\" alt=\"\" class=\"wp-image-1692\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Homegrown Fun is a scaled-back, pandemic-friendly event presented by the San Diego County Fair that features all the classics like fair food, a Ferris wheel and racing pigs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Fairgoers and seasonal visitors can rejoice since the San Diego County Fair will return as a scaled-down event after the coronavirus pandemic forced it to be canceled last year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Every summer, the fair attracts tens of thousands of people, brings hundreds of jobs and boosts San Diego’s tourism and economy so it was devastating when the pandemic put it in pause in 2020. This year, however, changes have been made to bring the summer hot spot back under some modifications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On Tuesday, vendors were hard at work at the fairgrounds getting everything into place for Friday’s opening. Ashley Colburn, the fair’s marketing coordinator, said the event is meant to give crowds a taste.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>The Scene</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Food. Fun. Lifestyle. Features. All in America\'s Finest City.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“The San Diego County Fair has on average of about 60,000 people per day but at Homegrown Fun, we would not have more than 13,000,” Colburn says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Homegrown Fun, which is presented by the San Diego County Fair, will still feel like the annual summer event despite its smaller size. Fan favorites like the Ferris wheel, shopping and rides will be a part of this year’s event. And visitors can still get a taste of decadent, fried goodness in classic fair foods since nearly 40 concession stands will be posted up at the site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Food vendor Dominic Palmieri said it’s been 15 months of built-up anticipation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“We knew we weren’t going to have a second chance to make a first impression,” Palmieri said. “We remodeled, got a lot of our stands ready to go.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Swine master Zach Johnson is returning to the fair for its 23rd year and is happy to be back. He said it’s been difficult trying to ride out the pandemic and adds that he knows vendors who didn’t last.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“To have all the fairs shut down, I mean, we did not have a big race out for 16 months and it was tough,” Johnson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Homegrown Fun will run from Friday through July 4 at the Del Mar Fairgrounds. Tickets are available for $10 and must be purchased in advance online.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nbcsandiego.com/entertainment/the-scene/sink-your-teeth-into-san-diego-county-fairs-homegrown-fun-event/2626358/\">click here</a>.</p>\n<!-- /wp:paragraph -->','Sink Your Teeth Into San Diego County Fair\'s Homegrown Fun Event','','publish','open','open','','sink-your-teeth-into-san-diego-county-fairs-homegrown-fun-event','','','2021-06-10 00:55:39','2021-06-10 00:55:39','',0,'http://smartinsurance.tips/?p=1689',0,'post','',0),(1690,1,'2021-06-10 00:51:52','2021-06-10 00:51:52','<!-- wp:divi/placeholder /-->','Sink Your Teeth Into San Diego County Fair\'s Homegrown Fun Event','','inherit','closed','closed','','1689-revision-v1','','','2021-06-10 00:51:52','2021-06-10 00:51:52','',1689,'http://smartinsurance.tips/?p=1690',0,'revision','',0),(1692,1,'2021-06-10 00:54:14','2021-06-10 00:54:14','','My-Post-16','','inherit','open','closed','','my-post-16-2','','','2021-06-10 00:54:14','2021-06-10 00:54:14','',1689,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-16.png',0,'attachment','image/png',0),(1694,1,'2021-06-16 18:17:54','2021-06-16 18:17:54','<!-- wp:image {\"id\":1697,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-33-1024x536.png\" alt=\"\" class=\"wp-image-1697\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Do you feel like you’re treading water with your small business and not making progress towards your goals?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Or are you having trouble choosing business goals to work toward this year in the first place? Every entrepreneur wants to own a successful and profitable business, but it\'s not always clear how to get there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">If you want your small business to be more profitable than ever before, here are some suggestions for how to make it happen. And remember: Building a successful business is a marathon, not a sprint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0\">Focus on Customer Service</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to a study by NewVoiceMedia, 51% of customers will not repeat business with a company after a bad service experience. Other studies have shown that it takes several positive customer experiences to make up for one negative one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Given that loyal customers make a much easier sell, make good customer service a priority. Examine your current customer service and make the changes that need to be made to ensure that your small business is providing service superior to that of your competitors. You may need to invest in staff training, revamp your return policy, or make basic improvements such as responding promptly to voicemails or emails from customers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-4\">Build Word of Mouth for Your Business</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you operate your business in a small community or in a large urban center, word of mouth is more important than ever. Most consumers turn to the net to search for reviews of businesses before deciding where to shop, so building a good reputation is vital to the success of your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How do you get positive word of mouth? By providing good, professional service, building and monitoring your local (and online) reputation, and gaining publicity by giving back to your community through your support and sponsorship of local organizations and charities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-8\">Expand Your Marketing Efforts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Effective marketing is key to increasing your sales, but you don\'t have to break the bank to promote your business. There are many inexpensive ways to market your products and services, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Creating and using a promotion kit</li><li>Sending out promotions with your invoices</li><li>Joining professional organizations</li><li>Involving the newspapers in your grand openings, moves, or charity events</li><li>Giving free workshops or classes related to your products or services</li><li>Developing business partnerships and doing cross-promotion with complementary businesses</li><li>Cold calling (yes, it can still work)</li><li>Advertising your business on your vehicle with a vehicle wrap</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-12\">Build Your Online Presence</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Creating a professional-looking website can be quick and easy nowadays, and your small business needs to be in the online space. Research from the E-commerce Wiki indicates that 88% of consumers now research purchases online before purchasing in a store.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A simple website that describes who you are, what you do, and how to contact you will suffice for many small businesses. At a minimum, your site should contain:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Your logo</li><li>Your business name</li><li>A summary of what you do—your products and services</li><li>Your contact information</li><li>Your address, including a Google Maps link</li><li>Your mission, e.g. \"We make the best pizza in town…\"</li><li>Testimonials from customers</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Depending on your target market, social media can be a great way to promote your business as well. Establishing a presence on Facebook, Twitter, and Instagram is standard for most businesses these days.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-18\">Cut Your Business Costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Business costs for everything from office space to vehicle expenses seem to always be on the rise, so keeping expenses in check is a crucial task for business owners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keeping track of expenses is ​time-consuming and tedious, so wherever possible try using new technology to make the job as easy as possible. For example, there are a number of mobile apps for expense tracking, including many cloud-based accounting applications that allow you to automatically add expense information into your accounting system by snapping pictures of receipts with your mobile device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Conduct annual or even semi-annual reviews of your major expenses, such as office space, business insurance, staffing, and vehicle expenses. Where can you trim? If you are in an area with an abundance of available commercial space, perhaps you could think about relocating. If you don\'t even need a storefront, you could convert to a home-based business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Review your major supply costs regularly and always look for discounts or ways to pool supply purchases with other businesses to save money. Make reducing expenses part of your job description and company culture.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-24\">Go Mobile</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you do nothing else with mobile technology this year, you need to make sure that your online presence, including your business website, is mobile friendly. Increasing numbers of people are surfing and searching with their phones—even when they’re at home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But there are two other trends that could benefit your small business. The first is mobile marketing. There are myriad mobile-specific strategies you could be using to reach your target market with great effect, from text message advertising and mobile display ads to having your own business app designed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Mobile payment systems represent your other opportunity. Apple Pay, Google Wallet, Venmo, Square, Intuit GoPayment, PayPal—the choices for paying by phone are now endless. Offering pay-by-phone services is a significant convenience to customers, but your small business could also realize considerable savings from being able to use a ​mobile POS system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-29\">Get in the Cloud</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There is no doubt that cloud computing has leveled the playing field for startup businesses, but the serious advantages of using the cloud for “ordinary” established businesses is not always discussed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Cost savings and access from anywhere are the biggest advantages to moving some of your business processes to the cloud. If, for instance, your business changes from a desktop small-business accounting program to a cloud-based accounting application, you would no longer have to install desktop software (saving IT costs for installation, backups, updates, etc.) and you can access your business accounts from anywhere, including from mobile devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are some disadvantages to cloud computing, of course, but if you haven’t started using cloud storage and applications yet, make this the year that you at least investigate its potential.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-34\">Find and Keep the Right Employees</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Attracting and retaining the right employees is one of the most important things you can do with your business. While hiring and training employees every other week might be business as usual for a fast-food restaurant, most successful businesses rely on hiring quality staff and keeping them for the long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-37\">Update Your Business Plan</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You did make a business plan before starting your business, right? A business plan is vital for startup businesses for many reasons, including testing the viability of your business idea and securing debt or equity financing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you haven\'t made one, it\'s not too late. Successful, established businesses update their business plan annually to review accomplishments (or lack thereof) and decide on new goals or directions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The financial health of your business is summarized by the income statement, the cash flow projection, and the balance sheet, which are contained in the financial section of the business plan. From there you can determine ways to make your business more profitable by increasing sales, reducing losses, or cutting expenses. If you want your business to be more successful, you need a plan for how to get there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-42\">Stay Balanced</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">No one goes to the grave wishing they had spent more time in the office. Too many business owners sacrifice their mental and physical health, family relationships, and friends in pursuit of their business goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Don\'t be one of them—find an acceptable level of work-life balance. Getting enough sleep, taking time for family and friends, and getting regular exercise will help you stay healthy and allow you and your business to prosper over the long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-46\">Make This Your Best Year Ever</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">Here\'s the big takeaway: Success is not a given. If you want your small business to be more successful this year, you need to make the necessary changes to bring that about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">That work may be as simple as investing in a new tool or as challenging as changing your thinking about some of your business processes. But you haven’t brought your business this far only to let it stagnate, have you? Make the next year your best year yet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.thebalancesmb.com/how-to-make-your-small-business-more-successful-4060804\" data-type=\"URL\">click here</a>.</p>\n<!-- /wp:paragraph -->','How to Make Your Small Business More Successful?','','publish','open','open','','how-to-make-your-small-business-more-successful','','','2021-06-17 21:35:17','2021-06-17 21:35:17','',0,'http://smartinsurance.tips/?p=1694',0,'post','',0),(1695,1,'2021-06-16 18:17:54','2021-06-16 18:17:54','<!-- wp:divi/placeholder /-->','How to Make Your Small Business More Successful','','inherit','closed','closed','','1694-revision-v1','','','2021-06-16 18:17:54','2021-06-16 18:17:54','',1694,'http://smartinsurance.tips/?p=1695',0,'revision','',0),(1693,1,'2021-06-10 00:55:37','2021-06-10 00:55:37','<!-- wp:image {\"id\":1692,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-16-1024x536.png\" alt=\"\" class=\"wp-image-1692\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Homegrown Fun is a scaled-back, pandemic-friendly event presented by the San Diego County Fair that features all the classics like fair food, a Ferris wheel and racing pigs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Fairgoers and seasonal visitors can rejoice since the San Diego County Fair will return as a scaled-down event after the coronavirus pandemic forced it to be canceled last year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Every summer, the fair attracts tens of thousands of people, brings hundreds of jobs and boosts San Diego’s tourism and economy so it was devastating when the pandemic put it in pause in 2020. This year, however, changes have been made to bring the summer hot spot back under some modifications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On Tuesday, vendors were hard at work at the fairgrounds getting everything into place for Friday’s opening. Ashley Colburn, the fair’s marketing coordinator, said the event is meant to give crowds a taste.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>The Scene</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Food. Fun. Lifestyle. Features. All in America\'s Finest City.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“The San Diego County Fair has on average of about 60,000 people per day but at Homegrown Fun, we would not have more than 13,000,” Colburn says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Homegrown Fun, which is presented by the San Diego County Fair, will still feel like the annual summer event despite its smaller size. Fan favorites like the Ferris wheel, shopping and rides will be a part of this year’s event. And visitors can still get a taste of decadent, fried goodness in classic fair foods since nearly 40 concession stands will be posted up at the site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Food vendor Dominic Palmieri said it’s been 15 months of built-up anticipation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“We knew we weren’t going to have a second chance to make a first impression,” Palmieri said. “We remodeled, got a lot of our stands ready to go.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Swine master Zach Johnson is returning to the fair for its 23rd year and is happy to be back. He said it’s been difficult trying to ride out the pandemic and adds that he knows vendors who didn’t last.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“To have all the fairs shut down, I mean, we did not have a big race out for 16 months and it was tough,” Johnson says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Homegrown Fun will run from Friday through July 4 at the Del Mar Fairgrounds. Tickets are available for $10 and must be purchased in advance online.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nbcsandiego.com/entertainment/the-scene/sink-your-teeth-into-san-diego-county-fairs-homegrown-fun-event/2626358/\">click here</a>.</p>\n<!-- /wp:paragraph -->','Sink Your Teeth Into San Diego County Fair\'s Homegrown Fun Event','','inherit','closed','closed','','1689-revision-v1','','','2021-06-10 00:55:37','2021-06-10 00:55:37','',1689,'http://smartinsurance.tips/?p=1693',0,'revision','',0),(1688,1,'2021-06-10 00:50:42','2021-06-10 00:50:42','<!-- wp:image {\"id\":1686,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-15-1024x536.png\" alt=\"\" class=\"wp-image-1686\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>This year saw an incredible shift in the day-to-day operations of the world. Offices shuttered, daily commutes ended, and we tried to do it all—from schooling to working out to therapy to vacations—in our homes. According to a study, 36.2 million Americans (22% of the workforce) will be working remotely by 2025, which is an 87% increase from the number of remote workers prior to the pandemic. It’s no wonder that how we’re thinking about renovation projects has likely changed from previous years. So we reached out to those in the world of decorating, landscape design, and home improvement for the scoop on what they think the big trends will be for 2021 reno projects.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Giving rooms a new life</strong><br>“Entertainment and recreational room design help requests have, as of recently, begun to supersede family room makeovers, which were the leading trend for the past eight to nine months,” says Devin Shaffer, lead interior designer at Decorilla Online Interior Design. “The pandemic continues to teach us new ways to maximize the uses of the space that we’re spending time in. Because of this, many homeowners have maxed out the design opportunities for the most commonly used rooms in their homes and are now seeking expert advice on what rooms or areas in their home can take on a new life. Basement remodel projects are a great way to create a recreational room, and they have been in high demand over the last quarter of the year. We expect this to trend more and more over the next year.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The most fun requests Devin is seeing: in-home theaters, indoor bowling lanes, full home bars, indoor golf simulators, and climbing walls. “It\'s been really interesting to see designers and clients get creative with out-of-the-box alternatives to basements with garage-to–home-gym conversions, guest bedrooms–to–at-home arcade rooms, and the latest is a home library–to–Lego-collection showroom.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Focusing on work-from-home sanctuaries</strong><br>“With more and more workers taking up remote positions in a post-COVID world, I think we are going to see an even larger increase in demand for live/work-space renovation, whether that’s the transformation of current bedrooms and bonus spaces into offices or the addition of purpose-built home-office structures to empty land,” says Christian Adams, CEO and cofounder at Repair Pricer. “The focus will be on creating functional spaces that can double for both [live/work] purposes, such as built-in furniture that can be hidden away or used for work and storage, or improving sound insulation in existing walls and areas to create a calm environment for work.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“People will spend more time and effort in designing a unique working space to maximize their concentration, motivation, and productivity,” says Jing Xue, COO and cofounder of DecorMatters. “Things like location, colors, decorations, and furniture have a big effect on your mental and physical state. In fact, bright lighting has been shown to make people happier, ambient sounds help people focus, and poor air quality can lead to a drop in productivity.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Making room for multigenerational households</strong><br>“One trend I have seen emerging in major markets that has even been picked up on by large tract builders such as Lennar, is the creation of purpose-built multigenerational homes with essentially two separate homes under one roof,” says Christian. “This is not just down to the shifting dynamic among families but also because of the ability for homeowners to monetize the extra space for long-term rentals or even Airbnb-style short-term leasing.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We\'ve already had our eyes opened to the power of ADUs and backyard casitas but prepare for an ever-growing landscape of modular solutions that, Christian adds, “will come ready to assemble, allowing for renovators to offer a complete turnkey solution for customers where they can literally pick a tiny home from a catalog and have it constructed on site in record time. This also removes the need for large-scale ongoing construction disrupting an often already chaotic home environment where space and privacy is already in short supply.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Incorporating green solutions</strong><br>“Now that the Electoral College has confirmed Joe Biden as the next president, I think we will see a return to green initiatives that were sorely lacking under the previous government. Whether it’s the addition of larger systems like solar power or rainwater harvesting to existing homes or simpler incentives for property owners to undertake insulation and HVAC upgrades, this new initiative will bring a boon of work for both the commercial and residential renovation industries,” says Christian. “At Repair Pricer we have already seen an increase in the prevalence of these types of additions and upgrades, and with potential new tax incentives for green renovation we would expect that trend to continue well into 2021 and beyond.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Extending the indoors into the outdoors</strong><br>“Creating a comfortable outdoor living space that is an extension of your indoors will continue to be popular with 2021 home renovations, and not just in the warmer climates,” says Blythe Yost, lead designer and cofounder of landscape design company Tilly. “Designing so that there is a natural flow between the indoors and outdoors with features like large sliding or folding glass doors allow for the option to let the outside in, and vice versa. Drop-down screens on the porch to help with mosquitos, outdoor heating lamps, outdoor fire places that create warmth, and cozy couches will extend your relaxation into the cooler months.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Creating bathroom oases</strong><br>How often have you escaped to your bathroom this year with the sole purpose of quiet alone time? The experts at Houzz have the same idea, saying that with the right features, a bathroom can help reduce stress. According to a 2020 Houzz Bathroom Trends Study, two in five homeowners (41%) who renovated a master bathroom say they rely on their new space for rest and relaxation. It’s time to start saving up for renos as big as soaking tubs and steam showers, to smaller upgrades like aromatherapy shower heads and bathtub fillers that can hold a cup of tea or glass of wine.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Getting bigger with tiles</strong><br>Since we’re spending all our time at home, making visual upgrades is a big part of the home reno trends. Large-format tile can help visually expand a small space, according to the professionals on Houzz, so their use is on the rise. Another bonus of the trend: Fewer grout lines means less cleaning and less visual clutter. “We’re seeing large tiles used in a variety of classic patterns, such as herringbone, stacked, and brick,” says Houzz senior editor Mitchell Parker. He recommends if you’re considering large rectangle tiles for an area like the bathroom floor, go with a matte finish, which provides some slip resistance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.architecturaldigest.com/story/renovation-trends-2021?fbclid=IwAR3WVCvGLD3JifwTfHveg7Ol1ovQjgwK4k0CXctu49O2UZd6Ye33McgRHE4\">click here</a>.</p>\n<!-- /wp:paragraph -->','7 Renovation Trends to Look Out For in 2021','','inherit','closed','closed','','1684-revision-v1','','','2021-06-10 00:50:42','2021-06-10 00:50:42','',1684,'http://smartinsurance.tips/?p=1688',0,'revision','',0),(1697,1,'2021-06-16 18:20:46','2021-06-16 18:20:46','','My-Post-33','','inherit','open','closed','','my-post-33','','','2021-06-16 18:20:46','2021-06-16 18:20:46','',1694,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-33.png',0,'attachment','image/png',0),(1699,1,'2021-06-16 18:28:54','2021-06-16 18:28:54','<!-- wp:image {\"id\":1697,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-33-1024x536.png\" alt=\"\" class=\"wp-image-1697\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Do you feel like you’re treading water with your small business and not making progress towards your goals?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Or are you having trouble choosing business goals to work toward this year in the first place? Every entrepreneur wants to own a successful and profitable business, but it\'s not always clear how to get there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">If you want your small business to be more profitable than ever before, here are some suggestions for how to make it happen. And remember: Building a successful business is a marathon, not a sprint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0\">Focus on Customer Service</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to a study by NewVoiceMedia, 51% of customers will not repeat business with a company after a bad service experience. Other studies have shown that it takes several positive customer experiences to make up for one negative one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Given that loyal customers make a much easier sell, make good customer service a priority. Examine your current customer service and make the changes that need to be made to ensure that your small business is providing service superior to that of your competitors. You may need to invest in staff training, revamp your return policy, or make basic improvements such as responding promptly to voicemails or emails from customers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-4\">Build Word of Mouth for Your Business</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you operate your business in a small community or in a large urban center, word of mouth is more important than ever. Most consumers turn to the net to search for reviews of businesses before deciding where to shop, so building a good reputation is vital to the success of your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How do you get positive word of mouth? By providing good, professional service, building and monitoring your local (and online) reputation, and gaining publicity by giving back to your community through your support and sponsorship of local organizations and charities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-8\">Expand Your Marketing Efforts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Effective marketing is key to increasing your sales, but you don\'t have to break the bank to promote your business. There are many inexpensive ways to market your products and services, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Creating and using a promotion kit</li><li>Sending out promotions with your invoices</li><li>Joining professional organizations</li><li>Involving the newspapers in your grand openings, moves, or charity events</li><li>Giving free workshops or classes related to your products or services</li><li>Developing business partnerships and doing cross-promotion with complementary businesses</li><li>Cold calling (yes, it can still work)</li><li>Advertising your business on your vehicle with a vehicle wrap</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-12\">Build Your Online Presence</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Creating a professional-looking website can be quick and easy nowadays, and your small business needs to be in the online space. Research from the E-commerce Wiki indicates that 88% of consumers now research purchases online before purchasing in a store.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A simple website that describes who you are, what you do, and how to contact you will suffice for many small businesses. At a minimum, your site should contain:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Your logo</li><li>Your business name</li><li>A summary of what you do—your products and services</li><li>Your contact information</li><li>Your address, including a Google Maps link</li><li>Your mission, e.g. \"We make the best pizza in town…\"</li><li>Testimonials from customers</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Depending on your target market, social media can be a great way to promote your business as well. Establishing a presence on Facebook, Twitter, and Instagram is standard for most businesses these days.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-18\">Cut Your Business Costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Business costs for everything from office space to vehicle expenses seem to always be on the rise, so keeping expenses in check is a crucial task for business owners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keeping track of expenses is ​time-consuming and tedious, so wherever possible try using new technology to make the job as easy as possible. For example, there are a number of mobile apps for expense tracking, including many cloud-based accounting applications that allow you to automatically add expense information into your accounting system by snapping pictures of receipts with your mobile device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Conduct annual or even semi-annual reviews of your major expenses, such as office space, business insurance, staffing, and vehicle expenses. Where can you trim? If you are in an area with an abundance of available commercial space, perhaps you could think about relocating. If you don\'t even need a storefront, you could convert to a home-based business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Review your major supply costs regularly and always look for discounts or ways to pool supply purchases with other businesses to save money. Make reducing expenses part of your job description and company culture.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-24\">Go Mobile</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you do nothing else with mobile technology this year, you need to make sure that your online presence, including your business website, is mobile friendly. Increasing numbers of people are surfing and searching with their phones—even when they’re at home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But there are two other trends that could benefit your small business. The first is mobile marketing. There are myriad mobile-specific strategies you could be using to reach your target market with great effect, from text message advertising and mobile display ads to having your own business app designed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Mobile payment systems represent your other opportunity. Apple Pay, Google Wallet, Venmo, Square, Intuit GoPayment, PayPal—the choices for paying by phone are now endless. Offering pay-by-phone services is a significant convenience to customers, but your small business could also realize considerable savings from being able to use a ​mobile POS system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-29\">Get in the Cloud</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There is no doubt that cloud computing has leveled the playing field for startup businesses, but the serious advantages of using the cloud for “ordinary” established businesses is not always discussed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Cost savings and access from anywhere are the biggest advantages to moving some of your business processes to the cloud. If, for instance, your business changes from a desktop small-business accounting program to a cloud-based accounting application, you would no longer have to install desktop software (saving IT costs for installation, backups, updates, etc.) and you can access your business accounts from anywhere, including from mobile devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are some disadvantages to cloud computing, of course, but if you haven’t started using cloud storage and applications yet, make this the year that you at least investigate its potential.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-34\">Find and Keep the Right Employees</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Attracting and retaining the right employees is one of the most important things you can do with your business. While hiring and training employees every other week might be business as usual for a fast-food restaurant, most successful businesses rely on hiring quality staff and keeping them for the long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-37\">Update Your Business Plan</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You did make a business plan before starting your business, right? A business plan is vital for startup businesses for many reasons, including testing the viability of your business idea and securing debt or equity financing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you haven\'t made one, it\'s not too late. Successful, established businesses update their business plan annually to review accomplishments (or lack thereof) and decide on new goals or directions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The financial health of your business is summarized by the income statement, the cash flow projection, and the balance sheet, which are contained in the financial section of the business plan. From there you can determine ways to make your business more profitable by increasing sales, reducing losses, or cutting expenses. If you want your business to be more successful, you need a plan for how to get there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-42\">Stay Balanced</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">No one goes to the grave wishing they had spent more time in the office. Too many business owners sacrifice their mental and physical health, family relationships, and friends in pursuit of their business goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Don\'t be one of them—find an acceptable level of work-life balance. Getting enough sleep, taking time for family and friends, and getting regular exercise will help you stay healthy and allow you and your business to prosper over the long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-46\">Make This Your Best Year Ever</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">Here\'s the big takeaway: Success is not a given. If you want your small business to be more successful this year, you need to make the necessary changes to bring that about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">That work may be as simple as investing in a new tool or as challenging as changing your thinking about some of your business processes. But you haven’t brought your business this far only to let it stagnate, have you? Make the next year your best year yet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancesmb.com/how-to-make-your-small-business-more-successful-4060804\" data-type=\"URL\">click here</a>.</p>\n<!-- /wp:paragraph -->','How to Make Your Small Business More Successful','','inherit','closed','closed','','1694-revision-v1','','','2021-06-16 18:28:54','2021-06-16 18:28:54','',1694,'http://smartinsurance.tips/?p=1699',0,'revision','',0),(1698,1,'2021-06-16 18:27:54','2021-06-16 18:27:54','<!-- wp:image {\"id\":1697,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-33-1024x536.png\" alt=\"\" class=\"wp-image-1697\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Do you feel like you’re treading water with your small business and not making progress towards your goals?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Or are you having trouble choosing business goals to work toward this year in the first place? Every entrepreneur wants to own a successful and profitable business, but it\'s not always clear how to get there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">If you want your small business to be more profitable than ever before, here are some suggestions for how to make it happen. And remember: Building a successful business is a marathon, not a sprint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0\">Focus on Customer Service</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to a study by NewVoiceMedia, 51% of customers will not repeat business with a company after a bad service experience. Other studies have shown that it takes several positive customer experiences to make up for one negative one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Given that loyal customers make a much easier sell, make good customer service a priority. Examine your current customer service and make the changes that need to be made to ensure that your small business is providing service superior to that of your competitors. You may need to invest in staff training, revamp your return policy, or make basic improvements such as responding promptly to voicemails or emails from customers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-4\">Build Word of Mouth for Your Business</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you operate your business in a small community or in a large urban center, word of mouth is more important than ever. Most consumers turn to the net to search for reviews of businesses before deciding where to shop, so building a good reputation is vital to the success of your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How do you get positive word of mouth? By providing good, professional service, building and monitoring your local (and online) reputation, and gaining publicity by giving back to your community through your support and sponsorship of local organizations and charities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-8\">Expand Your Marketing Efforts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Effective marketing is key to increasing your sales, but you don\'t have to break the bank to promote your business. There are many inexpensive ways to market your products and services, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Creating and using a promotion kit</li><li>Sending out promotions with your invoices</li><li>Joining professional organizations</li><li>Involving the newspapers in your grand openings, moves, or charity events</li><li>Giving free workshops or classes related to your products or services</li><li>Developing business partnerships and doing cross-promotion with complementary businesses</li><li>Cold calling (yes, it can still work)</li><li>Advertising your business on your vehicle with a vehicle wrap</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-12\">Build Your Online Presence</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Creating a professional-looking website can be quick and easy nowadays, and your small business needs to be in the online space. Research from the E-commerce Wiki indicates that 88% of consumers now research purchases online before purchasing in a store.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A simple website that describes who you are, what you do, and how to contact you will suffice for many small businesses. At a minimum, your site should contain:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Your logo</li><li>Your business name</li><li>A summary of what you do—your products and services</li><li>Your contact information</li><li>Your address, including a Google Maps link</li><li>Your mission, e.g. \"We make the best pizza in town…\"</li><li>Testimonials from customers</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Depending on your target market, social media can be a great way to promote your business as well. Establishing a presence on Facebook, Twitter, and Instagram is standard for most businesses these days.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-18\">Cut Your Business Costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Business costs for everything from office space to vehicle expenses seem to always be on the rise, so keeping expenses in check is a crucial task for business owners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keeping track of expenses is ​time-consuming and tedious, so wherever possible try using new technology to make the job as easy as possible. For example, there are a number of mobile apps for expense tracking, including many cloud-based accounting applications that allow you to automatically add expense information into your accounting system by snapping pictures of receipts with your mobile device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Conduct annual or even semi-annual reviews of your major expenses, such as office space, business insurance, staffing, and vehicle expenses. Where can you trim? If you are in an area with an abundance of available commercial space, perhaps you could think about relocating. If you don\'t even need a storefront, you could convert to a home-based business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Review your major supply costs regularly and always look for discounts or ways to pool supply purchases with other businesses to save money. Make reducing expenses part of your job description and company culture.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-24\">Go Mobile</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you do nothing else with mobile technology this year, you need to make sure that your online presence, including your business website, is mobile friendly. Increasing numbers of people are surfing and searching with their phones—even when they’re at home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But there are two other trends that could benefit your small business. The first is mobile marketing. There are myriad mobile-specific strategies you could be using to reach your target market with great effect, from text message advertising and mobile display ads to having your own business app designed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Mobile payment systems represent your other opportunity. Apple Pay, Google Wallet, Venmo, Square, Intuit GoPayment, PayPal—the choices for paying by phone are now endless. Offering pay-by-phone services is a significant convenience to customers, but your small business could also realize considerable savings from being able to use a ​mobile POS system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-29\">Get in the Cloud</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There is no doubt that cloud computing has leveled the playing field for startup businesses, but the serious advantages of using the cloud for “ordinary” established businesses is not always discussed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Cost savings and access from anywhere are the biggest advantages to moving some of your business processes to the cloud. If, for instance, your business changes from a desktop small-business accounting program to a cloud-based accounting application, you would no longer have to install desktop software (saving IT costs for installation, backups, updates, etc.) and you can access your business accounts from anywhere, including from mobile devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are some disadvantages to cloud computing, of course, but if you haven’t started using cloud storage and applications yet, make this the year that you at least investigate its potential.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-34\">Find and Keep the Right Employees</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Attracting and retaining the right employees is one of the most important things you can do with your business. While hiring and training employees every other week might be business as usual for a fast-food restaurant, most successful businesses rely on hiring quality staff and keeping them for the long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-37\">Update Your Business Plan</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You did make a business plan before starting your business, right? A business plan is vital for startup businesses for many reasons, including testing the viability of your business idea and securing debt or equity financing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you haven\'t made one, it\'s not too late. Successful, established businesses update their business plan annually to review accomplishments (or lack thereof) and decide on new goals or directions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The financial health of your business is summarized by the income statement, the cash flow projection, and the balance sheet, which are contained in the financial section of the business plan. From there you can determine ways to make your business more profitable by increasing sales, reducing losses, or cutting expenses. If you want your business to be more successful, you need a plan for how to get there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-42\">Stay Balanced</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">No one goes to the grave wishing they had spent more time in the office. Too many business owners sacrifice their mental and physical health, family relationships, and friends in pursuit of their business goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Don\'t be one of them—find an acceptable level of work-life balance. Getting enough sleep, taking time for family and friends, and getting regular exercise will help you stay healthy and allow you and your business to prosper over the long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-46\">Make This Your Best Year Ever</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">Here\'s the big takeaway: Success is not a given. If you want your small business to be more successful this year, you need to make the necessary changes to bring that about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">That work may be as simple as investing in a new tool or as challenging as changing your thinking about some of your business processes. But you haven’t brought your business this far only to let it stagnate, have you? Make the next year your best year yet.</p>\n<!-- /wp:paragraph -->','How to Make Your Small Business More Successful','','inherit','closed','closed','','1694-revision-v1','','','2021-06-16 18:27:54','2021-06-16 18:27:54','',1694,'http://smartinsurance.tips/?p=1698',0,'revision','',0),(1700,1,'2021-06-16 18:42:48','2021-06-16 18:42:48','<!-- wp:image {\"id\":1705,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-34-1-1024x536.png\" alt=\"\" class=\"wp-image-1705\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>It’s hard to go a few days of scanning the news without hearing about a major data breach, potentially exposing millions of customers’ personal data to criminals. Here are a few tips to ensure your personal information doesn’t end up in the wrong hands.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>Create strong passwords - When creating a password, think beyond words or numbers that a cybercriminal could easily figure out, like your birthday. Choose combinations of lower and upper-case letters, numbers, and symbols and change them periodically. It’s also better to create a unique password instead of using the same password across multiple sites—a password manager tool can help you keep track.<br></li><li>Don\'t overshare on social media - We all have that one friend who posts too many intimate details of their life online. Not only can this be annoying, but it can also put your personal information at risk. Check your privacy settings, so you are aware of whose seeing your posts, and be cautious when posting your location, hometown, birthday, or other personal details.<br></li><li>Use free Wi-Fi with caution - A little online shopping never hurt anyone…or did it? Most free public Wi-Fi networks have very few security measures in place, which means others using the same network could easily access your activity. You should wait until you’re at home or on a secure, password-protected network before whipping out that credit card.<br></li><li>Watch out for links and attachments - Cybercriminals are sneaky, and will often compose their phishing scams to look like legitimate communications from a bank, utility company, or other corporate entity. Certain things like spelling errors or a different email address than the typical sender can be a clue that the email is spam.<br></li><li>Check to see if the site is secure - Before entering personal information into a website, take a look at the top of your browser. If there is a lock symbol and the URL begins with “HTTPS,” that means the site is secure. There are a few other ways to determine if the site is trustworthy, such as a website privacy policy, contact information, or a “verified secure” seal.<br></li><li>Consider additional protection - Install anti-virus software, anti-spyware software, and a firewall. For additional protection, you may want to consider cyber insurance, which can keep you and your family safe if you fall victim to a cyberattack. At Chubb, our experts are ready to evaluate your cyber vulnerabilities, help cover fraudulent charges, and ensure your family has the resources you need to recover emotionally, too.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.chubb.com/us-en/individuals-families/resources/6-ways-to-protect-your-personal-information-online.html\">click here</a>.</p>\n<!-- /wp:paragraph -->','6 Ways to Protect Your Personal Information Online','','publish','open','open','','12-tips-to-help-keep-your-data-private','','','2021-06-16 19:00:00','2021-06-16 19:00:00','',0,'http://smartinsurance.tips/?p=1700',0,'post','',0),(1701,1,'2021-06-16 18:42:48','2021-06-16 18:42:48','<!-- wp:divi/placeholder /-->','12 Tips to Help Keep Your Data Private','','inherit','closed','closed','','1700-revision-v1','','','2021-06-16 18:42:48','2021-06-16 18:42:48','',1700,'http://smartinsurance.tips/?p=1701',0,'revision','',0),(1702,1,'2021-06-16 18:43:14','2021-06-16 18:43:14','','My-Post-34','','inherit','open','closed','','my-post-34','','','2021-06-16 18:43:14','2021-06-16 18:43:14','',1700,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-34.png',0,'attachment','image/png',0),(1704,1,'2021-06-16 18:57:19','2021-06-16 18:57:19','<!-- wp:divi/placeholder /-->','6 Ways to Protect Your Personal Information Online','','inherit','closed','closed','','1700-revision-v1','','','2021-06-16 18:57:19','2021-06-16 18:57:19','',1700,'http://smartinsurance.tips/?p=1704',0,'revision','',0),(1705,1,'2021-06-16 18:57:57','2021-06-16 18:57:57','','My-Post-34-1','','inherit','open','closed','','my-post-34-1','','','2021-06-16 18:57:57','2021-06-16 18:57:57','',1700,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-34-1.png',0,'attachment','image/png',0),(1708,1,'2021-06-16 18:59:58','2021-06-16 18:59:58','<!-- wp:image {\"id\":1705,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-34-1-1024x536.png\" alt=\"\" class=\"wp-image-1705\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>It’s hard to go a few days of scanning the news without hearing about a major data breach, potentially exposing millions of customers’ personal data to criminals. Here are a few tips to ensure your personal information doesn’t end up in the wrong hands.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>Create strong passwords - When creating a password, think beyond words or numbers that a cybercriminal could easily figure out, like your birthday. Choose combinations of lower and upper-case letters, numbers, and symbols and change them periodically. It’s also better to create a unique password instead of using the same password across multiple sites—a password manager tool can help you keep track.<br></li><li>Don\'t overshare on social media - We all have that one friend who posts too many intimate details of their life online. Not only can this be annoying, but it can also put your personal information at risk. Check your privacy settings, so you are aware of whose seeing your posts, and be cautious when posting your location, hometown, birthday, or other personal details.<br></li><li>Use free Wi-Fi with caution - A little online shopping never hurt anyone…or did it? Most free public Wi-Fi networks have very few security measures in place, which means others using the same network could easily access your activity. You should wait until you’re at home or on a secure, password-protected network before whipping out that credit card.<br></li><li>Watch out for links and attachments - Cybercriminals are sneaky, and will often compose their phishing scams to look like legitimate communications from a bank, utility company, or other corporate entity. Certain things like spelling errors or a different email address than the typical sender can be a clue that the email is spam.<br></li><li>Check to see if the site is secure - Before entering personal information into a website, take a look at the top of your browser. If there is a lock symbol and the URL begins with “HTTPS,” that means the site is secure. There are a few other ways to determine if the site is trustworthy, such as a website privacy policy, contact information, or a “verified secure” seal.<br></li><li>Consider additional protection - Install anti-virus software, anti-spyware software, and a firewall. For additional protection, you may want to consider cyber insurance, which can keep you and your family safe if you fall victim to a cyberattack. At Chubb, our experts are ready to evaluate your cyber vulnerabilities, help cover fraudulent charges, and ensure your family has the resources you need to recover emotionally, too.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.chubb.com/us-en/individuals-families/resources/6-ways-to-protect-your-personal-information-online.html\">click here</a>.</p>\n<!-- /wp:paragraph -->','6 Ways to Protect Your Personal Information Online','','inherit','closed','closed','','1700-revision-v1','','','2021-06-16 18:59:58','2021-06-16 18:59:58','',1700,'http://smartinsurance.tips/?p=1708',0,'revision','',0),(1707,1,'2021-06-16 18:59:07','2021-06-16 18:59:07','<!-- wp:image {\"id\":1705,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-34-1-1024x536.png\" alt=\"\" class=\"wp-image-1705\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>It’s hard to go a few days of scanning the news without hearing about a major data breach, potentially exposing millions of customers’ personal data to criminals. Here are a few tips to ensure your personal information doesn’t end up in the wrong hands.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>Create strong passwords - When creating a password, think beyond words or numbers that a cybercriminal could easily figure out, like your birthday. Choose combinations of lower and upper-case letters, numbers, and symbols and change them periodically. It’s also better to create a unique password instead of using the same password across multiple sites—a password manager tool can help you keep track.<br></li><li>Don\'t overshare on social media - We all have that one friend who posts too many intimate details of their life online. Not only can this be annoying, but it can also put your personal information at risk. Check your privacy settings, so you are aware of whose seeing your posts, and be cautious when posting your location, hometown, birthday, or other personal details.<br></li><li>Use free Wi-Fi with caution - A little online shopping never hurt anyone…or did it? Most free public Wi-Fi networks have very few security measures in place, which means others using the same network could easily access your activity. You should wait until you’re at home or on a secure, password-protected network before whipping out that credit card.<br></li><li>Watch out for links and attachments - Cybercriminals are sneaky, and will often compose their phishing scams to look like legitimate communications from a bank, utility company, or other corporate entity. Certain things like spelling errors or a different email address than the typical sender can be a clue that the email is spam.<br></li><li>Check to see if the site is secure - Before entering personal information into a website, take a look at the top of your browser. If there is a lock symbol and the URL begins with “HTTPS,” that means the site is secure. There are a few other ways to determine if the site is trustworthy, such as a website privacy policy, contact information, or a “verified secure” seal.<br></li><li>Consider additional protection - Install anti-virus software, anti-spyware software, and a firewall. For additional protection, you may want to consider cyber insurance, which can keep you and your family safe if you fall victim to a cyberattack. At Chubb, our experts are ready to evaluate your cyber vulnerabilities, help cover fraudulent charges, and ensure your family has the resources you need to recover emotionally, too.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.chubb.com/us-en/individuals-families/resources/6-ways-to-protect-your-personal-information-online.html\">click here</a>.</p>\n<!-- /wp:paragraph -->','6 Ways to Protect Your Personal Information Online','','inherit','closed','closed','','1700-revision-v1','','','2021-06-16 18:59:07','2021-06-16 18:59:07','',1700,'http://smartinsurance.tips/?p=1707',0,'revision','',0),(1709,1,'2021-06-16 19:00:44','2021-06-16 19:00:44','<!-- wp:image {\"id\":1712,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-35-1024x536.png\" alt=\"\" class=\"wp-image-1712\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>How would you describe a strong leader? In one study, leadership qualities such as assertiveness, adaptability, intelligence, and conscientiousness were cited as the most important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Transformational leaders are positive, empowering, and inspiring. They value followers and inspire them to perform better. So what can you do to embrace these valued leadership qualities and become a stronger and more effective leader?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Transformational leaders are usually described as enthusiastic, passionate, genuine and energetic. These leaders are not just concerned about helping the group achieve its goals; they also care about helping each member of the group reach his or her full potential.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consider some of the following tips for how to become a better leader, and think about ways that you can implement these strategies in your daily life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0\">Start by Understanding Your Leadership Style</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Understanding your current leadership style is essential. What are your strengths? Which areas need some improvement? One way to start assessing your skills is to take this leadership style quiz to get a general idea of how you lead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you have completed the quiz, read about the major characteristics of your dominant style. Are these qualities helping or hindering your leadership? Once you\'ve determined which areas need some work, you can begin looking for ways to improve your leadership abilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-4\">Encourage Creativity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Intellectual stimulation is one of the leadership qualities that define transformational leadership. Followers need to be encouraged to express their creativity. Effective leaders should offer new challenges with ample support to achieve these goals.1﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One way to foster creativity is to offer challenges to group members, making sure that the goals are within the grasp of their abilities. The purpose of this type of exercise is to get people to stretch their limits, but not become discouraged by barriers to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-8\">Serve as a Role Model</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-10\">Idealized influence is another of the four key components of transformational leadership. Transformational leaders exemplify the behaviors and characteristics that they encourage in their followers. They walk the walk and talk the talk. As a result, group members admire these leaders and work to emulate these behaviors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-11\">Research suggests that leaders are able to foster a specific belief and then transmit that inspiration to their followers.<sup>2</sup>﻿ As a result, followers are optimistic and have high standards for performance and achievement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you want to become a better leader, work on modeling the qualities that you would like to see in your team members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-13\">Be Passionate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-15\">Would you look to someone for guidance and leadership if they did not truly care about the goals of the group? Of course not! Great leaders are not just focused on getting group members to finish tasks; they have a genuine passion and enthusiasm for the projects they work on.<sup>2</sup>﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-16\">You can develop this leadership quality by thinking of different ways that you can express your zeal. Let people know that you care about their progress. When one person shares something with the rest of the group, be sure to tell them how much you appreciate such contributions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-17\">Listen and Communicate Effectively</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Another important quality of transformational leadership involves a focus on providing one-on-one communication with group members. Transformational leadership is effective when leaders are able to communicate their vision to followers, who then feel inspired and motivated by this vision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Good leaders should express sincere care and concern for the members of their group both verbally and nonverbally.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By keeping the lines of communication open, these leaders can ensure that group members feel able to make contributions and receive recognition for their achievements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-22\">Have a Positive Attitude</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-24\">Transformational leaders have an upbeat, optimistic attitude that serves as a source of inspiration for followers. If leaders seem discouraged or apathetic, members of the group are likely to also become uninspired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-25\">Even when things look bleak and your followers start to feel disheartened, try to stay positive. This does not mean viewing things through rose-colored glasses. It simply means maintaining a sense of optimism and hope in the face of challenges.7</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-26\">Encourage People to Make Contributions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Let the members of your team know that you welcome their ideas. Leaders who encourage involvement from group members are often referred to as democratic or participative leaders. While they retain the final say over all decisions, they encourage team members to take an active role in coming up with ideas and plans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Research has shown that using a democratic leadership style leads to greater commitment, more creative problem-solving and improved productivity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-30\">Motivate Your Followers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-32\">Transformational leaders also provide inspirational motivation to encourage their followers to get into action. Of course, being inspirational isn\'t always easy. Fortunately, you don\'t need motivational speeches to rouse your group members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-33\">Some ideas for leadership​ inspiration include being genuinely passionate about ideas or goals, helping followers feel included in the process and offering recognition, praise, and rewards for people\'s accomplishments.9</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-34\">Offer Rewards and Recognition</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-36\">Another important quality of a good leader involves knowing that offering effective recognition and rewards is one of the best ways to help followers feel appreciated and happy. It may also come as no surprise that happy people tend to perform better at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-37\">Keep Trying New Things</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Who says leadership is a one-way relationship? As you work toward developing some of these leadership qualities, don\'t forget to look to your followers for feedback and inspiration. Pay attention to the things that have been effective in the past and always be on the lookout for new ways to inspire, motivate, and reward group members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.verywellmind.com/ways-to-become-a-better-leader-2795324\">click here</a>.</p>\n<!-- /wp:paragraph -->','10 Tips for Becoming a Better Leader','','publish','open','open','','10-tips-for-becoming-a-better-leader','','','2021-06-16 19:16:55','2021-06-16 19:16:55','',0,'http://smartinsurance.tips/?p=1709',0,'post','',0),(1710,1,'2021-06-16 19:00:44','2021-06-16 19:00:44','<!-- wp:divi/placeholder /-->','10 Tips for Becoming a Better Leader','','inherit','closed','closed','','1709-revision-v1','','','2021-06-16 19:00:44','2021-06-16 19:00:44','',1709,'http://smartinsurance.tips/?p=1710',0,'revision','',0),(1712,1,'2021-06-16 19:06:24','2021-06-16 19:06:24','','My-Post-35','','inherit','open','closed','','my-post-35','','','2021-06-16 19:06:24','2021-06-16 19:06:24','',1709,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-35.png',0,'attachment','image/png',0),(1713,1,'2021-06-16 19:14:49','2021-06-16 19:14:49','<!-- wp:image {\"id\":1712,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-35-1024x536.png\" alt=\"\" class=\"wp-image-1712\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>How would you describe a strong leader? In one study, leadership qualities such as assertiveness, adaptability, intelligence, and conscientiousness were cited as the most important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Transformational leaders are positive, empowering, and inspiring. They value followers and inspire them to perform better. So what can you do to embrace these valued leadership qualities and become a stronger and more effective leader?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Transformational leaders are usually described as enthusiastic, passionate, genuine and energetic. These leaders are not just concerned about helping the group achieve its goals; they also care about helping each member of the group reach his or her full potential.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consider some of the following tips for how to become a better leader, and think about ways that you can implement these strategies in your daily life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0\">Start by Understanding Your Leadership Style</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Understanding your current leadership style is essential. What are your strengths? Which areas need some improvement? One way to start assessing your skills is to take this leadership style quiz to get a general idea of how you lead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you have completed the quiz, read about the major characteristics of your dominant style. Are these qualities helping or hindering your leadership? Once you\'ve determined which areas need some work, you can begin looking for ways to improve your leadership abilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-4\">Encourage Creativity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Intellectual stimulation is one of the leadership qualities that define transformational leadership. Followers need to be encouraged to express their creativity. Effective leaders should offer new challenges with ample support to achieve these goals.1﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One way to foster creativity is to offer challenges to group members, making sure that the goals are within the grasp of their abilities. The purpose of this type of exercise is to get people to stretch their limits, but not become discouraged by barriers to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-8\">Serve as a Role Model</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-10\">Idealized influence is another of the four key components of transformational leadership. Transformational leaders exemplify the behaviors and characteristics that they encourage in their followers. They walk the walk and talk the talk. As a result, group members admire these leaders and work to emulate these behaviors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-11\">Research suggests that leaders are able to foster a specific belief and then transmit that inspiration to their followers.<sup>2</sup>﻿ As a result, followers are optimistic and have high standards for performance and achievement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you want to become a better leader, work on modeling the qualities that you would like to see in your team members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-13\">Be Passionate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-15\">Would you look to someone for guidance and leadership if they did not truly care about the goals of the group? Of course not! Great leaders are not just focused on getting group members to finish tasks; they have a genuine passion and enthusiasm for the projects they work on.<sup>2</sup>﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-16\">You can develop this leadership quality by thinking of different ways that you can express your zeal. Let people know that you care about their progress. When one person shares something with the rest of the group, be sure to tell them how much you appreciate such contributions.</p>\n<!-- /wp:paragraph -->','10 Tips for Becoming a Better Leader','','inherit','closed','closed','','1709-revision-v1','','','2021-06-16 19:14:49','2021-06-16 19:14:49','',1709,'http://smartinsurance.tips/?p=1713',0,'revision','',0),(1716,1,'2021-06-16 19:37:33','2021-06-16 19:37:33','<!-- wp:image {\"id\":1722,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-39-1024x536.png\" alt=\"\" class=\"wp-image-1722\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>A commercial umbrella policy protects your business against large liability losses by providing an added layer of coverage over your primary insurance. It affords extra coverage to help pay for costs that exceed the liability limits on your general liability, commercial auto liability, and other underlying policies. An umbrella safeguards your firm against unexpected claims that could devastate your business and force it to shut down.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-3\">What Is Umbrella Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Umbrella insurance provides an added layer of liability coverage that applies when the limits on your underlying policies have been used up in the payment of damages. A personal umbrella applies after the liability limits on the insured\'s homeowners, personal auto, and boat policies have been reduced or exhausted. A commercial umbrella pays claims after the limits on the insured\'s general liability, business auto, and employers liability insurance have been reduced or depleted.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Umbrella insurance serves three basic purposes:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol id=\"mntl-sc-block_1-0-11\"><li>It provides extra limits over those contained in the primary coverage.</li><li>It pays for certain types of losses that aren\'t covered by the underlying policies.</li><li>An umbrella drops down to provide coverage when an aggregate limit in a primary policy has been reduced or exhausted by claim payments.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: While a standard Insurance Services Office (ISO) commercial umbrella policy form is available, few insurers use it. Most insurers that offer commercial umbrella coverage issue their policies on proprietary forms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-15\">Reasons to Purchase An Umbrella Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">Many businesses purchase a commercial umbrella because they need more protection against large losses than their primary policies can provide. While any firm can be hit with a large claim, some businesses are more vulnerable to catastrophic losses than others. Examples are construction contractors, tree trimmers, and crane operators.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some businesses obtain an umbrella to fulfill limits requirements in a contract. For example, suppose that Premier Paving has contracted with Busy Builders to construct a parking lot at a new shopping center. The contract requires Premier to maintain a $3 million per occurrence limit for general liability and a $3 million per accident limit for auto liability insurance. If Premier\'s primary liability and auto policies have limits of only $1 million, the company can satisfy the contract by purchasing an umbrella policy with a $2 million limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The $2 million umbrella will \"sit on top of\" Premier\'s $1 million general liability and auto liability policies, resulting in a total limit of $3 million.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-25\">How Does Commercial Umbrella Insurance Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A commercial umbrella covers damages or settlements that result from claims against your firm for bodily injury, property damage, or personal and advertising injury. It also pays the cost of defending your business against lawsuits covered by the policy. The umbrella will apply if a claim covered by the policy generates damages or a settlement that exceeds the limits on your primary insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The following example demonstrates how an umbrella works. Premier Paving is working on the parking lot project outlined above. A Premier employee is operating an asphalt paving machine when he accidentally injures two bystanders. Each sues Premier for $750,000. The claims arose from the same occurrence so Premier\'s general liability policy pays only $1 million for both claims. Premier\'s umbrella policy will pay the remaining $250,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An umbrella may cover some risks not insured by underlying policies. An example is claims brought outside the United States. Most general liability policies limit coverage to claims brought in the U.S.A. or Canada, but many umbrellas cover claims brought anywhere in the world.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-35\">Umbrella Coverage Limits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-37\">Commercial umbrellas are sold in $1 million increments. Some businesses may need an umbrella with a $1 million limit while others may require a $5 million, $10 million, or even a $100 million policy. Like primary liability policies, an umbrella includes a per occurrence limit and an aggregate limit. The two limits are the same. That is, if the per occurrence limit is $1 million, the aggregate limit will be $1 million as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Warning: An umbrella provides excess coverage over the policies listed in the schedule of underlying insurance. It won\'t provide any excess coverage over policies not listed in the schedule.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-41\">Commercial Umbrella Insurance Cost</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">The cost of an umbrella policy depends on the limits you purchase, the nature of your business, and your claim\'s history. A policy with a $5 million limit will cost more than a policy with a $1 million limit. Businesses in riskier occupations like transportation or construction will pay more for an umbrella than those in low-risk occupations. For most small businesses, umbrella coverage is relatively inexpensive. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-45\">Things to Watch Out For</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">There are a few things to keep in mind when shopping for an umbrella. First, most commercial umbrellas are written on forms drafted by insurers so policies can vary widely. Some insurers call their policy an umbrella when it\'s really an excess policy. The terms aren\'t synonymous. An umbrella provides both extra limits and broader coverage than the underlying insurance. An excess policy provides extra limits but no broader coverage than the primary insurance. If the policy you are buying is truly an umbrella, it should afford broader coverage than your primary policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Secondly, some umbrellas include a self-insured retention (SIR), a specified amount your firm must pay before your umbrella will make any payment. An SIR applies to claims covered by the umbrella but not by underlying policies. For example, suppose your umbrella includes a $5,000 SIR. Your umbrella (but not your primary policy) covers claims arising from discrimination not related to employment. A customer sues your firm, claiming your company discriminated against him based on his religion. If the claim is settled for $20,000, you will pay $5,000 and your umbrella will pay the remaining $15,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, your umbrella policy and all of your primary policies should have the same inception and expiration dates. Coverage gaps can occur if your umbrella doesn\'t run concurrently with your underlying policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancesmb.com/before-you-buy-an-umbrella-policy-462598\">click here</a>.</p>\n<!-- /wp:paragraph -->','The Basics of Commercial Umbrella Policies','','publish','open','open','','how-to-make-a-greener-choice-for-your-laundry-room','','','2021-06-16 20:35:57','2021-06-16 20:35:57','',0,'http://smartinsurance.tips/?p=1716',0,'post','',0),(1717,1,'2021-06-16 19:37:33','2021-06-16 19:37:33','<!-- wp:divi/placeholder /-->','How to Make a Greener Choice for Your Laundry Room','','inherit','closed','closed','','1716-revision-v1','','','2021-06-16 19:37:33','2021-06-16 19:37:33','',1716,'http://smartinsurance.tips/?p=1717',0,'revision','',0),(1719,1,'2021-06-16 19:38:01','2021-06-16 19:38:01','','dfsdf','','inherit','open','closed','','dfsdf','','','2021-06-16 19:38:01','2021-06-16 19:38:01','',1716,'http://smartinsurance.tips/wp-content/uploads/2021/06/dfsdf.jpg',0,'attachment','image/jpeg',0),(1720,1,'2021-06-16 19:57:47','2021-06-16 19:57:47','','dfsdf-1','','inherit','open','closed','','dfsdf-1','','','2021-06-16 19:57:47','2021-06-16 19:57:47','',1716,'http://smartinsurance.tips/wp-content/uploads/2021/06/dfsdf-1.jpg',0,'attachment','image/jpeg',0),(1734,1,'2021-06-16 20:53:03','2021-06-16 20:53:03','<!-- wp:image {\"id\":1738,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-44-1024x536.png\" alt=\"\" class=\"wp-image-1738\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>When it comes to lowering your auto premiums, you’re in the driver’s seat.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Having adequate car insurance is both smart and prudent, but there\'s no question that it adds to the expense of driving. The good news is that premiums can vary by hundreds of dollars depending on a number of factors. Review your coverage at renewal time to make sure your insurance is in step with your needs, and follow these practical steps to reduce the bottom line on your auto policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Shop around for your car insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Prices differ from company to company, so it pays to shop around.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Get at least three quotes, from both different insurance companies and different <em>types</em> of insurance companies—that is, those that sell through their own agents; those that sell through independent agents; and those that sell directly to consumers via the phone, an app or the Internet. Ask friends and relatives for their recommendations based on their experiences, and do your own due diligence by researching the company before committing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Understand auto insurance enough that you can ask a prospective insurer informed questions. Anyone you speak to should take the time to answer to your satisfaction. Remember, these are the people you\'ll rely on if the worst happens and you need to make a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep in mind that the lowest price isn\'t always the \"cheapest\" option. Make sure the company you choose is reputable, and that you\'re comfortable with the service you get from the insurance professionals you speak to. Your state insurance department or online consumer information sites may provide information on consumer complaints by the company to help you choose the right insurance company for your needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Compare insurance costs&nbsp;<em>before</em>&nbsp;you buy a car</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Auto insurance premiums are based in part on the car’s price, the cost to repair it, its overall safety record and the likelihood of theft. Many insurers offer discounts for features that reduce the risk of car theft or personal injuries, or for cars that are known to be safe. When you\'re comparing new or used vehicles to purchase, also research what each will cost to insure. To start, you can check safety rankings for specific models with the Insurance Institute for Highway Safety’s (IIHS) online Top Safety Pick ratings tool.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"1\">Having adequate car insurance is both smart and prudent, but there\'s no question that it adds to the expense of driving. The good news is that premiums can vary by hundreds of dollars depending on a number of factors. Review your coverage at renewal time to make sure your insurance is in step with your needs, and follow these practical steps to reduce the bottom line on your auto policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Raise your deductible</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>By choosing a higher deductible on your car insurance, you can significantly lower your premium costs. Of course, be sure you have enough money set aside to pay the higher deductible in the event you have a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Reduce optional insurance on your older car</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As a rule of thumb, if your older car is worth less than 10 times the insurance premium, having collision and/or comprehensive coverage may not be cost effective. To find out whether this is true for you, check the value of your car. You can look up what your car is worth for free on websites such as Kelley Blue Book, National Association of Auto Dealers (NADA), and TrueCar. &nbsp;&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2> Bundle your insurance and/or stick with the same company</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many insurers will give you a discount if you purchase two or more types of insurance from them—such as homeowners and auto—or have more than one vehicle insured. Some companies offer a price break to longtime customers. There are no guarantees, so do your homework and compare costs for a multi-policy discount from a single insurer with buying your insurance separately from different companies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Maintain a good credit history</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Establishing a solid credit history has many benefits, including lower insurance costs. Many insurers use credit information to price auto insurance policies. (Research shows that people who effectively manage their credit make fewer claims). To be sure you’re getting the good credit you deserve, it’s a good idea to check your credit record on a regular basis to be sure all information is accurate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Take advantage of low mileage discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some companies offer discounts to motorists who drive less than the average number of miles per year. Low mileage discounts can also apply to drivers who carpool to work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>&nbsp;Ask about group insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some companies offer reductions to drivers who get insurance through a group plan from their employers, through professional, business and alumni groups or from other associations. Check with your affiliated organizations to see what they offer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2> Seek out other discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are other discounts that your insurer may offer to policyholders. For example, some companies offer discounts to those who\'ve not had any accidents or moving violations during a specified period, or who have taken a defensive driving course. If there is a young driver on your policy who is a good student, has taken a driver\'s education course or is away at college without a car, you may also qualify for a lower rate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ask your insurer what discounts you might qualify for, but keep in mind that what\'s important is the final cost of your policy. A company that offers few discounts may still be able to give you a lower overall premium price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancesmb.com/how-to-make-your-small-business-more-successful-4060804\">c</a><a href=\"https://www.iii.org/article/how-can-i-save-money-auto-insurance\">lick her</a><a href=\"https://www.thebalancesmb.com/how-to-make-your-small-business-more-successful-4060804\">e</a>.</p>\n<!-- /wp:paragraph -->','How to save money on car insurance?','','publish','open','open','','10-ways-to-save-money-on-affordable-car-insurance','','','2021-06-16 21:03:11','2021-06-16 21:03:11','',0,'http://smartinsurance.tips/?p=1734',0,'post','',0),(1735,1,'2021-06-16 20:53:03','2021-06-16 20:53:03','<!-- wp:divi/placeholder /-->','10 Ways to Save Money on Affordable Car Insurance','','inherit','closed','closed','','1734-revision-v1','','','2021-06-16 20:53:03','2021-06-16 20:53:03','',1734,'http://smartinsurance.tips/?p=1735',0,'revision','',0),(1737,1,'2021-06-16 20:54:44','2021-06-16 20:54:44','','My-Post-43','','inherit','open','closed','','my-post-43','','','2021-06-16 20:54:44','2021-06-16 20:54:44','',1734,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-43.png',0,'attachment','image/png',0),(1738,1,'2021-06-16 20:58:26','2021-06-16 20:58:26','','My-Post-44','','inherit','open','closed','','my-post-44','','','2021-06-16 20:58:26','2021-06-16 20:58:26','',1734,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-44.png',0,'attachment','image/png',0),(1715,1,'2021-06-16 19:16:53','2021-06-16 19:16:53','<!-- wp:image {\"id\":1712,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-35-1024x536.png\" alt=\"\" class=\"wp-image-1712\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>How would you describe a strong leader? In one study, leadership qualities such as assertiveness, adaptability, intelligence, and conscientiousness were cited as the most important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Transformational leaders are positive, empowering, and inspiring. They value followers and inspire them to perform better. So what can you do to embrace these valued leadership qualities and become a stronger and more effective leader?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Transformational leaders are usually described as enthusiastic, passionate, genuine and energetic. These leaders are not just concerned about helping the group achieve its goals; they also care about helping each member of the group reach his or her full potential.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consider some of the following tips for how to become a better leader, and think about ways that you can implement these strategies in your daily life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0\">Start by Understanding Your Leadership Style</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Understanding your current leadership style is essential. What are your strengths? Which areas need some improvement? One way to start assessing your skills is to take this leadership style quiz to get a general idea of how you lead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you have completed the quiz, read about the major characteristics of your dominant style. Are these qualities helping or hindering your leadership? Once you\'ve determined which areas need some work, you can begin looking for ways to improve your leadership abilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-4\">Encourage Creativity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Intellectual stimulation is one of the leadership qualities that define transformational leadership. Followers need to be encouraged to express their creativity. Effective leaders should offer new challenges with ample support to achieve these goals.1﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One way to foster creativity is to offer challenges to group members, making sure that the goals are within the grasp of their abilities. The purpose of this type of exercise is to get people to stretch their limits, but not become discouraged by barriers to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-8\">Serve as a Role Model</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-10\">Idealized influence is another of the four key components of transformational leadership. Transformational leaders exemplify the behaviors and characteristics that they encourage in their followers. They walk the walk and talk the talk. As a result, group members admire these leaders and work to emulate these behaviors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-11\">Research suggests that leaders are able to foster a specific belief and then transmit that inspiration to their followers.<sup>2</sup>﻿ As a result, followers are optimistic and have high standards for performance and achievement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you want to become a better leader, work on modeling the qualities that you would like to see in your team members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-13\">Be Passionate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-15\">Would you look to someone for guidance and leadership if they did not truly care about the goals of the group? Of course not! Great leaders are not just focused on getting group members to finish tasks; they have a genuine passion and enthusiasm for the projects they work on.<sup>2</sup>﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-16\">You can develop this leadership quality by thinking of different ways that you can express your zeal. Let people know that you care about their progress. When one person shares something with the rest of the group, be sure to tell them how much you appreciate such contributions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-17\">Listen and Communicate Effectively</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Another important quality of transformational leadership involves a focus on providing one-on-one communication with group members. Transformational leadership is effective when leaders are able to communicate their vision to followers, who then feel inspired and motivated by this vision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Good leaders should express sincere care and concern for the members of their group both verbally and nonverbally.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By keeping the lines of communication open, these leaders can ensure that group members feel able to make contributions and receive recognition for their achievements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-22\">Have a Positive Attitude</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-24\">Transformational leaders have an upbeat, optimistic attitude that serves as a source of inspiration for followers. If leaders seem discouraged or apathetic, members of the group are likely to also become uninspired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-25\">Even when things look bleak and your followers start to feel disheartened, try to stay positive. This does not mean viewing things through rose-colored glasses. It simply means maintaining a sense of optimism and hope in the face of challenges.7</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-26\">Encourage People to Make Contributions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Let the members of your team know that you welcome their ideas. Leaders who encourage involvement from group members are often referred to as democratic or participative leaders. While they retain the final say over all decisions, they encourage team members to take an active role in coming up with ideas and plans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Research has shown that using a democratic leadership style leads to greater commitment, more creative problem-solving and improved productivity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-30\">Motivate Your Followers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-32\">Transformational leaders also provide inspirational motivation to encourage their followers to get into action. Of course, being inspirational isn\'t always easy. Fortunately, you don\'t need motivational speeches to rouse your group members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-33\">Some ideas for leadership​ inspiration include being genuinely passionate about ideas or goals, helping followers feel included in the process and offering recognition, praise, and rewards for people\'s accomplishments.9</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-34\">Offer Rewards and Recognition</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0-36\">Another important quality of a good leader involves knowing that offering effective recognition and rewards is one of the best ways to help followers feel appreciated and happy. It may also come as no surprise that happy people tend to perform better at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-37\">Keep Trying New Things</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Who says leadership is a one-way relationship? As you work toward developing some of these leadership qualities, don\'t forget to look to your followers for feedback and inspiration. Pay attention to the things that have been effective in the past and always be on the lookout for new ways to inspire, motivate, and reward group members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.verywellmind.com/ways-to-become-a-better-leader-2795324\">click here</a>.</p>\n<!-- /wp:paragraph -->','10 Tips for Becoming a Better Leader','','inherit','closed','closed','','1709-revision-v1','','','2021-06-16 19:16:53','2021-06-16 19:16:53','',1709,'http://smartinsurance.tips/?p=1715',0,'revision','',0),(1724,1,'2021-06-16 20:38:11','2021-06-16 20:38:11','<!-- wp:image {\"id\":1726,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-40-1024x536.png\" alt=\"\" class=\"wp-image-1726\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Why E-Bike Insurance Is a Good Idea?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Whether you’re using an electric bike to zip to work, run errands, or explore your community, you’re likely seeing more people around you on similar rides. The popularity of e-bikes is growing, but since they’re relatively new, laws governing their use are like a patchwork quilt across the nation. E-bikes don’t have the same powerful engines as motorcycles, but some states have drafted laws requiring that riders have a driver’s license, helmet, and vehicle registration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">But do you need insurance for an e-bike? Like the requirements above, the answer depends on where you live. However, even if e-bike insurance isn’t required in your state, you may want to consider it anyway. Your home and car insurance policies might provide some protection for an e-bike, but they can’t beat the specialized coverage of an electric bike insurance policy.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-6\">Will Homeowners or Auto Insurance Cover Electric Bikes? </h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An auto, condo, homeowners, or renters insurance policy may provide some protection for your e-bike. Standard home insurance policies include personal property coverage, which may help pay to repair or replace your e-bike if it’s damaged in a covered loss or stolen from either your home or a public location. A condo, homeowners, or renters policy may also provide some protection if your e-bike sustains damage while you’re transporting it in your vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, home insurance policies set limits on payouts for certain types of personal property. And most standard condo, homeowners, and renters policies only pay a depreciated value, known as actual cash value, for personal property. If your e-bike is worth more than that limit, your home insurance policy may not provide adequate protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: Your provider may allow you to add your e-bike to a condo, homeowners, or renters policy as scheduled personal property, which allows you to increase your coverage for a specific item.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Home insurance policies probably won’t cover collision damage to an e-bike unless you’ve added it to your coverage as scheduled property. If you’re injured while biking, your health insurance will likely cover medical costs. The medical payments coverage of your car insurance may pay some hospital bills and lost wages if you collide with an automobile, but you should check with your insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re at fault for an accident while riding your e-bike, and cause someone else’s injuries or property damage, the personal liability coverage of your condo, homeowners, or renters policy might cover some costs. But it also might not, depending on the type of e-bike you have and other factors. Again, check with your insurer to know exactly how much coverage you might already have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And keep in mind that home insurance claims are subject to deductibles and limits, so read your policy carefully before filing a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-24\">What Is Electric Bike Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">If your bike is expensive, like many e-bikes, you should consider buying an insurance policy for it. These standalone policies are designed for bike owners and go beyond the protections offered by a condo, home, or renters insurance policy. A comprehensive electric bike insurance policy may offer coverage for:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-29\"><li>Accidental damage</li><li>Collisions with uninsured motorists</li><li>Crash damage</li><li>Cycling apparel damage or theft</li><li>In-transit losses</li><li>Liability</li><li>Medical payments</li><li>Racing-related damages or losses</li><li>Rental bike reimbursement following a covered loss</li><li>Roadside assistance</li><li>Spare parts losses</li><li>Theft and vandalism</li><li>Vehicle contact</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Your home insurance policy may have a deductible of $1,000 or more. But with a bike insurance policy, you can choose a deductible as low as $200. And if you own more than one bike, some insurers will allow you to purchase a single policy that covers your entire collection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-34\">Do You Need E-Bike Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Electric bike laws vary by state. Many states have established classification systems for e-bikes to differentiate between similar types of vehicles, like electric scooters and mopeds. According to the National Conference of State Legislators, 26 states have adopted a three-tier electric bike classification system:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-39\"><li><strong>Class 1</strong>: E-bikes with motors that provide pedaling assistance up to 20 miles per hour.</li><li><strong>Class 2</strong>: E-bikes with motors that can provide pedaling assistance or propel the bike without pedaling up to 20 miles per hour.</li><li><strong>Class 3</strong>: E-bikes equipped with motors that provide pedaling assistance up to 28 miles per hour and with speedometers.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">States use these classifications to establish laws that govern many aspects of electric bike ownership, including driver age limits and requirements for helmets, licenses, and registration. Some states have also used e-bike classification to clarify insurance requirements. For example, in New Jersey, e-bike owners aren’t required to carry insurance, have a license, or register class 1 or 2 electric bicycles—but riders or passengers aged 17 or younger must wear helmets. If you’re unsure about your state’s e-bike insurance requirements, check with your state department of insurance or your insurance agent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-44\">How to Buy E-Bike Insurance&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-46\">The cost of electric bike insurance can depend on aspects such as the type and value of your e-bike, the coverages you choose, and your deductible. However, it’s relatively affordable, typically starting at around $100 per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">When shopping for electric bike insurance, look for a policy that includes a comprehensive set of coverages, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-52\"><li><strong>Liability</strong>: As with auto insurance, liability coverage should include injuries to another person and damage to property when you’re at fault for an accident while riding your bike. Some carriers offer liability coverage up to $100,000.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-52\"><li><strong>Uninsured motorist</strong>: If an uninsured driver hits you, you could face astronomical medical expenses, so it’s important to find an electric bike policy that includes uninsured motorist coverage. Some companies offer uninsured motorist coverage with limits as high as $500,000.</li><li><strong>Physical damage</strong>: A policy should cover damage to your bike caused by contact with another vehicle. It should also cover losses resulting from collisions with an object, such as a curb or tree. Also, look for a policy that covers your bike while in transit to protect yourself when traveling to a trailhead, a race, or a biking vacation.</li><li><strong>Theft and vandalism</strong>: Look for a policy that offers replacement cost coverage that will pay to replace your e-bike if it is stolen or destroyed by vandals. Comprehensive coverage should also include accidental damage caused by you or someone else.</li><li><strong>Medical payments</strong>: E-bike medical payments coverage helps pay your medical costs when you’re involved in a covered bike-related accident. Look for a policy that provides flexible limits up to the amount of coverage you need.</li><li><strong>Other coverages</strong>: Coverage needs are subjective. If you plan to take your bike abroad, you’ll need a policy that provides worldwide damage coverage. Likewise, if you’re a competitive cyclist, you’ll need a policy that covers racing, cycling apparel, spare parts, and event fee reimbursement. If you commute to work on your e-bike, you might need a policy that offers rental bike reimbursement and roadside assistance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">Some mainstream insurers offer e-bike insurance policies, and you could qualify for a multi-policy discount if you have other coverage with them. Providers that specialize in electric bike insurance include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-58\"><li>Markel Insurance</li><li>Simple Bike Insurance</li><li>Spoke Insurance</li><li>Sundays Insurance</li><li>Velosurance</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-60\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-62\">If you spend several thousand dollars on an e-bike, protecting it with a standalone electric bike insurance policy makes sense. A condo, home, or renters policy might provide some protection if your e-bike is stolen from your garage or destroyed in a house fire, but it probably won’t provide enough coverage to replace it. Policies designed for e-bikes offer a wide range of coverages that cyclists need to protect their gear at home, on the road, and abroad. E-bike insurance is affordable and a good idea for recreational riders and commuters alike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/electric-bike-insurance-5181607\">click here</a>.</p>\n<!-- /wp:paragraph -->','What Is Electric Bike Insurance and Do You Need It?','','publish','open','open','','what-is-electric-bike-insurance-and-do-you-need-it','','','2021-06-16 20:42:08','2021-06-16 20:42:08','',0,'http://smartinsurance.tips/?p=1724',0,'post','',0),(1725,1,'2021-06-16 20:38:11','2021-06-16 20:38:11','<!-- wp:divi/placeholder /-->','What Is Electric Bike Insurance and Do You Need It?','','inherit','closed','closed','','1724-revision-v1','','','2021-06-16 20:38:11','2021-06-16 20:38:11','',1724,'http://smartinsurance.tips/?p=1725',0,'revision','',0),(1726,1,'2021-06-16 20:38:33','2021-06-16 20:38:33','','My-Post-40','','inherit','open','closed','','my-post-40','','','2021-06-16 20:38:33','2021-06-16 20:38:33','',1724,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-40.png',0,'attachment','image/png',0),(1721,1,'2021-06-16 20:35:11','2021-06-16 20:35:11','','dfsdf-2','','inherit','open','closed','','dfsdf-2','','','2021-06-16 20:35:11','2021-06-16 20:35:11','',1716,'http://smartinsurance.tips/wp-content/uploads/2021/06/dfsdf-2.jpg',0,'attachment','image/jpeg',0),(1722,1,'2021-06-16 20:35:21','2021-06-16 20:35:21','','My-Post-39','','inherit','open','closed','','my-post-39','','','2021-06-16 20:35:21','2021-06-16 20:35:21','',1716,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-39.png',0,'attachment','image/png',0),(1723,1,'2021-06-16 20:35:56','2021-06-16 20:35:56','<!-- wp:image {\"id\":1722,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-39-1024x536.png\" alt=\"\" class=\"wp-image-1722\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>A commercial umbrella policy protects your business against large liability losses by providing an added layer of coverage over your primary insurance. It affords extra coverage to help pay for costs that exceed the liability limits on your general liability, commercial auto liability, and other underlying policies. An umbrella safeguards your firm against unexpected claims that could devastate your business and force it to shut down.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-3\">What Is Umbrella Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Umbrella insurance provides an added layer of liability coverage that applies when the limits on your underlying policies have been used up in the payment of damages. A personal umbrella applies after the liability limits on the insured\'s homeowners, personal auto, and boat policies have been reduced or exhausted. A commercial umbrella pays claims after the limits on the insured\'s general liability, business auto, and employers liability insurance have been reduced or depleted.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Umbrella insurance serves three basic purposes:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol id=\"mntl-sc-block_1-0-11\"><li>It provides extra limits over those contained in the primary coverage.</li><li>It pays for certain types of losses that aren\'t covered by the underlying policies.</li><li>An umbrella drops down to provide coverage when an aggregate limit in a primary policy has been reduced or exhausted by claim payments.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: While a standard Insurance Services Office (ISO) commercial umbrella policy form is available, few insurers use it. Most insurers that offer commercial umbrella coverage issue their policies on proprietary forms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-15\">Reasons to Purchase An Umbrella Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">Many businesses purchase a commercial umbrella because they need more protection against large losses than their primary policies can provide. While any firm can be hit with a large claim, some businesses are more vulnerable to catastrophic losses than others. Examples are construction contractors, tree trimmers, and crane operators.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some businesses obtain an umbrella to fulfill limits requirements in a contract. For example, suppose that Premier Paving has contracted with Busy Builders to construct a parking lot at a new shopping center. The contract requires Premier to maintain a $3 million per occurrence limit for general liability and a $3 million per accident limit for auto liability insurance. If Premier\'s primary liability and auto policies have limits of only $1 million, the company can satisfy the contract by purchasing an umbrella policy with a $2 million limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The $2 million umbrella will \"sit on top of\" Premier\'s $1 million general liability and auto liability policies, resulting in a total limit of $3 million.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-25\">How Does Commercial Umbrella Insurance Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A commercial umbrella covers damages or settlements that result from claims against your firm for bodily injury, property damage, or personal and advertising injury. It also pays the cost of defending your business against lawsuits covered by the policy. The umbrella will apply if a claim covered by the policy generates damages or a settlement that exceeds the limits on your primary insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The following example demonstrates how an umbrella works. Premier Paving is working on the parking lot project outlined above. A Premier employee is operating an asphalt paving machine when he accidentally injures two bystanders. Each sues Premier for $750,000. The claims arose from the same occurrence so Premier\'s general liability policy pays only $1 million for both claims. Premier\'s umbrella policy will pay the remaining $250,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An umbrella may cover some risks not insured by underlying policies. An example is claims brought outside the United States. Most general liability policies limit coverage to claims brought in the U.S.A. or Canada, but many umbrellas cover claims brought anywhere in the world.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-35\">Umbrella Coverage Limits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-37\">Commercial umbrellas are sold in $1 million increments. Some businesses may need an umbrella with a $1 million limit while others may require a $5 million, $10 million, or even a $100 million policy. Like primary liability policies, an umbrella includes a per occurrence limit and an aggregate limit. The two limits are the same. That is, if the per occurrence limit is $1 million, the aggregate limit will be $1 million as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Warning: An umbrella provides excess coverage over the policies listed in the schedule of underlying insurance. It won\'t provide any excess coverage over policies not listed in the schedule.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-41\">Commercial Umbrella Insurance Cost</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">The cost of an umbrella policy depends on the limits you purchase, the nature of your business, and your claim\'s history. A policy with a $5 million limit will cost more than a policy with a $1 million limit. Businesses in riskier occupations like transportation or construction will pay more for an umbrella than those in low-risk occupations. For most small businesses, umbrella coverage is relatively inexpensive. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-45\">Things to Watch Out For</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">There are a few things to keep in mind when shopping for an umbrella. First, most commercial umbrellas are written on forms drafted by insurers so policies can vary widely. Some insurers call their policy an umbrella when it\'s really an excess policy. The terms aren\'t synonymous. An umbrella provides both extra limits and broader coverage than the underlying insurance. An excess policy provides extra limits but no broader coverage than the primary insurance. If the policy you are buying is truly an umbrella, it should afford broader coverage than your primary policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Secondly, some umbrellas include a self-insured retention (SIR), a specified amount your firm must pay before your umbrella will make any payment. An SIR applies to claims covered by the umbrella but not by underlying policies. For example, suppose your umbrella includes a $5,000 SIR. Your umbrella (but not your primary policy) covers claims arising from discrimination not related to employment. A customer sues your firm, claiming your company discriminated against him based on his religion. If the claim is settled for $20,000, you will pay $5,000 and your umbrella will pay the remaining $15,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, your umbrella policy and all of your primary policies should have the same inception and expiration dates. Coverage gaps can occur if your umbrella doesn\'t run concurrently with your underlying policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancesmb.com/before-you-buy-an-umbrella-policy-462598\">click here</a>.</p>\n<!-- /wp:paragraph -->','The Basics of Commercial Umbrella Policies','','inherit','closed','closed','','1716-revision-v1','','','2021-06-16 20:35:56','2021-06-16 20:35:56','',1716,'http://smartinsurance.tips/?p=1723',0,'revision','',0),(1729,1,'2021-06-16 20:44:18','2021-06-16 20:44:18','<!-- wp:image {\"id\":1732,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-42-1024x536.png\" alt=\"\" class=\"wp-image-1732\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Casualty insurance is a type of insurance that covers you if you’re legally responsible for another person’s injuries or property damage, such as from a car accident or an accident in your home. Below, we take an in-depth look at what casualty insurance is, how it works, who files the claim, and whether it’s worth getting or increasing your coverage.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-3\">What Is Casualty Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Casualty insurance protects you when you’re liable for someone getting hurt or their belongings getting damaged. The circumstances in which you’re covered depend on the specifics of your policy. For instance, a car insurance policy might pay to repair a neighbor’s fence after you drove into it.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">You’ll often see casualty insurance lumped together with property insurance and referred to as “property and casualty insurance” or “P&amp;C insurance.” While the casualty portion shields you from the costs of injuries and damages to other people or their property, the property portion of P&amp;C insurance covers damages to your own belongings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Casualty insurance doesn’t cover your own injuries or property damage, or those of other people listed in your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">If you own a company, business casualty insurance can protect you when a customer is injured by one of your products or services.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-15\">How Does Casualty Insurance Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">Casualty insurance is usually bundled into your insurance policy, so you pay for it when your insurance bill is due. Your policy and quotes may specify how much you pay for each coverage, making it easier to adjust limits to fit your budget and needs. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When looking at your policy, you’ll typically find casualty insurance under coverages for others when you’re at fault. For homeowners policies, these coverages may show up as “personal liability,” “personal injury liability,” and “medical payments to others.” Your auto policy includes this type of insurance under “bodily injury liability” and “property damage liability.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Business owners can purchase casualty insurance coverages like workers’ compensation, general liability, and employer’s liability insurance (EPLI).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">There are many scenarios where your casualty insurance would kick in to cover costs. For example, home insurance might pay for expenses and legal fees associated with:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-29\"><li><strong>Falls, trips, and slips</strong>: A guest trips on their feet while in your home and breaks a wrist.</li><li><strong>Dog bites</strong>: Your dog breaks free during your morning walk and bites another dog.</li><li><strong>Fallen trees</strong>: A windy day causes a branch from a tree on your property to break and put a hole in the neighbor’s roof.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">Auto casualty insurance can come into play in a number of situations, such as when someone in another car is hurt in an accident you caused or if you accidentally hit a neighbor’s mailbox while making a U-turn.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-34\">How Do I File a Casualty Insurance Claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Each insurer handles the claim process differently. In general, the other party files the claim with your insurance if you’re at fault for the damage or injury. Home and auto liability claims don’t usually have a deductible, so your insurance covers all costs for approved claims up to your limits.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">If you’re the one who was hurt or had property damage, you’ll most likely work with the other person’s claim representative or insurance adjuster. Their insurer may pay your claim directly to you or another entity, such as a collision repair shop.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Car insurance companies use police reports, photos, details gathered from you and the policyholder, and more to determine who is at fault and whether a liability payout is due. For any insurance claims involving injury, it’s crucial to gather as much evidence as possible to support your claim, such as immediate medical evaluations, photos and videos of what caused your injury, and witness statements.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">If the issue is with a homeowner, and they have no-fault medical coverage, you may be able to submit bills directly to their insurance company without needing to file a claim first.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: After a car accident, it’s essential to contact your insurer, regardless of who was at fault. Your insurer can then work on your behalf to help you file a liability claim with the other insurer. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-49\">How Much Casualty Insurance Should I Get?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">Liability limits are the maximum an insurer will pay for a claim. Standard homeowners policies typically provide $300,000 of personal liability for property damages and injuries and $1,000 to $5,000 for medical payments to others. If your personal liability limits are enough to protect your assets in claims and lawsuits, then your insurance is likely sufficient. If not, consider raising your coverage to the highest level you can reasonably afford.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s important to understand the distinction between liability coverage and medical payments to others. Liability takes care of medical costs if you’re deemed liable for someone else’s injury. Medical payments is a more limited form of coverage that pays regardless of fault (and only to guests you invite on your property, in the case of a homeowners policy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Car insurance minimum liability limits are set by each state, though these amounts may not be enough to cover expenses in a serious accident. Like with homeowners insurance, consider purchasing as much liability coverage as you can afford.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Warning: Tip: Umbrella policies are sold separately and can cover liability claims in excess of your home and auto insurance policies. Costs depend on factors like your existing liability coverage and your risk profile. In general, a $1 million umbrella policy costs $150 to $300 per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-61\">Do I Need Casualty Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-63\">Typically, the only casualty insurance you’re legally required to carry is bodily injury liability and property damage liability under your auto insurance policy. Many states also require personal injury protection, and amounts vary by state. There are no state-mandated liability requirements for home insurance policies, but standard home insurance policies typically come with some protection and your mortgage lender will have its own requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-66\">Regardless of whether the law requires it, having adequate casualty insurance financially shields you from paying out of pocket to cover costly legal fees, lawsuits, others’ medical expenses, and lost wages. Your state’s minimum liability limits for car insurance may also not be enough to fully cover costs after a serious accident. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>Casualty insurance pays for another person’s injuries and property damage when you’re found legally liable. </li><li>Insurers only pay up to your liability limits, so you’re responsible for costs beyond those amounts. Umbrella insurance can help pick up the tab for excess amounts. It’s purchased as a separate policy. </li><li>You’re only required to carry your state’s minimum liability limits on your auto policy, but consider getting as much home and auto casualty insurance as you can reasonably afford for greater financial protection.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/casualty-insurance-what-is-it-5094701\">click here</a>.</p>\n<!-- /wp:paragraph -->','What Is Casualty Insurance?','','publish','open','open','','what-is-casualty-insurance','','','2021-06-16 20:52:10','2021-06-16 20:52:10','',0,'http://smartinsurance.tips/?p=1729',0,'post','',0),(1730,1,'2021-06-16 20:44:18','2021-06-16 20:44:18','<!-- wp:divi/placeholder /-->','What Is Casualty Insurance?','','inherit','closed','closed','','1729-revision-v1','','','2021-06-16 20:44:18','2021-06-16 20:44:18','',1729,'http://smartinsurance.tips/?p=1730',0,'revision','',0),(1732,1,'2021-06-16 20:49:39','2021-06-16 20:49:39','','My-Post-42','','inherit','open','closed','','my-post-42','','','2021-06-16 20:49:39','2021-06-16 20:49:39','',1729,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-42.png',0,'attachment','image/png',0),(1728,1,'2021-06-16 20:42:06','2021-06-16 20:42:06','<!-- wp:image {\"id\":1726,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-40-1024x536.png\" alt=\"\" class=\"wp-image-1726\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Why E-Bike Insurance Is a Good Idea?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Whether you’re using an electric bike to zip to work, run errands, or explore your community, you’re likely seeing more people around you on similar rides. The popularity of e-bikes is growing, but since they’re relatively new, laws governing their use are like a patchwork quilt across the nation. E-bikes don’t have the same powerful engines as motorcycles, but some states have drafted laws requiring that riders have a driver’s license, helmet, and vehicle registration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">But do you need insurance for an e-bike? Like the requirements above, the answer depends on where you live. However, even if e-bike insurance isn’t required in your state, you may want to consider it anyway. Your home and car insurance policies might provide some protection for an e-bike, but they can’t beat the specialized coverage of an electric bike insurance policy.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-6\">Will Homeowners or Auto Insurance Cover Electric Bikes? </h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An auto, condo, homeowners, or renters insurance policy may provide some protection for your e-bike. Standard home insurance policies include personal property coverage, which may help pay to repair or replace your e-bike if it’s damaged in a covered loss or stolen from either your home or a public location. A condo, homeowners, or renters policy may also provide some protection if your e-bike sustains damage while you’re transporting it in your vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, home insurance policies set limits on payouts for certain types of personal property. And most standard condo, homeowners, and renters policies only pay a depreciated value, known as actual cash value, for personal property. If your e-bike is worth more than that limit, your home insurance policy may not provide adequate protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: Your provider may allow you to add your e-bike to a condo, homeowners, or renters policy as scheduled personal property, which allows you to increase your coverage for a specific item.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Home insurance policies probably won’t cover collision damage to an e-bike unless you’ve added it to your coverage as scheduled property. If you’re injured while biking, your health insurance will likely cover medical costs. The medical payments coverage of your car insurance may pay some hospital bills and lost wages if you collide with an automobile, but you should check with your insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re at fault for an accident while riding your e-bike, and cause someone else’s injuries or property damage, the personal liability coverage of your condo, homeowners, or renters policy might cover some costs. But it also might not, depending on the type of e-bike you have and other factors. Again, check with your insurer to know exactly how much coverage you might already have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And keep in mind that home insurance claims are subject to deductibles and limits, so read your policy carefully before filing a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-24\">What Is Electric Bike Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">If your bike is expensive, like many e-bikes, you should consider buying an insurance policy for it. These standalone policies are designed for bike owners and go beyond the protections offered by a condo, home, or renters insurance policy. A comprehensive electric bike insurance policy may offer coverage for:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-29\"><li>Accidental damage</li><li>Collisions with uninsured motorists</li><li>Crash damage</li><li>Cycling apparel damage or theft</li><li>In-transit losses</li><li>Liability</li><li>Medical payments</li><li>Racing-related damages or losses</li><li>Rental bike reimbursement following a covered loss</li><li>Roadside assistance</li><li>Spare parts losses</li><li>Theft and vandalism</li><li>Vehicle contact</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Your home insurance policy may have a deductible of $1,000 or more. But with a bike insurance policy, you can choose a deductible as low as $200. And if you own more than one bike, some insurers will allow you to purchase a single policy that covers your entire collection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-34\">Do You Need E-Bike Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Electric bike laws vary by state. Many states have established classification systems for e-bikes to differentiate between similar types of vehicles, like electric scooters and mopeds. According to the National Conference of State Legislators, 26 states have adopted a three-tier electric bike classification system:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-39\"><li><strong>Class 1</strong>: E-bikes with motors that provide pedaling assistance up to 20 miles per hour.</li><li><strong>Class 2</strong>: E-bikes with motors that can provide pedaling assistance or propel the bike without pedaling up to 20 miles per hour.</li><li><strong>Class 3</strong>: E-bikes equipped with motors that provide pedaling assistance up to 28 miles per hour and with speedometers.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">States use these classifications to establish laws that govern many aspects of electric bike ownership, including driver age limits and requirements for helmets, licenses, and registration. Some states have also used e-bike classification to clarify insurance requirements. For example, in New Jersey, e-bike owners aren’t required to carry insurance, have a license, or register class 1 or 2 electric bicycles—but riders or passengers aged 17 or younger must wear helmets. If you’re unsure about your state’s e-bike insurance requirements, check with your state department of insurance or your insurance agent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-44\">How to Buy E-Bike Insurance&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-46\">The cost of electric bike insurance can depend on aspects such as the type and value of your e-bike, the coverages you choose, and your deductible. However, it’s relatively affordable, typically starting at around $100 per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">When shopping for electric bike insurance, look for a policy that includes a comprehensive set of coverages, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-52\"><li><strong>Liability</strong>: As with auto insurance, liability coverage should include injuries to another person and damage to property when you’re at fault for an accident while riding your bike. Some carriers offer liability coverage up to $100,000.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-52\"><li><strong>Uninsured motorist</strong>: If an uninsured driver hits you, you could face astronomical medical expenses, so it’s important to find an electric bike policy that includes uninsured motorist coverage. Some companies offer uninsured motorist coverage with limits as high as $500,000.</li><li><strong>Physical damage</strong>: A policy should cover damage to your bike caused by contact with another vehicle. It should also cover losses resulting from collisions with an object, such as a curb or tree. Also, look for a policy that covers your bike while in transit to protect yourself when traveling to a trailhead, a race, or a biking vacation.</li><li><strong>Theft and vandalism</strong>: Look for a policy that offers replacement cost coverage that will pay to replace your e-bike if it is stolen or destroyed by vandals. Comprehensive coverage should also include accidental damage caused by you or someone else.</li><li><strong>Medical payments</strong>: E-bike medical payments coverage helps pay your medical costs when you’re involved in a covered bike-related accident. Look for a policy that provides flexible limits up to the amount of coverage you need.</li><li><strong>Other coverages</strong>: Coverage needs are subjective. If you plan to take your bike abroad, you’ll need a policy that provides worldwide damage coverage. Likewise, if you’re a competitive cyclist, you’ll need a policy that covers racing, cycling apparel, spare parts, and event fee reimbursement. If you commute to work on your e-bike, you might need a policy that offers rental bike reimbursement and roadside assistance.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">Some mainstream insurers offer e-bike insurance policies, and you could qualify for a multi-policy discount if you have other coverage with them. Providers that specialize in electric bike insurance include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-58\"><li>Markel Insurance</li><li>Simple Bike Insurance</li><li>Spoke Insurance</li><li>Sundays Insurance</li><li>Velosurance</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-60\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-62\">If you spend several thousand dollars on an e-bike, protecting it with a standalone electric bike insurance policy makes sense. A condo, home, or renters policy might provide some protection if your e-bike is stolen from your garage or destroyed in a house fire, but it probably won’t provide enough coverage to replace it. Policies designed for e-bikes offer a wide range of coverages that cyclists need to protect their gear at home, on the road, and abroad. E-bike insurance is affordable and a good idea for recreational riders and commuters alike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/electric-bike-insurance-5181607\">click here</a>.</p>\n<!-- /wp:paragraph -->','What Is Electric Bike Insurance and Do You Need It?','','inherit','closed','closed','','1724-revision-v1','','','2021-06-16 20:42:06','2021-06-16 20:42:06','',1724,'http://smartinsurance.tips/?p=1728',0,'revision','',0),(1733,1,'2021-06-16 20:52:08','2021-06-16 20:52:08','<!-- wp:image {\"id\":1732,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-42-1024x536.png\" alt=\"\" class=\"wp-image-1732\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Casualty insurance is a type of insurance that covers you if you’re legally responsible for another person’s injuries or property damage, such as from a car accident or an accident in your home. Below, we take an in-depth look at what casualty insurance is, how it works, who files the claim, and whether it’s worth getting or increasing your coverage.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-3\">What Is Casualty Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Casualty insurance protects you when you’re liable for someone getting hurt or their belongings getting damaged. The circumstances in which you’re covered depend on the specifics of your policy. For instance, a car insurance policy might pay to repair a neighbor’s fence after you drove into it.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">You’ll often see casualty insurance lumped together with property insurance and referred to as “property and casualty insurance” or “P&amp;C insurance.” While the casualty portion shields you from the costs of injuries and damages to other people or their property, the property portion of P&amp;C insurance covers damages to your own belongings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Casualty insurance doesn’t cover your own injuries or property damage, or those of other people listed in your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">If you own a company, business casualty insurance can protect you when a customer is injured by one of your products or services.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-15\">How Does Casualty Insurance Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">Casualty insurance is usually bundled into your insurance policy, so you pay for it when your insurance bill is due. Your policy and quotes may specify how much you pay for each coverage, making it easier to adjust limits to fit your budget and needs. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When looking at your policy, you’ll typically find casualty insurance under coverages for others when you’re at fault. For homeowners policies, these coverages may show up as “personal liability,” “personal injury liability,” and “medical payments to others.” Your auto policy includes this type of insurance under “bodily injury liability” and “property damage liability.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Business owners can purchase casualty insurance coverages like workers’ compensation, general liability, and employer’s liability insurance (EPLI).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">There are many scenarios where your casualty insurance would kick in to cover costs. For example, home insurance might pay for expenses and legal fees associated with:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-29\"><li><strong>Falls, trips, and slips</strong>: A guest trips on their feet while in your home and breaks a wrist.</li><li><strong>Dog bites</strong>: Your dog breaks free during your morning walk and bites another dog.</li><li><strong>Fallen trees</strong>: A windy day causes a branch from a tree on your property to break and put a hole in the neighbor’s roof.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">Auto casualty insurance can come into play in a number of situations, such as when someone in another car is hurt in an accident you caused or if you accidentally hit a neighbor’s mailbox while making a U-turn.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-34\">How Do I File a Casualty Insurance Claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Each insurer handles the claim process differently. In general, the other party files the claim with your insurance if you’re at fault for the damage or injury. Home and auto liability claims don’t usually have a deductible, so your insurance covers all costs for approved claims up to your limits.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">If you’re the one who was hurt or had property damage, you’ll most likely work with the other person’s claim representative or insurance adjuster. Their insurer may pay your claim directly to you or another entity, such as a collision repair shop.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Car insurance companies use police reports, photos, details gathered from you and the policyholder, and more to determine who is at fault and whether a liability payout is due. For any insurance claims involving injury, it’s crucial to gather as much evidence as possible to support your claim, such as immediate medical evaluations, photos and videos of what caused your injury, and witness statements.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">If the issue is with a homeowner, and they have no-fault medical coverage, you may be able to submit bills directly to their insurance company without needing to file a claim first.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: After a car accident, it’s essential to contact your insurer, regardless of who was at fault. Your insurer can then work on your behalf to help you file a liability claim with the other insurer. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-49\">How Much Casualty Insurance Should I Get?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">Liability limits are the maximum an insurer will pay for a claim. Standard homeowners policies typically provide $300,000 of personal liability for property damages and injuries and $1,000 to $5,000 for medical payments to others. If your personal liability limits are enough to protect your assets in claims and lawsuits, then your insurance is likely sufficient. If not, consider raising your coverage to the highest level you can reasonably afford.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s important to understand the distinction between liability coverage and medical payments to others. Liability takes care of medical costs if you’re deemed liable for someone else’s injury. Medical payments is a more limited form of coverage that pays regardless of fault (and only to guests you invite on your property, in the case of a homeowners policy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Car insurance minimum liability limits are set by each state, though these amounts may not be enough to cover expenses in a serious accident. Like with homeowners insurance, consider purchasing as much liability coverage as you can afford.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Warning: Tip: Umbrella policies are sold separately and can cover liability claims in excess of your home and auto insurance policies. Costs depend on factors like your existing liability coverage and your risk profile. In general, a $1 million umbrella policy costs $150 to $300 per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-61\">Do I Need Casualty Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-63\">Typically, the only casualty insurance you’re legally required to carry is bodily injury liability and property damage liability under your auto insurance policy. Many states also require personal injury protection, and amounts vary by state. There are no state-mandated liability requirements for home insurance policies, but standard home insurance policies typically come with some protection and your mortgage lender will have its own requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-66\">Regardless of whether the law requires it, having adequate casualty insurance financially shields you from paying out of pocket to cover costly legal fees, lawsuits, others’ medical expenses, and lost wages. Your state’s minimum liability limits for car insurance may also not be enough to fully cover costs after a serious accident. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li>Casualty insurance pays for another person’s injuries and property damage when you’re found legally liable. </li><li>Insurers only pay up to your liability limits, so you’re responsible for costs beyond those amounts. Umbrella insurance can help pick up the tab for excess amounts. It’s purchased as a separate policy. </li><li>You’re only required to carry your state’s minimum liability limits on your auto policy, but consider getting as much home and auto casualty insurance as you can reasonably afford for greater financial protection.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/casualty-insurance-what-is-it-5094701\">click here</a>.</p>\n<!-- /wp:paragraph -->','What Is Casualty Insurance?','','inherit','closed','closed','','1729-revision-v1','','','2021-06-16 20:52:08','2021-06-16 20:52:08','',1729,'http://smartinsurance.tips/?p=1733',0,'revision','',0),(1740,1,'2021-06-16 21:04:46','2021-06-16 21:04:46','<!-- wp:image {\"id\":1743,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-45-1024x536.png\" alt=\"\" class=\"wp-image-1743\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>If you are facing a situation where your insurance company has told you that you need a vacancy permit, or that they need to change your insurance because you have a vacant home, you are not alone. It is a common problem that people face, and there are ways to deal with it. A lot of people get really upset when dealing with a vacant home because the insurance company changes the conditions of the insurance and start to ask a lot of questions, or ask you to fill in a vacancy questionnaire before giving you the insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You\'ll need to understand why the home is being considered vacant, and make sure you are well-informed about the changes that will happen on your home insurance policy once it is vacant. Let\'s go over the basics of vacant homes and insurance here, so you are prepared to make the best decisions to protect the property and your investment while the home is vacant.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-6\">What Is a Vacancy Permit Exactly?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A Vacancy Permit is an endorsement added to a homeowner policy that extends your home insurance to maintain coverage and insure the property while it is vacant. A vacancy permit usually is issued for a specific length of time and reduces coverage to your insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home is considered vacant and requires a vacancy permit on the insurance policy when the inhabitants of a home are no longer living there and have no intention to return, or when a home that is newly purchased has not yet been inhabited.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A vacancy permit is useful to ensure that your home remains insured during the period of vacancy. You will need to complete a vacancy permit questionnaire to request a vacancy permit. Without a vacancy permit, a vacant home may be uninsured due to the exclusions on a homeowner policy and claims may be denied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-16\">How Does a Vacancy Permit Change My Home Insurance Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-18\">It is important to understand that the vacancy permit alters the insurance contract coverage. A vacancy permit will limit coverage or reduce coverage as a result of the new status of the home because insurance companies perceive a higher risk when a home is not occupied. If you had an all risk or open peril\'s homeowner policy, it would be changed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Vacancy permits will usually restrict coverage to the basics, like fire, and eliminate important coverages like water damage among others. If you do not have a vacancy permit and your home is vacant, then your home may become completely uninsured and any claim happening during the time of vacancy may be denied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-23\">The Definition of a Vacant Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The definition of being vacant is when:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-28\"><li>It is newly purchased or is a new construction, and the inhabitants have not yet moved in.</li><li>When the inhabitants of the home have left and have no intention to return, regardless of whether the home is furnished or not, or the reason for the departure.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-30\">When a Vacancy Permit Is Required</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">Every homeowner and condo policy has a clause in it that specifies the length of time a home may be vacant before it is uninsured. Insurance policies also specify that as a condition of the insurance, the insurance must be advised any time there is a material change in the risk. A change in occupancy is one of these changes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">Generally, depending on your insurance company the requirement for a vacancy permit could start once the home is considered vacant for 60 days. You need to contact your insurance representative or agent to verify the exact requirements for your insurance policy since each company is different.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">There are many circumstances when you may need a vacancy permit, in general, it is when the definition of vacancy has been met, but you still need to insure the property. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-40\">Upon Purchasing a New Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">If you just purchased a new home, the home is vacant until you move in. Normally, this will be within a few weeks of the date of purchase, and so a vacancy permit is not usually required because the term of vacancy falls into the acceptable term for which the home may be vacant according to your home insurance policy wording.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">However, if more than a few weeks will go by before you move in, you need to discuss this with your insurance company to see if you need a vacancy permit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Example: Christina is moving to New York for her job, but will only be transferred in 4 months. To get ahead of the game, she started house shopping early and was lucky to find the perfect new home. It was Christina\'s first home insurance, so she didn\'t really understand what difference it would make when she would move in. Luckily her insurance broker asked her about her plans for the move and advised her that since she would not officially be moving in for several months, they could get a vacancy permit by filling in the questionnaire. The cost was a little more, but this protected Christina\'s investment and made sure she was insured until she moved in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-50\">When a Home Is for Sale</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">Sometimes people buy a new home and move into the new home before the old one is sold. While the other home is on the market because the inhabitants have moved out with no intention to return, the home is therefore vacant.&nbsp;It requires a vacancy permit.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-55\"><li><strong>Tip:&nbsp;</strong>Insuring your old home and your new home with the same insurance company may grant you additional negotiating power with your insurance company or advantages that will make the process of insuring your vacant home easier.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-57\">For an Estate or Due to the Death of the Primary Insured</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-59\">One of the most difficult situations is when a home is left vacant due to a death, and the family members have to deal with the insurance. When the primary named insured or the inhabitants of a home are deceased, the home is considered vacant.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-62\"><li><strong>Tip:&nbsp;</strong>If the primary named insured is deceased, but other family members are still living in the home, the insurance company may consider maintaining the home insurance as a normal policy for a specific time frame when the other residents were living there all along. For example, if a mother dies, and adult children are living in the home, then the situation has remained the same, so the home is not technically vacant, the home policy will be changed to the name of the estate and the inhabitants may be able to continue to live there insured as they were before the death for a time frame determined by underwriting. However, the insurance company must be told so they can make the changes, or else the insurance policy may not pay out in a claim.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-64\">What Happens If a Home Is Vacant, but There Is No Vacancy Permit?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-66\">If your home is vacant according to the terms and conditions of your home insurance policy, and you do not inform the insurance company and get a vacancy permit, you can have a major problem because your contract is specific in that it does not cover vacant homes. Even if you have a binder of insurance showing your home is insured, it does not matter if it does not specify that you have a vacancy permit on it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-69\">If your home is vacant and you have a claim, and you did not have a vacancy permit your claim could be denied, and your insurance contract may be considered null and void. You must speak to your insurance agent or insurance company any time your situation changes (known as a material change in the risk) for your property. Do not leave yourself uninsured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-71\">How Much Does a Vacancy Permit Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-73\">According to the Insurance Information Institute, a vacant home could cost twice as much if not more than a regular homeowner policy. The vacancy permit is a temporary solution and will include a change in premium for the term of the permit. It is frustrating to many people because they see a reduction in insurance coverage during a vacancy, yet sometimes pay more. Some insurance companies have options that do not cost as much, but it depends on your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-76\">If you see really high rates, you might want to shop around, especially if this is something that may not be resolved quickly. The long-term goal should be to get the home occupied or sold as soon as possible to save money and eliminate your risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-78\">Why Is a Vacant Home a Problem for Home Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-80\">The incidents of claims and potential things that could go wrong with a vacant home as far greater than those in a situation where someone is living in a home full time. When a home is vacant, there is a greater risk of theft, vandalism, fire, and all kinds of damage. When no one is present to see what is happening in a home or to notice when things go wrong, it makes sense that the risk is higher for a claim or damage to happen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-82\">Are Contents Insured Under a Vacancy Permit?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-84\">If you need contents insured under the vacancy permit, make sure to mention it to your insurance company, there may be an additional charge depending on your circumstance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-86\">How Long Is a Vacancy Permit in a Vacant Home Good For?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Vacancy permits are usually issued for up to 90 days. Each insurance company will review a vacancy according to their own terms; each company is different. The insurance underwriters will review the situation to decide if they will offer additional accommodations or they might tell you that they are going to \"get off the risk\" which means they will provide notice to cancel your insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-90\">What Will Happen When the Vacancy Permit Expires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-92\">If the insurance company is no longer willing to insure the home as vacant, then your agent may suggest that you go to a specialized high-risk insurer if the term of vacancy seems to be lasting too long. Home insurance policies are not structured to insure vacant homes, so once the status of vacancy is the norm, it is usually time to move to a vacant home insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can contact your state insurance commissioners office to find out what your options are if your insurance broker or agent cannot offer you Vacant Home Insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How to Get a Vacancy Permit for Home Insurance<br>Contact your insurance agent and discuss the situation with them. They will need to have a lot of information to present the change in your home insurance situation to the underwriters at the insurance company so that they can approve the vacancy permit. The insurance company will underwrite the risk and in most cases will approve a vacancy permit so that you can maintain basic coverages, like fire coverage, while your home is vacant.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to provide all the information possible to your insurance representative so they can get the best conditions for you and make sure you remain insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10 Questions You Will Be Asked on a Vacancy Permit Questionnaire<br>Although every insurance company is different, there are some basic questions you can expect to be asked by your insurance agent or representative when you require insurance on a vacant home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol id=\"mntl-sc-block_1-0-109\"><li>The date of vacancy and how long vacancy will be for (if the information of how long the vacancy will be for is unknown, the underwriter will likely give a 90-day term, the situation will be re-evaluated closer to that time if the home is still vacant)?</li><li>What is the reason for the vacancy (for example, is it due to a death, purchase of a new home, that you\'re moving to another state, etc.)?</li><li>If the home is furnished, will you need contents insurance?</li><li>Are there are any alarms or security in place at the home?</li><li>Are there are coverings on the windows?</li><li>Is anyone is picking up the mail and maintaining the property, so it looks lived in? (Your insurance company may also ask you for photos of the property to understand better how the property appears.)</li><li>Who is responsible for the maintenance of the home?</li><li>What is the relationship of the person visiting the home to the homeowner?</li><li>How frequently the person will visit the home (for example, is it daily, weekly, etc.)?</li><li>What are the plans for the property (is it for sale, when will someone move in, etc.)?</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-112\">These questions are used to help underwrite the risk and obtain a vacancy permit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-114\">How Will a Vacancy Permit Change My Insurance Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In addition to restricting coverage or reducing coverage to very basic perils, the vacancy permit usually restricts coverage such as liability to the premises and does not usually include contents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you are preparing to request vacant home insurance, it is a good idea to have this information ready, and you could even email it to your insurance representative to get the process started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-121\">Your Responsibilities When You Have a Vacancy Permit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-123\">Once the underwriter reviews all the information, they may require you to add an alarm system or take other suggested precautions to protect the property if they feel there is a risk. If you meet all their conditions, or the circumstance is reasonable to the underwriting department, they will issue your permit for a specified length of time. During this time, if anything changes in the circumstance, you must advise the insurance company, or else you may not be insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the insurance company wants to do an inspection, be as cooperative as possible, this may be a requirement in certain circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keeping open communication with your representative and answering any questions they may have will make them feel comfortable with the risk and will give you the best chances of keeping the home insured for as long as possible. Sometimes if the 90 days go by and the home is still vacant, then the underwriting department and your insurance representative will review the situation and decide if they offer you an extension.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/what-is-vacancy-permit-4052455\">click here</a>.</p>\n<!-- /wp:paragraph -->','Why Your Homeowner\'s Insurance Company May Require a Vacancy Permit?','','publish','open','open','','why-your-homeowners-insurance-company-may-require-a-vacancy-permit','','','2021-06-16 21:13:13','2021-06-16 21:13:13','',0,'http://smartinsurance.tips/?p=1740',0,'post','',0),(1741,1,'2021-06-16 21:04:46','2021-06-16 21:04:46','<!-- wp:divi/placeholder /-->','Why Your Homeowner\'s Insurance Company May Require a Vacancy Permit?','','inherit','closed','closed','','1740-revision-v1','','','2021-06-16 21:04:46','2021-06-16 21:04:46','',1740,'http://smartinsurance.tips/?p=1741',0,'revision','',0),(1743,1,'2021-06-16 21:09:04','2021-06-16 21:09:04','','My-Post-45','','inherit','open','closed','','my-post-45','','','2021-06-16 21:09:04','2021-06-16 21:09:04','',1740,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-45.png',0,'attachment','image/png',0),(1739,1,'2021-06-16 21:02:39','2021-06-16 21:02:39','<!-- wp:image {\"id\":1738,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-44-1024x536.png\" alt=\"\" class=\"wp-image-1738\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>When it comes to lowering your auto premiums, you’re in the driver’s seat.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Having adequate car insurance is both smart and prudent, but there\'s no question that it adds to the expense of driving. The good news is that premiums can vary by hundreds of dollars depending on a number of factors. Review your coverage at renewal time to make sure your insurance is in step with your needs, and follow these practical steps to reduce the bottom line on your auto policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Shop around for your car insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Prices differ from company to company, so it pays to shop around.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Get at least three quotes, from both different insurance companies and different <em>types</em> of insurance companies—that is, those that sell through their own agents; those that sell through independent agents; and those that sell directly to consumers via the phone, an app or the Internet. Ask friends and relatives for their recommendations based on their experiences, and do your own due diligence by researching the company before committing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Understand auto insurance enough that you can ask a prospective insurer informed questions. Anyone you speak to should take the time to answer to your satisfaction. Remember, these are the people you\'ll rely on if the worst happens and you need to make a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep in mind that the lowest price isn\'t always the \"cheapest\" option. Make sure the company you choose is reputable, and that you\'re comfortable with the service you get from the insurance professionals you speak to. Your state insurance department or online consumer information sites may provide information on consumer complaints by the company to help you choose the right insurance company for your needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Compare insurance costs&nbsp;<em>before</em>&nbsp;you buy a car</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Auto insurance premiums are based in part on the car’s price, the cost to repair it, its overall safety record and the likelihood of theft. Many insurers offer discounts for features that reduce the risk of car theft or personal injuries, or for cars that are known to be safe. When you\'re comparing new or used vehicles to purchase, also research what each will cost to insure. To start, you can check safety rankings for specific models with the Insurance Institute for Highway Safety’s (IIHS) online Top Safety Pick ratings tool.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"1\">Having adequate car insurance is both smart and prudent, but there\'s no question that it adds to the expense of driving. The good news is that premiums can vary by hundreds of dollars depending on a number of factors. Review your coverage at renewal time to make sure your insurance is in step with your needs, and follow these practical steps to reduce the bottom line on your auto policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Raise your deductible</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>By choosing a higher deductible on your car insurance, you can significantly lower your premium costs. Of course, be sure you have enough money set aside to pay the higher deductible in the event you have a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Reduce optional insurance on your older car</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As a rule of thumb, if your older car is worth less than 10 times the insurance premium, having collision and/or comprehensive coverage may not be cost effective. To find out whether this is true for you, check the value of your car. You can look up what your car is worth for free on websites such as Kelley Blue Book, National Association of Auto Dealers (NADA), and TrueCar. &nbsp;&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2> Bundle your insurance and/or stick with the same company</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many insurers will give you a discount if you purchase two or more types of insurance from them—such as homeowners and auto—or have more than one vehicle insured. Some companies offer a price break to longtime customers. There are no guarantees, so do your homework and compare costs for a multi-policy discount from a single insurer with buying your insurance separately from different companies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Maintain a good credit history</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Establishing a solid credit history has many benefits, including lower insurance costs. Many insurers use credit information to price auto insurance policies. (Research shows that people who effectively manage their credit make fewer claims). To be sure you’re getting the good credit you deserve, it’s a good idea to check your credit record on a regular basis to be sure all information is accurate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Take advantage of low mileage discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some companies offer discounts to motorists who drive less than the average number of miles per year. Low mileage discounts can also apply to drivers who carpool to work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>&nbsp;Ask about group insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some companies offer reductions to drivers who get insurance through a group plan from their employers, through professional, business and alumni groups or from other associations. Check with your affiliated organizations to see what they offer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2> Seek out other discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are other discounts that your insurer may offer to policyholders. For example, some companies offer discounts to those who\'ve not had any accidents or moving violations during a specified period, or who have taken a defensive driving course. If there is a young driver on your policy who is a good student, has taken a driver\'s education course or is away at college without a car, you may also qualify for a lower rate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ask your insurer what discounts you might qualify for, but keep in mind that what\'s important is the final cost of your policy. A company that offers few discounts may still be able to give you a lower overall premium price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancesmb.com/how-to-make-your-small-business-more-successful-4060804\">c</a><a href=\"https://www.iii.org/article/how-can-i-save-money-auto-insurance\">lick her</a><a href=\"https://www.thebalancesmb.com/how-to-make-your-small-business-more-successful-4060804\">e</a>.</p>\n<!-- /wp:paragraph -->','How to save money on car insurance?','','inherit','closed','closed','','1734-revision-v1','','','2021-06-16 21:02:39','2021-06-16 21:02:39','',1734,'http://smartinsurance.tips/?p=1739',0,'revision','',0),(1745,1,'2021-06-16 21:13:11','2021-06-16 21:13:11','<!-- wp:image {\"id\":1743,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-45-1024x536.png\" alt=\"\" class=\"wp-image-1743\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>If you are facing a situation where your insurance company has told you that you need a vacancy permit, or that they need to change your insurance because you have a vacant home, you are not alone. It is a common problem that people face, and there are ways to deal with it. A lot of people get really upset when dealing with a vacant home because the insurance company changes the conditions of the insurance and start to ask a lot of questions, or ask you to fill in a vacancy questionnaire before giving you the insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You\'ll need to understand why the home is being considered vacant, and make sure you are well-informed about the changes that will happen on your home insurance policy once it is vacant. Let\'s go over the basics of vacant homes and insurance here, so you are prepared to make the best decisions to protect the property and your investment while the home is vacant.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-6\">What Is a Vacancy Permit Exactly?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A Vacancy Permit is an endorsement added to a homeowner policy that extends your home insurance to maintain coverage and insure the property while it is vacant. A vacancy permit usually is issued for a specific length of time and reduces coverage to your insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home is considered vacant and requires a vacancy permit on the insurance policy when the inhabitants of a home are no longer living there and have no intention to return, or when a home that is newly purchased has not yet been inhabited.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A vacancy permit is useful to ensure that your home remains insured during the period of vacancy. You will need to complete a vacancy permit questionnaire to request a vacancy permit. Without a vacancy permit, a vacant home may be uninsured due to the exclusions on a homeowner policy and claims may be denied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-16\">How Does a Vacancy Permit Change My Home Insurance Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-18\">It is important to understand that the vacancy permit alters the insurance contract coverage. A vacancy permit will limit coverage or reduce coverage as a result of the new status of the home because insurance companies perceive a higher risk when a home is not occupied. If you had an all risk or open peril\'s homeowner policy, it would be changed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Vacancy permits will usually restrict coverage to the basics, like fire, and eliminate important coverages like water damage among others. If you do not have a vacancy permit and your home is vacant, then your home may become completely uninsured and any claim happening during the time of vacancy may be denied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-23\">The Definition of a Vacant Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The definition of being vacant is when:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-28\"><li>It is newly purchased or is a new construction, and the inhabitants have not yet moved in.</li><li>When the inhabitants of the home have left and have no intention to return, regardless of whether the home is furnished or not, or the reason for the departure.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-30\">When a Vacancy Permit Is Required</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">Every homeowner and condo policy has a clause in it that specifies the length of time a home may be vacant before it is uninsured. Insurance policies also specify that as a condition of the insurance, the insurance must be advised any time there is a material change in the risk. A change in occupancy is one of these changes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">Generally, depending on your insurance company the requirement for a vacancy permit could start once the home is considered vacant for 60 days. You need to contact your insurance representative or agent to verify the exact requirements for your insurance policy since each company is different.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">There are many circumstances when you may need a vacancy permit, in general, it is when the definition of vacancy has been met, but you still need to insure the property. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-40\">Upon Purchasing a New Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">If you just purchased a new home, the home is vacant until you move in. Normally, this will be within a few weeks of the date of purchase, and so a vacancy permit is not usually required because the term of vacancy falls into the acceptable term for which the home may be vacant according to your home insurance policy wording.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">However, if more than a few weeks will go by before you move in, you need to discuss this with your insurance company to see if you need a vacancy permit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Example: Christina is moving to New York for her job, but will only be transferred in 4 months. To get ahead of the game, she started house shopping early and was lucky to find the perfect new home. It was Christina\'s first home insurance, so she didn\'t really understand what difference it would make when she would move in. Luckily her insurance broker asked her about her plans for the move and advised her that since she would not officially be moving in for several months, they could get a vacancy permit by filling in the questionnaire. The cost was a little more, but this protected Christina\'s investment and made sure she was insured until she moved in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-50\">When a Home Is for Sale</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">Sometimes people buy a new home and move into the new home before the old one is sold. While the other home is on the market because the inhabitants have moved out with no intention to return, the home is therefore vacant.&nbsp;It requires a vacancy permit.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-55\"><li><strong>Tip:&nbsp;</strong>Insuring your old home and your new home with the same insurance company may grant you additional negotiating power with your insurance company or advantages that will make the process of insuring your vacant home easier.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-57\">For an Estate or Due to the Death of the Primary Insured</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-59\">One of the most difficult situations is when a home is left vacant due to a death, and the family members have to deal with the insurance. When the primary named insured or the inhabitants of a home are deceased, the home is considered vacant.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-62\"><li><strong>Tip:&nbsp;</strong>If the primary named insured is deceased, but other family members are still living in the home, the insurance company may consider maintaining the home insurance as a normal policy for a specific time frame when the other residents were living there all along. For example, if a mother dies, and adult children are living in the home, then the situation has remained the same, so the home is not technically vacant, the home policy will be changed to the name of the estate and the inhabitants may be able to continue to live there insured as they were before the death for a time frame determined by underwriting. However, the insurance company must be told so they can make the changes, or else the insurance policy may not pay out in a claim.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-64\">What Happens If a Home Is Vacant, but There Is No Vacancy Permit?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-66\">If your home is vacant according to the terms and conditions of your home insurance policy, and you do not inform the insurance company and get a vacancy permit, you can have a major problem because your contract is specific in that it does not cover vacant homes. Even if you have a binder of insurance showing your home is insured, it does not matter if it does not specify that you have a vacancy permit on it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-69\">If your home is vacant and you have a claim, and you did not have a vacancy permit your claim could be denied, and your insurance contract may be considered null and void. You must speak to your insurance agent or insurance company any time your situation changes (known as a material change in the risk) for your property. Do not leave yourself uninsured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-71\">How Much Does a Vacancy Permit Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-73\">According to the Insurance Information Institute, a vacant home could cost twice as much if not more than a regular homeowner policy. The vacancy permit is a temporary solution and will include a change in premium for the term of the permit. It is frustrating to many people because they see a reduction in insurance coverage during a vacancy, yet sometimes pay more. Some insurance companies have options that do not cost as much, but it depends on your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-76\">If you see really high rates, you might want to shop around, especially if this is something that may not be resolved quickly. The long-term goal should be to get the home occupied or sold as soon as possible to save money and eliminate your risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-78\">Why Is a Vacant Home a Problem for Home Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-80\">The incidents of claims and potential things that could go wrong with a vacant home as far greater than those in a situation where someone is living in a home full time. When a home is vacant, there is a greater risk of theft, vandalism, fire, and all kinds of damage. When no one is present to see what is happening in a home or to notice when things go wrong, it makes sense that the risk is higher for a claim or damage to happen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-82\">Are Contents Insured Under a Vacancy Permit?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-84\">If you need contents insured under the vacancy permit, make sure to mention it to your insurance company, there may be an additional charge depending on your circumstance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-86\">How Long Is a Vacancy Permit in a Vacant Home Good For?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Vacancy permits are usually issued for up to 90 days. Each insurance company will review a vacancy according to their own terms; each company is different. The insurance underwriters will review the situation to decide if they will offer additional accommodations or they might tell you that they are going to \"get off the risk\" which means they will provide notice to cancel your insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-90\">What Will Happen When the Vacancy Permit Expires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-92\">If the insurance company is no longer willing to insure the home as vacant, then your agent may suggest that you go to a specialized high-risk insurer if the term of vacancy seems to be lasting too long. Home insurance policies are not structured to insure vacant homes, so once the status of vacancy is the norm, it is usually time to move to a vacant home insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can contact your state insurance commissioners office to find out what your options are if your insurance broker or agent cannot offer you Vacant Home Insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How to Get a Vacancy Permit for Home Insurance<br>Contact your insurance agent and discuss the situation with them. They will need to have a lot of information to present the change in your home insurance situation to the underwriters at the insurance company so that they can approve the vacancy permit. The insurance company will underwrite the risk and in most cases will approve a vacancy permit so that you can maintain basic coverages, like fire coverage, while your home is vacant.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to provide all the information possible to your insurance representative so they can get the best conditions for you and make sure you remain insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10 Questions You Will Be Asked on a Vacancy Permit Questionnaire<br>Although every insurance company is different, there are some basic questions you can expect to be asked by your insurance agent or representative when you require insurance on a vacant home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol id=\"mntl-sc-block_1-0-109\"><li>The date of vacancy and how long vacancy will be for (if the information of how long the vacancy will be for is unknown, the underwriter will likely give a 90-day term, the situation will be re-evaluated closer to that time if the home is still vacant)?</li><li>What is the reason for the vacancy (for example, is it due to a death, purchase of a new home, that you\'re moving to another state, etc.)?</li><li>If the home is furnished, will you need contents insurance?</li><li>Are there are any alarms or security in place at the home?</li><li>Are there are coverings on the windows?</li><li>Is anyone is picking up the mail and maintaining the property, so it looks lived in? (Your insurance company may also ask you for photos of the property to understand better how the property appears.)</li><li>Who is responsible for the maintenance of the home?</li><li>What is the relationship of the person visiting the home to the homeowner?</li><li>How frequently the person will visit the home (for example, is it daily, weekly, etc.)?</li><li>What are the plans for the property (is it for sale, when will someone move in, etc.)?</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-112\">These questions are used to help underwrite the risk and obtain a vacancy permit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-114\">How Will a Vacancy Permit Change My Insurance Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In addition to restricting coverage or reducing coverage to very basic perils, the vacancy permit usually restricts coverage such as liability to the premises and does not usually include contents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you are preparing to request vacant home insurance, it is a good idea to have this information ready, and you could even email it to your insurance representative to get the process started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-121\">Your Responsibilities When You Have a Vacancy Permit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-123\">Once the underwriter reviews all the information, they may require you to add an alarm system or take other suggested precautions to protect the property if they feel there is a risk. If you meet all their conditions, or the circumstance is reasonable to the underwriting department, they will issue your permit for a specified length of time. During this time, if anything changes in the circumstance, you must advise the insurance company, or else you may not be insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the insurance company wants to do an inspection, be as cooperative as possible, this may be a requirement in certain circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keeping open communication with your representative and answering any questions they may have will make them feel comfortable with the risk and will give you the best chances of keeping the home insured for as long as possible. Sometimes if the 90 days go by and the home is still vacant, then the underwriting department and your insurance representative will review the situation and decide if they offer you an extension.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/what-is-vacancy-permit-4052455\">click here</a>.</p>\n<!-- /wp:paragraph -->','Why Your Homeowner\'s Insurance Company May Require a Vacancy Permit?','','inherit','closed','closed','','1740-revision-v1','','','2021-06-16 21:13:11','2021-06-16 21:13:11','',1740,'http://smartinsurance.tips/?p=1745',0,'revision','',0),(1744,1,'2021-06-16 21:12:51','2021-06-16 21:12:51','<!-- wp:image {\"id\":1743,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-45-1024x536.png\" alt=\"\" class=\"wp-image-1743\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>If you are facing a situation where your insurance company has told you that you need a vacancy permit, or that they need to change your insurance because you have a vacant home, you are not alone. It is a common problem that people face, and there are ways to deal with it. A lot of people get really upset when dealing with a vacant home because the insurance company changes the conditions of the insurance and start to ask a lot of questions, or ask you to fill in a vacancy questionnaire before giving you the insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You\'ll need to understand why the home is being considered vacant, and make sure you are well informed about the changes that will happen on your home insurance policy once it is vacant. Let\'s go over the basics of vacant homes and insurance here, so you are prepared to make the best decisions to protect the property and your investment while the home is vacant.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-6\">What Is a Vacancy Permit Exactly?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A Vacancy Permit is an endorsement added to a homeowner policy that extends your home insurance to maintain coverage and insure the property while it is vacant. A vacancy permit usually is issued for a specific length of time and reduces coverage to your insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home is considered vacant and requires a vacancy permit on the insurance policy when the inhabitants of a home are no longer living there and have no intention to return, or when a home that is newly purchased has not yet been inhabited.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A vacancy permit is useful to ensure that your home remains insured during the period of vacancy. You will need to complete a vacancy permit questionnaire to request a vacancy permit. Without a vacancy permit, a vacant home may be uninsured due to the exclusions on a homeowner policy and claims may be denied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-16\">How Does a Vacancy Permit Change My Home Insurance Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-18\">It is important to understand that the vacancy permit alters the insurance contract coverage. A vacancy permit will limit coverage or reduce coverage as a result of the new status of the home because insurance companies perceive a higher risk when a home is not occupied. If you had an all risk or open peril\'s homeowner policy, it would be changed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Vacancy permits will usually restrict coverage to the basics, like fire, and eliminate important coverages like water damage among others. If you do not have a vacancy permit and your home is vacant, then your home may become completely uninsured and any claim happening during the time of vacancy may be denied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-23\">The Definition of a Vacant Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The definition of being vacant is when:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-28\"><li>It is newly purchased or is a new construction, and the inhabitants have not yet moved in.</li><li>When the inhabitants of the home have left and have no intention to return, regardless of whether the home is furnished or not, or the reason for the departure.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-30\">When a Vacancy Permit Is Required</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">Every homeowner and condo policy has a clause in it that specifies the length of time a home may be vacant before it is uninsured. Insurance policies also specify that as a condition of the insurance, the insurance must be advised any time there is a material change in the risk. A change in occupancy is one of these changes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">Generally, depending on your insurance company the requirement for a vacancy permit could start once the home is considered vacant for 60 days. You need to contact your insurance representative or agent to verify the exact requirements for your insurance policy since each company is different.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">There are many circumstances when you may need a vacancy permit, in general, it is when the definition of vacancy has been met, but you still need to insure the property. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-40\">Upon Purchasing a New Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">If you just purchased a new home, the home is vacant until you move in. Normally, this will be within a few weeks of the date of purchase, and so a vacancy permit is not usually required because the term of vacancy falls into the acceptable term for which the home may be vacant according to your home insurance policy wording.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">However, if more than a few weeks will go by before you move in, you need to discuss this with your insurance company to see if you need a vacancy permit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Example: Christina is moving to New York for her job, but will only be transferred in 4 months. To get ahead of the game, she started house shopping early and was lucky to find the perfect new home. It was Christina\'s first home insurance, so she didn\'t really understand what difference it would make when she would move in. Luckily her insurance broker asked her about her plans for the move and advised her that since she would not officially be moving in for several months, they could get a vacancy permit by filling in the questionnaire. The cost was a little more, but this protected Christina\'s investment and made sure she was insured until she moved in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-50\">When a Home Is for Sale</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">Sometimes people buy a new home and move into the new home before the old one is sold. While the other home is on the market because the inhabitants have moved out with no intention to return, the home is therefore vacant.&nbsp;It requires a vacancy permit.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-55\"><li><strong>Tip:&nbsp;</strong>Insuring your old home and your new home with the same insurance company may grant you additional negotiating power with your insurance company or advantages that will make the process of insuring your vacant home easier.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-57\">For an Estate or Due to the Death of the Primary Insured</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-59\">One of the most difficult situations is when a home is left vacant due to a death, and the family members have to deal with the insurance. When the primary named insured or the inhabitants of a home are deceased, the home is considered vacant.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-62\"><li><strong>Tip:&nbsp;</strong>If the primary named insured is deceased, but other family members are still living in the home, the insurance company may consider maintaining the home insurance as a normal policy for a specific time frame when the other residents were living there all along. For example, if a mother dies, and adult children are living in the home, then the situation has remained the same, so the home is not technically vacant, the home policy will be changed to the name of the estate and the inhabitants may be able to continue to live there insured as they were before the death for a time frame determined by underwriting. However, the insurance company must be told so they can make the changes, or else the insurance policy may not pay out in a claim.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-64\">What Happens If a Home Is Vacant, but There Is No Vacancy Permit?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-66\">If your home is vacant according to the terms and conditions of your home insurance policy, and you do not inform the insurance company and get a vacancy permit, you can have a major problem because your contract is specific in that it does not cover vacant homes. Even if you have a&nbsp;<a href=\"https://www.thebalance.com/insurance-binder-2645743\">binder of insurance</a>&nbsp;showing your home is insured, it does not matter if it does not specify that you have a vacancy permit on it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-69\">If your home is vacant and you have a claim, and you did not have a vacancy permit your claim could be denied, and your insurance contract may be considered null and void. You must speak to your insurance agent or insurance company any time your situation changes (known as a material change in the risk) for your property. Do not leave yourself uninsured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-71\">How Much Does a Vacancy Permit Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-73\">According to the Insurance Information Institute, a vacant home could cost twice as much if not more than a regular homeowner policy. The vacancy permit is a temporary solution and will include a change in premium for the term of the permit. It is frustrating to many people because they see a reduction in insurance coverage during a vacancy, yet sometimes pay more. Some insurance companies have options that do not cost as much, but it depends on your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-76\">If you see really high rates, you might want to shop around, especially if this is something that may not be resolved quickly. The long-term goal should be to get the home occupied or sold as soon as possible to save money and eliminate your risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-78\">Why Is a Vacant Home a Problem for Home Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-80\">The incidents of claims and potential things that could go wrong with a vacant home as far greater than those in a situation where someone is living in a home full time. When a home is vacant, there is a greater risk of theft, vandalism, fire, and all kinds of damage. When no one is present to see what is happening in a home or to notice when things go wrong, it makes sense that the risk is higher for a claim or damage to happen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-82\">Are Contents Insured Under a Vacancy Permit?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-84\">If you need contents insured under the vacancy permit, make sure to mention it to your insurance company, there may be an additional charge depending on your circumstance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-86\">How Long Is a Vacancy Permit in a Vacant Home Good For?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Vacancy permits are usually issued for up to 90 days. Each insurance company will review a vacancy according to their own terms; each company is different. The insurance underwriters will review the situation to decide if they will offer additional accommodations or they might tell you that they are going to \"get off the risk\" which means they will provide notice to cancel your insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-90\">What Will Happen When the Vacancy Permit Expires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-92\">If the insurance company is no longer willing to insure the home as vacant, then your agent may suggest that you go to a specialized high-risk insurer if the term of vacancy seems to be lasting too long. Home insurance policies are not structured to insure vacant homes, so once the status of vacancy is the norm, it is usually time to move to a vacant home insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can contact your state insurance commissioners office to find out what your options are if your insurance broker or agent cannot offer you Vacant Home Insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How to Get a Vacancy Permit for Home Insurance<br>Contact your insurance agent and discuss the situation with them. They will need to have a lot of information to present the change in your home insurance situation to the underwriters at the insurance company so that they can approve the vacancy permit. The insurance company will underwrite the risk and in most cases will approve a vacancy permit so that you can maintain basic coverages, like fire coverage, while your home is vacant.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to provide all the information possible to your insurance representative so they can get the best conditions for you and make sure you remain insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10 Questions You Will Be Asked on a Vacancy Permit Questionnaire<br>Although every insurance company is different, there are some basic questions you can expect to be asked by your insurance agent or representative when you require insurance on a vacant home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol id=\"mntl-sc-block_1-0-109\"><li>The date of vacancy and how long vacancy will be for (if the information of how long the vacancy will be for is unknown, the underwriter will likely give a 90-day term, the situation will be re-evaluated closer to that time if the home is still vacant)?</li><li>What is the reason for the vacancy (for example, is it due to a death, purchase of a new home, that you\'re moving to another state, etc.)?</li><li>If the home is furnished, will you need contents insurance?</li><li>Are there are any alarms or security in place at the home?</li><li>Are there are coverings on the windows?</li><li>Is anyone is picking up the mail and maintaining the property, so it looks lived in? (Your insurance company may also ask you for photos of the property to understand better how the property appears.)</li><li>Who is responsible for the maintenance of the home?</li><li>What is the relationship of the person visiting the home to the homeowner?</li><li>How frequently the person will visit the home (for example, is it daily, weekly, etc.)?</li><li>What are the plans for the property (is it for sale, when will someone move in, etc.)?</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-112\">These questions are used to help underwrite the risk and obtain a vacancy permit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-114\">How Will a Vacancy Permit Change My Insurance Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In addition to restricting coverage or reducing coverage to very basic perils, the vacancy permit usually restricts coverage such as liability to the premises and does not usually include contents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you are preparing to request vacant home insurance, it is a good idea to have this information ready, and you could even email it to your insurance representative to get the process started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-121\">Your Responsibilities When You Have a Vacancy Permit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-123\">Once the underwriter reviews all the information, they may require you to add an alarm system or take other suggested precautions to protect the property if they feel there is a risk. If you meet all their conditions, or the circumstance is reasonable to the underwriting department, they will issue your permit for a specified length of time. During this time, if anything changes in the circumstance, you must advise the insurance company, or else you may not be insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the insurance company wants to do an inspection, be as cooperative as possible, this may be a requirement in certain circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keeping open communication with your representative and answering any questions they may have will make them feel comfortable with the risk and will give you the best chances of keeping the home insured for as long as possible. Sometimes if the 90 days go by and the home is still vacant, then the underwriting department and your insurance representative will review the situation and decide if they offer you an extension.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/what-is-vacancy-permit-4052455\">click here</a>.</p>\n<!-- /wp:paragraph -->','Why Your Homeowner\'s Insurance Company May Require a Vacancy Permit?','','inherit','closed','closed','','1740-revision-v1','','','2021-06-16 21:12:51','2021-06-16 21:12:51','',1740,'http://smartinsurance.tips/?p=1744',0,'revision','',0),(1746,1,'2021-06-16 23:10:25','2021-06-16 23:10:25','<!-- wp:image {\"id\":1749,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/dfsdf-3.jpg\" alt=\"\" class=\"wp-image-1749\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Thanks to tighter lending restrictions and rising home prices, more people than ever are choosing to rent rather than buy. According to the National Multifamily Housing Council, renters account for more than one third of all U.S. households. Renting can be less expensive than buying since you’re not shelling out money for things like maintenance, repairs, property taxes or homeowner’s insurance. The downside is that if something </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>happens to your rental property, your landlord isn’t responsible if your personal possessions are damaged or lost. Having renters insurance gives you the protection you need but there are a few things you to keep in mind when buying a policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><strong>1. Choose the Right Coverage Amount</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Renters insurance is designed to cover the cost of replacing your belongings in the event of an accident, theft or natural disaster. According to State Farm, the average renter has over $35,000 worth of belongings but the amount of coverage you’ll actually need depends on several factors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you’re trying to decide on a policy amount, creating a complete inventory of your possessions can give you a more accurate idea of what you need. Make note of what the item is, when you bought, what you paid for it and how much you think it’s worth now. Once you’re done adding it all up you should have a good estimate of how much coverage to get.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep in mind that renters insurance doesn’t just cover your personal property. Your policy should also include liability coverage, which protects you if someone is injured or their property is damaged while they’re at your home. The limits range from $100,000 to $500,000 so you’ll have to decide what amount of coverage you’re comfortable with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><strong>2. Know What Isn’t Covered</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Generally, renters insurance covers a wide range of circumstances but there are certain situations where you may be out of luck if you need to file a claim. Some policies, for instance, don’t include coverage for damage caused by earthquakes or floods.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may have the option of purchasing a separate policy to cover these events, depending on your insurer. When you’re shopping around for quotes, be sure to ask for a complete explanation of what is and isn’t covered before making your final choice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><strong>3. Understand the Different Coverage Types</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you’re buying renters insurance, you need to decide whether to get an Actual Cash Value policy or a Replacement Value policy. An Actual Cash Value policy takes into account things like depreciation and everyday use when determining the value of damaged property. Your premiums are usually much lower with this type of policy but you won’t get as much bang for your buck if you need to file a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With a Replacement Value policy, depreciation and wear and tear aren’t a factor in determining an item’s worth. The insurance company pays the claim based on what it would cost you to buy a similar item at current market value. You’ll pay more for this type of policy but it may be worth it if you have something pricey that needs to be replaced.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><strong>4. Bundle Your Renters Insurance Policy</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Bundling your renters insurance with your other insurance policies can be an easy way to save on the cost of coverage. Check with your car insurance company to see if they offer renters insurance and what the rates are. You could save anywhere from 10 to 20 percent off the cost if your insurer offers a discount for bundling services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><strong>5. Opt for a Higher Deductible</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A deductible is the amount you have to pay out-of-pocket before your insurance company picks up the tab. Depending on your insurance company, deductible options for a renter\'s policy may range anywhere from $200 to $1000. It may be tempting to go with a lower deductible since you won’t have to fork over as much cash when you file a claim, but it’s not always the right move.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Choosing a higher deductible means that you’ll have to pay more upfront if something happens to your stuff, but your monthly premiums will be lowered. In the long run, the money you save on premiums could be enough to offset the expense if you do end up having to file a claim. Just make sure you have $1,000 in an emergency fund in case you need it for a deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the biggest mistakes that renters make when it comes to renters insurance is thinking they can’t afford it. The National Association of Insurance Commissioners estimates that the average monthly cost ranges from $15 to $30 a month. Keeping these helpful tips in mind can help you find the policy that fits your needs and your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Update: Have more financial questions? SmartAsset can help. So many people reached out to us looking for tax and long-term financial planning help, we started our own matching service to help you find a financial advisor. The SmartAdvisor matching tool can help you find a person to work with to meet your needs. First, you’ll answer a series of questions about your situation and goals. Then the program will narrow down your options from thousands of advisors to three fiduciaries who suit your needs. You can then read their profiles to learn more about them, interview them on the phone or in person, and choose who to work with in the future. This allows you to find a good fit while the program does much of the hard work for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://smartasset.com/mortgage/top-5-tips-for-buying-renters-insurance\">click here</a>.</p>\n<!-- /wp:paragraph -->','Top 5 Tips for Buying Renters Insurance','','publish','open','open','','top-5-tips-for-buying-renters-insurance','','','2021-06-16 23:15:23','2021-06-16 23:15:23','',0,'http://smartinsurance.tips/?p=1746',0,'post','',0),(1747,1,'2021-06-16 23:10:25','2021-06-16 23:10:25','<!-- wp:divi/placeholder /-->','Top 5 Tips for Buying Renters Insurance','','inherit','closed','closed','','1746-revision-v1','','','2021-06-16 23:10:25','2021-06-16 23:10:25','',1746,'http://smartinsurance.tips/?p=1747',0,'revision','',0),(1749,1,'2021-06-16 23:12:22','2021-06-16 23:12:22','','dfsdf-3','','inherit','open','closed','','dfsdf-3','','','2021-06-16 23:12:22','2021-06-16 23:12:22','',1746,'http://smartinsurance.tips/wp-content/uploads/2021/06/dfsdf-3.jpg',0,'attachment','image/jpeg',0),(1751,1,'2021-06-16 23:23:32','2021-06-16 23:23:32','<!-- wp:image {\"id\":1754,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-48-1024x536.png\" alt=\"\" class=\"wp-image-1754\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>A couple of months ago, my husband and I had the unfortunate experience of being in a car accident. The other driver wasn’t paying attention and rear ended us.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Gratefully, we weren’t hurt beyond some bumps, bruises, and a minor cut. To our dismay, though, our car was a total loss. We had to spend the rest of the month figuring out how to file the insurance claim and hunting for a replacement car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I’m happy to report that we found a great car using the money from the insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now that I’ve been through the experience, I’d like to share some tips and steps on reporting an accident with your auto insurance company. I hope this information speeds up the process for you and relieves you of some of the headaches that I had to deal with!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Get Information and Evidence</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Get the other driver’s insurance information.</strong>&nbsp;First, check with everyone to make sure they’re OK. Safety is the first priority. After making sure there are no serious injuries, make sure you get the insurance information from the other driver. This includes getting their name, phone number, and address (verify with their license).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>My past experience with getting this information has been relatively cooperative. Most people will work with you. Sometimes, though, you’ll get somebody difficult. Don’t admit fault at the scene, and if you’re in doubt over what you should say, then wait until you speak with your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Take pictures of all the cars involved.</strong>&nbsp;In my case, I had a teenager hit my car, but he told the officer a different story. When the court date arrived, I simply showed the judge the photos which clearly supported my case. The young man got a long talk from his father at the courthouse.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the other drivers are irate about you snapping photos, then wait for the police officer to be present. They are trained to obtain all of the necessary and to give everyone a copy of contact information as well as vehicle information. Vehicle information includes the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Year, make, and model of the car</li><li>License Plate Number</li><li>Insurance Company</li><li>Insurance Policy Number</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Check for witnesses.</strong>&nbsp;Lastly, depending on the nature of the accident, it may be a good idea to see if you have any witnesses that would speak on your behalf.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. File a Claim With Your Insurance Company</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>By now, hopefully you’ve obtained a cheap and affordable auto insurance company. Call them up right away to get started on the claims process. They typically will walk you through the steps. Be prepared to take notes on what they say so that you can reference the conversation later. Depending on your coverage, you may be eligible to use a rental car while the damaged one is assessed or replaced.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, insurance companies use adjusters to calculate the cost of repairs and whether or not to declare a vehicle a total loss. While they are coming up with their numbers, you should have a ballpark figure of what your car was worth before the accident to make sure you’re not being shortchanged. Use tools like Kelley Blue Book and Edmunds to get a quote.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Most adjusters are honest, so if you can back up your numbers, they can review and possibly adjust their estimate higher. It never hurts to ask for a fair deal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Decide Whether to Replace or Repair Your Car</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the repairs are more than what the car is worth, then you’re looking at a “total loss.” In the case of a total loss, you can either take a check from the insurance company for what your car was worth prior to the accident, or you can get your car back along with a reduced check that can be used towards repairs. Since cars depreciate in value very quickly (especially those that have been in major car accidents), it’s highly recommended that you use this opportunity to upgrade to a new car. This solution is generally the way to go to get the best return on your insurance money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the car is not totaled and you can easily repair your car, this is not a bad option to go. Often, you can get the car repaired for less than the check the insurance company gave you. Also, don’t necessarily go to the repair shop that the company recommends since these shops are often much more expensive than local competitors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I’ve both replaced my car and repaired my car on two different occasions, and I can tell you that replacing the car is much easier and less stressful.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.moneycrashers.com/how-to-make-a-car-accident-claim-and-get-compensation/\">click here</a>.</p>\n<!-- /wp:paragraph -->','How To Make A Car Accident Claim And Get Compensation?','','publish','open','open','','how-to-make-a-car-accident-claim-and-get-compensation','','','2021-06-17 21:31:46','2021-06-17 21:31:46','',0,'http://smartinsurance.tips/?p=1751',0,'post','',0),(1752,1,'2021-06-16 23:23:32','2021-06-16 23:23:32','<!-- wp:divi/placeholder /-->','How To Make A Car Accident Claim And Get Compensation','','inherit','closed','closed','','1751-revision-v1','','','2021-06-16 23:23:32','2021-06-16 23:23:32','',1751,'http://smartinsurance.tips/?p=1752',0,'revision','',0),(1754,1,'2021-06-16 23:25:11','2021-06-16 23:25:11','','My-Post-48','','inherit','open','closed','','my-post-48','','','2021-06-16 23:25:11','2021-06-16 23:25:11','',1751,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-48.png',0,'attachment','image/png',0),(1756,1,'2021-06-17 21:31:39','2021-06-17 21:31:39','<!-- wp:image {\"id\":1754,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-48-1024x536.png\" alt=\"\" class=\"wp-image-1754\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>A couple of months ago, my husband and I had the unfortunate experience of being in a car accident. The other driver wasn’t paying attention and rear ended us.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Gratefully, we weren’t hurt beyond some bumps, bruises, and a minor cut. To our dismay, though, our car was a total loss. We had to spend the rest of the month figuring out how to file the insurance claim and hunting for a replacement car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I’m happy to report that we found a great car using the money from the insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now that I’ve been through the experience, I’d like to share some tips and steps on reporting an accident with your auto insurance company. I hope this information speeds up the process for you and relieves you of some of the headaches that I had to deal with!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Get Information and Evidence</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Get the other driver’s insurance information.</strong>&nbsp;First, check with everyone to make sure they’re OK. Safety is the first priority. After making sure there are no serious injuries, make sure you get the insurance information from the other driver. This includes getting their name, phone number, and address (verify with their license).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>My past experience with getting this information has been relatively cooperative. Most people will work with you. Sometimes, though, you’ll get somebody difficult. Don’t admit fault at the scene, and if you’re in doubt over what you should say, then wait until you speak with your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Take pictures of all the cars involved.</strong>&nbsp;In my case, I had a teenager hit my car, but he told the officer a different story. When the court date arrived, I simply showed the judge the photos which clearly supported my case. The young man got a long talk from his father at the courthouse.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the other drivers are irate about you snapping photos, then wait for the police officer to be present. They are trained to obtain all of the necessary and to give everyone a copy of contact information as well as vehicle information. Vehicle information includes the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Year, make, and model of the car</li><li>License Plate Number</li><li>Insurance Company</li><li>Insurance Policy Number</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Check for witnesses.</strong>&nbsp;Lastly, depending on the nature of the accident, it may be a good idea to see if you have any witnesses that would speak on your behalf.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. File a Claim With Your Insurance Company</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>By now, hopefully you’ve obtained a cheap and affordable auto insurance company. Call them up right away to get started on the claims process. They typically will walk you through the steps. Be prepared to take notes on what they say so that you can reference the conversation later. Depending on your coverage, you may be eligible to use a rental car while the damaged one is assessed or replaced.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, insurance companies use adjusters to calculate the cost of repairs and whether or not to declare a vehicle a total loss. While they are coming up with their numbers, you should have a ballpark figure of what your car was worth before the accident to make sure you’re not being shortchanged. Use tools like Kelley Blue Book and Edmunds to get a quote.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Most adjusters are honest, so if you can back up your numbers, they can review and possibly adjust their estimate higher. It never hurts to ask for a fair deal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Decide Whether to Replace or Repair Your Car</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the repairs are more than what the car is worth, then you’re looking at a “total loss.” In the case of a total loss, you can either take a check from the insurance company for what your car was worth prior to the accident, or you can get your car back along with a reduced check that can be used towards repairs. Since cars depreciate in value very quickly (especially those that have been in major car accidents), it’s highly recommended that you use this opportunity to upgrade to a new car. This solution is generally the way to go to get the best return on your insurance money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the car is not totaled and you can easily repair your car, this is not a bad option to go. Often, you can get the car repaired for less than the check the insurance company gave you. Also, don’t necessarily go to the repair shop that the company recommends since these shops are often much more expensive than local competitors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I’ve both replaced my car and repaired my car on two different occasions, and I can tell you that replacing the car is much easier and less stressful.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.moneycrashers.com/how-to-make-a-car-accident-claim-and-get-compensation/\">click here</a>.</p>\n<!-- /wp:paragraph -->','How To Make A Car Accident Claim And Get Compensation?','','inherit','closed','closed','','1751-revision-v1','','','2021-06-17 21:31:39','2021-06-17 21:31:39','',1751,'http://smartinsurance.tips/?p=1756',0,'revision','',0),(1750,1,'2021-06-16 23:15:06','2021-06-16 23:15:06','<!-- wp:image {\"id\":1749,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/dfsdf-3.jpg\" alt=\"\" class=\"wp-image-1749\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Thanks to tighter lending restrictions and rising home prices, more people than ever are choosing to rent rather than buy. According to the National Multifamily Housing Council, renters account for more than one third of all U.S. households. Renting can be less expensive than buying since you’re not shelling out money for things like maintenance, repairs, property taxes or homeowner’s insurance. The downside is that if something </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>happens to your rental property, your landlord isn’t responsible if your personal possessions are damaged or lost. Having renters insurance gives you the protection you need but there are a few things you to keep in mind when buying a policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><strong>1. Choose the Right Coverage Amount</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Renters insurance is designed to cover the cost of replacing your belongings in the event of an accident, theft or natural disaster. According to State Farm, the average renter has over $35,000 worth of belongings but the amount of coverage you’ll actually need depends on several factors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you’re trying to decide on a policy amount, creating a complete inventory of your possessions can give you a more accurate idea of what you need. Make note of what the item is, when you bought, what you paid for it and how much you think it’s worth now. Once you’re done adding it all up you should have a good estimate of how much coverage to get.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep in mind that renters insurance doesn’t just cover your personal property. Your policy should also include liability coverage, which protects you if someone is injured or their property is damaged while they’re at your home. The limits range from $100,000 to $500,000 so you’ll have to decide what amount of coverage you’re comfortable with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><strong>2. Know What Isn’t Covered</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Generally, renters insurance covers a wide range of circumstances but there are certain situations where you may be out of luck if you need to file a claim. Some policies, for instance, don’t include coverage for damage caused by earthquakes or floods.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may have the option of purchasing a separate policy to cover these events, depending on your insurer. When you’re shopping around for quotes, be sure to ask for a complete explanation of what is and isn’t covered before making your final choice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><strong>3. Understand the Different Coverage Types</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you’re buying renters insurance, you need to decide whether to get an Actual Cash Value policy or a Replacement Value policy. An Actual Cash Value policy takes into account things like depreciation and everyday use when determining the value of damaged property. Your premiums are usually much lower with this type of policy but you won’t get as much bang for your buck if you need to file a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With a Replacement Value policy, depreciation and wear and tear aren’t a factor in determining an item’s worth. The insurance company pays the claim based on what it would cost you to buy a similar item at current market value. You’ll pay more for this type of policy but it may be worth it if you have something pricey that needs to be replaced.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><strong>4. Bundle Your Renters Insurance Policy</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Bundling your renters insurance with your other insurance policies can be an easy way to save on the cost of coverage. Check with your car insurance company to see if they offer renters insurance and what the rates are. You could save anywhere from 10 to 20 percent off the cost if your insurer offers a discount for bundling services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><strong>5. Opt for a Higher Deductible</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A deductible is the amount you have to pay out-of-pocket before your insurance company picks up the tab. Depending on your insurance company, deductible options for a renter\'s policy may range anywhere from $200 to $1000. It may be tempting to go with a lower deductible since you won’t have to fork over as much cash when you file a claim, but it’s not always the right move.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Choosing a higher deductible means that you’ll have to pay more upfront if something happens to your stuff, but your monthly premiums will be lowered. In the long run, the money you save on premiums could be enough to offset the expense if you do end up having to file a claim. Just make sure you have $1,000 in an emergency fund in case you need it for a deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the biggest mistakes that renters make when it comes to renters insurance is thinking they can’t afford it. The National Association of Insurance Commissioners estimates that the average monthly cost ranges from $15 to $30 a month. Keeping these helpful tips in mind can help you find the policy that fits your needs and your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Update: Have more financial questions? SmartAsset can help. So many people reached out to us looking for tax and long-term financial planning help, we started our own matching service to help you find a financial advisor. The SmartAdvisor matching tool can help you find a person to work with to meet your needs. First, you’ll answer a series of questions about your situation and goals. Then the program will narrow down your options from thousands of advisors to three fiduciaries who suit your needs. You can then read their profiles to learn more about them, interview them on the phone or in person, and choose who to work with in the future. This allows you to find a good fit while the program does much of the hard work for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://smartasset.com/mortgage/top-5-tips-for-buying-renters-insurance\">click here</a>.</p>\n<!-- /wp:paragraph -->','Top 5 Tips for Buying Renters Insurance','','inherit','closed','closed','','1746-revision-v1','','','2021-06-16 23:15:06','2021-06-16 23:15:06','',1746,'http://smartinsurance.tips/?p=1750',0,'revision','',0),(1755,1,'2021-06-16 23:26:56','2021-06-16 23:26:56','<!-- wp:image {\"id\":1754,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-48-1024x536.png\" alt=\"\" class=\"wp-image-1754\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>A couple of months ago, my husband and I had the unfortunate experience of being in a car accident. The other driver wasn’t paying attention and rear ended us.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Gratefully, we weren’t hurt beyond some bumps, bruises, and a minor cut. To our dismay, though, our car was a total loss. We had to spend the rest of the month figuring out how to file the insurance claim and hunting for a replacement car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I’m happy to report that we found a great car using the money from the insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now that I’ve been through the experience, I’d like to share some tips and steps on reporting an accident with your auto insurance company. I hope this information speeds up the process for you and relieves you of some of the headaches that I had to deal with!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Get Information and Evidence</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>1. Get the other driver’s insurance information.</strong>&nbsp;First, check with everyone to make sure they’re OK. Safety is the first priority. After making sure there are no serious injuries, make sure you get the insurance information from the other driver. This includes getting their name, phone number, and address (verify with their license).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>My past experience with getting this information has been relatively cooperative. Most people will work with you. Sometimes, though, you’ll get somebody difficult. Don’t admit fault at the scene, and if you’re in doubt over what you should say, then wait until you speak with your insurance company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Take pictures of all the cars involved.</strong>&nbsp;In my case, I had a teenager hit my car, but he told the officer a different story. When the court date arrived, I simply showed the judge the photos which clearly supported my case. The young man got a long talk from his father at the courthouse.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the other drivers are irate about you snapping photos, then wait for the police officer to be present. They are trained to obtain all of the necessary and to give everyone a copy of contact information as well as vehicle information. Vehicle information includes the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Year, make, and model of the car</li><li>License Plate Number</li><li>Insurance Company</li><li>Insurance Policy Number</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Check for witnesses.</strong> Lastly, depending on the nature of the accident, it may be a good idea to see if you have any witnesses that would speak on your behalf.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. File a Claim With Your Insurance Company</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>By now, hopefully you’ve obtained a cheap and affordable auto insurance company. Call them up right away to get started on the claims process. They typically will walk you through the steps. Be prepared to take notes on what they say so that you can reference the conversation later. Depending on your coverage, you may be eligible to use a rental car while the damaged one is assessed or replaced.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, insurance companies use adjusters to calculate the cost of repairs and whether or not to declare a vehicle a total loss. While they are coming up with their numbers, you should have a ballpark figure of what your car was worth before the accident to make sure you’re not being shortchanged. Use tools like Kelley Blue Book and Edmunds to get a quote.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Most adjusters are honest, so if you can back up your numbers, they can review and possibly adjust their estimate higher. It never hurts to ask for a fair deal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Decide Whether to Replace or Repair Your Car</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the repairs are more than what the car is worth, then you’re looking at a “total loss.” In the case of a total loss, you can either take a check from the insurance company for what your car was worth prior to the accident, or you can get your car back along with a reduced check that can be used towards repairs. Since cars depreciate in value very quickly (especially those that have been in major car accidents), it’s highly recommended that you use this opportunity to upgrade to a new car. This solution is generally the way to go to get the best return on your insurance money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the car is not totaled and you can easily repair your car, this is not a bad option to go. Often, you can get the car repaired for less than the check the insurance company gave you. Also, don’t necessarily go to the repair shop that the company recommends since these shops are often much more expensive than local competitors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I’ve both replaced my car and repaired my car on two different occasions, and I can tell you that replacing the car is much easier and less stressful.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.moneycrashers.com/how-to-make-a-car-accident-claim-and-get-compensation/\">click here</a>.</p>\n<!-- /wp:paragraph -->','How To Make A Car Accident Claim And Get Compensation','','inherit','closed','closed','','1751-revision-v1','','','2021-06-16 23:26:56','2021-06-16 23:26:56','',1751,'http://smartinsurance.tips/?p=1755',0,'revision','',0),(1757,1,'2021-06-17 21:35:15','2021-06-17 21:35:15','<!-- wp:image {\"id\":1697,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-33-1024x536.png\" alt=\"\" class=\"wp-image-1697\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Do you feel like you’re treading water with your small business and not making progress towards your goals?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Or are you having trouble choosing business goals to work toward this year in the first place? Every entrepreneur wants to own a successful and profitable business, but it\'s not always clear how to get there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">If you want your small business to be more profitable than ever before, here are some suggestions for how to make it happen. And remember: Building a successful business is a marathon, not a sprint.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0\">Focus on Customer Service</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to a study by NewVoiceMedia, 51% of customers will not repeat business with a company after a bad service experience. Other studies have shown that it takes several positive customer experiences to make up for one negative one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Given that loyal customers make a much easier sell, make good customer service a priority. Examine your current customer service and make the changes that need to be made to ensure that your small business is providing service superior to that of your competitors. You may need to invest in staff training, revamp your return policy, or make basic improvements such as responding promptly to voicemails or emails from customers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-4\">Build Word of Mouth for Your Business</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you operate your business in a small community or in a large urban center, word of mouth is more important than ever. Most consumers turn to the net to search for reviews of businesses before deciding where to shop, so building a good reputation is vital to the success of your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How do you get positive word of mouth? By providing good, professional service, building and monitoring your local (and online) reputation, and gaining publicity by giving back to your community through your support and sponsorship of local organizations and charities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-8\">Expand Your Marketing Efforts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Effective marketing is key to increasing your sales, but you don\'t have to break the bank to promote your business. There are many inexpensive ways to market your products and services, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Creating and using a promotion kit</li><li>Sending out promotions with your invoices</li><li>Joining professional organizations</li><li>Involving the newspapers in your grand openings, moves, or charity events</li><li>Giving free workshops or classes related to your products or services</li><li>Developing business partnerships and doing cross-promotion with complementary businesses</li><li>Cold calling (yes, it can still work)</li><li>Advertising your business on your vehicle with a vehicle wrap</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-12\">Build Your Online Presence</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Creating a professional-looking website can be quick and easy nowadays, and your small business needs to be in the online space. Research from the E-commerce Wiki indicates that 88% of consumers now research purchases online before purchasing in a store.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A simple website that describes who you are, what you do, and how to contact you will suffice for many small businesses. At a minimum, your site should contain:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Your logo</li><li>Your business name</li><li>A summary of what you do—your products and services</li><li>Your contact information</li><li>Your address, including a Google Maps link</li><li>Your mission, e.g. \"We make the best pizza in town…\"</li><li>Testimonials from customers</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Depending on your target market, social media can be a great way to promote your business as well. Establishing a presence on Facebook, Twitter, and Instagram is standard for most businesses these days.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-18\">Cut Your Business Costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Business costs for everything from office space to vehicle expenses seem to always be on the rise, so keeping expenses in check is a crucial task for business owners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keeping track of expenses is ​time-consuming and tedious, so wherever possible try using new technology to make the job as easy as possible. For example, there are a number of mobile apps for expense tracking, including many cloud-based accounting applications that allow you to automatically add expense information into your accounting system by snapping pictures of receipts with your mobile device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Conduct annual or even semi-annual reviews of your major expenses, such as office space, business insurance, staffing, and vehicle expenses. Where can you trim? If you are in an area with an abundance of available commercial space, perhaps you could think about relocating. If you don\'t even need a storefront, you could convert to a home-based business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Review your major supply costs regularly and always look for discounts or ways to pool supply purchases with other businesses to save money. Make reducing expenses part of your job description and company culture.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-24\">Go Mobile</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you do nothing else with mobile technology this year, you need to make sure that your online presence, including your business website, is mobile friendly. Increasing numbers of people are surfing and searching with their phones—even when they’re at home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But there are two other trends that could benefit your small business. The first is mobile marketing. There are myriad mobile-specific strategies you could be using to reach your target market with great effect, from text message advertising and mobile display ads to having your own business app designed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Mobile payment systems represent your other opportunity. Apple Pay, Google Wallet, Venmo, Square, Intuit GoPayment, PayPal—the choices for paying by phone are now endless. Offering pay-by-phone services is a significant convenience to customers, but your small business could also realize considerable savings from being able to use a ​mobile POS system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-29\">Get in the Cloud</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There is no doubt that cloud computing has leveled the playing field for startup businesses, but the serious advantages of using the cloud for “ordinary” established businesses is not always discussed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Cost savings and access from anywhere are the biggest advantages to moving some of your business processes to the cloud. If, for instance, your business changes from a desktop small-business accounting program to a cloud-based accounting application, you would no longer have to install desktop software (saving IT costs for installation, backups, updates, etc.) and you can access your business accounts from anywhere, including from mobile devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are some disadvantages to cloud computing, of course, but if you haven’t started using cloud storage and applications yet, make this the year that you at least investigate its potential.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-34\">Find and Keep the Right Employees</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Attracting and retaining the right employees is one of the most important things you can do with your business. While hiring and training employees every other week might be business as usual for a fast-food restaurant, most successful businesses rely on hiring quality staff and keeping them for the long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-37\">Update Your Business Plan</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You did make a business plan before starting your business, right? A business plan is vital for startup businesses for many reasons, including testing the viability of your business idea and securing debt or equity financing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you haven\'t made one, it\'s not too late. Successful, established businesses update their business plan annually to review accomplishments (or lack thereof) and decide on new goals or directions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The financial health of your business is summarized by the income statement, the cash flow projection, and the balance sheet, which are contained in the financial section of the business plan. From there you can determine ways to make your business more profitable by increasing sales, reducing losses, or cutting expenses. If you want your business to be more successful, you need a plan for how to get there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-42\">Stay Balanced</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">No one goes to the grave wishing they had spent more time in the office. Too many business owners sacrifice their mental and physical health, family relationships, and friends in pursuit of their business goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Don\'t be one of them—find an acceptable level of work-life balance. Getting enough sleep, taking time for family and friends, and getting regular exercise will help you stay healthy and allow you and your business to prosper over the long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_2-0-46\">Make This Your Best Year Ever</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">Here\'s the big takeaway: Success is not a given. If you want your small business to be more successful this year, you need to make the necessary changes to bring that about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">That work may be as simple as investing in a new tool or as challenging as changing your thinking about some of your business processes. But you haven’t brought your business this far only to let it stagnate, have you? Make the next year your best year yet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.thebalancesmb.com/how-to-make-your-small-business-more-successful-4060804\" data-type=\"URL\">click here</a>.</p>\n<!-- /wp:paragraph -->','How to Make Your Small Business More Successful?','','inherit','closed','closed','','1694-revision-v1','','','2021-06-17 21:35:15','2021-06-17 21:35:15','',1694,'http://smartinsurance.tips/?p=1757',0,'revision','',0),(1758,1,'2021-06-17 21:39:57','2021-06-17 21:39:57','<!-- wp:image {\"id\":1641,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-6-1024x536.png\" alt=\"\" class=\"wp-image-1641\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Do you know anybody who’s not busy?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Most of us wake up each morning facing crammed calendars and mile-long to-do lists. As a lawyer/wife/mom/writer, I know I certainly do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Out of nerdy fascination and sheer survival instinct, I’ve made a lifelong study of productivity and time management. Here are the top 10 productivity tips that help me get done the things that I must or want to do without losing my mind:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>1. Write It Down</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every task, every commitment should be written down. This frees your mind from the energy- and attention-sucking job of trying to remember.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In his seminal book on productivity, Getting Things Done, David Allen points out how uncompleted commitments take up psychic energy, each one making you just the tiniest bit more tired, more distracted, and therefore less productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>He emphasizes that the first step to managing your life and time is getting every commitment, large and small, out of your head and into a trusted system.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I use OmniFocus to capture these commitments, but you can start with a simple pen and paper.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>2. Get a Head Start</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The best way to hit the ground running is to start the night before.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before leaving your workspace, or before going to bed, take 10 minutes to look over the next day’s commitments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What appointments can’t be missed? What do you need to have with you for those appointments? (Make sure you’ve gathered those materials and have them ready to go.) What three to five tasks must get done?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Decide what you’ll do first. Look at that to-do list and decide whether any tasks on it can be delegated to someone else (see number 9 below) or, even better, crossed off the list altogether (see number 10 below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The busier your day, the more important it is to do this quick survey the day or evening before. It means you waste no time in the morning deciding where to start, or gathering materials (and maybe discovering a crucial item isn’t available when you need it).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>3. Do Your Most Dreaded Task First</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone of us has one or more tasks on our to-do list that we dread doing. Maybe it’s that unpleasant phone call you don’t want to make, or that blog post you’ve been putting off writing because you don’t know how to start, or that project that just overwhelms you because it’s so massive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever it is, it hangs over your head, distracting you with guilt because it keeps getting pushed to the next day and the next. It’s time to end that cycle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do it first thing. Writer Michael Hyatt talks about slaying your dragons before breakfast—there’s nothing more motivating for the rest of your day than crossing that monster off your list first thing in the morning.<sup>[1]</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But many people instead of doing the tough tasks first, they do the easy ones. If you really want to be productive, there’re some tasks you shouldn’t do first in the morning:&nbsp;<a href=\"https://www.lifehack.org/525634/more-productive-never-this-start-your-morning\">To Be More Productive, Never Do This To Start Your Morning</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So make that call. Pull out a piece of paper and brainstorm ideas for that blog post.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do&nbsp;<em>something</em>&nbsp;about that overwhelming task—maybe you can’t finish it in one day, but you can at least get started. Whatever it is, just do it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, let the satisfaction of crossing it off your list carry you into the rest of your busy day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>4. Turn off Distractions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the major productivity killers is the distraction of constant interruptions: emails, phone calls, people appearing at your door…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The technology that can (and should) make our lives easier and better also can make it virtually impossible to maintain the kind of focused attention that’s necessary to work efficiently and effectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But here’s the thing: you can control that technology.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you’ve got an important task that requires attention and focus, create the space to give it your best.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whether it’s a meeting with a client or colleague, or an important letter that needs to get written, or a piece of art you want to create, schedule a block of time to focus on that commitment, and then turn off all distractions. Shut down your phone (or at least turn off the ringer). Silence your email alerts. Disconnect the internet (or at least Facebook and Twitter). Close your office door.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just for that hour (or thirty minutes, or half day), turn off all outside communications and give yourself the necessary luxury of undisturbed time to really focus on the matter at hand. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>5. Take Breaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s a limit to how long anybody can devote deep focus to a task.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>No matter how busy you are, after a certain amount of time, the law of diminishing returns kicks in, and fatigue—physical and/or mental—starts to impair your effectiveness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Schedule breaks periodically even during the busiest days. Take ten minutes to stand up, stretch, get a drink of water, walk around the block.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You’ll return to your work refreshed, both mentally and physically, and ready to be even more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>6. Batch Process</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If the demands of your day include routine tasks, try to group similar tasks and schedule certain times during the day to knock them out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Answering emails? Returning phone calls? Entering expenses into a spreadsheet? Instead of interrupting your other tasks to do these things piecemeal, batch them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Set two or three or five times a day to check and respond to emails. Return phone calls at 11:45 am and 4:45 pm (or, if you want to avoid getting sucked into long phone conversations, return them at 12:15 pm while folks are at lunch, and 5:15 pm after they’ve left for the day, and just leave a message!)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By batching similar tasks, you save the time lost to ramping up multiple times a day and reap the benefits of momentum.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>7. Eat a Healthy Breakfast</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do I need to explain this? There are countless studies confirming the importance of breakfast for maintaining our health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Healthy people are more productive. No matter how busy you are, eat a decent breakfast. It’ll fuel you for a terrific start to your day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>8. Get Some Exercise</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not to be too repetitive, but healthy people are more productive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Exercise makes you healthier, so be sure to get some exercise every day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You don’t need to spend hours at the gym to get the benefit of this; take a walk around the block, or do some isometrics at your desk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Just do something to get your heart pumping and your blood racing. It will enhance your general well being as well as your ability to think more clearly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>9. Delegate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I’ll confess: I stink at this. I hate to ask for help, and often it seems more trouble to explain a task to someone else than to just do it myself. But not everything that needs to be done in your life must be done by you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Evaluate that to-do list carefully. What tasks could someone else do, thereby freeing you up to focus on the things only you can do?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Look around you: who is available to do some of those tasks? A secretary? A colleague? A family member? A paid helper?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An important key to productivity is doing only those things that only you can do, and giving somebody else the opportunity to contribute by doing those other tasks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>10. Say No</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>How many commitments have you made that don’t really need to be kept at all?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Have you taken on tasks that don’t actually matter to you or anybody else?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Is your calendar cluttered with meetings that don’t accomplish anything for organizations that you no longer care about?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Has your day been hijacked by somebody else’s priorities?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your calendar is jammed, if your to-do list is miles long, take ten minutes or so to look at each item with a careful eye. Can any of those appointments or tasks simply be crossed off to create some reasonable margin in your life?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When someone calls or appears at your door with a request for your participation in some activity, take a breath and consider whether it fits into your own priorities (which priorities, of course, might legitimately include keeping your boss or spouse happy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the answer is no, then&nbsp;just say no. Practice it ahead of time: “Thank you for inviting me, but no.” “Thank you for asking, but no.” “Thank you for thinking of me, but no.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As a wise person has said, “no” is a complete sentence. No explanation is necessary. Just no.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may want to learn from Leo Babauta&nbsp;<a href=\"https://www.lifehack.org/articles/communication/the-gentle-art-of-saying-no.html\">The Gentle Art of Saying No</a>, so you can set better boundaries for yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,<a href=\"https://www.lifehack.org/articles/productivity/top-10-tips-for-productivity.html\"> click here</a>.</p>\n<!-- /wp:paragraph -->','Top 10 Productivity Tips to Achieve More and Create Peace of Mind','','inherit','closed','closed','','1638-revision-v1','','','2021-06-17 21:39:57','2021-06-17 21:39:57','',1638,'http://smartinsurance.tips/?p=1758',0,'revision','',0),(1765,1,'2021-06-24 21:22:44','2021-06-24 21:22:44','','My-Post-2-1','','inherit','open','closed','','my-post-2-1','','','2021-06-24 21:22:44','2021-06-24 21:22:44','',1762,'http://smartinsurance.tips/wp-content/uploads/2021/06/My-Post-2-1.png',0,'attachment','image/png',0),(1766,1,'2021-06-29 00:03:05','2021-06-29 00:03:05','','50881518_620704215057327_2749901301444771840_n','','inherit','open','closed','','50881518_620704215057327_2749901301444771840_n','','','2021-06-29 00:03:05','2021-06-29 00:03:05','',0,'http://smartinsurance.tips/wp-content/uploads/2021/06/50881518_620704215057327_2749901301444771840_n.jpg',0,'attachment','image/jpeg',0),(1889,1,'2021-08-19 21:36:27','2021-08-19 21:36:27','<!-- wp:image {\"id\":1891,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/08/My-Post-17-1024x536.png\" alt=\"\" class=\"wp-image-1891\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Exclusions are provisions in business insurance policies that eliminate coverage for certain types of property, perils, situations, or hazards. Risks described in exclusions aren’t covered by the policy. Insurers utilize exclusions to remove coverage for hazards they’re unwilling to insure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-3\">Reasons to Exclude Risks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance policy exclusions serve various purposes, but most apply to risks that fall into one of the categories described below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-8\">Catastrophic Events</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Some risks are uninsurable because they are catastrophic events. An example is war. If a war breaks out and a bomb damages your business property, your commercial property policy won’t cover the loss. Virtually all property policies exclude damage caused by war and military action.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Some catastrophic events can be insured by specialized coverage. Examples are floods and earthquakes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-15\">Covered by Another Policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">Many risks are excluded under one type of policy because they are covered by another. For instance, auto liability claims are excluded under a general liability policy because they are covered by a commercial auto policy. Similarly, liability and auto policies exclude any benefits the employer is obligated to pay under a workers’ compensation law, since such benefits are covered by workers’ compensation insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-20\">Maintenance Issues</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">Some risks, such as wear and tear, are excluded because they are naturally occurring events that can be controlled by the policyholder through proper maintenance.45 Damage caused by wear and tear is excluded from both commercial property policies and auto physical damage insurance. Other risks that can be controlled through regular maintenance are rust, corrosion, and insect infestations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"mntl-sc-block_1-0-25\">Against Public Policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">Many insurance policies exclude crimes, violations of the law, and intentionally caused injuries because insuring them would be against public policy. For this reason, liability policies don’t cover claims arising from the insured’s intentional, harmful acts like firing a gun or committing fraud.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-29\">Exclusion Exceptions and Buybacks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many exclusions contain exceptions that give back a limited amount of coverage. An example is the contractual liability exclusion in the standard general liability policy, which excludes liability assumed under a contract. An exception to the exclusion provides coverage for liability assumed under an insured contract (a defined term in the policy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some exclusions can be eliminated if you’re willing to pay an additional premium. For instance, the standard general liability policy excludes claims arising out of injuries inflicted by one employee against another. Many businesses buy back coverage for co-employee claims by purchasing fellow employee coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-36\">Watch for Changes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Policy forms aren’t cast in stone.&nbsp;The Insurance Services Office (ISO) updates the standard commercial policy forms every few years. Insurers often follow suit, incorporating the changes the ISO has made into their proprietary forms. When the ISO or an insurer revises a form, it may add new exclusions or modify existing ones. A new exclusion generally means a reduction in coverage, while an exclusion modification may broaden or restrict coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Warning: Many states have laws requiring insurers to notify policyholders in advance if renewal policies contain exclusions or other restrictions not found in expiring policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-42\">Where to Look for Exclusions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">An obvious place to look for policy exclusions is under the section titled “Exclusions.” Many policies contain more than one list of exclusions. For instance, the standard business owners’ policy contains two sets of exclusions, one for property and another for liability. Some policies also contain a separate list of exclusions that apply to all coverages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Many policies contain one or more sections entitled “limitations”. A limitation is a partial exclusion and narrows the scope of coverage for a covered risk. For instance, theft is a covered peril under the standard business owners’ policy, but theft losses involving furs, jewelry, and other valuable items are subject to a $2,500 limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"mntl-sc-block_1-0-49\">Alternate Locations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">Exclusionary provisions can be found in other parts of the policy, not just the Exclusions section.&nbsp;One of the most common places for them to appear is in the policy “Definitions.” Insurers define terms to attach specific meanings to them and narrow the scope of interpretation. For example, the standard business auto policy defines the word “auto” as a land motor vehicle, trailer, or semi-trailer designed for travel on public roads. The definition excludes mobile equipment, which is also a defined term that encompasses a broad array of machinery and equipment.89</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another place where exclusions can be found is in the policy “Conditions” section. For instance, the standard business auto policy contains a provision that essentially excludes accidents that occur outside the defined “coverage territory.” This provision appears in the general Conditions section, not the Definitions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, many insurers add exclusions to policies by attaching endorsements to preprinted forms. An endorsement may add a new exclusion or modify an existing one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancesmb.com/insurance-exclusions-462464\">click here</a>.</p>\n<!-- /wp:paragraph -->','The Purpose of Business Insurance Exclusions','','publish','closed','closed','','the-purpose-of-business-insurance-exclusions','','','2021-08-19 22:06:16','2021-08-19 22:06:16','',0,'http://smartinsurance.tips/?page_id=1889',0,'page','',0),(1840,1,'2021-08-09 23:36:50','2021-08-09 23:36:50','<!-- wp:image {\"id\":1843,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/08/My-Post-3-1024x536.png\" alt=\"\" class=\"wp-image-1843\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>You may have heard the rumour that you can only be an investor if you’ve got six figures in the bank.&nbsp;But that’s a total myth.&nbsp;Everyone can find some way to invest their cash and start to grow their wealth.We’ll look at some of the simplest ways to invest under $1,000, whether you’re looking to make your stock market investment debut or want to build up your rainy-day fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>The Small Investment Boom</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Small investments are growing&nbsp;<em>massively</em>&nbsp;in popularity.&nbsp;As a global population, we have more access to tools like share-trading apps than ever before:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>The BBC&nbsp;highlights how investment app accounts have grown by 130% between 2020 and 2021.</li><li>With a lack of consumer spending opportunities during the pandemic, millions of people have had extra funds to invest with.</li><li>Younger men and women are far more conscious of their financial futures, looking for ways to prepare for retirement in their 20s, especially after many suffered reductions in their hours during lockdown.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Financial security is the golden ticket to a life well-lived, so it’s beneficial that so many people are choosing to be proactive with their cash.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Making Smart Investments With Under $1,000</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before discussing our top five investments, we must mention the need to balance out your risk exposure. If you’re looking for an all or nothing, double or bust investment, you’re taking on a considerable burden of risk – with no assurance of winning big. Lower risk means lower rewards, but has the benefit of reduced exposure to sudden market crashes or devaluations. Services like a high yield savings account are an excellent choice for investors who aren’t interested in exposing themselves to risk and aren’t reliant on massive returns to finance their everyday living costs. Whether you like high-risk or low-risk investments, you can get in on the action without losing your life savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Five Top Options For Small Investment Values&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Now onto the good stuff, here are our top picks for investments that don’t require large amounts of money but offer exciting returns.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>1. High-Yield Savings Accounts</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>First up, the savings account – an investment option where you can earn up to about 1.7% in interest without putting your money on the line.&nbsp;If you’re not getting close to those returns (and you won’t with most conventional banks), you’ve got an easy opportunity to increase your savings.&nbsp;High-yield accounts allow you to safely grow your savings, often with a rate that beats inflation, so you don’t have to worry about your money depreciating over time.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>2. Employer Retirement Plans/401(k)</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We get it – a retirement fund isn’t the sexiest investment option, but it’s got a stack of compelling advantages.&nbsp;If we recommended an investment with a guaranteed $0.50 return on every dollar you pay in, you’d jump at the chance.&nbsp;That’s what you’re looking at with a 401(k) or comparable employer-sponsored retirement plan.&nbsp;You don’t need to be a high-flyer to invest and can kick off with just 1% of your regular paycheck.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>3. Low-Fee Index Funds</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Next up, let’s look at index funds.&nbsp;An index fund is made up of multiple different companies and tracks the market index, so it’s a bit like a mutual fund but automated.&nbsp;This passive investment doesn’t carry huge fees (although look at the charges before making any decisions!), and you can often invest with as little as $100 for your initial deposit.&nbsp;Index funds can be built up of companies within a specific region, such as a US based fund, different market sectors, like IT and Healthcare, or even emerging markets, which often see more fluctuations in their value, but carry the potential for large returns.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>4. Investment Apps</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>&nbsp;If you’re new to investing, you can choose an investment app.&nbsp;These tend to use AI to either make Robo-investments or ask you to select from a range of products.&nbsp;There are lots of options:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Some will link with your debit and credit accounts and round up spending to create a balance that’s auto invested in a range of exchange-traded funds (ETFs).</li><li>Others work like an investment coach, showing you options to build a portfolio of stocks and ETFs, usually with a $5 minimum stock investment.&nbsp;</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>However, there’s a slight caveat here because not all investment apps are created equal.&nbsp;Keep an eye on the fee structure here because they vary a lot.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>5. Individual Retirement Accounts (IRAs)</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An IRA is often worth maxing out before thinking about an investment app. There are a host of perks here that usually outperform other options. You can open an IRA with a bank, and can often link it to your checking or savings account, but you can also open one through a broker or via a Robo-advisor. IRAs allow you to invest in both stocks, bonds, mutual funds, and some even now allow cryptocurrencies. There are annual caps to how much you can invest into your IRA (up to $6,000), and you can’t withdraw your cash before the age of 59 without facing some financial penalties, barring a few exceptions. However, contributions are tax-deductible, so it’s an efficient way to save for retirement if you only have a small amount to invest now, but know that you’ll be adding to it monthly for years to come.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Final Thoughts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>No matter where you are with your finances, you can find a way to invest your money, and these five options are a great place to start. Long term financial health is often less about how much money you make, and more about what you do with your money on a regular basis. Never forget the power of compound interest, especially over the long run.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.finance-monthly.com/2021/07/the-5-best-ways-to-invest-small-amounts-of-money/\">click here</a>.</p>\n<!-- /wp:paragraph -->','The 5 Best Ways To Invest Small Amounts Of Money','','publish','open','open','','the-5-best-ways-to-invest-small-amounts-of-money','','','2021-08-27 21:55:57','2021-08-27 21:55:57','',0,'http://smartinsurance.tips/?p=1840',0,'post','',0),(1769,1,'2021-07-02 21:10:52','2021-07-02 21:10:52','<!-- wp:image {\"id\":1772,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-6-1024x536.png\" alt=\"\" class=\"wp-image-1772\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Savings accounts are federally insured, just like a checking account is. However, they offer high annual percentage yields (APYs) to grow your money over time, low minimum opening deposit requirements, and few monthly fees. High-yield savings accounts offer even higher APYs than traditional savings accounts, making them desirable to reach personal finance goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A high-yield account could be beneficial if you\'re looking to pay off student loans, save for retirement, make a sizeable real estate purchase or capitalize on regular income. It\'s important to bear in mind, however, a high-yield savings account\'s tax implications. Any interest earned on your money is taxable and must be reported on your tax return.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re searching for a savings account to consolidate debt, to fund a large purchase, or as a reserve for an unforeseen emergency, visit Credible to compare high-yield savings accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How savings accounts are taxed?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The interest you earn on your traditional or high-yield savings account is considered taxable income. You won’t pay interest on your deposits, but you will pay a savings account tax on any interest you accrue during the year, which the Internal Revenue Service (IRS) considers ordinary income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This interest is taxed at your earned income tax rate. And, it doesn’t matter if you keep the money in the account, withdraw it, or transfer it to another account altogether – it’s still taxed. If the IRS discovers you’ve earned interest on a savings account that you didn’t report, you could get hit with fees. The IRS may even decide to look into this further to determine if it was a mistake or an act of fraud.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Searching for the best interest rates on a high-yield savings account? Visit Credible to explore high-yield savings options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>WHAT ARE THE BEST WAYS TO SAVE WHEN INTEREST RATES ARE LOW?</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How to file taxes on savings account interest?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you file your annual income tax return, the interest you earn on your savings account(s) is shown on a 1099-INT tax form. You will likely receive this tax form in the mail for income earned. You are still expected to report that income even if you don’t receive a 1099-INT, but only if the interest earned is more than $10.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Banks, credit unions, and other financial institutions must show any interest they pay to account holders to the IRS. The IRS will verify the interest income you report on your taxes against what is reported by your bank to ensure there are no discrepancies. You won’t need to attach a copy of your 1099-INT form that you receive, but you do need to include the information on your tax return.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Besides the federal government, 43 states also collect income tax. You are required to pay taxes on the interest you earn on the savings account the same as you do on any income you make during the year if you live in one of these states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>ENROLLING IN A HIGH-YIELD SAVINGS ACCOUNT: A STEP-BY-STEP GUIDE</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Searching for a tax-free savings account? Try an IRA</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Both savings accounts and individual retirement accounts (IRAs) can be used to stash away money for the future. Savings accounts are ideal to meet short-term financial goals. IRAs are designed to help you prepare for retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The main benefit of an IRA over a savings account is that interest income on savings accounts is taxable. Contributions to many IRAs are tax-deductible, allowing your savings to grow faster. But, withdrawals from your IRA are taxed depending on the type of IRA you have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are several types of IRAs: Roth, SEP or SIMPLE, and traditional IRAs. Deposits to traditional IRAs are tax-deductible, and your money grows tax-free. But if you make withdrawals from your IRA, you may owe income tax on that money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Contributions to Roth IRAs are not deductible on your taxes, but withdrawals are tax-free (if you’ve had a Roth for a minimum of five years). Keep in mind that if you make early withdrawals before the age of 59½, you will likely pay a 10% penalty plus taxes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5 WAYS A HIGH-YIELD SAVINGS ACCOUNT WILL BOOST YOUR OVERALL SAVINGS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you choose a traditional savings account, a high-yield savings account, or an IRA, you can invest money in your future. If an emergency arises, you want to pay off debt or you\'re working on retirement planning, you have peace of mind you can still make ends meet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But, unlike an IRA, any interest you earn on the money in your savings account is considered taxable income, and the tax you pay is determined by your overall taxable income for that same year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.foxbusiness.com/money/pay-taxes-on-savings-account\">click here</a>.</p>\n<!-- /wp:paragraph -->','Do I have to pay taxes on my savings account?','','publish','open','open','','do-i-have-to-pay-taxes-on-my-savings-account','','','2021-07-02 21:18:44','2021-07-02 21:18:44','',0,'http://smartinsurance.tips/?p=1769',0,'post','',0),(1770,1,'2021-07-02 21:10:52','2021-07-02 21:10:52','<!-- wp:divi/placeholder /-->','Do I have to pay taxes on my savings account?','','inherit','closed','closed','','1769-revision-v1','','','2021-07-02 21:10:52','2021-07-02 21:10:52','',1769,'http://smartinsurance.tips/?p=1770',0,'revision','',0),(1772,1,'2021-07-02 21:17:22','2021-07-02 21:17:22','','My-Post-6','','inherit','open','closed','','my-post-6-4','','','2021-07-02 21:17:22','2021-07-02 21:17:22','',1769,'http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-6.png',0,'attachment','image/png',0),(1774,1,'2021-07-07 18:28:58','2021-07-07 18:28:58','<!-- wp:image {\"id\":1777,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-7-1024x536.png\" alt=\"\" class=\"wp-image-1777\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>What are the effective strategies for tackling your debt?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Between a mortgage, car loan, student loans, credit cards, and medical bills, debt can get out of control before you realize what\'s happening. Whether your debt stems from a job loss, unexpected expenses, or overspending, it’s possible to reduce and eventually eliminate it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tackling your debt takes time and effort, but combining strategies and staying consistent can help you successfully dig your way out of debt. Here are some tips to help you get out of debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Stop Accumulating Debt</strong><br>This strategy alone won’t get you out of debt, but it will keep you from making it harder to pay off. Reduce your temptation to create more debt by taking a break from your credit cards or even freezing your credit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Freezing your credit locks your credit reports to new inquiries, making it harder to apply for new credit on impulse. This step is typically intended to minimize identity theft, but can also help you avoid opening new lines of credit (and creating more debt).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you don\'t have one already, now is a great time to create a budget. A budget helps you bring your spending in line with your income, making the most of each dollar that comes in and ensuring you don\'t need to use credit cards or loans to make ends meet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Build an Emergency Fund</strong><br>Putting money in an emergency fund may sound counterintuitive if you’re trying to get out of debt—you could be using that money to pay off your debt instead of sticking it in a savings account—but an emergency fund can actually keep you from creating more debt. These savings provide you with a safety net you can use for emergency expenses, which saves you from reaching for your credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The ideal emergency fund holds six to 12 months\' worth of living expenses, but you can start by building up at least $1,000, or whatever you can afford to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Use the Debt Snowball Method</strong><br>The less you pay toward your debt balances every month, the longer it\'ll take to pay them off. Interest can exponentially expand the timeline for your debt repayment, and most debt balances rack up interest charges every month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Many people find the debt snowball method to be a good way to pay down their debt. This method allows you to make noticeable progress by paying as much as possible each month toward your smallest balance. In the meantime, make the minimum payment on all your other debts, so your accounts remain in good standing. Once you’ve paid off that smallest debt, move on to the new smallest balance, and continue this process until all you’ve paid off all your accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: The debt avalanche method is an alternative to the debt snowball method. Using this strategy, you’d start by paying as much as possible toward the debt with the highest interest rate. Once you paid it off, you’d move to the balance with the next-highest interest rate, and so on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Ask Your Creditor for a Lower Interest Rate</strong><br>Higher interest rates keep you in debt longer because so much of your payment goes toward the monthly interest charge and not toward your actual balance. However, interest rates can be negotiable, and you can ask your credit card issuers to lower your interest rate. Creditors do this at their discretion, so customers with good payment histories are more likely to successfully negotiate lower rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may be able to find a lower interest rate by seeking out promotions. If you use a balance transfer to get a lower rate, try to pay off the balance before the promotional rate expires. After that promotional period, your balance will be subject to higher interest rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: You typically need to have good to excellent credit to qualify for a low-interest or balance transfer credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Increase Your Income</strong><br>The more money you put toward your debt, the faster you can pay it off for good. Look for ways to come up with extra money to dedicate to your debt. For example, you could earn extra cash by selling items from your home, starting a side hustle, or generating income from a hobby. You may be able to earn more money from your full-time job by negotiating a raise or working more hours.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Withdraw From Your Retirement Fund</strong><br>In extreme cases, you may consider pulling money from your retirement account to pay off your debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Warning: If you’re not at least 59½, you’ll face early withdrawal penalties and additional tax liability. The specific penalty you\'ll face depends on the retirement account you draw from and how you spend the money, but the standard early withdrawal penalty is a 10% tax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Plus, when retirement comes around, your savings will be short—not only from the money you withdrew, but also from the interest, dividends, and capital gains you could have earned with that money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It\'s possible to borrow from work-sponsored retirement plans, such as a 401(k). However, this strategy also comes with risks. If you leave your job, you’ll have to pay back the loan on an expedited timeframe that could worsen your debt problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Cash Out a Life Insurance Policy</strong><br>You may have accumulated some cash in your whole or universal life insurance policy that you can put toward your debt. Like tapping retirement funds, this is a risky strategy that can come with tax consequences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Cashing out means surrendering your life insurance policy, and it will no longer be in effect. Borrowing from your insurance policy may also be an option, but it may affect the death benefit your beneficiaries will receive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Debt Settlement</strong><br>Debt settlement may be a solution if your accounts are past due, or you owe more money than you could repay over a few years. When you settle your debts, you ask the creditor to accept a one-time, lump-sum payment that’s lower than the full balance to satisfy the debt in full. Creditors typically only accept settlement offers on accounts that are in default or at risk of defaulting. However, debt settlement can negatively affect your credit score, so it should only be used as a last resort.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can settle debts on your own by negotiating directly with your creditors, or you can get help from a reputable debt relief company. Beware of any company that advises you to purposely fall behind on payments in hopes that you can settle your debt once your accounts are in default.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Credit Counseling</strong><br>Credit counseling agencies are organizations, usually nonprofit, who can help manage your finances and debt. When it comes to paying off debt, certified credit counselors negotiate with creditors on your behalf to create an affordable debt management plan. Each month, you\'ll send a lump sum payment to the credit counseling agency, which divides the payment and sends it to your creditors on your behalf.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A debt management plan created with a credit counselor is very different from debt settlement—you don\'t have to be in default for credit counseling, and the goal is to pay your accounts in full.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can find a credit counselor through the National Foundation for Credit Counseling or the Financial Counseling Association of America. Both organizations deliver credit counseling services through local member agencies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Bottom Line</strong><br>While some of these steps may seem small—like avoiding new debt and building an emergency fund— they\'re important for building a solid financial foundation that allows you to successfully pay off your debt. Tracking your progress along the way helps keep you focused and reminds you that you\'re getting closer to your debt payoff goal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/start-getting-out-of-debt-960852\">click here</a>.</p>\n<!-- /wp:paragraph -->','How to Reduce or Eliminate Debt?','','publish','closed','closed','','how-to-reduce-or-eliminate-debt','','','2021-07-07 18:38:18','2021-07-07 18:38:18','',0,'http://smartinsurance.tips/?page_id=1774',0,'page','',0),(1775,1,'2021-07-07 18:28:58','2021-07-07 18:28:58','<!-- wp:divi/placeholder /-->','How to Reduce or Eliminate Debt?','','inherit','closed','closed','','1774-revision-v1','','','2021-07-07 18:28:58','2021-07-07 18:28:58','',1774,'http://smartinsurance.tips/?p=1775',0,'revision','',0),(1777,1,'2021-07-07 18:33:49','2021-07-07 18:33:49','','My-Post-7','','inherit','open','closed','','my-post-7-3','','','2021-07-07 18:33:49','2021-07-07 18:33:49','',1774,'http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-7.png',0,'attachment','image/png',0),(1783,1,'2021-07-07 18:46:08','2021-07-07 18:46:08','<!-- wp:image {\"id\":1781,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-9-1024x536.png\" alt=\"\" class=\"wp-image-1781\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Strong Wi-Fi is not just a perk; it’s an essential service these days, now that remote work and school are the norm. Unfortunately, many of us have learned, there’s nothing more frustrating than experiencing internet problems just as it’s your turn to speak on a Zoom call.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Those glitches in your service, however, could mean that someone is piggybacking on your Wi-Fi. After all, in the worst-case scenario, your systems could be hacked, and someone could gain access to your personal information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“The first thing everyone should do to safeguard their in-home Wi-Fi network is to password-protect it. A strong password will help keep the Wi-Fi door locked to hackers,” says Todd Smith, a spokesperson for Cox Communications in Atlanta.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Not everyone who piggybacks on Wi-Fi is a criminal; some may just not be able to afford high-speed internet for their own needs. But as unfortunate as that is, you need to make sure your network is not vulnerable to malicious attacks, and that you’re able to get the speedy internet service that you’re paying for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Penalties for stealing Wi-Fi are still being developed, so it’s best to be proactive. In the meantime, here are some clues that a Wi-Fi squatter is in your midst.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"1-slow-internet-speed\">1. Slow internet speed</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your previously blazing-fast internet has slowed to a snail’s pace, that may be a clue that something is amiss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If your internet speed has decreased, and you are starting to notice an increase in buffering, this could be a sign that someone is using your Wi-Fi,” says&nbsp;<strong>Paige Hanson</strong>, chief of cyber safety education at NortonLifeLock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Noopur Davis</strong>, executive vice president and chief product and information security officer for Comcast, says that for peace of mind, “Users may want to periodically change their Wi-Fi passwords, which will help to keep unauthorized people or devices from joining.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Always use a password that is not obvious, with a combination of letters, numbers, and symbols.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"2-a-sudden-change-in-ads\">2. A sudden change in ads</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These days, we’re all used to online ads that are strangely tailored to our tastes. If, instead, you’re suddenly seeing ads for products or services you’ve never heard of, it may be time to change your Wi-Fi password.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Ads are typically tailored to you and your internet activity, so if you see a noticeable uptick in ads that don’t resemble your search or activity at all, this could be a sign of a Wi-Fi squatter,” says Hanson.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"3-a-higher-than-normal-internet-bill\">3. A higher-than-normal internet bill</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some internet plans allow you to pay a set rate each month, but with other plans, you pay based on how much data you use or when you exceed a certain amount of data in a month. If you have the latter and you notice a higher-than-normal bill, something may be amiss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“When reviewing your bills, if you’re seeing an unusual spike in data usage and costs, this could mean someone else is using the Wi-Fi network,” says Hanson.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"4-spam-notifications\">4. Spam notifications</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Notice any spam notifications in your email inbox? If you’re sending emails and they’re getting flagged as spam, someone could be participating in illegal online activity on your Wi-Fi.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If a Wi-Fi squatter is present, they could be causing your home IP address to get flagged by spam engines that&nbsp;filter into major email services and network security providers,” says Hanson. “This will create issues for you in the long run, as emails sent from home Wi-Fi networks could begin to get blocked and filtered into spam folders.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"5-new-devices-logged-in\">5. New devices logged in</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Regularly check your router by logging in to see all the devices connected to your network.&nbsp;Many network routers come with mobile apps that let you monitor and control your network from your phone.&nbsp;If someone you don’t recognize is on there, you’ve got a squatter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To find out who is using your Wi-Fi, log in to your router and look to the “Client List” or “Attached Devices” tab.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“After identifying the squatters, change the password for your router,” says Hanson.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>She recommends making sure to choose WPA2 as the password type, a kind of encryption used to secure Wi-Fi networks. Turn off the Wi-Fi Protected Setup, or WPS, as she says this makes it easier for people to crack your Wi-Fi password.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Once you’ve changed your password, restart your router, and this will kick off the squatters,” she adds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.realtor.com/advice/home-improvement/5-clues-that-you-may-have-a-wifi-squatter/?fbclid=IwAR3KYPfRUQK-FF4aGrHZEvK9VnoY416gvsXTs0FYhGn9PyYbej8hp5UJD1k\">click here</a>.</p>\n<!-- /wp:paragraph -->','5 Clues You May Have a Wi-Fi Squatter Causing Your Slow Internet','','inherit','closed','closed','','1779-revision-v1','','','2021-07-07 18:46:08','2021-07-07 18:46:08','',1779,'http://smartinsurance.tips/?p=1783',0,'revision','',0),(1773,1,'2021-07-02 21:18:42','2021-07-02 21:18:42','<!-- wp:image {\"id\":1772,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-6-1024x536.png\" alt=\"\" class=\"wp-image-1772\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Savings accounts are federally insured, just like a checking account is. However, they offer high annual percentage yields (APYs) to grow your money over time, low minimum opening deposit requirements, and few monthly fees. High-yield savings accounts offer even higher APYs than traditional savings accounts, making them desirable to reach personal finance goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A high-yield account could be beneficial if you\'re looking to pay off student loans, save for retirement, make a sizeable real estate purchase or capitalize on regular income. It\'s important to bear in mind, however, a high-yield savings account\'s tax implications. Any interest earned on your money is taxable and must be reported on your tax return.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re searching for a savings account to consolidate debt, to fund a large purchase, or as a reserve for an unforeseen emergency, visit Credible to compare high-yield savings accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How savings accounts are taxed?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The interest you earn on your traditional or high-yield savings account is considered taxable income. You won’t pay interest on your deposits, but you will pay a savings account tax on any interest you accrue during the year, which the Internal Revenue Service (IRS) considers ordinary income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This interest is taxed at your earned income tax rate. And, it doesn’t matter if you keep the money in the account, withdraw it, or transfer it to another account altogether – it’s still taxed. If the IRS discovers you’ve earned interest on a savings account that you didn’t report, you could get hit with fees. The IRS may even decide to look into this further to determine if it was a mistake or an act of fraud.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Searching for the best interest rates on a high-yield savings account? Visit Credible to explore high-yield savings options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>WHAT ARE THE BEST WAYS TO SAVE WHEN INTEREST RATES ARE LOW?</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How to file taxes on savings account interest?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you file your annual income tax return, the interest you earn on your savings account(s) is shown on a 1099-INT tax form. You will likely receive this tax form in the mail for income earned. You are still expected to report that income even if you don’t receive a 1099-INT, but only if the interest earned is more than $10.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Banks, credit unions, and other financial institutions must show any interest they pay to account holders to the IRS. The IRS will verify the interest income you report on your taxes against what is reported by your bank to ensure there are no discrepancies. You won’t need to attach a copy of your 1099-INT form that you receive, but you do need to include the information on your tax return.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Besides the federal government, 43 states also collect income tax. You are required to pay taxes on the interest you earn on the savings account the same as you do on any income you make during the year if you live in one of these states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>ENROLLING IN A HIGH-YIELD SAVINGS ACCOUNT: A STEP-BY-STEP GUIDE</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Searching for a tax-free savings account? Try an IRA</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Both savings accounts and individual retirement accounts (IRAs) can be used to stash away money for the future. Savings accounts are ideal to meet short-term financial goals. IRAs are designed to help you prepare for retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The main benefit of an IRA over a savings account is that interest income on savings accounts is taxable. Contributions to many IRAs are tax-deductible, allowing your savings to grow faster. But, withdrawals from your IRA are taxed depending on the type of IRA you have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are several types of IRAs: Roth, SEP or SIMPLE, and traditional IRAs. Deposits to traditional IRAs are tax-deductible, and your money grows tax-free. But if you make withdrawals from your IRA, you may owe income tax on that money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Contributions to Roth IRAs are not deductible on your taxes, but withdrawals are tax-free (if you’ve had a Roth for a minimum of five years). Keep in mind that if you make early withdrawals before the age of 59½, you will likely pay a 10% penalty plus taxes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5 WAYS A HIGH-YIELD SAVINGS ACCOUNT WILL BOOST YOUR OVERALL SAVINGS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you choose a traditional savings account, a high-yield savings account, or an IRA, you can invest money in your future. If an emergency arises, you want to pay off debt or you\'re working on retirement planning, you have peace of mind you can still make ends meet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But, unlike an IRA, any interest you earn on the money in your savings account is considered taxable income, and the tax you pay is determined by your overall taxable income for that same year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.foxbusiness.com/money/pay-taxes-on-savings-account\">click here</a>.</p>\n<!-- /wp:paragraph -->','Do I have to pay taxes on my savings account?','','inherit','closed','closed','','1769-revision-v1','','','2021-07-02 21:18:42','2021-07-02 21:18:42','',1769,'http://smartinsurance.tips/?p=1773',0,'revision','',0),(1779,1,'2021-07-07 18:43:27','2021-07-07 18:43:27','<!-- wp:image {\"id\":1781,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-9-1024x536.png\" alt=\"\" class=\"wp-image-1781\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Strong Wi-Fi is not just a perk; it’s an essential service these days, now that remote work and school are the norm. Unfortunately, many of us have learned, there’s nothing more frustrating than experiencing internet problems just as it’s your turn to speak on a Zoom call.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Those glitches in your service, however, could mean that someone is piggybacking on your Wi-Fi. After all, in the worst-case scenario, your systems could be hacked, and someone could gain access to your personal information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“The first thing everyone should do to safeguard their in-home Wi-Fi network is to password-protect it. A strong password will help keep the Wi-Fi door locked to hackers,” says Todd Smith, a spokesperson for Cox Communications in Atlanta.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Not everyone who piggybacks on Wi-Fi is a criminal; some may just not be able to afford high-speed internet for their own needs. But as unfortunate as that is, you need to make sure your network is not vulnerable to malicious attacks, and that you’re able to get the speedy internet service that you’re paying for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Penalties for stealing Wi-Fi are still being developed, so it’s best to be proactive. In the meantime, here are some clues that a Wi-Fi squatter is in your midst.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"1-slow-internet-speed\">1. Slow internet speed</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your previously blazing-fast internet has slowed to a snail’s pace, that may be a clue that something is amiss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If your internet speed has decreased, and you are starting to notice an increase in buffering, this could be a sign that someone is using your Wi-Fi,” says&nbsp;<strong>Paige Hanson</strong>, chief of cyber safety education at NortonLifeLock.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Noopur Davis</strong>, executive vice president and chief product and information security officer for Comcast, says that for peace of mind, “Users may want to periodically change their Wi-Fi passwords, which will help to keep unauthorized people or devices from joining.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Always use a password that is not obvious, with a combination of letters, numbers, and symbols.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"2-a-sudden-change-in-ads\">2. A sudden change in ads</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These days, we’re all used to online ads that are strangely tailored to our tastes. If, instead, you’re suddenly seeing ads for products or services you’ve never heard of, it may be time to change your Wi-Fi password.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Ads are typically tailored to you and your internet activity, so if you see a noticeable uptick in ads that don’t resemble your search or activity at all, this could be a sign of a Wi-Fi squatter,” says Hanson.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"3-a-higher-than-normal-internet-bill\">3. A higher-than-normal internet bill</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some internet plans allow you to pay a set rate each month, but with other plans, you pay based on how much data you use or when you exceed a certain amount of data in a month. If you have the latter and you notice a higher-than-normal bill, something may be amiss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“When reviewing your bills, if you’re seeing an unusual spike in data usage and costs, this could mean someone else is using the Wi-Fi network,” says Hanson.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"4-spam-notifications\">4. Spam notifications</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Notice any spam notifications in your email inbox? If you’re sending emails and they’re getting flagged as spam, someone could be participating in illegal online activity on your Wi-Fi.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If a Wi-Fi squatter is present, they could be causing your home IP address to get flagged by spam engines that&nbsp;filter into major email services and network security providers,” says Hanson. “This will create issues for you in the long run, as emails sent from home Wi-Fi networks could begin to get blocked and filtered into spam folders.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"5-new-devices-logged-in\">5. New devices logged in</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Regularly check your router by logging in to see all the devices connected to your network.&nbsp;Many network routers come with mobile apps that let you monitor and control your network from your phone.&nbsp;If someone you don’t recognize is on there, you’ve got a squatter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To find out who is using your Wi-Fi, log in to your router and look to the “Client List” or “Attached Devices” tab.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“After identifying the squatters, change the password for your router,” says Hanson.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>She recommends making sure to choose WPA2 as the password type, a kind of encryption used to secure Wi-Fi networks. Turn off the Wi-Fi Protected Setup, or WPS, as she says this makes it easier for people to crack your Wi-Fi password.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Once you’ve changed your password, restart your router, and this will kick off the squatters,” she adds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.realtor.com/advice/home-improvement/5-clues-that-you-may-have-a-wifi-squatter/?fbclid=IwAR3KYPfRUQK-FF4aGrHZEvK9VnoY416gvsXTs0FYhGn9PyYbej8hp5UJD1k\">click here</a>.</p>\n<!-- /wp:paragraph -->','5 Clues You May Have a Wi-Fi Squatter Causing Your Slow Internet','','publish','closed','closed','','5-clues-you-may-have-a-wi-fi-squatter-causing-your-slow-internet','','','2021-07-07 18:46:09','2021-07-07 18:46:09','',0,'http://smartinsurance.tips/?page_id=1779',0,'page','',0),(1780,1,'2021-07-07 18:43:27','2021-07-07 18:43:27','<!-- wp:divi/placeholder /-->','5 Clues You May Have a Wi-Fi Squatter Causing Your Slow Internet','','inherit','closed','closed','','1779-revision-v1','','','2021-07-07 18:43:27','2021-07-07 18:43:27','',1779,'http://smartinsurance.tips/?p=1780',0,'revision','',0),(1781,1,'2021-07-07 18:44:12','2021-07-07 18:44:12','','My-Post-9','','inherit','open','closed','','my-post-9-4','','','2021-07-07 18:44:12','2021-07-07 18:44:12','',1779,'http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-9.png',0,'attachment','image/png',0),(1784,1,'2021-07-07 18:47:48','2021-07-07 18:47:48','<!-- wp:image {\"id\":1787,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-10-1024x536.png\" alt=\"\" class=\"wp-image-1787\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Whether you\'re trying to save money or just trying to get out of the same old rut, it can be fun to find new and interesting ways to enjoy your downtime.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Say goodbye to watching TV like a zombie day in and day out, and say hello to having more fun, creativity, and wellness in your life. Consider 13 ideas to help get you started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li><strong>Hiking, Walking, or Biking</strong></li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>You don’t need to go to a gym to remain active. Instead, take a walk around your neighborhood or apartment complex. Seek out local trails that are for beginners and reconnect with nature.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If walking isn’t your speed, buy a cheap bike (new or used) for less than $100 and bike around your city. Better yet, if you’re in a major city, rent a bike for a day or two and see if it’s worth investing in the hobby.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Hiking and walking require only decent shoes—which you probably already have—and comfortable clothes. Having a backpack and water bottle can be useful for hiking, but they may not be essential for very short hikes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These are great activities for families, couples, or friends. Going for a late-night bike ride or walk around town and then having a bonfire is a great way to end a night.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>2. Reading</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Reading is a cheap hobby that has a lot of benefits. It forces you to focus on something meaningful, can serve as an escape, and can spark creativity or inspiration. If you’re reading nonfiction books, you will probably learn something new.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re not the page-flipping type, try audiobooks. They’re like podcasts, and you can take them anywhere and listen to them on a walk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Instead of buying books, try borrowing them from the library. Many libraries continue to expand their digital selections, so the chance of being able to borrow an audiobook or e-book is greater than ever. You also can find many websites that offer free e-books, though they may be older.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>3. Writing</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">You write and write and write all throughout school, and when you graduate, it might be the last thing you want to do. Many people don\'t think of writing as a hobby.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">Keeping a journal can be good for the soul, though. If you find it hard to vent to people, or if it’s difficult for you to work through things out loud, writing down your thoughts can help you make sense of them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">Beyond that, writing poetry, a short story, or even a novel&nbsp;can be an amazing creative journey to undertake. All it takes is a pen and paper, or software like Microsoft Word or Google Docs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">Do you have a specific message you want to spread to the world? Blogging can be a great way to get it out there, and you can find plenty of free blogging sites online.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>4. Cooking and Baking</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Spending time in the kitchen can make some people miserable, but others thrive when they’re experimenting with different ingredients to make the perfect dish. The cost is whatever you pay for ingredients, and eating at home is cheaper than dining out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the best parts about cooking and baking is that so many recipes are available online, you don’t need a cookbook at all. You can choose to follow recipes or adapt them to make them your own. If you have your own garden, you can even source your very own ingredients for free.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>5. Playing Games</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some board games may seem expensive, but the cost of games isn’t that bad when you think about how much use you\'ll get out of them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if you buy a board game for $30 and play it with your friends five times, that’s $6 of entertainment for one night—and the cost keeps going down the more you play it. Most board games are timeless, so it’s just a matter of finding one everyone can enjoy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Alternatively, many classic board games have online versions available for free or very little money that allow ​you to play with friends or family in other locations. This can be a great way to stay in touch with loved ones who live in other cities or states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>6. Volunteering</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">Some might not consider volunteering a hobby, but it’s certainly an activity&nbsp;you can enjoy in your spare time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">Volunteering has a lot of benefits, too. You feel good when you’re able to give back, especially to a cause that matters to you. You also may get involved in a friendly community of volunteers and make new friends.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Plus, you might be able to volunteer at a place where you’d love to work that’s specifically run by volunteers. It’s the next best thing to being employed there. Volunteering can also help you develop new skills you can use to boost your resume.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>7. Getting Artsy</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">Depending on the medium, most artistic hobbies can be done on the cheap—especially when you consider that one-time investments often pay off in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">You might need to buy some brushes, pencils, paper, and paint, but the equipment and materials should last for a few months at least.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">You also could&nbsp;design graphics on the computer. There are a number of programs available for free, and you can get Photoshop for as little as $10 a month.<sup>1</sup>﻿</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">You even could go back to basics and use adult coloring books to pass the time, or you can attend a free class at a craft store.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>8. Learning</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You might not think of learning as a hobby, but the possibilities are endless.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can choose to learn a new language or a new skill that you can put to use at work. Or maybe, there is a specific topic you\'ve always wanted to research. None of this has to involve formal study; you can follow your own path at your own pace.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The pursuit of knowledge is a worthy one, and there are tons of free resources online and at local libraries that you can use to learn more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>9. Camping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Camping is a great hobby to pair with hiking, and it\'s fairly inexpensive.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">For complete beginners, a tent, sleeping bag, firewood, and fire-starting materials are the basics to purchase. You can buy a small tent for around $25-$35, and basic sleeping bags are around the same price.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">To start a fire, all you really need are twigs and branches around the campsite, and a lighter to start the fire.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Of course, you\'ll need to bring food unless you\'re fishing or hunting, but simple recipes&nbsp;are often&nbsp;all you need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">If there are any avid campers in your family or circle of friends, ask them if you can come with them on a trip. That way, you don\'t need to invest much, and you can see if you like it before dropping more money on quality materials that will last for decades.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>10. Playing Music</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Have you ever wanted to learn how to play the piano? Guitar? Violin? Just because band class is over doesn’t mean you can’t pick up an instrument and learn. You don’t need a private tutor, either, unless you learn better from having a mentor. Many tutorials for beginners are available online.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-46\">Shop around for an instrument or see if you can borrow one from a friend, so you can decide how committed you are.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>11. Exercising</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-48\">Exercising is a great hobby—and habit—to have. It will get you into good physical and mental shape, which can provide a variety of benefits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">You don’t need a gym membership, but if you choose to get one, many offer low-cost packages that range from $10-$30 per month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-50\">You can also get your own weights or learn how to do body weight exercises. Or do yoga—you just need a mat. There are plenty of free workouts on YouTube, and your phone probably has a few free fitness apps as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>12. Fostering Animals</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">If you’re not in the best financial position to adopt a pet, or if you don’t want a long-term commitment to one, fostering can be a good way to indulge your love for furry creatures.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-53\">You’re helping to make space in a shelter, socialize someone\'s future pet, and give it a break from the stressful environment of a shelter. Plus, most foster agreements&nbsp;stipulate that the shelter or organization is responsible for medical care, and they may be nice enough to supply you with essentials as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">It’s basically the same cost as having a pet, without the adoption or medical fees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">If you can\'t help but get attached, pet-sitting is a good alternative.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>13. Decluttering</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-57\">It may sound strange, but believe it or not, decluttering can become addicting once you get into it. Some people have even created businesses around helping people declutter!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-58\">As a bonus, this hobby may make you some money. Consider listing some of your things on an online marketplace or have a garage sale.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-59\">Another added bonus? This creates space in your house. If you\'ve been thinking of buying a storage garage or upgrading your house, you may not need to do so once you declutter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 id=\"mntl-sc-block_3-0\"><strong>Finding Inspiration</strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-60\">If none of these hobbies speak to you, look to your friends and family for ideas. Do any of them have interesting hobbies you want to learn more about? Ask them, and they may be able to help you bring down the cost by letting you borrow certain things or letting you partake in their hobbies with them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/cheap-and-fun-hobbies-4125444\">click here</a>.</p>\n<!-- /wp:paragraph -->','13 Hobbies That Are Both Cheap and Fun','','publish','closed','closed','','13-hobbies-that-are-both-cheap-and-fun','','','2021-07-07 19:05:09','2021-07-07 19:05:09','',0,'http://smartinsurance.tips/?page_id=1784',0,'page','',0),(1785,1,'2021-07-07 18:47:48','2021-07-07 18:47:48','<!-- wp:divi/placeholder /-->','13 Hobbies That Are Both Cheap and Fun','','inherit','closed','closed','','1784-revision-v1','','','2021-07-07 18:47:48','2021-07-07 18:47:48','',1784,'http://smartinsurance.tips/?p=1785',0,'revision','',0),(1787,1,'2021-07-07 18:56:38','2021-07-07 18:56:38','','My-Post-10','','inherit','open','closed','','my-post-10-4','','','2021-07-07 18:56:38','2021-07-07 18:56:38','',1784,'http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-10.png',0,'attachment','image/png',0),(1778,1,'2021-07-07 18:38:17','2021-07-07 18:38:17','<!-- wp:image {\"id\":1777,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-7-1024x536.png\" alt=\"\" class=\"wp-image-1777\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>What are the effective strategies for tackling your debt?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Between a mortgage, car loan, student loans, credit cards, and medical bills, debt can get out of control before you realize what\'s happening. Whether your debt stems from a job loss, unexpected expenses, or overspending, it’s possible to reduce and eventually eliminate it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tackling your debt takes time and effort, but combining strategies and staying consistent can help you successfully dig your way out of debt. Here are some tips to help you get out of debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Stop Accumulating Debt</strong><br>This strategy alone won’t get you out of debt, but it will keep you from making it harder to pay off. Reduce your temptation to create more debt by taking a break from your credit cards or even freezing your credit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Freezing your credit locks your credit reports to new inquiries, making it harder to apply for new credit on impulse. This step is typically intended to minimize identity theft, but can also help you avoid opening new lines of credit (and creating more debt).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you don\'t have one already, now is a great time to create a budget. A budget helps you bring your spending in line with your income, making the most of each dollar that comes in and ensuring you don\'t need to use credit cards or loans to make ends meet.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Build an Emergency Fund</strong><br>Putting money in an emergency fund may sound counterintuitive if you’re trying to get out of debt—you could be using that money to pay off your debt instead of sticking it in a savings account—but an emergency fund can actually keep you from creating more debt. These savings provide you with a safety net you can use for emergency expenses, which saves you from reaching for your credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The ideal emergency fund holds six to 12 months\' worth of living expenses, but you can start by building up at least $1,000, or whatever you can afford to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Use the Debt Snowball Method</strong><br>The less you pay toward your debt balances every month, the longer it\'ll take to pay them off. Interest can exponentially expand the timeline for your debt repayment, and most debt balances rack up interest charges every month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Many people find the debt snowball method to be a good way to pay down their debt. This method allows you to make noticeable progress by paying as much as possible each month toward your smallest balance. In the meantime, make the minimum payment on all your other debts, so your accounts remain in good standing. Once you’ve paid off that smallest debt, move on to the new smallest balance, and continue this process until all you’ve paid off all your accounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: The debt avalanche method is an alternative to the debt snowball method. Using this strategy, you’d start by paying as much as possible toward the debt with the highest interest rate. Once you paid it off, you’d move to the balance with the next-highest interest rate, and so on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Ask Your Creditor for a Lower Interest Rate</strong><br>Higher interest rates keep you in debt longer because so much of your payment goes toward the monthly interest charge and not toward your actual balance. However, interest rates can be negotiable, and you can ask your credit card issuers to lower your interest rate. Creditors do this at their discretion, so customers with good payment histories are more likely to successfully negotiate lower rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may be able to find a lower interest rate by seeking out promotions. If you use a balance transfer to get a lower rate, try to pay off the balance before the promotional rate expires. After that promotional period, your balance will be subject to higher interest rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: You typically need to have good to excellent credit to qualify for a low-interest or balance transfer credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Increase Your Income</strong><br>The more money you put toward your debt, the faster you can pay it off for good. Look for ways to come up with extra money to dedicate to your debt. For example, you could earn extra cash by selling items from your home, starting a side hustle, or generating income from a hobby. You may be able to earn more money from your full-time job by negotiating a raise or working more hours.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Withdraw From Your Retirement Fund</strong><br>In extreme cases, you may consider pulling money from your retirement account to pay off your debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Warning: If you’re not at least 59½, you’ll face early withdrawal penalties and additional tax liability. The specific penalty you\'ll face depends on the retirement account you draw from and how you spend the money, but the standard early withdrawal penalty is a 10% tax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Plus, when retirement comes around, your savings will be short—not only from the money you withdrew, but also from the interest, dividends, and capital gains you could have earned with that money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It\'s possible to borrow from work-sponsored retirement plans, such as a 401(k). However, this strategy also comes with risks. If you leave your job, you’ll have to pay back the loan on an expedited timeframe that could worsen your debt problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Cash Out a Life Insurance Policy</strong><br>You may have accumulated some cash in your whole or universal life insurance policy that you can put toward your debt. Like tapping retirement funds, this is a risky strategy that can come with tax consequences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Cashing out means surrendering your life insurance policy, and it will no longer be in effect. Borrowing from your insurance policy may also be an option, but it may affect the death benefit your beneficiaries will receive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Debt Settlement</strong><br>Debt settlement may be a solution if your accounts are past due, or you owe more money than you could repay over a few years. When you settle your debts, you ask the creditor to accept a one-time, lump-sum payment that’s lower than the full balance to satisfy the debt in full. Creditors typically only accept settlement offers on accounts that are in default or at risk of defaulting. However, debt settlement can negatively affect your credit score, so it should only be used as a last resort.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can settle debts on your own by negotiating directly with your creditors, or you can get help from a reputable debt relief company. Beware of any company that advises you to purposely fall behind on payments in hopes that you can settle your debt once your accounts are in default.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Credit Counseling</strong><br>Credit counseling agencies are organizations, usually nonprofit, who can help manage your finances and debt. When it comes to paying off debt, certified credit counselors negotiate with creditors on your behalf to create an affordable debt management plan. Each month, you\'ll send a lump sum payment to the credit counseling agency, which divides the payment and sends it to your creditors on your behalf.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A debt management plan created with a credit counselor is very different from debt settlement—you don\'t have to be in default for credit counseling, and the goal is to pay your accounts in full.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can find a credit counselor through the National Foundation for Credit Counseling or the Financial Counseling Association of America. Both organizations deliver credit counseling services through local member agencies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Bottom Line</strong><br>While some of these steps may seem small—like avoiding new debt and building an emergency fund— they\'re important for building a solid financial foundation that allows you to successfully pay off your debt. Tracking your progress along the way helps keep you focused and reminds you that you\'re getting closer to your debt payoff goal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalance.com/start-getting-out-of-debt-960852\">click here</a>.</p>\n<!-- /wp:paragraph -->','How to Reduce or Eliminate Debt?','','inherit','closed','closed','','1774-revision-v1','','','2021-07-07 18:38:17','2021-07-07 18:38:17','',1774,'http://smartinsurance.tips/?p=1778',0,'revision','',0),(1789,1,'2021-07-08 17:08:19','2021-07-08 17:08:19','<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">Each type of retirement benefit has a different eligibility age. Your age plays a big role in how much you can expect to receive from Social Security and what you need to do to avoid retirement account penalties. Remember to factor these important ages into your retirement plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">Key Milestones for Retirement</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"fontSize\":\"medium\"} -->\n<ul class=\"has-medium-font-size\"><li>Max out retirement accounts at age 49 or younger.</li><li>Take advantage of catch-up contributions beginning at age 50.</li><li>Your 401(k) withdrawal age might be 55.</li><li>The IRA retirement age is 59 1/2.</li><li>At age 62 you are eligible to begin Social Security payments.</li><li>Medicare eligibility begins at age 65.</li><li>The Social Security full retirement age is 66 for most baby boomers.</li><li>Age 67 is the Social Security full retirement age for younger generations.</li><li>You can boost your monthly Social Security payments if you delay claiming until age 70.</li><li>The 401(k) and IRA required minimum distribution age is 72.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">Max Out Retirement Accounts at Age 49 or Younger</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">Workers who begin to save for retirement early in their career are best able to take advantage of compounding investment returns. Saving in a retirement account can additionally qualify you for tax breaks and employer contributions. The 401(k) contribution limit is $19,500 in 2021. Workers can also deposit up to $6,000 in a traditional or Roth individual retirement account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">\"Roth accounts typically favor younger employees. The idea is to pay tax now at a lower rate, given your wages are expected to increase, and then have your investments grow tax-free,\" says Rick Vazza, a certified financial planner and president of Driven Wealth Management in San Diego. \"Using the traditional component of an account may be more appropriate for individuals already in peak earning years. Theoretically, they can avoid the tax in the currently high-earning years, and pay the tax at a potentially lower tax rate in retirement.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">Take Advantage of Catch-Up Contributions Beginning at Age 50</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">Beginning at age 50 you can ramp up your retirement account contributions. Employees age 50 and older can make 401(k) catch-up contributions of up to $6,500 for a maximum possible 401(k) contribution of $26,000 in 2021. Those age 50 and up can also deposit an extra $1,000 in an IRA, or $7,000 in total for 2021.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">\"The increase to the contribution limit is fantastic for those who can take advantage of maxing out those contributions,\" says Laura Morganelli, a certified financial planner for Captrust in Allentown, Pennsylvania. Making catch-up contributions allows older workers to tuck additional money into retirement accounts and qualify for a bigger tax deduction in the years leading up to retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">Your 401(k) Withdrawal Age Might Be 55</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">If you leave your job in the year you turn age 55 or older, you can take penalty-free 401(k) withdrawals from the account associated with your most recent job. The rule of 55 allows you to avoid the 10% early withdrawal penalty, but income tax will still apply to each traditional 401(k) distribution. However, if you roll your 401(k) account balance over to an IRA, you will need to wait until age 59 1/2 to take IRA withdrawals without penalty.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">The IRA Retirement Age Is 59 1/2</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">The 10% early withdrawal penalty on IRA distributions ends at age 59 1/2. However, traditional IRA distributions are not required until after age 72. Income tax will be due on each withdrawal from your traditional IRA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">At Age 62 You Are Eligible to Begin Social Security Payments</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">You can start collecting your Social Security payments at age 62. However, your monthly payments will be reduced if you begin payments at this age.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">\"If your full retirement age is 67 and you retire at 62, you are looking at a 30% per month reduction,\" says Alexandra Baig, a certified financial planner at Companions On Your Journey in Brookfield, Illinois.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">Also, if you work after signing up for Social Security, your benefit checks could be temporarily withheld if you are paid more than the annual earnings limit. \"If you retire before your full retirement age and continue to work and earn more than $18,960 per year, for every $2 above this amount, Social Security will reduce your benefit by $1,\" Baig says. Once you reach your full retirement age, your Social Security benefit will be recalculated to give you credit for the benefit withholding and your continued earnings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">Medicare Eligibility Begins at Age 65</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">You can first enroll in Medicare during a seven-month period that begins three months before the month you turn 65. Take care to sign up on time, because your Medicare Part B premiums will increase by 10% for each 12-month period you were eligible for benefits but did not enroll. If you delay enrollment because you or your spouse is covered by a group health plan at work, sign up for Medicare within eight months of leaving the job or health plan to avoid the penalty.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">The Social Security Full Retirement Age Is 66 for Most Baby Boomers</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">People born between 1943 and 1954 qualify for their full Social Security benefit at age 66. The Social Security full retirement age gradually increases from 66 and two months to 66 and 10 months for those born between 1955 and 1959. For example, the full retirement age is 66 and six months for people born in 1957. Once you turn your full retirement age, you can work while receiving Social Security benefits without having any of your payments withheld.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">Age 67 Is the Social Security Full Retirement Age for Younger Generations</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">The Social Security full retirement age is 67 for workers born in 1960 or later. Millennials and younger generations need to wait until age 67 to qualify for their full Social Security benefit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">You Can Boost Your Monthly Social Security Payments if You Delay Claiming Until Age 70</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">Social Security payments increase by 8% for each year you wait to start your payments between your full retirement age and age 70. After age 70, there is no additional benefit to waiting to sign up for Social Security.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">\"If you wait until after full retirement age to claim your retirement benefit, the amount you receive will be greater than your primary insurance amount,\" says Mike Piper, a certified public accountant and author of \"Social Security Made Simple.\" \"The increase is two-thirds of 1% of your primary insurance amount for each month you wait beyond full retirement age up to age 70, beyond which there is no increase for waiting.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"fontSize\":\"large\"} -->\n<h3 class=\"has-large-font-size\">The 401(k) and IRA Required Minimum Distribution Age is 72</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">Those over age 72 are typically required to take annual withdrawals from 401(k)s and traditional IRAs and pay the resulting income tax bill. The penalty for missing a required minimum distribution is a stiff 50% of the amount that should have been taken out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">Your first distribution must be taken by April 1 of the year after you turn 72. After that, annual withdrawals are due by Dec. 31 each year. Those who delay the first withdrawal until April will need to take two distributions in the same year, which could result in a big tax bill that year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">However, there are several exceptions to the required IRA and 401(k) withdrawal age. If you continue to work after age 72 for a company you don\'t own, you can delay 401(k) withdrawals from the retirement account at that job until you actually retire. A qualified charitable distribution from an IRA directly to a qualifying charity can also satisfy the minimum distribution requirement. Roth IRAs don\'t have withdrawal requirements in retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">To read the full article,&nbsp;<a href=\"https://money.usnews.com/money/retirement/aging/articles/10-important-ages-for-retirement-planning\">click here</a>.</p>\n<!-- /wp:paragraph -->','10 Important Ages for Retirement Planning','','publish','closed','closed','','10-important-ages-for-retirement-planning','','','2022-04-25 23:40:37','2022-04-25 23:40:37','',0,'http://smartinsurance.tips/?page_id=1789',0,'page','',0),(1790,1,'2021-07-08 17:08:19','2021-07-08 17:08:19','<!-- wp:divi/placeholder /-->','10 Important Ages for Retirement Planning','','inherit','closed','closed','','1789-revision-v1','','','2021-07-08 17:08:19','2021-07-08 17:08:19','',1789,'http://smartinsurance.tips/?p=1790',0,'revision','',0),(1792,1,'2021-07-08 17:21:43','2021-07-08 17:21:43','','My-Post-11','','inherit','open','closed','','my-post-11-2','','','2021-07-08 17:21:43','2021-07-08 17:21:43','',1789,'http://smartinsurance.tips/wp-content/uploads/2021/07/My-Post-11.png',0,'attachment','image/png',0),